| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERSHIP ELIGIBILITY IS OPEN TO ANY PERSON, ASSOCIATION, CORPORATION, PARTNERSHIP, OR ENTITY HAVING AN INTEREST IN THE OBJECTIVES OF THE CHAMBER TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF GREATER BLOOMINGTON AND THE AREA WITHIN, AND SURROUNDING, MONROE COUNTY. |
| FORM 990, PART VI, SECTION A, LINE 7A | AT THE REGULAR MARCH BOARD MEETING, THE CHAIR SHALL APPOINT A NOMINATING COMMITTEE OF FOUR MEMBERS OF THE CHAMBER AND THE IMMEDIATE PAST CHAIR. THE IMMEDIATE PAST CHAIR SHALL BE CHAIR OF THE NOMINATING COMMITTEE. PRIOR TO MAY 1 OF EACH YEAR, THE NOMINATING COMMITTEE SHALL PRESENT TO THE CHAIR A SLATE OF CANDIDATES TO REPLACE THE DIRECTORS WHOSE REGULAR TERMS ARE EXPIRING. EACH CANDIDATE MUST BE AN ACTIVE MEMBER IN GOOD STANDING AND MUST HAVE AGREED TO ACCEPT THE RESPONSIBILITY OF A DIRECTORSHIP. UPON RECEIPT OF THE NOMINATING COMMITTEE REPORT, THE EXECUTIVE DIRECTOR SHALL NOTIFY THE MEMBERS BY AN ACCEPTED FORM OF PUBLICATION (AS IDENTIFIED IN THE BY-LAWS). THE PUBLICATION MUST BE SENT TO ALL MEMBERS AND CONTAIN THE NAMES OF PERSONS NOMINATED AS CANDIDATES FOR DIRECTORS, AS WELL AS THE RIGHT OF PETITION. WHILE THE MEMBERS DO NOT VOTE DIRECTLY, ADDITIONAL NAMES OF CANDIDATES CAN BE NOMINATED BY PETITION BEARING THE SIGNATURES OF AT LEAST FIVE QUALIFIED MEMBERS IN GOOD STANDING OF THE CHAMBER. THE PETITION MUST BE FILED WITH THE NOMINATING COMMITTEE WITHIN TEN DAYS AFTER NOTICE HAS BEEN GIVEN OF THE NAMES OF THOSE NOMINATED. IF A PETITION PRESENTS ADDITIONAL CANDIDATES, THE BOARD OF DIRECTORS SHALL VOTE ON THE CANDIDATES AT ITS REGULAR AUGUST BOARD MEETING. THE CANDIDATES WITH THE GREATEST NUMBER OF VOTES SHALL BE DECLARED ELECTED. |
| FORM 990, PART VI, SECTION B, LINE 11B | COPIES OF THE FORM 990 ARE PRESENTED TO THE FINANCIAL COMMITTEE, EXECUTIVE COMMITTEE, AND BOARD FOR APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C | DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE ASKED TO UPDATE THEIR CONFLICT OF INTEREST ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | DIRECTORS ARE VOLUNTEERS AND NOT COMPENSATED. REVIEW OF THE STAFF IS CONDUCTED BY INTERNAL SUPERVISORS AND THE EXECUTIVE DIRECTOR AS DEFINED BY THE BYLAWS. REVIEW OF THE EXECUTIVE DIRECTOR IS CONDUCTED BY THE BOARD CHAIR AND EXECUTIVE COMMITTEE, THEN COMPENSATION IS REVIEWED BY THE ENTIRE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE CHAMBER MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE CHAMBER'S EXECUTIVE COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE ANNUAL AUDIT OF ITS FINANCIAL STATEMENTS. THE EXECUTIVE COMMITTEE AND THE OFFICE MANAGER ARE RESPONSIBLE FOR SELECTING THE INDEPENDENT AUDITOR AND OVERSEEING THE AUDIT. THERE HAVE BEEN NO CHANGES TO THIS PROCESS FROM THE PRIOR YEAR. |
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