2015-08-14T11:02:35-05:00 2014-12-31 BKD LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2014-01-01 750223440 Dallas Regional Chamber % PAT PRIEST DALL 2147466770 500 N AKARD STREET Suite 2600 DALLAS TX 75201 Pat Priest CFO 2147466770 2015-08-17 true Jeanette Verrelli P00742631 9727028262 2014 2016-03-07 17:11:31Z DALE A PETROSKEY 500 N AKARD STREET STE 2600 DALLAS TX 75201 8013144 false X WWW.DALLASCHAMBER.ORG X 1909 TX THE DALLAS REGIONAL CHAMBER PROMOTES PROSPERITY THROUGH PUBLIC POLICY, ECONOMIC DEVELOPMENT, AND MEMBER ENGAGEMENT. 84 83 58 850 0 0 5721922 6107475 1640859 1715567 41331 56730 126963 133372 7531075 8013144 20000 0 0 0 4642441 5026807 0 0 0 2705887 3304377 7368328 8331184 162747 -318040 8652255 8903602 2560552 3017250 6091703 5886352 X TOGETHER WE WILL LEAD THE DALLAS REGION TO BECOME THE MOST ECONOMICALLY PROSPEROUS REGION - AND THE MOST DESIRABLE PLACE TO LIVE AND WORK - IN THE UNITED STATES. false false THE DALLAS REGIONAL CHAMBER'S (DRC) BLUEPRINT FOR PROSPERITY (BLUEPRINT) OUTLINES FIVE PRIORITIES, EACH WITH SPECIFIC GOALS TIED TO ECONOMIC DEVELOPMENT WITH MEASURES THAT HOLD US ACCOUNTABLE FOR RESULTS. THE BLUEPRINT INCLUDES SPECIFIC STRATEGIC AND OPERATIONAL INDICATORS - PRIMARILY FOCUSED ON THE DALLAS REGION'S GROSS DOMESTIC PRODUCT, JOB GROWTH, AND QUALITY OF LIFE - THAT WE WILL USE TO TRACK IMPLEMENTATION OF THE STRATEGIC PLAN. THE DRC WILL MONITOR AND REPORT ON PROGRESS REGULARLY. THE FIVE PRIORITIES ARE: 1. LEAD ECONOMIC DEVELOPMENT: LEAD ECONOMIC DEVELOPMENT FOR THE THREE CORE COUNTIES THROUGH COLLABORATION WITH EXISTING ECONOMIC DEVELOPMENT ORGANIZATIONS TO FURTHER ECONOMIC GROWTH; 2. DRIVE IMPROVEMENTS IN EDUCATION: DRIVE DEVELOPMENT OF A STRATEGY AND INITIATIVES TO IMPROVE PUBLIC EDUCATION BECAUSE EDUCATION IS CRITICAL TO DEVELOPING A STRONG REGIONAL WORKFORCE THAT SUPPORTS ECONOMIC PROSPERITY; THE INITIAL FOCUS WILL BE ON THE DALLAS INDEPENDENT SCHOOL DISTRICT (DALLAS ISD); 3. INFLUENCE PUBLIC POLICY: SUPPORT AND PROMOTE PUBLIC POLICIES THAT IMPROVE THE BUSINESS ENVIRONMENT TO HELP BOOST ECONOMIC PROSPERITY; PROJECTS RELATING TO PUBLIC POLICY CUT ACROSS ALL CATEGORIES; 4. CATALYZE AND ADVOCATE FOR REGIONAL PARTNERSHIPS: STRENGTHEN AND FORMALIZE COLLABORATION WITH KEY ORGANIZATIONS TO ADDRESS REGIONAL ISSUES; AND 5. PROVIDE VALUE TO MEMBERS: OFFER PROGRAMS AND OPPORTUNITIES OF VALUE TO MEMBERS AND ENSURE THAT MEMBERS RECEIVE AN EXCELLENT, HIGH-QUALITY EXPERIENCE; THE OBJECTIVE OF ADDING VALUE FOR MEMBERS IS INCLUDED IN ALL CATEGORIES. THE BLUEPRINT ALSO INCLUDES STRATEGIES TO MAXIMIZE EFFICIENCY IN THE DRC'S INTERNAL OPERATIONS PER OUR STRATEGIC PLAN. false true false true false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false true false false false false true true true false true 15 0 true 58 true false false false false true true false X 84 83 true false false false true true true true