| Return Reference | Explanation |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 11B | ONCE COMPLETED BY OUR CPA, THE BOARD REVIEWS THE 990 INDIVIDUALLY AFTER IT'S BEEN RECEIVED VIA EMAIL. THE CPA TYPICALLY PRESENTS THE INFORMATION AT A BOARD MEETING OR OTHER ARRANGED MEETING AND THE BOARD IS GIVEN THE OPPORTUNITY TO ASK QUIESTIONS OF THE CPA, PRESIDENT & CEO, AND EXECUTIVE COMMITTEE. THE BOARD VOTES ON WHETHER OR NOT TO ACCEPT THE 990 AS PRESENTED OR WITH CHANGES. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ALL BOARD OF DIRECTORS WERE GIVEN, BOTH DIGITALLY AND ON PAPER, A COPY OF THE CONFLICT OF INTEREST POLICY AND A "POTENTIAL CONFLICT REPORT" THAT THEY SELF-MONITORED. IF THERE WAS A CONFLICT OF INTEREST ON A VOTE, MEMBER INVOLVED WOULD ABSTAIN. |
| FORM 990, PAGE 6, PART VI, LINE 15A | A SURVEY SUMMARY FROM MIDAMERICA CHAMBER EXECUTIVES WAS SHARED ABOUT THE COMPENSATION OF CHAMBER EXECS BASED ON SIZE OF ORGANIZATION, TENURE, AND EDUCATION LEVEL, AS WELL AS KIM'S HISTORICAL BONUS / SALARY ADJUSTMENT DATA. OUR CHAIR AND PAST CHAIR REVIEW, CONFER WITH TREASURER & BOOKKEEPER AS NEEDED TO UNDERSTAND FEASIBILITY OF ANY ADJUSTMENTS, AND THEN CONFER WITH EXEC COMMITTEE, THEN PRESENTED TO EMPLOYEE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION MAINTAINS A PUBLIC INFORMATION BINDER OF 990 FORMS AND CONFLICT OF INTEREST POLICY FOR PUBLIC INSPECTION AT THE FRONT DESK AT THE OFFICE, WITH COPIES AVAILABLE FOR PURCHASE. AT PRESENT, 6 YEARS ARE AVAILABLE FOR REVIEW IN THIS CAPACITY. ADDITIONALLY, THE ORGANIZATION HAS A LINK ON THE WEBSITE WWW.HERMANTOWNCHAMBER.COM UNDER ABOUT US "TRANSPARENCY" THAT HAS LINKS TO THE FILED 990 FORMS FOR THE PAST 7 YEARS; THESE ARE VIEWABLE AND DOWNLOADABLE AT NO CHARGE. THERE IS ALSO A LINK TO GUIDESTAR.ORG WHERE INDIVIDUALS CAN CREATE A FREE ACCOUNT AND DOWNLOAD THE ORGANIZATION'S 990'S BY SEARCHING FOR THE ORGANIZATION. THE HERMANTOWN AREA CHAMBER OF COMMERCE'S PROFILE CAN BE FOUND AT: HTTPS://WWW.GUIDESTAR.ORG/PROFILE/7601658EREST POLCY FOR PUBLIC INSPECTION |
| FORM 990, PART XI, LINE 9 | PRIOR PERIOD ADJUSTMENTS -522 |
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