Responsible Reform for Colorado

“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. The 990 is then distributed electronically to the organization's Board of Directors for review and comment prior to filing.”

“Each conflict of interest questionnaire is reviewed internally and summarized by the Vice President of Finance and Operations of the Denver Metro Chamber of Commerce. This summary, along with any areas of concern, is then presented to the Board of Directors to determine if there are any conflicts.”

“The organization reviewed the total compensation of the CEO and other executives and a study was done to compare compensation plans of top chamber executives from around the nation as well as like organizations in the Denver region. Chamber and business association organizations with a similar operating budget and program of work were identified for inclusion in this survey. The survey included approximately 20 similar organizations. The survey results were given to the organization's compensation committee, which consists of three uncompensated Board members. The compensation committee reviewed the information and recommended appropriate salaries.”

“The governing documents and financial statements are available upon request.”

“Consultant: Program service expenses 53,500. Management and general expenses 0. Fundraising expenses 3,500. Total expenses 57,000. Audit and tax prep: Program service expenses 0. Management and general expenses 3,500. Fundraising expenses 0. Total expenses 3,500.”

“The Denver Metro Chamber of Commerce board of directors is responsible for selecting the independent auditors and overseeing the audit process. There were no changes in the oversight or selection process in the current year.”