Greater Lincoln Chamber Foundation

“A copy of the form 990 was reviewed by the organization's finance committee and board of directors before being filed.”

“The president of the foundation's salary is determined by the lincoln chamber of commerce, an affiliated organization. The affiliated organization uses a compensation committee, written employment contract, and compensation study to determine the salary amount. The salary is also approved by the board of directors.”

“The organization makes its governing documents and financial statements available upon request.”

“The greater lincoln chamber foundation (the foundation) is affiliated with the lincoln chamber of commerce (the chamber) through common management. All personnel are employees of the chamber. The foundation reimburses the chamber for salary costs based on estimates of percentage of time spent on foundation business. The amount allocated and reimbursed by the foundation 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 the foundation.”

“Lincoln chamber of commerce pays for salaries as the paymaster, therefore no w-2's were filed under the ein for greater lincoln chamber foundation.”

“The organization does not have any vendor payments or gambling winnings to collect withholdings on.”

“Convention center study: program service expenses 22,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,000. Strategic planning: program service expenses 17,426. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,426.”