Colorado Music Hall Of Fame
- Assets
- $497.8k
- Revenue
- $176.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Denver, CO
- Founding
- 11/2011
- Data as of
- 12/2021
- EIN
- 27-2529106
Organization Overview
Colorado Music Hall Of Fame is located in Denver, CO. The organization was established in 2011. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Colorado Music Hall Of Fame 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 12/2021, Colorado Music Hall Of Fame generated $176.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $192.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COLORADO MUSIC HALL OF FAME CELEBRATES OUR STATE'S MUSIC HERITAGE AND INSPIRES THE FUTURE OF COLORADO MUSIC THROUGH OUR MUSEUM, EDUCATIONAL PROGRAMMING, INDUCTION CONCERTS AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, COLORADO MUSIC HALL OF FAME LAUNCHED A REDESIGN OF ITS EXHIBITS AT RED ROCKS AMPHITHEATRE TRADING POST, CREATING NEW BILINGUAL EXHIBITS (SPANISH/ENGLISH) WITH A NEW FLOORPLAN. DUE TO THE PANDEMIC, THE HALL PIVOTED FROM LIVE TO VIRTUAL PROGRAMMING, LAUNCHING A FREE LIVESTREAM PROGRAM, FRONT ROW & CENTER, AN INDUCTEE INTERVIEW SERIES HOSTED BY PATRICIA CALHOUN, FOUNDER/EDITOR OF WESTWORD AND HALL OF FAME BOARD MEMBER, AS WELL AS HOSTING ITS FIRST-EVER VIRTUAL INDUCTION CEREMONY OF BOULDER'S ETOWN. A NEW MONTHLY FEATURE, FROM OUR COLLECTION, WAS ADDED TO THE HALL'S NEWSLETTER, HIGHLIGHTING A HISTORIC ARTIFACT FROM ITS ARCHIVES. A "10 YEARS OF PHOTOS" INSTAGRAM CAMPAIGN, HIGHLIGHTING INDUCTION CEREMONIES/CONCERTS DURING ITS FIRST DECADE, RAN FOR SIX MONTHS IN 2021. THE HALL ALSO EMPHASIZED ITS WORK ON MUSEUM COLLECTIONS CARE AND MANAGEMENT, PURCHASING MUSEUM COLLECTIONS SOFTWARE AND CATALOGING THE ENTIRE 600+ HISTORICAL ARTIFACT COLLECTION. IN ANTICIPATION OF A LIVE INDUCTION CONCERT, THE HALL ANNOUNCED ITS 2021 INDUCTION CLASS, THE FLATIRONS SESSIONS, CONSISTING OF FOUR BANDS AND A MUSIC VENUE; THE CONCERT WAS UNFORTUNATELY POSTPONED UNTIL 2022 DUE TO THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Radman Executive Di | Officer | 40 | $106,000 |
Scott Tobias Co-Chair/tre | OfficerTrustee | 2 | $0 |
Paul Epstein Co-Chair | OfficerTrustee | 2 | $0 |
Dave Plati Secretary | OfficerTrustee | 2 | $0 |
Chuck Morris Founding Cha | OfficerTrustee | 2 | $0 |
Troy Duran Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,809 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,020 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,829 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,295 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $176,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,000 |
| Compensation of current officers, directors, key employees. | $11,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,718 |
| Advertising and promotion | $0 |
| Office expenses | $2,741 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,971 |
| Travel | $896 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,501 |
| Insurance | $7,200 |
| All other expenses | $111 |
| Total functional expenses | $191,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,941 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,605 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $103,783 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $497,829 |
| Accounts payable and accrued expenses | $7,499 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,499 |
| Net assets without donor restrictions | $461,691 |
| Net assets with donor restrictions | $28,639 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $497,829 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colorado Music Hall Of Fame has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
The Chicago Community Trust Chicago, IL PURPOSE: TO SUPPORT IMPROVEMENTS AT RED ROCKS TRADING POST | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corn Heritage Village Of Corn Inc Corn, OK | $5,772,212 | $6,524,606 |
The Durham Museum Omaha, NE | $15,389,425 | $5,410,421 |
Logan County Historical Society Inc Guthrie, OK | $4,494,727 | $3,890,411 |
Historicorps Morrison, CO | $763,649 | $2,724,151 |
Fox Tucson Theatre Foundation Tucson, AZ | $11,879,318 | $4,013,342 |
Breckenridge Heritage Alliance Breckenridge, CO | $410,741 | $1,870,667 |
Docs Friends Inc Wichita, KS | $10,795,174 | $1,472,500 |
Prescott Frontier Days Inc Prescott, AZ | $1,824,378 | $1,478,402 |
American West Heritage Foundation Wellsville, UT | $3,082,934 | $1,494,150 |
Glen Canyon Conservancy Page, AZ | $3,490,803 | $1,543,846 |
Canyonlands Field Institute Inc Moab, UT | $5,225,217 | $972,612 |
Heart Mountain Wyoming Foundation Powell, WY | $9,452,012 | $2,858,388 |