Totals
- Total revenue
- $8,977,422
- Total expenses
- $7,710,578
- Contributions and grants received
- $2,320,852
- Grants paid
- $0
- Program service revenue
- $6,605,923
- Investment income
- $50,647
- Other revenue
- $0
- Total assets, end of year
- $40,388,684
- Total liabilities, end of year
- $6,510,657
- Net assets or fund balances, end of year
- $33,878,027
- Program services expenses (Part IX)
- $7,303,072
- Management and general expenses
- $387,409
- Fundraising expenses
- $20,097
- Program service expenses (Part III)
- $7,303,072
Program services were 94.7% 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.
-
1e · Government grants (contributions)
$2,042,865
-
1f · All other contributions, gifts and grants
$277,987
-
2a · Program service revenue: ARENA REVENUE
total $3,068,607 · related or exempt $3,068,607
-
2b · Program service revenue: ICE HALL REVENUE
total $1,669,013 · related or exempt $1,669,013
-
2c · Program service revenue: PIKES PEAK CENTER REVENUE
total $1,868,303 · related or exempt $1,868,303
-
3 · Investment income
total $50,601 · excluded $50,601
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7b · Less cost or other basis and sales expenses
securities $46
-
7c · Gain or loss
securities -$46
-
7d · Net gain or loss
total $46 · excluded $46
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $341,861 · program services $229,047 · management and general $112,814
-
6 · Compensation of disqualified persons
total $13,029 · management and general $13,029
-
7 · Other salaries and wages
total $1,882,361 · program services $1,846,316 · management and general $23,425 · fundraising $12,620
-
8 · Pension plan contributions
total $65,447 · program services $65,447
-
9 · Other employee benefits
total $293,968 · program services $279,101 · management and general $14,076 · fundraising $791
-
10 · Payroll taxes
total $212,908 · program services $202,141 · management and general $10,195 · fundraising $572
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $4,805 · program services $4,805
-
11c · Fees: accounting
total $41,600 · management and general $41,600
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $217,491 · program services $214,680 · management and general $2,811
-
12 · Advertising and promotion
total $957,987 · program services $904,739 · management and general $53,248
-
13 · Office expenses
total $97,662 · program services $62,705 · management and general $34,957
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,481,856 · program services $1,473,303 · management and general $8,553
-
17 · Travel
total $19,132 · program services $19,132
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $10,860 · management and general $10,860
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,693,285 · program services $1,644,526 · management and general $48,759
-
23 · Insurance
total $0
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $301,465 · program services $298,712 · management and general $2,753
-
24b · Other expenses: LICENSES AND PERMITS
total $28,785 · program services $28,785
-
24c · Other expenses: PENROSE CLUB EXPENSE
total $6,114 · fundraising $6,114
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $37,495 · program services $27,166 · management and general $10,329
-
24e · All other expenses
total $2,467 · program services $2,467
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,673,600 · end of year $10,242,736
-
2 · Savings and temporary cash investments
beginning of year $198,026 · end of year $198,071
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $1,065,842 · end of year $860,118
-
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
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $219,514 · end of year $179,069
-
10a · Land, buildings and equipment: cost or other basis
$73,712,335
-
10b · Land, buildings and equipment: accumulated depreciation
$50,142,449
-
10c · Land, buildings and equipment, net
beginning of year $24,979,812 · end of year $23,569,886
-
11 · Investments: publicly traded securities
beginning of year $3,345,536 · end of year $5,338,804
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $1,795,570 · end of year $2,375,594
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $3,776,274 · end of year $4,079,672
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $241,970 · end of year $55,391
-
27 · Net assets without donor restrictions
beginning of year $32,517,083 · end of year $33,676,529
-
28 · Net assets with donor restrictions
beginning of year $151,433 · end of year $201,498
Mission and programs · 2022
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 $6,306,383 · Revenue $4,737,620
-
OPERATION AND MAINTENANCE OF THE PIKES PEAK CENTER.
Expenses $996,689 · Revenue $1,868,303
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DOROTHEA LISCHICK
GENERAL MANAGER - THRU 05/22
- Total calculated
- $229,748
- From this org
- $210,915
- From related orgs
- $0
- Other
- $18,833
- Hours/week
- 65
Schedule J breakdown matched by us
- Base
- $74,469
- Bonus
- $79,492
- Other
- $56,954
- Deferred
- $9,645
- Nontaxable benefits
- $9,188
- Filer's total
- $229,748
-
TUESDAY HESLOP
ASSISTANT GENERAL MANAGER
- Total calculated
- $209,156
- From this org
- $178,672
- From related orgs
- $0
- Other
- $30,484
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $176,945
- Bonus
- not reported
- Other
- $1,727
- Deferred
- $9,385
- Nontaxable benefits
- $21,099
- Filer's total
- $209,156
-
STUART KURTZ
CONTROLLER
- Total calculated
- $136,191
- From this org
- $128,913
- From related orgs
- $0
- Other
- $7,278
- Hours/week
- 40
-
DAVE NAMESNIK
GENERAL MANAGER - BEG. 06/22
- Total calculated
- $112,113
- From this org
- $112,113
- From related orgs
- $0
- Other
- $0
- Hours/week
- 65
Schedule J breakdown matched by us
- Base
- $112,113
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $112,113
-
GARY BUTTERWORTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THEO GREGORY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ERIN HANNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ARON MCGUIRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CRYSTAL LA TIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVE PALENCHAR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 7
-
ELAINE MARTINEZ
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
IAN RATZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JACK DAMIOLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LOU MELLINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MEGAN LEATHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NICOLE MAGIC
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
PAT KELLEHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PETER SUSEMIHI
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
R THAYER TUTT JR
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN EDMONSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TOM FALGIEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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 · 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, PART I, LINE 7
- DESCRIPTION OF NON-FIZED PAYMENT: THE COMPANY HAS A PROFIT-SHARING PROGRAM THAT EACH YEAR THE BOARD HAS THE OPTION TO APPROVE. WHEN THE BOARD APPROVES THE PROFIT-SHARING PAYMENT A FORMULA AND INDIVIDUAL PERFORMANCE CRITERIA ARE USED TO DETERMINE THE AMOUNT OF THE PAYMENT FOR EACH PERSON.
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
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312789349300331
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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