2025-01-15T10:52:56-05:00 2024-08-31 841255164 KUNDINGER CORDER & MONTOYA PC 475 LINCOLN STREET SUITE 200 DENVER CO 80203 990 2023-09-01 742489854 DENVER METRO CHAMBER LEADERSHIP FOUNDATION DENV 3035348500 1445 MARKET STREET DENVER CO 80202 KRISTEN BLESSMAN PRESIDENT 3035348500 2024-01-15 true false KRISTIN CALDER P01720813 3035345953 2025-01-15 2023 2024-10-15 13:58:12Z KRISTEN BLESSMAN 1445 MARKET STREET DENVER CO 80202 2915847 false X DENVERLEADERSHIP.ORG X 1987 CO TO EDUCATE AND INSPIRE PEOPLE WHO WANT TO MAKE A DIFFERENCE AS LEADERS IN THEIR COMMUNITY. 48 47 10 350 0 1160961 1315679 1235477 1315009 84980 199519 0 2481418 2830207 174848 133350 0 1074951 991827 0 211674 1180121 1294554 2429920 2419731 51498 410476 9223529 4602708 1368243 1498730 7855286 3103978 X THE FOUNDATION HAS BUILT STRONG, DIVERSE LEADERS FOR MORE THAN 40 YEARS. THE VALUES THAT GUIDE US ARE THE SAME ONES WE SEE IN OUR COMMUNITY EVERY DAY. WE CALL THEM COLORADO'S CIVIC DNA, AND WE PASS THEM ON IN EVERYTHING WE DO: INCLUSIVITY, COLLABORATION, SHARED VISION, LEADERSHIP, RESPONSIBILITY. AN AFFILIATE ORGANIZATION OF THE DENVER METRO CHAMBER OF COMMERCE, THE FOUNDATION IS THE STATE'S PREMIER LEADERSHIP ORGANIZATION WITH A HISTORY OF PREPARING AND CONNECTING LEADERS FROM THE BUSINESS AND CIVIC COMMUNITIES TO STRENGTHEN COLORADO'S FUTURE. THE LEADERSHIP FOUNDATION HELPS EMERGING AND RECOGNIZED LEADERS EXPAND THEIR SKILLS, ENHANCE THEIR KNOWLEDGE OF LOCAL AND STATE ISSUES, AND LEVERAGE THEIR INDIVIDUAL PASSION TO MAKE POSITIVE CHANGES IN OUR COMMUNITY. THE FOUNDATION ALSO ENHANCES INDIVIDUAL, CAREER AND PROFESSIONAL GROWTH WHILE CREATING VALUE FOR PARTICIPATING COMPANIES. false false 641111 586275 LEADERSHIP EXCHANGE: LEADERSHIP EXCHANGE IS AN ANNUAL CITY-TO-CITY EXCHANGE THAT BRINGS DENVER'S PROMINENT BUSINESS AND CIVIC LEADERS TOGETHER TO DISCUSS THE INNOVATIONS AND BEST PRACTICES OF ANOTHER CITY FACING RELEVANT BUSINESS AND POLICY ISSUES WHILE STRENGTHENING THE COLLECTIVE VISION AND COLLABORATION IN OUR OWN COMMUNITY. INCLUSIVE OF CONTRIBUTIONS MADE TO THE PROGRAM IN FISCAL YEAR 2024, THIS PROGRAM GENERATED TOTAL REVENUE OF 953,091 AND EXPENSES OF 641,111 FOR A PROGRAM NET OF 311,980. 185660 112800 B:CIVIC PROVIDES COMPANIES OF ALL TYPES AND SIZES THE INFORMATION, INSIGHT AND A NETWORK TO LEARN MORE ABOUT HOW TO BE CIVIC-MINDED WHILE MEETING BUSINESS GOALS. INCLUSIVE OF CONTRIBUTIONS MADE TO THE PROGRAM IN FISCAL YEAR 2024, THIS PROGRAM GENERATED TOTAL REVENUE OF 354,183. THERE WERE PROGRAM EXPENSES OF 185,660 WITH ADDITIONAL EXPENSES COVERING FUNDRAISING OF 84,103 AND MG&A OF 35,346. TOTAL NET REVENUE FOR B:CIVIC WAS 49,074. 