Civic Intelligence

The Greater Colorado Springs Chamber and Edc

990 • Fiscal year 2013 • EIN 84-0174190

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 15, 2014

102 S Tejon StreetSuite 43080903

(719) 635-1551

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

0.91x

Higher debt load relative to assets than 95% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

49th percentile

0.18x

Higher debt load relative to revenue than 49% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Net Margin

55th percentile

4.2%

Higher net margin than 55% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

83rd percentile

$242,863

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Asset Growth

22nd percentile

-3.6%

Faster asset growth than 22% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

76th percentile

11%

Faster revenue growth than 76% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Assets

Down

$601,638

Down $22,197 (-3.6%) from 2012

Net Assets

Up

$56,645

Up $130,482 (+177%) from 2012

Liabilities

Down

$544,993

Down $152,679 (-22%) from 2012

Revenue

Up

$3,079,662

Up $314,017 (+11%) from 2012

Expenses

Up

$2,949,180

Up $108,900 (+3.8%) from 2012

Net Income

Up

$130,482

Up $205,117 (+275%) from 2012

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $422,155Liabilities 2010: $899,440Net Assets 2010: -$477,2852010Assets 2011: $368,940Liabilities 2011: $836,202Net Assets 2011: -$467,2622011Assets 2012: $623,835Liabilities 2012: $697,672Net Assets 2012: -$73,8372012Assets 2013: $601,638Liabilities 2013: $544,993Net Assets 2013: $56,6452013Assets 2014: $428,170Liabilities 2014: $376,305Net Assets 2014: $51,8652014Assets 2015: $690,704Liabilities 2015: $318,738Net Assets 2015: $371,9662015Assets 2016: $667,796Liabilities 2016: $281,744Net Assets 2016: $386,0522016Assets 2017: $654,082Liabilities 2017: $414,411Net Assets 2017: $239,6712017Assets 2018: $927,269Liabilities 2018: $427,299Net Assets 2018: $499,9702018Assets 2019: $1,363,931Liabilities 2019: $700,595Net Assets 2019: $663,3362019Assets 2020: $1,894,697Liabilities 2020: $853,365Net Assets 2020: $1,041,3322020Assets 2021: $2,246,029Liabilities 2021: $840,635Net Assets 2021: $1,405,3942021Assets 2022: $3,296,203Liabilities 2022: $2,081,528Net Assets 2022: $1,214,6752022Assets 2023: $4,714,261Liabilities 2023: $2,729,018Net Assets 2023: $1,985,2432023Assets 2024: $4,614,882Liabilities 2024: $1,941,683Net Assets 2024: $2,673,1992024

Highlighted filing

2013

Assets$601,638
Liabilities$544,993
Net Assets$56,645

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,035,7892010Expenses 2011: $2,390,4672011Revenue 2012: $2,765,645Expenses 2012: $2,840,280Net Income 2012: -$74,6352012Revenue 2013: $3,079,662Expenses 2013: $2,949,180Net Income 2013: $130,4822013Revenue 2014: $2,932,536Expenses 2014: $2,937,316Net Income 2014: -$4,7802014Revenue 2015: $2,871,382Expenses 2015: $2,551,281Net Income 2015: $320,1012015Revenue 2016: $2,983,329Expenses 2016: $2,969,243Net Income 2016: $14,0862016Revenue 2017: $3,301,719Expenses 2017: $3,448,100Net Income 2017: -$146,3812017Revenue 2018: $4,098,956Expenses 2018: $3,838,657Net Income 2018: $260,2992018Revenue 2019: $4,104,824Expenses 2019: $3,941,458Net Income 2019: $163,3662019Revenue 2020: $4,446,234Expenses 2020: $4,068,238Net Income 2020: $377,9962020Revenue 2021: $6,426,509Expenses 2021: $6,062,447Net Income 2021: $364,0622021Revenue 2022: $4,739,984Expenses 2022: $4,930,703Net Income 2022: -$190,7192022Revenue 2023: $6,319,842Expenses 2023: $5,549,274Net Income 2023: $770,5682023Revenue 2024: $6,441,748Expenses 2024: $5,826,623Net Income 2024: $615,1252024

Highlighted filing

2013

Revenue$3,079,662
Expenses$2,949,180
Net Income$130,482
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 15, 2014
Return Version
2013v3.1
Gross Receipts
$3,179,662
Mission and Program Overview

