TY 2018 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) JOSHUA FUTTERMAN......................................................................
PRESIDENT

1.00
.................

(2) HEATHER LEONARD......................................................................
SECRETARY

1.00
.................

(3) JON WOODWARD......................................................................
DIRECTOR

1.00
.................

(4) SHELLEY POPKE......................................................................
VICE PRESIDENT

1.00
.................

(5) KEVIN KOVAL......................................................................
DIRECTOR

1.00
.................

(6) FRANK STICHTER......................................................................
DIRECTOR

1.00
.................

(7) DAVID CLAYTON......................................................................
TREASURER

1.00
.................

(8) GARY HURESKY......................................................................
DIRECTOR

1.00
.................

(9) TIM JOHNSON......................................................................
DIRECTOR

1.00
.................

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

(a) Description	(b) Book value
(1) OTHER ASSETS	1,725
(2) BUTTE BUCKS	10,019
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........	11,744

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1	486,596
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e	0
3	Subtract line 2e from line 1..................	3	486,596
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c	0
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5	486,596

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1	471,092
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e	0
3	Subtract line 2e from line 1...................	3	471,092
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c	0
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5	471,092

Return Reference	Explanation
PART X, LINE 2:	THE CHAMBER IS A NON-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC) AND STATE INCOME TAXES UNDER REGULATIONS IN THE STATE OF COLORADO. THEREFORE, THE CHAMBER IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES IN CONNECTION WITH ITS EXEMPT ACTIVITIES. IN ADDITION, THE CHAMBER IS TREATED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A). FOR THE YEAR ENDED DECEMBER 31, 2018, THE CHAMBER HAD AN EXCESS OF REVENUE OVER EXPENSES FROM DONOR RESTRICTED INCOME TO BE USED IN 2019. AS OF DECEMBER 31, 2018, THE CHAMBER'S FEDERAL TAX RETURNS FOR 2015, 2016, AND 2017 ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE CHAMBER MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE CHAMBER AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED DECEMBER 31, 2018.

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

Open to Public
Inspection

Name of the organization

CRESTED BUTTE MT CRESTED BUTTE CHAMBER
OF COMMERCE

Employer identification number

84-0905627

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE STAFF AND BOARD MEMBERS REVIEW THE FORM 990 PRIOR TO FILING IT
FORM 990, PART VI, SECTION B, LINE 12C	THE DIRECTORS, OFFICERS, AND KEY EMPLOYEES ANNUALLY FILL OUT A CONFLICT OF INTEREST QUESTIONNAIRE AND IDENTIFY POSSIBLE CONFLICTS OF INTEREST
FORM 990, PART VI, SECTION B, LINE 15	THERE IS AN ANNUAL REVIEW AND COMPENSATION IS DETERMINED BY DATA FROM THE WESTERN ASSOCIATION OF CHAMBER EXECUTIVES
FORM 990, PART VI, SECTION C, LINE 19	ALL DOCUMENTS ARE AVAILABLE UPON REQUEST
FORM 990, PART IX, LINE 24E	FOURTH OF JULY EVENT : PROGRAM SERVICE EXPENSES 6,520. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 6,520. TOTAL EXPENSES 13,040. BUILDING EXPENSES : PROGRAM SERVICE EXPENSES 5,463. MANAGEMENT AND GENERAL EXPENSES 2,668. FUNDRAISING EXPENSES 4,574. TOTAL EXPENSES 12,705. UTILITIES : PROGRAM SERVICE EXPENSES 3,368. MANAGEMENT AND GENERAL EXPENSES 1,645. FUNDRAISING EXPENSES 2,820. TOTAL EXPENSES 7,833. PEDAL PADDLE POLE EVENT : PROGRAM SERVICE EXPENSES 7,579. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,579. LIGHT UP THE NIGHT : PROGRAM SERVICE EXPENSES 7,113. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,113. CRAFTED EVENT : PROGRAM SERVICE EXPENSES 3,514. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 3,514. TOTAL EXPENSES 7,028. STAFF/BOARD DEVELOPMENT EXPENSES : PROGRAM SERVICE EXPENSES 2,665. MANAGEMENT AND GENERAL EXPENSES 1,301. FUNDRAISING EXPENSES 2,231. TOTAL EXPENSES 6,197. AWARDS : PROGRAM SERVICE EXPENSES 2,548. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,548. TOTAL EXPENSES 5,096. MISCELLANEOUS : PROGRAM SERVICE EXPENSES 1,337. MANAGEMENT AND GENERAL EXPENSES 653. FUNDRAISING EXPENSES 1,119. TOTAL EXPENSES 3,109. MARKETING: PROGRAM SERVICE EXPENSES 1,445. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,445. TOTAL EXPENSES 2,890. EVENT PROGRAM- GENERAL : PROGRAM SERVICE EXPENSES 1,157. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,157. TOTAL EXPENSES 2,314. BUSINESS AFTER HOURS : PROGRAM SERVICE EXPENSES 1,674. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,674. OBJ : PROGRAM SERVICE EXPENSES 992. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 992. HOLIDAY : PROGRAM SERVICE EXPENSES 521. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 521. SIDEWALK SALE : PROGRAM SERVICE EXPENSES 466. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 466.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2018

