Greater Sioux Falls Chamber

“The organization's members are comprised of any reputable business firm, individual, association, corporation, partnership, or estate having an interest in advancing and promoting the region's economic health and quality of life.”

“Five members of the organization are nominated to the board of directors each year to serve three year terms according to the chamber's bylaws. As provided by the bylaws, the current board chair annually appoints a board of directors nominating committee consisting of seven members for this purpose. When nominees are secured, chamber members are mailed a notice of the proposed nominees. When the formal notice period expires the nominees are ratified as duly elected by the board of directors.”

“The vice president finance and accounting of greater sioux falls chamber of commerce reviews the form 990 and compares the items on the return to the organization's records. A copy of the form 990 is then provided to each board member for review. The president of the organization then approves the return and authorizes the filing of the return with the taxing authorities.”

“Board members are required to sign a conflict of interest form.”

“Members of the greater sioux falls chamber of commerce executive committee meet to review compensation information for the chamber president/ceo position. Comaprative data is pulled from a combination of survey data from association of chamber of commerce executives and mid-america chamber executives for similar size chambers of commerce. The following criteria are taken into account for determining a competitive compensation package for the president/ceo position: 1) membership size and growth trends, 2) financial health of the chamber and performance compared to budget, 3) progress toward, or completion of, programmatic objectives of the chamber, 4) engagement with the community, and 5) comparison to other communities of chamber executive compensation in peer cities. Compensation levels for other key employees and staff levels are discussed and reviewed between the chamber president/ceo and chair of the chamber and salary changes are made throughout the fiscal year.”

“Financial statements, conflict of interest and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

“As the leading business advocate for the area, the greater sioux falls chamber of commerce represents its members by building consensus and creating strategies that advance and promote economic health and quality of life in the region.”

“Equity in revenue less expenses -68,938”