Encino Chamber of Commerce

“COMMON STOCK”

“The board of directors of the encino chamber of commerce are elected by the members.”

“Governance decisions of the organization are reserved to and subject to approval by the board of directors.”

“The return is reviewed in detail with the finance committee of the board together with the chief executive officer. The finance committee reports to the executive committee of the board, which consists of the officers of the organization and two at large board members, which approves the return for filing.”

“The organization has an annual board retreat where the policies under the conflict of interest policy are reviewed and the policy passed out to each director with the requirements for disclosure. Each director signs a form indicating they are in compliance with the requirements of the organization's policies.”

“The compensation of the chief executive officer is reviewed by the corporate governance committee, which reviews performance and compensation on a quarterly basis and reports its findings and recommendations to the executive committee of the board. The executive committee makes the final determination regarding compensation. There are no other corporate officers that are compensated.”

“The form 990 is filed with the state of california and becomes a document of public record. Copies of all organizational documents and tax returns are maintained at the chamber's business office and are available for inspection upon request.”

“Automobile expense: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,400. Credit card fees: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,092. Payroll service: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,305. Printing and publications: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,269. Taxes & licenses: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,225. Membership expense: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 984. Internet expenses: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 883. Repairs & maintenance: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 813. Postage and shipping: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 549. Outside services: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 350. Dues & subscriptions: program service expenses 0. Management and general expenses 0. Fundraising expenses 0. Total expenses 280.”