Sauk Valley Area Chamber of Commerce

“Executive committee has authority to make select decisions without full board involvement.”

“The organization has members that pay a membership investment to be a part of the chamber of commerce and to help promote and enhance the sauk valley community.”

“Annually, chamber members approve a slate of candidates for open board director seats.”

“Executive committee has authority to make select decisions without full board involvement.”

“The form 990 is provided to the executive committee who reviews the form 990 before it is filed.”

“The organization annually reviews the process.”

“The organization staff are subject to annual performance reviews as well as semi-annual progress meetings. Executive committee reviews all payroll expenses and the board then votes on the recommendation of the executive committee.”

“A binder with relevant documents is kept at the office and updated monthly.”

“All documents can be viewed upon request during normal business hours.”

“To enhance the economic climate and the quality of life in the sauk valley area. To promote business and civic growth and to retain the free enterprise system.”

“Repairs and maintenance: program service expenses 1,571. Management and general expenses 714. Fundraising expenses 0. Total expenses 2,285. Professional development: program service expenses 0. Management and general expenses 471. Fundraising expenses 0. Total expenses 471.”

“The chamber prepares its financial statements using the modified cash basis of accounting. Under this method, revenues are recorded when received and expenses when paid. However, the statements also include investments at fair value, related investment income, depreciation of long-lived assets, and long-term liabilities. Accruals such as receivables, payables, and deferred items are not included.”