2024-05-08T15:03:45-05:00 2023-06-30 450250958 EIDE BAILLY LLP 2950 E HARMONY RD STE 290 FORT COLLINS CO 805283429 990 2022-07-01 846038137 COLORADO BALLET COLO 3038378888 1075 SANTA FE DRIVE DENVER CO 80204 SAMEED AFGHANI EXECUTIVE DIRECTOR 3038378888 2024-05-08 1 SAMEED AFGHANI XXX-XX-XXXX 1 KYLE FRITCH CPA P01313374 9702238825 2024-05-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SAMEED AFGHANI 1075 SANTA FE DRIVE DENVER CO 80204 15972949 0 X WWW.COLORADOBALLET.ORG X 1961 CO PRESENTING CLASSICAL BALLET & INNOVATIVE DANCE THAT ENHANCES THE CULTURAL LIFE OF OUR COMMUNITY. 47 47 327 75 3002 0 8433042 4405973 7064037 9248808 29535 302302 45897 1724974 15572511 15682057 173630 245025 0 0 5809767 6762114 24000 30700 966291 5172168 6046316 11179565 13084155 4392946 2597902 17371556 19078285 2792024 2140236 14579532 16938049 X COLORADO BALLET'S MISSION IS TO PRESENT EXCEPTIONAL CLASSICAL BALLET AND CONTEMPORARY DANCE THROUGH PERFORMANCES, TRAINING, EDUCATION AND COMMUNITY ENGAGEMENT WHILE INSPIRING AND GROWING AN INCREASINGLY DIVERSE AUDIENCE BASE. 0 0 7257827 6598687 PERFORMANCES:UNDER THE LEADERSHIP OF ARTISTIC DIRECTOR GIL BOGGS AND HIS ARTISTIC TEAM, COLORADO BALLET COMPANY REMAINS COMMITTED TO PRODUCING THE HIGHEST QUALITY DANCE. EACH SEASON, THE COMPANY PERFORMS TECHNICALLY CHALLENGING CLASSICAL BALLET AS WELL AS INNOVATIVE CONTEMPORARY PREMIERES. THE COMPANY'S 35 PROFESSIONAL DANCERS COME FROM ALL OVER THE WORLD, INCLUDING JAPAN, MEXICO, CUBA, CANADA, FRANCE, COLOMBIA, AND THE UNITED STATES. ADDITIONALLY, THE STUDIO COMPANY PROVIDES BETWEEN 20 AND 25 YOUNG DANCERS WITH TRAINING AND PERFORMANCE OPPORTUNITIES AS A START TO A PROFESSIONAL CAREER IN BALLET. 2096581 245025 2791506 EDUCATION AND ACADEMY:COLORADO BALLET ENHANCES THE CULTURAL LIFE OF COLORADO THROUGH EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS THAT SERVE STUDENTS, TEACHERS, FAMILIES, PEOPLE WITH DISABILITIES, AND LIFELONG LEARNERS IN COLORADO. OUR MISSION IS SIMPLE - EVERY. BODY. DANCE! OUR GOAL IS TO MAKE DANCE ACCESSIBLE TO EVERYONE, TO PROMOTE DANCE AND MOVEMENT AS PART OF A HEALTHY LIFESTYLE, TO ENCOURAGE CREATIVITY AND EXPRESSION THROUGH DANCE, AND FOSTER AN APPRECIATION FOR BALLET. COLORADO BALLET'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS MADE APPROXIMATELY 49,000 COMMUNITY CONTACTS DURING THE 2022-2023 SEASON.(CONTINUED ON SCHEDULE O)COLORADO BALLET ACADEMY PROVIDES TRAINING TO STUDENTS AGED THREE THROUGH ADULT, BEGINNER THROUGH PROFESSIONAL. THE ACADEMY'S UNIQUE CURRICULUM BLENDS ELEMENTS OF THE RUSSIAN, FRENCH, AND ITALIAN SCHOOLS ACCORDING TO AGE AND PHYSICAL DEVELOPMENT, RESULTING IN FINISHED DANCERS WITH CLEAN AND VIRTUOSIC TECHNIQUE, BRILLIANT ARTISTRY, STYLISTIC VERSATILITY, AND THE PROWESS TO THRIVE IN THE DIVERSE CHOREOGRAPHIC DEMANDS OF TODAY. THE ACADEMY HAS HONED THE DANCE SKILLS OF THOUSANDS OF STUDENTS, AS WELL AS STARTED THE CAREERS OF MANY PROFESSIONAL DANCERS. THE ACADEMY AWARDED $245,000 IN SCHOLARSHIPS TO DESERVING STUDENTS DURING THE 2022-2023 SEASON. 