2020-11-11T16:11:26-06:00 2019-12-31 BKD LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2019-01-01 841264465 COLORADO SPRINGS WORLD ARENA % COLORADO SPRINGS WORLD ARENA COLO 7194772100 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 DAVID PALENCHAR PRESIDENT 7194772100 2020-05-15 true Adam R Smith CPA P00958966 7194714290 167.68.126.162 84022720203165000004 2020-11-11 P 26C3A9CF11B26F9C2D280370FFBE8B4C03C04303 77DF0CAAE1F5E6E3DB1EF21D511E6FF85A182A0B 2019 2021-01-29 14:40:06Z DAVID PALENCHAR 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 7084874 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 20 350 20 0 101183 68077 5583618 5688328 70284 60960 0 0 5755085 5817365 154574 133329 0 0 2513070 2480634 0 0 41452 4535071 4566498 7202715 7180461 -1447630 -1363096 37832094 35624531 6423014 5539261 31409080 30085270 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 5275723 99574 4052091 OPERATION AND MAINTENANCE OF THE COLORADO SPRINGS WORLD ARENA AND ICE HALL 905674 33755 1636237 OPERATION AND MAINTENANCE OF THE PIKES PEAK CENTER 6181397 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 true true true false false false false false false false false false false false false false false false false true 96 0 350 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 X COLORADO SPRINGS WORLD ARENA 7194772100 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 X DOROTHEA LISCHICK GENERAL MANAGER 65.0 0.0 X 238882 0 24004 TUESDAY HELSLOP ASSISTANT GENERAL MANAGER 60.0 0.0 X 151873 0 26973 DANIEL CROOK SECRETARY 40.0 0.0 X 68824 0 22831 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 459579 0 73808 2 false true false GE JOHNSON CONSTRUCTION CO 25 NORTH CASCADE AVENUE COLORADO SPRINGS CO 80903 CONSTRUCTION 1867498 TOLIN MECHANICAL SYSTEMS PO BOX 732293 DALLAS TX 753732293 MAINTENANCE 453809 CENTERPLATE 25 North Cascade Avenue GREENVILLE SC 29615 FOOD AND BEVERAGE 437042 RHINO COLORADO LLC PO BOX 1678 TEMPE AZ 852801678 PROFESSIONAL FEES 164700 Staff Pro Inc 3662 Katella Eve Suite 110 LOS ALAMITOS CA 80720 Staffing Agency 136570 9 68077 68077 Arena Revenue 900099 2485888 2485888 Ice Hall Revenue 900099 1566203 1566203 Pikes Peak Center Revenue 900099 1636237 1636237 5688328 61852 61852 0 0 0 0 0 1266617 1267509 -892 -892 -892 0 0 0 0 0 0 0 0 0 0 5817365 5688328 60960 62117 62117 71212 71212 0 0 354541 237542 116999 0 1697661 1130494 545413 21754 51736 24306 26013 1417 145780 69911 73443 2426 230916 230916 0 1575 1575 30430 30430 0 0 5103 5103 196238 193576 2662 438935 407060 31875 116152 69535 46617 0 0 1307174 1299728 7446 1815 1815 0 10968 1200 9768 0 0 2163058 2114299 48759 0 REPAIRS & MAINTENANCE 204746 202994 1752 LICENSES AND PERMITS 18846 18846 PENROSE CLUB EXPENSE 16522 667 15855 DUES AND SUBSCRIPTIONS 29956 18624 11332 24980 24980 7180461 6181397 957612 41452 3581506 2405255 2956 2767 24570 0 816276 996674 0 0 0 0 0 0 0 0 137686 163273 73204311 44640520 29109448 28563791 4159652 3492771 0 0 0 0 0 0 0 0 37832094 35624531 2957728 1591320 0 0 3299881 3763451 0 0 0 0 0 0 0 0 0 0 165405 184490 6423014 5539261 X 31307167 30001728 101913 83542 31409080 30085270 37832094 35624531 -1363096 39286 X false true X true false X 82082 528401 59482 101183 68077 839225 5041139 5151212 5363376 5583618 5688328 26827673 0 0 577197 577197 577197 577197 577197 2885985 5700418 6256810 6000055 6261998 6333602 30552883 10250 18990 21840 7000 0 58080 1905918 1728184 3896017 4991388 12521507 1916168 1747174 21840 3903017 4991388 12579587 17973296 57384 46039 51279 68758 61852 285312 0 57384 46039 51279 68758 61852 285312 0 94754 95600 190354 5852556 6302849 6146934 6330756 6395454 31028549 0.57925 0.55902 0.00920 0.00925 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 101913 69594 87965 83542 172997 101183 172267 101913 257966 59482 144451 172997 132972 516737 391743 257966 187944 53838 108810 132972 1.00000 false false 2749617 2749617 51785570 28185159 23600411 6077632 4725478 1352154 7798824 6959573 839251 4792668 4770310 22358 28563791 0 Deposits 184490 184490 6428745 39286 577197 616483 5812262 5103 5103 5817365 7752555 577197 577197 7175358 5103 5103 7180461 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 COLORADO SPRINGS PHILHARMONIC ORCHESTRA PO BOX 1266 COLORADO SPRINGS CO 80901 743091110 501(C)(3) 12500 FMV REDUCED RENT YOUTH & COMMUNITY FUND - SPECIFICALLY THIS GRANT HELPS ENABLE THE CS PHILHARMONIC ORCHESTRA TO PURCHASE TICKETS FOR THE BENEFIT OF DISADVANTAGED PEOPLE WHO OTHERWISE WOULD NOT BE ABLE TO ATTEND EVENT. USAF Academy Band 520 Otis Street Peterson AFB Colorado Springs CO 80914 849990000 US GOVERNMENT 10188 FMV REDUCED RENT EVENT TICKETS El Pomar Foundation 10 Lake Circle Colorado Springs CO 80906 846002373 501(c)(3) 11300 FMV Reduced Rent Youth & Comm. Fund Colorado Spring Amateur Hockey 102 E Pikes Peak Ave No 201 Colorado Springs CO 80901 753004503 501 (C)(3) 6500 FMV Reduced Rent Event Tickets 4 FRED SINDT FUND 41 71212 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 DOROTHEA LISCHICK GENERAL MANAGER 187743 0 48500 0 2639 0 16794 0 7210 0 262886 0 TUESDAY HELSLOP ASSISTANT GENERAL MANAGER 117180 0 33000 0 1693 0 11100 0 15873 0 178846 0 SCHEDULE J, PART I, LINE 7 DOROTHEA LISCHICK and Tuesday Heslop both RECEIVED A NON-FIXED PAYMENT OF $48,500 and $33,000 respectively DURING 2019 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 2019 PAYMENT AMOUNTs OF $48,500 and $33,000 are INCLUDED IN BONUS AND INCENTIVE COMPENSATION ON SCHEDULE J, PART II. FORM 990, PART VI, SECTION A, LINE 2 Business Relationships: DAVE PALENCHAR, TOM OSBORNE, 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. Form 990, Part VII Compensation for Dan Crook: Compensation for Dan Crook is related to his role as the business manager of the organization. Dan also serves as the secretary, which is a non-compensated position.