Overview
What is Colorado Springs Conservatory Foundation?
The Colorado Springs Conservatory Foundation is a nonprofit organization situated in Colorado Springs, Colorado. It serves as the region's only performing arts conservatory, offering specialized studies in various artistic disciplines, such as instrumental music, vocals, music theory, composition, theater arts, recording arts, dance, movement, history, and humanities, catering to young individuals aged 3 to 19. The conservatory's mission is to inspire, motivate, and challenge its students to reach their full artistic and human potential. This is achieved through immersion studies in the arts and community advocacy initiatives. The conservatory relies on grants and charitable contributions to support its operations and offers scholarships to students based on financial need. Its outreach programs and arts events contribute significantly to the Colorado Springs community. The organization employs 58 individuals.
Official website here: www.coloradospringsconservatory.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 73%)
The Colorado Springs Conservatory Foundation has received a rating of "Needs Improvement" from Charity Navigator, reflecting a moderate level of accountability and financial health with an overall score of 73%. The organization boasts a fully independent board, demonstrating strong governance practices with 100% independent members, which is a positive aspect of its operations.
In terms of financial management, the Conservatory has a solid program expense ratio of 80.67%, indicating that a significant portion of its budget is directed toward its mission-driven programs. However, it faces challenges in some financial transparency aspects, as its tax form is not accessible on its website and its financial statements are only reviewed or compiled rather than audited, which impacts its overall financial accountability score.
While the foundation has policies in place for conflict of interest and whistleblower protection, its liabilities to assets ratio at 61.32% suggests some financial risk. Overall, while the Colorado Springs Conservatory Foundation has strengths in governance and program spending, it needs to address its financial transparency and liability issues to improve its standing further.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Springs Conservatory Foundation legitimate?
Colorado Springs Conservatory Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Springs Conservatory Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $75,754
Professional Fundraising Fees: $0
Other Salaries and Wages: $563,252
For more financial information, click here
Official website here: www.coloradospringsconservatory.org
What is the mission statement of Colorado Springs Conservatory Foundation?
The Colorado Springs Conservatory, as a performing arts conservatory, aims to inspire, motivate, and challenge students, encouraging them to reach their full potential as artists and individuals. This is achieved through immersion studies in various disciplines such as instrumental music, vocals, music theory, composition, theater arts, recording arts, dance, movement, history, and humanities. The conservatory also advocates for arts through community outreach and leadership, promoting music education and art events. It obtains support through grants and charitable contributions, and offers scholarships to students based on financial needs.
Official website here: www.coloradospringsconservatory.org
Who is the CEO of Colorado Springs Conservatory Foundation?
Scott Marble is the Chariman of Colorado Springs Conservatory Foundation. The CEO's salary of Colorado Springs Conservatory Foundation is $75,754 and their total compensation is $75,754.
Official website here: www.coloradospringsconservatory.org
What is the revenue of Colorado Springs Conservatory Foundation?
Colorado Springs Conservatory Foundation's revenue in 2022 was $1,404,217.
Official website here: www.coloradospringsconservatory.org
Who are the executives of Colorado Springs Conservatory Foundation and what are their salaries?
The average compensation at Colorado Springs Conservatory Foundation during 2022 was $11,017. There are 58 employees and 17 volunteers at Colorado Springs Conservatory Foundation.
Here are 11 key members and their salaries (Colorado Springs Conservatory Foundation's CEO's salary is $75,754 and their total compensation is $75,754):
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- Compensation: $75,754
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- Compensation: $91,600
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Official website here: www.coloradospringsconservatory.org
Where can I find the form 990 for Colorado Springs Conservatory Foundation?
Colorado Springs Conservatory Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coloradospringsconservatory.org
Learn more at the official website: www.coloradospringsconservatory.org
Mission Statement of Colorado Springs Conservatory Foundation
The Colorado Springs Conservatory, a prestigious performing arts institution, is dedicated to inspiring, motivating, and challenging its students to reach their highest potential as artists and individuals. Through immersion studies in various disciplines such as instrumental music, vocals, music theory, composition, theater arts, recording arts, dance, movement, history, and humanities, the conservatory provides a comprehensive artistic education for young people aged 3 to 19. Beyond academic pursuits, the Colorado Springs Conservatory advocates for arts education and leadership in the community, organizing music events and art initiatives to engage and inspire local audiences. To support its operations and ensure accessibility, the conservatory obtains grants and charitable contributions, and provides scholarships to students based on financial needs.
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Impact
July, 2024
The Colorado Springs Conservatory Foundation has a significant impact on inspiring, motivating, and challenging students to reach their highest potential as artists and individuals through arts immersion studies and community arts advocacy. By offering world-class immersion studies in instrumental music, vocals, music theory, composition, theater arts, recording arts, dance, movement, history, and humanities to young people aged 3-19, the Conservatory plays a vital role in nurturing creativity and talent in the Pikes Peak region.
Furthermore, the Conservatory promotes advocacy and leadership through its outreach programs in music education and art events within the Colorado Springs community. By obtaining grants and charitable contributions to support its operations, as well as providing scholarships to students based on financial needs, the Foundation ensures that aspiring young artists have the resources and opportunities to pursue their passions and develop their skills. Overall, the Colorado Springs Conservatory Foundation makes a tangible difference in the lives of students by fostering artistic excellence and community engagement.
This information is meant to be a general summary of Colorado Springs Conservatory Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $56
- Program Service Revenue: $498,289
- Gross Receipts: $1,473,770
Assets and Liabilities:
- Total Assets: $1,521,938
- Total Liabilities: $785,105
- Net Assets: $736,833
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION FEES
Revenue
$491,849
ADMISSION & TICKETS
Revenue
$6,440
Organization Details
Founding Year
1998
Phone
(719) 577-4556Principal Officer
Scott Marble
Main Address
415 S SAHWATCH, COLORADO SPRINGS, CO, 80903
NTEE Category
Code: A19 - Arts
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