Civic Intelligence

The Colorado Springs Choral Society

990 • Fiscal year 2014 • EIN 84-0593557

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 31, 2014

PO Box 230480901

(719) 634-3737

Siviq Scores

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

Liabilities / Assets

71st percentile

0.05x

Higher debt load relative to assets than 71% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

71st percentile

0.03x

Higher debt load relative to revenue than 71% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

81st percentile

$16,875

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

95th percentile

204%

Faster asset growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

84th percentile

44%

Faster revenue growth than 84% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2014

Assets

Up

$231,698

Up $155,410 (+204%) from 2013

Net Assets

Up

$221,051

Up $145,367 (+192%) from 2013

Liabilities

Up

$10,647

Up $10,043 (+1663%) from 2013

Revenue

$353,666

No earlier filing loaded for comparison.

Expenses

Up

$208,755

Up $22,635 (+12%) from 2013

Net Income

$144,911

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2012: $56,852Liabilities 2012: $7,621Net Assets 2012: $49,2312012Assets 2013: $76,288Liabilities 2013: $604Net Assets 2013: $75,6842013Assets 2014: $231,698Liabilities 2014: $10,647Net Assets 2014: $221,0512014Assets 2015: $274,390Liabilities 2015: $9,497Net Assets 2015: $264,8932015Assets 2016: $383,233Liabilities 2016: $4,305Net Assets 2016: $378,9282016Assets 2017: $391,162Liabilities 2017: $8,381Net Assets 2017: $382,7812017Assets 2018: $355,157Liabilities 2018: $52,962Net Assets 2018: $302,1952018Assets 2019: $388,146Liabilities 2019: $120,605Net Assets 2019: $267,5412019Assets 2020: $559,015Liabilities 2020: $30,497Net Assets 2020: $528,5182020Assets 2021: $715,587Liabilities 2021: $9,677Net Assets 2021: $705,9102021Assets 2022: $631,681Liabilities 2022: $17,202Net Assets 2022: $614,4792022Assets 2023: $653,924Liabilities 2023: $10,157Net Assets 2023: $643,7672023Assets 2024: $643,106Liabilities 2024: $5,763Net Assets 2024: $637,3432024

Highlighted filing

2014

Assets$231,698
Liabilities$10,647
Net Assets$221,051

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $170,787Expenses 2012: $174,515Net Income 2012: -$3,7282012Expenses 2013: $186,1202013Revenue 2014: $353,666Expenses 2014: $208,755Net Income 2014: $144,9112014Revenue 2015: $252,209Expenses 2015: $211,448Net Income 2015: $40,7612015Revenue 2016: $260,806Expenses 2016: $182,600Net Income 2016: $78,2062016Revenue 2017: $195,814Expenses 2017: $232,115Net Income 2017: -$36,3012017Revenue 2018: $200,290Expenses 2018: $246,518Net Income 2018: -$46,2282018Revenue 2019: $195,501Expenses 2019: $226,758Net Income 2019: -$31,2572019Revenue 2020: $472,737Expenses 2020: $201,867Net Income 2020: $270,8702020Revenue 2021: $367,528Expenses 2021: $175,010Net Income 2021: $192,5182021Revenue 2022: $254,278Expenses 2022: $198,013Net Income 2022: $56,2652022Revenue 2023: $233,644Expenses 2023: $226,773Net Income 2023: $6,8712023Revenue 2024: $116,939Expenses 2024: $219,388Net Income 2024: -$102,4492024

Highlighted filing

2014

Revenue$353,666
Expenses$208,755
Net Income$144,911
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 31, 2014
Return Version
2013v3.0
Gross Receipts
$353,666
Mission and Program Overview

Mission

The mission of the colorado springs choral society is to serve the pikes peak region by celebrating the human voice in song and its power to rejoice, console, educate, enrich, unite and inspire. The society produces four to five choral performances per year.

Provide cultural enrichment through choral programs in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$38,878$125,398▲ $86,520
Cash and Non-Interest-Bearing Accounts$27,459$98,817▲ $71,358
Land, Buildings, and Equipment, Net$7,608$5,512▼ $2,096
Prepaid Expenses and Deferred Charges$1,051$1,024▼ $27
Accounts Receivable$392$742▲ $350
Inventories for Sale or Use$900$205▼ $695
Total Assets$76,288$231,698▲ $155,410
Liabilities
Accounts Payable and Accrued Expenses$604$10,647▲ $10,043
Total Liabilities$604$10,647▲ $10,043
Net Assets / Fund Balance
Unrestricted Net Assets$71,184$169,432▲ $98,248
Temporarily Rstr Net Assets$4,500$51,619▲ $47,119
Total Net Assets Fund Balance$75,684$221,051▲ $145,367
Total Liabilities and Net Assets / Fund Balance$76,288$231,698▲ $155,410

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,512$14,843$20,355
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
James SenaExecutive DirectorPT$16,875$16,875

Board Members and Trustees

NameTitle
Ken MyersChair
Chris StrakaMembership President
Diane M Olivieri2nd Vice Chair
John UnderwoodVice Chair
Karen ReinkingMembership Vice President
E Marie GardnerAssistant Secretary
David WattsMember
Joe PickleMember
Kristie HawkinsMember
Marjorie RappMember
Mark DempseyMember
Richard HiltMember
Sarah Groh CorreaMember
Susanna KellandMember
Tom LehreckeMember
Cristina BassettMembership
Judy KramerSecretary
Kipper FulghumTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$293,935
Program Service Revenue
$58,195
Investment Income
$0
Other Revenue
$1,536
All Other Contributions
$285,520
Change in Net Assets
$144,911

