Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 2 | THE FOLLOWING FAMILY AND BUSINESS RELATIONSHIPS INCLUDE BOARD RELATIONSHIPS WITH BOARD MEMBERS OF ALL RELATED ENTITIES INCLUDED IN SCHEDULE R: PHIL AMEND HAS A BUSINESS RELATIONSHIP WITH DOUG BARBACCI, PATRICK ENDLER, MARY ERWINE, ELIZABETH GRAHAM, CAROL KEUP, LORI NOCITO, WILLIAM SCRANTON, WILLIAM SORDONI, WICO VAN GENDEREN, AND CARL WITKOWSKI LARS ANDERSON HAS A BUSINESS RELATIONSHIP WITH JOSEPH KLUGER. DOUG BARBACCI HAS A BUSINESS RELATIONSHIP WITH PHIL AMEND, WILLIAM FROMEL, AND TARA MUGFORD-WILSON. WILLIAM BEEKMAN HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, WILLIAM FROMEL, AND TARA MUGFORD-WILSON. RON BEER HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, WILLIAM JONES, THOMAS MAKOWSKI, TARA MUGFORD-WILSON, WILLIAM SORDONI, AND CARL WITKOWSKI ROB BELZA HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER. LINDSAY GRIFFIN HAS A BUSINESS RELATIONSHIP WITH CHRISTIE BONNICE AND PATRICK ENDLER. MATTHEW BICKERT HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER LUCY BOARDWINE HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER AND THOMAS MAKOWSKI. CHRISTIE L. BONNICE HAS A BUSINESS RELATIONSHIP WITH LINDSAY GRIFFIN, EVERAL EATON, MEGHAN FLANAGAN, RACHEL OLSZEWSKI, AND ZUBEEN SAEED. JOSEPH BORLAND HAS A BUSINESS RELATIONSHIP WITH THOMAS MAKOWSKI. THOMAS BOTZMAN HAS A BUSINESS RELATIONSHIP WITH CORNELIO CATENA, PATRICK ENDLER, WILLIAM JONES, THOMAS MAKOWSKI, TARA MUGFORD-WILSON, TERI OOMS, AND WILLIAM SORDONI. JOSEPH A. BOYLAN HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER AND TERI OOMS. JIM BROGNA HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER DONALD BROMINSKI HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, WILLIAM M. JONES, THOMAS A. MAKOWSKI, TERI OOMS, AND TROY STANDISH. TONY CARLUCCI HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER AND TERI OOMS IDA CASTRO HAS NO BUSINESS RELATIONSHIP CORNELIO CATENA HAS A BUSINESS RELATIONSHIP WITH THOMAS BOTZMAN, PATRICK ENDLER, JEFFERY METZ, AND CARL WITKOWSKI STEVEN CLEMENTE HAS A BUSINESS RELATIONSHIP WITH JOHN HENRY, CAROL KEUP, MARK SOBECK, AND TROY STANDISH PETER DANCHAK HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, JOSEPH KLUGER, PATRICK LEAHY, THOMAS A. MAKOWSKI, TARA MUGFORD WILSON, AND TERI OOMS. ANGELO DECESARIS HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER. NINA ZANON HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, WILLIAM FROMEL, AND SCOTT LYNETT. SUSAN DIANA HAS NO BUSINESS RELATIONSHIP. EVERAL EATON HAS A BUSINESS RELATIONSHIP WITH CHRISTIE BONNICE PATRICK ENDLER HAS A BUSINESS RELATIONSHIP WITH PHIL AMEND, WILLIAM BEEKMAN, RON