Mission

To promote and support the business community in colorado springs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$290,672$316,064▲ $25,392
Accounts Receivable$113,179$145,593▲ $32,414
Prepaid Expenses and Deferred Charges$60,076$69,253▲ $9,177
Land, Buildings, and Equipment, Net$49,589$48,249▼ $1,340
Cash and Non-Interest-Bearing Accounts$10,319$22,479▲ $12,160
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$623,835$601,638▼ $22,197
Other Assets Total$100,000$0▼ $100,000
Liabilities
Deferred Revenue$489,550$369,941▼ $119,609
Accounts Payable and Accrued Expenses$109,787$141,527▲ $31,740
Mortgage Notes Payable Secured by Investment Property$98,335$33,525▼ $64,810
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$697,672$544,993▼ $152,679
Net Assets / Fund Balance
Unrestricted Net Assets$-198,953$41,810▲ $240,763
Temporarily Rstr Net Assets$125,116$14,835▼ $110,281
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$-73,837$56,645▲ $130,482
Total Liabilities and Net Assets / Fund Balance$623,835$601,638▼ $22,197

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$48,249$462,281$510,530
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph M RasoCEOFT$200,009$17,454$242,863
Doug QuimbyPast ChairPT$225,409$17,454$242,863
David WhiteChief Business Development OffFT$137,019$38,650$150,269
Mike JorgensenChairPT$137,019$13,250$150,269
Chris BleesSecretary/TreasurerPT$95,523$12,231$107,754
Tom NepplVice - ChairPT$92,987$1,636$94,623
Toby GannettSecretaryPT$69,467$10,157$79,624

Board Members and Trustees

NameTitle
Amanda MountainAt Large
Benita Fitzgerald MosleyAt Large
Christopher JenkinsAt Large
Dan MalinaricAt Large
Debbie ChandlerAt Large
Don KiddAt Large
Doug PriceAt Large
Frank CarisAt Large
Gene Renuart JrAt Large
Jeff GreeneAt Large
Jerry ForteAt Large
Kevin O'NeilAt Large
Lance BoltonAt Large
Leslie ThomasAt Large
Matt CarpenterAt Large
Patrick SanduskyAt Large
Randy CaseAt Large
Renee ZentzAt Large
Shawn GullixsonAt Large
Steve HelbingAt Large
Ted RobertsonAt Large
Terry StormAt Large
Venkat ReddyAt Large
Yvonne BoggsAt Large
Andy MerrittChief Defense Industry Officer
Bridget FosterChief Financial Officer
Julia BoswellChief Operations Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,637,517
Program Service Revenue
$538,030
Investment Income
$-99,901
Other Revenue
$4,016
All Other Contributions
$1,390,761
Change in Net Assets
$130,482

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,179,662
Revenue Not Reported on Financial Statements
$-100,000
Revenue Not Reported on Form 990
$171,641
Other Revenue Adjustments
$-100,000
Total Revenue per Audited Statements
$3,351,303
Total Revenue per Form 990
$3,079,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,601,847
Other Expenses$1,344,672
Grants and Similar Amounts Paid$2,661
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$648,143$57,524-$705,667
Current Officers, Directors, Trustees, and Key Employees$621,122$54,010-$675,132
Fees for Services Other$141,399$123,168-$264,567
Occupancy$202,526$17,804-$220,330
Advertising$133,368$36,758-$170,126
Payroll Taxes$113,394$9,969-$123,363
Other Employee Benefits$68,027$4,741-$72,768
All Other Expenses$10,619$52,769-$63,388
Information Technology$32,288$2,839-$35,127
Travel$22,145$12,846-$34,991
Office Expenses$6,335$26,335-$32,670
Pension Plan Contributions$21,720$3,197-$24,917
Depreciation Depletion$20,741$1,823-$22,564
Fees for Services Accounting$9,786$7,016-$16,802
Conferences and Meetings$7,396$8,089-$15,485
Other Expenses$1,944$10,385-$12,329
Insurance-$7,357-$7,357
Interest-$2,736-$2,736
Grants to Domestic Orgs$2,661--$2,661
Fees for Services Legal$859$616-$1,475
Total Functional Expenses$2,488,215$460,965$0$2,949,180

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,147,954
Expenses per Audited Statements$2,949,180
Total Expenses per Form 990$2,949,180
Expenses Not Reported on Form 990$198,774
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$101,007
Total Nondeductible Lobbying and Political Cost$101,007
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

See attached for changes to governing documents.

