2012-10-03T15:47:48-05:00 2011-12-31 840869721 EHRHARDT KEEFE STEINER & HOTTMAN PC 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372843 990 2011-01-01 840172643 MOUNTAIN STATES EMPLOYERS COUNCIL INC MOUN 3038395177 PO BOX 539 DENVER CO 802010539 JULIE MCLAUGHLIN CFO 3038395177 2012-10-03 1 CRAIG R CHOUN P00173718 3037409400 2011 2016-02-24 21:20:13Z MICHAEL G SEVERNS 1799 PENNSYLVANIA ST DENVER CO 80201 16043794 0 X WWW.MSEC.ORG X 1939 CO SEE SCHEDULE O 24 22 196 0 15600 -4250 0 0 11905791 12294768 563877 78644 3111249 3616179 15580917 15989591 0 0 0 0 11218708 11314601 0 0 0 4027227 4299334 15245935 15613935 334982 375656 16356321 16627895 8062893 11398429 8293428 5229466 X 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 34 0 1 196 1 1 1 0 0 0 0 0 X 24 22 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 422912 0 37861 BARBARA A THOMPSON 40.00 X X 216454 0 19021 LINDA CHILDEARS 1.00 X 0 0 0 BRUCE S WAGNER 1.00 X X 0 0 0 MICHAEL VAN GILDER 1.00 X 0 0 0 ALISON K BROWN 1.00 X 0 0 0 DAVID L EVES 1.00 X 0 0 0 RUSSEL J DISPENSE 1.00 X 0 0 0 MARK DRISCOLL 1.00 X X 0 0 0 PATRICK A GRANT 1.00 X 0 0 0 A BARRY HIRSCHFELD 1.00 X 0 0 0 WALTER L ISENBERG 1.00 X 0 0 0 WALTER A KOELBEL 1.00 X 0 0 0 CHESTER T LATCHAM 1.00 X 0 0 0 RONALD E MONTOYA 1.00 X 0 0 0 JACK A TERHAR 1.00 X 0 0 0 MARY M WHITE 1.00 X X 0 0 0 SHEILA BUGDANOWITZ 1.00 X 0 0 0 GEORGE SPARKS 1.00 X 0 0 0 CAROL STURMAN 1.00 X 0 0 0 JAMES M SULLIVAN III 1.00 X 0 0 0 TRACY HUGGINS 1.00 X 0 0 0 THOMAS A GENDRON 1.00 X 0 0 0 THOMAS C FRIES 1.00 X 0 0 0 DEBORAH DALE BRACKNEY 40.00 X 177542 0 26268 WILLIAM L SMITH JR 40.00 X 178484 0 14270 JULIE A MCLAUGHLIN 40.00 X 140001 0 16309 MARK R BUTTICE 40.00 X 120467 0 23797 MARK J FLYNN 40.00 X 116917 0 13612 PATRICIA GOODWIN 40.00 X 113804 0 18438 TIMOTHY E SETTLE 40.00 X 116235 0 13570 SUSAN L RAY 40.00 X 113885 0 18438 1716701 0 201584 10 0 1 0 0 MEMBERSHIP DUES 541900 10043695 10043695 SEMINARS 541900 2251073 2251073 12294768 67847 67847 178178 0 178178 178178 178178 65000 54203 10797 10797 10797 ADMIN FEES-SUBSIDIARY 561000 3065785 3065785 SUB. NET EQUITY CHANGE 900004 356572 356572 PARKING LOT 900099 15600 15600 44 44 3438001 15989591 15717169 15600 256822 1249120 6562720 1789179 1128675 584907 19640 35415 271993 326948 44695 173299 825382 118542 13500 623104 98550 SEMINAR COSTS 818452 ALL OTHER EXPENSES < 5% 462021 MISCELLANEOUS 231998 PRINTING & REPRODUCTION 97625 138170 15613935 1564137 1542292 303761 267549 333683 308204 20275712 10516474 9654302 9759238 2620789 2563938 29301 9767 1850348 2176907 16356321 16627895 5049635 7890785 3013258 3501807 0 5837 8062893 11398429 X 8293428 5229466 8293428 5229466 16356321 16627895 X 375656 -3439618 X 0 1 1 X 0 2533891 2533891 11939142 5692288 6246854 21044 7979 13065 4029851 3592586 437265 1751784 1223621 528163 9759238 DUE FROM SUBSIDIARY 589306 INVESTMENT IN SUBSIDIARY 1587601 2176907 DUE TO SUBSIDIARY 5837 5837 15989591 15613935 375656 -125926 -3313692 -3439618 -3063962 15863665 -125926 -125926 15989591 0 15989591 15613935 0 15613935 0 15613935 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2011 AND 2010. 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, 2011 AND 2010. 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, 2011 AND 2010. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION INCLUDE 2008 THROUGH 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: ADOPTION OF SFAS NO. 158 PENSION PLAN -3,313,692. X 1 1 X X X 0 0 0 MICHAEL G SEVERNS 305769 0 113510 0 3633 0 19600 0 18261 0 460773 0 0 0 BARBARA A THOMPSON 199423 0 11525 0 5506 0 15954 0 3067 0 235475 0 0 0 DEBORAH DALE BRACKNEY 162212 0 11525 0 3805 0 12977 0 13291 0 203810 0 0 0 WILLIAM L SMITH JR 162212 0 11525 0 4747 0 1622 0 12648 0 192754 0 0 0 JULIE A MCLAUGHLIN 124808 0 11525 0 3668 0 9985 0 6324 0 156310 0 0 0 SUPPLEMENTAL INFORMATION PART III HEALTH CLUB DUES : THE ORGANIZATION PAID $12,769 IN HEALTH CLUB DUES ON BEHALF OF FIVE OF THE OFFICERS. MISSION STATEMENT FORM 990, PART I, 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. MISSION STATEMENT FORM 990, PART 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 1 THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT AND DIRECTION OF THE BUSINESS AND AFFAIRS OF THE COUNCIL. THE EXECUTIVE COMMITTEE CONSISTS OF TEN MEMBERS OF THE BOARD OF DIRECTORS. 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 2011, INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE DETERMINE AND APPROVE COMPENSATION FOR THE PRESIDENT & CEO (THE TOP MANAGEMENT OFFICIAL) FOLLOWING A REVIEW OF COMPENSATION SURVEYS WITH DATA ON COMPARABLE POSITIONS. THE PRESIDENT & 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 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -125,926. ADOPTION OF SFAS NO. 158 PENSION PLAN -3,313,692. TOTAL TO FORM 990, PART XI, LINE 5: -3,439,618. EMPLOYERS COUNCIL SERVICES INC 1799 PENNSYLVANIA STREET DENVER CO 80201 846021302 CONSULTING CO N/A C 356572 2456736 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 EMPLOYERS COUNCIL SERVICES INC M 3065785 FMV