TY 2019 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) SHELLEY POPKE......................................................................
VICE PRESIDENT

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

(4) KEVIN KOVAL......................................................................
TREASURER

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

(5) FRANK STICHTER......................................................................
DIRECTOR

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

(6) GARY HURESKY......................................................................
DIRECTOR

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

(7) NIKKI PULITZER......................................................................
DIRECTOR

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

(8) LAURA BRODIE......................................................................
DIRECTOR

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

(9) STEPHANIE BLEWETT......................................................................
DIRECTOR

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

(10) MALLIKA MAGNER......................................................................
CRESTED BUTTE EX-OFFICIO

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

(11) JANET FARMER......................................................................
MT CRESTED BUTTE EX-OFFICIO

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)BUTTE BUCKS	10,019
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........	10,019

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

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	500,590
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	500,590
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	500,590

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	489,652
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	489,652
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	489,652

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, 2019, THE CHAMBER HAD AN EXCESS OF REVENUE OVER EXPENSES FROM DONOR RESTRICTED INCOME TO BE USED IN 2019. 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 AMOUNTS IDENTIFIED OR RECORDED AS LIABILITIES OR ASSETS FOR THE YEAR ENDED DECEMBER 31, 2019.

- 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

2019

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 7,501. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 7,501. TOTAL EXPENSES 15,002. CRAFTED EVENT: PROGRAM SERVICE EXPENSES 7,205. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 7,205. TOTAL EXPENSES 14,410. BUILDING EXPENSES : PROGRAM SERVICE EXPENSES 4,724. MANAGEMENT AND GENERAL EXPENSES 3,227. FUNDRAISING EXPENSES 3,572. TOTAL EXPENSES 11,523. UTILITIES : PROGRAM SERVICE EXPENSES 4,218. MANAGEMENT AND GENERAL EXPENSES 2,880. FUNDRAISING EXPENSES 3,189. TOTAL EXPENSES 10,287. PEDAL PADDLE POLE EVENT: PROGRAM SERVICE EXPENSES 8,169. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,169. LIGHT UP THE NIGHT: PROGRAM SERVICE EXPENSES 7,120. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,120. STAFF DEVELOPMENT : PROGRAM SERVICE EXPENSES 1,483. MANAGEMENT AND GENERAL EXPENSES 1,013. FUNDRAISING EXPENSES 1,122. TOTAL EXPENSES 3,618. MEMBERSHIP : PROGRAM SERVICE EXPENSES 3,162. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,162. EVENT PROGRAM - GENERAL: PROGRAM SERVICE EXPENSES 1,385. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,385. TOTAL EXPENSES 2,770. RIDE THE ROCKIES: PROGRAM SERVICE EXPENSES 2,353. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,353. AWARDS : PROGRAM SERVICE EXPENSES 1,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,000. TOTAL EXPENSES 2,000. MARKETING : PROGRAM SERVICE EXPENSES 968. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 968. TOTAL EXPENSES 1,936. OH BE JOYFUL EVENT: PROGRAM SERVICE EXPENSES 1,674. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,674. BUSINESS AFTER HOURS : PROGRAM SERVICE EXPENSES 1,572. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,572. MISCELLANEOUS : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,104. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,104. HOLIDAY : PROGRAM SERVICE EXPENSES 834. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 834. SIDEWALK SALE : PROGRAM SERVICE EXPENSES 672. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 672. MARDI GRAS : PROGRAM SERVICE EXPENSES 521. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 521. BUTTE BUCKS : PROGRAM SERVICE EXPENSES 78. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 78. TOTAL EXPENSES 156.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

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 2019 (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 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	312,154	337,823
9	Program service revenue (Part VIII, line 2g) .........	168,418	159,162
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)	6,024	3,605
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	486,596	500,590
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)	186,279	202,722
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 152,313
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	284,813	286,930
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	471,092	489,652
19	Revenue less expenses. Subtract line 18 from line 12.......	15,504	10,938
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	155,826	161,795
21	Total liabilities (Part X, line 26).............	66,448	61,479
22	Net assets or fund balances. Subtract line 21 from line 20.....	89,378	100,316

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 39,723 including grants of $ ) (Revenue $ )
	CHAMBER SERVICES - PROMOTION AND PROVISION OF BENEFITS FOR APPROXIMATELY 316 MEMBER ORGANIZATIONS

4b	(Code: ) (Expenses $ 71,206 including grants of $ ) (Revenue $ )
	VISITOR CENTER OPERATIONS

4c	(Code: ) (Expenses $ 90,275 including grants of $ ) (Revenue $ 162,767 )
	COMMUNITY EVENTS

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses201,204

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	98,498
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	239,325

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

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		337,823

		Business Code
2a	EVENT REVENUE	900099	159,162	159,162
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		159,162

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			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	OTHER INCOME		900099	3,605	3,605
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			3,605
12	Total revenue. See instructions.....			500,590	162,767	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, lines 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........	202,722	83,116	56,762	62,844
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 .........	3,560		3,560
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 ..	3,337		3,337
23	Insurance ...	9,913		9,913
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	FAT BIKE WORLD CHAMPS	76,920	38,460		38,460
b	ADMINISTRATION EXPENSES	54,339		54,339
c	CRESTED BUTTE BIKE WEEK	26,694	13,347		13,347
d	BEER AND CHILI EVENT	23,284	11,642		11,642
e	All other expenses	88,883	54,639	8,224	26,020
25	Total functional expenses. Add lines 1 through 24e	489,652	201,204	136,135	152,313
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 ........			125,337	1	106,265
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			10,713	4	29,116
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			195	9	11,895
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	16,340
b	Less: accumulated depreciation	10b	11,840	7,837	10c	4,500
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 ...........			11,744	15	10,019
16	Total assets. Add lines 1 through 15 (must equal line 33)...			155,826	16	161,795

17	Accounts payable and accrued expenses .....	6,858	17	8,935
18	Grants payable ...		18
19	Deferred revenue .........	59,590	19	52,544
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 any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			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..	66,448	26	61,479

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	89,378	27	100,316
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	89,378	32	100,316
33	Total liabilities and net assets/fund balances ........	155,826	33	161,795

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	11,840	4,500
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				4,500

(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
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)