Lincoln Chamber Economic Development Corporation
- Assets
- $1.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 37
- Location
- Lincoln, NE
- Founding
- 08/1965
- Data as of
- 12/2021
- EIN
- 47-6036618
Organization Overview
Lincoln Chamber Economic Development Corporation is located in Lincoln, NE. The organization was established in 1965. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Lincoln Chamber Economic Development Corporation employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Chamber Economic Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Lincoln Chamber Economic Development Corporation generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lincoln Chamber Economic Development Corporation has awarded 27 individual grants totaling $2,500,167. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE RETENTION, EXPANSION, AND LOCATION OF HIGH-INCOME JOBS AND NEW ECONOMY INDUSTRIES TO THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF INDUSTRIAL DEVELOPMENT IN THE CITY OF LINCOLN, NEBRASKA AND SERVING ALL CITIZENS OF THE CITY THROUGH THE "CONTINUE BUSINESS SURVEY PROGRAM," BY COORDINATING CORPORATE HEADQUARTER VISITS, INSTITUTING/PARTICIPATING IN KEY INDUSTRY COUNCILS AND PROMOTING UNIVERSITY-INDUSTRY LINKAGES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucas Peltz Vice President | 40 | $130,708 | |
Wendy Birdsall President | Officer | 16.7 | $125,977 |
Derek Feyerherm Senior Director | 4 | $10,235 | |
Bruce Bohrer VP Of Economic Development | 2 | $6,870 | |
Bob Caldwell Treasurer | Officer | 1 | $0 |
Marc Lebaron Board Chair | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,500 |
| Government grants | $900,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $904,500 |
| Total Program Service Revenue | $829,110 |
| Investment income | $128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,740,188 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $425,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,633 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $582,432 |
| Pension plan accruals and contributions | $34,444 |
| Other employee benefits | $84,185 |
| Payroll taxes | $49,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,339 |
| Advertising and promotion | $0 |
| Office expenses | $8,315 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,380 |
| Travel | $4,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,289 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,149 |
| All other expenses | $6,956 |
| Total functional expenses | $1,736,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,156,144 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,156,144 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $554,917 |
| Net assets with donor restrictions | $601,227 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,156,144 |
Grants Awarded
Over the last fiscal year, Lincoln Chamber Economic Development Corporation has awarded $425,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Lincoln, NE PURPOSE: NMOTION ACCELERATOR STUDIO PROGRAM | $300,000 |
SUB GURU LLC PURPOSE: LAUNCH LNK | $25,000 |
OCULI DATA LLC PURPOSE: LAUNCH LNK | $25,000 |
IRONSUN PURPOSE: LAUNCH LNK | $25,000 |
JOB SHARE CONNECT PURPOSE: LAUNCH LNK | $25,000 |
CORRAL TECHNOLOGIES PURPOSE: LAUNCH LNK | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lincoln Chamber Economic Development Corporation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
United Way Of Lincoln And Lancaster County Lincoln, NE PURPOSE: COMMUNITY COLLABORATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Central Nebraska Community Action Partnership Inc Loup City, NE | $11,182,517 | $15,277,585 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |
South Central Missouri Community Action Agency Winona, MO | $9,962,741 | $13,195,865 |
Community Action Agency Of St Louis County Inc Overland, MO | $8,798,142 | $11,519,810 |
Missouri Ozarks Community Action Inc Richland, MO | $5,332,048 | $11,016,032 |
Urban Land Conservancy Denver, CO | $141,352,888 | $31,846,899 |
Childserve Community Options Inc Johnston, IA | $2,057,993 | $11,623,811 |
Health Care Coalition Of Lafayette County Lexington, MO | $6,605,075 | $10,749,967 |