| Return Reference | Explanation |
|---|---|
| Form 990, Part IV Question 12 | The Chamber of Commerce of the USA is the parent organization in the audited consolidated financial statements of the Chamber of Commerce of the USA. Schedule R lists additional related organizations included in these consolidated financial statements. |
| Form 990 Part V Item 1a | Number reported on 1099 Chamber of Commerce of the USA is part of a consolidated treasury function with affiliated organizations. The Chamber of Commerce of the USA handles these consolidated payments. The number in box 1a relates to the 1099s that the Chamber of Commerce of the USA would have issued without participating in a consolidated treasury function. |
| Form 990 Part V Item 2a | Number reported on W-3 The Chamber of Commerce of the USA is part of a consolidated payroll function with affiliated organizations. The Chamber of Commerce of the USA controls the payments of wages as a section 3401(d) statutory employer for the employees of affiliated entities. The number in Box 2a is the number of employees that the Chamber of Commerce of the USA would have reported on Form W-3 without participating in a consolidated payroll function |
| Form 990, Part VI, Section A, line 2 | Suzanne Clark has a business relationship with Roger Batkin and Heather Russell as a member of the boards of directors at their respective employers. |
| Form 990, Part VI, Section B, line 11b | In accordance with the Audit Committee charter, the draft Form 990 was provided in advance to the Audit Committee members, and reviewed individually with each member prior to filing. The Audit Committee performs this function pursuant to a delegation from the Board of Directors. The board receives the most recently completed tax return at the next regularly scheduled meeting. The 990 is reviewed by an independent accounting firm. |
| Form 990, Part VI, Section B, line 12c | The Chamber of Commerce of the USA requires employees to follow and on an annual basis review and attest that they will follow the Employee Standards of Conduct and Corporate Accountability Policy, which requires employees to: (i) identify and immediately disclose to supervisors, a senior member of Human Resources, or the General Counsel's office, potential conflicts of interest and act to avoid the conflict; (ii) immediately refrain from using personal influence to encourage the Chamber of Commerce of the USA to enter into a transaction in which there is a conflict of interest; and (iii) immediately excuse themselves from participating in any discussions regarding such transactions with directors, officers, and employees of the Chamber of Commerce of the USA. The Code of Ethics for the Board of Directors of the Chamber of Commerce of the USA requires directors to: (i) avoid participating in decisions where their personal, business or organizational interests may create actual or apparent conflicts of interest; and (ii) immediately disclose to the General Counsel's office the existence and material facts of any transaction, relationship or circumstance that he or she reasonably believes could give rise to an actual or apparent conflict of interest. In addition, the Chamber of Commerce of the USA issues an annual written questionnaire to all members of the board of directors, officers and key employees asking for information on potential conflicts of interest, which are evaluated by the General Counsel's office in consultation with other senior management and employees, as appropriate. Any conflicts of interest are resolved in accordance with the Chamber of Commerce of the USA's conflicts of interest policies. |
| Form 990, Part VI, Section B, line 15 | Part VI Question 15a: The process for determining the total compensation of the President and CEO is as follows: The President and CEO has a written employment agreement with the Chamber of Commerce of the USA. Total compensation is reviewed annually by an independent compensation consultant. The consultant prepares a compensation study primarily utilizing, as available, Forms 990 and surveys of comparable organizations with similar positions. Based on this information, total compensation is determined by the Chamber of Commerce of the USA's Talent and Compensation Committee on an annual basis. Part VI Question 15b: The process for determining total compensation for the officers and key employees is as follows: Total compensation for individuals reporting to the President and CEO is reviewed annually by an independent compensation consultant. The consultant prepares a compensation study primarily utilizing, as available, Forms 990 and surveys of comparable organizations with similar positions. Based on this information, total compensation is determined by the Chamber of Commerce of the USA's Talent and Compensation Committee on an annual basis. Compensation for other individuals is determined utilizing market data, and approved by their supervisor and the Chief Human Resources Officer. |
| Form 990, Part VI, Section C, line 19 | The Form 990 is made available to any member of the public who requests a copy. Any requestor is forwarded to the Administrative Director of Finance of the Chamber of Commerce of the USA, who will forward a copy of the document to the requestor. The organization's governing documents, conflict of interest policy, and financial statements are not made available to the public. |
| Form 990, Part IX, line 11g | Policy and business consultants 23946983. Temp Salaries and recruiting costs 2725043. Media consultants 549767. Other 194176. |
| Form 990, Part XI, line 9: | Minimum Pension Reserve Liability Adjustment 5849687. Minimum Post Retirement Reserve Liability Adjustment -834131. USIBC Global Private Ltd Results (Separate foreign corporation) 77746. |
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