BEER, ROBERT BELZA, LINDSAY GRIFFIN, MATTHEW BICKERT, LUCY BOARDWINE, THOMAS BOTZMAN, JOSEPH BOYLAN, JIM BROGNA, DONALD BROMINSKI, TONY CARLUCCI, CORNELIO CATENA, PETER DANCHAK, ANGELO DECESARIS, NINA ZANON, JOHN DOWD, MARY ERWINE, MEGHAN FLANAGAN, WILLIAM FROMEL, BRIDGET GIUNTA-HUSTED, BILL GOLDSWORTHY, ELIZABETH GRAHAM, JOHN HENRY, CHRISTINE JENSEN, PHILLIP JOHNSON, WILLIAM M JONES, CAROL KEUP, SUE KLUGER, PATRICK LEAHY, THOMAS LEARY, SHARON LEHMAN, MIKE LOMBARDO, SCOTT LYNETT, THOMAS A MAKOWSKI, TARA MUGFORD-WILSON, MIKE MURRAY, LARRY NEWMAN, LORI NOCITO, GERARD O'DONNELL, TERI OOMS, KEVIN REA, BRIAN RINKER, ALANA ROBERTS, GUY ROTHERY, PAUL RUSHTON, MARK SOBECK, WILLIAM SORDONI, TROY STANDISH, BARBARA TOCZKO-MACULLOCK, WICO VAN GENDEREN, CARL WITKOWSKI, AND MIKE WOOD. MARY ERWINE HAS A BUSINESS RELATIONSHIP WITH PHIL AMEND, PATRICK ENDLER, AND JOSEPH KLUGER. TIM EVANS HAS NO BUSINESS RELATIONSHIP. MEGHAN FLANAGAN HAS A BUSINESS RELATIONSHIP WITH CHRISTIE BONNICE AND PATRICK ENDLER. WILLIAM FROMEL HAS A BUSINESS RELATIONSHIP WITH DOUG BARBACCI, WILLIAM BEEKMAN, NINA ZANON, PATRICK ENDLER, GUS GENETTI JR, WILLIAM JONES, JOSEPH KLUGER, AND LEWIS SEBIA. GUS GENETTI JR. HAS A BUSINESS RELATIONSHIP WITH WILLIAM FROMEL, PATRICK LEAHY AND TARA MUGFORD-WILSON. BRIDGET GIUNTA-HUSTED HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, PATRICK LEAHY AND THOMAS MAKOWSKI. LISA GOBLE HAS NO BUSINESS RELATIONSHIP. BILL GOLDSWORTHY HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER. ELIZABETH GRAHAM HAS A BUSINESS RELATIONSHIP WITH PHIL AMEND AND PATRICK ENDLER. JOHN HENRY HAS A BUSINESS RELATIONSHIP WITH CTEVEN CLEMENTE AND PATRICK ENDLER. HILDY IDE HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER. PHILIP JOHNSON HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER. DAVID JOLLEY HAS NO BUSINESS RELATIONSHIP. DALE JONES HAS NO BUSINESS RELATIONSHIP. WILLIAM M. JONES HAS BUSINESS RELATIONSHIP WITH RON BEER, THOMAS BOTZMAN, DONALD BROMINSKI, PATRICK ENDLER, WILLIAM FROMEL, SCOTT LYNETT, TARA MUGFORD-WILSON, TERI OOMS, KEVIN REA, BRIAN RINKER, WILLIAM SORDONI, TROY STANDISH, AND CARL WITKOWSKI. CAROL KEUP HAS A BUSINESS RELATIONSHIP WITH PHIL AMEND, STEVEN CLEMENTE, PATRICK ENDLER, JOSEPH KLUGER, AND PATRICK LEAHY. JOSEPH KLUGER HAS BUSINESS RELATIONSHIP WITH LARS ANDERSON, PETER DANCHAK, MARY ERWINE, WILLIAM FROMEL, CAROL KEUP, THOMAS LEARY, CARMEN MAGISTRO, TARA MUGFORD-WILSON, KEVIN REA, AND BARBARA TOCZKO-MACULLOCK. JOSEPH KLUGER HAS A FAMILY RELATIONSHIP WITH SUE K. KLUGER. SUE K. KLUGER HAS NO BUSINESS RELATIONSHIP. SUE K. KLUGER HAS A FAMILY RELATIONSHIP WITH JOSEPH KLUGER. DOROTHY LANE HAS NO BUSINESS RELATIONSHIP PATRICK