Denver Metro Chamber of Commerce

“The form 990 is initially reviewed by the director of accounting and the senior vp of finance and operations. The 990 is then distributed electronically to the finance and audit committee for pre-read and then reviewed at a finance and audit committee meeting. At the meeting, representatives from the firm that prepares the tax return present the 990 to the committee. When the committee is comfortable with the 990, the committee recommends that it be presented for the board of directors for acceptance. A representative from the finance and audit committee, typically the treasurer, 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.”

“Each conflict of interest questionnaire is reviewed internally and summarized by the senior vp of finance and operations. This 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 executive committee two times per year or as conflicts are identified.”

“The organization reviews the total compensation of the president & ceo position using various sources, including 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 independent sources, the organization also has a compensation committee consisting of uncompensated board members. The committee reviews performance and sets top management total compensation on an annual basis. Once approved, the board chair submits official documentation to hr and the vp of finance and operations for processing and recordkeeping purposes.”

“In addition to following the process as set forth in 15a, the full board approves an annual budget that includes all planned compensation increases. All positions are benchmarked to independent salary surveys. The president and ceo has discretion to set all salaries based on market adjustments and/or performance. All positions are reviewed on an annual basis.”

“The chamber 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 request, or upon email request to [email protected].”

“The denver metro chamber of commerce is the architect of tomorrow, igniting change and driving progress to build dynamic economies and communities. We champion innovation, forge powerful partnerships, and relentlessly advocate for our members and all coloradans. With more than 150 years of trust and impact, we help business flourish.”

“Communications and community development: communicate the organization's focus and positions on issues including public policy and economic growth and equality to the business community and general public. Business services: the denver metro chamber of commerce has a number of free and low-cost programs for members to engage in as a benefit of membership. From monthly roundtables to intimate networking and access opportunities, the business services department finds a way for everyone to get involved.”

“The finance and audit committee is responsible for selecting the independent auditors and reviewing the results of the audit. The 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.”