2017-08-01T09:03:43-05:00 2016-12-31 BKD LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2016-01-01 841264465 Colorado Springs World Arena % COLORADO SPRINGS WORLD ARENA COLO 7194772100 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 DAVID PALENCHAR President 7194772100 2017-07-26 true ADAM R SMITH CPA P00958966 7194714290 64.22.227.161 84022720172135000000 2017-08-01 P 9FA4587EFF0C3538BA7A022E3664664341CA183B 48C046A187B6F8346607F8837B240881F36E608D 2016 2021-01-29 14:40:06Z The Broadmoor World Arena DAVID PALENCHAR 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 6635756 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 19 345 19 0 82082 528401 5041139 5151212 38227 47455 94754 0 5256202 5727068 140535 183099 0 0 2201636 2353652 0 0 0 4119607 4270429 6461778 6807180 -1205576 -1080112 38053497 38696750 2545767 4279661 35507730 34417089 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 4558108 132418 3937769 OPERATION AND MAINTENANCE OF THE COLORADO SPRINGS WORLD ARENA AND ICE HALL. 1433183 50681 1213443 OPERATION AND MAINTENANCE OF THE PIKES PEAK CENTER. 5991291 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 87 0 true 345 true false false false false false false false false false false X 19 19 true false false false true true 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 Barbara Yalich thru 22016 Director 1.0 0.0 X 0 0 0 Bob Gordon thru 12016 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 Daniel Crook Secretary 40.0 0.0 X 65666 0 20048 Dorothea Lischick General Manager 65.0 0.0 X 214075 0 20622 Tuesday Heslop Asst General Manager 55.0 0.0 X 114053 0 26864 393794 0 67534 2 false true false CENTERPLATE 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 FOOD AND BEVERAGE 574696 SKATE GREAT ENTERPRISES INC 740 ROBINGLEN CT COLORADO SPRINGS CO 80906 COACH-FIGURE SKATING 147917 LVW Electronics 1540 Quail Lake Loop COLORADO SPRINGS CO 80906 Audio/Electronics 856936 Tolin Mechanical System PO Box 732293 DALLAS TX 75373 Maintenance 206106 Icewest Inc 1715 Hercules Dr COLORADO SPRINGS CO 80905 Coach-Figure Skating 146783 10 50000 478401 528401 ARENA REVENUE 900099 2584423 2584423 ICE HALL REVENUE 900099 1353346 1353346 PIKES PEAK CENTER REVENUE 900099 1213443 1213443 5151212 46039 46039 0 0 0 0 0 910104 908688 1416 1416 1416 0 0 0 0 0 0 0 0 0 0 5727068 5151212 47455 79781 79781 103318 103318 0 0 320410 214674 105736 0 1548006 1037164 510842 47661 31933 15728 252839 169402 83437 184736 123773 60963 0 73 73 27077 27077 0 0 125 125 172522 172522 276220 276220 106419 106419 0 0 1137403 1137403 9094 9094 0 11981 11981 0 0 2148087 2148087 0 REPAIRS & MAINTENANCE 291200 291200 LICENSES & PERMITS 20309 20309 PENROSE CLUB EXPENSES 29796 29796 DUES & SUBSCRIPTIONS 34000 34000 6123 6123 6807180 5991291 815889 0 2037099 4062068 1053548 698228 29827 169772 865683 822996 0 0 0 0 0 0 0 0 35319 96556 68112534 38324606 30488674 29787928 3543347 3059202 0 0 0 0 0 0 0 0 38053497 38696750 915082 1014760 0 0 1070935 2999486 0 0 0 0 0 0 0 0 0 0 559750 265415 2545767 4279661 X 35374758 34159123 132972 257966 0 0 35507730 34417089 38053497 38696750 -1080112 -10529 X false true X true false X 168875 259242 114843 82082 528401 1153443 4250209 4084944 4335014 5041139 5151212 22862518 0 0 577197 577197 577197 577197 577197 2885985 4996281 4921383 5027054 5700418 6256810 26901946 4460 6306 6262 10250 18990 46268 1959018 1657467 1874865 1905918 1728184 9125452 1963478 1663773 1881127 1916168 1747174 9171720 17730226 41453 37920 51363 57384 46039 234159 0 41453 37920 51363 57384 46039 234159 0 94754 94754 5037734 4959303 5078417 5852556 6302849 27230859 0.65111 0.61731 0.00860 0.00818 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 132972 516737 391743 257966 187944 53838 108810 132972 236934 88125 137115 187944 162164 226717 -18 151929 236934 191636 168874 691 199037 162164 0.00000 0.00000 1.00000 false false 2806333 2806333 41148690 20034367 21114323 6028266 3516281 2511985 7290835 6052525 1238310 10838410 8721433 2116977 29787928 0 DEPOSITS 135415 CAPITAL ADVANCE PAYABLE 130000 265415 6293611 -10529 577197 566668 5726943 125 125 5727068 7384252 577197 577197 6807055 125 125 6807180 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 & 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) 14500 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 10000 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. USA Gymnastics 132 E Washington Street St 700 Indianapolis IN 46204 751847871 501(c)(3) 10000 fmv REDUCED RENT EVENT TICKETS USAF Academy Band 520 Otis Street Peterson AFB Colorado Springs CO 80914 849990000 US GOVERNMENT 7030 FMV REDUCED RENT eVENT TICKETS SprinkleArt Inc dba imagination celebration PO Box 1917 Colorado Springs CO 80901 841526365 5600 fmv reduced rent event tickets Colorado Springs Youth Symphony PO Box 7846 Colorado Springs CO 80933 841109579 501(C)(3) 5085 fmv REDUCED RENT EVENT TICKETS 5 1 FRED SINDT FUND 39 103318 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. Grant Description Part II, Column H, Colorado Springs Philharmonic Orchestra 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 events. Grant Description Part II, Column H, U.S. Army 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. Grant Description Part II, Column H, USA Gymnastics Youth & Community Fund - specifically to support the US Olympic Gymnastics September 2016 public rehearsal event. Grant Description Part II, Column H, USAF Academy Band Youth & Community Fund - specifically in support of the May 2016 Pikes Peak Center event and the 2016 Christmas Concert. Grant Description Part II, Column H, Imagination Celebration Youth & Community Fund - Specifically in support of the November 2016 & January 2017 Pikes Peak Center Performances. Grant Description Part II, Column H, Colorado Springs Youth Symphony Youth & Community Fund - specifically for the support of all 2016 Youth Symphony events at the Pikes Peak center and the Holiday concert in particular. Grant Description Part III, Column F, Fred Sindt Fund 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 172324 0 38000 0 3751 0 14613 0 6009 0 234697 0 0 0 SCHEDULE J, PART I, LINE 7 DOROTHEA LISCHICK RECEIVED A NON-FIXED PAYMENT OF $38,000 DURING 2016 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 2016 PAYMENT AMOUNT OF $38,000 IS INCLUDED IN BONUS & 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, AND R. THAYER TUTT, JR. HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Section A, Line 6 & 7a describe circumstances for having members: the mayor of the city of colorado springs is a member for 990 purposes. The Mayor may elect up to two members of the governing body of the colorado springs world arena. 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 2016. 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.