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Nonprofiteer
← COLORADO SPRINGS SPORTS CORPORATION

Form 990 for tax year 2022

Filed by COLORADO SPRINGS SPORTS CORPORATION.

Totals

Total revenue
$1,891,049
Total expenses
$1,795,979
Contributions and grants received
$1,288,386
Grants paid
$140,010
Program service revenue
$510,267
Investment income
$72,636
Other revenue
$19,760
Total assets, end of year
$3,540,307
Total liabilities, end of year
$352,227
Net assets or fund balances, end of year
$3,188,080
Program services expenses (Part IX)
$1,248,677
Management and general expenses
$303,925
Fundraising expenses
$243,377
Program service expenses (Part III)
$1,248,677

Program services were 69.5% 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

    $9,570

  • 1c · Fundraising events

    $7,351

  • 1f · All other contributions, gifts and grants

    $1,271,465

  • 1g · Noncash contributions included above

    $45,707

  • 2a · Program service revenue: COMPETITIONS AND EVENTS

    total $409,654 · related or exempt $409,654

  • 2b · Program service revenue: ROCKY MTN. STATE GAMES

    total $100,613 · related or exempt $100,613

  • 3 · Investment income

    total $26,920 · excluded $26,920

  • 6a · Gross rents

    personal property $11,730

  • 6c · Rental income or loss

    personal property $11,730

  • 6d · Net rental income or loss

    total $11,730 · excluded $11,730

  • 7a · Gross sales of assets other than inventory

    securities $45,716

  • 7c · Gain or loss

    securities $45,716

  • 7d · Net gain or loss

    total $45,716 · excluded $45,716

  • 8a · Fundraising events: gross income

    $117,835

  • 8a · Fundraising events: contributions included on line 1c

    $7,351

  • 8b · Fundraising events: direct expenses

    $115,590

  • 8c · Net income from fundraising events

    total $2,245 · excluded $2,245

  • 11a · Other revenue: OTHER INCOME

    total $5,785 · related or exempt $5,785

  • 11e · Other revenue, total

    $5,785

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $136,250 · program services $136,250

  • 2 · Grants to domestic individuals

    total $3,760 · program services $3,760

  • 5 · Compensation of officers, directors and key employees

    total $241,712 · management and general $120,856 · fundraising $120,856

  • 7 · Other salaries and wages

    total $467,290 · program services $401,559 · management and general $10,960 · fundraising $54,771

  • 9 · Other employee benefits

    total $41,323 · program services $32,826 · management and general $2,983 · fundraising $5,514

  • 10 · Payroll taxes

    total $48,079 · program services $28,108 · management and general $9,587 · fundraising $10,384

  • 11c · Fees: accounting

    total $9,750 · management and general $9,750

  • 11g · Fees: other

    total $118,648 · program services $55,369 · management and general $20,250 · fundraising $43,029

  • 12 · Advertising and promotion

    total $54,608 · program services $43,013 · management and general $10,195 · fundraising $1,400

  • 13 · Office expenses

    total $32,314 · program services $19,239 · management and general $12,931 · fundraising $144

  • 14 · Information technology

    total $29,609 · program services $4,490 · management and general $25,119

  • 16 · Occupancy

    total $98,659 · program services $89,588 · management and general $9,071

  • 17 · Travel

    total $54,793 · program services $53,831 · management and general $859 · fundraising $103

  • 19 · Conferences, conventions and meetings

    total $7,125 · program services $2,998 · management and general $2,617 · fundraising $1,510

  • 22 · Depreciation, depletion and amortization

    total $30,354 · program services $15,177 · management and general $15,177

  • 23 · Insurance

    total $30,766 · program services $18,785 · management and general $11,981

  • 24a · Other expenses: EQUIPMENT

    total $119,428 · program services $98,293 · management and general $21,135

  • 24b · Other expenses: SPONSOR & VOLUNTEER RECOG

    total $44,601 · program services $35,506 · management and general $9,095

  • 24c · Other expenses: COST OF GOODS SOLD

    total $40,254 · program services $40,254

  • 24d · Other expenses: VIP HOSPITALITY

    total $32,185 · program services $32,185

  • 24e · All other expenses

    total $154,471 · program services $137,446 · management and general $11,359 · fundraising $5,666

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $82,448 · end of year $299,742