155193 7000 203088 IMPACT DENVER BUILDS CONFIDENCE AND LEADERSHIP SKILLS FOR YOUNG PROFESSIONALS WHILE INTRODUCING THEM TO TOPICS OF SIGNIFICANCE TO THE REGION. INCLUSIVE OF CONTRIBUTIONS MADE TO THE PROGRAM IN FISCAL YEAR 2024, THIS PROGRAM GENERATED TOTAL REVENUE OF 224,088 AND EXPENSES OF 155,193 FOR A PROGRAM NET OF 68,895. 644896 126350 412846 LEADERSHIP DENVER, ACCESS DENVER, LEADERSHIP ALUMNI NETWORK, LEADERSHIP FELLOWS, COLORADO LEADERSHIP ALLIANCE,COMMUNITY PARTNERSHIPS, AND OTHER PROGRAMS ARE DESIGNED TO PREPARE AND CONNECT LEADERS FROM THE BUSINESS AND CIVIC COMMUNITIES TO STRENGTHEN COLORADO'S FUTURE. LEADERSHIP DENVER IS AN 11-MONTH PROGRAM FOR ACTIVE LEADERS FOCUSED ON ASSUMING CIVIC LEADERSHIP ROLES IN THE DENVER METRO COMMUNITY. LEADERSHIP DENVER IS A BALANCE OF IN-DEPTH ISSUES SEMINARS, RETREATS, AND A GROUP COMMUNITY SERVICE PROJECT. INCLUSIVE OF CONTRIBUTIONS MADE TO THE PROGRAM IN FISCAL YEAR 2024, THIS PROGRAM GENERATED TOTAL REVENUE OF 295,385 AND EXPENSES OF 211,911 FOR A PROGRAM NET OF 83,474. ACCESS DENVER EXPOSES SENIOR-LEVEL DENVER EXECUTIVES TO THE INFLUENTIAL PEOPLE AND CRITICAL ISSUES OF THE DENVER AREA, PROVIDING AN EXCLUSIVE TWO- DAY INTRODUCTION TO THE CITY'S BUSINESS AND COMMUNITY LANDSCAPE. INCLUSIVE OF CONTRIBUTIONS MADE TO THE PROGRAM IN FISCAL YEAR 2024, THIS PROGRAM GENERATED TOTAL REVENUE OF 137,315 AND EXPENSES OF 68,975 FOR A PROGRAM NET OF 68,340. LEADERSHIP ALUMNI NETWORK TIES TOGETHER OVER 5,000 ALUMNI OF THE LEADERSHIP FOUNDATION'S PROGRAMS, WHO REPRESENT THE DENVER METRO REGION'S BUSINESS, CIVIC, AND COMMUNITY LEADERS. INCLUSIVE OF CONTRIBUTIONS MADE TO THE PROGRAM IN FISCAL YEAR 2024, THIS PROGRAM GENERATED TOTAL REVENUE OF 17,500 AND EXPENSES OF 66,553 FOR A PROGRAM LOSS OF (49,053). LEADERSHIP FELLOWS HELPS LEADERS WITH A DEEP COMMITMENT TO COLORADO TO FURTHER DEVELOP THEIR LEADERSHIP SKILLS SO THEY CAN INCREASE THEIR BUSINESS AND CIVIC IMPACT. INCLUSIVE OF CONTRIBUTIONS MADE TO THE PROGRAM IN FISCAL YEAR 2024, THIS PROGRAM GENERATED TOTAL REVENUE OF 93,446 AND EXPENSES OF 120,218 FOR A PROGRAM NET LOSS OF (26,772). THE COLORADO LEADERSHIP ALLIANCE DEVELOPS THE NEXT GENERATION OF COLORADO'S LEADERS THROUGH A CONSORTIUM OF LEADERSHIP EDUCATION PROGRAMS AT UNDERGRADUATE INSTITUTIONS ACROSS COLORADO. CLA COORDINATES A RICH ARRAY OF PROGRAMMATIC AND RESOURCE DEVELOPMENT SUPPORT FOR ITS PROGRAMS ON MORE THAN THIRTEEN CAMPUSES (CSU-FT. COLLINS, CSU-PUEBLO, THE US AIR FORCE ACADEMY, CU-BOULDER, CU-COLORADO SPRINGS, CU-DENVER, UNIVERSITY OF DENVER, UNIVERSITY OF NORTHERN COLORADO, REGIS UNIVERSITY, METROPOLITAN STATE UNIVERSITY OF DENVER, OTERO JUNIOR COLLEGE, FRONT RANGE COMMUNITY COLLEGE AND JOHNSON & WALES