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Is Chamber of Commerce An Automatic Exemption?

Question: 
The city's chamber of commerce made a deposit for over $10,000. Is a chamber of commerce an automatic exemption or do we need to file a CTR?
Answer: 

by Kathleen Blanchard: The chamber of commerce is generally a private non governmental organization comprised of business members. It is not a governmental body and would not be automatically exempt.

Answer: 

John Burnett: Unless your local Chamber of Commerce conducts a lot of fundraisers, the likelihood of it qualifying for a "Phase II" exemption is pretty low, since reportable cash transactions aren't likely to be "frequent."

First published on 08/31/2015

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