Colorado Springs World Arena
- Assets
- $38.5m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 241
- Location
- Colorado Springs, CO
- Founding
- 02/1995
- Data as of
- 12/2021
- EIN
- 84-1264465
Organization Overview
Colorado Springs World Arena, operating under the name The Broadmoor World Arena, is located in Colorado Springs, CO. The organization was established in 1995. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Broadmoor World Arena employed 241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadmoor World Arena is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Broadmoor World Arena generated $11.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $5.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Broadmoor World Arena has awarded 24 individual grants totaling $236,568. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF THE COLORADO SPRINGS WORLD ARENA AND ICE HALL
OPERATION AND MAINTENANCE OF THE PIKES PEAK CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothea Lischick General Manager | Officer | 65 | $225,534 |
Tuesday Heslop Assistant General Manager | 60 | $162,611 | |
David Palenchar President | OfficerTrustee | 5 | $0 |
Nicole Magic Secretary | OfficerTrustee | 1 | $0 |
R Thayer Tutt Jr Assistant Treasurer | OfficerTrustee | 1 | $0 |
Elaine Martinez Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tammy Gambill Coach Skating | 12/30/21 | $168,884 |
Ryan Jahnke J-edge Llc Coach Skating | 12/30/21 | $161,439 |
Llona Melnichenko Coach Skating | 12/30/21 | $141,664 |
Erik Schulz Coach Skating | 12/30/21 | $162,836 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,671,929 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,681,929 |
| Total Program Service Revenue | $4,294,294 |
| Investment income | $8,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,395,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,576 |
| Compensation of current officers, directors, key employees. | $82,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,541,316 |
| Pension plan accruals and contributions | $53,567 |
| Other employee benefits | $270,636 |
| Payroll taxes | $172,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,631 |
| Fees for services: Accounting | $39,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,841 |
| Advertising and promotion | $34,033 |
| Office expenses | $98,189 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,167,892 |
| Travel | $2,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,151 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,779,474 |
| Insurance | $0 |
| All other expenses | -$3,590 |
| Total functional expenses | $5,875,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,673,600 |
| Savings and temporary cash investments | $198,026 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,065,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $219,514 |
| Net Land, buildings, and equipment | $24,979,812 |
| Investments—publicly traded securities | $3,345,536 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,482,330 |
| Accounts payable and accrued expenses | $1,795,570 |
| Grants payable | $0 |
| Deferred revenue | $3,776,274 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $241,970 |
| Total liabilities | $5,813,814 |
| Net assets without donor restrictions | $32,517,083 |
| Net assets with donor restrictions | $151,433 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,482,330 |
Grants Awarded
Over the last fiscal year, Colorado Springs World Arena has awarded $40,488 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: 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. | $12,500 |
Colorado Springs, CO PURPOSE: Youth & Comm. Fund | $11,300 |
USAF ACADEMY BAND PURPOSE: EVENT TICKETS | $10,188 |
Colorado Springs, CO PURPOSE: Event Tickets | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Colorado Springs World Arena has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
El Pomar Foundation Colorado Springs, CO PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: YOUTH COMMUNITY ASSISTANCE FUND | $10,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: YOUTH COMMUNITY ASSISTANCE FUND | $10,000 |
Endowment Analysis
| Beg. Balance | $141,433 |
| Net Contributions | $10,000 |
| Ending Balance | $151,433 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Springs World Arena Colorado Springs, CO | $38,482,330 | $11,395,620 |
Auxilium Inc Phoenix, AZ | $534,753 | $1,963,687 |
Nebraska Healthcare Collaborative Inc Lavista, NE | $4,345,689 | $53,811 |
Arroyo Crossing Moab, UT | $4,118,118 | $419,240 |
Vail Pass Task Force Aspen, CO | $49,503 | $0 |
Folds Of Honor Patriots Of Denver Greenwood Village, CO | $8,185 | $182,721 |
Utah National Guard Charitable Tr Bluffdale, UT | $470,813 | $100,366 |
Cfft Projects Omaha, NE | $0 | $0 |
Jere F Miller Charitable Trust Manhattan, KS | $1,192,836 | $107,760 |
Friends Of Payson Parks & Recreation Inc Payson, AZ | $72,129 | $0 |
Slhc Inc Salt Lake City, UT | $163,555 | $0 |
Bear River Community Services Foundation Logan, UT | $86,126 | $0 |