New Castle County Chamber Of

“Executive committee: the chamber shall have an executive committee whose primary functions are finance/budget, long range strategic planning and personnel. The executive committee shall also have the responsibility for negotiating the terms of employment, including compensation, with the chamber's president. The executive committee shall be a committee of the board and shall consist of the chair of the board, vice chairs, treasurer, and up to five (5) members at large who will serve at the pleasure of the chairperson. In no case shall the number of people serving on the executive committee exceed nine (9), not including the president, who serves ex officio. Except to the extent prohibited or limited by section 6.1 above or by resolution of the board of directors, the executive committee may exercise the authority of the board of directors at such times as the board is not in session.”

“The form 990 is prepared by an independent accounting firm and then reviewed by the board of directors. Once approved by the board of directors, the independent accounting firm proceeds to file the 990.”

“The board of directors and management are required to annually disclose any conflicts of interest by signing the organization's conflict of interest statement which requires a description of all potential conflicts.”

“The determination of the compensation of the president of the new castle county chamber of commerce was determined by the compensation committee of the board of directors. This review included many factors, one of which was a detailed comparability study of similar positions within the surrounding area. This was last completed in 2024.”

“The organization does not publish its governing documents publicly. However, the organization would allow its members and the public to review certain documents upon written request. Form 990 is also available on guidestar.org.”