Minneapolis Regional Chamber of Commerce

“Executive committee is made up of officers and other members of the board.”

“Members consist of businesses in the minneapolis regional area; board member's companies are required to be members of the minneapolis regional chamber of commerce.”

“Form 990 and 990t are prepared by an independent accounting firm and are reviewed by the finance committee. Copies are provided to the board of directors before filing.”

“The conflict of interest policy covers directors, officers and employees of the organization. Each responsible person must review the policy and annually complete a disclosure for identifying any relationships, positions or circumstances in which the responsible person is involved that he or she believes could contribute to a conflict of interest arising. Any such information regarding a business interest is generally made available to the chair, the president, executive director and any committee appointment to address conflicts of interest, except to the extent additional disclosure is necessary in connection with the implementation of this policy. A person who has a conflict of interest shall not participate in discussions of the matter except to disclose material facts and to respond to questions. The person having a conflict of interest may not vote on the contract or transaction and shall not be present in the meeting room when the vote is taken, unless the vote is a secret ballot. Proceedings related to conflicts of interest are documented in the meeting minutes.”

“Comparable survey data from nonprofit organizations, u.s. Chamber of commerce, and other association market data is provided to the executive committee to review and approve for officer's compensation. A review and approval of the total compensation package for the president & ceo was conducted by the executive committee. At that time the salary surveys listed above were used. The president & ceo is the only employee that has a compensation review by the executive committee. The process described here was last completed in 2024.”

“The organization makes its governing documents and conflict of interest policy available upon request. The organization does not make its financial statements available to the public.”