LEAHY HAS A BUSINESS RELATIONSHIP WITH PETER DANCHAK, PATRICK ENDLER, GUS GENETTI JR., BRIDGET GIUNTA-HUSTED, CAROL KEUP, SCOTT LYNETT, THOMAS A. MAKOWSKI, TARA MUGFORD-WILSON, TERI OOMS, GUY ROTHERY, AND MIKE WOOD. THOMAS P. LEARY HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER JOSEPH KLUGER, GERARD O'DONNELL, AND TERI OOMS. SHARON LEHMAN HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER.AND THOMAS MAKOWSKI. MICHAEL LOMBARDO HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER. SCOTT LYNETT HAS A BUSINESS RELATIONSHIP WITH NINA ZANON, PATRICK ENDLER, WILLIAM JONES, AND PATRICK LEAHY. CARMEN MAGISTRO HAS A BUSINESS RELATIONSHIP WITH JOSEPH KLUGER. THOMAS A. MAKOWSKI HAS A BUSINESS RELATIONSHIP WITH RON BEER, LUCY BOARDWINE, THOMAS BOTZMAN, DONALD BROMINSKI, PETER J. DANCHAK, PATRICK ENDLER, BRIDGET GIUNTA-HUSTED, PATRICK LEAHY, SHARON LEHMAN, JEFFERY METZ, MAUREN METZ, TARA MUGFORD-WILSON, TERI OOMS, ALANA ROBERTS, PAUL RUSHTON, WILLIAM SORDONI, AND MIKE WOOD. JEFFREY METZ HAS A BUSINESS RELATIONSHIP WITH CORNELIO CATENA, THOMAS MAKOWSKI AND TROY STANDISH. JEFFREY METZ HAS A FAMILY RELATIONSHIP WITH MAUREN METZ. MAUREN METZ HAS A BUSINESS RELATIONSHIP WITH THOMAS MAKOWSKI AND TROY STANDISH. MAUREEN METZ HAS A FAMILY RELATIONSHIP WITH JEFFREY METZ. CATHERINE MIHALICK HAS NO BUSINESS RELATIONSHIP. TARA MUGFORD-WILSON HAS A BUSINESS RELATIONSHIP WITH DOUG BARBACCI, WILLIAM BEEKMAN, RON BEER, THOMAS BOTZMAN, PETER DANCHAK, PATRICK ENDLER, GUS GENETTI, WILLIAM M. JONES, JOSEPH KLUGER, PATRICK LEAHY, THOMAS A MAKOWSKI, GERARD O'DONNELL, GUY ROTHERY, WILLIAM SORDONI, TROY STANDISH, JEFFREY STINE, AND MIKE WOOD. MIKE MURRAY HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER. LARRY NEWMAN HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER. LORI NOCITO HAS A BUSINESS RELATIONSHIP WITH PHIL AMEND, PATRICK ENDLER, AND TROY STANDISH. JAMES W. O'BOYLE HAS NO BUSINESS RELATIONSHIP. GERARD O'DONNELL HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, THOMAS LEARY, TARA MUGFORD-WILSON, TERI OOMS, PAUL RUSTON, FR. JACK RYAN, AND BARBARA TOCZKO-MACULLOCK. TERI OOMS HAS A BUSINESS RELATIONSHIP WITH THOMAS BOTZMAN, JOSEPH A. BOYLAN, DONALD BROMINSKI, TONY CARLUCCI, PETER J. DANCHAK, PATRICK ENDLER, WILLIAM M. JONES, PATRICK LEAHY, THOMAS LEARY, THOMAS A. MAKOWSKI, GERARD O'DONNELL, SUSAN REILLY, BRIAN RINKER, ALANA ROBERTS, FR. JACK RYAN, STEVEN SCHEINMAN, WILLIAM SCRANTON III, TROY STANDISH, WICO VAN GENDEREN, AND MIKE WOOD. LARRY PELLEGRINI HAS NO BUSINESS RELATIONSHIP. KEVIN REA HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, WILLIAM JONES, JOSEPH KLUGER, AND WILLIAM SORDONI SUSAN REILLY HAS A BUSINESS