true false false true true true true true true true true false X PAT PRIEST 2147466770 500 N AKARD STREET SUITE 2600 DALLAS TX 75201 X JAMES OBERWETTER PRESIDENT TERM DATE: 3/1/14 37.0 3.0 X X 235590 0 39144 DALE A PETROSKEY PRESIDENT/CEO START: 4/1/14 37.0 3.0 X X 254436 0 112845 STEPHEN L MANSFIELD PHD FACHE CHAIRMAN 1.0 3.0 X X RALPH HAWKINS CHAIRMAN ELECT 1.0 3.0 X X ANNE MOTSENBOCKER IMMEDIATE PAST CHAIRMAN 1.0 3.0 X X VICTOR ALMEIDA DIRECTOR 1.0 1.0 X DEN BISHOP DIRECTOR 1.0 1.0 X RANDY BOWMAN DIRECTOR 1.0 1.0 X GARY BROCK DIRECTOR 1.0 1.0 X MARK BURROUGHS DIRECTOR 1.0 1.0 X MARY FRANCES BURLESON DIRECTOR 1.0 1.0 X TOM CODD DIRECTOR 1.0 1.0 X PHIL ELMORE DIRECTOR 1.0 1.0 X CAROL GLENDENNING DIRECTOR 1.0 1.0 X DON GLENDENNING DIRECTOR 1.0 1.0 X TOM GRECO DIRECTOR 1.0 1.0 X BILL HENRY DIRECTOR 1.0 1.0 X RALPH HOLMES DIRECTOR 1.0 1.0 X RICHARD W HOLT DIRECTOR 1.0 1.0 X OLIN JAYE DIRECTOR 1.0 1.0 X PAUL KEGLEVIC DIRECTOR 1.0 1.0 X CHRIS KLEINERT DIRECTOR 1.0 1.0 X PAUL KOCH DIRECTOR 1.0 1.0 X KEN MALCOLMSON DIRECTOR 1.0 1.0 X LAURA MACNEIL DIRECTOR 1.0 1.0 X MATT PAPENFUS DIRECTOR 1.0 1.0 X BRIAN PHILIPS DIRECTOR 1.0 1.0 X DANIEL K PODOLSKY DIRECTOR 1.0 1.0 X JIM ROSS DIRECTOR 1.0 1.0 X LANE SORGEN DIRECTOR 1.0 1.0 X KAY ST JOHN DIRECTOR 1.0 1.0 X JOHN J STEPHENS DIRECTOR 1.0 1.0 X PAT VILLAREAL DIRECTOR 1.0 1.0 X RON WATTERSON DIRECTOR 1.0 1.0 X TERRI WEST DIRECTOR 1.0 1.0 X GREG ALMOND DIRECTOR 1.0 1.0 X NORM BAGWELL DIRECTOR 1.0 1.0 X BROCK BAILEY DIRECTOR 1.0 1.0 X MICHAEL CAFFEY DIRECTOR 1.0 1.0 X DAVID CHAMBERLIN DIRECTOR 1.0 1.0 X TERRY W CONNER DIRECTOR 1.0 1.0 X DIANE COOPER DIRECTOR 1.0 1.0 X JASON DOWNING DIRECTOR 1.0 1.0 X MANNY FERNANDEZ DIRECTOR 1.0 1.0 X STEVE GOOD DIRECTOR 1.0 1.0 X DOUG HAWTHORNE DIRECTOR 1.0 1.0 X MICHAEL JENNINGS DIRECTOR 1.0 1.0 X AK MAGO DIRECTOR 1.0 1.0 X VINCE MARGIOTTA DIRECTOR 1.0 1.0 X CHARLES MARSH DIRECTOR 1.0 1.0 X BERT MARSHALL DIRECTOR 1.0 1.0 X MIKE MILES DIRECTOR 1.0 1.0 X MARTIN MOLLOY DIRECTOR 1.0 1.0 X CAROL NICHOLS DIRECTOR 1.0 1.0 X ALLEN NYE DIRECTOR 1.0 1.0 X YOUSUF OMAR SECRETARY START: 9/12/14 1.0 3.0 X X SCOTT ORR DIRECTOR 1.0 1.0 X EMILY PARKER DIRECTOR 1.0 1.0 X GUILLERMO PERALES DIRECTOR 1.0 1.0 X DEV RASTOGI DIRECTOR 1.0 1.0 X BRITT REYNOLDS DIRECTOR 1.0 1.0 X GERALD TURNER DIRECTOR 1.0 1.0 X GREG WILKINSON DIRECTOR 1.0 1.0 X JAY ADAIR DIRECTOR 1.0 1.0 X RON BROWN DIRECTOR 1.0 1.0 X KIM COCKLIN DIRECTOR 1.0 1.0 X KEY COKER DIRECTOR 1.0 1.0 X CHRIS DUROVICH DIRECTOR 1.0 1.0 X WINN EVERHART DIRECTOR 1.0 1.0 X PAT FAUBION DIRECTOR 1.0 1.0 X HATTIE HILL DIRECTOR 1.0 1.0 X NOE HINOJOSA DIRECTOR 1.0 1.0 X VISTASP KARBHARI DIRECTOR 1.0 1.0 X MICHELLE MILLER DIRECTOR 1.0 1.0 X DAVID MORAN DIRECTOR 1.0 1.0 X MARY MURCOTT DIRECTOR 1.0 1.0 X BYRON NELSON DIRECTOR 1.0 1.0 X ED O'BRIEN DIRECTOR 1.0 1.0 X FRED PERPALL DIRECTOR 1.0 1.0 X J PUCKETT DIRECTOR 1.0 1.0 X HERNAN SAENZ DIRECTOR 