2023-11-15T09:46:13-06:00 2022-12-31 840930288 BROCK AND COMPANY CPAS PC 3711 JFK PARKWAY SUITE 315 FORT COLLINS CO 80525 990 2022-01-01 840201983 FORT COLLINS AREA CHAMBER OF COMMERCE FORT 9704823746 225 SOUTH MELDRUM FORT COLLINS CO 80521 ANN HUTCHISON PRESIDENT AND CEO 9704823774 2023-11-14 1 ANN HUTCHISON 999009999 0 LEE P ACKERMAN P01224102 9702237855 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANN HUTCHISON 225 SOUTH MELDRUM FORT COLLINS CO 80521 1430005 0 X WWW.FORTCOLLINSCHAMBER.COM X 1904 CO THE CHAMBER CHAMPIONS OUR COMMUNITY AND REGION'S QUALITY OF LIFE AND ECONOMIC VITALITY THROUGH STRONG BUSINESS ADVOCACY AND COLLABORATIVE LEADERSHIP. 26 25 13 400 19325 0 376014 146645 4094617 1212012 147766 704 -51637 -83073 4566760 1276288 0 0 0 0 287659 407887 0 0 0 1429964 1609138 1717623 2017025 2849137 -740737 5502237 4787117 893086 916900 4609151 3870217 X THE FORT COLLINS AREA CHAMBER OF COMMERCE CHAMPIONS OUR COMMUNITY AND REGION'S QUALITY OF LIFE AND ECONOMIC VITALITY THROUGH STRONG BUSINESS ADVOCACY AND COLLABORATIVE LEADERSHIP. 0 0 BUSINESS INITIATIVES - FIX NORTH I-25 BUSINESS ALLIANCE: THE ALLIANCE REPRESENTS THE BUSINESS PERSPECTIVE ON ISSUES IMPACTING THE MOBILITY OF THE NORTH I-25 CORRIDOR BETWEEN HIGHWAY 14 AND HIGHWAY 66. THE ALLIANCE IS AN ADVOCACY GROUP THAT: WORKS WITH GOVERNMENT AT ALL LEVELS TO SECURE FUNDING FOR EXPANDING NORTH I-25 TO THREE LANES, COMMUNICATES THE ECONOMIC IMPORTANCE OF A FUNCTIONAL I-25 CORRIDOR, AND EMPOWERS BUSINESSES AND THE PUBLIC TO GET INVOLVED.TALENT AND RECRUITMENT: PROGRAM TO IMPLEMENT STRATEGIES TO INSURE A COMPETITIVE ADVANTAGE FOR AREA EMPLOYERS THROUGH QUALITY WORKERS AND FOR AREA WORKERS THROUGH QUALITY JOBS.UNDER-EMPLOYMENT AND TALENT SHORTAGES ARE A GROWING REGIONAL PROBLEM, WHICH IS EXPECTED TO ACCELERATE AS OLDER WORKERS AGE OUT OF THE WORKFORCE.BUSINESS ENVIRONMENT: THE FORT COLLINS AREA CHAMBER WILL SERVE AS THE VOICE OF BUSINESS TO AGGRESSIVELY ADVOCATE THE PERSPECTIVE OF BUSINESS AND ENSURE PUBLIC OFFICIALS AND RESIDENTS UNDERSTAND THE STRONG CONNECTION BETWEEN BUSINESS VITALITY, JOBS AND HAVING A THE MEANS TO AFFORD PUBLIC SERVICES THAT GREATLY ENHANCE THE QUALITY OF COMMUNITY LIFE, SUCH AS GOOD SCHOOLS, PARKS AND BIKE PATHS. RETAINING KEY EMPLOYERS: THE FORT COLLINS AREA CHAMBER AND KEY PARTNERS WILL DELIBERATELY AND CONSISTENTLY MEET WITH FORT COLLINS-LOVELAND AREA EMPLOYERS TO EXPRESS COMMUNITY SUPPORT FOR THEM AND TO DETERMINE WHAT CAN BE DONE TO HELP THEM. ISSUES SUMMITS - HEALTH CARE SUMMIT: THE SUMMIT PROVIDES MEMBERS OF THE BUSINESS COMMUNITY WITH THE OPPORTUNITY TO DISCUSS DEVELOPMENTS IN HEALTH CARE, THE OUTLOOK FOR THE HEALTH CARE INDUSTRY IN THE FORT COLLINS REGION,AND ACTIONS THAT COULD STRENGTHEN THE HEALTH CARE SECTOR.REGIONAL ISSUES SUMMIT: THE REGIONAL ISSUES SUMMIT IS A FORUM THAT BRINGS ATTENTION TO SOME OF THE LARGER ISSUES FACING NORTHERN COLORADO, INCLUDING TRANSPORTATION, EMPLOYMENT TRENDS AND GAPS, AND WATER. NETWORKING AND EDUCATION EVENTS: THESE EVENTS ARE DESIGNED TO PROVIDE A FORUM