| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 5 | LINCOLN CHAMBER OF COMMERCE PAYS FOR SALARIES AS THE PAYMASTER, THEREFORE NO W-2'S WERE FILED UNDER THE EIN FOR LINCOLN CHAMBER ECONOMIC DEVELOPMENT CORP. |
| FORM 990, PART VI, SECTION A, LINE 6 | LINCOLN CHAMBER ECONOMIC DEVELOPMENT HAS MEMBERS WHO PROVIDE MEMBERSHIP DUES. |
| FORM 990, PART VI, SECTION B, LINE 11B | A COPY OF THE FORM 990 WAS REVIEWED BY THE ORGANIZATION'S FINANCE COMMITTEE AND BOARD OF DIRECTORS BEFORE BEING FILED. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE COMMITTEE CONDUCTS A SURVEY AND CREATES A SET OF GOALS AT THE BEGINNING OF EACH YEAR, WHICH ARE USED IN THE ANNUAL REVIEWS TO DETERMINE COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VII, SECTION A: | THE LINCOLN CHAMBER ECONOMIC DEVELOPMENT CORPORATION (LCEDC) IS AFFILIATED WITH THE LINCOLN CHAMBER OF COMMERCE (THE CHAMBER) THROUGH COMMON MANAGEMENT. ALL PERSONNEL ARE EMPLOYEES OF THE CHAMBER. LCEDC REIMBURSES THE CHAMBER FOR SALARY COSTS BASED ON ESTIMATES OF PERCENTAGE OF TIME SPENT ON CORPORATION BUSINESS. THE AMOUNT ALLOCATED AND REIMBURSED BY LCEDC IS REPORTED ON FORM 990, PART VII, COL D & F AS WELL AS SCHEDULE J AS COMPENSATION FROM THE ORGANIZATION. THE AMOUNT ALLOCATED TO THE CHAMBER AND ANY OTHER RELATED ORGANIZATIONS (PER SCHEDULE R) ARE REPORTED ON FORM 990, PART VII, COL E & F AS WELL AS SCHEDULE J AS COMPENSATION FROM RELATED ORGANIZATIONS, FOR TRANSPARENCY PURPOSES. THE CHAMBER DOES NOT MEET THE REQUIREMENTS TO BE LISTED ON SCHEDULE R AS RELATED ENTITIES OF LCEDC. |
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