Colorado Sports Hall Of Fame
- Assets
- $1.6m
- Revenue
- $596.9k
- Investments
- $0.0
- Employees
- 22
- Location
- Denver, CO
- Founding
- 06/1965
- Data as of
- 12/2023
- EIN
- 84-6041156
Organization Overview
Colorado Sports Hall Of Fame is located in Denver, CO. The organization was established in 1965. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Colorado Sports Hall Of Fame employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Sports Hall Of Fame 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 Sports Hall Of Fame generated $596.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $626.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Colorado Sports Hall Of Fame has awarded 49 individual grants totaling $820,000. 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
TO ENCOURAGE ACTIVE PARTICIPATION IN ATHLETICS TO INSPIRE AND PROMOTE THE HIGHEST STANDARDS OF SPORTSMANSHIP, HONOR, LOYALTY, AND FAIR PLAY TO HONOR INDIVIDUALS WHO MERITED RECOGNITION TO MAINTAIN THE COLORADO SPORTS HALL OF FAME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH, OPERATE, AND MAINTAIN A COLORADO SPORTS HALL OF FAME MUSEUM ATTENDED BY APPROXIMATELY 18,268 PERSONS IN 2023, INCLUDING APPROXIMATELY 2,023 STUDENTS. OF THE VISITORS, APPROXIMATELY 16,408 PARTICIPATED IN A GUIDED TOUR OF THE MUSEUM AND INVESCO FIELD AT MILE HIGH STADIUM.
DONATIONS TO PROMOTE YOUTH SPORTS AND ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Lawrence President /ceo | OfficerTrustee | 40 | $155,152 |
Allen Kiel Director | Trustee | 1 | $0 |
Brandon Rose Director | Trustee | 1 | $0 |
Troy Blessing Director | Trustee | 1 | $0 |
Theo Gregory Director | Trustee | 1 | $0 |
Scott Mclean Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $185,768 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,868 |
| Total Program Service Revenue | $526,172 |
| Investment income | $18,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,451 |
| Net Income from Fundraising Events | -$172,324 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $596,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,703 |
| 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. | $155,152 |
| Compensation of current officers, directors, key employees. | $51,717 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,649 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,832 |
| Payroll taxes | $29,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,545 |
| 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 | $81,510 |
| 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 | $5,871 |
| Insurance | $8,303 |
| All other expenses | $6,577 |
| Total functional expenses | $626,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $695,364 |
| Pledges and grants receivable | $198,168 |
| 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 | $17,526 |
| Net Land, buildings, and equipment | $32,120 |
| Investments—publicly traded securities | $644,898 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,588,076 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $54,000 |
| 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 | $0 |
| Total liabilities | $54,000 |
| Net assets without donor restrictions | $1,335,908 |
| Net assets with donor restrictions | $198,168 |
| 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 | $1,588,076 |
Grants Awarded
Over the last fiscal year, Colorado Sports Hall Of Fame has awarded $40,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL OLYMPICS COLORADO PURPOSE: Program Support | $10,000 |
NATIONAL SPORTS CENTER FOR DISABLED PURPOSE: Program Support | $10,000 |
COLORADO GOLF FOUNDATION PURPOSE: Program Support | $10,000 |
OTERO COLLEGE PURPOSE: Scholarship | $10,000 |