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Nonprofiteer
← COLORADO SPRINGS SPORTS CORPORATION

Form 990 for tax year 2023

Filed by COLORADO SPRINGS SPORTS CORPORATION.

Totals

Total revenue
$3,110,064
Total expenses
$2,273,155
Contributions and grants received
$2,682,791
Grants paid
$247,193
Program service revenue
$325,611
Investment income
$68,142
Other revenue
$33,520
Total assets, end of year
$4,713,137
Total liabilities, end of year
$472,196
Net assets or fund balances, end of year
$4,240,941
Program services expenses (Part IX)
$1,677,647
Management and general expenses
$264,644
Fundraising expenses
$330,864
Program service expenses (Part III)
$1,677,647

Program services were 73.8% 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

    $43,345

  • 1c · Fundraising events

    $23,233

  • 1f · All other contributions, gifts and grants

    $2,616,213

  • 1g · Noncash contributions included above

    $143,337

  • 2a · Program service revenue: COMPETITIONS AND EVENTS

    total $246,710 · related or exempt $246,710

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

    total $78,901 · related or exempt $78,901

  • 3 · Investment income

    total $33,756 · excluded $33,756

  • 6a · Gross rents

    personal property $5,705

  • 6c · Rental income or loss

    personal property $5,705

  • 6d · Net rental income or loss

    total $5,705 · excluded $5,705

  • 7a · Gross sales of assets other than inventory

    securities $34,386

  • 7c · Gain or loss

    securities $34,386

  • 7d · Net gain or loss

    total $34,386 · excluded $34,386

  • 8a · Fundraising events: gross income

    $120,837

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

    $23,233

  • 8b · Fundraising events: direct expenses

    $110,892

  • 8c · Net income from fundraising events

    total $9,945 · excluded $9,945

  • 11a · Other revenue: OTHER INCOME

    total $17,870 · related or exempt $17,870

  • 11e · Other revenue, total

    $17,870

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $239,240 · program services $239,240

  • 2 · Grants to domestic individuals

    total $7,953 · program services $7,953

  • 5 · Compensation of officers, directors and key employees

    total $397,010 · program services $167,042 · management and general $107,399 · fundraising $122,569

  • 7 · Other salaries and wages

    total $473,687 · program services $444,404 · management and general $6,353 · fundraising $22,930

  • 9 · Other employee benefits

    total $26,158 · program services $16,057 · management and general $9,125 · fundraising $976

  • 10 · Payroll taxes

    total $40,111 · program services $28,259 · management and general $1,515 · fundraising $10,337

  • 11c · Fees: accounting

    total $41,832 · management and general $41,832

  • 11g · Fees: other

    total $220,554 · program services $165,179 · fundraising $55,375

  • 12 · Advertising and promotion

    total $99,284 · program services $13,170 · management and general $2,554 · fundraising $83,560

  • 13 · Office expenses

    total $36,465 · program services $15,348 · management and general $4,804 · fundraising $16,313

  • 14 · Information technology

    total $11,425 · program services $2,822 · management and general $8,490 · fundraising $113

  • 16 · Occupancy

    total $50,566 · program services $47,195 · management and general $2,956 · fundraising $415

  • 17 · Travel

    total $4,256 · program services $3,577 · management and general $644 · fundraising $35

  • 19 · Conferences, conventions and meetings

    total $8,474 · program services $2,205 · management and general $1,491 · fundraising $4,778

  • 22 · Depreciation, depletion and amortization

    total $7,568 · program services $3,784 · management and general $3,784

  • 23 · Insurance

    total $32,165 · program services $12,857 · management and general $15,186 · fundraising $4,122

  • 24a · Other expenses: LODGING/DISPLAYS/HONORARI

    total $136,818 · program services $136,518 · management and general $300

  • 24b · Other expenses: SPONSOR & VOLUNTEER RECOG

    total $110,475 · program services $68,437 · management and general $34,361 · fundraising $7,677

  • 24c · Other expenses: EQUIPMENT

    total $59,405 · program services $43,752 · management and general $15,483 · fundraising $170

  • 24d · Other expenses: MISCELLANEOUS

    total $55,509 · program services $55,509

  • 24e · All other expenses

    total $214,200 · program services $204,339 · management and general $8,367 · fundraising $1,494

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $299,742 · end of year $533,662

  • 2 · Savings and temporary cash investments

    beginning of year $645,128 · end of year $749,323

  • 3 · Pledges and grants receivable

    beginning of year $37,500 · end of year $693,773

  • 4 · Accounts receivable

    beginning of year $123,446 · end of year $34,687

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,599 · end of year $12,535

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

    $162,749

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

    $155,282

  • 10c · Land, buildings and equipment, net

    beginning of year $15,034 · end of year $7,467

  • 12 · Investments: other securities

    beginning of year $2,401,858 · end of year $2,681,690

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,456 · end of year $40,680

  • 19 · Deferred revenue

    beginning of year $312,771 · end of year $331,516

  • 25 · Other liabilities

    end of year $100,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,530,166 · end of year $3,093,882

  • 28 · Net assets with donor restrictions

    beginning of year $657,914 · end of year $1,147,059

Mission and programs · 2023

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.

