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Nonprofiteer
← THE GREATER COLORADO SPRINGS CHAMBER AND EDC

Form 990 for tax year 2024

Filed by THE GREATER COLORADO SPRINGS CHAMBER AND EDC.

Totals

Total revenue
$6,441,748
Total expenses
$5,826,623
Contributions and grants received
$2,987,754
Grants paid
$0
Program service revenue
$2,797,775
Investment income
$81,777
Other revenue
$574,442
Total assets, end of year
$4,614,882
Total liabilities, end of year
$1,941,683
Net assets or fund balances, end of year
$2,673,199
Program services expenses (Part IX)
$3,907,545
Management and general expenses
$1,919,078
Fundraising expenses
$0
Program service expenses (Part III)
$3,907,545

Program services were 67.1% 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

    $730,704

  • 1e · Government grants (contributions)

    $2,085,076

  • 1f · All other contributions, gifts and grants

    $171,974

  • 2a · Program service revenue: PROG. MARKETING-RELATED 990

    total $1,344,485 · related or exempt $1,344,485

  • 2b · Program service revenue: PROG.SERV.REVENUE-RELATED-990

    total $1,310,900 · related or exempt $1,310,900

  • 2c · Program service revenue: PROG. OTHER -RELATED 990

    total $142,390 · related or exempt $142,390

  • 3 · Investment income

    total $81,777 · related or exempt $81,777

  • 8a · Fundraising events: gross income

    $1,087,028

  • 8b · Fundraising events: direct expenses

    $512,586

  • 8c · Net income from fundraising events

    total $574,442 · excluded $574,442

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,018,825 · management and general $1,018,825

  • 7 · Other salaries and wages

    total $2,007,488 · program services $2,007,488

  • 8 · Pension plan contributions

    total $323,934 · program services $57,233 · management and general $266,701

  • 10 · Payroll taxes

    total $240,117 · program services $180,829 · management and general $59,288

  • 11a · Fees: management

    total $447,235 · program services $447,235

  • 11g · Fees: other

    total $76,962 · program services $62,605 · management and general $14,357

  • 12 · Advertising and promotion

    total $556,674 · program services $367,580 · management and general $189,094

  • 13 · Office expenses

    total $269,503 · program services $231,039 · management and general $38,464

  • 16 · Occupancy

    total $308,758 · program services $194,470 · management and general $114,288

  • 17 · Travel

    total $69,779 · program services $68,898 · management and general $881

  • 19 · Conferences, conventions and meetings

    total $1,497 · program services $1,497

  • 20 · Interest

    total $2,925 · management and general $2,925

  • 22 · Depreciation, depletion and amortization

    total $50,198 · program services $50,198

  • 23 · Insurance

    total $4,964 · program services $2,779 · management and general $2,185

  • 24a · Other expenses: OTHER EXPENSES-PROGSERV

    total $235,694 · program services $235,694

  • 24b · Other expenses: OTHER EXPENSES-MNGMNT-9

    total $10,000 · management and general $10,000

  • 24e · All other expenses

    total $202,070 · management and general $202,070

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,148,645 · end of year $3,022,908

  • 2 · Savings and temporary cash investments

    beginning of year $410,718

  • 4 · Accounts receivable

    end of year $118,926

  • 5 · Loans and receivables from officers and key people

    beginning of year $60,000 · end of year $40,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $81,985 · end of year $91,920

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

    $291,166

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

    $218,101

  • 10c · Land, buildings and equipment, net

    beginning of year $104,742 · end of year $73,065

  • 14 · Intangible assets

    beginning of year $1,908,171 · end of year $1,268,063

  • 17 · Accounts payable and accrued expenses

    beginning of year $370,692 · end of year $384,531

  • 19 · Deferred revenue

    beginning of year $281,444 · end of year $280,547

  • 22 · Loans and payables to officers and key people

    beginning of year $63,513

  • 25 · Other liabilities

    beginning of year $2,013,369 · end of year $1,276,605

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,985,243 · end of year $2,673,199

Mission and programs · 2024

Mission

TO PROMOTE AND SUPPORT THE BUSINESS COMMUNITY IN COLORADO SPRINGS

Activities or mission (Part I)

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 COMMPETITIVE IN ATTRACTING AND RETAINING TARGET INDUSTRY BUSINESSES THAT CREATE JOBS AND CAPITAL INVESTMENTS.DEFENSE DEVEOPMENT - AS THE VOICE OF BUSINESSES 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 $1,577,947 · Revenue $1,049,075

  • 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 PROFILES AND HELPING BUILD A STRONGER BUSINESS COMMUNITY.

