| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE MEMBERS OF THE EXECUTIVE COMMITTEE ARE THE OFFICERS OF THE BOARD OF DIRECTORS (CHAIR, PAST-CHAIR, TWO VICE-CHAIRS, SECRETARY AND TREASURER). THEY HAVE THE POWER TO ACT ON CERTAIN, BUT VERY LIMITED, ISSUES AS A COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE CHAMBER SHALL HAVE THREE CLASSES OF MEMBERS. A. DUES PAYING VOTING MEMBERS. EACH VOTING MEMBER SHALL ONLY BE ENTITLED TO VOTE IN A MATTER REQUIRING GENERAL MEMBERSHIP APPROVAL OR ON ANY MATTER SUBMITTED TO A VOTE OF THE VOTING MEMBERS BY THE BOARD OF DIRECTORS. B. NON-DUES PAYING VOTING MEMBERS. THE CHAMBER MAY HAVE SUCH CLASS OF NON-DUES PAYING VOTING MEMBERS AS MAY BE DESIGNATED FROM TIME TO TIME IN THE MANNER DETERMINED BY THE BOARD OF DIRECTORS. C. NON-VOTING MEMBERS. THE CHAMBER MAY HAVE SUCH CLASS OF NON-DUES PAYING NON-VOTING MEMBERS AS MAY BE DESIGNATED FROM TIME TO TIME IN THE MANNER DETERMINED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL MEMBERS OF BCC HAVE THE AUTHORITY TO ELECT OR APPOINT NEW MEMBERS TO THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE FILING IS AVAILABLE, THE ORGANIZATION FURNISHES A COPY OF THE FORM 990 FOR REVIEW BY THE BOARD TREASURER. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS' (EC) PERFORMANCE EVALUATION AND COMPENSATION REVIEW PROCESS WAS AS FOLLOWS: - CEO COMPLETED A SELF-EVALUATION USING A FORM USED IN PRIOR YEARS AND PROVIDED TO THE EC. - EACH EXECUTIVE COMMITTEE BOARD MEMBER WAS CONSULTED FOR FEEDBACK REGARDING THE SELF EVALUATION AND THEIR RATING OF PERFORMANCE IN EACH CATEGORY. - CHAIR USED COMPILED INFORMATION TO COMPLETE A PERFORMANCE EVALUATION USING THE SAME FORM. - EC FINALIZED EVALUATION, COMPENSATION ADJUSTMENT AND BONUS. ADJUSTMENTS WERE CALCULATED USING INTERNAL DATA AND DATA FROM THE COLORADO ASSOCIATION OF CHAMBER EXECUTIVES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
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