2013-09-23T18:28:01-05:00 2012-12-31 461497033 EKS&H LLLP 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372521 990 2012-01-01 840172643 MOUNTAIN STATES EMPLOYERS COUNCIL INC MOUN 3038395177 PO BOX 539 DENVER CO 802010539 JULIE MCLAUGHLIN CFO 3038395177 2013-09-23 1 CRAIG R CHOUN P00173718 3037409400 2012 2016-02-24 21:20:13Z MICHAEL G SEVERNS 1799 PENNSYLVANIA ST DENVER CO 80201 17240942 0 X WWW.MSEC.ORG X 1939 CO SEE SCHEDULE O 23 21 216 0 15600 -6419 0 0 12294768 12843131 78644 893241 3616179 3502666 15989591 17239038 0 0 0 0 11314601 12019947 0 0 0 4299334 4470677 15613935 16490624 375656 748414 16627895 16845633 11398429 11555757 5229466 5289876 SEE SCHEDULE O 0 0 N/A 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 33 0 1 216 1 1 1 0 0 0 0 0 0 0 X 23 21 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JULIE A MCLAUGHLIN CFO 3032235419 1799 PENNSYLVANIA STREET DENVER CO 80203 MICHAEL G SEVERNS 40.00 X X 415193 0 39570 BARBARA A THOMPSON 40.00 X X 209469 0 18922 ALISON K BROWN 1.00 X 0 0 0 SHEILA BUGDANOWITZ 1.00 X 0 0 0 LINDA CHILDEARS 1.00 X 0 0 0 RUSSELL J DISPENSE 1.00 X 0 0 0 DAVID L EVES 1.00 X 0 0 0 THOMAS C FRIES 1.00 X 0 0 0 THOMAS A GENDRON 1.00 X 0 0 0 A BARRY HIRSCHFELD 1.00 X 0 0 0 TRACY HUGGINS 1.00 X 0 0 0 WILLIAM J HYBL 1.00 X 0 0 0 ROGER KNOPH 1.00 X 0 0 0 WALTER A KOELBEL JR 1.00 X 0 0 0 SHARON H LINHART 1.00 X 0 0 0 RONALD E MONTOYA 1.00 X 0 0 0 GEORGE SPARKS 1.00 X 0 0 0 JAMES M SULLIVAN III 1.00 X 0 0 0 JACK A TERHAR JR 1.00 X 0 0 0 MICHAEL VAN GILDER 1.00 X 0 0 0 BRUCE S WAGNER 1.00 X 0 0 0 MARY M WHITE 1.00 X X 0 0 0 CHESTER T LATCHAM 1.00 X X 0 0 0 MARK DRISCOLL 1.00 X 0 0 0 DEBORAH D BRACKNEY 40.00 X 169458 0 27704 WILLIAM L SMITH JR 40.00 X 168684 0 13038 JULIE A MCLAUGHLIN 40.00 X 131549 0 16997 MARK R BUTTICE 40.00 X 114260 0 25286 TIMOTHY E SETTLE 40.00 X 111097 0 14206 MARK J FLYNN 40.00 X 110833 0 14206 ALLAN D ESTROFF 40.00 X 109190 0 17806 PATRICIA A GOODWIN 40.00 X 107936 0 19531 1647669 0 207266 10 0 1 0 0 MEMBERSHIP DUES 541900 10512778 10512778 SEMINARS 541900 2330353 2330353 12843131 893145 893145 16957 0 16957 16957 16957 2000 1904 96 96 96 COST SHARING REIMB. 561000 3173720 3173720 SUB. NET EQUITY CHANGE 900004 296194 296194 PARKING LOT 900099 15600 15600 195 195 3485709 17239038 16313240 15600 910198 1062038 6690121 2323053 1340745 603990 76599 33179 251495 397015 351454 155284 890507 130516 37615 674077 102352 SEMINAR COSTS 652488 DUES/FEES/MEMBERSHIPS 170790 BAD DEBT 162187 LIBRARY BOOKS/SUBSCRIPT 134282 250837 16490624 1542292 1673308 267549 237724 308204 359980 20681650 11180785 9759238 9500865 2563938 3572852 9767 0 2176907 1500904 16627895 16845633 7890785 7941092 3501807 3605519 5837 9146 11398429 11555757 X 5229466 5289876 5229466 5289876 16627895 16845633 X 748414 326054 -1014058 X 0 1 X 1 0 2533891 2533891 12058296 6050256 6008040 21044 12260 8784 4141664 3763428 378236 1926755 1354841 571914 9500865 DUE FROM SUBSIDIARY 417110 INVESTMENT IN SUBSIDIARY 1083794 1500904 DUE TO SUBSIDIARY 9146 9146 X 16765092 326054 326054 16439038 800000 800000 17239038 16490624 0 16490624 0 16490624 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: PART X, LINE 2: MSEC IS A NON-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE FOR FEDERAL, STATE, OR LOCAL TAXES. MSEC HAD MINOR UNRELATED BUSINESS INCOME DURING THE YEARS ENDED DECEMBER 31, 2012 AND 2011. MSEC 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 DECEMBER 31, 2012 AND 2011. