2012-10-04T12:11:13-05:00 2011-12-31 201766527 WAUGH & GOODWIN LLP 1365 GARDEN OF THE GODS SUITE 150 COLORADO SPRINGS CO 80907 990 2011-01-01 840811908 COLORADO SPRINGS SPORTS CORPORATION COLO 7196347333 1631 MESA AVENUE SUITE E COLORADO SPRINGS CO 80906 TOM OSBORNE 7196347333 2012-05-25 1 KENNETH E WAUGH P00450833 7195909777 2011 2016-02-24 21:20:13Z TOM OSBORNE 1631 MESA AVENUE SUITE E COLORADO SPRINGS CO 80906 1590570 0 X WWW.THESPORTSCORP.ORG X 1978 CO CSSC WAS ESTABLISHED FOR THE PROMOTION OF AMATEUR ATHLETICS, ACTIVITIES AND EVENTS. 22 22 9 800 0 0 1140439 979684 462589 567807 -31679 41813 234 1266 1571583 1590570 0 0 0 0 398064 392476 0 0 50340 1270593 1247214 1668657 1639690 -97074 -49120 1191845 1074001 53620 42416 1138225 1031585 X COLORADO SPRINGS SPORTS CORPORATION IS A COLORADO NOT-FOR-PROFIT CORPORATION ESTABLISHED FOR THE PROMOTION OF AMATEUR ATHLETICS, ACTIVITIES AND EVENTS. 0 0 976352 326948 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. 256641 222107 CONDUCTED THE COLORADO SPRINGS HALL OF FAME INDUCTION DINNER, SEVERAL SPORTS LUNCHEONS, AND A GOLF TOURNAMENT. THESE EVENTS ARE DESIGNED TO PROMOTE AN AWARENESS OF AMATEUR SPORTS IN THE COLORADO SPRINGS AREA. 179331 SUPPORTED THE USOC HEADQUARTERS, WORLD GAMES AND THE PIKES PEAK INTERNATIONAL HILL CLIMB WHICH BENEFIT THE INTERNATIONAL, NATIONAL AND LOCAL COMMUNITY AS A WHOLE. 106585 20018 SERVICES TO MEMBERS INVOLVED IN ADVANCING THE STATUS OF AMATEUR SPORTS IN COLORADO SPRINGS AREA. 106585 20018 1518909 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 8 0 9 1 0 0 0 0 1 1 1 1 0 0 X 22 22 0 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 AVENUE SUITE E COLORADO SPRINGS CO 80906 TOM OSBORNE 40.00 X X 163675 0 21374 DAVE PALENCHAR 3.00 X X 0 0 0 CAROLYN KRUSE 5.00 X X 0 0 0 WALT GLOVER 2.00 X X 0 0 0 LAURA MUIR 1.00 X 0 0 0 BILL BERENZ 1.00 X 0 0 0 CHUCK DELICH 1.00 X 0 0 0 RANDY GRANDISHAR 1.00 X 0 0 0 JERRY MAYES 1.00 X 0 0 0 STEVE POPE 1.00 X 0 0 0 MARY ELLEN MCNALLY 1.00 X 0 0 0 LOU MELLINI 1.00 X 0 0 0 HANS MUEH 1.00 X 0 0 0 DOUG PRICE 1.00 X 0 0 0 TERRY SULLIVAN 1.00 X 0 0 0 DAVE CSINTYAN 1.00 X 0 0 0 DOUG QUIMBY 1.00 X 0 0 0 RICH YOUNG 1.00 X 0 0 0 FRED WHITACRE 1.00 X 0 0 0 MARTIN WOOD 1.00 X 0 0 0 KEN RALPH 1.00 X 0 0 0 PAUL BUTCHER 1.00 X 0 0 0 STAN KENSINGER 2.00 X 0 0 0 163675 0 21374 1 0 1 0 0 979684 430823 979684 ROCKY MTN. STATE GAMES 711300 325682 325682 COMPETITIONS AND EVENT 711300 222107 222107 MEMEBERSHIP 711300 20018 20018 567807 41813 41813 MISCELLANEOUS INCOME 900099 1266 1266 1266 1590570 569073 0 41813 X 185050 185050 150488 142273 8215 32571 31682 889 24367 20473 469 3425 29499 1480 4300 23719 286055 263422 22633 3763 1559 2204 24952 23781 1171 4981 4634 10 337 3175 925 1016 1234 1414 1414 5662 4350 1312 CONSULTING/CONTRACT LAB 171620 151929 19691 REVENUE SHARING WITH EV 150618 150618 FACILITY CHARGES 93200 93200 PROGRAM EXPENSE ALLOCAT 82437 82437 389838 361096 26808 1934 1639690 1518909 70441 50340 40109 27168 26581 26691 30827 21050 12377 9485 62302 58174 5542 4128 1076409 985479 1191845 1074001 8577 4223 45043 38193 53620 42416 X 701226 622201 436999 409384 1138225 1031585 1191845 1074001 X -49120 -57520 X X 0 1 1 X 0 X 1078774 999761 1190455 1140439 979684 5389113 1078774 999761 1190455 1140439 979684 5389113 513345 4875768 152065 27980 -6057 -31679 41813 184122 15374 7355 193 234 1266 24422 5597657 3390130 0.87100 0.89990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62302 58174 4128 4128 1590570 1639690 -49120 -57520 -57520 -106640 1533050 -57520 -57520 1590570 0 1590570 1639690 0 1639690 0 1639690 FUNDRAISING EVENT DIRECT EXPENSES WERE NOT REPORTED NET OF REVENUES ON THE AUDITED FINANCIAL STATEMENTS. X X X 0 0 0 0 0 0 0 0 0 TOM OSBORNE 153675 0 10000 0 0 0 8500 0 12874 0 185049 0 0 0 PIKES PEAK INTERNATIONAL HILL CLIMB (PPIHC) THE CEO/PRES. OF THE ORGANIZATION IS THE CHAIRMAN OF THE BOARD FOR PPIHC 60555 THE ORGANIZATION RECEIVES MANAGEMENT FEES AND EXPENSE REIMBURSMENTS FOR WORK PROVIDED TO SUPPORT PPIHC. 