2011-08-15T14:18:52-05:00 2010-12-31 BKD LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2010-01-01 841264465 Colorado Springs World Arena COLO 7194772100 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 DAVID PALENCHAR 2011-08-15 Rita F Worster CPA 7194714290 2010 2016-02-24 21:20:13Z DAVE PALENCHAR 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 4733913 false X WWW.WORLDARENA.COM X 1994 CO TO LESSEN THE BURDENS ON COLORADO SPRINGS BY DIRECTLY OPERATING A MULTI-PURPOSE PUBLIC FACILITY THAT IS USED FOR A VARIETY OF EVENTS. WE ALSO MANAGE THE PIKES PEAK CENTER FOR EL PASO COUNTY. 23 23 341 0 0 0 212913 222257 4035366 4467556 82341 44100 0 0 4330620 4733913 160305 158163 0 0 1983686 2024177 0 0 250 4146210 4013382 6290201 6195722 -1959581 -1461809 46112944 45828419 1343078 2503709 44769866 43324710 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 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 4256169 107220 3649311 OPERATION AND MAINTENANCE OF THE COLORADO SPRINGS WORLD ARENA AND ICE HALL. 1271323 50943 818245 OPERATION AND MAINTENANCE OF THE PIKES PEAK CENTER 5527492 true true false false false false false false true true false false false true false true false false false false false false false false false false true true true false false false false false false false false false false false false false false false false false false true 88 0 true 341 true false false false false false false false false false false X 23 23 true false false false false false false true true false false true true true true true true true false false X COLORADO SPRINGS WORLD ARENA 7194772100 3185 VENETUCCI BLVD COLO SPRINGS CO 80906 PETER J SUSEMIHL 1.0 X X 0 0 0 DAVID J PALENCHAR 1.0 X X 0 0 0 ROBERT J HILBERT 1.0 X X 0 0 0 MICHAEL ENGLISH 1.0 X 0 0 0 GARY BUTTERWORTH 1.0 X 0 0 0 R THAYER TUTT JR 1.0 X 0 0 0 TOM FALGIEN 1.0 X 0 0 0 CHUCK BROWN 1.0 X 0 0 0 PAUL BUTCHER 1.0 X 0 0 0 SANDRA DAMRON 1.0 X 0 0 0 SUSAN EDMONDSON 1.0 X 0 0 0 BOB GORDON 1.0 X 0 0 0 KYLE HYBL 1.0 X 0 0 0 CAROLYN KRUSE 1.0 X 0 0 0 DAVE OGREAN 1.0 X 0 0 0 THEOPHILUS D GREGORY 1.0 X 0 0 0 LOU MELLINI 1.0 X 0 0 0 TOM OSBORNE 1.0 X 0 0 0 NICOLA SAPP 1.0 X 0 0 0 TERRY SULLIVAN 1.0 X 0 0 0 BARBARA YALICH 1.0 X 0 0 0 JIM WARSINSKE 1.0 X 0 0 0 ROBERT HOWSAM 1.0 X 0 0 0 DOROTHEA LISCHICK 65.0 X 172535 0 13092 172535 0 13092 2 false true false CENTERPLATE 3185 VENETUCCI BLVD COLORADO SPRINGS CO 80906 FOOD AND BEVERAGE 458608 TOLIN MECHANICAL SYSTEMS 12005 EAST 45TH AVE DENVER CO 80239 MECHANICAL SERVICES 222190 UNITED HEALTHCARE SMALL GROUP ACCTING -EXBA DEPT CH PALATINE IL 60055 HEALTH INSURANCE 201821 SKATE GREAT ENTERPRISES INC 740 ROBINGLEN CT COLORADO SPRINGS CO 80906 COACH-FIGURE SKATING 150307 J-EDGE LLC 2702 WEST PIKES PEAK AVE COLORADO SPRINGS CO 80904 COACH-FIGURE SKATING 118562 9 222257 222257 ARENA REVENUE 900099 2340842 2340842 ICE HALL REVENUE 900099 1296469 1296469 PIKES PEAK CENTER REVENUE 900099 818245 818245 FOOD & BEVERAGE REVENUE 900099 12000 12000 4467556 44100 0 0 44100 0 0 0 0 0 0 0 4733913 4467556 0 44100 82738 82738 75425 75425 0 0 0 0 185627 124370 61257 0 0 1457932 976814 481118 0 45628 30570 15058 0 176006 117924 58082 0 158984 106519 52465 0 0 58 58 0 0 28610 28610 0 0 0 0 0 167603 167603 0 0 19185 19185 0 0 96014 96014 0 0 0 0 879443 879443 0 0 8921 8921 0 0 0 0 0 0 2402637 2402637 0 0 -1650 -1650 0 0 REPAIRS & MAINTENANCE 254430 254430 0 0 PENROSE CLUB EXPENSES 39157 39157 0 0 DUES & SUBSCRIPTIONS 33369 33369 0 0 LICENSES & PERMITS 26067 26067 0 0 BAD DEBT PLEDGES REC'V 15974 15974 0 0 43564 43314 0 250 6195722 5527492 667980 250 6317 7050 1476191 