2021-11-10T16:45:07-06:00 2020-12-31 BKD LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2020-01-01 841264465 COLORADO SPRINGS WORLD ARENA % COLORADO SPRINGS WORLD ARENA COLO 7194772100 3185 VENETUCCI BOULEVARD COLORADO SPRINGS CO 80906 DAVID PALENCHAR PRESIDENT 7194772100 2021-11-10 true David Palenchar 999009999 Adam R Smith CPA P00958966 7194714290 2021-11-10 2 2020 2022-09-23 18:48:47Z DAVID PALENCHAR 3185 VENETUCCI BOULEVARD COLORADO SPRINGS CO 80906 3094090 false X WWW.BROADMOORWORLDARENA.COM X 1994 CO 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. 20 20 261 20 0 68077 108710 5688328 2074046 60960 32939 0 0 5817365 2215695 133329 16010 0 0 2480634 1695840 0 0 24225 4566498 3448356 7180461 5160206 -1363096 -2944511 35624531 31578103 5539261 4419323 30085270 27158780 X 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. false false 3662766 1890026 OPERATION AND MAINTENANCE OF THE COLORADO SPRINGS WORLD ARENA AND ICE HALL 803159 184020 OPERATION AND MAINTENANCE OF THE PIKES PEAK CENTER 4465925 true true false false false false false false false true true false false false true false true false false false false false false false false false false false true true false false false false false true false false false false false false false false false false true 52 0 261 true false false false false false false false false false false false false X 20 20 true false false false false false false true true false false true true true true true true false true false CO X COLORADO SPRINGS WORLD ARENA 7194772100 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 X DOROTHEA LISCHICK GENERAL MANAGER 65.0 0.0 X 246386 0 26066 TUESDAY HESLOP ASSISTANT GENERAL MANAGER 60.0 0.0 X 143913 0 31972 ARON MCGUIRE DIRECTOR 1.0 0.0 X 0 0 0 CAROLYN KRUSE DIRECTOR 1.0 0.0 X 0 0 0 DAVE OGREAN DIRECTOR 1.0 0.0 X 0 0 0 DAVID PALENCHAR PRESIDENT 5.0 0.0 X X 0 0 0 GARY BUTTERWORTH DIRECTOR 1.0 0.0 X 0 0 0 IAN RATZ DIRECTOR 1.0 0.0 X 0 0 0 JACK DAMIOLI DIRECTOR 1.0 0.0 X 0 0 0 JIM WARSINKE DIRECTOR 1.0 0.0 X 0 0 0 KYLE HYBL DIRECTOR 1.0 0.0 X 0 0 0 KEN HODGES DIRECTOR 1.0 0.0 X 0 0 0 LOU MELLINI DIRECTOR 1.0 0.0 X 0 0 0 NICOLE MAGIC SECRETARY 1.0 0.0 X X 0 0 0 PETER SUSEMIHI CHAIRMAN 1.0 0.0 X X 0 0 0 R THAYER TUTT JR ASSISTANT TREASURER 1.0 0.0 X X 0 0 0 THEO GREGORY DIRECTOR 1.0 0.0 X 0 0 0 SUSAN EDMONSON DIRECTOR 1.0 0.0 X 0 0 0 TERRY SULLIVAN DIRECTOR 1.0 0.0 X 0 0 0 ELAINE MARTINEZ TREASURER 1.0 0.0 X X 0 0 0 TOM FALGIEN DIRECTOR 1.0 0.0 X 0 0 0 TOM OSBORNE DIRECTOR 1.0 0.0 X 0 0 0 390299 0 58038 2 false true false TOLIN MECHANICAL SYSTEMS PO BOX 732293 DALLAS TX 753732293 MAINTENANCE 107502 TAMMY GAMBILL 57 PENROSE BLVD COLORADO SPRINGS CO 80906 COACH SKATING 147987 RYAN JAHNKE J-EDGE LLC 2702 W PIKES PEAK AVE COLORADO SPRINGS CO 80904 COACH SKATING 132256 ERIK SHULZ 1213 MORNINGSTAR DRIVE COLORADO SPRINGS CO 80905 COACH SKATING 130483 ILLONA MELNICHENKO 1632 DERBYSHIRE ST COLORADO SPRINGS CO 80910 COACH SKATING 121425 5 108710 108710 Arena Revenue 900099 688319 688319 Ice Hall Revenue 900099 1201707 1201707 Pikes Peak Center Revenue 900099 184020 184020 2074046 32044 32044 0 0 0 0 0 879290 878395 895 895 895 0 0 0 0 0 0 0 0 0 0 2215695 2074046 32939 3500 3500 12510 12510 0 0 272452 176655 95797 0 17841 17841 1097490 711767 370847 14876 35272 6445 26551 2276 143132 119457 21805 1870 129653 129653 0 0 34680 34680 0 0 185 185 218343 215408 2935 21755 765 20990 62460 34175 28285 0 0 874336 866911 7425 254 254 0 692 692 0 0 2029173 1980414 48759 0 REPAIRS AND MAINTENANCE 156801 155672 1129 LICENSES AND PERMITS 9753 9753 PENROSE CLUB EVENTS 5203 5203 DUES AND SUBSRIPTIONS 22883 12907 9976 11838 11838 5160206 4465925 670056 24225 2405255 1713634 2767 2060 0 0 996674 635503 0 0 0 0 0 0 0 0 163273 96827 73136222 46669689 28563791 26466533 3492771 2663546 0 0 0 0 0 0 0 0 35624531 31578103 1591320 594070 0 0 3763451 3099201 0 0 0 0 0 0 0 0 0 0 184490 726052 5539261 4419323 X 30001728 27017347 83542 141433 30085270 27158780 35624531 31578103 -2944511 18021 X false true X true false X 528401 59482 101183 68077 108710 865853 5151212 5363376 5583618 5688328 2074046 23860580 0 0 577197 577197 577197 577197 577197 2885985 6256810 6000055 6261998 6333602 2759953 27612418 18990 21840 7000 0 47830 1728184 3896017 4984730 951116 11560047 1747174 21840 3903017 4984730 951116 11607877 16004541 46039 51279 68758 61852 32044 259972 0 46039 51279 68758 61852 32044 259972 0 95600 95600 6302849 6146934 6330756 6395454 2791997 27967990 0.57225 0.57925 0.00929 0.00920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 83542 57891 141433 101913 69594 87965 83542 172997 101183 172267 101913 257966 59482 144451 172997 132972 516737 391743 257966 1.00000 false false 2749617 2749617 51856802 29656145 22200657 6077632 5063220 1014412 7659503 7174101 485402 4792668 4776223 16445 26466533 0 DEPOSITS 116366 REFUNDABLE ADVANCE 609686 726052 2810728 18021 577197 595218 2215510 185 185 2215695 5737218 577197 577197 5160021 185 185 5160206 SCHEDULE D, PART V, LINE 4 DESCRIBE THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE ORGANIZATION'S ENDOWMENT FUNDS ARE DESIGNATED FOR TIME AND PURPOSE. THE INTENDED USES OF THE ORGANIZATIONS ENDOWMENT FUNDS INCLUDE THE YOUTH AND COMMUNITY FUND, LEARN-TO-SKATE AND HOCKEY WORKSHOP, INTERNSHIPS AND OTHERS. Schedule D, Part X, Line 2 UNCERTAIN TAX POSITIONS: Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. true FRED SINDT FUND 23 12510 FMV REDUCED FEES SCHEDULE I, PART I, LINE 2 DESCRIBE THE ORGANIZATION'S PROCEDURES FOR MONITORING USE OF GRANT FUNDS: THE APPROVAL OF GRANT FUNDS IN GENERAL AND APPROVAL OF SPECIFIC GRANTS IS VOTED ON BY THE BOARD OF DIRECTORS AND BY THE FINANCE COMMITTEE AT EACH MONTHLY BOARD MEETING. REVIEW OF ALL GRANT FUNDS (APPROVALS, PAYMENTS, ETC.) ALSO OCCURS AT EACH MONTHLY FINANCE COMMITTEE AND BOARD MEETING. Schedule I, Part III, Column F Description