SCHEDULE O
(Form 990)

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.
MediumBullet Attach to Form 990 or 990-EZ.
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OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
LAKE PLACID CHAMBER OF COMMERCE
INC
Employer identification number

14-1354120
Return Reference Explanation
FORM 990 - ORGANIZATION'S MISSION LAKE PLACID CHAMBER OF COMMERCE, INC. DBA "THE REGIONAL OFFICE OF SUSTAINABLE TOURISM / LAKE PLACID CVB" IS THE DESTINATION PLANNING AND MARKETING ORGANIZATION FOR ESSEX COUNTY, FRANKLIN COUNTY, HAMILTON COUNTY, AND THE TRI-LAKES REGION INCLUDING LAKE PLACID, LEADING ECONOMIC GROWTH THROUGH TOURISM.
FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS PAY ANNUAL MEMBERSHIP DUES TO HELP SUPPORT THE ORGANIZATION'S MISSION.
FORM 990, PAGE 6, PART VI, LINE 7A RECOMMENDATIONS FOR SEATS ON THE BOARD ARE SUBMITTED BY THE BOARD AND THE GENERAL MEMBERSHIP. THE BOARD SELECTS CANDIDATES BASED ON THESE RECOMMENDATIONS.
FORM 990, PAGE 6, PART VI, LINE 7B CHANGES TO THE BY-LAWS NEED TO BE APPROVED BY THE BOARD AND COMMUNICATED TO THE MEMBERSHIP.
FORM 990, PAGE 6, PART VI, LINE 8B SUBSIDIARY COMMITTEES REPORT THE RESULTS OF THEIR MEETINGS AT BI-MONTHLY BOARD MEETINGS. THE RESULTS AND ACTIONS ARE DOCUMENTED IN THE MONTHLY BOARD MEETING MINUTES.
FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 WAS REVIEWED BY THE EXECUTIVE COMMITTEE & EMAILED TO THE BOARD FOR THEIR REVIEW PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST COMPLIANCE STATEMENT UPON JOINING THE BOARD.
FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION POLICIES OF COMPARABLE NOT-FOR-PROFIT ORGANIZATIONS ARE REVIEWED BY THE EXECUTIVE COMMITTEE WHO REPORT BACK TO THE BOARD ON THEIR FINDINGS. THE EXECUTIVE COMMITTEE MAKES RECOMENDATIONS ABOUT THE COMPENSATION POLICY. THE FULL BOARD DETERMINES THE PRESIDENT'S COMPENSATION.
FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT DETERMINES COMPENSATION FOR OTHER EMPLOYEES, SUBJECT TO APPROVAL OF COMPENSATION POLICY AND BUDGET BY THE BOARD
FORM 990, PAGE 6, PART VI, LINE 19 MEMBERS ARE ENTITLED TO EXAMINE THE BY-LAWS, CONFLICT OF INTEREST POLICY, & ANNUAL FINANCIAL STATEMENTS.
FORM 990, PAGE 12, PART XII, LINE 2C THE ORGANIZATION'S OVERSIGHT OF THE AUDIT PROCESS AND SELECTION OF AUDITORS HAS NOT CHANGED SINCE PRIOR YEAR.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021


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