Receive 1099 nec from corporate sponsor

Hi all, I'm treasurer for a 501(c)(3) non profit and we received a 1099 nec from one of our corporate sponsors from last year. We usually just file a 990n federally and our state charities form as our gross receipts are under 50k. Am I missing something? Do I have to do anything with the form other than file it away in our records?

submitted by /u/Whatevas123
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