AND ENCOURAGE MEMBER INTERACTION AND EDUCATION. THE EVENTS INCLUDE BUSINESS AFTER HOURS, THE ANNUAL GOLF TOURNAMENT, LEADS GROUPS, AND OTHER INFORMATIONAL SESSIONS. THE CHAMBER OFFERS MANY PROGRAMS AND SERVICES INCLUDING LEADERSHIP TRAINING,ADVOCACY,BUSINESS SHOWCASES, AND LEADS GROUPS. IT ALSO PRODUCES NEWSLETTERS AND PUBLICATIONS WHICH ARE MAILED TO MEMBERS IN ORDER TO CREATE A CLIMATE IN WHICH BUSINESSES CAN SUCCEED. REVENUES INCLUDE MEMBER DUES THAT ARE NOT SPECIFICALLY ASSOCIATED WITH ANOTHER PROGRAM, BUT WHICH SUPPORT ALL OF THE PROGRAMS.THE CHAMBER SERVES AS THE FISCAL SPONSOR FOR MULTIPLE INDUSTRY SECTOR PARTNERSHIPS BASED IN NORTHERN COLORADO. THESE PARTNERSHIPS REPRESENT COLLABORATIVE EFFORTS AMONG BUSINESS LEADERS TO TACKLE INDUSTRY-SPECIFIC CHALLENGES AND FOSTER GROWTH. AS OF THE YEAR ENDED DECEMBER 31, 2022, THE CHAMBER FULFILLS THE ROLE OF SPONSOR FOR GROUPS OPERATING WITHIN THE HEALTHCARE, CONSTRUCTION, AND HOSPITALITY SECTORS. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 43 0 1 13 1 1 1 0 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X THE CORPORATION 9704823746 225 S MELDRUM FORT COLLINS CO 80521 BRETT KEMP CHAIR 2.00 X X 0 0 0 CARRIE BAUMGART TREASURER 2.00 X X 0 0 0 RYAN SCHAEFER CHAIR ELECT 2.00 X X 0 0 0 KATE BAKER EXECUTIVE COMMITTEE 2.00 X X 0 0 0 MILES KAILBURN EXECUTIVE COMMITTEE 2.00 X X 0 0 0 NICOLE STAUDINGER IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 BRIAN MANNLEIN BOARD MEMBER 2.00 X 0 0 0 DAN SOUKUP BOARD MEMBER 2.00 X 0 0 0 DAN PROVAZNIK BOARD MEMBER 2.00 X 0 0 0 AMY PEZZANI BOARD MEMBER 2.00 X 0 0 0 ANGIE MILEWSKI BOARD MEMBER 2.00 X 0 0 0 SHAWN OSTOFF BOARD MEMBER 2.00 X 0 0 0 NICK HAWS BOARD MEMBER 2.00 X 0 0 0 AJAY MENON BOARD MEMBER 2.00 X 0 0 0 PATRICK MCMEEKIN BOARD MEMBER 2.00 X 0 0 0 BRANDON GREBE BOARD MEMBER 2.00 X 0 0 0 DEB KELLY BOARD MEMBER 2.00 X 0 0 0 MATT ROBENALT BOARD MEMBER 2.00 X 0 0 0 KEVIN UNGER BOARD MEMBER 2.00 X 0 0 0 CARRIE GILLIS BOARD MEMBER 2.00 X 0 0 0 LAUREN STOREBY BOARD MEMBER 2.00 X 0 0 0 CLAY BARTLETT BOARD MEMBER 2.00 X 0 0 0 MAT DINSMORE BOARD MEMBER 2.00 X 0 0 0 JENNIFER GUERO JOHNSON BOARD MEMBER 2.00 X 0 0 0 JOSH GUERNSEY BOARD MEMBER 2.00 X 0 0 0 ANN HUTCHISON PRESIDENT & CEO 50.00 X 141861 0 21917 141861 0 21917 1 0 1 0 0 132615 14030 146645 MEMBERSHIP DUES 900099 803222 803222 PROGRAM & SALES REVENU 900099 347921 347921 LEADERSHIP DEVELOPMENT 611430 40867 40867 ADVERTISING INCOME 541800 19325 19325 677 677 1212012 7298 7298 62030 68624 -6594 -6594 -6594 2020 85093 -83073 -83073 1276288 1192687 19325 -82369 X 141861 107855 37454 71333 49384 24055 4775 2108 29224 33034 42028 696 49998 6217 NORTHERN COLORADO PROSP 820624 EVENTS AND PROGRAMS 198050 LEADERSHIP GROUPS 61702 CONTRACT LABOR 55590 281037 2017025 648162 466689 282208 466094 3288636 2776455 94301 97908 45352 31983 1074043 634176 438689 439867 311923 250601 392966 257520 5502237 4787117 112719 205807 425489 473042 2364 11302 352514 226749 893086 916900 X 1139752 1033118 3469399 2837099 4609151 3870217 5502237 4787117 -740737 -54869 56672 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1268772 105204 357287 462491 114189 348302 25000 25000 800836 442172 358664 248207 192004 56203 439867 DEFERRED COMPENSATION PLAN 226749 RESTRICTED CASH 18329 ASSETS IN PROGRESS 12442 257520 DEFERRED COMPENSATION PLAN OBLIGATION 226749 226749 X 1363200 0 1363200 4775 -91687 -86912 1276288 2158806 146556 146556 2012250 4775 4775 2017025 PART X, LINE 2: FOOTNOTE IN THE ORGANIZATION'S FINANCIAL STATEMENTS REGARDING THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS. (FROM FORM 990, PAGE 3 LINE 11F) THE CHAMBER ENGAGES IN ACTIVITIES THAT CREATE UNRELATED BUSINESS INCOME. THESE ACTIVITIES GENERALLY INCUR EXPENSES IN EXCESS OF INCOME AND, ACCORDINGLY, NO UNRELATED BUSINESS INCOME TAX HAS EVER BEEN PAID. THESE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE CHAMBER APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN, THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF THE YEARS PRESENTED. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING COST REPORTED AS EXPENSE IN THE AUDIT REALIZED LOSS ON INVESTMENTS PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING COST REPORTED AS EXPENSE IN THE AUDIT UNREALIZED LOSS ON INVESTMENTS REALIZED LOSS ON INVESTMENTS 0 0 0 ANN HUTCHISON PRESIDENT & CEO 129261 0 12600 0 0 0 8676 0 13241 0 163778 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED IN DETAIL BY THE CEO AND THE FINANCE DIRECTOR AND BY THE FINANCE COMMITTEE BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE FORT COLLINS CHAMBER OF COMMERCE HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS PRESENTED TO THE BOARD OF DIRECTORS. THE ORGANIZATION MONITORS ANY CONFLICTS OF INTEREST THROUGHOUT THE YEAR AND REVIEWS THE POLICY EVERY FEW YEARS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD HAS A COMPENSATION COMMITTEE THAT REVIEWS THE PRESIDENT/CEO'S SALARY. THE REVIEW PROCESS AND THE DECISION IS DOCUMENTED. THE COMMITTEE IS CURRENTLY WORKING ON INCORPORATING COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE TO THE PUBLIC, UPON REQUEST, AT THE OFFICE. IN ADDITION, THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE, UPON REQUEST, TO ALL MEMBERS. FORM 990, PART IX, LINE 24E WORKFORCE AND LOCAL INITIATIVE 52,795. WORKFORCE DEVELOPMENT AND INTERNSHIPS 50,633. ADMINISTRATIVE EXPENSES 30,714. PROPERTY TAXES 25,685. COMMITTEE EXPENSES 25,033. MISCELLANEOUS 23,160. INVESTOR RELATIONS AND RECOGNITION 22,382. MEMBERSHIP INVESTMENT 17,128. WEBSITE 10,633. PERSONNEL EXPENSES 10,391. UTILITIES 8,865. TELEPHONE 3,298. BAD DEBT EXPENSE 320. FORM 990, PART XII, LINE 2C, AUDIT OVERSIGHT COMMITTEE: THE FINANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT. THE FINANCE COMMITTEE SHALL BE APPOINTED ANNUALLY BY THE CHAIR, SUBJECT TO CONFIRMATION BY THE BOARD. THE FINANCE COMMITTEE SHALL ADVISE THE BOARD OF THE FINANCIAL CONDITION OF THE CHAMBER ON A MONTHLY AND ANNUAL BASIS. THE FINANCE COMMITTEE SHALL BE COMPRISED OF THE TREASURER AND AT LEAST THREE ADDITIONAL BOARD MEMBERS.