Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 1 | OUR WORK ENCOMPASSES EVERYTHING FROM CREATING A VIBRANT URBAN ENVIRONMENT IN DOWNTOWN WICHITA TO ADVANCING A COLLABORATIVE 10-COUNTY ECONOMIC DEVELOPMENT INITIATIVE THAT WILL GROW OUR REGION'S NEXT GENERATION ECONOMY. |
| FORM 990, PART VI, SECTION A, LINE 2 | THROUGH MEMBERSHIP ON THE BOARD, DIRECTORS MAY DEVELOP RELATIONSHIPS THAT GENERATE CLIENTS FROM OTHER DIRECTORS OR OTHERS ASSOCIATED WITH GREATER WICHITA PARTNERSHIP AND THE 10 COUNTY REGION. |
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS ON THE BOARD OF DIRECTORS ARE NOMINATED AND ELECTED BY THE BOARD MEMBERS AND OFFICERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ON THE BOARD OF DIRECTORS ARE NOMINATED AND ELECTED BY THE BOARD MEMBERS AND OFFICERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | AN INDEPENDENT ACCOUNTING FIRM PREPARES THE FORM 990. THE ORGANIZATION'S OFFICERS THEN REVIEW THE COMPLETE FORM 990 AND ALL REQUIRED SCHEDULES. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND ANY NECESSARY CHANGES ARE MADE. THE FINANCE AND EXECUTIVE COMMITTEES REVIEW THE 990 AND A COPY IS AVAILABLE TO ALL BOARD MEMBERS UPON REQUEST. THE 990 IS POSTED TO THE ORGANIZATION'S WEBSITE FOR PUBLIC ACCESS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THERE IS A CONFLICT OF INTEREST PROVISION STATE IN THE COMPANY BYLAWS. THE BOARD MONITORS AND FOLLOWS ANY POSSIBLE CONFLICT. IF ANY ACTION OF THE BOARD PERTAINS TO ANY BOARD MEMBERS, THE BOARD MEMBER RECUSES HIM/HERSELF FROM THE DISCUSSION AND VOTE. |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION FOR THE PRESIDENT AND CEO IS A TOTAL AMOUNT REFLECTING COMPENSATION FROM TWO DIFFERENT ORGANIZATIONS. THE CEO IS RESPONSIBLE FOR THE DIRECTION AND LEADERSHIP OF BOTH THE PARTNERSHIP AND DOWNTOWN. THE PARTNERSHIP PAYS THE MAJORITY OF THE COMPENSATION OF THE CEO AS IT HAS BEEN DETERMINED THAT THE MAJORITY OF HIS TIME IS SPENT ON PARTNERSHIP OPERATIONS. THE GREATER WICHITA PARTNERSHIP, INC. AND WICHITA DOWNTOWN DEVELOPMENT CORPORATION EACH PAY A PORTION OF THIS TOTAL AMOUNT. IN ADDITION TO LEADERSHIP OF THE GREATER WICHITA PARTNERSHIP, INC., THE PRESIDENT AND CEO ALSO PROVIDES LEADERSHIP AND DIRECTION FOR THE SERVICES AND SUPPORT AGREED UPON WITH THE WICHITA DOWNTOWN DEVELOPMENT CORPORATION. |
| FORM 990, PART VI, SECTION B, LINE 15B | AN ANNUAL PERFORMANCE REVIEW IS COMPLETED FOR ALL EMPLOYEES DURING THE 4TH QUARTER OF THE FISCAL YEAR. ANNUAL PAY INCREASES AND/OR PERFORMANCE BONUSES MAY THEN BE AWARDED. ANY PAY CHANGES AND BONUSES ARE REVIEWED BY THE PRESIDENT, HR/CFO, AND THE FINANCE CHAIR PRIOR TO IMPLEMENTING. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GREATER WICHITA PARTNERSHIP SUPPLIES THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND 990 TO THE PUBLIC UPON REQUEST. |
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