UNIVERSITY). INCLUSIVE OF CONTRIBUTIONS MADE TO THE PROGRAM IN FISCAL YEAR 2024, THIS PROGRAM GENERATED TOTAL PROGRAM REVENUE TOTALED 0, AND EXPENSES OF 10,188 FOR A PROGRAM NET LOSS OF (10,188). COMMUNITY PARTNERSHIPS PROGRAM REVENUE TOTALED 0, AND EXPENSES TOTALED 31,835, FOR A NET LOSS OF (31,835). INCLUSIVE OF CONTRIBUTIONS MADE TO OTHER PROGRAMS IN FISCAL YEAR 2024, OTHER PROGRAMS GENERATED REVENUE TOTALING 0 AND EXPENSES OF 135,216, FOR PROGRAM LOSSES OF (135,216). 644896 126350 412846 1626860 true true false false false false false false false true true false false false true false true true false false false false false false true false false true true true false false false false false false false false false false false false false true false false false true 14 0 true 10 true false false false false true false true true false false false false false false false false X 48 47 false false false false false false false true true false false true true true true true true true true false X DENVER METRO CHAMBER OF COMMERCE 3035348500 1445 MARKET STREET DENVER CO 80202 JEROME DAVIS PRESIDENT 40.00 X 273917 0 19551 JONATHAN AMENT OFFICER 1.00 39.00 X X 0 380501 26896 TYLER SMITH BOARD CHAIR 2.00 1.00 X X 0 0 0 PAUL LHEVINE VICE CHAIR 1.00 X X 0 0 0 KAYLA GARCIA SECRETARY 1.00 X X 0 0 0 ERIN JONES TREASURER 1.00 X X 0 0 0 ADEEB KHAN DIRECTOR 1.00 X 0 0 0 ALEXANDRA BALLAS DIRECTOR 1.00 X 0 0 0 ANGELA MORRISON DIRECTOR 1.00 X 0 0 0 CHANTELL TAYLOR DIRECTOR 1.00 X 0 0 0 CHRIS ROSS DIRECTOR 1.00 X 0 0 0 DAVID ESPINOSA DIRECTOR 1.00 X 0 0 0 DEMESHA HILL DIRECTOR 1.00 X 0 0 0 DIANNE MYLES DIRECTOR 1.00 X 0 0 0 DIEDRA GARCIA DIRECTOR 1.00 X 0 0 0 DOUG MILLER DIRECTOR 1.00 X 0 0 0 GLORIA SCHOCH DIRECTOR 1.00 X 0 0 0 GUILLERMO LAMBARRI DIRECTOR 1.00 X 0 0 0 JENNIFER EITELJORG DIRECTOR 1.00 X 0 0 0 JEREMY MORGAN DIRECTOR 1.00 X 0 0 0 JESSICA ACOSTA DIRECTOR 1.00 X 0 0 0 JIM LICKO DIRECTOR 1.00 X 0 0 0 JOCELYN HITTLE DIRECTOR 1.00 X 0 0 0 JOE NIMMONS DIRECTOR 1.00 X 0 0 0 JOHN ROMERO DIRECTOR 1.00 X 0 0 0 KELLY DUNKIN DIRECTOR 1.00 X 0 0 0 LAUREN SCHMIDT DIRECTOR 1.00 X 0 0 0 LISHA BURNETT DIRECTOR 1.00 X 0 0 0 LORI DAVIS DIRECTOR 1.00 4.10 X 0 0 0 LUKE RAGLAND DIRECTOR 1.00 X 0 0 0 LYDIA MCCOY DIRECTOR 1.00 X 0 0 0 LYNNEA GREENE HUTTON DIRECTOR 1.00 X 0 0 0 MAGGIE DEHN DIRECTOR 1.00 X 0 0 0 MARIE LOGSDEN DIRECTOR 1.00 X 0 0 0 MAUREEN MCDONALD DIRECTOR 1.00 X 0 0 0 MEGAN MAHNCKE DIRECTOR 1.00 X 0 0 0 MEREDITH HINTZE DIRECTOR 1.00 X 0 0 0 MESHACH RHOADES DIRECTOR 1.00 X 0 0 0 MIKE KATZ DIRECTOR 1.00 X 0 0 0 MONICA WILLIAMS DIRECTOR 1.00 X 0 0 0 NOLBERT CHAVEZ DIRECTOR 1.00 X 0 0 0 SARAH HOGAN DIRECTOR 1.00 X 0 0 0 SCOTT HUTCHINGS