2016-08-05T11:19:07-05:00 2015-12-31 BKD LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2015-01-01 841264465 Colorado Springs World Arena % COLORADO SPRINGS WORLD ARENA COLO 7194772100 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 DAVID PALENCHAR President 7194772100 2016-08-15 true Rita F Worster CPA P00290681 7194714290 2015 2016-12-15 16:53:06Z The Broadmoor World Arena DAVID PALENCHAR 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 5600627 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 20 331 20 0 114843 82082 4335014 5041139 51363 38227 0 94754 4501220 5256202 115643 140535 0 0 2141707 2201636 0 0 0 4055345 4119607 6312695 6461778 -1811475 -1205576 39223967 38053497 2490855 2545767 36733112 35507730 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 4858628 96247 4004487 OPERATION AND MAINTENANCE OF THE COLORADO SPRINGS WORLD ARENA AND ICE HALL. 839748 44288 1036652 OPERATION AND MAINTENANCE OF THE PIKES PEAK CENTER 5698376 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 93 0 true 331 true 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 COLO SPRINGS CO 80906 David J Palenchar President 1.0 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 GENERAL MANAGER 1.0 0.0 X 0 0 0 Barbara Yalich Director 1.0 0.0 X 0 0 0 Bob Gordon Director 1.0 0.0 X 0 0 0 Carolyn Kruse Director 1.0 0.0 X 0 0 0 Chuck Brown Director (through 7/27/15) 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 Director 1.0 0.0 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 Dorothea Lischick General Manager 65.0 0.0 X 181476 0 18311 Tuesday Heslop Asst General Manager 55.0 0.0 X 106856 0 23963 288332 0 42274 2 false true false CENTERPLATE 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 FOOD AND BEVERAGE 518918 CONCRETE EXPERTS 1160 VALLEY ST COLORADO SPRINGS CO 80915 CONSTRUCTION 216754 Douglas Colony Group Inc 5901 E 58th Ave COMMERCE CITY CO 80022 Construction 195984 SKATE GREAT ENTERPRISES INC 740 ROBINGLEN CT COLORADO SPRINGS CO 80906 COACH-FIGURE SKATING 161484 GE Johnson Construction Co 25 North Cascade Avenue COLORADO SPRINGS CO 80903 Construction 419801 13 82082 82082 ARENA REVENUE 900099 2773954 2773954 ICE HALL REVENUE 900099 1230533 1230533 PIKES PEAK CENTER REVENUE 900099 1036652 1036652 5041139 57384 57384 0 0 0 0 0 325268 344425 -19157 -19157 -19157 0 0 0 GAIN ON PROPERTY INSURANCE 94754 94754 94754 5256202 5041139 132981 75840 75840 64695 64695 0 0 199788 133858 65930 0 1545278 1035336 509942 50397 33766 16631 231448 155070 76378 174725 117066 57659 0 1159 1159 28314 3789 24525 0 0 125 125 164099 164099 240072 240072 107373 107373 0 0 1149661 1149661 8198 8198 0 12212 12212 0 0 2026468 2026468 0 REPAIRS & MAINTENANCE 272675 272675 LICENSES & PERMITS 25319 25319 PENROSE CLUB EXPENSES 43582 43582 DUES & SUBSCRIPTIONS 17231 17231 23119 23119 6461778 5698376 763402 0 1594961 2037099 1621024 1053548 81711 29827 852078 865683 0 0 0 0 0 0 0 0 80008 35319 66665195 36176521 31661110 30488674 3333075 3543347 0 0 0 0 0 0 0 0 39223967 38053497 1049155 915082 0 0 1217544 1070935 0 0 0 0 0 0 0 0 0 0 224156 559750 2490855 2545767 X 36545168 35374758 187944 132972 0 0 36733112 35507730 39223967 38053497 -1205576 -19806 X false true X true false X 214331 168875 259242 114843 82082 839373 4371548 4250209 4084944 4335014 5041139 22082854 0 0 577197 577197 577197 577197 577197 2885985 5163076 4996281 4921383 5027054 5700418 25808212 6126 4460 6306 6262 10250 33404 2255436 1959018 1657467 1874865 1905918 9652704 2261562 1963478 1663773 1881127 1916168 9686108 16122104 25600 41453 37920 51363 57384 213720 0 25600 41453 37920 51363 57384 213720 0 94754 94754 5188676 5037734 4959303 5078417 5852556 26116686 0.61731 0.60629 0.00818 0.00784 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 187944 53838 108810 132972 236934 88125 137115 187944 162164 226717 -18 151929 236934 191636 168874 691 199037 162164 256590 156248 1094 222296 191636 1.00000 false false 2806333 2806333 41148690 18949693 22198997 5033113 3151076 1882037 6945043 5680187 1264856 10732015 8395564 2336451 30488674 0 DEPOSITS 182299 CAPITAL ADVANCE PAYABLE 377451 559750 5813468 -19806 577197 557391 5256077 125 125 5256202 7038850 577197 577197 6461653 125 125 6461778 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) 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 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. COLORADO SPRINGS CHILDREN'S CHORALE PO BOX 7841 COLORADO SPRINGS CO 809337841 840999238 501(C)(3) 7000 FMV REDUCED RENT YOUTH & COMMUNITY FUND - SPECIFICALLY FOR THE BENEFIT OF THE YOUTH INVOLVED IN THE COLORADO IN HARMONY FESTIVAL PUT ON BY THE GRANTEE. CHORALE. 3 0 FRED SINDT FUND 28 64695 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 event. 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, Colorado Springs Children's Chorale Youth & Community Fund - specifically this grant helps support the CS Children's Chorale Harmony Festival. X X X false false false false false false false true false Dorothea Lischick General Manager 150859 28000 2617 12670 5641 199787 SCHEDULE J, PART I, LINE 7 DOROTHEA LISCHICK RECEIVED A NON-FIXED PAYMENT OF $28,000 DURING 2015 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 2015 PAYMENT AMOUNT OF $28,000 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 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 15B REVIEW OF KEY EMPLOYEE COMPENSATION: COMPENSATION IS REVIEWED ANNUALLY BY THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS. LAST REVIEW WAS PERFORMED IN 2015. 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.