Nonprofit Management Services of Colorado

“Amendments to the organization's governing documents included the following: 1) removal of the sole member of the organization. The organization shall have no voting or non-voting members. 2) upon dissolution of the organization, assets shall be distributed to the supported organization identified in the governing documents. 3) updated the organization's charitable purposes to include support for a class of charitable and governmental behavioral health organizations that support individuals or families with an intellectual/cognitive, psychological or physical disability or a combination of these disabilities with a principal place of business in arapahoe county or elsewhere in colorado that are described in section 501(c)(3) or section 170(b)(1)(a)(v) and either section 509(a)(1) or section 509(a)(2) of the code. 4) the authority to appoint and/or elect the directors of the organization shall reside with continuum of colorado, the related tax-exempt supported organization.”

“Continuum of colorado, a related exempt organization, elects the board of nonprofit management services of colorado”

“The organization does not have any committees with the authority to act on behalf of the governing body.”

“The tax accountant prepares a draft of the form 990 which is reviewed by the vp of finance and the chief financial officer. Once all review comments and questions are cleared, the form is presented to the finance committee of the board of directors for approval. A copy of the tax return is made available to the board of directors for their review prior to filing with the irs.”

“Each member of the board of directors is asked to sign a conflict of interest statement annually. The board members are asked to disclose new conflicts of interest at each board meeting. Potential conflicts are reviewed by the cfo. Any directors with a conflict of interest shall not vote or provide any influence on the conflicting matter.”

“For the compensation of top management officials and other key employees the organization uses the form 990 of other similar organizations, a compensation survey, and approval by the board of directors to establish the compensation amounts.”

“The organization's audited financial statement, governing documents, and conflict of interest statement are available upon request.”

“The compensation paid to the chief executive officer, chief financial officer, and the chief operating officer is paid for by nonprofit management services of colorado (nmsc). In addition to providing services to nmsc, top management officials listed above also provide services in their respective positions to other tax-exempt organizations. Although compensation is paid from nmsc, the amounts reported on form 990, part vii, section a represent compensation and benefits paid to these individuals for their services to the filing organization as well as other tax-exempt organizations. In addition, the hours reported on form 990, part vii, section a devoted to related organizations represents only a portion of the total hours top management officials devote to their respective positions. Provided below is the compensation and benefits paid to these individuals for their services provided to nmsc. Chief executive officer - $24,845 chief financial officer - $68,774 chief operating officer - $31,217”