DIRECTOR 1.00 X 0 0 0 SUSIE MOSS DIRECTOR 1.00 X 0 0 0 TIFFANY ANDERSON DIRECTOR 1.00 X 0 0 0 TYLER LYONS DIRECTOR 1.00 X 0 0 0 VANECIA KERR DIRECTOR 1.00 X 0 0 0 WILL SIMPKINS DIRECTOR 1.00 X 0 0 0 273917 380501 46447 1 false true false 119349 1196330 1315679 LEADERSHIP EXCHANGE 900099 586275 586275 LEADERSHIP DENVER 900099 227885 227885 IMPACT DENVER 900099 203088 203088 ACCESS DENVER 900099 116515 116515 B:CIVIC 900099 112800 112800 68446 68446 1315009 202508 202508 2989 -2989 -2989 -2989 82651 119349 82651 2830207 1315009 199519 125000 125000 8350 8350 234828 138548 72797 23483 608401 378613 113500 116288 23269 14547 4318 4404 63779 40119 12499 11161 61550 37996 13342 10212 100000 100000 93053 93053 180054 66816 110238 3000 14110 1528 12582 61456 43749 7103 10604 786892 739525 43750 3617 29983 18440 6542 5001 5550 3413 1211 926 EVENTS AND TRAINING 23456 10216 2844 10396 2419731 1626860 581197 211674 800793 821877 2779620 2968178 150000 11513 336107 578611 242801 170272 63322 72529 5243687 9223529 4602708 213204 278931 1034446 1164629 120593 55170 1368243 1498730 X 2410913 2830165 5444373 273813 7855286 3103978 9223529 4602708 X 410476 446991 -5608775 X X false true X true false X 1017333 881480 931962 1160961 1315679 5307415 1396842 653837 1297898 1235477 1315009 5899063 2414175 1535317 2229860 2396438 2630688 11206478 204800 91375 192025 152225 424675 1065100 204800 91375 192025 152225 424675 1065100 10141378 55254 154133 145285 84980 202508 642160 55254 154133 145285 84980 202508 642160 2469429 1689450 2375145 2481418 2833196 11848638 0.85590 0.86710 0.05000 0.05000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5243687 38248 326840 5608775 5083068 52642 256609 148632 5243687 5624867 49655 -442822 148632 5083068 4369803 64317 1339379 148632 5624867 4010515 69469 440952 151133 4369803 true false 242801 170272 72529 72529 DUE TO DMCC 55170 55170 3320921 446991 136776 583767 2737154 93053 93053 2830207 2463454 136776 136776 2326678 93053 93053 2419731 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION'S NET ASSETS WITH DONOR RESTRICTIONS INCLUDE ONE DONOR RESTRICTED ENDOWMENT FUND, THE FIRSTBANK COLORADO SCHOLARS ENDOWMENT FUND, THE PURPOSE OF WHICH IS TO PROVIDE UNDERGRADUATE SCHOLARSHIPS TO STUDENTS ENROLLED AT THE UNIVERSITY OF COLORADO AND OTHER COLORADO COLLEGES. THE FOUNDATION DIVESTED OF THE FUND AS OF MAY 2024. FUNDS TOTALING 5,608,775 WERE TRANSFERRED TO THE DENVER FOUNDATION. CIVIC LEADERSHI 202000 119349 82651 82651 202000 119349 82651 82651 82651 true DENVER METRO CHAMBER OF COMMERCE 1445 MARKET STREET DENVER CO 80202 840186760 501C6 125000 N/A N/A TO SUPPORT PROGRAMS 1 PROGRAM SCHOLARSHIPS 16 8350 