2019-07-25T09:49:04-05:00 2018-12-31 BKD LLP 111 South Tejon Suite 800 COLORADO SPRINGS CO 809039848 990 2018-01-01 841264465 Colorado Springs World Arena % COLORADO SPRINGS WORLD ARENA COLO 7194772100 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 DAVID PALENCHAR President 7194772100 2019-07-26 true Adam R Smith CPA P00958966 7194714290 167.68.126.162 84022720192065000000 2019-07-25 P 19466AA61A357D31F4873695DF4DFE6460C1305A 10F9A2F16C40F4702EDF9C2430903D7975DDF98C 2018 2019-02-21 02:37:17Z DAVID PALENCHAR 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 7342520 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. 19 19 351 19 0 59481 101183 5363376 5583618 57570 70284 95600 0 5576027 5755085 141444 154574 0 0 2507533 2513070 0 0 40140 4460435 4535071 7109412 7202715 -1533385 -1447630 37138605 37832094 4277268 6423014 32861337 31409080 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 5157450 117709 4092681 OPERATION AND MAINTENANCE OF THE COLORADO SPRINGS WORLD ARENA AND ICE HALL. 962699 36865 1490937 OPERATION AND MAINTENANCE OF THE PIKES PEAK CENTER. 6120149 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 83 0 351 true false false false false false false false false false false false false X 19 19 true false true 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 COLO SPRINGS CO 80906 X David J Palenchar President 5.0 0.0 X X 0 0 0 Peter J Susemihl Chairman 1.0 0.0 X X 0 0 0 Gary Butterworth Secretary 1.0 0.0 X X 0 0 0 Robert J Hilbert Treasurer 1.0 0.0 X X 0 0 0 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 Jim Warsinske Director 1.0 0.0 X 0 0 0 Kyle Hybl Director 1.0 0.0 X 0 0 0 Lou Mellini Director 1.0 0.0 X 0 0 0 Nicola Sapp Director 1.0 0.0 X 0 0 0 R Thayer Tutt Jr Assistant Treasurer 1.0 0.0 X X 0 0 0 Robert Howsam 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 Theophilus D Gregory Director 1.0 0.0 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 Jack Damioli Director 1.0 0.0 X 0 0 0 Ian Ratz Director 1.0 0.0 X 0 0 0 Nicole Magic Director 1.0 0.0 X 0 0 0 Daniel Crook Secretary 40.0 0.0 X 70578 0 26898 Dorothea Lischick General Manager 65.0 0.0 X 223543 0 22715 Tuesday Heslop Asst General Manager 55.0 0.0 X 125666 0 31217 419787 0 80830 2 false true false CENTERPLATE 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 FOOD AND BEVERAGE 420529 Tolin Mechanical System PO Box 732293 DALLAS TX 75373 Maintenance 161845 J-Edge LLC 2702 West Pikes Peak Ave COLORADO SPRINGS CO 80904 Coach-Figure Skating 147826 GE Johnson Construction CO 25 North Cascade Avenue COLORADO SPRINGS CO 80903 Construction 1193714 Becker Arena Products Inc 720 Innovation Drive SHAKOPEE MN 55379 Maintenance 172831 16 101183 101183 ARENA REVENUE 900099 2597689 2597689 ICE HALL REVENUE 900099 1494492 1494492 PIKES PEAK CENTER REVENUE 900099 1491437 1491437 5583618 68758 68758 0 0 0 0 0 1588961 1587435 1526 1526 1526 0 0 0 0 0 0 0 0 0 0 5755085 5583618 70284 79574 79574 75000 75000 0 0 343734 230302 113432 0 1698310 1047459 629095 21756 49686 21912 26357 1417 228922 154314 72182 2426 192418 192418 0 23 23 27805 27805 0 0 4907 4907 212302 209356 2946 457074 426541 30533 112415 70012 42403 0 0 1222202 1214739 7463 5311 5311 0 24107 24107 0 0 2136313 2087554 48759 0 REPAIRS & MAINTENANCE 250883 249631 1252 LICENSES & PERMITS 12276 12276 PENROSE CLUB EXPENSES 14541 14541 DUES & SUBSCRIPTIONS 24166 12981 11185 30746 30746 7202715 6120149 1042426 40140 2484994 3581506 2025688 1221000 76984 24570 806045 816276 0 0 0 0 0 0 0 0 151639 137686 71586910 42477462 28122852 29109448 3470403 2941608 0 0 0 0 0 0 0 0 37138605 37832094 1280862 2957728 0 