Greater Phoenix Chamber Foundation

“Gpcf's single member is greater phoenix chamber of commerce (ein 86-0046963), which is tax-exempt pursuant to section 501(c)(6) of the internal revenue code.”

“As the single member, greater phoenix chamber of commerce shall approve the elected directors of gpcf and fulfill all duties as may be required under the bylaws, the articles, and the act. Unless provided otherwise, the member will act through its board of directors. No stock or other evidence of ownership of an interest in gpcf shall be issued by this foundation and no pecuniary profit shall be paid to its member.”

“As the single member, greater phoenix chamber of commerce shall approve the elected directors of gpcf and fulfill all duties as may be required under the bylaws, the articles, and the act. Unless provided otherwise, the member will act through its board of directors. No stock or other evidence of ownership of an interest in gpcf shall be issued by this foundation and no pecuniary profit shall be paid to its member.”

“The draft federal form 990 is reviewed by the vice president of finance & operations and gpcf's board of directors prior to filing with the internal revenue service.”

“Legal counsel distributes the conflict of interest policies every june and reviews the submitted annual statements before turning them over to gpcf staff. The staff files these statements in the permanent records. The chambers conflict of interest policy covers directors, officers and members of committees with board delegated powers. All covered persons have a duty to disclose any actual or possible conflict of interest to the directors or other committee members. In the event of a conflict, the board or committee will meet, discuss and vote upon the transaction or arrangement. The interested person may participate in the discussions on the matter but is prohibited from voting on the matter. The minutes of the board and committee meetings document all disclosures of substantial interests by covered persons.”

“The greater phoenix chamber of commerce hr committee approves the salary and bonuses for the ceo and cio. The compensation committee is charged with oversight of executive compensation. The compensation committee, in consultation with the board chair, establishes performance metrics for the ceo. Following the close of the year, the compensation committee reviews the result to determine the overall level of performance. A third-party compensation consultant is engaged to review market compensation for the ceo and key management employees. The compensation committee proposes changes in compensation for the ceo based on performance outcomes to the board chair for approval by the executive committee. Any increases in compensation for key management staff are proposed by the ceo and approved by the compensation committee.”

“The governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Gpcf launched connect to work az in may 2023 to support its existing workforce collaboratives and expand its impact on workforce development.”

“Gpcf ceased conducting the azcareersnow initiative, which was integrated into connect to work az.”

“Write-off of prior pledges -52,500.”

“The process has not changed from the prior year.”