Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 4 | - ARTICLE II: ADDS THE MISSION STATEMENT (OLD BYLAWS NEVER INCLUDED A MISSION/PURPOSE FOR THE ORGANIZATION). THE MISSION: DOWNTOWN PARTNERSHIP PROVIDES LEADERSHIP TO ENSURE THAT A VIBRANT DOWNTOWN COLORADO SPRINGS SERVES AS THE CIVIC, CULTURAL AND ECONOMIC HEART OF THE CITY. - ARTICLES III, IV: CLARIFIES THAT THE MEMBERSHIP STRUCTURE IS PARTICIPATORY ONLY, AND NOT GOVERNING/ VOTING MEMBERSHIP. - ARTICLE V (B) (1): BOARD SIZE IS 5 TO 19. PREVIOUS BYLAWS STATED 3 TO 27. - ARTICLE V (B) (1): SETS UP STAGGERED TERMS AS NEW BYLAWS ARE ADOPTED. - ARTICLE V (B) (1): BOARD TERMS ARE THREE YEARS, MAXIMUM TWO CONSECUTIVE. THIS IS THE SAME AS THE PREVIOUS BYLAWS, ALTHOUGH IT HAD NOT BEEN ENFORCED IN PRACTICE. NOTE THAT ANY BOARD MEMBER WHOSE TERM HAS EXPIRED COULD RETURN TO THE BOARD A YEAR LATER IF NOMINATED AND VOTED UPON BY THE BOARD TO SERVE AGAIN. - ARTICLE V (B) (2): ESTABLISHES EX OFFICIO BOARD POSITIONS FOR REPRESENTATIVES OF THE BID, DDA AND COMMUNITY VENTURES. THESE POSITIONS ARE FOR THE CHAIR OR A DESIGNATED REPRESENTATIVE OF THOSE BOARDS. THESE POSITIONS HAVE VOTING RIGHTS. PREVIOUS BYLAWS DID NOT ESTABLISH DESIGNATED REPRESENTATION FOR THE DOWNTOWN AFFILIATE BOARDS. - ARTICLE V (D) (1): ESTABLISHES QUORUM AS 50 PERCENT PLUS 1. THIS IS THE SAME AS THE PREVIOUS BYLAWS. - ARTICLE V (E) (1): A MINIMUM OF FOUR MEETINGS ANNUALLY SHALL BE HELD. - ARTICLE V (G) (1): PROCEDURES ARE ESTABLISHED FOR ELECTRONIC VOTING, IN WHICH AN ELECTRONIC VOTE IS CALLED FOR WITH A TIME LIMIT FOR RESPONSE AT MINIMUM OF 24 HOURS. NON-RESPONSES ARE CONSIDERED ABSTAINING. THIS IS IN KEEPING WITH RECENT ADDITIONS TO COLORADO STATUTE. PREVIOUS BYLAWS DID NOT MAKE PROPER ALLOWANCE FOR ELECTRONIC VOTING. - ARTICLE V (L): ESTABLISHES BOARD CHAIR. PREVIOUS BYLAWS ACCOUNTED FOR A BOARD PRESIDENT; THE CHANGE IS MADE TO ALLOW FOR, IN THE FUTURE IF THE BOARD SO CHOOSES, REPOSITIONING THE EXECUTIVE DIRECTOR POSITION AS PRESIDENT/CEO. - ARTICLE VI (A): ESTABLISHES THE FOLLOWING STANDING COMMITTEES: EXECUTIVE, NOMINATING, FINANCE, AUDIT. THE MEMBERS OF THESE COMMITTEES SHALL BE ESTABLISHED BY THE BOARD. THESE COMMITTEES ARE IN ALIGNMENT WITH STANDARD BEST PRACTICES FOR NONPROFIT CORPORATIONS. PREVIOUS BYLAWS DID NOT ESTABLISH SUCH COMMITTEES. - ARTICLE VI (A): ALLOWS THAT OTHER COMMITTEES (SUCH AS MEMBERSHIP) MAY BE ESTABLISHED BY THE BOARD BUT ARE NOT STANDING COMMITTEES. COMMITTEE CHAIRS ARE APPOINTED BY THE BOARD. PREVIOUS BYLAWS STATED THAT ALL COMMITTEE MEMBERS ARE APPOINTED BY THE BOARD PRESIDENT, WHICH IS FAR TOO CUMBERSOME AND UNNECESSARY. - ARTICLE VI (B) (1): ESTABLISHES THE EXECUTIVE COMMITTEE WITH THE FOLLOWING POSITIONS: CHAIR, IMMEDIATE PAST CHAIR, VICE CHAIR, TREASURER, SECRETARY, THE THREE EX-OFFICIO POSITIONS REPRESENTING THE BID, DDA AND COMMUNITY VENTURES. THE PREVIOUS BYLAWS DID NOT INCLUDE REPRESENTATION BY DOWNTOWN AFFILIATE BOARDS ON THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 6 | ORGANIZATION MEMBERSHIP IS A NON-FUNCTIONING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WILL BE REVIEWED BY THE BOARD OF DIRECTORS AT ITS REGULAR BOARD MEETING PRIOR TO THE RETURN BEING FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION REQUESTS BOARD MEMBERS DISCLOSE CONFLICTS OF INTEREST AS THEY ARISE. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION IS REVIEWED ANNUALLY BY THE JOINT BOARD EXECUTIVE COMMITTEE. SALARY STUDIES ARE UTILIZED AS NECESSARY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE AT ITS OFFICES UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | CONSULTANTS: PROGRAM SERVICE EXPENSES 53,474. MANAGEMENT AND GENERAL EXPENSES 10,095. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,569. |
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