| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section B, line 11b | The Worthington Area Chamber of Commerce and CEO contracted with an independent CPA firm (Whalen CPAs) for preparation of the Forms 990 and 990-T. Prior to filing the forms, the Executive Director discusses highlights of the return with the executive committee of the board (chair, chair-elect, and treasurer). The return is available to the entire board upon request to the Treasurer. |
| Form 990, Part VI, Section B, line 15a | The Executive Committee obtains comparable salary data from industry organizations including the Central Ohio Chambers of Commerce, the American Chamber of Commerce Executives, and the Chamber of Commerce Executives of Ohio to establish the appropriateness of salary ranges for the Executive Director and other staff employees. Salaries are reviewed on an annual basis. The annual budgeting process includes documentation of the Executive Committee approval for the Executive Director's compensation and the employment contract. |
| Form 990, Part VI, Section C, line 19 | The Organization shares a financial summary with the general membership at the annual meeting each February. The bylaws governing the operations of the Organization are made available to members on request. The Organization adopted a written policy regarding conflicts of interest by Board Trustees in 2009 and updates the policy annually. The Nominating and Executive Committees are charged with monitoring the qualifications of Board Members. The Executive Committee monitors the qualifications and performance of the Executive Director and monitors the Executive Director's hiring and performance reviews of all organizational staff. Meetings are held at least monthly to provide the opportunity to address potential conflicts. |
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