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: ENCOURAGING ECONOMIC PROSPERITY BY PROMOTING AND PROTECTING THE BUSINESS INTEREST OF THE COMMUNITY
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	9
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	9
5	Total number of individuals employed in calendar year 2018 (Part V, line 2a) ......	5	12
6	Total number of volunteers (estimate if necessary) .............	6	11
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	244,406	312,154
9	Program service revenue (Part VIII, line 2g) .........	207,294	168,418
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	0	0
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	6,024
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	451,700	486,596
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	178,712	186,279
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 168,205
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	232,052	284,813
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	410,764	471,092
19	Revenue less expenses. Subtract line 18 from line 12.......	40,936	15,504
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	154,409	155,826
21	Total liabilities (Part X, line 26).............	20,945	66,448
22	Net assets or fund balances. Subtract line 21 from line 20.....	133,464	89,378

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 38,319 including grants of $ ) (Revenue $ )
	CHAMBER SERVICES - PROMOTION AND PROVISION OF BENEFITS FOR APPROXIMATELY 321 MEMBER ORGANIZATIONS

4b	(Code: ) (Expenses $ 72,604 including grants of $ ) (Revenue $ )
	VISITOR CENTER OPERATIONS

4c	(Code: ) (Expenses $ 90,756 including grants of $ ) (Revenue $ )
	COMMUNITY EVENTS

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses201,679

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b	94,968
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	217,186

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a - 1f:$
h Total. Add lines 1a-1f.......		312,154

		Business Code
2a	EVENT REVENUE	900099	168,418	168,418
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f ....		168,418

3 Investment income (including dividends, interest, and othersimilar amounts) ......
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss)......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss).....
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	OTHER INCOME		900099	6,024	6,024
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			6,024
12	Total revenue. See Instructions......			486,596	174,442	0	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21
2	Grants and other assistance to domestic individuals. See Part IV, line 22
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, line 15 and 16.
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	186,279	80,100	39,119	67,060
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....
13	Office expenses .......
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...	10,268		10,268
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	FBWC	98,062	49,031		49,031
b	ADMINISTRATION EXPENSES	45,554		45,554
c	BEER AND CHILI EVENT	27,710	13,855		13,855
d	CB BIKE WEEK	24,662	12,331		12,331
e	All other expenses	78,557	46,362	6,267	25,928
25	Total functional expenses. Add lines 1 through 24e	471,092	201,679	101,208	168,205
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			123,312	1	125,337
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			9,171	4	10,713
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L .............
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L ..............
					6
7	Notes and loans receivable, net ....				7
8	Inventories for sale or use ........				8
9	Prepaid expenses and deferred charges ......			200	9	195
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	16,340
b	Less: accumulated depreciation	10b	8,503	10,652	10c	7,837
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			11,074	15	11,744
16	Total assets. Add lines 1 through 15 (must equal line 34)...			154,409	16	155,826

17	Accounts payable and accrued expenses .....	11,995	17	6,858
18	Grants payable ...		18
19	Deferred revenue .........	8,950	19	59,590
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	20,945	26	66,448

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets	133,464	27	89,378
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund ...		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	133,464	33	89,378
34	Total liabilities and net assets/fund balances ........	154,409	34	155,826

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....
b	Buildings ....
c	Leasehold improvements
d	Equipment ....	16,340	8,503	7,837
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				7,837

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII