2022-04-25T14:34:18-05:00 2021-12-31 840884124 BiggsKofford PC 630 Southpointe Court Suite 200 Colorado Springs CO 80906 990 2021-01-01 840809343 Colorado Springs Conv & Visitors Bureau COLO 7196857628 515 South Cascade Avenue Colorado Springs CO 80903 Douglas Price President 7196857628 2022-04-25 1 Douglas Price 999009999 Bret Wichert P00576888 7195799090 2022-04-25 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Visit Colorado Springs Douglas P Price 515 South Cascade Avenue Colorado Springs CO 80903 5147613 0 X www.visitcos.com X 1980 CO Colorado Springs Convention and Visitors Bureau's, now doing business as Visit Colorado Springs (VCOS), primary exempt purpose is promotion of the Pikes Peak Region. VCOS is designed to stimulate the visitor industry in the Pikes Peak Region by conducting a variety of programs, both continual and intermittent, to enhance the quantity, quality and volume of visitors to our area. In addition, VCOS works with regional entities to improve the environment, facilities and infrastructure to enhance visitor experiences. 11 11 22 18 116664 0 190140 395339 4532006 4577613 18287 21646 104025 106419 4844458 5101017 0 181745 0 0 1591022 1607244 0 0 262428 2272694 2596129 3863716 4385118 980742 715899 5038390 5599246 1327096 1172053 3711294 4427193 X Colorado Springs Convention and Visitors Bureau's, now doing business as Visit Colorado Springs (VCOS), primary exempt purpose is promotion of the Pikes Peak Region. VCOS is designed to stimulate the visitor industry in the Pikes Peak Region by conducting a variety of programs, both continual and intermittent, to enhance the quantity, quality and volume of visitors to our area. In addition, VCOS works with regional entities to improve the environment, facilities and infrastructure to enhance visitor experiences. 0 0 3537531 181745 4577613 The Bureau engages in promotional programs which include soliciting group meetings and events, operating visitor information centers, maintaining a website, community involvement in special projects, developing plans and working with regional entities to improve visitor experience, and distributing informational brochures, maps, and other publications. 3537531 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 34 0 1 22 1 1 1 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CO X Jim Cassidy CFO 7196857628 515 South Cascade Avenue Colorado Springs CO 80903 Susan Davies Chair 1.00 X X 0 0 0 Kevin Penn Vice Chair 1.00 X X 0 0 0 Dave Harris Treasurer 1.00 X X 0 0 0 Becky Leinweber Secretary 1.00 X X 0 0 0 Kristina Coggins Heck Director 1.00 X 0 0 0 Megan Leatham Director 1.00 X 0 0 0 Jenny Sherman Director 1.00 X 0 0 0 Angela Seals Director 1.00 X 0 0 0 Pepper Dombroski Director 1.00 X 0 0 0 Brooke Mikulas Director 1.00 X 0 0 0 Wendy McHenry Director 1.00 X 0 0 0 Tom Strand Non-voting member 1.00 X 0 0 0 Crystal LaTier Non-voting member 1.00 X 0 0 0 Greg Phillips Non-voting member 1.00 X 0 0 0 Kimberly Tebrugge Non-voting member 1.00 X 0 0 0 Herman Crawford Non-voting member 1.00 X 0 0 0 Douglas Price President/CEO 40.00 X 241390 0 18083 James Cassidy Chief Financial Officer 40.00 X 128934 0 4792 370324 0 22875 2 0 1 0 Orange 142 LLC 2901 Via Fortuna Ste 185 Austin TX 78746 Advertising 1204085 Por Venir LLC PO Box 38429 Colorado Springs CO 80937 Rent and NNN 143564 Cvent Inc 1765 Greensboro Station Pl 7th Fl McLean CO 22102 Virtual events 133148 Colorado Springs Chamber and EDC 102 South Tejon Street Suite 1200 Colorado Springs CO 80903 Business advocate 118678 4 367342 27997 27997 395339 Government Fees 541800 4200000 4200000 Member derived revenue 541800 360613 360613 Trade Show Support 541800 17000 17000 4577613 21646 21646 34836 45081 -10245 -10245 2578 1515 1063 1063 Official Visitor Guide 541860 114384 114384 Miscellaneous revenue 541800 1217 1217 115601 5101017 4577613 116664 11401 181745 181745 393200 90816 289410 12974 835721 646507 54708 134506 35000 20999 9801 4200 243644 146181 68224 29239 99679 59805 27912 11962 17603 17603 1815552 1815552 17252 11524 3485 2243 131830 88062 26630 17138 110982 110982 43137 28815 8714 5608 6810 4549 1376 885 Repairs and Maintenance 153885 102795 31085 20005 Dues and Subscriptions 80218 56265 23155 798 Postage 80197 73381 6656 160 Utilities 41659 27828 8415 5416 97004 71725 7985 17294 4385118 3537531 585159 262428 34182 163737 3273058 3743631 60021 42461 2346 2675 166386 286303 641409 271712 391445 369697 38272 17107 1072680 973635 5038390 5599246 133185 101086 19756 17377 1174155 1053590 1327096 1172053 X 3711294 4427193 3711294 4427193 5038390 