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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt V, Line 4</FormAndLineReferenceDesc>
        <ExplanationTxt>The Chamber maintains an agency endowment fund held by the Grand Rapids Community Foundation. Under this agreement, the Chamber is entitled to spend 5% of the funds average fair market value over a period of 16 rolling quarters of the investments in perpetuity but has no right to the principal.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt X, Line 2</FormAndLineReferenceDesc>
        <ExplanationTxt>The Chamber is a not-for-profit organization exempt from federal income taxes under Section 501(c)(6) of the Internal Revenue Code. However, income from certain activities not directly related to the Organizations tax-exempt purpose is subject to taxation as unrelated business income. As of December 31, 2024, the years 2021 through 2023 remain subject to examination by major tax jurisdictions. The Organization has concluded that there are no significant uncertain tax positions requiring recognition in the financial statements.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other</FormAndLineReferenceDesc>
        <ExplanationTxt>Part I Line 1 - Creating opportunities for West Michigan and members to connect, grow, and succeed. To be the leading business membership organization in West Michigan by providing outstanding membership, advocacy, diversity, and community programming that promotes inclusion, prosperity and growth.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other</FormAndLineReferenceDesc>
        <ExplanationTxt>Part III Line 1 - Creating opportunities for West Michigan and members to connect, grow, and succeed. To be the leading business membership organization in West Michigan by providing outstanding membership, advocacy, diversity, and community programming that promotes inclusion, prosperity and growth.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>The 990 is reviewed by the CFO. Once the CFO agrees with the return, it is reviewed by the Board President and accepted. A draft is sent electronically to the Board Members for review. All reviews take place prior to filing the 990.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>All Directors and Officers sign a conflict of interest policy annually. This is reviewed by the Board President. The Board President has the power to remove any Board Member from voting on an issue where there could possibly be a conflict of interest. Generally, Board Members remove themselves from the voting process voluntarily.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Pt VI, Line 15a</FormAndLineReferenceDesc>
        <ExplanationTxt>The Organization has a compensation committee and the chair interviews the ELT (the CEOs direct reports) to discuss all aspects of the CEOs work. The committee reviews the compensation as compared to ACCE Salary Surveys, local and regional chamber surveys and local CEO salary comparables and makes recommendations for adjustment. The process is documented and placed in the payroll file.</ExplanationTxt>
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