| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THERE WAS A CHANGE TO THREE CLASSES OF MEMBERSHIP: VOTING MEMBERS, NON-VOTING MEMBERS AND HONORARY MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THERE SHALL BE THREE CLASSES OF MEMBERSHIP: VOTING MEMBERS, NON-VOTING MEMBERS AND HONORARY MEMBERS. VOTING MEMBERS SHALL BE THOSE MEMBERS OF THE CORPORATION WHO MEET THE ELIGIBILITY REQUIREMENTS SET FORTH IN THESE BYLAWS AND THAT PAY ANNUAL DUES TO THE CORPORATION AS SET FORTH IN THESE BYLAWS. NON-VOTING MEMBERS SHALL BE THOSE MEMBERS OF THE CORPORATION WHO MEET THE ELIGIBILITY REQUIREMENTS SET FORTH IN THESE BYLAWS AND THAT DO NOT PAY ANNUAL DUES TO THE CORPORATION. NON- VOTING MEMBERS SHALL HAVE NO VOTING RIGHTS IN THE CORPORATION. HONORARY MEMBERS. THE BOARD OF DIRECTORS MAY DESIGNATE HONORARY MEMBERSHIP TO CERTAIN INDIVIDUALS OR ORGANIZATIONS WHO HAVE MADE EXTRAORDINARY CONTRIBUTIONS TO THE CORPORATION. HONORARY MEMBERS SHALL BE EXEMPT FROM PAYING DUES TO THE CORPORATION AND SHALL HAVE NO VOTING RIGHTS IN THE CORPORATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | EVERY VOTING MEMBER OF THE ORGANIZATION IS ENTITLED TO ONE VOTE |
| FORM 990, PART VI, SECTION B, LINE 11B | THE DRAFT FORM 990 WAS PROVIDED TO MEMBERS OF THE AUDIT COMMITTEE FOR THEIR REVIEW PRIOR TO THE FORM BEING FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EMPLOYEES ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST ON AN ANNUAL BASIS. |
| FORM 990, PART VI, SECTION B, LINE 15 | AS DELEGATED REPRESENTATIVES OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMPENSATION COMMITTEE HAS THE POWER, DUTY AND RESPONSIBILITY TO DETERMINE THE ORGANIZATION'S OVERALL COMPENSATION PHILOSOPHY AND TO ESTABLISH THE GUIDELINES, RULES AND PROCEDURES NECESSARY FOR THE PROPER AND EFFICIENT ADMINISTRATION OF THE EXECUTIVE COMPENSATION PROGRAM. LISTED BELOW IS THE ANNUAL PROCESS: -EXECUTIVE GOAL SETTING -MONITORING THE PLAN WITH PRESIDENT -EXECUTIVE COMPENSATION COMMITTEE REVIEW -REVIEW PRESIDENT'S GOALS -DETERMINE BASE COMPENSATION AND VARIABLE PAY ALLOCATION AT THIS TIME THE ORGANIZATION HAS NO EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FORM 990, FORM 990-T AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUESTING A COPY AT THE CHAMBER'S HEADQUARTERS. |
| FORM 990, PART XI, LINE 9: | EQUITY EARNINGS IN SUBSIDIARY 19,335. |
| PART XII, LINE 2C | THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. ANNUALLY, THE AUDIT COMMITTEE APPOINTS THE INDEPENDENT ACCOUNTANT, APPROVES THE INDEPENDENT ACCOUNTANT'S FEES AND REVIEWS THE AUDITED FINANCIAL STATEMENTS AND TAX RETURNS. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. |
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