FORM 990, PART VI, SECTION A, LINE 6:

The organization has members.

FORM 990, PART VI, SECTION A, LINE 7A:

The organization has members who may elect one or more members of the governing body.

FORM 990, PART VI, SECTION B, LINE 11:

The form 990 was reviewed by the finance committee of the board prior to the return being filed.

FORM 990, PART VI, SECTION B, LINE 12C:

The chamber annually prompts the board to disclose anything that would constitute a conflict of interest when the annual 990 is approved. Conflict of interest situations are dealt with on a case by case basis.

FORM 990, PART VI, SECTION B, LINE 15A:

The ceo's compensation was determined by the executive committee.

FORM 990, PART VI, SECTION C, LINE 19:

Our governing documents and conflict of interest policy are available upon request. Financial statements are prepared for internal purposes. If there is a general public inquiry as to our financials, we will provide a copy of the most recent completed 990 or direct them to guidestar to access that information.

Filing and Contact Details

Filer

EIN
84-0174190
In Care Of
% JUDY DURAN-WING
Phone
7196351551

Signing Officer

Name
Judy Duran-Wing
Title
Finance
Phone
7196351551
Signed
2014-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Raso
Formed
1912
Legal Domicile
Co
Voting Board Members
15
Independent Board Members
15
Employees
22
Volunteers
0

Preparer

Preparer
Doreen B Merz
Phone
7196351551
Supplemental Narrative

Additional Explanations

DOING BUSINESS AS:

THE COLORADO SPRINGS REGIONAL BUSINESS ALLIANCE FORM 990, PART III, LINE 4E The Colorado Springs Regional Business Alliance is recognized as the leading economic development organization in the Pikes Peak region. We provide - at no charge - comprehensive and confidential services to businesses considering relocation or expansion in the Colorado Springs and Pikes Peak region. The Business Alliance can provide important data and information about the region including business climate, workforce, incentives, and quality of life factors.

FORM 990, PART XII, LINE 2C:

No changes during the tax year.

Financial Statement Notes

SCHEDULE D, PART XI, LINE 2D:

CENTER FOR REGIONAL ADVANCEMENT REVENUE reported on separate 990: $44,530

SCHEDULE D, PART XII, LINE 2D:

CENTER FOR REGIONAL ADVANCEMENT EXPENSES Reported on separate 990: $71,662

SCHEDULE D, PART X, LINE 2:

THE ORGANIZATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. The Organizations's tax returns for the years 2010 through the current period remain open to examination by state and federal taxing authorities.

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IRS990/Form990PartVIISectionAGrp/TitleTxt30Chief Business Development Off
IRS990/Form990PartVIISectionAGrp/TitleTxt31Chief Operations Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt32Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt33Chief Defense Industry Officer
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0529520
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18510

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.61$1.94$2.67$6.44$5.83$0.62
2023Detailed filing. Detailed filing data is available for this year.$4.71$2.73$1.99$6.32$5.55$0.77
2022Detailed filing. Detailed filing data is available for this year.$3.30$2.08$1.21$4.74$4.93$0.19
2021Detailed filing. Detailed filing data is available for this year.$2.25$0.84$1.41$6.43$6.06$0.36
2020Detailed filing. Detailed filing data is available for this year.$1.89$0.85$1.04$4.45$4.07$0.38
2019Detailed filing. Detailed filing data is available for this year.$1.36$0.70$0.66$4.10$3.94$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.93$0.43$0.50$4.10$3.84$0.26
2017Detailed filing. Detailed filing data is available for this year.$0.65$0.41$0.24$3.30$3.45$0.15
2016Detailed filing. Detailed filing data is available for this year.$0.67$0.28$0.39$2.98$2.97$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.32$0.37$2.87$2.55$0.32
2014Detailed filing. Detailed filing data is available for this year.$0.43$0.38$0.05$2.93$2.94$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.60$0.54$0.06$3.08$2.95$0.13
2012Summary only. Only limited summary data is available for this year.$0.62$0.70$0.07$2.77$2.84$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.84$0.47$2.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.90$0.48$2.04