RELATIONSHIP WITH TERI OOMS. BRIAN RINKER HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, WILLIAM M JONES AND TERI OOMS. ALANA ROBERTS HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, THOMAS A. MAKOWSKI AND TERI OOMS. GUY ROTHERY HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, PATRICK LEAHY, TARA MUGFORD-WILSON, AND WILLIAM SORDONI. PAUL RUSHTON HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, THOMAS A. MAKOWSKI, GERARD O'DONNELL, AND WILLIAM SORDONI. FR. JACK RYAN HAS A BUSINESS RELATIONSHIP WITH GERARD O'DONNELL AND TERI OOMS. RACHEL OLSZEWSKI HAS A BUSINESS RELATIONSHIP WITH CHRISTIE BONNICE. ZUBEEN SAEED HAS A BUSINESS RELATIONSHIP WITH CHRISTIE BONNICE. STEVEN SCHEINMAN HAS A BUSINESS RELATIONSHIP WITH TERI OOMS AND WILLIAM SORDONI. CONRAD SCHINTZ HAS NO BUSINESS RELATIONSHIP DAVID SCHWAGER HAS NO BUSINESS RELATIONSHIP WILLIAM SCRANTON III HAS A BUSINESS RELATIONSHIP WITH PHIL AMEND AND TERI OOMS. LEWIS SEBIA HAS A BUSINESS RELATIONSHIP WITH WILLIAM FROMEL. TARA SIEGAL HAS NO BUSINESS RELATIONSHIP JOSEPH SIMKULAK HAS NO BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 2 | CONTINUATION OF LINE 2 EXPLANATION: MAURA SMITH HAS NO BUSINESS RELATIONSHIP. NICHOLAS SNYDER HAS NO BUSINESS RELATIONSHIP. MARK J. SOBECK HAS A BUSINESS RELATIONSHIP WITH STEVEN CLEMENTE AND PATRICK ENDLER. WILLIAM SORDONI HAS A BUSINESS RELATIONSHIP PHIL AMEND, RON BEER, THOMAS BOTZMAN, PATRICK ENDLER, WILLIAM M. JONES, THOMAS MAKOWSKI, TARA MUGFORD-WILSON, KEVIN REA, GUY ROTHERY, PAUL RUSHTON, AND STEVEN SCHEINMAN. TROY STANDISH HAS A BUSINESS RELATIONSHIP WITH DONALD BROMINSKI, STEVEN CLEMENTE, PATRICK ENDLER, WILLIAM M. JONES, JEFFREY METZ, MAUREN METZ, TARA MUGFORD-WILSON, LORI NOCITO, TERI OOMS, AND JEFFREY A. STINE. JEFFREY STINE HAS A BUSINESS RELATIONSHIP WITH TROY STANDISH AND TARA MUGFORD-WILSON. BARBARA TOCZKO-MACULLOCK HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, JOSEPH KLUGER, AND GERARD O'DONNELL. WICO VAN GENDEREN HAS A BUSINESS RELATIONSHIP WITH PHIL AMEND, PATRICK ENDLER, AND TERI OOMS. CARL WITKOWSKI HAS A BUSINESS RELATIONSHIP WITH PHIL AMEND, RON BEER, CORNELIO CATENA, PATRICK ENDLER, AND WILLIAM M. JONES. MIKE WOOD HAS A BUSINESS RELATIONSHIP WITH PATRICK ENDLER, PATRICK LEAHY, THOMAS A MAKOWSKI, TARA MUGFORD-WILSON, AND TERI OOMS. |