0 X 2 FAIR MARKET VALUE X OFFICE SPACE 1 FAIR MARKET VALUE X CELL PHONE 1 FAIR MARKET VALUE X FACILITIES 5 FAIR MARKET VALUE X ADS 7 FAIR MARKET VALUE X HOTEL ROOMS 1 FAIR MARKET VALUE X VIDEO PRODUCTION 1 FAIR MARKET VALUE X MAILING LIST 1 FAIR MARKET VALUE X EXECUTIVE DIRECTOR 1 FAIR MARKET VALUE 0 0 0 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 18 THE FINANCIAL STATEMENTS ARE POSTED ANNUALLY ON THE COLORADO SECRETARY OF STATE CHARITABLE CONTRIBUTION WEBPAGE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ALL OTHER FUNCTIONAL EXPENSES FORM 990, PART X, LINE 24E EQUIPMENT: PROGRAM SERVICE EXPENSES 59,485. MANAGEMENT AND GENERAL EXPENSES 3,548. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,033. CATERING: PROGRAM SERVICE EXPENSES 53,758. MANAGEMENT AND GENERAL EXPENSES 617. FUNDRAISING EXPENSES 857. TOTAL EXPENSES 55,232. LICENSES AND FEES: PROGRAM SERVICE EXPENSES 47,732. MANAGEMENT AND GENERAL EXPENSES 2,698. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,430. SPONSOR AND VOLUNTEER EXPENSE: PROGRAM SERVICE EXPENSES 29,903. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 157. TOTAL EXPENSES 30,060. OFFICIALS AND SANCTIONING: PROGRAM SERVICE EXPENSES 26,614. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,614. OPENING CEREMONIES: PROGRAM SERVICE EXPENSES 25,744. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,744. AWARDS: PROGRAM SERVICE EXPENSES 23,448. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,448. AUDIO/VIDEO: PROGRAM SERVICE EXPENSES 14,674. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,674. MEDICAL: PROGRAM SERVICE EXPENSES 14,138. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,138. POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 12,698. MANAGEMENT AND GENERAL EXPENSES 673. FUNDRAISING EXPENSES 41. TOTAL EXPENSES 13,412. UTILITIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,907. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,907. PROMTIONAL ITEMS: PROGRAM SERVICE EXPENSES 9,302. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,302. TELEPHONE: PROGRAM SERVICE EXPENSES 4,141. MANAGEMENT AND GENERAL EXPENSES 4,133. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,274. HONOREE TRAVEL/ACCOMODATION: PROGRAM SERVICE EXPENSES 8,097. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,097. DUES, SUBSCRIPTIONS, MEMBERSHIP: PROGRAM SERVICE EXPENSES 7,808. MANAGEMENT AND GENERAL EXPENSES 180. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,988. SECURITY: PROGRAM SERVICE EXPENSES 6,797. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,797. COMMISSIONERS: PROGRAM SERVICE EXPENSES 5,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,900. GIFTS: PROGRAM SERVICE EXPENSES 3,958. MANAGEMENT AND GENERAL EXPENSES 647. FUNDRAISING EXPENSES 867. TOTAL EXPENSES 5,472. PRINTING: PROGRAM SERVICE EXPENSES 2,406. MANAGEMENT AND GENERAL EXPENSES 206. FUNDRAISING EXPENSES 12. TOTAL EXPENSES 2,624. DECORATIONS: PROGRAM SERVICE EXPENSES 2,111. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,111. SUPPLIES: PROGRAM SERVICE EXPENSES 1,186. MANAGEMENT AND GENERAL EXPENSES 658. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,844. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 611. MANAGEMENT AND GENERAL EXPENSES 541. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,152. BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 585. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 585. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -57,520. FINANCE COMMITTEE FORM 990 PART XII LINE 2C THE FINANCE COMMITTEE IS RESPONSIBLE FOR ENGAGING AN INDEPENDENT AUDITOR TO AUDIT THE FINANCIAL STATEMENTS OF THE ORGANIZATION.