Civic Intelligence

Lincoln Chamber Economic Development Corporation

990 • Fiscal year 2020 • EIN 47-6036618

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

Organization ProfileWWW.SELECTLINCOLN.ORG
1128 Lincoln Mall No 100Lincoln, NE 68508

(402) 436-2350

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

47th percentile

4.4%

Higher net margin than 47% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$284,891

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 14.6% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

58th percentile

8.1%

Faster asset growth than 58% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

84th percentile

8.9%

Faster revenue growth than 84% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$1,152,743

Up $85,943 (+8.1%) from 2019

Net Assets

Up

$1,152,743

Up $85,943 (+8.1%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin47th percentile

Revenue

Up

$1,951,924

Up $159,390 (+8.9%) from 2019

Expenses

Up

$1,865,981

Up $6,372 (+0.3%) from 2019

Net Income

Up

$85,943

Up $153,018 (+228%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $999,552Liabilities 2010: $0Net Assets 2010: $999,5522010Assets 2011: $930,511Liabilities 2011: $0Net Assets 2011: $930,5112011Assets 2012: $1,094,157Liabilities 2012: $0Net Assets 2012: $1,094,1572012Assets 2013: $1,288,583Liabilities 2013: $0Net Assets 2013: $1,288,5832013Assets 2014: $1,441,391Liabilities 2014: $0Net Assets 2014: $1,441,3912014Assets 2015: $1,308,600Liabilities 2015: $0Net Assets 2015: $1,308,6002015Assets 2016: $1,126,665Liabilities 2016: $0Net Assets 2016: $1,126,6652016Assets 2017: $1,104,620Liabilities 2017: $0Net Assets 2017: $1,104,6202017Assets 2018: $1,133,875Liabilities 2018: $0Net Assets 2018: $1,133,8752018Assets 2019: $1,066,800Liabilities 2019: $0Net Assets 2019: $1,066,8002019Assets 2020: $1,152,743Liabilities 2020: $0Net Assets 2020: $1,152,7432020Assets 2021: $1,156,144Liabilities 2021: $0Net Assets 2021: $1,156,1442021Assets 2022: $1,218,967Liabilities 2022: $0Net Assets 2022: $1,218,9672022Assets 2023: $1,118,686Liabilities 2023: $0Net Assets 2023: $1,118,6862023Assets 2024: $1,103,436Liabilities 2024: $0Net Assets 2024: $1,103,4362024

Highlighted filing

2020

Assets$1,152,743
Liabilities$0
Net Assets$1,152,743
Open 2020 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $952,6362010Revenue 2011: $970,037Expenses 2011: $1,039,078Net Income 2011: -$69,0412011Revenue 2012: $1,044,048Expenses 2012: $880,402Net Income 2012: $163,6462012Revenue 2013: $1,115,847Expenses 2013: $921,421Net Income 2013: $194,4262013Revenue 2014: $1,485,301Expenses 2014: $1,332,493Net Income 2014: $152,8082014Revenue 2015: $1,097,822Expenses 2015: $1,230,613Net Income 2015: -$132,7912015Revenue 2016: $1,564,553Expenses 2016: $1,746,488Net Income 2016: -$181,9352016Revenue 2017: $2,365,288Expenses 2017: $2,387,333Net Income 2017: -$22,0452017Revenue 2018: $1,780,501Expenses 2018: $1,751,246Net Income 2018: $29,2552018Revenue 2019: $1,792,534Expenses 2019: $1,859,609Net Income 2019: -$67,0752019Revenue 2020: $1,951,924Expenses 2020: $1,865,981Net Income 2020: $85,9432020Revenue 2021: $1,740,188Expenses 2021: $1,736,787Net Income 2021: $3,4012021Revenue 2022: $2,088,976Expenses 2022: $2,026,153Net Income 2022: $62,8232022Revenue 2023: $2,724,244Expenses 2023: $2,824,525Net Income 2023: -$100,2812023Revenue 2024: $2,282,577Expenses 2024: $2,297,828Net Income 2024: -$15,2512024

Highlighted filing

2020

Revenue$1,951,924
Expenses$1,865,981
Net Income$85,943
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$1,951,924
Mission and Program Overview

Mission

To nurture the environment for existing businesses, attract high-impact industries, and facilitate the development of lincoln's entrepreneurial capacity through public and private partnerships, while leveraging its unique strengths, particularly in higher education.