| FORM 990, PART VI, SECTION B, LINE 11B | PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE, THE FORM 990 IS REVIEWED BY MEMBERS OF THE GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY ("CBI") AUDIT COMMITTEE. CBI IS THE PARENT ENTITY OF THE GREATER WILKES-BARRE INDUSTRIAL FUND, INC. THE TAX RETURN IS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH "INTERESTED PERSON" SHALL ANNUALLY SIGN THE CONFLICT OF INTEREST DISCLOSURE STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY OR THE BY-LAWS, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY AND AFFILIATES ARE TAX-EXEMPT ORGANIZATIONS AND THAT IN ORDER TO MAINTAIN FEDERAL TAX EXEMPTION, MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES UNDER IRC SECTION 501(C)3, 501(C)(4), OR 501(C)(6) OF THE INTERNAL REVENUE CODE. ON THE CONFLICT OF INTEREST DISCLOSURE STATEMENT, ALL "INTERESTED PERSONS" MUST DETAIL ALL EXISTING OR POTENTIAL CONFLICTS OF INTEREST AND FILE THE FORM WITH THE GOVERNANCE COMMITTEE ANNUALLY. INTERIM DISCLOSURES SHALL ALSO BE REQUIRED AS CONFLICTS DEVELOP SUBSEQUENT TO THE ANNUAL DISCLOSURES. TO ENSURE THAT GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY AND AFFILIATES OPERATE IN A MANNER CONSISTENT WITH THEIR CHARITABLE PURPOSES AND THAT THEY DO NOT ENGAGE IN ACTIVITIES THAT COULD INDIVIDUALLY JEOPARDIZE THEIR STATUS AS ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAX, A REVIEW OF ANY POTENTIAL CONFLICT SHALL BE CONDUCTED BY THE GOVERNANCE AND/OR AUDIT AND/OR FINANCE COMMITTEES. REVIEW OF SUCH TRANSACTIONS INCLUDES THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND ARE THE RESULTS OF APPROPRIATE NEGOTIATIONS. B. PARTIES SUBJECT TO THE TRANSACTION ARE EXCUSED FROM ALL DISCUSSION REGARDING THE TRANSACTION AND ARE NOT PRESENT DURING THE VOTE. C. ANY ABSTENTIONS TO THE VOTE ARE DOCUMENTED IN THE MEETING MINUTES. A BOARD DEVELOPMENT COMMITTEE EXISTS AND MEETS AT LEAST TWO TIMES EACH YEAR. IT EVALUATES THE PERFORMANCE OF CURRENT BOARD MEMBERS AND NOMINATES POTENTIAL BOARD MEMBERS TO THE ORGANIZATION'S BOARD FOR REVIEW AND RATIFICATION. THOSE NOMINEES ARE SELECTED BASED ON A SET OF VARIABLES IMPORTANT TO THE MISSION OF THE ORGANIZATION. THEY INCLUDE PROFESSIONAL AND EDUCATIONAL EXPERIENCE, DIVERSITY OF BACKGROUND, AND REPRESENTATION ACROSS A BROAD SPECTRUM OF THE BUSINESS AND CIVIC COMMUNITIES SERVED BY THE ORGANIZATION. SPECIAL ATTENTION IS GIVEN TO ENSURE THAT NO PARTICULAR BUSINESS, INDUSTRY, OR INDIVIDUAL HAS THE ABILITY TO INFLUENCE A MULTIPLE NUMBER OF BOARD VOTES AT ANY TIME. STAFF MEMBERS OF THE GREATER WILKES-BARRE CHAMBER OF BUSINESS & INDUSTRY DISTRIBUTE THE CONFLICT OF INTEREST STATEMENTS AT THE FIRST MEETING OF THE YEAR. THE BOARD MEMBERS ARE REQUIRED TO RETURN THE SIGNED STATEMENTS WITHIN 2 WEEKS. IF THE FORMS ARE NOT RETURNED WITHIN TWO WEEKS, STAFF MEMBERS WILL FOLLOW UP WITH THOSE BOARD MEMBERS WHO HAVE NOT RETURNED THEIR FORMS. A STAFF MEMBER REVIEWS ALL OF THE CONFLICT OF INTEREST STATEMENTS AND NOTIFIES THE CHAIRMAN OF THE BOARD OF ANY CONFLICTS OF INTEREST THAT MAY EXIST. A STAFF THEN MONITORS THE POTENTIAL FOR CONFLICTS OF INTEREST ON MATTERS THROUGHOUT THE YEAR. