Arizona Chamber Foundation

“The organization pays arizona chamber of commerce and industry for providing management services.”

“The form 990 is reviewed and approved by a finance committee of the board of directors and the ceo before submitting to the internal revenue service.”

“The organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.”

“At this time the organization does not have compensation for anyone, however if in the future this changes, the organization's process for determining compensation will include a review and approval by independent persons, comparability data, and recording of the discussion and the decision.”

“The organization will make their application for recognition of exemption and annual information returns available upon request without charge except for a nominal fee for reproduction and actual postage costs. Annual information returns will be available for three years after filing.”

“If the governing documents and conflict of interest policy of the organization are subject to federal or state public disclosure rules, these documents will be made publicly available as applicable law may require. Otherwise, the governing documents and conflict of interest policy will be provided to the public at the discretion of management.”

“In may, 2020, a for arizona became an independent 501(c)(3) organization. In the future, any expenses for this organization will be considered grants.”

“Writing: program service expenses 22,590. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,590. Business consulting: program service expenses 192,991. Management and general expenses 115,036. Fundraising expenses 110,021. Total expenses 418,048.”

“Bad debt from prior year -5,250.”