Colorado Springs Choral Society
- Assets
- $631.7k
- Revenue
- $254.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Colorado Springs, CO
- Founding
- 10/1969
- Data as of
- 06/2022
- EIN
- 84-0593557
Organization Overview
Colorado Springs Choral Society is located in Colorado Springs, CO. The organization was established in 1969. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Colorado Springs Choral Society employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Springs Choral Society 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 06/2022, Colorado Springs Choral Society generated $254.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $198.0k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CULTURAL ENRICHMENT THROUGH CHORAL PROGRAMS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCE OF CLASSICAL CONCERTS AND PERFORMANCES WITH THE COLORADO SPRINGS PHILHARMONIC ORCHESTRA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Schubert Trustee | Trustee | 1 | $0 |
Judith Kramer Trustee | Trustee | 1 | $0 |
Marie Gardner Trustee | Trustee | 1 | $0 |
Connie Raub Trustee | Trustee | 1 | $0 |
Sandra Damron Treasurer | OfficerTrustee | 1 | $0 |
Mark Dempsey Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,953 |
| Fundraising events | $7,000 |
| Related organizations | $0 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,492 |
| Noncash contributions included in lines 1a–1f | $7,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,445 |
| Total Program Service Revenue | $30,629 |
| Investment income | $16,495 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,860 |
| Net Income from Fundraising Events | $2,849 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,278 |
| 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. | $45,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,180 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,780 |
| Fees for services: Other | $12,155 |
| Advertising and promotion | $6,464 |
| Office expenses | $11,593 |
| Information technology | $1,145 |
| Royalties | $120 |
| Occupancy | $15,748 |
| Travel | $0 |
| 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 | $959 |
| Insurance | $4,632 |
| All other expenses | $2,682 |
| Total functional expenses | $198,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,776 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,945 |
| Accounts receivable, net | $661 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5 |
| Prepaid expenses and deferred charges | $2,318 |
| Net Land, buildings, and equipment | $14,593 |
| Investments—publicly traded securities | $562,383 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $631,681 |
| Accounts payable and accrued expenses | $12,748 |
| 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 | $4,454 |
| Total liabilities | $17,202 |
| Net assets without donor restrictions | $570,448 |
| Net assets with donor restrictions | $44,031 |
| 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 | $631,681 |