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.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
COMMONWEALTH PARTNERS CHAMBER OF
ENTREPRENEURS INC
Employer identification number

81-1538540
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES ROB SHEARER AND DEBORAH SHEARER ARE HUSBAND AND WIFE.
FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S BOARD OF TRUSTEES PRIOR TO SIGNATURE AND FILING.
FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS INTERESTED PERSONS, INCLUDING OFFICERS, TRUSTEES, OR MEMBERS OF A COMMITTEE THAT HAVE A DIRECT OR INDIRECT FINANCIAL INTEREST. THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF A CONFLICT OF INTEREST AND ALL MATERIAL FACTS TO THE BOARD OF TRUSTEES OR MEMBERS OF A COMMITTEE CONSIDERING THE PROPOSED TRANSACTION ARRANGEMENT. THE BOARD OR COMMITTEE THEN DECIDES WHETHER A CONFLICT OF INTEREST EXISTS. IN THE EVENT THE BOARD OR COMMITTEE DETERMINES A CONFLICT OF INTEREST EXISTS, APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION WILL BE TAKEN TO ELIMINATE THE CONFLICT.
FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES STRIVES TO ENSURE A GENERALLY COMPETITIVE AND INDUSTRY-COMPARABLE SALARY AND BENEFITS PACKAGE FOR THE PRESIDENT & CEO. THE BOARD DETERMINES THE COMPENSATION OF THE PRESIDENT & CEO BY CONDUCTING A SALARY REVIEW OF SIMILAR POSITIONS OF ORGANIZATIONS SIMILAR TO COMMONWEALTH PARTNERS AND COMPENSATION THAT IS SET BASED ON THE BOARD'S SALARY REVIEW.
FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY, UPON REQUEST.
FORM 990, PART IX, LINE 11G PROFESSIONAL FEES 953,097.
FORM 990, LINE 2C C
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021


Additional Data


Software ID:  
Software Version: