2024-07-10T13:03:46-05:00 2023-12-31 840884124 BiggsKofford PC 630 Southpointe Court Suite 200 Colorado Springs CO 80906 990 2023-01-01 840809343 Colorado Springs Convention and Visitors Bureau COLO 7196857628 515 South Cascade Avenue Colorado Springs CO 80903 Douglas Price President/CEO 7196857628 2024-07-10 1 Douglas Price 999009999 0 Tyler Atkins CPA P01818337 7195799090 2024-07-10 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Visit Colorado Springs Douglas Price 515 South Cascade Avenue Colorado Springs CO 80903 5739938 0 X www.visitcos.com X 1980 CO We create economic vitality through memorable visits to the wonders of Colorado Springs and the Pikes Peak Region. 13 13 22 31 118685 0 1121314 90239 4750552 5523067 34394 99581 4041 27051 5910301 5739938 173500 187000 0 0 1795849 1853880 0 0 0 3613105 3005967 5582454 5046847 327847 693091 5948679 6654342 1207795 1157626 4740884 5496716 X Colorado Springs Convention and Visitors Bureau's, now doing business as Visit Colorado Springs (VCOS), primary exempt purpose is promotion of the Pikes Peak Region. VCOS is designed to stimulate the visitor industry in the Pikes Peak Region by conducting a variety of programs, both continual and intermittent, to enhance the quantity, quality and volume of visitors to our area. In addition, VCOS works with regional entities to improve the environment, facilities and infrastructure to enhance visitor experiences. 0 0 4214847 187000 5431433 VCOS engages in promotional programs which include soliciting group meetings and events, operating visitor information centers, maintaining a website, community involvement in special projects, developing plans and working with regional entities to improve visitor experience, and distributing informational brochures, maps, and other publications. 4214847 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 34 0 1 22 1 1 1 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X The Organization 7196857628 515 South Cascade Avenue Colorado Springs CO 80903 Douglas Price President/CEO 40.00 X 256318 0 29239 Amy Long Chief Innovation Officer 40.00 X 112051 0 27146 Kathy Reak Vice President of Sales 40.00 X 113348 0 4216 April Perez Director of Finance 40.00 X 65929 0 2248 Jason Cutshaw Chief Financial Officer (Part Year) 40.00 X 40374 0 2907 Susan Davies Chair 1.00 X X 0 0 0 Pepper Dombroski Vice Chair 1.00 X X 0 0 0 Dave Harris Treasurer 1.00 X X 0 0 0 Becky Leinweber Secretary 1.00 X X 0 0 0 Kristina Coggins Heck Director 1.00 X 0 0 0 Megan Leatham Director 1.00 X 0 0 0 Jenny Sherman Director 1.00 X 0 0 0 Angela Seals Director 1.00 X 0 0 0 Kevin Penn Director 1.00 X 0 0 0 Andrew Stegen Director 1.00 X 0 0 0 Gus Krimm Director 1.00 X 0 0 0 Brooke Mikulas Director 1.00 X 0 0 0 Wendy McHenry Director 1.00 X 0 0 0 588020 0 65756 3 0 1 0 Orange142 LLC 1177 West Loop South Suite 1310 Houston TX 77027 Advertising 1099616 Cvent Inc PO Box 822699 Philadelphia PA 19182 Advertising 198808 2 90239 45239 90239 Government fees 541800 5000000 5000000 Member derived revenue 541800 393694 393694 Official Visitor Guide 541800 102470 102470 Trade show support and 541800 26903 26903 5523067 99581 99581 16215 0 16215 16215 Miscellaneous revenue 541860 10836 10836 10836 5739938 5431433 118685 99581 187000 397015 1127936 26469 184513 117947 66122 9962 1592050 350864 476864 223312 314 111620 10112 Business development 117574 Community events assist 36610 Public relations 10563 5046847 264165 1213813 1903151 0 51217 122929 5905 19915 157934 272377 744657 423411 427359 321246 2258477 3896438 8523 40221 871948 767403 5948679 6654342 131019 197990 134559 142124 942217 817512 1207795 1157626 X 4740884 5496716 4740884 5496716 5948679 6654342 693091 62741 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 1 0 245684 71830 173854 170851 156605 14246 328122 194976 133146 321246 Deposits 5527 Operating lease right-of-use asset 761876 767403 Operating lease liability 809330 Finance lease liabilities 8182 817512 X 5852717 62741 60000 122741 5729976 9962 9962 5739938 5096885 60000 60000 5036885 9962 9962 5046847 Part X, Line 2: The Organization is exempt from income taxes under Section 501(c)(6) of the Code. The Organization evaluates the effect of uncertain income tax positions, if any, and provides for those positions in accordance with the provisions of FASB ASC 450, Contingencies. No tax accrual for uncertain tax positions has been recorded as management believes there are no uncertain tax positions. 