1969672 140681 117661 776550 1417137 68536 47427 63356946 25136096 40202923 38220850 3441746 4048622 46112944 45828419 429239 1247600 826939 1087861 86900 168248 1343078 2503709 X 44427730 43068120 342136 256590 44769866 43324710 46112944 45828419 X -1461809 16653 X false true true X false X 1672926 366218 459254 212913 234257 2945568 3999724 4538496 4451671 4035366 4455556 21480813 577197 577197 577197 577197 577197 2885985 6249847 5481911 5488122 4825476 5267010 27312366 25650 3034 20100 4350 9371 62505 1299244 1788409 1673999 1907313 2089475 8758440 1324894 1791443 1694099 1911663 2098846 8820945 18491421 139781 164869 148776 82341 44100 579867 139781 164869 148776 82341 44100 579867 6389628 5646780 5636898 4907817 5311110 27892233 0.66296 0.70666 0.02079 0.02269 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 342136 206283 1669 293498 256590 562608 115033 2468 337973 342136 710243 459254 7134 614023 562608 1.00000 false false 3070541 3070541 40246835 13704935 26541899 4870348 1491640 3378708 6044978 4386736 1658242 9124246 5552786 3571460 38220850 0 DEPOSITS 168248 168248 4733913 6195722 -1461809 16653 16653 -1445156 5311789 16653 577197 593850 4717939 15974 15974 4733913 6756945 577197 577197 6179748 15974 15974 6195722 INTENDED USES OF THE ORGANIZATIONS ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V THE ORGANIZATION'S ENDOWMENT FUNDS ARE DESIGNATED FOR TIME AND PURPOSE. THE INTENDED USES OF THE ORGANIZATIONS ENDOWMENT FUNDS INCLUDE THE PIKES PEAK ENCORE FUND, LEARN TO SKATE AND HOCKEY WORKSHOP, INTERNSHIPS AND OTHERS. OTHER REVENUE ON RETURN, NOT ON BOOKS SCHEDULE D, PART XII, LINE 4B LOSS ON PLEDGES RECEIVABLE RECLASSED TO EXPENSE $15,974 OTHER EXPENSE ON RETURN, NOT ON BOOKS SCHEDULE D, PART XIII, LINE 4B LOSS ON PLEDGES RECEIVABLE RECLASSED TO EXPENSE $15,974 ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS SCHEDULE D, PART X, LINE 2 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. true USAF ACADEMY BAND 520 OTIS ST PETERSON AFB CO 80914 840406823 US GOVERNMENT 5700 FMV REDUCED RENT YOUTH & COMMUNITY FUND - SPECIFICALLY THIS GRANT HELPS ENABLE THE USAF ACADEMY BAND TO PERFORM MULTIPLE FREE-TO-THE-PUBLIC EVENTS AT THE PIKES PEAK CENTER. COLORADO SPRINGS PHILHARMONIC ORCHESTRA PO BOX 1266 COLORADO SPRINGS CO 80901 743091110 501(C)(3) 20000 FMV REDUCED RENT YOUTH & COMMUNITY FUND - SPECIFICALLY THIS GRANT HELPS ENABLE THE CS PHILHARMONIC ORCHESTRA PURCHASE TICKETS FOR THE BENEFIT OF DISADVANTAGED PEOPLE WHO OTHERWISE WOULD NOT BE ABLE TO ATTEND. COLORADO SPRINGS SPORTS CORP 1631 MESA AVE COLORADO SPRINGS CO 80906 840811908 501(C)(3) 11000 FMV REDUCED RENT YOUTH & COMMUNITY FUND - THIS GRANT BENEFITS YOUTH ATHLETICS (LOCALLY & REGIONALLY) AND FOSTERS COMMUNITY INVOLVMENT SURROUNDING ATHLETIC ACHIEVEMENT. US ARMY 1675 ELLIS ST FORT CARSON CO 80913 840403198 US GOVERNMENT 9500 FMV REDUCED RENT YOUTH & COMMUNITY FUND - SPECIFICALLY FOR THE BENEFIT OF THE FAMILIES OF THE U.S ARMY AT FT. CARSON TO ATTEND THE CIRCUS AND THE US ARMY SOLDIER SHOW. IMAGINATION CELEBRATION 1515 N ACADEMY BLVD COLO SPGS CO 80909 841526365 501(C)(3) 6250 FMV REDUCED RENT YOUTH & COMMUNITY FUND - SPECIFICALLY THIS GRANT HELPS ENABLE IMAGINATION CELEBRATION PURCHASE TICKETS FO THE BENEFIT OF DISADVANTAGED PEOPLE WHO OTHERWISE WOULD NOT BE ABLE TO ATTEND EVENTS. USA HOCKEY 1885 BOB JOHNSON DRIVE COLO spgs CO 80906 510204742 501(C)(3) 10000 FMV REDUCED RENT Youth & Community Fund - this grant benefits amateur athletics (locally and nationally) and fosters community involvement surrounding athletic achievment. 