Association of Chamber of Commerce Executives Foundation

“ACCE FND. uses the following process to review the form 990: 1. Upon completion by staff and audit preparation firm, our finance Committee will review the draft of the 990. 2. Once the finance Committee approves the draft 990, it will be sent to Executive Committee and they will approve prior to filing. Under these bylaws, the Executive Committee may approve any action on behalf of the Board. 3. Once Executive Committee reviews and approves, ACCE FND will post the 990 on our boardsite for the remaining Board to ACCE FND for at least one week. 4. An email is sent to the ACCE FND board members letting them know that the 990 will be available on the ACCE FND boardsite.”

“Members of the Board of Directors, Officers, and Volunteers of the ACCE Foundation must act at all times in the best interests of ACCE Foundation. Members of the Board, Officers, and Volunteers shall disclose all potential and actual conflicts of interest to the Board of Directors and, as required, remove themselves from all discussion and voting on any related matter. Conflict of interest forms will be distributed and signed annually at the spring Board of Directors meeting.”

“Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

“Lumina - the purpose of this project is to bring together chambers of Commerce, community colleges and community-based organizations that directly represent communities of color to develop and drive the growth of credentialing and degree programs in their regions with the ultimate goal of placing low-income workers, particularly bipoc workers, in well-paid jobs with opportunities for career advancement. This grant will support up to eight partnerships between local or regional Chambers of Commerce and community colleges to expand employment-aligned credential attainment for adults of color. Kresge - the purpose of this project is to mobilize collective action to connect urban higher education ecosystem community stakeholders to Improve postsecondary success and talent development aligned to regional business needs and to implement professional development throughout the network to elevate the value and potential for urban higher education ecosystems as an economic recovery tool in the wake of Covid-19. Ascendium - support ACCEF in working with up to 12 rural chambers of Commerce to learn how to bring local community partners together to provide rural learners and workers from low-income backgrounds with the training needed to access well-paying high-demand job.”

“SubContract : Program service expenses 388,853. Management and general expenses 29,541. Fundraising expenses 0. Total expenses 418,394. Subgrant: Program service expenses 88,293. Management and general expenses 6,707. Fundraising expenses 0. Total expenses 95,000. Consulting Fees: Program service expenses 33,923. Management and general expenses 2,577. Fundraising expenses 0. Total expenses 36,500. Speaker Fees: Program service expenses 11,617. Management and general expenses 883. Fundraising expenses 0. Total expenses 12,500.”

“The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years”