TY 2016 Form 990 Schedule O

efile Public Visual Render ObjectId: 201702419349300535 - Submission: 2017-08-29 TIN: 05-0190960

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2016

Open to Public
Inspection

Name of the organization

NEWPORT COUNTY CHAMBER OF COMMERCE

Employer identification number

05-0190960

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE MEMBERS OF THE NEWPORT COUNTY CHAMBER OF COMMERCE ARE BUSINESSES LOCATED IN NEWPORT COUNTY, RI. THEY DO NOT ELECT THE BOARD OF DIRECTORS, APPROVE DECISIONS OF THE BOARD OF DIRECTORS, OR RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES OR SHARE OF THE ORGANIZATION'S NET ASSETS UPON DISSOLUTION.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PREPARED BY THE ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT. REVISIONS, CORRECTIONS, ETC ARE MADE AS NECESSARY. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND A COPY IS SENT TO ALL BOARD MEMBERS. NO REVIEW WAS OR WILL BE CONDUCTED BY THE BOARD.
FORM 990, PART VI, SECTION B, LINE 12	ANNUALLY THE BOARD CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE EXECUTIVE DIRECTOR. THE REVIEW ALSO ESTABLISHES THE INDIVIDUAL'S COMPENSATION FOR THE FOLLOWING YEAR. THIS PROCESS INVOLVES THE EVALUATION OF THE INDIVIDUAL, AND A REVIEW OF COMPENSATION OF COMPARABLE POSITIONS OBTAINED FROM THE 990 OF SIMILAR ORGANIZATIONS. THE BOARD'S DELIBERATION AND DECISION IS NOTED IN THE MINUTES OF THE MEETING.
FORM 990, PART VI, SECTION B, LINE 15	THE EXECUTIVE DIRECTOR ESTABLISHES THE COMPENSATION OF THE SENIOR MANAGEMENT TEAM AND REVIEWS THE PERFORMANCE EVALUATIONS AND RECOMMENDED COMPENSATION WITH THE BOARD. THE EVALUATIONS AND COMPENSATION ARE DISCUSSED BY THE BOARD ALTHOUGH NO VOTE OF APPROVAL OF THE EXECUTIVE DIRECTOR'S DECISION IS REQUIRED.
FORM 990, PART VI, SECTION C, LINE 19	THE NEWPORT COUNTY CHAMBER OF COMMERCE BY-LAWS REQUIRE THAT CHAMBER ANNUAL OPERATIONS, FINANCIAL STATEMENTS AND PROGRAM OF WORK BE MADE AVAILABLE FOR ALL MEMBERS DURING ANNUAL MEMBERS MEETING AND AT ANY TIME UPON MEMBER REQUEST.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 6

THE MEMBERS OF THE NEWPORT COUNTY CHAMBER OF COMMERCE ARE BUSINESSES LOCATED IN NEWPORT COUNTY, RI. THEY DO NOT ELECT THE BOARD OF DIRECTORS, APPROVE DECISIONS OF THE BOARD OF DIRECTORS, OR RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES OR SHARE OF THE ORGANIZATION'S NET ASSETS UPON DISSOLUTION.

FORM 990, PART VI, SECTION B, LINE 11B

THE FORM 990 IS PREPARED BY THE ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT. REVISIONS, CORRECTIONS, ETC ARE MADE AS NECESSARY. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND A COPY IS SENT TO ALL BOARD MEMBERS. NO REVIEW WAS OR WILL BE CONDUCTED BY THE BOARD.

FORM 990, PART VI, SECTION B, LINE 12

ANNUALLY THE BOARD CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE EXECUTIVE DIRECTOR. THE REVIEW ALSO ESTABLISHES THE INDIVIDUAL'S COMPENSATION FOR THE FOLLOWING YEAR. THIS PROCESS INVOLVES THE EVALUATION OF THE INDIVIDUAL, AND A REVIEW OF COMPENSATION OF COMPARABLE POSITIONS OBTAINED FROM THE 990 OF SIMILAR ORGANIZATIONS. THE BOARD'S DELIBERATION AND DECISION IS NOTED IN THE MINUTES OF THE MEETING.

FORM 990, PART VI, SECTION B, LINE 15

THE EXECUTIVE DIRECTOR ESTABLISHES THE COMPENSATION OF THE SENIOR MANAGEMENT TEAM AND REVIEWS THE PERFORMANCE EVALUATIONS AND RECOMMENDED COMPENSATION WITH THE BOARD. THE EVALUATIONS AND COMPENSATION ARE DISCUSSED BY THE BOARD ALTHOUGH NO VOTE OF APPROVAL OF THE EXECUTIVE DIRECTOR'S DECISION IS REQUIRED.

FORM 990, PART VI, SECTION C, LINE 19

THE NEWPORT COUNTY CHAMBER OF COMMERCE BY-LAWS REQUIRE THAT CHAMBER ANNUAL OPERATIONS, FINANCIAL STATEMENTS AND PROGRAM OF WORK BE MADE AVAILABLE FOR ALL MEMBERS DURING ANNUAL MEMBERS MEETING AND AT ANY TIME UPON MEMBER REQUEST.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2016

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