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Nonprofiteer
← LINCOLN CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by LINCOLN CHAMBER OF COMMERCE.

Totals

Total revenue
$4,250,771
Total expenses
$4,267,627
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,099,589
Investment income
$17,232
Other revenue
$133,950
Total assets, end of year
$5,542,810
Total liabilities, end of year
$3,978,022
Net assets or fund balances, end of year
$1,564,788
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: FEES FROM GOVERNMENT AGENCIES

    total $2,388,178 · related or exempt $2,388,178

  • 2b · Program service revenue: DUES - PROGRAM SERVICES

    total $966,913 · related or exempt $966,913

  • 2c · Program service revenue: ANNUAL LUNCHEON

    total $124,460 · related or exempt $124,460

  • 2d · Program service revenue: CELEBRATE BUSINESS LUNCHEON

    total $99,600 · related or exempt $99,600

  • 2e · Program service revenue: YPG

    total $79,218 · related or exempt $79,218

  • 2f · All other program service revenue

    total $441,220 · related or exempt $441,220

  • 3 · Investment income

    total $17,232 · excluded $17,232

  • 11a · Other revenue: MISCELLANEOUS

    total $70,500 · related or exempt $70,500

  • 11b · Other revenue: ADVERTISING REVENUE

    total $63,450 · unrelated business $63,450

  • 11e · Other revenue, total

    $133,950

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $166,550

  • 7 · Other salaries and wages

    total $1,281,465

  • 8 · Pension plan contributions

    total $77,542

  • 9 · Other employee benefits

    total $199,723

  • 10 · Payroll taxes

    total $102,956

  • 11c · Fees: accounting

    total $24,373

  • 11g · Fees: other

    total $57,362

  • 12 · Advertising and promotion

    total $396,300

  • 13 · Office expenses

    total $127,879

  • 16 · Occupancy

    total $287,445

  • 17 · Travel

    total $114,403

  • 19 · Conferences, conventions and meetings

    total $43,859

  • 22 · Depreciation, depletion and amortization

    total $21,235

  • 23 · Insurance

    total $19,778

  • 24a · Other expenses: SPECIAL EVENTS

    total $995,407

  • 24b · Other expenses: MAINTENANCE

    total $143,603

  • 24c · Other expenses: PUBLIC RELATIONS

    total $106,330

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $65,114

  • 24e · All other expenses

    total $36,303

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,171,670 · end of year $371,880

  • 2 · Savings and temporary cash investments

    beginning of year $88,174 · end of year $1,925,778

  • 4 · Accounts receivable

    beginning of year $218,923 · end of year $447,320

  • 9 · Prepaid expenses and deferred charges

    beginning of year $168,124 · end of year $185,460

  • 10a · Land, buildings and equipment: cost or other basis

    $181,412

  • 10b · Land, buildings and equipment: accumulated depreciation

    $117,583

  • 10c · Land, buildings and equipment, net

    beginning of year $32,641 · end of year $63,829

  • 15 · Other assets

    beginning of year $0 · end of year $2,548,543

  • 17 · Accounts payable and accrued expenses

    beginning of year $360,588 · end of year $577,865

  • 19 · Deferred revenue

    beginning of year $737,300 · end of year $686,322

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,713,835

  • 27 · Net assets without donor restrictions

    beginning of year $1,581,644 · end of year $1,564,788

Mission and programs · 2022

Mission

COMMUNITY DEVELOPMENT IN LINCOLN, NE

  • PROMOTION OF LINCOLN'S CIVIC ACTIVITIES, BUSINESS, AND INDUSTRIAL DEVELOPMENT.

  • MARKETING FOR THE COMMUNITY OF LINCOLN WITH A MISSION TO DEVELOP CONFERENCES, CONVENTIONS, AND EVENTS THAT FILL HOTEL ROOMS AND INCREASE LINCOLN'S ECONOMIC BASE.

  • PROMOTION OF LINCOLN'S CIVIC ACTIVITIES, BUSINESS, AND INDUSTRIAL DEVELOPMENT FOR VARIOUS INDUSTRY GROUPS AND OTHER SPECIALITY GROUPS.

As filed on the 2022 return.

Listed in Part VII

  • ANDY HUNZEKER

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BILL LESTER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BEN MARTENS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOHN OLSSON

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LG SEARCEY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BOB BALFANY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JOHN BERGMEYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN COURTNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOUG DURHAM

    DIRECTOR (PART-YEAR)

    Total calculated
    $0
    Hours/week
    1

  • JOEL FRIESEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL GAUSMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE GERDES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TONY GOINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHANCELLOR RONNIE GREEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NOAH GREENWALD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RUSS GRONEWOLD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SHANNON HARNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRAD HEDRICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LANELLE HERINK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTIE HINRICHS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN JAROSZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEVE JOEL

    DIRECTOR (PART-YEAR)

    Total calculated
    $0
    Hours/week
    1

  • JIM KRUGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETTY MASON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NATE MCKOWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SCOTT MCLAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRYCE MORGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES MOWITZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE PERKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TODD REIMERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE SCHMIDT

    DIRECTOR (PART-YEAR)

    Total calculated
    $0
    Hours/week
    1

  • PIYUSH SRIVASTRAV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL STEPHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DIANE TEMME STINTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AVA THOMAS

    DIRECTOR (PART-YEAR)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BILL UDELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEREK VANCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KEVIN WAILES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BILL WEBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NATALIA WIITA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JASON BALL

    PRESIDENT

    Total calculated
    $292,194
    From this org
    $143,131
    From related orgs
    $107,977
    Other
    $41,086
    Hours/week
    22.2 + 17.8 related

    Schedule J breakdown matched by us

    Base
    $111,004 + $83,741 related
    Bonus
    $14,250 + $10,750 related
    Other
    $17,877 + $13,486 related
    Deferred
    $8,333 + $6,287 related
    Nontaxable benefits
    $15,086 + $11,380 related
    Filer's total
    $166,550 + $125,644 related

  • BRUCE BOHRER

    VICE PRESIDENT

    Total calculated
    $194,891
    From this org
    $127,735
    From related orgs
    $22,035
    Other
    $45,121
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $112,645 + $19,877 related
    Bonus
    $6,053 + $563 related
    Other
    $9,037 + $1,595 related
    Deferred
    $8,955 + $1,581 related
    Nontaxable benefits
    $29,397 + $5,188 related
    Filer's total
    $166,087 + $28,804 related

  • JEFFREY MAUL

    EXECUTIVE DIRECTOR - VP

    Total calculated
    $165,675
    From this org
    $127,697
    From related orgs
    $0
    Other
    $37,978
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,460
    Bonus
    $10,760
    Other
    $7,477
    Deferred
    $9,152
    Nontaxable benefits
    $28,826
    Filer's total
    $165,675

  • DEREK FEYERHERM

    VICE PRESIDENT

    Total calculated
    $129,500
    From this org
    $97,750
    From related orgs
    $16,198
    Other
    $15,552
    Hours/week
    34 + 6 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
HEALTH AND GOLF CLUB MEMBERSHIPS ARE PROVIDED FOR CHAMBER BUSINESS TO THE PRESIDENT AND VICE PRESIDENTS. ANY EXPENSES INCURRED THAT ARE NOT RELATED TO THE CHAMBER'S BUSINESS ARE PAID FOR PERSONALLY BY THE INDIVIDUALS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343199349306909

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