To promote the retention, expansion, and location of high-income jobs and new economy industries to the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,066,800$1,152,743▲ $85,943
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Total Assets$1,066,800$1,152,743▲ $85,943
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$640,767$624,912▼ $15,855
Net Assets Without Donor Restrictions$426,033$527,831▲ $101,798
Total Net Assets Fund Balance$1,066,800$1,152,743▲ $85,943
Total Liabilities and Net Assets / Fund Balance$1,066,800$1,152,743▲ $85,943
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffrey MaulVice President-$11,579$134,863$146,442
Lucas PeltzVice PresidentFT$103,172$29,369$132,541
Wendy BirdsallPresidentPT$94,096$28,408$122,504
Derek FeyerhermSenior Director-$10,163$103,168$113,331
Bruce BohrerVP of Economic Development-$6,079$2,870$8,949

Board Members and Trustees

NameTitle
Marc LebaronBoard Chair
Terry HeimesVice Chair
Ava ThomasDirector
Barbara BartleDirector
Bob BalfanyDirector
Brandy JohnsonDirector
Chancellor Ronnie GreenDirector
Clay SmithDirector
Dan MilnarikDirector
Dan VokounDirector
David HaringDirector
Derek VanceDirector
Dr Paul IllichDirector
Jamie HarderDirector
Jim KriegerDirector
Joey HausmannDirector
John DeckerDirector
John LaflinDirector
John OlssonDirector
Julie PerkinsDirector
Justin HernandezDirector
Justin KurtzerDirector
Kevin ThomasDirector
Kevin WailesDirector
Kyle FischerDirector
Leo SchumacherDirector
Lincoln ZehrDirector
Mark KetchamDirector
Meagan LiesveldDirector
Mike MillerDirector
Nate MckownDirector
Noah GreenwaldDirector
Rod BerensDirector
Russ GronewoldDirector
Sue WilkinsonDirector
Ted KaufDirector
Todd FurasekDirector
Tom HenningDirector
Tonn OstergardDirector
Trent SiddersDirector
James GreischHonorary
Bob CaldwellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,107,500
Program Service Revenue
$841,965
Investment Income
$759
Other Revenue
$1,700
Change in Net Assets
$85,943

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,951,924
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,951,924
Total Revenue per Form 990
$1,951,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$902,602
Grants and Similar Amounts Paid$616,541
Other Expenses$346,838
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$616,541
Other Salaries and Wages---$478,898
Comp Disqual Persons---$289,970
Occupancy---$80,760
Payroll Taxes---$51,359
Other Employee Benefits---$47,776
Conferences and Meetings---$46,612
Pension Plan Contributions---$34,599
Fees for Services Other---$21,218
All Other Expenses---$10,014
Other Expenses---$9,344
Office Expenses---$6,580
Travel---$5,967
Insurance---$4,739
Advertising---$2,681
Total Functional Expenses$0$0$0$1,865,981

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,865,981
Total Expenses per Audited Statements$1,865,981
Total Expenses per Form 990$1,865,981
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lincoln Community FoundationLincoln, NE-Providing Operational Funding for the New Nmotion Accelerator Studio Program$300,000
Archer Daniels Midland CompanyDecatur, IL-Bldg. Improvements$100,000
MatmacorpLincoln, NE-Bldg. Improvements$100,000
Filefuse LLCLincoln, NE-Operations Commitment$25,000
Layer LLCLincoln, NE-Launch Lnk$25,000
Pawlytics PbcLincoln, NE-Launch Lnk$25,000
CanduitMclean, VA-Launch Lnk$10,000
Schwanke EnterprisesLincoln, NE-To Work Toward Milestones Noted$10,000
SpreetailLincoln, NE-10 New Positions$10,000
Arrive CoworkingLincoln, NE-Loan$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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 governings documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lincoln Chamber Economic Development
EIN
47-6036618
Phone
4024362350
Address
1128 LINCOLN MALL NO 100, LINCOLN, NE 68508

Signing Officer

Name
Wendy Birdsall
Title
President
Phone
4024362350
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Birdsall
Formed
1996
Legal Domicile
Ne
Voting Board Members
42
Independent Board Members
42
Employees
42
Volunteers
42

Preparer

Firm
Rsm US Llp
Address
201 FIRST ST SE SUITE 800, CEDAR RAPIDS, IA 52401
Preparer
Shawna Huls
Phone
3192985333
Supplemental Narrative

Additional Explanations

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 III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE:

“To nurture the environment for existing businesses, attract high-impact industries, and facilitate development of lincoln's entrepreneurial capacity through public and private partnerships, while leveraging its unique strengths, particularly in higher education.”

Financial Statement Notes

Part X, Line 2

“The corporation has been recognized as a tax-exempt, nonprofit organization by the internal revenue service under section 501(c)(6) of the internal revenue code and a similar provision of state law. Accordingly, no provision for federal or state income tax is required. However, the corporation is subject to federal income tax on any unrelated business taxable income.”

