Form 990 for tax year 2022
Filed by THE GREATER COLORADO SPRINGS CHAMBER AND EDC.
Totals
- Total revenue
- $4,739,984
- Total expenses
- $4,930,703
- Contributions and grants received
- $3,563,957
- Grants paid
- $0
- Program service revenue
- $1,084,269
- Investment income
- $3,501
- Other revenue
- $88,257
- Total assets, end of year
- $3,296,203
- Total liabilities, end of year
- $2,081,528
- Net assets or fund balances, end of year
- $1,214,675
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $3,036,921
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
$2,468,219
-
1e · Government grants (contributions)
$929,000
-
1f · All other contributions, gifts and grants
$166,738
-
2a · Program service revenue: PROG.SERV.REVENUE-RELA
total $1,084,269 · related or exempt $1,084,269
-
3 · Investment income
total $3,501 · excluded $3,501
-
11a · Other revenue: MISCELLANEOUS
total $88,257 · related or exempt $88,257
-
11e · Other revenue, total
$88,257
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $476,660
-
7 · Other salaries and wages
total $1,594,268
-
9 · Other employee benefits
total $260,888
-
10 · Payroll taxes
total $210,939
-
11a · Fees: management
total $31,758
-
11d · Fees: lobbying
total $58,506
-
12 · Advertising and promotion
total $358,742
-
14 · Information technology
total $124,119
-
16 · Occupancy
total $270,025
-
17 · Travel
total $44,582
-
19 · Conferences, conventions and meetings
total $625,131
-
22 · Depreciation, depletion and amortization
total $48,336
-
23 · Insurance
total $6,929
-
24a · Other expenses: PROGRAM EXPENSES
total $567,117
-
24b · Other expenses: COMMUNITY INVOLVEMENT
total $56,820
-
24c · Other expenses: EZ ZONE FEES
total $44,118
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $40,169
-
24e · All other expenses
total $111,596
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $691,253 · end of year $408,377
-
2 · Savings and temporary cash investments
beginning of year $871,403 · end of year $994,790
-
4 · Accounts receivable
beginning of year $281,625 · end of year $143,402
-
5 · Loans and receivables from officers and key people
beginning of year $135,000 · end of year $115,000
-
9 · Prepaid expenses and deferred charges
beginning of year $116,052 · end of year $86,461
-
10a · Land, buildings and equipment: cost or other basis
$787,913
-
10b · Land, buildings and equipment: accumulated depreciation
$646,707
-
10c · Land, buildings and equipment, net
beginning of year $150,696 · end of year $141,206
-
15 · Other assets
beginning of year $0 · end of year $1,406,967
-
17 · Accounts payable and accrued expenses
beginning of year $446,535 · end of year $344,990
-
19 · Deferred revenue
beginning of year $394,100 · end of year $329,571
-
25 · Other liabilities
beginning of year $0 · end of year $1,406,967
-
27 · Net assets without donor restrictions
beginning of year $1,405,394 · end of year $1,214,675
Mission and programs · 2022
Mission
TO PROMOTE AND SUPPORT THE BUSINESS COMMUNITY IN COLORADO SPRINGS.
-
ECONOMIC DEVELOPMENT - WE WORK TO STRENGTHEN OUR REGION'S PROSPERITY BY ENSURING COLORADO SPRINGS AND EL PASO COUNTY ARE COMPETITIVE IN ATTRACTING AND RETAINING TARGET INDUSTRY BUSINESS THAT CREATE JOBS AND CAPITAL INVESTMENT.
Expenses $1,723,337 · Revenue $1,084,269
-
MEMBERSHIP AND EVENTS - CREATING OPPORTUNITIES FOR BUSINESS DEVELOPMENT THROUGH NETWORKING EVENTS, ONGOING EDUCATION, INVOLVEMENT IN POLICY ISSUES, AND MUCH MORE. AS A RESULT, BUSINESSES ARE RAISING THEIR PROFILE AND HELPING BUILD A STRONGER BUSINESS COMMUNITY.
Expenses $826,297
-
DEFENSE DEVELOPMENT - AS THE VOICE OF BUSINESS LARGE AND SMALL, WE ARE INVOLVED IN LEGISLATIVE AND REGULATORY ISSUES AFFECTING LOCAL BUSINESSES, ADVOCATE FOR BUSINESS-FRIENDLY PUBLIC POLICIES, AND COMMUNICATE BUSINESS NEEDS TO ELECTED OFFICIALS AND PARTNERS.
Expenses $487,287
As filed on the 2022 return.
Listed in Part VII
-
Andrea BarkerANDREA BARKER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ramon AlvarezRAMON ALVAREZ
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Trinity Bradley-AndersonTRINITY BRADLEY-ANDERSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Tim SeibertTIM SEIBERT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Aram BenyaminARAM BENYAMIN
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Aileen BerriosAILEEN BERRIOS
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Dustin SappDUSTIN SAPP
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Lindsay PackLINDSAY PACK
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Ron FitchRON FITCH
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie EdwardsSTEPHANIE EDWARDS
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Laura NeumannLAURA NEUMANN
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Ryan KleinRYAN KLEIN
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Kent FortuneKENT FORTUNE
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Rodney GullatteRODNEY GULLATTE
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Seth HarveySETH HARVEY
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Greg RaymondGREG RAYMOND
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Regina LewisREGINA LEWIS
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Ingrid RichterINGRID RICHTER
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Michelle RobinetteMICHELLE ROBINETTE
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Kevin MortensenKEVIN MORTENSEN
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Kristi OlsonKRISTI OLSON
AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Johnna Reeder KleymeyerJOHNNA REEDER KLEYMEYER
PRESIDENT & CEO
- Total calculated
- $342,279
- From this org
- $318,308
- From related orgs
- $0
- Other
- $23,971
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $298,308
- Bonus
- $0
- Other
- $20,000
- Deferred
- $11,932
- Nontaxable benefits
- $12,039
- Filer's total
- $342,279
-
Jim LovewellJIM LOVEWELL
COO/CHIEF DEFENSE INDUSTRY OFFICER
- Total calculated
- $134,381
- From this org
- $128,332
- From related orgs
- $0
- Other
- $6,049
- 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 · Compensation committee
- 3 · Written employment contract
- 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
The filer's explanations (Part III)
- PART I, LINE 5
- A DISCRETIONARY BONUS IS GIVEN IF BUDGET GOALS ARE MET.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CENTER FOR REGIONAL ADVANCEMENT
501(C)(3) · TO PROMOTE DEBATE AND DIALOGUE ON PUBLIC POLICY ISSUES · CO · controlled entity
Directly controlled by THE GREATER COLORADO SPRINGS CHAMBER AND EDC
-
FOUNDATION FOR COLORADO SPRINGS FUTURE
501(C)(3) · DIVERSIFY THE ECONOMY OF THE GREATER COLORADO SPRINGS, COLORADO AREA · CO
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333179349311383
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