2016-11-15T12:22:09-06:00 2015-12-31 201766527 WAUGH & GOODWIN LLP 1365 GARDEN OF THE GODS SUITE 150 COLORADO SPRINGS CO 80907 990 2015-01-01 840811908 Colorado Springs Sports Corporation COLO 7196347333 1631 MESA AVE SUITE E Colorado Springs CO 80906 Tom Osborne president & ceo 7196347333 2016-11-09 1 Lane McMillen CPA P01426981 7195909777 2015 2017-02-10 21:41:12Z Tom Osborne 1631 MESA AVE SUITE E Colorado Springs CO 80906 1675926 0 X www.thesportscorp.org X 1978 CO The Corporation was formed to help stage the first National Sports Festival. CSSC set out to establish a strong regional sports presence through economic developemnt, event promotion, and complete dedication to our youth sport and community development activities. 20 19 14 1000 0 0 1674193 980504 685514 629400 53098 60734 857 5288 2413662 1675926 20928 176051 0 0 466586 533967 0 0 196671 1861967 870987 2349481 1581005 64181 94921 1654867 1726934 49894 97514 1604973 1629420 X COLORADO SPRINGS SPORTS CORPORATION IS A COLORADO NOT-FOR-PROFIT CORPORATION ESTABLISHED FOR THE PROMOTION OF AMATEUR ATHLETICS, ACTIVITIES AND EVENTS. 0 0 441527 5851 258709 Rocky Mountain State Games: SUPPORT OF AMATEUR ATHLETICS THROUGH THE ROCKY MOUNTAIN STATE GAMES. This is a multi-sport festival for Colorado citizens, as well as other states without state game programs, of all ages and athletic abilities including the physically disabled, visually impaired and Paralympic athletes. The Rocky Mountain State Games program benefited from $323,453 worth of value in kind contributions. The majority of this $323,453 has been excluded from support listed in Part I, Line 1 and Part VIII, Line 1g, since it pertained to services and facilities, as defined by the Internal Revenue Service. 664939 159963 352311 SPORTS COMPETITIONS AND COMMUNITY SUPPORT: SUPPORTED THE USOC HEADQUARTERS, THE OLYMPIC DOWNTOWN CELEBRATIONS, THE PIKES PEAK INTERNATIONAL HILL CLIMB, USA PRO CYCLING CHALLENGE, AND THE CITY FOR CHAMPIONS PROJECT, WHICH BENEFIT THE INTERNATIONAL, NATIONAL AND LOCAL COMMUNITY AS A WHOLE. THE SPORTS COMPETITIONS AND COMMUNITY SUPPORT PROGRAM BENEFITED FROM $208,891 WORTH OF VALUE IN KIND CONTRIBUTIONS. THE MAJORITY OF THIS $208,891 HAS BEEN EXCLUDED FROM SUPPORT LISTED IN PART I, LINE 1 AND PART VIII, LINE 1G, SINCE IT PERTAINED TO SERVICES AND FACILITIES, AS DEFINED BY THE INTERNAL REVENUE SERVICE. 123390 10237 161991 Hall of Fame Induction, Quarterly Luncheons, and Golf Tournaments: events designed to promote awareness of ametuer sports in the Colorado Springs area. 10345 18380 Other programs related activities advancing the status of amateur sports in the Colorado Springs area, including membership. 62962 Program value in kind not excluded as services and facilities. 73307 18380 1303163 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 12 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 X 20 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X X The Organization 7196347333 1631 MESA AVE SUITE E Colorado Springs CO 80906 Dave Palenchar Chair 5.00 X X 0 0 0 CAROLYN KRUSE VICE-CHAIR 3.00 X X 0 0 0 WALT GLOVER Treasurer 2.00 X X 0 0 0 Chuck delich Secretary 2.00 X X 0 0 0 Jerry Mayes MEMBER 1.00 X 0 0 0 Randy Grandishar MemBER 1.00 X 0 0 0 Lou Mellini MEMBER 1.00 X 0 0 0 Mary Ellen McNally mEMBER 1.00 X 0 0 0 Steve Smith Member 1.00 X 0 0 0 Scott Schollenbarger Member 1.00 X 0 0 0 Ken Ralph mEMBER 1.00 X 0 0 0 Dan Steever Member 1.00 X 0 0 0 JOSH FENTON MEMBER 1.00 X 0 0 0 Laura Mellini mEMBER 1.00 X 0 0 0 Terry Sullivan MEMBER 1.00 X 0 0 0 Doug Quimby meMBER 1.00 X 0 0 0 Martin Wood mEMBER 1.00 X 0 0 0 DOUG PRICE MEMBER 1.00 X 0 0 0 Jim Knowlton MEMBER 1.00 X 0 0 0 TOM OSBORNE PRESIDENT & CEO 40.00 X 213682 0 35888 213682 0 35888 1 0 1 0 0 980504 91394 980504 Competitions and event 711300 352311 352311 Rocky Mtn. State Games 711300 258709 258709 MEMEBERSHIP 711300 18380 18380 629400 8538 8538 52196 0 52196 52196 52196 MISCELLANEOUS INCOME 900099 5288 5288 5288 1675926 634688 0 60734 X 176051 176051 249571 156763 92808 213944 147529 10844 55571 37807 37675 132 32645 29104 27 3514 94735 89960 4775 392165 383444 8133 588 32974 25153 4395 3426 11165 5260 5905 30980 12089 18891 50477 34209 933 15335 4910 697 1687 2526 7246 7246 11000 9265 1735 Facility charge 139544 135035 4509 Revenue sharing 105557 105557 Consulting/contract lab 104121 87160 15228 1733 Equipment 75427 75427 -189314 -195126 3533 2279 1581005 1303163 81171 196671 98060 31739 127798 278015 32357 37186 15207 16333 75549 57137 25658 18412 1355787 1345249 1654867 1726934 8844 9514 41050 88000 49894 97514 X 1086360 1142226 518613 487194 1604973 1629420 1654867 1726934 94921 -70474 0 X X 0 1 X 1 0 X 979684 1708060 1406827 1674193 998884 6767648 979684 1708060 1406827 1674193 998884 6767648 834465 5933183 41813 28173 95133 53098 60734 278951 1266 17210 822 857 5288 25443 7072042 2883881 0.83900 0.86520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75549 57137 18412 18412 Investment in USOE Pooled Portfolio 1345249 F 1345249 X 2074834 -70474 469382 398908 1675926 0 1675926 2050387 469382 469382 1581005 0 1581005 Part X, Line 2: The Corporation's Forms 990, Return of Organization Exempt from Income Tax, are subject to examination by various taxing authorities, generally for three years after the date they were filed. Management of the Corporation believes that it does not have any uncertain tax positions that are material to the financial statements. 