Raw XML AppendixShowing 400 of 831 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm1BRUCE BOHRER
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFFREY MAUL
IRS990/Form990PartVIISectionAGrp/PersonNm3LUCAS PELTZ
IRS990/Form990PartVIISectionAGrp/PersonNm4DEREK FEYERHERM
IRS990/Form990PartVIISectionAGrp/PersonNm5BOB CALDWELL
IRS990/Form990PartVIISectionAGrp/PersonNm6TERRY HEIMES
IRS990/Form990PartVIISectionAGrp/PersonNm7MARC LEBARON
IRS990/Form990PartVIISectionAGrp/PersonNm8BOB BALFANY
IRS990/Form990PartVIISectionAGrp/PersonNm9BARBARA BARTLE
IRS990/Form990PartVIISectionAGrp/PersonNm10ROD BERENS
IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN DECKER
IRS990/Form990PartVIISectionAGrp/PersonNm12KYLE FISCHER
IRS990/Form990PartVIISectionAGrp/PersonNm13TODD FURASEK
IRS990/Form990PartVIISectionAGrp/PersonNm14CHANCELLOR RONNIE GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm15NOAH GREENWALD
IRS990/Form990PartVIISectionAGrp/PersonNm16JAMES GREISCH
IRS990/Form990PartVIISectionAGrp/PersonNm17RUSS GRONEWOLD
IRS990/Form990PartVIISectionAGrp/PersonNm18DAVID HARING
IRS990/Form990PartVIISectionAGrp/PersonNm19JAMIE HARDER
IRS990/Form990PartVIISectionAGrp/PersonNm20JOEY HAUSMANN
IRS990/Form990PartVIISectionAGrp/PersonNm21TOM HENNING
IRS990/Form990PartVIISectionAGrp/PersonNm22JUSTIN HERNANDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm23DR PAUL ILLICH
IRS990/Form990PartVIISectionAGrp/PersonNm24BRANDY JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm25TED KAUF
IRS990/Form990PartVIISectionAGrp/PersonNm26MARK KETCHAM
IRS990/Form990PartVIISectionAGrp/PersonNm27JIM KRIEGER
IRS990/Form990PartVIISectionAGrp/PersonNm28JUSTIN KURTZER
IRS990/Form990PartVIISectionAGrp/PersonNm29JOHN LAFLIN
IRS990/Form990PartVIISectionAGrp/PersonNm30MEAGAN LIESVELD
IRS990/Form990PartVIISectionAGrp/PersonNm31NATE MCKOWN
IRS990/Form990PartVIISectionAGrp/PersonNm32MIKE MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm33DAN MILNARIK
IRS990/Form990PartVIISectionAGrp/PersonNm34JOHN OLSSON
IRS990/Form990PartVIISectionAGrp/PersonNm35TONN OSTERGARD
IRS990/Form990PartVIISectionAGrp/PersonNm36JULIE PERKINS
IRS990/Form990PartVIISectionAGrp/PersonNm37LEO SCHUMACHER
IRS990/Form990PartVIISectionAGrp/PersonNm38TRENT SIDDERS
IRS990/Form990PartVIISectionAGrp/PersonNm39CLAY SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm40AVA THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm41KEVIN THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm42DEREK VANCE
IRS990/Form990PartVIISectionAGrp/PersonNm43DAN VOKOUN
IRS990/Form990PartVIISectionAGrp/PersonNm44KEVIN WAILES
IRS990/Form990PartVIISectionAGrp/PersonNm45SUE WILKINSON
IRS990/Form990PartVIISectionAGrp/PersonNm46LINCOLN ZEHR
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt211579
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt430
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt450
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0148589
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt430
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt460
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP OF ECONOMIC DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4SENIOR DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIR

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,152,743
Liabilities
$0
Net assets
$1,152,743
Revenue
$1,951,924
Expenses
$1,865,981
Net income
$85,943
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$2.28$2.30$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$2.72$2.82$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$2.09$2.03$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$1.74$1.74$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$1.95$1.87$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$1.79$1.86$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$1.78$1.75$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$2.37$2.39$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$1.56$1.75$0.18
2015Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$1.10$1.23$0.13
2014Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$1.49$1.33$0.15
2013Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$1.12$0.92$0.19
2012Summary only. Only limited summary data is available for this year.$1.09$0.00$1.09$1.04$0.88$0.16
2011Summary only. Only limited summary data is available for this year.$0.93$0.00$0.93$0.97$1.04$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.00$1.00$0.95