San Diego Regional Chamber Foundation

“The board of directors appoint the members of the governing body.”

“The audit committee reviews the return before it is filed with the irs.”

“The chamber's management council is responsible for monitoring the organization's written conflict of interest policy. Contracts and/or transactions that could give rise to a conflict of interest are reported to the management council by the chamber's senior management. If there is a potential conflict, the "potential party in interest" is removed from the deliberations and the management council makes a decision on the potential transaction based on its merits. Officers, directors, and key employees are required to disclose interests that could give rise to conflicts. Chamber senior management does bring potential financial conflicts of interest to the management council prior to any decisions being made, and any individuals with conflicts are required to withdraw from voting on the matter. With respect to public policy issues, officers, directors, and committee members are asked if they might be a party in interest to a particular public policy matter which might come before the chamber's board and for which the chamber may take a position. These individuals, if they are "conflicted", are asked to disclose the potential conflict and withdraw from voting on the matter.”

“The form 990, form 1023, and governing documents, such as conflict of interest policy, are available to the public upon request.”

“The organization does not have a formal written document retention and destruction policy. However, original corporate documents, employee records, tax returns, and annual audits are kept onsite for 7-10 years. All other documents are kept for at least 7 years onsite, and are later kept in an off-site storage facility, whereby the files can be retrieved within 24-48 hours.”

“Professional fees/contracted services: program service expenses 69,547. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,547.”

“The organization's processes for oversight of the audit of its financial statements and selection of an independent accountant have not changed from the previous year.”