Association of Chamber of Commerce Executives Foundation

“Cgef 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 cmte. Approves the draft 990, it will be sent to ec and they will approve prior to filing. Under these by-laws, the executive committee may approve any action on behalf of the board. 3.once executive committee reviews and approves, cgef will post the 990 on our boardsite for the remaining board to cgefss for at least one week. 4.we will send out an email to the cgef board members letting them know that our 990 will be available on the cgef boardsite.”

“Members of the board of directors, officers, and volunteers of the community growth educational foundation("cgef") must act at all times in the best interests of cgef. 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 bod 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).”

“Community growth educational foundation does not compensate anyone shown in part vii of the form 990 or schedule j, part ii. The compensation shown in these sections is paid by association of chamber of commerce executives, inc, the organization's related organization. Community growth educational foundation relies on the compensation determination methodology of association of chamber of commerce executives. The following is the compensation methodology used by association of chamber of commerce executives: we have an outside consultant that does an extensive comparison. We notify the consultant when we need the analysis (annually) and she provides the data collected. That information is shared with our "ceo compensation committee and their determination is passed down to our cfo and director, administration (for payroll purposes).”

“Consulting: program service expenses 520,635. Management and general expenses 0. Fundraising expenses 0. Total expenses 520,635.”

“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.”