  • EVENT MANAGEMENT - WITH AN EXPERTISE IN EVENT MANAGEMENT, COLORADO SPRINGS SPORTS CORPORATION HAS EARNED A REPUTATION FOR ORCHESTRATING WORLD-CLASS SPORTING EVENTS THAT CAPTIVATE AUDIENCES, SHOWCASE TALENT, AND ELEVATE SPORT IN THE PIKES PEAK REGION. NOTABLE SPORT EVENTS HOSTED BY COLORADO SPRINGS SPORTS CORPORATION INCLUDE: THE BROADMOOR CYCLE TO THE SUMMIT, THE BROADMOOR WINTER POLO CLASSIC, COLORADO SPRINGS SPORTS HALL OF FAME, PIKES PEAK REGIONAL AIRSHOW, DOWNTOWN SUMMER FEST, PIKES PEAK APEX, ROCKY MOUNTAIN STATE GAMES, COLORADO SPRINGS LABOR DAY LIFT OFF, AND MORE. IN ADDITION TO THESE SIGNATURE EVENTS, SPORTS CORP WORKS TO BRING NATIONAL AND INTERNATIONAL COMPETITION TO COLORADO SPRINGS.

    Expenses $1,132,578 · Grants $250 · Revenue $325,611

  • SPORTS COMMISSION - SERVING AS THE CITY OF COLORADO SPRINGS' SPORTS COMMISSION, COLORADO SPRINGS SPORTS CORPORATION WORKS TO ATTRACT MAJOR SPORTING EVENTS, CHAMPIONSHIPS, AND CONFERENCES TO COLORADO SPRINGS. BY FOSTERING STRONG RELATIONSHIPS WITH NATIONAL AND INTERNATIONAL GOVERNING BODIES OF SPORT, COLORADO SPRINGS AND THE GREATER PIKES PEAK REGION HAVE BECOME A PREMIER SPORTS DESTINATION. THESE EVENTS NOT ONLY BRING ELITE COMPETITION TO THE COMMUNITY, BUT ALSO HAVE A SIGNIFICANT ECONOMIC IMPACT, BENEFITING LOCAL BUSINESSES AND ENHANCING THE CITY'S ECONOMY.

    Expenses $427,788 · Grants $239,242

  • COMMUNITY AND SPORTS PROGRAMMING - THROUGH ROCKY MOUNTAIN STATE GAMES AND THE YOUTH, EDUCATION, AND SPORT (YES) PROGRAM, COLORADO SPRINGS SPORTS CORPORATION IS ABLE TO PROVIDE ACCESS TO SPORTS FOR INDIVIDUALS OF ALL AGES AND ABILITIES. THESE EVENTS AND PROGRAMMING PROMOTE PHYSICAL ACTIVITY, TEAMWORK, AND INCLUSIVITY, WHILE INSTILLING THE VALUES OF SPORTSMANSHIP. FROM YOUTH DEVELOPMENT INITIATIVES TO ADAPTIVE SPORTS PROGRAMS, COLORADO SPRINGS SPORTS CORPORATION IS DEDICATED TO CREATING A HEALTHIER AND MORE CONNECTED COMMUNITY THROUGH THE POWER OF SPORTS.

    Expenses $87,374 · Grants $7,153

  • OLYMPIC & PARALYMPIC MOVEMENT - AS THE PROUD HOME OF THE U.S. OLYMPIC & PARALYMPIC COMMITTEE, U.S. OLYMPIC & PARALYMPIC TRAINING CENTER, AND U.S. OLYMPIC & PARALYMPIC MUSEUM, COLORADO SPRINGS SPORTS CORPORATION TAKES PRIDE IN SUPPORTING THE LOCAL NATIONAL GOVERNING BODIES WHO SUPPORT OUR ATHLETES AS THEY STRIVE FOR GREATNESS ON THE WORLD STAGE. OUR CITY HAS BEEN A TRAINING GROUND FOR COUNTLESS OLYMPIANS AND PARALYMPIANS, AND WE CONTINUE TO BE A DRIVING FORCE BEHIND THE SUCCESS OF TEAM USA.

    Expenses $29,907

As filed on the 2023 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

  • Walt Glover

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

  • 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

  • Julie Dusslierie

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nick Ragain

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lesley 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

  • Matt Carpenter

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Johnna Reeder-Kleymeyer

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Martin Wood

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Megan Leatham

    PRESIDENT AN

    Total calculated
    $279,974
    From this org
    $261,620
    From related orgs
    $0
    Other
    $18,354
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,620
    Bonus
    $40,000
    Other
    not reported
    Deferred
    $11,081
    Nontaxable benefits
    $7,273
    Filer's total
    $279,974

  • Aubrey McCoy

    COO

    Total calculated
    $117,036
    From this org
    $111,000
    From related orgs
    $0
    Other
    $6,036
    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

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.0
Source object
202423109349301917

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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