1.0 1.0 X DAVID CORRIGAN DIRECTOR 1.0 1.0 X W MIKE BAGGETT DIRECTOR 1.0 1.0 X BOB A CHERECK DIRECTOR 1.0 1.0 X CLINT D MCDONNOUGH DIRECTOR 1.0 1.0 X JAY BARKSDALE SVP PUBLIC Policy & education 40.0 0.0 X 147781 0 28074 KAREN BRIZENDINE SECRETARY TERM: 4/30/14 37.0 3.0 X 39782 0 12579 DUANE DANKESREITER vp BUSINESS INFO & RESEARCH 40.0 0.0 X 120131 0 46620 ANGELA FARLEY SVP EDUCATION 40.0 0.0 X 145843 0 56130 GW HAIL JR SVP MEMBERSHIP & REV GROWTH 40.0 0.0 X 60449 0 29237 JESSICA HEER VP ECONOMIC DEVELOPMENT 40.0 0.0 X 93662 0 33040 SHANNON NAIL VP MEMBER ENGAGEMENT 40.0 0.0 X 92522 0 29764 PAT PRIEST COO/CFO 37.0 3.0 X 324737 0 110856 AMY RAMOS VICE PRESIDENT 40.0 0.0 X 86298 0 41461 MIKE ROSA SVP ECONOMIC DEVELOPMENT 38.0 2.0 X 190682 0 66925 SARAH RUSH VP ECONOMIC DEVELOPMENT 40.0 0.0 X 85315 0 38225 JENNIFER SCHMIEL SVP MEMBER SERVICES 40.0 0.0 X 132365 0 54549 JEREMY VICKERS VP INNOVATION 40.0 0.0 X 105404 0 40312 2114997 0 739761 9 false true false PEOPLE PERFORMANCE RESOURCES 4242 N CAPISTRANO DR SUITE 202 DALLAS TX 75287 HUMAN RESOURCES 122443 1 3111341 2933184 62950 62950 6107475 ECONOMIC DEVELOPMENT 900099 471920 471920 MEMBER ENGAGEMENT 900099 1186291 1186291 MEMBERSHIP SERVICES & RETENTION 900099 57356 57356 1715567 56730 56730 0 74919 74919 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 58453 58453 58453 8013144 1715567 190102 0 0 0 0 2856707 0 1487595 92776 303131 286598 0 3729 85643 48900 0 0 403671 79789 360459 216912 0 409827 179669 0 1290033 1828 0 171880 52037 8331184 0 0 0 0 0 6165878 6846700 0 0 1530880 1053185 0 0 0 0 0 0 0 0 225255 253059 1579129 828471 730242 750658 0 0 0 0 0 0 0 0 0 0 8652255 8903602 1103422 1096817 0 0 1425595 1605434 0 0 0 0 0 0 0 0 0 0 31535 314999 2560552 3017250 X 5732610 5415666 359093 470686 0 0 6091703 5886352 8652255 8903602 X -318040 7051 105638 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 3111341 126623 126623 217794 -91171 SCHEDULE C, PART III-B lobbying expenditures: the amounts reported on schedule c as lobbying expenditures include the salary costs of certain dallas regional chamber employees who undertook activities that are deemed lobbying. on form 990, part ix, all salary costs are reported on lines 5 through 10; accordingly, the amount of lobbying expenditures reported on schedule c does not tie to lobbying expenses on part ix, line 11d. 582724 115428 467296 795972 618438 177534 200433 94605 105828 750658 0 CAPITAL LEASE OBLIGATION 14999 CONTRIBUTION PAYABLE TO AFFILIATE 300000 314999 X 8245130 7051 224935 231986 8013144 8013144 8562074 230890 230890 8331184 8331184 SCHEDULE D, PART X, LINE 2 LIABILITY FOR UNCERTAIN TAX POSITIONS: The Chamber is exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of state law. However, the Chamber is subject to federal income tax on any unrelated business taxable income. As of December 31, 2014 and 2013, the Chamber has $109,619 