of Fred Sindt Fund Grant: THIS GRANT PROVIDES OPPORTUNITIES FOR LOCAL SKATING CLUB MEMBERS WHO ACHIEVE A HIGH LEVEL OF SUCCESS TO RECEIVE TRAINING AT THE COLORADO SPRINGS WORLD ARENA ICE HALL. X X X false false false false false false false true false TUESDAY HESLOP ASSISTANT GENERAL MANAGER 107112 0 34500 0 2301 0 10324 0 21648 0 175885 0 DOROTHEA LISCHICK GENERAL MANAGER 193909 0 50000 0 2477 0 17227 0 8839 0 272452 0 SCHEDULE J, PART I, LINE 7 DOROTHEA LISCHICK AND TUESDAY HESLOP BOTH RECEIVED A NON-FIXED PAYMENT OF $50,000 AND $34,500 RESPECTIVELY DURING 2020 AS PART OF A BOARD APPROVED INCENTIVE PLAN. PAYMENTS UNDER THIS PLAN ARE DISCRETIONARY BASED UPON SEVERAL FACTORS AND ARE SUBJECT TO ANNUAL APPROVAL BY THE BOARD. THE 2020 PAYMENT AMOUNTs OF $50,O00 and $34,500 ARE INCLUDED IN BONUS AND INCENTIVE COMPENSATION ON SCHEDULE J, PART II. DANIEL CROOK FORMER OFFICER 17841 CONSULTING SERVICES false FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS: LOU MELLINI, CAROLYN KRUSE, TERRY SULLIVAN, KYLE HYBL, GARY BUTTERWORTH, THEOPHILUS GREGORY, R. THAYER TUTT, JR., NICOLE MAGIC, AND ELAINE MARTINEZ HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: THE FORM 990 IS REVIEWED INTERNALLY BY THE BUSINESS MANAGER, ASSISTANT GENERAL MANAGER AND PRESIDENT OF THE BOARD. NEXT, THE RETURN IS PRESENTED TO AND REVIEWED BY THE FINANCE COMMITTEE WHERE THEY RECOMMEND FILING THE FORM 990 WITH THE IRS. A COPY OF THE FINAL FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD FOR REVIEW PRIOR TO THE RETURN BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY TO DISCLOSE POTENTIAL CONFLICTS. BOARD MEMBERS ARE EXCLUDED FROM THE APPROVAL PROCESS WHEN CONFLICTS OF INTEREST ARISE. FINANCE AND MANAGEMENT MONITOR TRANSACTIONS THROUGHOUT THE YEAR FOR POTENTIAL CONFLICTS OF INTEREST. IF A CONFLICT WERE TO BE IDENTIFIED, IT WOULD BE TAKEN TO THE BOARD FOR REVIEW AND, IF APPROPRIATE, APPROVAL BY THE INDEPENDENT MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A REVIEW OF CEO COMPENSATION: FORM 990, PART VI, LINE 15A SPECIFICALLY ASKS FOR THE PROCESS TO DETERMINE COMPENSATION FOR THE ORGANIZATION'S CEO. BECAUSE THE PRESIDENT/CEO OF THE ORGANIZATION IS A NON-COMPENSATED POSITION, COLORADO SPRINGS WORLD ARENA HAS ANSWERED THIS QUESTION AS NO. FORM 990, PART VI, SECTION B, LINE 15B REVIEW OF KEY EMPLOYEE COMPENSATION: COMPENSATION IS REVIEWED ANNUALLY BY THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS. LAST REVIEW WAS PERFORMED IN 2019. THE FINANCE COMMITTEE REVIEWED SALARIES OF COMPARABLE VENUES AS SET FORTH IN THE IAVM COMPLEX MANAGEMENT SALARY REPORT. A THREE STEP PROCEDURE IS FOLLOWED FOR THE REVIEW OF COMPENSATION AND ALL DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC: THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE ON THE COLORADO SECRETARY OF STATE'S WEBSITE. NO OTHER DOCUMENTS UNLESS REQUIRED BY LAW, INCLUDING ANY THAT WERE PREVIOUSLY AVAILABLE, ARE AVAILABLE TO THE PUBLIC.