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. |
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CHANGES TO THE BY-LAWS NEED TO BE APPROVED BY THE BOARD AND COMMUNICATED TO THE MEMBERSHIP. |
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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. |
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FORM 990 WAS REVIEWED BY THE EXECUTIVE COMMITTEE & EMAILED TO THE BOARD FOR THEIR REVIEW PRIOR TO FILING. |
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BOARD MEMBERS AND OFFICERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST COMPLIANCE STATEMENT UPON JOINING THE BOARD. |
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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. |
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THE PRESIDENT DETERMINES COMPENSATION FOR OTHER EMPLOYEES, SUBJECT TO APPROVAL OF COMPENSATION POLICY AND BUDGET BY THE BOARD |
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MEMBERS ARE ENTITLED TO EXAMINE THE BY-LAWS, CONFLICT OF INTEREST POLICY, & ANNUAL FINANCIAL STATEMENTS. |
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THE ORGANIZATION'S OVERSIGHT OF THE AUDIT PROCESS AND SELECTION OF AUDITORS HAS NOT CHANGED SINCE PRIOR YEAR. |