Mustang Chamber of Commerce

“Members are voted on each year and continue members as long as they are willing to comply with the by-laws of the corporation.”

“By majority vote of the members present at any annual or special meeting, membership shall be granted to individuals on a yearly basis. Membership may be continued from year to year as long as the individual continues his or her interest in the mustang chamber of commerce program.”

“The governing body makes all the decisions for the non profit during the year. It makes up of the officers and members held in compliance with the by-laws”

“At each membership meeting, each member shall be entitled to vote in person or by written proxy signed by the member giving the proxy and being dated less that 1 year prior to the meeting, unless the proxy provides for a longer period of time. All elections, decisions and business shall be transacted by majority vote of the quorum.”

“All voting members recieve a copy of the form 990 upon completion. They are given time to review the return and/or ask questions before the treasurer e-files the return.”

“The corporation has a conflict of interest policy that is enforced and annually given to the board to read, review and comply with. To ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted.”

“In december the board convenes to discuss the next years compensation for the director (key employee) and the office employee. The compensation is voted by majority with a quorum as set by the by-laws of the corporation.”

“In december the board convenes to discuss the next years compensation for the director (key employee) and the office employee. The compensation is voted by majority with a quorum as set by the by-laws of the corporation.”

“Documents will be provided upon request.”

“The mustang chamber of commerce has previously published the annual directory in house. In 2018, the chamberoutsourced the directory, therefore the revenue before expenses is down but the net profit of the directory remains about the same.”

“ROUNDING 1”

“Automobile expenses $ 2386credit card expenses 1805other expenses 154computer & software 2030dues & fees 2537repairs 4073meals 474promotional awards 200other taxes 47telephone 3403website 1231total $18340”

“Part iii primary purpose: the purpose of the organization is the advancement of the civic, commerical, industrial and agricultural interests of the city of mustang and the surrounding area; the promotion of the general welfare and the prosperity of the city, county and its surrounding area, and the stimulation of public sentiment on these ends;and the providing of such social features as will promote these purposes. Part v regarding transfers associated with personal benefit contracts: a) did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract no b) did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract no”