  • 2 · Savings and temporary cash investments

    beginning of year $644,080 · end of year $645,128

  • 3 · Pledges and grants receivable

    end of year $37,500

  • 4 · Accounts receivable

    beginning of year $94,683 · end of year $123,446

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,939 · end of year $17,599

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

    $164,678

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

    $149,644

  • 10c · Land, buildings and equipment, net

    beginning of year $45,390 · end of year $15,034

  • 12 · Investments: other securities

    beginning of year $2,773,869 · end of year $2,401,858

  • 17 · Accounts payable and accrued expenses

    beginning of year $112,875 · end of year $39,456

  • 19 · Deferred revenue

    beginning of year $2,925 · end of year $312,771

  • 27 · Net assets without donor restrictions

    beginning of year $2,871,173 · end of year $2,530,166

  • 28 · Net assets with donor restrictions

    beginning of year $665,436 · end of year $657,914

Mission and programs · 2022

Mission

THE CORPORATION WAS FORMED TO HELP STAGE THE FIRST NATIONAL SPORTS FESTIVAL. CSSC SET OUT TO ESTABLISH A STRONG REGIONAL SPORTS PRESENCE THROUGH ECONOMIC DEVELOPMENT, EVENT PROMOTION, AND COMPLETE DEDICATION TO OUR YOUTH SPORT AND COMMUNITY DEVELOPMENT ACTIVITIES.

  • ROCKY MOUNTAIN STATE GAMES - RMSG IS A MULTI-SPORT FESTIVAL FOR COLORADO CITIZENS, AS WELL AS OTHER STATES WITHOUT STATE GAMES PROGRAMS, OF ALL AGES AND ATHLETIC ABILITIES INCLUDING PHYSICALLY DISABLED, VISUALLY IMPAIRED AND PARAOLYMPIC ATHLETES. THE ROCKY MOUNTAIN STATE GAMES PROGRAM BENEFITED FROM 113,592 WORTH OF VALUE IN KIND CONTRIBUTIONS. THE MAJORITY OF THIS 113,592 HAS BEEN EXCLUDED FROM SUPPORT LISTED IN PART I, LINE 1 AND PART VIII, LINE 1G, SINCE IT PERTAINED TO SERVICES AND FACILITIES, AS DEFINED BY THE INTERNAL REVENUE SERVICE.

    Expenses $315,008 · Grants $3,640 · Revenue $100,613

  • INTERNATIONAL AND NATIONAL SUPPORT - WE SUPPORT THE USOPC HEADQUARTERS, THE PIKES PEAK INTERNATIONAL HILL CLIMB, THE U.S. OLYMPIC AND PARALYMPIC MUSEUM, AND OTHER EVENTS WHICH BENEFIT THE INTERNATIONAL, NATIONAL, AND LOCAL COMMUNITY AS A WHOLE. THE SPORTS COMPETITIONS AND COMMUNITY SUPPORT PROGRAM BENEFITED FROM 452,337 WORTH OF VALUE IN KIND CONTRIBUTIONS. THE MAJORITY OF THIS 452,337 HAS BEEN EXCLUDED FROM SUPPORT LISTED IN PART I, LINE 1 AND PART VIII, LINE 1G, SINCE IT PERTAINED TO SERVICES AND FACILITIES, AS DEFINED BY THE INTERNAL REVENUE SERVICE.

    Expenses $928,440 · Grants $136,250 · Revenue $409,654

  • OTHER PROGRAM RELATED ACTIVITIES ADVANCING THE STATUS OF AMATEUR SPORTS IN THE COLORADO SPRINGS COMMUNITY, INCLUDING MEMBERSHIP. THESE PROGRAMS BENEFITED FROM 8,789 WORTH OF VALUE IN KIND CONTRIBUTIONS. THE MAJORITY OF THIS 8,789 HAS BEEN EXCLUDED FROM SUPPORT LISTED IN PART I, LINE 1 AND PART VIII, LINE 1G, SINCE IT PERTAINED TO SERVICES AND FACILITIES, AS DEFINED BY THE INTERNAL REVENUE SERVICE.

    Expenses $5,229 · Revenue $6,931

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

Listed in Part VII

  • DAVE PALENCHAR

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • KATIE WILLEMARCK

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • CHUCK DELICH

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • LAURA MELLINI

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    2

  • LOU MELLINI

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JULIE DUSSLIERIE

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WALT GLOVER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NICK RAGAIN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JEFF GREENE

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LESLIE IRVINE

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JERRY MAYES

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NATHAN PINE

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DOUG PRICE

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANN CESARE

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHRIS REEN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • STEVE SMITH

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARTIN WOOD

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MATT CARPENTER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MEGAN LEATHAM

    CEO

    Total calculated
    $241,701
    From this org
    $231,620
    From related orgs
    $0
    Other
    $10,081
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,620
    Bonus
    $30,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $10,081
    Filer's total
    $241,701

  • AUBREY MCCOY

    COO

    Total calculated
    $105,250
    From this org
    $100,500
    From related orgs
    $0
    Other
    $4,750
    Hours/week
    40

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 7
THE BOARD OF DIRECTORS MAY AWARD THE CEO A PERFORMANCE BONUS AT ITS DISCRETION.

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343189349317014

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