N/A N/A SCHEDULE I, PAGE 1, PART I, LINE 2 THE ORGANIZATION RECEIVES RESTRICTED GIFTS ON BEHALF OF ITS RELATED ORGANIZATIONS. THE GIFTS ARE TRANSFERRED TO THESE AFFILIATES, WHICH ARE RESPONSIBLE FOR SPENDING OR UTILIZING THEM IN ACCORDANCE WITH DONOR INTENT. ALL ENTITIES ARE REQUIRED TO MAINTAIN RECORD OF APPROPRIATE EXPENDITURE ACCORDING TO THE GRANT AND MUST PARTICIPATE IN GRANT REPORTING TO DONORS. X X X false false false false false true false false false JEROME DAVIS PRESIDENT 229917 44000 8012 11539 293468 JONATHAN AMENT OFFICER 290501 90000 12789 14107 407397 SCHEDULE J, PAGE 1, PART I, LINE 6A EMPLOYEES AT VP LEVEL AND HIGHER ARE ELIGIBLE TO RECEIVE A YEAR-END BONUS. THE BONUS IS BASED ON THE PERFORMANCE OF ALL AFFILIATES IN REACHING THE ORGANIZATION'S OVERALL GOALS, THE NET EARNINGS OF THE FOUNDATION, PERSONAL PERFORMANCE, AND IS DEPENDENT UPON THE FOUNDATION ACHIEVING THE BOARD RECOMMENDED LEVEL OF RESERVE. FORM 990 - ORGANIZATION'S MISSION THE FOUNDATION HAS BUILT STRONG, DIVERSE LEADERS FOR MORE THAN 40 YEARS. THE VALUES THAT GUIDE US ARE THE SAME ONES WE SEE IN OUR COMMUNITY EVERY DAY. WE CALL THEM COLORADO'S CIVIC DNA, AND WE PASS THEM ON IN EVERYTHING WE DO: INCLUSIVITY, COLLABORATION, SHARED VISION, LEADERSHIP, RESPONSIBILITY. AN AFFILIATE ORGANIZATION OF THE DENVER METRO CHAMBER OF COMMERCE, THE FOUNDATION IS THE STATE'S PREMIER LEADERSHIP ORGANIZATION WITH A HISTORY OF PREPARING AND CONNECTING LEADERS FROM THE BUSINESS AND CIVIC COMMUNITIES TO STRENGTHEN COLORADO'S FUTURE. THE LEADERSHIP FOUNDATION HELPS EMERGING AND RECOGNIZED LEADERS EXPAND THEIR SKILLS, ENHANCE THEIR KNOWLEDGE OF LOCAL AND STATE ISSUES, AND LEVERAGE THEIR INDIVIDUAL PASSION TO MAKE POSITIVE CHANGES IN OUR COMMUNITY. THE FOUNDATION ALSO ENHANCES INDIVIDUAL, CAREER AND PROFESSIONAL GROWTH WHILE CREATING VALUE FOR PARTICIPATING COMPANIES. FORM 990, PAGE 2, PART III, LINE 4D LEADERSHIP DENVER, ACCESS DENVER, LEADERSHIP ALUMNI NETWORK, LEADERSHIP FELLOWS, COLORADO LEADERSHIP ALLIANCE,COMMUNITY PARTNERSHIPS, AND OTHER PROGRAMS ARE DESIGNED TO PREPARE AND CONNECT LEADERS FROM THE BUSINESS AND CIVIC COMMUNITIES TO STRENGTHEN COLORADO'S FUTURE. LEADERSHIP DENVER IS AN 11-MONTH PROGRAM FOR ACTIVE LEADERS FOCUSED ON ASSUMING CIVIC LEADERSHIP ROLES IN THE DENVER METRO COMMUNITY. LEADERSHIP DENVER IS A BALANCE OF IN-DEPTH ISSUES SEMINARS, RETREATS, AND A GROUP COMMUNITY SERVICE PROJECT. INCLUSIVE OF CONTRIBUTIONS MADE TO THE PROGRAM IN FISCAL YEAR 2024, THIS PROGRAM GENERATED TOTAL REVENUE OF 295,385 AND EXPENSES OF 211,911 FOR A PROGRAM NET OF 83,474. ACCESS DENVER EXPOSES SENIOR-LEVEL DENVER EXECUTIVES TO THE INFLUENTIAL PEOPLE AND CRITICAL ISSUES