of unrelated business income tax loss carryforwards expiring in the years 2018 through 2027. Those losses were incurred as a result of the printing and publication operations of the Chamber. Those amounts are not reflected on the consolidated statements of financial position since they are subject to the uncertainty of whether they will be utilized before the expiration dates. The Foundation is subject to federal excise tax on net investment income in 2014. Taxes are not material at December 31, 2014, and no liability has been recorded. The Chamber files tax returns in the U.S. federal jurisdiction. With a few exceptions, the Chamber is no longer subject to U.S. federal examinations by tax authorities for years before 2011. SCHEDULE D, PART XI, LINE 2D RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS WITH RETURN: IN-KIND REVENUE NOT ON RETURN $ 224,935 SCHEDULE D, PART XII, LINE 2D RECONCILIATION OF EXPENSE PER AUDITED FINANCIAL STATEMENTS WITH RETURN: IN-KIND EXPENSE NOT ON RETURN $ 230,890 X X X X X true false false JAY BARKSDALE SVP PUBLIC Policy & education 132589 0 14806 0 386 0 27218 0 856 0 175855 0 0 0 DUANE DANKESREITER vp BUSINESS INFO & RESEARCH 109885 0 10031 0 215 0 25096 0 21524 0 166751 0 0 0 ANGELA FARLEY SVP EDUCATION 131465 0 13977 0 401 0 34495 0 21635 0 201973 0 0 0 JAMES OBERWETTER PRESIDENT TERM DATE: 3/1/14 98926 0 135000 0 1664 0 31497 0 7648 0 274735 0 0 0 DALE A PETROSKEY PRESIDENT/CEO START: 4/1/14 253592 0 0 0 844 0 100000 0 12845 0 367281 0 0 0 PAT PRIEST COO/CFO 254737 0 70000 0 0 0 110451 0 405 0 435593 0 0 0 MIKE ROSA SVP ECONOMIC DEVELOPMENT 169992 0 20000 0 690 0 45181 0 21745 0 257608 0 0 0 JENNIFER SCHMIEL SVP MEMBER SERVICES 119759 0 12360 0 246 0 30614 0 23935 0 186914 0 0 0 SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENTS: KAREN BRIZENDINE - $ 18,837 SCHEDULE J, PART II, COLUMN (C) RETIREMENT AND OTHER DEFERRED COMPENSATION: THE INCREASE IN THE AMOUNTS IN THIS COLUMN IS DUE TO THE BONUSES THAT WERE DEFERRED IN TAX YEAR 2014. THE DEFERRED BONUSES WILL BE REPORTED IN COLUMN B(II) AND COLUMN (F) WHEN THEY ARE PAID IN TAX YEAR 2015. X EQUIPMENT 1 62950 contributor valued false true false FORM 990, PART VI, SECTION A, LINE 1A DELEGATION OF AUTHORITY: PER ARTICLE V OF THE ORGANIZATION'S BYLAWS, THE BOARD OF DIRECTORS MAY APPOINT AN EXECUTIVE COMMITTEE CONSISTING OF THE CHAIRPERSON OF THE BOARD, THE CHAIR-ELECT, THE PRESIDENT, ANY COMMITTEE CHAIRS, THE IMMEDIATE PAST CHAIR OF THE BOARD, AND SUCH ADDITIONAL MEMBERS AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME SELECT. