Colorado Springs Convention Visitors Bureau
- Assets
- $6.7m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 22
- Location
- Colorado Springs, CO
- Founding
- 12/1980
- Data as of
- 12/2023
- EIN
- 84-0809343
Organization Overview
Colorado Springs Convention Visitors Bureau, operating under the name Visit Colorado Springs, is located in Colorado Springs, CO. The organization was established in 1980. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Visit Colorado Springs employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Colorado Springs is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Visit Colorado Springs generated $5.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $5.0m during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 9 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.
Since 2014, Visit Colorado Springs has awarded 95 individual grants totaling $2,058,168. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE CREATE ECONOMIC VITALITY THROUGH MEMORABLE VISITS TO THE WONDERS OF COLORADO SPRINGS AND THE PIKES PEAK REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VCOS ENGAGES IN PROMOTIONAL PROGRAMS WHICH INCLUDE SOLICITING GROUP MEETINGS AND EVENTS, OPERATING VISITOR INFORMATION CENTERS, MAINTAINING A WEBSITE, COMMUNITY INVOLVEMENT IN SPECIAL PROJECTS, DEVELOPING PLANS AND WORKING WITH REGIONAL ENTITIES TO IMPROVE VISITOR EXPERIENCE, AND DISTRIBUTING INFORMATIONAL BROCHURES, MAPS, AND OTHER PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Price President/ceo | Officer | 40 | $256,318 |
Amy Long Chief Innovation Officer | 40 | $112,051 | |
Kathy Reak Vice President Of Sales | 40 | $113,348 | |
April Perez Director Of Finance | Officer | 40 | $65,929 |
Jason Cutshaw Chief Financial Officer (part Year) | Officer | 40 | $40,374 |
Susan Davies Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orange142 Llc Advertising | 12/30/23 | $1,099,616 |
Cvent Inc Advertising | 12/30/23 | $198,808 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,239 |
| Noncash contributions included in lines 1a–1f | $45,239 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,239 |
| Total Program Service Revenue | $5,523,067 |
| Investment income | $99,581 |
| 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 | $16,215 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,739,938 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $187,000 |
| 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. | $397,015 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,127,936 |
| Pension plan accruals and contributions | $26,469 |
| Other employee benefits | $184,513 |
| Payroll taxes | $117,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $66,122 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,962 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,592,050 |
| Office expenses | $350,864 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $476,864 |
| Travel | $223,312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,620 |
| Insurance | $10,112 |
| All other expenses | $0 |
| Total functional expenses | $5,046,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,213,813 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,929 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,915 |
| Prepaid expenses and deferred charges | $272,377 |
| Net Land, buildings, and equipment | $321,246 |
| Investments—publicly traded securities | $3,896,438 |
| Investments—other securities | $0 |
| Investments—program-related | $40,221 |
| Intangible assets | $0 |
| Other assets | $767,403 |
| Total assets | $6,654,342 |
| Accounts payable and accrued expenses | $197,990 |
| Grants payable | $0 |
| Deferred revenue | $142,124 |
| 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 | $817,512 |
| Total liabilities | $1,157,626 |
| Net assets without donor restrictions | $5,496,716 |
| Net assets with donor restrictions | $0 |
| 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 | $6,654,342 |
Grants Awarded
Over the last fiscal year, Colorado Springs Convention Visitors Bureau has awarded $147,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO SPRINGS SPORTS CORP PURPOSE: Local events | $15,000 |
FOUNDATION FOR COLORADO SPRINGS FUTURE VIA PIKES PEAK ENTERPRISE ZONE PURPOSE: Titans Campaign | $10,000 |
PIKES PEAK INTERNATIONAL HILL CLIMB PURPOSE: Support for local meeting/event | $10,000 |
GREAT RACE VIA COKER TIRE COMPANY PURPOSE: Support for local meeting/event | $25,000 |
CITY OF COLORADO SPRINGS PURPOSE: Support for OCUSA branding | $75,000 |
PIKES PEAK OR BUST RODEO FOUNDATION PURPOSE: Support for local meeting/event | $12,000 |