Select Cobb Inc.

“After a draft version of the form 990 has been prepared, the draft is sent to the executive committee for initial approval. Once approved, the draft version of the form 990 is made available to the board of trustees which have the opportunity to review the draft version prior to notifying the preparer to prepare the final version that will be signed and filed.”

“Upon election of a person to the board of trustees, the organization shall review the board to not be less than 51% of the same representatives on both Select Cobb and Chamber board of directors. The organization does not actively investigate conflicts of interest, but does act appropriately when a conflict is identified by any member of the organization.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Description of Organization Mission: institutions as well as targeted economic development and growth initiatives. FORM 990, PART I, LINE 5 SELECT COBB, INC. DOES NOT HAVE ANY EMPLOYEES. THE ORGANIZATION UTILIZES 1 FULL-TIME EQUIVALENT EMPLOYEE OF THE COBB COUNTY CHAMBER OF COMMERCE. FORM 990, PART III, LINE 2 In the current year, the organization is reporting program revenue for administration of relief provisions made available to businesses in Cobb County in response to the COVID-19 pandemic. The Organization entered into a Memorandum of Understanding ("MOU") with the Cobb County Board of Commissioners (the "County") to administer emergency funding of up to $50,000,000 to be used to assist locally owned and operated small businesses adversely affected by COVID-19. In exchange for administering the funding, the Organization received $500,000 as a fee for service for administering funding totaling $48,257,350 during 2020. FORM 990, PART V, LINE 2A SELECT COBB, INC. DOES NOT HAVE ANY EMPLOYEES. THE ORGANIZATION UTILIZES 1 FULL-TIME EQUIVALENT EMPLOYEE OF THE COBB COUNTY CHAMBER OF COMMERCE. THE COBB COUNTY CHAMBER OF COMMERCE FILES ALL REQUIRED FEDERAL EMPLOYEMENT TAX RETURNS.”

“Amortization of In-kind pledge for donated services received over 5-year period.”

“Description:consulting total fees:143595”

“Description:relief grant app. Review total fees:227190”