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE DALLAS REGIONAL CHAMBER BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 OFFICER, DIRECTOR, TRUSTEE OR KEY EMPLOYEE RELATIONSHIPS: CAROL GLENDENNING AND DONALD M. GLENDENNING HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINES 6, 7A, & 7B MEMBERS WITH THE POWER TO ELECT THE GOVERNING BODY AND MAKE GOVERNANCE DECISIONS: AS A MEMBER ORGANIZATION, THE MEMBERSHIP VOTES ON THE APPOINTMENT OF THE BOARD OF DIRECTORS PRESENTED BY A NOMINATING COMMITTEE. MEMBERS ALSO HAVE VOTING RIGHTS ON ISSUES BROUGHT FOR A VOTE BY THE BOARD OF DIRECTORS. THE BYLAWS GIVE THE BOARD OF DIRECTORS RESPONSIBILITY FOR THE MANAGEMENT AND CONTROL OF THE BUSINESS AND AFFAIRS OF THE CHAMBER. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: A COPY OF THE FORM 990 IS MADE AVAILABLE ON A SECURE INTERNET SITE AND A LINK TO THE SITE IS EMAILED TO EACH MEMBER OF THE BOARD PRIOR TO FILING WITH THE IRS. THE INDEPENDENT ACCOUNTING FIRM REVIEWS 990 REQUIREMENTS WITH THE AUDIT AND FINANCE COMMITTEE OF THE CHAMBER PRIOR TO COMPLETION OF THE RETURN, AND THE COMMITTEE ALSO REVIEWS THE ACTUAL RETURN PRIOR TO FILING. THE AUDIT AND FINANCE COMMITTEE IS COMPRISED OF 6 INDEPENDENT MEMBERS AND 2 MEMBERS OF MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C PROCESS TO MONITOR COMPLIANCE WITH CONFLICT OF INTEREST POLICY: THE CHAMBER CODE OF CONDUCT POLICY INCLUDES AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE TO BE DISTRIBUTED TO ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES. THIS INFORMATION IS LOGGED IN AND EVALUATED FOR CONFLICTS REQUIRING INDIVIDUALS TO RECUSE THEMSELVES FROM ISSUES THAT MAY PRESENT CONFLICTS, OR IN EXTREME CIRCUMSTANCES, REMOVAL FROM THE BOARD. FORM 990, PART VI, SECTION B, LINES 15A & 15B REVIEW OF COMPENSATION: THE COMPENSATION COMMITTEE REVIEW POLICY REQUIRES THE CEO'S COMPENSATION BE REVIEWED BY THE EXECUTIVE COMMITTEE ANNUALLY. THE PRESIDENT DETERMINES THE COMPENSATION FOR ALL KEY EMPLOYEES, WHICH IS ALSO REVIEWED AND APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS: THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AND AT MANAGEMENT'S DISCRETION. FORM 990, PART VII, SECTION A, COLUMN (F) ESTIMATED AMOUNTS OF OTHER COMPENSATION FROM THE ORGANIZATION: THE INCREASE IN THE AMOUNTS IN THIS COLUMN IS DUE TO THE BONUSES THAT WERE DEFERRED IN TAX YEAR 2014. THE DEFERRED BONUSES WILL BE REPORTED IN COLUMN (D) WHEN THEY ARE PAID IN TAX YEAR 2015. FORM 990, PART XI, LINE 9 OTHER CHANGES TO NET ASSETS: UNRELEASED CONTRIBUTIONS IN TEMPORARILY RESTRICTED NET ASSETS $111,593 NET IN-KIND INCOME NOT ON RETURN (5,955) ---------- TOTAL $105,638 DALLAS MOMENTUM INC 500 N AKARD ST STE 2600 DALLAS TX 75201 752940683 ECONOMIC DEV TX 501(C)(6) n/a DRC true GREATER DALLAS MOMENTUM FOUNDATION 500 N AKARD ST STE 2600 DALLAS TX 75201 752968468 ECONOMIC DEV TX 501(C)(3) PF DRC true QUALITY OF LIFE FDN FOR METRO DALLAS 500 N AKARD ST STE 2600 DALLAS TX 75201 237360214 ENRICH LIFE TX 501(C)(3) 9 DRC true false false true false false false false false false false false false false true true false false false false DALLAS MOMENTUM INC C 2811048 FMV GREATER DALLAS MOMENTUM FOUNDATION C 74886 FMV