0 0 0 0 0 0 0 0 0 0 Montreal - Canada Support for anti-doping collaboration 50000 Wire 0 0 0 0 0 0 1 The Broadmoor Hotel 1 Lake Ave Colorado Springs CO 80901 840155150 100000 Support the 2018 U.S. Senior Open in Colorado Springs 1 X X X 0 0 0 0 0 0 0 0 0 TOM OSBORNE PRESIDENT & CEO 184182 0 29500 0 0 0 9566 0 26322 0 249570 0 0 0 PIKES PEAK INTERNATIONAL HILL CLIMB (PPIHC) THE CEO/PRES. OF THE ORGANIZATION IS THE CHAIRMAN OF THE BOARD FOR PPIHC 162109 MANAGEMENT FEES AND EXPENSE REIMBURSMENTS 0 X 8 33468 fair market value X Other products 18 48531 fair market value X mailing list 2 5100 fair market value X Video Production 1 4295 FAIR MARKET VALUE 0 0 0 Form 990, Part VI, Section A, line 2 Two board members are married to each other. Form 990, Part VI, Section B, line 11 The auditor presents the 990 to the finance committee. The finance committee then informs the full Board of their approval at the next scheduled meeting and the other board members are given an opportunity to review the 990 prior to filing. Form 990, Part VI, Section B, line 12c The policy is reviewed regularly and signed by each board on an annual basis. If a conflict arises, the board member is required to recuse him/herself from voting. Form 990, Part VI, Section B, line 15 The finance committee is comprised of members of sport organizations that are familiar with ceo compensation at their organizations. They draft a 3-year contract for ceo compensation based on their findings. For other key employees, the CEO reviews activities, cost-of-living increases and the economic environment and determines salaries. The finance committee approves the budget with the salaries determined by the CEO included. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy, and the Form 990 are available to the public upon request. Form 990, Part IX, line 24e Catering: Program service expenses 65,208. Management and general expenses 460. Fundraising expenses 982. Total expenses 66,650. Sponsor and volunteer recognition: Program service expenses 51,113. Management and general expenses 0. Fundraising expenses 866. Total expenses 51,979. Audio/video: Program service expenses 31,132. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,132. Security: Program service expenses 29,319. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,319. Officials and sactioning: Program service expenses 28,538. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,538. Awards: Program service expenses 21,399. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,399. Medical: Program service expenses 19,033. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,033. Commissioners: Program service expenses 6,591. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,591. Sanction fees: Program service expenses 5,527. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,527. Credit card and bank fees: Program service expenses 4,343. Management and general expenses 0. Fundraising expenses 431. Total expenses 4,774. Decorations: Program service expenses 4,719. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,719. Speaker and entertainer fees: Program service expenses 4,205. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,205. Licenses and fees: Program service expenses 926. Management and general expenses 2,722. Fundraising expenses 0. Total expenses 3,648. Miscellaneous: Program service expenses 1,628. Management and general expenses 1. Fundraising expenses 0. Total expenses 1,629. Bad debt: Program service expenses 575. Management and general expenses 0. Fundraising expenses 0. Total expenses 575. Design: Program service expenses 0. Management and general expenses 350. Fundraising expenses 0. Total expenses 350. Value in Kind - Facilities & Service: Program service expenses -469,382. Management and general expenses 0. Fundraising expenses 0. Total expenses -469,382. Part XII line 2c Committee structure and responsibilities did not change during the current year. Part VI, Line 7a According to bylaw, the elected Directors shall be elected by a vote of the Directors in office at the beginning of such meeting