    Expenses $778,410 · Grants $328,366 · Revenue $485,993

  • MARKETING TO PUBLIC - CREATING OPPORTUNITIES FOR BUSINESSES TO MARKET GOODS AND SERVICES TO MEMBERS AND THE PUBLIC VIA THE CHAMBER

    Expenses $936,697 · Revenue $1,344,484

  • OTHER CONFERENCES AND ANCILLARY SERVICES

    Expenses $614,491

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ANDREA BARKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RAMON ALVAREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TRINITY BRADLEY-ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TIM SEIBERT

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • AILEEN BERRIOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LINSAY PACK MOLL

    SECRETARY, EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    5

  • RON FITCH

    AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • STEPHANIE EDWARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LAURA NEUMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RYAN KLEIN

    CHAIR, EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    5

  • CHRIS BLEES

    TREASURER, EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    5

  • SETH HARVEY

    VICE CHAIR, EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    5

  • TRAVIS DEAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARVIN LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RODNEY GULLATTE JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KRISTI OLSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • INGRID RICHTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HAYLEY MCGUIRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE ROBINETTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER SOBANET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRET WATERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMIE FABOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KENT FORTUNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMES LOVEWELL

    CHIEF OPERATING OFFICER

    Total calculated
    $142,626
    From this org
    $131,933
    From related orgs
    $0
    Other
    $10,693
    Hours/week
    40

  • VINCENT PERSICHETTI

    VP OF ADMINISTRATION

    Total calculated
    $144,875
    From this org
    $122,233
    From related orgs
    $0
    Other
    $22,642
    Hours/week
    40

  • DANIELLE BOLLING

    SR VP OPERATIONS

    Total calculated
    $134,373
    From this org
    $127,049
    From related orgs
    $0
    Other
    $7,324
    Hours/week
    40

  • DAVID DAZLICH

    VP - GOVERNMENT AFFAIRS

    Total calculated
    $99,837
    From this org
    $94,416
    From related orgs
    $0
    Other
    $5,421
    Hours/week
    40

  • BRANDON ELDRIGE

    EXECUTIVE DIRECTOR, PIKE PEAKS SBDC

    Total calculated
    $120,161
    From this org
    $120,161
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JILL GAEBLER

    EXECUTIVE DIRECTOR, PIKES PEAK HOUSING NETWORK

    Total calculated
    $103,793
    From this org
    $103,793
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JEFF THORMOSDGAARD

    VP GOVERNMENT AFFAIRS

    Total calculated
    $8,668
    From this org
    $8,668
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • BONNIE GOFF

    VP ECONOMIC DEVELOPMENT

    Total calculated
    $0
    Hours/week
    40

  • SHERALYN HOFFMAN

    DIRECTOR BUSINESS RETENTION & EXPANSION

    Total calculated
    $105,155
    From this org
    $102,346
    From related orgs
    $0
    Other
    $2,809
    Hours/week
    40

  • TIMOTHY VANDERHOOF

    VP ECONOMIC DEVELOPMENT

    Total calculated
    $188,681
    From this org
    $188,681
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,600
    Bonus
    $0
    Other
    $20,081
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $188,681

  • JOHNNA REEDER KLEYMEYER

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $387,946
    From this org
    $350,000
    From related orgs
    $0
    Other
    $37,946
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,000
    Bonus
    $60,000
    Other
    $20,000
    Deferred
    $23,000
    Nontaxable benefits
    $14,946
    Filer's total
    $387,946

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503189349315720

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