1 Colorado Springs Sports Corp 1631 Mesa Ave Suite E Colorado Springs CO 80906 840811908 Corporation 15000 0 Local events Foundation for Colorado Springs Future via Pikes Peak Enterprise Zone 9 E Vermijo Ave Colorado Springs CO 80903 846000764 Government 10000 0 Titans Campaign Pikes Peak International Hill Climb 1631 Mesa Avenue Ste B-1 Colorado Springs CO 80906 841107922 501(c)(3) 10000 0 Support for local meeting/event Pikes Peak or Bust Rodeo Foundation 1045 W Lower Gold Camp Rd Colorado Springs CO 80905 841589318 501(c)(3) 12000 0 Support for local meeting/event Great Race via Coker Tire Company 1317 Chestnut Street Chattanooga TN 37402 620643841 Corporation 25000 0 Support for local meeting/event City of Colorado Springs PO Box 1575 MC250 Colorado Springs CO 80901 846000573 Government 75000 0 Support for OCUSA branding 4 2 Part I, Line 2: Funds are awarded to organizations that bring in special events, commonly sporting but sometimes other types of meetings or conventions, to help promote the event and ensure the event's success in bringing new visitors to the region. We do not ask for an accounting of such payments, other than requesting an invoice for payment. We know who we have paid, and how much. For some events, there is an evaluation to determine room nights generated and it is an internal management decision to determine which events hold the most promise of bringing visitors to the region. X X X X 0 0 0 Douglas Price President/CEO 227049 0 29269 0 0 0 6600 0 22639 0 285557 0 0 0 Part I, Line 3 Compensation for the President/CEO is determined through a review of compensation for similar CEOs of other national destination marketing organizations, obtained via a confidential survey from Destinations International. We also review nonprofit salary surveys provided by Employers Council and Form 990s of other organizations. This information is shared with the finance committe which determines and approves President/CEO compensation under delegation of the Board of Directors and is executed in a written employment contract. X Various 68 45239 Fair Market Value 0 1 0 Form 990, Part VI, Section B, line 11b Form 990 will be reviewed by executive officers with the auditor. The form will then be reviewed with the finance committee before being emailed to the Board of Directors. Form 990, Part VI, Section B, line 12c Board self-monitors for conflict of interest among its members. CFO and President/CEO also monitor for potential conflicts and make affected personnel aware of the situation. Form 990, Part VI, Section B, line 15 Compensation for the President/CEO is determined through a review of compensation for similar CEOs of other national destination marketing organizations, obtained via a confidential survey from Destinations International. We also review nonprofit salary surveys provided by Employers Council. This information is shared with the finance committe which determines and approves President/CEO compensation under delegation of the Board of Directors. Compensation for all other employees of the organization is established by the President/CEO with input from the CFO. Under his employment contract, the President/CEO has sole authority to set employee pay, within guidelines (budget) set by the Board of Directors. Employee pay amounts are provided to the finance committee for review and discussion, with the President/CEO having final authority. Comparable data from DMAI and MSEC are used, along with President/CEO input on employee value. Form 990, Part VI, Section C, line 19 The Organization's Governing Documents, Conflict of Interest Policy, and Financial Statements are made available to the public upon request. Part XII, Line 2c The process for selecting the independent CPA firm has not changed from the previous years. Official Visitors Guide-Colorado 515 S Cascade Avenue Colorado Springs CO 80903 841068181 Advertising sales CO N/A Unrelated 31697 252975 0 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Official Visitors Guide-Colorado Q 27812 Amount paid