Chamber of Commerce For

“Director sharmain matlock-turner serves as a member of the peco board of directors where director michael innocenzo is president and ceo. Director william hankowsky serves on the board of citizens financial group, where director daniel fitzpatrick is an executive.”

“The form 990 was prepared by management and reviewed by the chamber's external accounting firm. A meeting of the audit committee was held to review the draft form 990. The form 990 was provided to the entire executive committee, the chamber's governing body, prior to filing.”

“The chamber's conflict of interest policy and questionnaire is administered to all members of its executive committee, the governing body, each year. The policy and questionnaire requires each executive committee member to disclose certain business relationships or family relationships between the executive committee member and another executive committee member or between the executive committee member and an officer or key employee of the chamber. It also requires each member to disclose if they or their family member are a director, officer or key employee of an organization with which the chamber conducted in excess of $100,000 of business during the year, to disclose any family member that receives any compensation, perquisites or benefits from the chamber and to report any allegiance or financial interest that they or any family member has that might present a conflict or appear to compete with the discharge of their duties and responsibilities to the chamber.”

“The chamber has an executive compensation committee comprised of five independent members of its executive committee. The executive compensation committee is responsible for overseeing the determination of the compensation, benefits and other remuneration of the chamber's ceo and the chamber's other senior officers. This committee determines the compensation of the ceo and reviews and approves the compensation of the other senior officers recommended by the ceo.”

“No documents are available to the public.”

“During fy24, the programs of the arts & business council were transferred to the nonprofit center at la salle university.”

“In fy24 there was no unrelated business revenue of $1,000 or more for digital or program book advertising as was earned in prior years.”

“Withdrawal from pact agreement -212,752.”

“No changes from the prior year”

“On december 29, 2023, the chamber entered into a withdrawal agreement with greater philadelphia alliance for capital and technologies (pact) to voluntarily withdrawal as the sole member of pact. Effective december 29, 2023, all membership, voting rights and interests in pact were terminated. As a result, the chamberrecorded a charge against net assets of $212,752. Form 990, part xi, line 9: fraction of cents”