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Colorado Springs World Arena

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 841264465 ✦ Colorado springs, CO ✦ Designated as a 501(c)(3)

Overview

What is Colorado Springs World Arena?

Colorado Springs World Arena is a public facility located at 3185 Venetucci Boulevard, Colorado Springs, CO 80906, serving as a multi-purpose venue for various events. Established with the mission to alleviate the financial burden on the city, this nonprofit organization hosts sports events such as basketball, ice skating, ice hockey, and activities organized by educational institutions and the general public. Additionally, it manages the Pikes Peak Center, a multi-purpose building owned by El Paso County, which hosts cultural, community, and performance arts events. The Colorado Springs World Arena employs a team of 269 individuals to ensure the smooth operation and maintenance of these facilities.


Official website here: www.broadmoorworldarena.com

Is Colorado Springs World Arena legitimate?

Colorado Springs World Arena is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Springs World Arena submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $341,861
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,882,361

For more financial information, click here


Official website here: www.broadmoorworldarena.com

What is the mission statement of Colorado Springs World Arena?

The Colorado Springs World Arena was established with a mission to alleviate the burden on the city by directly managing a multi-purpose public facility. This facility serves as a venue for various events, including sports events such as basketball, ice skating, and ice hockey. Additionally, it hosts activities and events organized by sports organizations, educational institutions, and the general public. In 2004, the Colorado Springs World Arena took over the management of the Pikes Peak Center, a multi-purpose building used for cultural, community, and performance arts events. The organization's role is to plan, design, construct, finance, develop, own, and operate these facilities, providing a versatile space for the city and its residents.


Official website here: www.broadmoorworldarena.com

Who is the CEO of Colorado Springs World Arena?

David Palenchar is the General Manager - Thru 05/22 of Colorado Springs World Arena.


Official website here: www.broadmoorworldarena.com

What is the revenue of Colorado Springs World Arena?

Colorado Springs World Arena's revenue in 2022 was $8,977,422.


Official website here: www.broadmoorworldarena.com

Who are the executives of Colorado Springs World Arena and what are their salaries?

The average compensation at Colorado Springs World Arena during 2022 was $8,268. There are 269 employees and 17 volunteers at Colorado Springs World Arena.

Here are 21 key members and their salaries:

    Dorothea Lischick (General Manager - Thru 05/22)
  • Compensation: $210,915
  • Related: $0
  • Other: $18,833

    • Tuesday Heslop (Assistant General Manager)
  • Compensation: $178,672
  • Related: $0
  • Other: $30,484

    • Stuart Kurtz (Controller)
  • Compensation: $128,913
  • Related: $0
  • Other: $7,278

    • Dave Namesnik (General Manager - Beg. 06/22)
  • Compensation: $112,113
  • Related: $0
  • Other: $0

    • Gary Butterworth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Theo Gregory (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Erin Hannan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aron Mcguire (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Crystal La Tier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Palenchar (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elaine Martinez (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ian Ratz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Damioli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lou Mellini (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Megan Leatham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Magic (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pat Kelleher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Susemihi (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • R Thayer Tutt Jr (Assistant Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Edmonson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Falgien (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.broadmoorworldarena.com

    Where can I find the form 990 for Colorado Springs World Arena?

    The Colorado Springs World Arena’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.broadmoorworldarena.com

    Learn more at the official website: www.broadmoorworldarena.com

    Mission Statement of Colorado Springs World Arena

    The Colorado Springs World Arena was established with a mission to alleviate the burdens of the city by directly managing a public facility. This multi-purpose venue hosts a wide array of events, catering to various sports such as basketball, ice skating, and hockey, as well as activities and events organized by sports organizations, educational institutions, and the general public. In 2004, the Colorado Springs World Arena expanded its management responsibilities to include the Pikes Peak Center, a multi-purpose building owned by El Paso County. This additional facility is utilized for cultural, community, and performance arts events. In essence, the Colorado Springs World Arena's mission is to provide a versatile public space for events and activities, aiming to contribute positively to the community.

    Impact

    This information is meant to be a general summary of Colorado Springs World Arena. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Colorado Springs World Arena has a significant impact on the community by providing a space for a variety of events, including sporting events like basketball, ice skating, and ice hockey. Additionally, the arena hosts activities and events by sports organizations, educational institutions, and the general public. Its operations and management aim to lessen the burdens on Colorado Springs by offering a multi-purpose public facility that benefits the city and its residents. The arena's strategic location in Colorado Springs, CO, contributes to the local economy and offers cultural and entertainment opportunities for the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $50,647
  • Program Service Revenue: $6,605,923
  • Gross Receipts: $8,977,468

    • Assets and Liabilities:
  • Total Assets: $40,388,684
  • Total Liabilities: $6,510,657
  • Net Assets: $33,878,027
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ARENA REVENUE

    Revenue

    $3,068,607

    ICE HALL REVENUE

    Revenue

    $1,669,013

    PIKES PEAK CENTER REVENUE

    Revenue

    $1,868,303

    Organization Details

    Founding Year

    1994

    Principal Officer

    David Palenchar

    Main Address

    3185 VENETUCCI BOULEVARD, COLORADO SPRINGS, CO, 80906

    NTEE Category

    Code: W110 - Public benefit

    If you are a representative of Colorado Springs World Arena and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.