| Return Reference | Explanation |
|---|---|
| Management duties delegation Part VI line 3 | THE ORGANIZATION HAS OUTSOURCED THE EXECUTIVE DIRECTOR POSITION TO STATEGIC MARKETING SOLUTIONS INC. STRATEGIC MARKETING SOLUTIONS INC IS COMPENSATED ANNUALY FOR ITS SERVICES. |
| Form 990 governing body review Part VI line 11 | THE ORGANIZATION ENGAGES AN OUTSIDE TAX PROFESSIONAL TO PREPARE THE ANNUAL TAX FILING FORM. THE TAX PREPARER PREPARES THE FORM 990 FROM FINANCIAL RECORDS MAINTAINED BY THE ORGANIZATION ON QUICKBOOKS. THE PREPARED FORM 990 IS SUBMITTED IN DRAFT TO THE EXECUTIVE DIRECTOR, CHAIRMAN OF THE BOARD, AND TREASURER FOR REVIEW. ONCE THE REVIEW PROCESS IS COMPLETE THE FORM IS FINALIZED AND FILED. THE FILING IS DISCUSSED IN AT AT LARGE BOARD MEETING. |
| CEO executive director top management comp Part VI line 15a | THE ONLY PAID POSITION IS THAT OF THE OUTSOURCED EXECUTIVE DIRECTOR. THE ANNUAL COMPENSATION IS DETERMINED APPROVED BY THE BOARD AND IS BASED UPON COMPARABLE DATA AND MARKET CONDITIONS. |
| Governing documents etc available to public Part VI line 19 | THE ORGANIZATION MAINTAINS A COMPREHENSIVE WEBSITE THAT DISCLOSES IMPORTANT INFORMATION. THE ORGANIZATIONS GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. REQUESTS FOR FINANCIAL INFORMATION AND PUBLIC TAX FILING INFORMATION ARE INFREQUENT. ACCOURDINGLY, SUCH REQUESTS ARE HANDLED BY THE EXECUTIVE DIRECTOR ON AN AS REQUIRED BASIS. THE COMPANY DOES NOT CHARGE A FEE FOR PROVIDING THIS INFORMATION. THE ORGANIZATIONS ANNUAL TAX FILING SERVES AS THE FINANCIAL STATEMENT. ADDITIONALY, THE FORM IS MADE AVAILABLE ON THIRD PARTY WEBSITES. |
| General explanation attachment | FORM 990 - ORGANIZATIONS MISSION STATEMENT THE ORGANIZATIONS MISSION IS TO BE A LEADING VENTURE CAPITAL ASSOCIATION IN THE 8 ROCKY MOUNTAIN STATES WITH A STRATEGIC INTENT OF MAKING THE REGION A TOP MARKET FOR VENTURE CAPITAL (VC) ACTIVITY. THE ORGANIZATION REPRESENTS THE INTEREST OF THE VCS AND VC BACKED COMPAINIES IN THE 8 STATE ROCKY MOUNTAIN REGION. |
| Software ID: | |
| Software Version: |