Colorado Springs Community Culture Collective at the Auditorium

Nonprofit profile at a glance

EIN
854312784
IRS 990 coverage
2021–2022
Forms available
Form 990 2022
Location
Colorado Springs, CO, USA
Phone
7192004463
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$2,382,005
Expenses
$4,946,791
Assets
$79,904
Liabilities
$585,546

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

10 people listed

Highest reported compensation

  • LINDA WEISE (OFFICER): $67,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To create a true city facility affording access to all citizens for the purposes of relevant, inspired and thoughtful works of the human spirit - a collective and business community "for the use of the people and the glory of the city"

What it reported doing in 2022

While working toward final stages of Design/Development of the Colorado Springs City Auditorium, the CSCCC was awarded an Innovation Grant from the Pikes Peak Workforce Center to support the launch of the Creative Workforce Programs that are an integral part of the overarching Business Plan. The real life/ real time, earn and learn programs were set into motion in spaces and sites offsite both at the City Auditorium and offsite. Mentors and student cohort were recruited from across the region. Creative sector programs were launched to address a deficit in industry sectors hard hit by the pandemic. CSCCC placed these programs under the umbrella in name only as Opus Creative Industries and successfully launched its Culinary/Hospitality Benchmark program, Media Arts and Creative Technologies, and Early Childhood Enrichment. CSCCC continues to both present and produce programming both on site at the City Auditorium and offsite at outreach sites. The Opus programs were able to begin effectively supporting some of these ongoing activities. The Opus programs were able to continue to grow and evolve as most had already begun outside of the physical plant of the Auditorium

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 92
  • Accountability: 73
  • Sustainability: 10
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 76.7%; rating input score 77
  • Fundraising efficiency: $9.31 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 21st percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -107.7%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 7.33; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 79; 79th percentile among comparable filings

Growth

  • Program expense growth: 179.7% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: -23.6% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -189.2% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 76.7% of spending went to programs
  • Governance: 9 of 10 board members independent · 4 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $3.8M in reported program spending
  • Leadership: top reported pay $68K · 10 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 2 filing years from 2021 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.