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Nonprofiteer
← DENVER METRO CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by DENVER METRO CHAMBER OF COMMERCE.

Totals

Total revenue
$9,671,530
Total expenses
$10,237,836
Contributions and grants received
$8,710,360
Grants paid
$143,494
Program service revenue
$1,069,512
Investment income
-$108,342
Other revenue
$0
Total assets, end of year
$23,045,015
Total liabilities, end of year
$2,669,248
Net assets or fund balances, end of year
$20,375,767
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$6,615,163

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $7,188,725

  • 1d · Related organizations

    $20,216

  • 1f · All other contributions, gifts and grants

    $1,501,419

  • 1g · Noncash contributions included above

    $46,650

  • 2a · Program service revenue: MDEDC

    total $387,150 · related or exempt $387,150

  • 2b · Program service revenue: EVENTS

    total $375,592 · related or exempt $375,592

  • 2c · Program service revenue: BUSINESS SERVICES

    total $169,195 · related or exempt $169,195

  • 2d · Program service revenue: PUBLIC AFFAIRS

    total $75,375 · related or exempt $75,375

  • 2e · Program service revenue: COMMUNICATIONS

    total $62,200 · related or exempt $62,200

  • 3 · Investment income

    total -$108,342 · excluded -$108,342

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $143,494

  • 5 · Compensation of officers, directors and key employees

    total $1,025,506

  • 7 · Other salaries and wages

    total $4,073,028

  • 8 · Pension plan contributions

    total $121,628

  • 9 · Other employee benefits

    total $288,304

  • 10 · Payroll taxes

    total $358,618

  • 11b · Fees: legal

    total $10,969

  • 11d · Fees: lobbying

    total $365,438

  • 11g · Fees: other

    total $435,725

  • 12 · Advertising and promotion

    total $637,688

  • 13 · Office expenses

    total $91,044

  • 14 · Information technology

    total $129,021

  • 16 · Occupancy

    total $241,551

  • 19 · Conferences, conventions and meetings

    total $862,106

  • 22 · Depreciation, depletion and amortization

    total $226,663

  • 23 · Insurance

    total $44,451

  • 24a · Other expenses: EVENT EXPENSES

    total $974,352

  • 24b · Other expenses: FOUNDATION SHARED SERVICE

    total $121,600

  • 24c · Other expenses: IN-KIND GOODS

    total $46,650

  • 24d · Other expenses: SBDC SUPPORT

    total $40,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,401,829 · end of year $1,053,070

  • 2 · Savings and temporary cash investments

    beginning of year $5,919,266 · end of year $8,208,898

  • 4 · Accounts receivable

    beginning of year $14,466 · end of year $186,301

  • 9 · Prepaid expenses and deferred charges

    beginning of year $250,048 · end of year $299,312

  • 10a · Land, buildings and equipment: cost or other basis

    $2,825,093

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,074,240

  • 10c · Land, buildings and equipment, net

    beginning of year $768,101 · end of year $750,853

  • 12 · Investments: other securities

    beginning of year $12,219,399 · end of year $11,977,258

  • 15 · Other assets

    beginning of year $501,682 · end of year $569,323

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,668,203 · end of year $1,353,959

  • 19 · Deferred revenue

    beginning of year $1,279,124 · end of year $1,208,098

  • 25 · Other liabilities

    beginning of year $185,391 · end of year $107,191

  • 27 · Net assets without donor restrictions

    beginning of year $20,390,765 · end of year $19,903,441

  • 28 · Net assets with donor restrictions

    beginning of year $551,308 · end of year $472,326

Mission and programs · 2022

Mission

SINCE 1867, THE DENVER METRO CHAMBER OF COMMERCE HAS SERVED AS A LEADING VOICE FOR COLORADO'S BUSINESS COMMUNITY. AT THE CHAMBER, WE FIGHT FOR ECONOMIC EMPOWERMENT FOR EVERY COLORADAN.

Activities or mission (Part I)

SEE FORM 990, PART III, LINE 1

  • MDEDC: AS THE NATION'S FIRST REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION, WE SERVE AS THE "CENTER OF INFLUENCE" FOR OUR MEMBERS. WE OVERSEE A NETWORK OF 10 COUNTIES THAT COLLECTIVELY CONTRIBUTE TO A DYNAMIC ECONOMY AND ENRICHING CULTURAL LANDSCAPE.

    Expenses $2,559,200 · Revenue $387,150

  • EVENTS: THE DENVER METRO CHAMBER OF COMMERCE HOSTS MORE THAN 50 EVENTS ANNUALLY TO HELP OUR MEMBERS MAKE CONNECTIONS, BUILD LEADS, STAY UP TO DATE, AND GROW THEIR BUSINESS AND BRAND RECOGNITION IN THE COMMUNITY.

    Expenses $879,901 · Revenue $75,375

  • 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.