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED AS GENERAL AND ADMINISTRATIVE EXPENSE. NO INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF DECEMBER 31, 2012 AND 2011. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION INCLUDE 2009 THROUGH 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: SUBSIDIARY DIVIDENDS X 1 1 X X X 0 0 0 MICHAEL G SEVERNS 306000 0 104538 0 4655 0 20000 0 19570 0 454763 0 0 0 BARBARA A THOMPSON 200000 0 3462 0 6007 0 16000 0 2922 0 228391 0 0 0 DEBORAH D BRACKNEY 162500 0 3000 0 3958 0 13000 0 14704 0 197162 0 0 0 WILLIAM L SMITH JR 162500 0 3000 0 3184 0 1625 0 11413 0 181722 0 0 0 SUPPLEMENTAL INFORMATION PART III HEALTH CLUB DUES : THE ORGANIZATION PAID $11,008 IN HEALTH CLUB DUES ON BEHALF OF FIVE OF THE OFFICERS. MISSION STATEMENT FORM 990, PART I & III, LINE 1 THE COUNCIL IS DEVOTED TO THE IMPROVEMENT OF BUSINESS CONDITIONS BY PROMOTING HARMONIOUS RELATIONS BETWEEN EMPLOYERS AND EMPLOYEES, INCLUDING BUT NOT LIMITED TO, ENCOURAGING AND FURTHERING THE PEACEFUL SETTLEMENT OF LABOR DISPUTES, DISSEMINATING RESEARCH AND HUMAN RESOURCE INFORMATION AND PERSONNEL POLICIES, AND PROVIDING MANAGEMENT EDUCATION ON HUMAN RESOURCE ISSUES. FORM 990, PART VI, SECTION A, LINE 6 MOUNTAIN STATES EMPLOYERS COUNCIL, INC. IS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PRESENTED TO AND REVIEWED WITH THE AUDIT COMMITTEE BY AN OUTSIDE CPA FIRM. THE AUDIT COMMITTEE RECOMMENDS APPROVAL TO THE BOARD OF DIRECTORS. THE BOARD RECEIVES A COMPLETE COPY OF THE FORM 990 PRIOR TO APPROVAL AND FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO THE BOARD OF DIRECTORS. THIS POLICY IS REVIEWED AT THE INCEPTION OF EACH FULL BOARD MEETING AS WELL AS DURING NEW BOARD MEMBER ORIENTATION. IN ADDITION TO REVIEWING THE POLICY, EACH BOARD MEMBER IS REQUIRED TO ANNUALLY DISCLOSE AND SIGN A FORM INDICATING ANYTHING THEY MAY CONSIDER A CONFLICT OF INTEREST TO MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, INCLUDING 2012, INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE DETERMINE AND APPROVE COMPENSATION FOR THE PRESIDENT AND CEO (THE TOP MANAGEMENT OFFICIAL) FOLLOWING A REVIEW OF COMPENSATION SURVEYS WITH DATA ON COMPARABLE POSITIONS. THE PRESIDENT AND CEO INITIALLY DETERMINES COMPENSATION FOR OTHER OFFICERS, BUT PRIOR TO IMPLEMENTATION, INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE REVIEW COMPENSATION SURVEYS WITH DATA ON COMPARABLE POSITIONS AND APPROVE THE COMPENSATION FOR THE OTHER OFFICERS. COMPENSATION SURVEYS ARE NOT LIMITED TO NONPROFIT SOURCES. EMPLOYMENT CONTRACTS ARE NOT UTILIZED. CONTEMPORANEOUS MINUTES OF THE DELIBERATION AND DECISIONS ARE MADE AND ENTERED INTO THE CORPORATE RECORDS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: DIVIDEND DECLARED -800,000. PENSION PLAN RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST -214,058. EMPLOYERS COUNCIL SERVICES INC 1799 PENNSYLVANIA STREET DENVER CO 80201 846021302 CONSULTING CO MSEC C 296193 1784446 1.00000 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 1 0 0 EMPLOYERS COUNCIL SERVICES INC Q 3173720 FMV EMPLOYERS COUNCIL SERVICES INC F 800000 FMV