Colorado Business Committee For The Arts
- Assets
- $584.7k
- Revenue
- $662.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Denver, CO
- Founding
- 07/1985
- Data as of
- 12/2023
- EIN
- 74-2368958
Organization Overview
Colorado Business Committee For The Arts is located in Denver, CO. The organization was established in 1985. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Colorado Business Committee For The Arts employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Business Committee For The Arts 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 12/2023, Colorado Business Committee For The Arts generated $662.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $679.3k during the year ending 12/2023. While expenses have increased by 10.0% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLORADO BUSINESS COMMITTEE FOR THE ARTS (CBCA)'S MISSION IS TO ADVANCE COLORADO'S CREATIVE ECONOMY BY CONNECTING BUSINESS AND ARTS. WE ACCOMPLISH THIS MISSION THROUGH STATEWIDE ADVOCACY, RESEARCH, TRAINING, VOLUNTEERISM AND ARTS ENGAGEMENT EFFORTS. CBCA HAS BEEN FORGING INSPIRING ARTS AND BUSINESS PARTNERSHIPS SINCE 1985.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, OVER 3,170 PEOPLE WERE SERVED DIRECTLY THROUGH CBCA'S VARIOUS PROGRAMS AND EVENTS. CBCA MEMBER COMPANIES, THEIR EMPLOYEES AND THE GENERAL PUBLIC, INCLUDING BUSINESS PROFESSIONALS, ARTS ADMINISTRATORS, CREATIVE ENTREPRENEURS, CIVIC LEADERS AND MORE PARTICIPATED IN CBCA ACTIVITIES. CBCA HOSTED OR PARTNERED ON 43 EVENTS IN 2023, INCLUDING ARTSCONNECT EVENTS FOR CBCA MEMBERS, ARTS + INDUSTRY FORUMS, THE ANNUAL BUSINESS FOR THE ARTS AWARDS LUNCHEON AND A FREE COMMUNITY ROLL-OUT FOR THE LATEST ECONOMIC ACTIVITY STUDY OF METRO DENVER CULTURE. CBCA'S MEMBERSHIP REACHED 300 ORGANIZATIONS AND INDIVIDUALS IN 2023, REPRESENTING 25 DIFFERENT INDUSTRY SECTORS. -------------------- SEE SCHEDULE O FOR DETAILS -------------------------
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christin Crampton Day Executive Di | Officer | 40 | $103,515 |
Dustin Whistler Chair | OfficerTrustee | 4 | $0 |
Nancy Walsh Vice Chair | OfficerTrustee | 4 | $0 |
Rachel Basye Treasurer | OfficerTrustee | 4 | $0 |
Bob Keatinge Secretary | OfficerTrustee | 4 | $0 |
Peter Bernstein Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $185,420 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $290,799 |
| Noncash contributions included in lines 1a–1f | $3,470 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,719 |
| Total Program Service Revenue | $100,045 |
| Investment income | $6,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,538 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $662,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,487 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,773 |
| Compensation of current officers, directors, key employees. | $30,807 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,121 |
| Pension plan accruals and contributions | $3,114 |
| Other employee benefits | $17,388 |
| Payroll taxes | $26,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,772 |
| Advertising and promotion | $13,157 |
| Office expenses | $39,083 |
| Information technology | $10,570 |
| Royalties | $0 |
| Occupancy | $32,775 |
| Travel | $12,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,084 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $868 |
| Insurance | $5,130 |
| All other expenses | $0 |
| Total functional expenses | $679,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,312 |
| Savings and temporary cash investments | $271,014 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,128 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,482 |
| Net Land, buildings, and equipment | $7,818 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $154,963 |
| Total assets | $584,717 |
| Accounts payable and accrued expenses | $19,112 |
| Grants payable | $0 |
| Deferred revenue | $114,106 |
| 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 | $179,274 |
| Total liabilities | $312,492 |
| Net assets without donor restrictions | $127,019 |
| Net assets with donor restrictions | $145,206 |
| 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 | $584,717 |