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        <ReturnReference>PART I, LINE 1A</ReturnReference>
        <Explanation>WALTER M. LEE III WAS PROVIDED TRAVEL FOR HIS SPOUSE AND CLUB MEMBERSHIP DUES FROM A RELATED ORGANIZATION.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <ReturnReference>PART I, LINE 4B</ReturnReference>
        <Explanation>DEFERRED COMPENSATION IN THE AMOUNT OF $52,706 WAS ACCRUED FOR WALTER M. LEE III, PRESIDENT OF THE JACKSONVILLE CHAMBER OF COMMERCE, INC. FOR 2011. THE AMOUNT WAS ACCRUED, BUT NOT PAID OR VESTED.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
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      <GeneralExplanation>
        <Identifier>NEW PROGRAM SERVICES</Identifier>
        <ReturnReference>FORM 990, PART III, LINE 2</ReturnReference>
        <Explanation>DOWNTOWN'S FRONT DOOR: THE FOUNDATION PROMOTED QUALITY ECONOMIC GROWTH IN NE FLORIDA BY SUPPORTING DOWNTOWN JACKSONVILLE REDEVELOPMENT THROUGH THE RENOVATION AND REDESIGN OF THE JACKSONVILLE REGIONAL CHAMBER OF COMMERCE, INC. DOWNTOWN PROPERTY WHICH SERVES THE COMMUNITY AS THE FRONT DOOR TO DOWNTOWN FROM THE MAIN STREET BRIDGE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 6</ReturnReference>
        <Explanation>ARTICLE IV OF THE BYLAWS: THE MEMBERS OF THE CORPORATION SHALL BE IDENTICAL WITH THE BOARD OF DIRECTORS OF THE CORPORATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 7A</ReturnReference>
        <Explanation>THE MEMBERS ARE THE GOVERNING BODY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 8B</ReturnReference>
        <Explanation>THE ORGANIZATION DID NOT HAVE ANY COMMITTEES IN 2010.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE FORM 990 WILL BE REVIEWED BY THE MEMBERS OF THE AUDIT TASK FORCE OF THE JACKSONVILLE REGIONAL CHAMBER OF COMMERCE'S FINANCE COMMITTEE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>MEMBERS OF THE FOUNDATION'S BOARD ARE REQUIRED TO COMPLETE A WRITTEN CONFLICT OF INTEREST AND ETHICS POLICY ANNUALLY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE COMPENSATION OF THE PRESIDENT OF THE CHAMBER, WHO SERVES AS VICE PRESIDENT OF THE FOUNDATION, IS SET BY THE COMPENSATION COMMITTEE OF THE BOARD OF THE JACKSONVILLE REGIONAL CHAMBER OF COMMERCE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>THE PROCESS OF HOW THE ORGANIZATION PROVIDES OVERSIGHT OF THE AUDIT, REVIEW OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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        </NameOfDisregardedEntity>
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          <City>JACKSONVILLE</City>
          <State>FL</State>
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          <City>JACKSONVILLE</City>
          <State>FL</State>
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        </AddressUS>
        <EIN>202061017</EIN>
        <PrimaryActivities>HOLDING TITLE TO PROPERTY</PrimaryActivities>
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          <State>FL</State>
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        </AddressUS>
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          <City>JACKSONVILLE</City>
          <State>FL</State>
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