Mcdowell Chamber of Commerce

“The completed form 990, including all required schedules, is provided to the governing body electronically for review, commentary, and approval. Approval is electronically provided back to the executive director. Upon majority approval, the form 990 is submitted to the irs. The electronic vote is ratified at the next board meeting.”

“Monitoring and enforcement of the conflict of interest policy is provided by the executive committee and by board of directors action as needed. Proceedings are recorded in the meeting minutes. Officers and directors currently are required to sign the conflict of interest statement when service begins. All board members and staff are covered by the policy. Determination of conflict of interest is made by the executive committee and by board of directors review as needed and is recorded in the meeting minutes. Directors and officers of the board of directors and staff of the chamber who have a conflict of interest regarding a particular matter are expected to voluntarily abstain from deliberations and voting on decisions.”

“The executive committee of the board of directors conducts a mid-year and year-end evaluation for the executive director, determines if there is to be a merit increase for the upcoming year and then sends a recommendation to the full board for vote.”

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

“On july 8, 2020, the mcdowell chamber of commerce acquired the old fort chamber of commerce inc, a 501(c)(6) nonprofit, ein 58-1919042, in a merger transaction. All assets of the old fort chamber were transferred to the mcdowell chamber. These assets consisted of $11,903.39 in cash. No consideration was given by the mcdowell chamber to the old fort chamber for the merger. The entire transfer of $11,903.39 has been reported as an other change in net assets on form 990, part xi, reconciliation of net assets, line 9.”

“Merger with old fort chamber of commerce, inc 11,903.”