Greater Rochester Chamber of Commerce Foundation Inc.

“The corporation's certificate of incorpration was amended to define the purposes of the organization as are now described in form 990 part iii, line 1. In addition, wording related to the geographic territory in which the organization operates was deleted, allowing the orgainzation to further its programmatic mission beyond the greater rochester, new york area and thereby include the finger lakes region of new york and/or other areas.”

“A copy of the final form 990 was provided electronically to the finance committee for their review and comment prior to filing with the irs.”

“A conflict of interest questionnaire is distributed annually to all directors and officers soliciting the disclosure of all conflicts of interest, including specific information concerning the terms of any contract or transaction with the corporation and whether the process for approval was used. A director shall disclose prior to voting on or otherwise discharging his/her duties with respect to any matter involving the conflict which comes before the board. The board shall approve only those contracts or transactions in which the terms are fair and reasonable to the corporation and the arrangements are consistent with the best interests of the corporation.”

“The related organization's executive committee (greater rochester chamber of commerce) reviews the ceo's compensation package annually, which was completed in april 2019.”

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“As described on line 4b of part iii, this year rief took part in the launch and administration of the roc2025 initiative, with the goal of convening charitable, educational, and business organizations in a powerful alliance to make greater rochester, new york one of the most dynamic and rapidly growing regional economies in the united states.”

“Consulting services ultimately resulting in launch of roc2025 initiative: program service expenses 392,177. Management and general expenses 0. Fundraising expenses 0. Total expenses 392,177.”

“The organization incurred no fundraising expense in 2019 as all fundraising activities were conducted by volunteers, whose time and efforts do not meet the criteria for recognition under generally accepted accounting principles.”