OF THE DENVER AREA, PROVIDING AN EXCLUSIVE TWO- DAY INTRODUCTION TO THE CITY'S BUSINESS AND COMMUNITY LANDSCAPE. INCLUSIVE OF CONTRIBUTIONS MADE TO THE PROGRAM IN FISCAL YEAR 2024, THIS PROGRAM GENERATED TOTAL REVENUE OF 137,315 AND EXPENSES OF 68,975 FOR A PROGRAM NET OF 68,340. LEADERSHIP ALUMNI NETWORK TIES TOGETHER OVER 5,000 ALUMNI OF THE LEADERSHIP FOUNDATION'S PROGRAMS, WHO REPRESENT THE DENVER METRO REGION'S BUSINESS, CIVIC, AND COMMUNITY LEADERS. INCLUSIVE OF CONTRIBUTIONS MADE TO THE PROGRAM IN FISCAL YEAR 2024, THIS PROGRAM GENERATED TOTAL REVENUE OF 17,500 AND EXPENSES OF 66,553 FOR A PROGRAM LOSS OF (49,053). LEADERSHIP FELLOWS HELPS LEADERS WITH A DEEP COMMITMENT TO COLORADO TO FURTHER DEVELOP THEIR LEADERSHIP SKILLS SO THEY CAN INCREASE THEIR BUSINESS AND CIVIC IMPACT. INCLUSIVE OF CONTRIBUTIONS MADE TO THE PROGRAM IN FISCAL YEAR 2024, THIS PROGRAM GENERATED TOTAL REVENUE OF 93,446 AND EXPENSES OF 120,218 FOR A PROGRAM NET LOSS OF (26,772). THE COLORADO LEADERSHIP ALLIANCE DEVELOPS THE NEXT GENERATION OF COLORADO'S LEADERS THROUGH A CONSORTIUM OF LEADERSHIP EDUCATION PROGRAMS AT UNDERGRADUATE INSTITUTIONS ACROSS COLORADO. CLA COORDINATES A RICH ARRAY OF PROGRAMMATIC AND RESOURCE DEVELOPMENT SUPPORT FOR ITS PROGRAMS ON MORE THAN THIRTEEN CAMPUSES (CSU-FT. COLLINS, CSU-PUEBLO, THE US AIR FORCE ACADEMY, CU-BOULDER, CU-COLORADO SPRINGS, CU-DENVER, UNIVERSITY OF DENVER, UNIVERSITY OF NORTHERN COLORADO, REGIS UNIVERSITY, METROPOLITAN STATE UNIVERSITY OF DENVER, OTERO JUNIOR COLLEGE, FRONT RANGE COMMUNITY COLLEGE AND JOHNSON & WALES UNIVERSITY). INCLUSIVE OF CONTRIBUTIONS MADE TO THE PROGRAM IN FISCAL YEAR 2024, THIS PROGRAM GENERATED TOTAL PROGRAM REVENUE TOTALED 0, AND EXPENSES OF 10,188 FOR A PROGRAM NET LOSS OF (10,188). COMMUNITY PARTNERSHIPS PROGRAM REVENUE TOTALED 0, AND EXPENSES TOTALED 31,835, FOR A NET LOSS OF (31,835). INCLUSIVE OF CONTRIBUTIONS MADE TO OTHER PROGRAMS IN FISCAL YEAR 2024, OTHER PROGRAMS GENERATED REVENUE TOTALING 0 AND EXPENSES OF 135,216, FOR PROGRAM LOSSES OF (135,216). FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS INITIALLY REVIEWED BY THE DIRECTOR OF ACCOUNTING AND VICE PRESIDENT OF FINANCE AND OPERATIONS OF THE DENVER METRO CHAMBER OF COMMERCE, AS WELL AS THE MANAGER OF FINANCE AND OPERATIONS AND THE PRESIDENT OF THE FOUNDATION. THE 990 IS THEN DISTRIBUTED ELECTRONICALLY TO THE FOUNDATION FINANCE AND AUDIT COMMITTEE FOR PRE-READ AND THEN REVIEWED AT A FINANCE AND AUDIT COMMITTEE MEETING. AT THE MEETING, REPRESENTATIVES FROM THE AUDIT FIRM PRESENT THE 990 TO THE COMMITTEE. WHEN THE COMMITTEE IS COMFORTABLE WITH THE 990, THE COMMITTEE WILL THEN RECOMMEND THAT IT BE PRESENTED