Bohemian Operating Foundation
- Assets
- $38.4m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Collins, CO
- Founding
- 12/2007
- Data as of
- 12/2022
- EIN
- 20-4560501
Organization Overview
Bohemian Operating Foundation is located in Fort Collins, CO. The organization was established in 2007. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bohemian Operating Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bohemian Operating Foundation generated $18.0m in total revenue. All expenses for the organization totaled $6.5m during the year ending 12/2022. While expenses have increased by 16.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
WASHINGTON'S LLC (OWNED SOLELY BY BOHEMIAN OPERATING FOUNDATION) IS A NONPROFIT MUSIC VENUE DEDICATED TO THE ENRICHMENT OF THE COMMUNITY BY BRINGING LOCAL, REGIONAL, AND NATIONAL ARTISTS TO FORT COLLINS AND IMPROVING UPON OPPORTUNITIES FOR ALL MUSICIANS, MUSIC BUSINESSES, AND MUSIC AUDIENCES OF ALL AGES.
MUSIC DISTRICT, LLC (OWNED SOLELY BY BOHEMIAN OPERATING FOUNDATION) IS A MUSIC-CENTRIC GATHERING PLACE DESIGNED TO HELP MUSICIANS CULTIVATE THEIR TALENTS, TO SUPPORT PROFESSIONAL DEVELOPMENT IN THE MUSIC-RELATED FIELDS AND TO ENCOURAGE CONNECTIONS AMONG MUSICIANS WITHIN THE MUSIC COMMUNITY OF FORT COLLINS AND SURROUNDING AREAS. THE MUSIC DISTRICT LAUNCHED A MEMBERSHIP PROGRAM IN OCTOBER 2022, WHICH OFFERS FULL ACCESS TO THE MD CAMPUS, GEAR, RESOURCES, AND PROGRAMS.
BOHEMIAN NIGHTS, LLC (SOLELY OWNED BY BOHEMIAN OPERATING FOUNDATION) IS RESPONSIBLE FOR LIVE MUSIC OFFERINGS. 1. BOHEMIAN NIGHTS PRESENT THURSDAY NIGHT LIVE IS A FREE SUMMER CONCERT SERIES THAT SHOWCASES COLORADO'S ESTABLISHED AND EMERGING MUSICAL TALENT. THERE ARE TYPICALLY 15 WEEKLY CONCERTS PRODUCED WHICH FEATURE A DIVERSE MUSIC LINE UP IN DOWNTOWN FORT COLLINS. 2. BOHEMIAN NIGHTS PRESENTS CONCERTS AT THE ARMORY IS TICKETED CONCERTS INTRODUCED IN 2014 AND HELD IN THE HISTORIC DOWNTOWN ARMORY BUILDING. SHOWS GENERALLY FEATURE A NATIONALLY TOURING HEADLINER PAIRED WITH A LOCAL ARTIST IN AN INTIMATE LISTENING ROOM ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Stryker President | 2 | $0 | |
Joseph C Zimlich Vp/secr/trea | 2 | $0 | |
Cheryl A Zimlich Exec. Dir. | 20 | $150,000 | |
Kristina Hess Hr Director | 0 | $143,492 | |
Laura Wilson Music Mgr. | 0 | $142,000 | |
Melissa Reese Md Manager | 0 | $121,055 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $111 |
| Interest on Savings | $38,204 |
| Dividends & Interest | $124,536 |
| Net Rental Income | $5,663 |
| Net Gain on Sale of Assets | $16,586,017 |
| Capital Gain Net Income | $16,586,017 |
| Net ST Capital Gain | $16,586,017 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,254,236 |
| Total Revenue | $18,036,819 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $1,063,941 |
| Pension plans, employee benefits | $464,651 |
| Interest | $0 |
| Taxes | $123,069 |
| Depreciation | $672,988 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,771 |
| Printing and publications | $0 |
| Other expenses | $3,817,031 |
| Total operating and administrative expenses | $6,466,189 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,466,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $754,469 |
| Savings and temporary cash investments | $12,594,167 |
| Net Accounts receivable | $439,112 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $24,583,476 |
| Other assets | $0 |
| Total assets | $38,371,224 |
| Accounts payable and accrued expenses | $385,860 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $36,203 |
| Total liabilities | $422,063 |