Colorado Springs Conservatory Foundation
- Assets
- $1.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 58
- Location
- Colorado Springs, CO
- Founding
- 02/2000
- Data as of
- 06/2022
- EIN
- 84-1502211
Organization Overview
Colorado Springs Conservatory Foundation is located in Colorado Springs, CO. The organization was established in 2000. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Colorado Springs Conservatory Foundation employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Springs Conservatory Foundation 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 Conservatory Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.2m 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
THE MISSION OF THE COLORADO SPRINGS CONSERVATORY IS TO INSPIRE, MOTIVATE, AND CHALLENGE ALL STUDENTS TO ASPIRE TO THEIR HIGHEST POTENTIAL AS ARTISTS AND AS HUMAN BEINGS THROUGH ARTS IMMERSION STUDIES AND COMMUNITY ARTS ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLORADO SPRINGS CONSERVATORY (CSC) IS THE PIKES PEAK REGION'S ONLY PERFORMING ARTS CONSERVATORY, OFFERING WORLD-CLASS IMMERSION STUDIES IN INSTRUMENTAL MUSIC, VOCALS, MUSIC THEORY, COMPOSITION, THEATER ARTS, RECORDING ARTS, DANCE, MOVEMENT, HISTORY, AND HUMANITIES TO YOUNG PEOPLE AGES 3-19; THE CONSERVATORY PROMOTES ADVOCACY AND LEADERSHIP THROUGH ITS OUTREACH OF MUSIC EDUCATION AND ART EVENTS IN THE COLORADO SPRINGS COMMUNITY. THE CONSERVATORY OBTAINS GRANTS AND CHARITABLE CONTRIBUTIONS IN SUPPORT OF ITS OPERATIONS; IN ADDITION, THE CONSERVATORY PROVIDES SCHOLARSHIPS TO STUDENTS BASED ON FINANCIAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Talarico Chariman | OfficerTrustee | 5 | $0 |
Nicola Rourk Vice Chair | OfficerTrustee | 5 | $0 |
Greg Luczak Treasurer | OfficerTrustee | 5 | $0 |
Donna Nelson Director At Large | Trustee | 5 | $0 |
Ron Fitch Director At Large | Trustee | 5 | $0 |
Cj Moore Director At Large | Trustee | 5 | $0 |
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 | $727,230 |
| Noncash contributions included in lines 1a–1f | $11,202 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $727,230 |
| Total Program Service Revenue | $498,289 |
| Investment income | $56 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $178,642 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,404,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $102,323 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,754 |
| Compensation of current officers, directors, key employees. | $7,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $563,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,844 |
| Payroll taxes | $51,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,003 |
| Fees for services: Accounting | $21,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,961 |
| Travel | $9,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,764 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,805 |
| Insurance | $12,655 |
| All other expenses | $34,557 |
| Total functional expenses | $1,223,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,253 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,468,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,889 |
| Total assets | $1,521,938 |
| Accounts payable and accrued expenses | $23,476 |
| 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 | $745,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,229 |
| Total liabilities | $785,105 |
| Net assets without donor restrictions | $736,833 |
| 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 | $1,521,938 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Springs Conservatory Foundation Colorado Springs, CO | $1,521,938 | $1,404,217 |
International School Of Hydrocarbon Measurement Inc Norman, OK | $444,061 | $707,567 |
Band Of Angels Corp Overland Park, KS | $708,251 | $517,831 |
West Valley Symphony Association Surprise, AZ | $1,889,062 | $527,665 |
Tassel Coordination Council Inc Holdrege, NE | $124,987 | $0 |
Doug Pensinger Photography Fund Leadville, CO | $2,068,399 | $502,567 |
Lone Tree Arts Center Fund Lone Tree, CO | $77,135 | $0 |
Lenora Jubilee Association Lenora, KS | $28,050 | $0 |
Sawmill Center Inc Albuquerque, NM | $477,066 | $0 |
Omaha Press Club Foundation Inc Omaha, NE | $689,361 | $43,821 |
Sunlight Peak Llc Centennial, CO | $32,482 | $0 |
Merchfriends Inc Phoenix, AZ | $19,409 | $0 |
Grand Valley Creative Alliance Fruita, CO | $255,335 | $270,022 |
Oea Awards Inc Omaha, NE | $4,354 | $0 |
Box Elder Museum Foundation Brigham City, UT | $128,152 | $0 |
Mid-Del Art Guild Inc Oklahoma City, OK | $0 | $0 |