6 0 FRED SINDT SKATERS FUND 63 75425 FMV REDUCED FEES PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2 THE APPROVAL OF GRANT FUNDS IN GENERAL AND APPROVAL OF SPECIFIC GRANTS IS VOTED ON BY THE BOARD OF DIRECTORS AND BY THE FINANCE COMMITTEE AT EACH MONTHLY BOARD MEETING. REVIEW OF ALL GRANT FUNDS (APPROVALS, PAYMENTS, ETC.) ALSO OCCURS AT EACH MONTHLY FINANCE COMMITTEE AND BOARD MEETING. Schedule I, Part II, Column H, USAF Academy Band Grant Description Youth & Community Fund - specifically this grant helps enable the USAF Academy Band to perform multiple free events to the public at the Pikes Peak Center. Schedule I, Part II, Column H, Colorado Springs Philharmonic Orchestra Grant Description 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 events. Schedule I, Part II, Column H, Colorado Springs Sports Corp. Grant Description Youth & Community Fund - this grant benefits youth athletics (locally & regionally) and fosters community involvment surrounding athletic achievement. Schedule I, Part II, Column H, U.S. Army Grant Description Youth & Community Fund - specifically for the benefit of the families of the U.S Army at Ft. Carson to attend the Circus. Schedule I, Part II, Column H, Imagination Celebration Grant Description Youth & Community Fund - specifically this grant helps enable Imagination Celebration purchase tickets for the benefit of disadvantaged people who otherwise would not be able to attend. Schedule I, Part III, Column F, FRED SINDT SKATERS FUND Grant Description This fund provides opportunities for local skating club members who achieve a high level of success to receive training at the Colorado Springs World Arena Ice Hall. X X X false true false false false false false false false DOROTHEA LISCHICK 144621 0 25000 0 2914 0 11677 0 1415 0 185627 0 DIRECTOR, TRUSTEE, OR KEY EMPLOYEE FORM 990, PART VI, QUESTION 2 Dave Palenchar, R. Thayer Tutt, and Kyle Hybl have a business relationship. DIRECTOR, TRUSTEE, OR KEY EMPLOYEE FORM 990, PART VI, QUESTION 2 COLORADO SPRINGS WORLD ARENA HAS A BUSINESS RELATIONSHIP WITH THE COLORADO SPRINGS SPORTS CORP. AND THE BROADMOOR SKATING CLUB. DAVE PALENCHAR (PRESIDENT OF WORLD ARENA BOARD) IS ON THE BOARD OF THE COLORADO SPRINGS SPORTS CORP. TOM OSBORNE (MEMBER OF THE WORLD ARENA BOARD) IS THE CEO OF THE COLORADO SPRINGS SPORTS CORP. LOU MELLINI, CAROLYN KRUSE, PAUL BUTCHER, TERRY SULLIVAN (MEMBERS OF THE WORLD ARENA BOARD) ARE ALSO MEMBERS OF THE COLORADO SPRINGS SPORTS CORP'S BOARD. CAROLYN KRUSE (MEMBER OF THE WORLD ARENA BOARD) IS A MEMBER OF THE BROADMOOR SKATING CLUB'S BOARD. PROCESS TO REVIEW THE FORM 990 FORM 990, PART VI, QUESTION 11B THE FORM 990 IS REVIEWED INTERNALLY BY THE BUSINESS MANAGER, ASSISTANT GENERAL MANAGER AND PRESIDENT OF THE BOARD. NEXT, THE RETURN IS PRESENTED TO AND REVIEWED BY THE FINANCE COMMITTEE WHERE THEY RECOMMEND FILING THE FORM 990 WITH THE IRS. A COPY OF THE FINAL FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD FOR REVIEW PRIOR TO THE RETURN BEING FILED WITH THE IRS. PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, QUESTION 12C 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. REVIEW OF CEO OR TOP MGMT OFFICIAL COMPENSATION FORM 990, PART VI, QUESTION 15A COMPENSATION IS REVIEWED ANNUALLY BY THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS. LAST REVIEW WAS PERFORMED IN 2010. 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. HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC PART VI, QUESTION 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. OTHER CHANGES IN NET ASSETS OR FUND BALANCES FORM 990, PART XI, LINE 5 UNREALIZED GAIN ON INVESTMENTS 16,653