Return Reference | Explanation |
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Form 990, Part VI, Section A, line 6 | The Board of Directors of the Williamsport/Lycoming Chamber of Commerce ("WLCOC") are Class A members of the Industrial Properties Corporation ("IPC"). Any person interested in Industrial development may apply for membership as a Class 3 member. |
Form 990, Part VI, Section A, line 7a | The Class A members elect the IPC Board of Directors. |
Form 990, Part VI, Section A, line 7b | The bylaws may be amended, altered, or repealed by a majority of Class A members. |
Form 990, Part VI, Section B, line 11b | Management and Board member representatives review Form 990 before filing the return. |
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 CFO. |
Form 990, Part VI, Section C, line 19 | Governing documents, conflict of interest policy, and financial statements are available upon request. |
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