Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERS OF THE SALEM AREA CHAMBER OF COMMERCE SHALL CONSIST OF THOSE INDIVIDUALS, PARTNERSHIPS, FIRMS OR CORPORATIONS RESIDING IN OR DOING BUSINESS IN THE AREA SERVED BY THE SALEM AREA CHAMBER OF COMMERCE WHO ARE INTERESTED IN THE PURPOSES AND OBJECTIVES OF THE SALEM AREA CHAMBER OF COMMERCE AND WHO HAVE FULLY PAID ALL STIPULATED DUES PRESCRIBED FOR THE THEN CURRENT FISCAL YEAR. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE NOMINATING COMMITTEE SHALL INDICATE THE DATE OF ITS MEETING AND NOTICE OF SUCH MEETING SHALL BE PREVIOUSLY GIVEN TO EACH MEMBER BY PUBLICATION IN THE CHAMBER NEWSLETTER. ANY MEMBER OF THE CHAMBER IN GOOD STANDING MAY SUBMIT SUGGESTIONS FOR NOMINATIONS TO THE COMMITTEE IN WRITING PRIOR TO THE DATE OF SUCH MEETING. ANY MEMBER FIRM, ASSOCIATION, CORPORATION OR PERSON SHALL BE ENTITLED TO CAST ONE VOTE; HOWEVER, WHERE INDIVIDUALS HAVE BEEN DESIGNATED TO REPRESENT ADDITIONAL MEMBERSHIPS, SUCH INDIVIDUALS SHALL BE ENTITLED TO ONE VOTE. |
| FORM 990, PART VI, SECTION A, LINE 7B | BUSINESS MEETINGS ARE HELD ANNUALLY IN JUNE AND ANNUAL REPORTS ARE MAILED TO MEMBERS OF THE CHAMBER FOR REVIEW AND COMMENT. MEMBERS COMMENT ON ACTION PLANS FOR THE ORGANIZATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE TREASURER, WHO IS THE CHAIR OF THE WAYS AND MEANS COMMITTEE, AND THE CEO REVIEW THE INFORMATIONAL FORM 990. THE INFORMATION FORM 990 IS THEN PRESENTED TO THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY AT THEIR BOARD OF DIRECTORS RETREAT. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF DIRECTORS AND EXECUTIVE COMMITTEE REVIEWS AND DETERMINES THE CEO'S COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE CHAMBER OFFICE. |
| FORM 990, PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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