Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 3 | SEPARATION OF DIVISION IN 2019 EFFECTIVE JANUARY 1, 2019, THE SMALL BUSINESS AND DEVELOPMENT CENTER, ALSO KNOWN AS THE SBDC DIVISION, SEPARATED FROM THE ORGANIZATION. UNDER THE TERMS OF THE SEPARATION AGREEMENT, THE BUREAU IS OPERATING AS A SEPARATE LEGAL ENTITY AND HAS ORGANIZED AS A SEPARATE NONPROFIT CORPORATION UNDER COLORADO LAW. FURTHER, IT APPLIED FOR SEPARATE TAX-EXEMPT STATUS WITH THE INTERNAL REVENUE SERVICE AND IS NO LONGER REPORTED UNDER THE BOULDER CHAMBER OF COMMERCE. |
| FORM 990, PART VI, SECTION A, LINE 4 | AT THE SEPTEMBER 2019 BOARD MEETING AN UPDATE OF THE BY-LAWS WAS APPROVED THAT ADDED CLARIFICATION LANGUAGE RELATED TO CHAMBER MEMBERSHIP CANCELLATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | LINE 6 EXPLANATION - THERE ARE SEVEN DIFFERENT MEMBERSHIP LEVELS. EACH LEVEL OFFERS DIFFERENT BENEFITS TO THE MEMBERS. SUCH BENEFITS RANGE FROM RECOGNITION OF THE MEMBER ON WEBSITE AND PUBLICATIONS TO CREDITS TOWARDS EVENT FEES. ANY MEMBER CAN BE A CANDIDATE TO SIT ON THE BOARD OF DIRECTORS, BUT NEW BOARD MEMBERS ARE SELECTED FROM THE CANDIDATES BY THE EXISTING BOARD. |
| FORM 990, PART VI, SECTION A, LINE 6 | ALL BOULDER TOGETHER INVESTMENTS ARE TRACKED SEPARATELY AND WILL ONLY BE SPENT ON BOULDER TOGETHER WORK AND RELATED COSTS (E.G. EVENT, CONTRACTOR, SALARY) |
| FORM 990, PART VI, SECTION A, LINE 7B | LINE 7B EXPLANATION - MEMBERSHIP HAS THE POWER TO AMEND ANY BY-LAW BY VOTE AT AN ANNUAL MEETING OR AT ANY SPECIAL MEETING CALLED FOR THAT PURPOSE. |
| FORM 990, PART VI, SECTION B, LINE 11B | LINE 11B EXPLANATION - THE BOARD OF DIRECTORS RECEIVE AN ELECTRONIC VERSION OF THE RETURN FOR REVIEW AND THE VICE PRESIDENT AND CHIEF EXECUTIVE OFFICER REVIEW AND APPROVE THE RETURN BEFORE IT IS FILED WITH THE IRS. THE CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION SIGNS THE 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY DURING THE ANNUAL BOARD ORIENTATION. BOARD MEMBERS WHO HAVE A POTENTIAL CONFLICT ARE RESTRICTED FROM VOTING ON RELEVANT ISSUES. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE COMMITTEE DEVELOPS THE COMPENSATION PACKAGE FOR THE PRESIDENT/CEO. THE COMMITTEE REVIEWS SEVERAL SOURCES OF DATA TO DETERMINE THE COMPENSATION WHICH INCLUDES GUIDESTAR AND SURVEYS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO MEMBERS OF THE GENERAL PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | CONTRACT FEES: PROGRAM SERVICE EXPENSES 51,936. MANAGEMENT AND GENERAL EXPENSES 263. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,199. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 84,796. MANAGEMENT AND GENERAL EXPENSES 92,578. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 177,374. |
| FORM 990, PART XI, LINE 9: | TRANSFER OF NET ASSETS OF SBDC DIVISION -207,190. |
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