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$40,214Fair Market Value
Total Noncash Contributions2$40,214-

Audited Revenue Reconciliation

Revenue per Audited Statements
$353,666
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$726
Total Revenue per Audited Statements
$354,392
Total Revenue per Form 990
$353,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$120,800
Other Expenses$87,955
Total Fundraising Expense$15,409
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$52,917$25,336$3,962$82,215
Current Officers, Directors, Trustees, and Key Employees$27,900$600$1,500$30,000
All Other Expenses$20,370$5,901$217$26,488
Occupancy$6,059$10,800-$16,859
Payroll Taxes$3,148$5,437-$8,585
Advertising$4,729$3,232-$7,961
Other Expenses$4,598$298$9,730$4,598
Office Expenses$367$3,751-$4,118
Fees for Services Accounting-$2,800-$2,800
Depreciation Depletion-$2,096-$2,096
Insurance-$531-$531
Total Functional Expenses$132,564$60,782$15,409$208,755

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$209,025
Expenses per Audited Statements$208,755
Total Expenses per Form 990$208,755
Expenses Not Reported on Form 990$270
Expenses Not Reported on Financial Statements$0
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The society is a membership organization.

Form 990, Part VI, Section A, Line 7A

Members of the coloardo springs choral society can elect certain members to the board in accordance with the bylaws of the coloardo springs choral society.

Form 990, Part VI, Section A, Line 8B

All committees are advisory; no committees have the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

This document is circulated to the executive director and financial personnel for review. The preliminary audit report is reviewed by the executive director and financial personnel, followed by the 990 and final audit report. The executive director will advise the board of any issues. This process has not changed from the prior year.

Form 990, Part VI, Section B, Line 15B

Ceo, executive director, or top management official - search committee makes a recommendation to the board of directors based on executive director compensation history and comparisons to other nfps. Other officers or key employees - determined by executive director based on comparisons to otehr nfps.

Form 990, Part VI, Section C, Line 18

The organization's 990 and all forms available for public inspection are available at the organization's office during normal business hours.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available for public inspection at the organization's office during normal business hours.

Filing and Contact Details

Filer

EIN
84-0593557
Phone
7196343737

Signing Officer

Name
James Sena
Title
Executive Director
Phone
7196343737
Signed
2014-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Sena
Formed
1956
Legal Domicile
Co
Voting Board Members
18
Independent Board Members
18
Employees
9
Volunteers
120

Preparer

Preparer
Kenneth E Waugh CPA
Phone
7195909777
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Music rent & purchase: program service expenses 4,327. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,327. Postage: program service expenses 3,104. Management and general expenses 953. Fundraising expenses 0. Total expenses 4,057. Recording fee: program service expenses 3,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,400. Chamber singers x-vox: program service expenses 3,191. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,191. Equipment rental and maintenance: program service expenses 1,749. Management and general expenses 596. Fundraising expenses 0. Total expenses 2,345. Scenery, props, lighting: program service expenses 1,950. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,950. Miscellaneous: program service expenses 260. Management and general expenses 861. Fundraising expenses 27. Total expenses 1,148. Bank charges: program service expenses 154. Management and general expenses 588. Fundraising expenses 190. Total expenses 932. Investment management fees: program service expenses 0. Management and general expenses 779. Fundraising expenses 0. Total expenses 779. Mail room fees: program service expenses 752. Management and general expenses 0. Fundraising expenses 0. Total expenses 752. Sales tax expense: program service expenses 0. Management and general expenses 663. Fundraising expenses 0. Total expenses 663. Workers compensation: program service expenses 0. Management and general expenses 590. Fundraising expenses 0. Total expenses 590. Dues and workshops: program service expenses 0. Management and general expenses 447. Fundraising expenses 0. Total expenses 447. Ticket and box office: program service expenses 445. Management and general expenses 0. Fundraising expenses 0. Total expenses 445. Website: program service expenses 0. Management and general expenses 399. Fundraising expenses 0. Total expenses 399. Royalties: program service expenses 311. Management and general expenses 0. Fundraising expenses 0. Total expenses 311. Costumes: program service expenses 204. Management and general expenses 0. Fundraising expenses 0. Total expenses 204. Meetings: program service expenses 200. Management and general expenses 0. Fundraising expenses 0. Total expenses 200. Member recognition: program service expenses 157. Management and general expenses 0. Fundraising expenses 0. Total expenses 157. Photos: program service expenses 100. Management and general expenses 0. Fundraising expenses 0. Total expenses 100. Education: program service expenses 66. Management and general expenses 0. Fundraising expenses 0. Total expenses 66. Internet: program service expenses 0. Management and general expenses 25. Fundraising expenses 0. Total expenses 25.

Financial Statement Notes

PART X, LINE 2:

The society qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code and, accordingly, is not subject to federal income tax. Accordingly, no income tax provision has been recorded. The society's income tax filings for the years ending 2011 to 2014 are subject to examination by various taxing authorities, generally for three years after the date filed. Management of the corporation believes that it does not have any uncertain tax positions that are material to the financial statements.

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