Totals
- Total revenue
- $8,052,685
- Total expenses
- $7,238,500
- Contributions and grants received
- $8,100
- Grants paid
- $0
- Program service revenue
- $7,474,938
- Investment income
- $569,647
- Other revenue
- $0
- Total assets, end of year
- $41,292,155
- Total liabilities, end of year
- $6,319,951
- Net assets or fund balances, end of year
- $34,972,204
- Program services expenses (Part IX)
- $6,982,408
- Management and general expenses
- $237,291
- Fundraising expenses
- $18,801
- Program service expenses (Part III)
- $6,982,408
Program services were 96.5% 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.
-
1f · All other contributions, gifts and grants
$8,100
-
2a · Program service revenue: ARENA REVENUE
total $3,197,779 · related or exempt $3,197,779
-
2b · Program service revenue: ICE HALL REVENUE
total $1,751,028 · related or exempt $1,751,028
-
2c · Program service revenue: PIKES PEAK CENTER REVENUE
total $2,526,131 · related or exempt $2,526,131
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $596,889 · excluded $596,889
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $16,974,172
-
7b · Less cost or other basis and sales expenses
securities $17,001,414
-
7c · Gain or loss
securities -$27,242 · other assets $0
-
7d · Net gain or loss
total -$27,242 · excluded -$27,242
-
8c · Net income from fundraising events
total $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $318,931 · program services $315,938 · management and general $2,993
-
7 · Other salaries and wages
total $2,407,003 · program services $2,381,194 · management and general $15,309 · fundraising $10,500
-
8 · Pension plan contributions
total $103,238 · program services $103,238
-
9 · Other employee benefits
total $207,321 · program services $206,000 · fundraising $1,321
-
10 · Payroll taxes
total $262,238 · program services $260,833 · fundraising $1,405
-
11b · Fees: legal
total $1,875 · program services $1,875
-
11c · Fees: accounting
total $43,803 · management and general $43,803
-
11g · Fees: other
total $358,054 · program services $352,538 · management and general $5,516 · fundraising $0
-
12 · Advertising and promotion
total $40,493 · management and general $40,493
-
13 · Office expenses
total $107,287 · program services $61,535 · management and general $45,752
-
16 · Occupancy
total $1,367,115 · program services $1,356,634 · management and general $10,481
-
17 · Travel
total $5,909 · program services $5,909
-
19 · Conferences, conventions and meetings
total $1,831 · management and general $1,831
-
22 · Depreciation, depletion and amortization
total $1,559,145 · program services $1,510,386 · management and general $48,759
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $199,848 · program services $198,805 · management and general $1,043
-
24b · Other expenses: Bad Debt Expenses
total $151,919 · program services $151,919
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $51,837 · program services $30,564 · management and general $21,273
-
24d · Other expenses: LICENSES & PERMITS
total $20,011 · program services $20,011
-
24e · All other expenses
total $30,642 · program services $25,029 · management and general $38 · fundraising $5,575
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,204,591 · end of year $2,837,139
-
2 · Savings and temporary cash investments
beginning of year $198,110 · end of year $197,040
-
3 · Pledges and grants receivable
beginning of year $500,000 · end of year $884,798
-
4 · Accounts receivable
beginning of year $960,921 · end of year $484,659
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $237,963 · end of year $248,154
-
10a · Land, buildings and equipment: cost or other basis
$74,422,957
-
10b · Land, buildings and equipment: accumulated depreciation
$53,304,784
-
10c · Land, buildings and equipment, net
beginning of year $22,166,595 · end of year $21,118,173
-
11 · Investments: publicly traded securities
beginning of year $11,076,695 · end of year $15,522,192
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $3,186,408 · end of year $1,362,780
-
19 · Deferred revenue
beginning of year $5,911,434 · end of year $4,743,345
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $239,889 · end of year $213,826
-
27 · Net assets without donor restrictions
beginning of year $32,795,646 · end of year $33,762,606
-
28 · Net assets with donor restrictions
beginning of year $1,211,498 · end of year $1,209,598
Mission and programs · 2024
Mission
THE COLORADO SPRINGS WORLD ARENA WAS ORGANIZED TO LESSEN THE BURDENS OF THE CITY OF COLORADO SPRINGS FOR THE PLANNING, DESIGN, CONSTRUCTION, FINANCING, DEVELOPMENT, OWNERSHIP AND OPERATION OF A MULTI-PURPOSE PUBLIC FACILITY THAT COULD BE USED FOR A VARIETY OF SPORTING EVENTS, INCLUDING BASKETBALL, ICE SKATING, ICE HOCKEY AND OTHER ACTIVITIES AND EVENTS HELD BY SPORTS ORGANIZATIONS, EDUCATIONAL INSTITUTIONS AND THE GENERAL PUBLIC. IN 2004, THE COLORADO SPRINGS WORLD ARENA ASSUMED MANAGEMENT OF THE PIKES PEAK CENTER, WHICH IS A MULTI-PURPOSE BUILDING OWNED BY EL PASO COUNTY AND USED FOR CULTURAL, COMMUNITY AND PERFORMANCE ARTS EVENTS
Activities or mission (Part I)
TO LESSEN THE BURDENS ON COLORADO SPRINGS BY DIRECTLY OPERATING A PUBLIC FACILITY THAT IS USED FOR A VARIETY OF EVENTS PLUS MANAGE THE PIKES PEAK CENTER FOR EL PASO COUNTY.
-
OPERATION AND MAINTENANCE OF THE COLORADO SPRINGS WORLD ARENA AND ICE HALL.
Expenses $5,672,806 · Revenue $4,948,807
-
OPERATION AND MAINTENANCE OF THE PIKES PEAK CENTER.
Expenses $1,309,602 · Revenue $2,526,131
As filed on the 2024 return.
Listed in Part VII
-
Elaine MartinezELAINE MARTINEZ
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Nicole MagicNICOLE MAGIC
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Peter SusemihlPETER SUSEMIHL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
R Thayer Tutt JrR THAYER TUTT JR
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Aron McGuireARON MCGUIRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Crystal LatierCRYSTAL LATIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erin HannanERIN HANNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ian RatzIAN RATZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jack DamioliJACK DAMIOLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Megan LeathamMEGAN LEATHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pat KelleherPAT KELLEHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan EdmonsonSUSAN EDMONSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Theo GregoryTHEO GREGORY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom FalgienTOM FALGIEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave NamesnikDAVE NAMESNIK
GENERAL MANAGER
- Total calculated
- $339,144
- From this org
- $279,847
- From related orgs
- $0
- Other
- $59,297
- Hours/week
- 65
Schedule J breakdown matched by us
- Base
- $209,503
- Bonus
- $70,344
- Other
- $0
- Deferred
- $20,213
- Nontaxable benefits
- $39,084
- Filer's total
- $339,144
-
Cindy Perkins
Director Of Finance
- Total calculated
- $118,759
- From this org
- $116,936
- From related orgs
- $0
- Other
- $1,823
- Hours/week
- 40
-
Tuesday HeslopTUESDAY HESLOP
ASSISTANT GENERAL MANAGER
- Total calculated
- $226,369
- From this org
- $195,970
- From related orgs
- $0
- Other
- $30,399
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $141,518
- Bonus
- $54,452
- Other
- $0
- Deferred
- $14,171
- Nontaxable benefits
- $16,228
- Filer's total
- $226,369
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 · 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
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 October 2025
- IRS schema version
- 2024v5.1
- Source object
- 202503019349301950
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