Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE OF THE SOLE MEMBER SHALL ACT FOR AND ON BEHALF OF THE BOARD OF DIRECTORS WHEN THE BOARD IS NOT IN SESSION BUT SHALL BE ACCOUNTABLE TO THE BOARD FOR ITS ACTIONS. IT SHALL BE COMPOSED OF THE CHAIR, FIRST VICE CHAIR, SECOND VICE CHAIR, TREASURER, PRESIDENT, CHAIR OF THE INDUSTRIAL PROPERTIES CORPORATION, CHAIR OF THE LEADERSHIP LYCOMING OPERATING COMMITTEE ("LLOC") (OR ANOTHER REPRESENTATIVE FROM THE LLOC SELECTED BY THE CHAIR OF THE CHAMBER), CHAIR OF THE VISITORS BUREAU OPERATING COMMITTEE ("VBOC") (OR ANOTHER REPRESENTATIVE FROM THE VBOC SELECTED BY THE CHAIR OF THE CHAMBER), AND SUCH OTHER MEMBERS AS APPOINTED BY THE CHAIR AND APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE SOLE MEMBER OF THIS COMPANY SHALL BE WILLIAMSPORT LYCOMING CHAMBER OF COMMERCE. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH OF THE MEMBERS OF RECORD OF THE BOARD OF DIRECTORS OF THE SOLE MEMBER IS ENTITLED TO ONE (1) VOTE. VOTING SHALL BE IN PERSON OR BY PROXY. THE ACT OF A MAJORITY OF THE BOARD OF DIRECTORS OF THE SOLE MEMBER PRESENT IN PERSON OR BY PROXY AT ANY MEETING AT WHICH A QUORUM IS PRESENT SHALL BE THE ACT OF THE SOLE MEMBER UNLESS A GREATER PROPORTION IS REQUIRED BY LAW OR BY THESE BYLAWS. |
| FORM 990, PART VI, SECTION B, LINE 11B | ACCOUNTING, POLICY, AND OVERSIGHT COMMITTEE OF THE WILLIAMSPORT/LYCOMING CHAMBER OF COMMERCE (THE "SOLE MEMBER") REVIEWS THE FORM 990 BEFORE FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF INTEREST, AND SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; B. HAS READ AND UNDERSTANDS THE POLICY; C. HAS AGREED TO COMPLY WITH THE POLICY; AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE, AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. COMPLIANCE WITH THIS POLICY IS MONITORED ANNUALLY BY THE CFO. |
| FORM 990, PART VI, SECTION B, LINE 15 | WLCC DETERMINES THE COMPENSATION OF THE CEO THROUGH COMPENSATION COMMITTEES, WRITTEN EMPLOYMENT CONTRACTS, AND APPROVAL BY THE BOARD. THE ANNUAL REVIEW AND APPROVAL OF COMPENSATION IS CONTEMPORANEOUSLY DOCUMENTED. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | TRANSFERS FROM AFFILIATES 2,295,000. |
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