| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE ORGANIZATION'S EXECUTIVE COMMITTEE IS COMPOSED OF THE PRESIDENT, PRESIDENT ELECT, PAST PRESIDENT, TREASURER, AND EXECUTIVE DIRECTOR. THIS COMMITTEE ACTS FOR AND ON BEHALF OF THE BOARD OF DIRECTORS WHEN THE BOARD IS NOT IN SESSION, BUT IS ACCOUNTABLE TO THE BOARD FOR ITS ACTIONS. THE COMMITTEE ALSO ASSISTS THE ADMINISTRATION IN THE ESTABLISHMENT OF AN ANNUAL BUDGET. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION ALLOWS AS MEMBERS ANY INDIVIDUAL, BUSINESS, FIRM, ASSOCIATION, CORPORATION, ORGANIZATION, PARTERNSHIP, OR ESTATE HAVING AN INTEREST IN THE OBJECTIVES AND MISSION OF EL DORADO CHAMBER OF COMMERCE. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF EL DORADO CHAMBER OF COMMERCE MAY ELECT BOARD MEMBERS. NOMINEES ARE SELECTED THROUGH THE NOMINATING COMMITTEE, MADE UP OF FIVE MEMBERS OF THE CHAMBER. NOMINEES ARE THEN VOTED ON, WITH EACH MEMBER IN GOOD STANDING ENTITLED TO ONE VOTE. FURTHER, MEMBERS IN GOOD STANDING ARE ENTITLED TO ONE VOTE IN ANY OTHER DECISIONS BY THE GOVERNING BODY REQUIRING A MEMBER VOTE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE EXECUTIVE COMMITTE REVIEWS THE FORM 990 AND PRESENTS THE FORM 990 TO THE ENTIRE BOARD FOR APPROVAL, PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, DIRECTORS, AND EMPLOYEES OF THE CHAMBER ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST TO THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS. WHEN A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL MUST EXCUSE THEMSELVES FROM VOTING OR TAKING ANY ACTION ON BEHALF OF THE ORGANIZATION REGARDING ANY MATTER INVOLVING THEIR INTERESTS. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION USING COMPARABILITY DATA FROM SIMILARLY SITUATED ORGANIZATIONS AND CONTEMPORANEOUSLY DOCUMENTS THEIR DECISION REGARDING THE COMPENSATION ARRANGEMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
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