Marshall Chamber of Commerce

“The chamber of commerce is a membership organization. One third of the board directors are replaced each year by new board members elected for a three year term by the general membership of the organization. Through the elected directors, the membership has the opportunity to express approval or disapproval of decisions made.”

“SEE EXPLANATION CODE 5”

“SEE EXPLANATION CODE 5”

“Traditionally a copy of the form 990 has not been presented to the full board of directors. The board will be asked if they wish to review the return prior to filing.”

“To date the organization has not had any reuqests for form 1024 application for exemt status. Every effort will be made to secure a copy and provide it if asked though currently a copy is not available.”

“To date, the organization has not had any requests for governing documents, tax returns, or financial statements. Should any such requests be made, copies would be provided promptly.”

“The organization reports its revenue and expenses based on program year. Dues or project revenues received at the end of the fiscal year for a future year are not included in income until the program year. Dues or project revenues received at the end of the preceding year for the current year have been included in income in the current year. This permits a better tracking of income and expenses for planning and review purposes.”