VENU Arts and Culture Foundation

What it reported doing in 2025

The organization has been formed for the primary purpose of promoting arts and culture within the state of Colorado. The organization will use, for charitable purposes, the recently-constructed sunset amphitheater located in Colorado springs, Colorado. The organization's focus is to provide a platform for up-and-coming musicians and nonprofit performing arts organizations in an effort to support and foster community music and musicians within the state of Colorado.in addition to producing free community concerts and events, the organization will from time to time make grants to other section 501(c)(3) organizations that further the organization's charitable purposes of promoting arts and culture in the state of Colorado. Recipient organizations will be selected by the organization's board of directors to ensure consistency with the organization's charitable purposes and endeavors. Particular recipients have yet to be selected. Such recipients, and the timing and amount of support to each grantee, will be determined by the organization's board of directors. The organization's board of directors will also establish and adopt any processes and documentation to support and inform grantmaking activities once such activities commence.finally, the organization intends to develop and deliver educational programs to local schools in promotion of professional opportunities in the performing arts. For example, the organization currently plans to present free classes at local schools on various aspects of the music industry, such as how an individual can build a career as a professional musician and the evolution of the music industry. The goal of these seminars is to empower and inform students so that they can envision a viable career in the performing arts.

Financial Efficiency

• Mission deployment rate: 76.5%; rating input score 76
• Program expense ratio: 95.4%; rating input score 95
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90.9%; rating input score 91; 10th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 49.9%; rating input score 50; 33rd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 2 of 7 controls in place; rating input score 29
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 19.8%; rating input score 72; 72nd percentile among comparable filings
• Total-asset coverage ratio: 0.28; rating input score 14; 14th percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 47; 47th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 197.6% per year; rating input score 100; 100th percentile among comparable filings
• Asset growth: 189.6% per year; rating input score 100; 100th percentile among comparable filings