TO THE FOUNDATION BOARD OF DIRECTORS FOR ACCEPTANCE. A REPRESENTATIVE FROM THE FINANCE AND AUDIT COMMITTEE, TYPICALLY THE CHAIR, WILL PRESENT THE 990 TO THE BOARD WITH ASSISTANCE FROM REPRESENTATIVES FROM THE AUDIT FIRM AS NECESSARY. IF THE BOARD VOTES TO ACCEPT THE 990, IT IS OFFICIALLY FILED. FORM 990, PAGE 6, PART VI, LINE 12C EACH CONFLICT OF INTEREST QUESTIONNAIRE IS REVIEWED INTERNALLY AND SUMMARIZED BY THE FOUNDATION'S MANAGER OF FINANCE AND OPERATIONS. THIS SUMMARY, ALONG WITH ANY DISCLOSURES, IS REVIEWED BY THE CHAMBER'S VICE PRESIDENT OF FINANCE AND OPERATIONS TO DETERMINE IF THERE ARE CONCERNS OR IF ADDITIONAL INFORMATION IS NEEDED. THE SUMMARY, ALONG WITH ANY AREAS OF CONCERN, IS THEN PRESENTED TO THE FINANCE AND AUDIT COMMITTEE TO DETERMINE IF THERE ARE ANY CONFLICTS. THE FINANCE AND AUDIT COMMITTEE PRESENTS A SUMMARY OF THEIR FINDINGS TO THE FOUNDATION BOARD. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION REVIEWS THE TOTAL COMPENSATION OF THE PRESIDENT POSITION USING THREE SOURCES - EMPLOYERS COUNCIL SALARY SURVEY (EC), AMERICAN CHAMBER OF COMMERCE EXECUTIVES SALARY SURVEY, AND WATSON WYATT SALARY SURVEY OR OTHER COMPARABLE DATA SOURCES TO EVALUATE ALL SALARIES. IN ADDITION TO UTILIZING THESE THREE INDEPENDENT SOURCES, THE ORGANIZATION ALSO HAS A COMPENSATION COMMITTEE CONSISTING OF THREE UNCOMPENSATED BOARD MEMBERS - THE CHAIR OF THE BOARD, THE PAST CHAIR OF THE BOARD, AND THE CHAIR-ELECT OF THE BOARD. THE COMMITTEE APPROVES TOP MANAGEMENT TOTAL COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B SAME AS 15A. FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION HAS A WRITTEN POLICY DETAILING HOW DOCUMENTS ARE MADE ACCESSIBLE TO THE PUBLIC, WHICH WAS REVIEWED AND APPROVED BY THE FINANCE AND AUDIT COMMITTEE. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON WRITTEN OR IN-PERSON REQUEST AT FOUNDATION HEADQUARTERS, OR UPON EMAIL REQUEST TO INFO@DENVERLEADERSHIP.ORG FORM 990, PART XI, LINE 9 DIVESTMENT OF ENDOWMENT FUND -5,608,775 FORM 990, PAGE 12, PART XII, LINE 2C THE FINANCE AND AUDIT COMMITTEE IS RESPONSIBLE FOR SELECTING THE INDEPENDENT AUDITORS AND REVIEWING THE RESULTS OF THE AUDIT. THE FINANCE AND AUDIT COMMITTEE MEETS ANNUALLY WITH THE INDEPENDENT AUDITORS TO RECEIVE THE AUDIT REPORT AND INTERNAL CONTROL RECOMMENDATIONS, IF ANY. THERE WERE NO CHANGES TO THIS PROCESS IN THE CURRENT YEAR. DENVER METRO CHAMBER OF COMMERCE 1445 MARKET STREET DENVER CO 80202 840186760 PART VII CO 501C6 N/A false false true false false false false false false false false false false true true true true false false false SCHEDULE R PART II, LINE (1), COLUMN (B), PRIMARY ACTIVITY: CHAMBER OF COMMERCE