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 III, line 2 | During the current year, the Chamber undertook two new program activities: Opportunity Youth and Mobility Choice. The Opportunity Youth Initiative is aimed at providing education, career opportunities, and support systems to 16 - 24 year-olds who are disconnected from work or school. The Mobility Choice Initiative is working to maximize existing investments in the Colorado transportation system by leveraging technology to plan for future workforce and employer mobility needs, thereby increasing economic opportunities and quality of life. |
| Form 990, Part VI, Section B, line 11 | The Form 990 is initially reviewed by the Director of Finance and Chief Operating Officer. The 990 is then distributed electronically to the Finance and Audit Committee for pre-read and then reviewed at a Finance and Audit Committee meeting. At the meeting, representatives from the firm that prepares the tax return present the 990 to the Committee. When the Committee is comfortable with the 990, the Committee recommends that it be presented for the Board of Directors for acceptance. A representative from the Finance and Audit Committee, typically the Chair, will present the 990 to the Board with assistance from representatives from the audit firm as necessary. If the Board votes to accept the 990, it is officially filed. |
| Form 990, Part VI, Section B, line 12c | Each conflict of interest questionnaire is reviewed internally and summarized by the Chief Operating Officer. This summary, along with any areas of concern, is then presented to the Finance and Audit Committee to determine if there are any conflicts. The Finance and Audit Committee presents a summary of their findings at a minimum of 2 to 3 times per year to the Board of Directors. |
| Form 990, Part VI, Section B, line 15 | The organization reviews the total compensation of the CEO, and other executive salaries using three sources - Mountain States Employers Council Salary Survey (MSEC), American Chamber of Commerce Executives Salary Survey, and Watson Wyatt Salary Survey or other comparable sources. In addition to utilizing these three independent sources, the organization also has a compensation committee consisting of three uncompensated Board members - the Chair of the Board, the Past Chair of the Board, and the Chair-Elect of the Board. The committee approves top management total compensation. |
| Form 990, Part VI, Section C, line 19 | The Chamber has a written policy detailing how documents are made accessible to the public, which was reviewed and approved by the Finance and Audit Committee. The governing documents, conflict of interest policy, and financial statements are all available upon written request, or upon email request to www.denverchamber.org. |
| Form 990, Part XI, line 9: | Donated ticket vouchers not used by year end 141,614. |
| Form 990, Part XII, Line 2c: | The Finance and Audit Committee is responsible for selecting the independent auditors and reviewing the results of the audit. The Committee meets annually with the independent auditors to receive the audit report and internal control recommendations, if any. There were no changes to this process in the current year. |
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