    Expenses $829,410 · Revenue $375,592

  • GOVERNMENT AFFAIRS: THE CHAMBER ADVOCATES ON BEHALF OF ITS MEMBER BUSINESSES ON ISSUES CRITICAL TO ECONOMIC COMPETITIVENESS, HOUSING, AND SUSTAINABILITY. 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. SBDC: THROUGH THE DENVER METRO SMALL BUSINESS DEVELOPMENT CENTER, THE CHAMBER WORKS TO ENSURE CLIENTS REACH THEIR FULL ENTREPRENEURIAL POTENTIAL THROUGH CONSULTING, TRAINING AND PROGRAMS.

    Expenses $2,346,652 · Grants $265,094 · Revenue $231,395

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jonathan Ament

    PRESIDENT &

    Total calculated
    $394,970
    From this org
    $369,357
    From related orgs
    $0
    Other
    $25,613
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $282,357
    Bonus
    $87,000
    Other
    not reported
    Deferred
    $12,300
    Nontaxable benefits
    $13,313
    Filer's total
    $394,970
  • Ray Gonzales

    PRESIDENT ED

    Total calculated
    $339,123
    From this org
    $313,792
    From related orgs
    $0
    Other
    $25,331
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,792
    Bonus
    $35,000
    Other
    not reported
    Deferred
    $11,252
    Nontaxable benefits
    $14,079
    Filer's total
    $339,123
  • Jerome Davis

    PRESIDENT DM

    Total calculated
    $215,972
    From this org
    $0
    From related orgs
    $200,226
    Other
    $15,746
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $170,226 related
    Bonus
    not reported + $30,000 related
    Other
    not reported
    Deferred
    not reported + $4,300 related
    Nontaxable benefits
    not reported + $11,446 related
    Filer's total
    not reported + $215,972 related
  • Dave Suss

    VP/FINANCE &

    Total calculated
    $233,099
    From this org
    $223,717
    From related orgs
    $0
    Other
    $9,382
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $178,717
    Bonus
    $45,000
    Other
    not reported
    Deferred
    $7,778
    Nontaxable benefits
    $1,604
    Filer's total
    $233,099
  • Steve Jorgensen

    ENTERPRISE S

    Total calculated
    $248,927
    From this org
    $230,742
    From related orgs
    $0
    Other
    $18,185
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,742
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,306
    Nontaxable benefits
    $10,879
    Filer's total
    $248,927
  • Todd Cameron

    ENTERPRISE S

    Total calculated
    $229,585
    From this org
    $206,820
    From related orgs
    $0
    Other
    $22,765
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,820
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,816
    Nontaxable benefits
    $13,949
    Filer's total
    $229,585
  • Heidi Messer

    DIRECTOR OF

    Total calculated
    $148,789
    From this org
    $135,364
    From related orgs
    $0
    Other
    $13,425
    Hours/week
    40
  • China Califf

    EXEC DIR SBD

    Total calculated
    $145,845
    From this org
    $134,041
    From related orgs
    $0
    Other
    $11,804
    Hours/week
    40
  • Adam Burg

    VP/GOVERNMEN

    Total calculated
    $143,379
    From this org
    $130,516
    From related orgs
    $0
    Other
    $12,863
    Hours/week
    40
  • George Sparks

    CHAIR

    Total calculated
    $0
    Hours/week
    4 + 1 related
  • Lori Davis

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    2 + 0.1 related
  • Maureen Tarrant

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1.5
  • Kevin Classen

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5 + 0.1 related
  • Helen Drexler

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Akasha Absher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jandel Allen-Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Andrew Aye

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Richard Benenson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Joe Bertsch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Vivek Choudhury

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mizraim Cordero

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mark Cordova

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cristal Deherrera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeff Dolan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ivette Dominguez Drawe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Carla Dore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Evans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Freyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Andrea Fulton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • April Giles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Noel Ginsburg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mowa Haile

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jena Hausmann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Craig Hodges

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tasha Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Robert Kenney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Carl Koelbel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mark Korth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Katie Kramer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Peter Lauener

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.1 related
  • Keith Lobis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jim Lochhead

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brendan McGuire

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kirk Mielenz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Matt Most

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Marc Neely

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John O'Donnell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Todd Saliman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dean Sanpei

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Greg Schmidt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Derek Schoonover

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Hanna Skandera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Henry Sobanet

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mark Spiecker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lori Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Leo Tokar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Paul Washington

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rebecca Weiss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 1445 MARKET RESTAURANT LLC

    LIQ LICENC · CO

    Directly controlled by DMCC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHAMBER BUILDING CONDOMINIUM ASSOCI

    C CORP · CONDO ASSO · CO · 100% owned

    Directly controlled by 1445 MKT

Provenance

Return type
form_990
Tax year
2022
Filed
8 February 2024
IRS schema version
2022v5.0
Source object
202440399349300719

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