5599246 715899 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 233181 23318 209863 408228 248394 159834 369697 Deposits 5527 Right-of-Use Operating Lease 968108 973635 Lease liability 1053590 1053590 X 5101017 0 5101017 0 5101017 4385118 0 4385118 0 4385118 Part X, Line 2: The Organization is exempt from income taxes under Section 501(c)(6) of the Code and is not a private foundation under Section 509(a)(2) of the Code. The Organization evaluates the effect of uncertain income tax positions, if any, and provides for those positions in accordance with the provisions of FASB ASC 450, Contingencies. No tax accrual for uncertain tax positions has been recorded as management believes there are no uncertain tax positions. X Partnership Event 34836 34836 45081 34836 34836 45081 45081 -10245 1 City of Colorado Springs PO Box 1575 MC 250 Colorado Springs CO 80901 846000573 Government 80000 0 Support for Olympic City USA branding and for Spirit of the Springs AMC Institute via The Broadmoor PO Box 1439 Colorado Springs CO 80901 366129732 501(c)(6) 34745 0 Support for local meeting/event Meetings Industry Colorado 6723 West Coal Mine Avenue 500 Littleton CO 80123 841566556 501(c)(6) 6000 0 Support for local meeting/event National Association of State Aviation Officials 1390 Chain Bridge Road A106 McLean VA 22101 381691709 501(c)(4) 10000 0 Support for local meeting/event Pikes Peak Outdoor Recreation Alliance 111 South Tejon Street 307 Colorado Springs CO 80903 811846814 501(c)(3) 25000 0 Support for local meeting/event ROCKY MTN ATHLETIC CONF 1867 Austin Bluffs Pkway Suite 101 Colorado Springs CO 80918 840722857 501(c)(3) 10000 0 Support for local meeting/event CS SPORTS CORPORATION 1631 Mesa Ave Suite E Colorado Springs CO 80906 840811908 501(c)(3) 6000 0 Support for local meeting/event 5 4 Part I, Line 2: Funds are awarded to organizations that bring in special events, commonly sporting but sometimes other types of meetings or conventions, to help promote the event and ensure the event's success in bringing new visitors to the region. We do not ask for an accounting of such payments, other than requesting an invoice for payment. We know who we have paid, and how much. For some events there is an evaluation to determine room nights generated and it is an internal management decision to determine which events hold the most promise of bringing visitors to the region. X X X X 0 0 0 Douglas Price President/CEO 210157 0 31233 0 0 0 0 0 18083 0 259473 0 0 0 X Various 140 27997 Fair Market Value 0 1 0 Part I, Column (b): Donated materials consists of various contributions related to events and local businesses in Colorado Springs. Form 990, Part VI, Section B, line 11b Form 990 will be reviewed by executive officers with the auditor. The form will then be reviewed with the finance committee before being emailed to the Board of Directors. Form 990, Part VI, Section B, line 12c Board self-monitors for conflict of interest among its members. CFO and President/CEO also monitor for potential conflicts and make affected personnel aware of the situation. Form 990, Part VI, Section B, line 15a Compensation for the President/CEO is determined through review of compensation for similar CEO's of other national destination marketing organizations, obtained via a confidential survey from the Destinations International. We also review nonprofit salary surveys provided by Employers Council. This information is shared with the finance committee who determines and approves President/CEO compensation under delegation of the Board of Directors. Compensation for all other employees of the organization are established by the President/CEO with input from the CFO. Under his employment contract, the President/CEO has sole authority to set employee pay, within guidelines (budget) set by the Board of Directors. Employee pay amounts are provided to the finance committee for review and discussion, with the President/CEO having final authority. Comparable data from DMAI and MSEC are used, along with President/CEO input on employee value. Form 990, Part VI, Section C, line 19 Colorado Springs Convention and Visitors Bureau's Governing Documents, Conflict of Interest Policy, and Financial Statements are made available to the public upon request. Part XII, Line 2c The process for selecting the independent CPA firm has not changed from the previous years. Official Visitors Guide-Colorado 515 S Cascade Avenue Colorado Springs CO 80903 841068181 Advertising sales CO N/A Unrelated 5953 17106 0 0 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0