0 2891088 3299881 0 0 0 0 0 0 0 0 0 0 105318 165405 4277268 6423014 X 32688340 31307167 172997 101913 0 0 32861337 31409080 37138605 37832094 -1447630 -4627 X false true X true false X 114843 82082 528401 59482 101183 885991 4335014 5041139 5151212 5363376 5583618 25474359 0 0 577197 577197 577197 577197 577197 2885985 5027054 5700418 6256810 6000055 6261998 29246335 6262 10250 18990 21840 7000 64342 1874865 1905918 1728184 3167839 3896017 12572823 1881127 1916168 1747174 3189679 3903017 12637165 16609170 51363 57384 46039 51279 68758 274823 0 51363 57384 46039 51279 68758 274823 0 94754 95600 190354 5078417 5852556 6302849 6146934 6330756 29711512 0.55902 0.61778 0.00925 0.00861 X 172997 101183 172267 101913 257966 59482 144451 172997 132972 516737 391743 257966 187944 53838 108810 132972 236934 88125 137115 187944 1.00000 false false 2749617 2749617 47778158 26698882 21079276 6044625 4321352 1723273 7613785 6698158 915627 7400725 4759070 2641655 29109448 0 DEPOSITS 165405 165405 6322623 -4627 577197 572570 5750053 5032 5032 5755085 7774880 577197 577197 7197683 5032 5032 7202715 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) 10000 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. US ARMY 1675 ELLIS ST FORT CARSON CO 80913 840403198 US GOVERNMENT 11220 FMV REDUCED RENT YOUTH & COMMUNITY FUND - SPECIFICALLY FOR THE BENEFIT OF THE FAMILIES OF THE U.S ARMY AT FT. CARSON TO ATTEND THE CIRCUS AND THE US ARMY SOLDIER SHOW. USAF Academy Band 520 Otis Street Peterson AFB Colorado Springs CO 80914 849990000 US GOVERNMENT 9115 FMV REDUCED RENT EVENT TICKETS Rampart High School School District 20 8250 Lexington Dr Colorado Springs CO 80920 841211422 501(C)(3) 22489 FMV REDUCED RENT COMMUNITY TOURNAMENT Colorado Springs Conservatory 415 S Sahwatch Street Colorado Springs CO 80903 841502211 501(C)(3) 6000 FMV REDUCED RENT EVENT TICKETS 5 FRED SINDT FUND 54 75000 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 II, Column H DESCRIPTION OF COLORADO SPRINGS PHILHARMONIC ORCHESTRA YOUTH & COMMUNITY FUND GRANT: THIS GRANT SPECIFICALLY HELPS ENABLE THE CS PHILHARMONIC ORCHESTRA TO PURCHASE TICKETS FOR THE BENEFIT OF DISADVANTAGED PEOPLE WHO OTHERWISE WOULD NOT BE ABLE TO ATTEND EVENTS. Schedule I, Part II, Column H Description of U.S. Army Youth & Community Fund Grant This Grant is specifically for the benefit of the families of the U.S Army at Ft. Carson to attend the Military Show. Schedule I, Part II, Column H Description of USAF Academy Band Youth & Community Fund This grant is specifically in support of the May 2018 Pikes Peak Center event and the 2018 Christmas Concert. 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 182824 38000 2719 15652 7063 246258 Tuesday Heslop Asst General Manager 98940 25000 1726 9213 22004 156883 SCHEDULE J, PART I, LINE 7 DOROTHEA LISCHICK RECEIVED A NON-FIXED PAYMENT OF $38,000 DURING 2018 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 2018 PAYMENT AMOUNT OF $38,000 IS 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, ROBERT HILBERT, KYLE HYBL, GARY BUTTERWORTH, THEOPHILUS GREGORY, R. THAYER TUTT, JR. AND NICOLE MAGIC SOTO 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 ORGANIZATIONS 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 2018. 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. FORM 990, PART VI, SECTION A, LINE 4 SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS: DURING 2018, THE ORGANIZATION REVISED ITS BYLAWS AND MADE MULTIPLE CHANGES; INCLUDING THAT THE MAYOR OF COLORADO SPRINGS NO LONGER APPOINTS TWO MEMBERS OF THE BOARD. ALL BOARD MEMBERS ARE ELECTED BY THE BOARD ITSELF.