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE GREATER WILKES-BARRE INDUSTRIAL FUND, INC.'S PARENT ENTITY, GREATER WILKES-BARRE CHAMBER OF BUSINESS AND INDUSTRY ("CBI"), MAINTAINS A PERSONNEL COMMITTEE CHARGED WITH ESTABLISHING AND ADMINISTERING THE COMPENSATION PRACTICES FOR OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE PERSONNEL COMMITTEE UTILIZES COMPARABILITY DATA PUBLISHED BY SIMILAR ECONOMIC DEVELOPMENT ORGANIZATIONS AND CHAMBERS OF COMMERCE, SUCH AS THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL AND THE ASSOCIATION OF CHAMBER OF COMMERCE EXECUTIVES, ON BOTH A NATIONAL AND STATEWIDE BASIS. CBI'S COMPENSATION DECISIONS ARE BASED UPON A REVIEW OF COMPENSATION FOR JOBS THAT ARE SIMILAR IN RESPONSIBILITIES AND DUTIES, IN ORGANIZATIONS THAT ARE SIMILAR IN SIZE, REVENUE, AND/OR NUMBER OF EMPLOYEES. COMMITTEE MEETINGS ARE HELD ON A REGULAR BASIS, AND DELIBERATION AND COMMITTEE DECISIONS ARE DOCUMENTED IN DETAIL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| SCHEDULE D, PART XI, LINE 2D | THE ORGANIZATION HAS LIMITED PARTNERSHIP INTERESTS OF .775680% INTEREST IN MID-ATLANTIC ANGEL GROUP II, GP, LLC, AND A .867989% INTEREST IN MID-ATLANTIC ANGEL FUND II, GP, LLC, AND CARRIES THE INVESTMENTS ON ITS BALANCE SHEET AT ORIGINAL COST OF $50,000. THE ORGANIZATION REPORTS THE DISTRIBUTIONS MADE FROM THE PARTNERSHIPS AS INCOME ON ITS FINANCIAL STATEMENTS. THE AMOUNT REPORTED FOR THE 2018 YEAR IS $(3,077). THE AMOUNTS REPORTED ON THE 990 REFLECT THE INTEREST INCOME, CAPITAL LOSSES, AND EXPENSES REPORTED ON THE SCHEDULE K-1'S OF THE PARTNERSHIPS. THE DIFFERENCES ARE SHOWN AS RECONCILING ITEMS ON PART XI AND PART XII OF SCHEDULE D. |
| FORM 990, PART XI, LINE 9: | K-1 INCOME/ EXPENSES NOT REPORTED ON BOOKS -26. |
| FORM 990, PART XII, LINE 2C | THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. |
| FORM 990, PART V, LINE 2A: | THE SALARIES AND WAGES REPORTED ON FORM 990, PART IX ARE THE GREATER WILKES-BARRE INDUSTRIAL FUND'S ALLOCATED PAYROLL COSTS BASED ON TIME SPENT. ALL INDIVIDUALS WORKING AT THE GREATER WILKES-BARRE DEVELOPMENT ARE EMPLOYEES OF THE GREATER WILKES BARRE CHAMBER OF BUSINESS & INDUSTRY ("CBI") AND ARE REPORTED ON ITS FORM 941 UNDER EIN: 02-0605397. CBI IS AN AFFILIATED TAX-EXEMPT ORGANIZATION. PAYROLL TAXES ARE ALLOCATED IN THE SAME MANNER AS SALARIES AND WAGES, BASED ON TIME SPENT. THE ORGANIZATION'S ALLOCATED PAYROLL TAX EXPENSE IS INCLUDED IN "OTHER SALARIES AND WAGES" REPORTED ON LINE 7 OF THE STATEMENT OF FUNCTIONAL EXPENSES. |
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