Colorado Springs Philharmonic Orchestra
- Assets
- $4.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 221
- Location
- Colorado Springs, CO
- Founding
- 09/2003
- Data as of
- 07/2023
- EIN
- 74-3091110
Organization Overview
Colorado Springs Philharmonic Orchestra is located in Colorado Springs, CO. The organization was established in 2003. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2023, Colorado Springs Philharmonic Orchestra employed 221 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Springs Philharmonic Orchestra 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 07/2023, Colorado Springs Philharmonic Orchestra generated $4.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $4.0m during the year ending 07/2023. While expenses have increased by 1.6% 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
TO REFLECT THE GREATNESS OF OUR COMMUNITY AND THE BEST OF HUMAN POTENTIAL THROUGH MUSICAL EXCELLENCE, CREATIVE DISCOVERY, AND CIVIC LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED CONCERTS DESIGNED TO ENRICH THE CULTURAL LIFE OF COLORADO SPRINGS AND THE SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Shockley-Zalabak Chair | OfficerTrustee | 5 | $0 |
Ken Montera Vice Chair | OfficerTrustee | 5 | $0 |
Martha Barton Secretary | OfficerTrustee | 5 | $0 |
Ron Brasch Treasurer | OfficerTrustee | 5 | $0 |
Nathan Newbrough President And CEO | OfficerTrustee | 45 | $176,059 |
John Street Chairman Emeritus | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Josep Caballe-domenech Music Director | 7/30/22 | $112,695 |
Davis Graham & Stubbs Llp Legal Services | 7/30/22 | $263,587 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $78,020 |
| Government grants | $137,115 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,670,768 |
| Noncash contributions included in lines 1a–1f | $4,690 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,885,903 |
| Total Program Service Revenue | $1,975,120 |
| Investment income | $50,514 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,954,243 |
| 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. | $385,236 |
| Compensation of current officers, directors, key employees. | $66,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,749,860 |
| Pension plan accruals and contributions | $30,374 |
| Other employee benefits | $121,913 |
| Payroll taxes | $267,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,898 |
| Fees for services: Accounting | $10,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,949 |
| Advertising and promotion | $513,615 |
| Office expenses | $96,931 |
| Information technology | $37,642 |
| Royalties | $0 |
| Occupancy | $43,026 |
| Travel | $88,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,866 |
| Interest | $4,057 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,386 |
| Insurance | $37,315 |
| All other expenses | $426,102 |
| Total functional expenses | $3,960,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,961 |
| Savings and temporary cash investments | $2,793,059 |
| Pledges and grants receivable | $790,591 |
| Accounts receivable, net | $0 |
| 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 | $97,283 |
| Net Land, buildings, and equipment | $46,015 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,029 |
| Total assets | $4,231,938 |
| Accounts payable and accrued expenses | $141,898 |
| Grants payable | $0 |
| Deferred revenue | $1,095,079 |
| 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 | $145,560 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,029 |
| Total liabilities | $1,421,566 |
| Net assets without donor restrictions | $1,981,781 |
| Net assets with donor restrictions | $828,591 |
| 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 | $4,231,938 |