2023-10-05T10:31:26-05:00 2022-12-31 FORVIS LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2022-01-01 841264465 COLORADO SPRINGS WORLD ARENA % COLORADO SPRINGS WORLD ARENA COLO 7194772100 3185 VENETUCCI BOULEVARD COLORADO SPRINGS CO 80906 David Palenchar PRESIDENT 7194772100 2023-11-15 true David Palenchar 999009999 Adam R Smith CPA P00958966 7194714290 2023-11-15 2 2022 2023-04-26 12:10:37Z DAVID PALENCHAR 3185 VENETUCCI BOULEVARD COLORADO SPRINGS CO 80906 8977468 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. 17 17 269 17 0 6681929 2320852 4294294 6605923 8620 50647 410777 0 11395620 8977422 0 0 0 0 2286438 2809574 0 0 20097 3588782 4901004 5875220 7710578 5520400 1266844 38482330 40388684 5813814 6510657 32668516 33878027 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 6306383 4737620 OPERATION AND MAINTENANCE OF THE COLORADO SPRINGS WORLD ARENA AND ICE HALL 996689 1868303 OPERATION AND MAINTENANCE OF THE PIKES PEAK CENTER. 7303072 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 false false true false false false false false false false false false false false false false false false false false true 88 0 269 true false false false false false false false false false false false false X 17 17 true false false false false false false true true false false false 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 - THRU 05/22 65.0 0.0 X 210915 0 18833 TUESDAY HESLOP ASSISTANT GENERAL MANAGER 60.0 0.0 X 178672 0 30484 STUART KURTZ CONTROLLER 40.0 0.0 X 128913 0 7278 DAVE NAMESNIK GENERAL MANAGER - BEG. 06/22 65.0 0.0 X 112113 0 0 GARY BUTTERWORTH DIRECTOR 1.0 0.0 X 0 0 0 THEO GREGORY DIRECTOR 1.0 0.0 X 0 0 0 ERIN HANNAN DIRECTOR 1.0 0.0 X 0 0 0 ARON MCGUIRE DIRECTOR 1.0 0.0 X 0 0 0 CRYSTAL LA TIER DIRECTOR 1.0 0.0 X 0 0 0 DAVE PALENCHAR PRESIDENT 7.0 0.0 X X 0 0 0 ELAINE MARTINEZ TREASURER 1.0 0.0 X 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 LOU MELLINI DIRECTOR 1.0 0.0 X 0 0 0 MEGAN LEATHAM DIRECTOR 1.0 0.0 X 0 0 0 NICOLE MAGIC SECRETARY 1.0 0.0 X X 0 0 0 PAT KELLEHER DIRECTOR 1.0 0.0 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 SUSAN EDMONSON DIRECTOR 1.0 0.0 X 0 0 0 TOM FALGIEN DIRECTOR 1.0 0.0 X 0 0 0 630613 0 56595 4 false true false TAMMY GAMBILL 57 PENROSE BLVD COLORADO SPRINGS CO 80906 COACH SKATING 170890 RYAN JAHNKE J-EDGE LLC 2702 W PIKES PEAK AVE COLORADO SPRINGS CO 80904 COACH SKATING 112889 NATALIA MISHKUTIONOK 1552 IVER STREET COLORADO SPRINGS CO 80910 COACH SKATING 137634 ERIK SCHULZ 1213 MORNING STAR DRIVE COLORADO SPRINGS CO 80905 COACH SKATING 169094 ALLEN DAMON 3770-H STRAWBERRY COLORADO SPRINGS CO 80905 COACH SKATING 115747 6 2042865 277987 2320852 ARENA REVENUE 711310 3068607 3068607 ICE HALL REVENUE 711310 1669013 1669013 PIKES PEAK CENTER REVENUE 711310 1868303 1868303 6605923 50601 50601 0 0 0 0 0 46 -46 46 46 0 0 0 0 0 0 0 0 0 0 8977422 6605923 50647 0 0 0 0 341861 229047 112814 13029 13029 1882361 1846316 23425 12620 65447 65447 293968 279101 14076 791 212908 202141 10195 572 0 4805 4805 41600 41600 0 0 0 217491 214680 2811 957987 904739 53248 97662 62705 34957 0 0 1481856 1473303 8553 19132 19132 0 10860 10860 0 0 1693285 1644526 48759 0 REPAIRS & MAINTENANCE 301465 298712 2753 LICENSES AND PERMITS 28785 28785 PENROSE CLUB EXPENSE 6114 6114 DUES & SUBSCRIPTIONS 37495 27166 10329 2467 2467 7710578 7303072 387409 20097 8673600 10242736 198026 198071 0 0 1065842 860118 0 0 0 0 0 0 0 0 219514 179069 73712335 50142449 24979812 23569886 3345536 5338804 0 0 0 0 0 0 0 0 38482330 40388684 1795570 2375594 0 0 3776274 4079672 0 0 0 0 0 0 0 0 0 0 241970 55391 5813814 6510657 X 32517083 33676529 151433 201498 32668516 33878027 38482330 40388684 1266844 -57333 X false true X true true true X 101183 68077 108710 6681929 2320852 9280751 5583618 5688328 2074046 4294294 6605923 24246209 0 0 577197 577197 577197 577197 577197 2885985 6261998 6333602 2759953 11553420 9503972 36412945 7000 0 0 7000 3896017 4991388 1114650 6834129 16836184 3903017 4991388 1114650 6834129 16843184 19569761 68758 61852 32044 8578 50601 221833 0 68758 61852 32044 8578 50601 221833 0 0 6330756 6395454 2791997 11561998 9554573 36634778 0.53419 0.65991 0.00605 0.00670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 151433 50065 201498 141433 10000 151433 83542 57891 141433 101913 69594 87965 83542 172997 101183 172267 101913 1.00000 false false 2749617 2749617 52097913 32469393 19628520 6100632 5392279 708353 7971505 7495819 475686 4792668 4784958 7710 23569886 0 DEPOSITS 55391 55391 9497286 -57333 577197 519864 8977422 8977422 8287775 577197 577197 7710578 7710578 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. X X X false false false false false false false true false TUESDAY HESLOP ASSISTANT GENERAL MANAGER 176945 1727 9385 21099 209156 DOROTHEA LISCHICK GENERAL MANAGER - THRU 05/22 74469 79492 56954 9645 9188 229748 DAVE NAMESNIK GENERAL MANAGER - BEG. 06/22 112113 112113 SCHEDULE J, PART I, LINE 7 DESCRIPTION OF NON-FIZED PAYMENT: THE COMPANY HAS A PROFIT-SHARING PROGRAM THAT EACH YEAR THE BOARD HAS THE OPTION TO APPROVE. WHEN THE BOARD APPROVES THE PROFIT-SHARING PAYMENT A FORMULA AND INDIVIDUAL PERFORMANCE CRITERIA ARE USED TO DETERMINE THE AMOUNT OF THE PAYMENT FOR EACH PERSON. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS: LOU MELLINI, 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: PRIOR TO FILING THE 990 EACH YEAR, BROADMOOR WORLD ARENA FINANCE COMMITTEE REVIEWS AND APPROVES THE 990, AND SUBSEQUENTLY INFORMS ALL BOARD MEMBERS THAT A COPY OF THE FORM 990 IS AVAILABLE UPON REQUEST. 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 OFFICER COMPENSATION: COMPENSATION IS REVIEWED ANNUALLY BY THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS. LAST REVIEW WAS PERFORMED IN 2022 WHEN HIRING THE NEW GENERAL MANAGER. 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.