Colorado Chautauqua Association

“Any individual 18 years of age or older can pay dues to become a member of the association. There is only one class of members.”

“The ceo, cfo and all board members have the opportunity to review form 990 and to ask questions of the tax preparer (outside cpa firm) prior to filing with the irs.”

“The board of directors and all staff members provide annual disclosures of potential conflicts of interest to the board chair. The board chair, board secretary, and ceo review the disclosures to determine whether a conflict exists. If a conflict arises on a particular transaction, that individual will be allowed to participate in deliberations and decisions regarding the transaction only if the board believes the conflicted person will put the organization's interests first; otherwise, participation is prohibited. There is an ongoing obligation on the board of directors and staff to update conflicts after the annual disclosure is filed.”

“The ceo works at the pleasure of the board. All staff, including key staff, work for the ceo. Compensation for the ceo is determined by the board. Compensation for staff is determined by the ceo. A compensation study for all positions is conducted every 2-3 years and during interim periods. The organization uses msec data on projected pay increases in the boulder/denver area. The compensation study is compiled by an independent hr professional. The data for the ceo is given to the board and they deliberate and determine pay changes for the ceo. A personnel action notice is given to hr reflecting the change in pay for the ceo and is signed by a board member.”

“The annual form 990 is available on guidestar.org and upon request. Documentation of the organization's tax exempt status is available upon request.”

“A summary of the audited financial statements is included in the annual report, which is e mailed to members and available on the organization's web site. Governing documents and conflict of interest policy are also available on the website and in the organization's office. The board of directors meeting agendas are posted on the organization's website one week before the meeting. Approved minutes from the board of director meetings are posted on the organization's website following approval at the subsequent meeting.”

“Contract labor: program service expenses 146,340. Management and general expenses 0. Fundraising expenses 211. Total expenses 146,551. Promoter and other professional fees: program service expenses 1,755,661. Management and general expenses 66,115. Fundraising expenses 3,360. Total expenses 1,825,136.”