North Dallas Chamber of Commerce

“The members comprise local business owners, employees, and community organizers.”

“The organization's members can nominate and elect members to the governing board. The board members and committee heads typically change annually to encourage participation and input from a diverse group of members of the community.”

“Some decisions such as programs that may be instituted are suggested and voted on by members of the organization and then approved by the governing board.”

“Audited financial reports are prepared annually by outside certified public accountants and are reviewed and approved by the board of directors. Form 990 is prepared based on these approved audited financial reports. The 990 is reviewed and approved by employees who are charged by the board of directors with the responsibility for the tax return filing.”

“Members of the north dallas chamber of commerce board of directors are committed to operating in a manner consistent with the charitable purposes of the organization and to not engage in activities that could jeopardize its tax-exempt status. Toward that purpose, the organization is consistently working to ensure that integrity and fairness are at the core of their business relationships and business transactions.”

“The salaries and employee incentive plans are developed and approved by the executive committee members. The incentive plan is to motivate and recognize chamber leadership's achievements as well as individual staff achievements. The actual payment of an incentive is at the discretion of the executive committee in consultation with the president and ceo based on the overall financial results for the chamber. The executive committee determines if an incentive should be paid and the aggregate amount in any given year. The president and ceo will be responsible for the allocation of any incentive for staff. The executive committee will make the incentive determination for the president and ceo.”

“All documents concerning the organizations are available upon request or by personal conversation with members of the organization.”

“Accounting method used to prepare form 990: modified cash basis of accounting”

“The process of the governing board reviewing the audited financials has not changed from prior year.”