| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE 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 | ANY INDIVIDUAL, ASSOCIATION, CORPORATION, PARTNERSHIP, COMPANY, OR OTHER PERSON WHO SUPPORTS THE OBJECTIVES OF THE ORGANIZATION SHALL BE ELIGIBLE TO APPLY FOR MEMBERSHIP. ELECTION OF MEMBERS SHALL BE BY THE BOARD OF DIRECTORS AT ANY MEETING THEREOF. ANY APPLICANT SO ELECTED SHALL BECOME A MEMBER UPON PAYMENT OF THE REGULARLY SCHEDULED INVESTMENT. THE BOARD OF DIRECTORS FROM TIME TO TIME MAY ESTABLISH STANDARDS FOR HONORARY MEMBERSHIPS. HONORARY MEMBERS SHALL HAVE ALL THE PRIVILEGES, EXCEPT THE RIGHT TO VOTE, AND SHALL BE EXEMPT FROM PAYMENT OF DUES. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE CHAIR OF THE BOARD MAY APPOINT, WITH THE CONSENT OF THE BOARD OF DIRECTORS, UP TO FIVE ADDITIONAL BOARD MEMBERS WITH TERMS COTERMINOUS WITH THE CHAIR'S TERM IN OFFICE. THESE MEMBERS WILL NOT COUNT TOWARDS THE ALLOTTED NUMBER OF BOARD MEMBERS OUTLINED IN THE BYLAWS. |
| FORM 990, PART VI, SECTION B, LINE 11B | ACCOUNTING, POLICY, AND OVERSIGHT COMMITTEE 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 | THE ORGANIZATION DETERMINES THE COMPENSATION OF THE CEO THROUGH COMPENSATION COMMITTEES, WRITTEN EMPLOYMENT CONTRACTS, AND APPROVAL BY THE BOARD. THE CEO DETERMINES THE COMPENSATION OF TOP MANAGEMENT OFFICIALS. 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: | NET ASSET TRANSFER (TO)/FROM AFFILATE -424,240. |
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