9354408 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 72 0 1 327 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 47 47 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 CO X X SAMEED AFGHANI 3038378888 1075 SANTA FE DRIVE DENVER CO 80204 MICHELLE MOORMAN APPLEGATE- CO- CHAIR/LONG RANGE PLANNING CO-CHAIR 2.00 0.25 X X 0 0 0 BRENT BACKES CO-CHAIR 2.00 0.25 X X 0 0 0 JOANNE ZBOYAN- SEC EDUCATION & COMM. ENGAGEMENT CO-CHAIR 2.00 0.00 X X 0 0 0 CURT HOCKEMEIER FINANCE CO-CHAIR 2.00 0.25 X X 0 0 0 GEOFF LONG FINANCE CO-CHAIR 2.00 0.25 X X 0 0 0 DENISE SANDERSON CAMPAIGN CHAIR/TRUSTEE 2.00 0.25 X 0 0 0 MERRY LOGAN ADVANCEMENT CO-CHAIR/TRUSTEE 2.00 0.00 X 0 0 0 ALYSON GRAVES ADVANCEMENT CO-CHAIR/TRUSTEE 2.00 0.00 X 0 0 0 TIMOTHY MOTTET EDUCATION & COMMUNITY ENG. CO-CHAIR 2.00 0.00 X 0 0 0 ELIZABETH KATKIN LONG RANGE PLANNING CO-CHAIR/TRUSTEE 2.00 0.00 X 0 0 0 RAYDEAN ACEVEDO ACADEMY CO-CHAIR/TRUSTEE 2.00 0.00 X 0 0 0 HOLLY BAROWAY ACADEMY CO-CHAIR/TRUSTEE 2.00 0.00 X 0 0 0 RICHARD KYLBERG- MARKETING & PUBLIC RELATIONS CO-CHAIR/TRUSTEE 2.00 0.00 X 0 0 0 WILLIAM HARTMAN- MARKETING & PUBLIC RELATIONS CO-CHAIR/TRUSTEE 2.00 0.00 X 0 0 0 COLLEEN CURRAN BOARD GOVERNANCE CO-CHAIR/TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL KORENBLAT BOARD GOVERNANCE CO-CHAIR/TRUSTEE 2.00 0.00 X 0 0 0 CHRISTIE DEL CIOTTO AUXILIARY CO-PRESIDENT/TRUSTEE 1.00 0.00 X 0 0 0 MYRA SKINNER AUXILIARY CO-PRESIDENT/TRUSTEE 1.00 0.00 X 0 0 0 SUSAN BAILEY TRUSTEE 0.25 0.25 X 0 0 0 GREG LAUGERO TRUSTEE 0.25 0.25 X 0 0 0 HEATHER BEISER TRUSTEE 0.25 0.00 X 0 0 0 ANN FRICK TRUSTEE 0.25 0.00 X 0 0 0 KAYE FERRY TRUSTEE 0.25 0.00 X 0 0 0 JEAN ARMSTRONG TRUSTEE 0.25 0.00 X 0 0 0 ANNE M HILLARY TRUSTEE 0.25 0.00 X 0 0 0 GAIL KASSAN TRUSTEE 0.25 0.00 X 0 0 0 JANE NETZORG TRUSTEE 0.25 0.00 X 0 0 0 JOANNE POSNER-MAYER TRUSTEE 0.25 0.00 X 0 0 0 CHRISTINA RAYA TRUSTEE 0.25 0.25 X 0 0 0 LEXIE RHODES TRUSTEE 0.25 0.00 X 0 0 0 DOUGLAS RICHARDS TRUSTEE 0.25 0.00 X 0 0 0 CHERI RUBIN TRUSTEE 0.25 0.00 X 0 0 0 RICHARD SAUNDERS TRUSTEE 0.25 0.00 X 0 0 0 SUZAN SCHLATTER TRUSTEE 0.25 0.00 X 0 0 0 BRAD SONNENBERG TRUSTEE 0.25 0.00 X 0 0 0 NANCY STEVENS TRUSTEE 0.25 0.00 X 0 0 0 BERNEE STROM TRUSTEE 0.25 0.25 X 0 0 0 LISA LEVIN APPEL TRUSTEE 0.25 0.00 X 0 0 0 ELIZABETH ARMSTRONG TRUSTEE 0.25 0.00 X 0 0 0 ANNA BATES TRUSTEE 0.25 0.00 X 0 0 0 MARY LOU BLACKLEDGE-KORTZ TRUSTEE 0.25 0.00 X 0 0 0 CHRISTIN CRAMPTON DAY TRUSTEE 0.25 0.00 X 0 0 0 SANDY ELLIOTT TRUSTEE 0.25 0.00 X 0 0 0 HENNY LASLEY TRUSTEE 0.25 0.00 X 0 0 0 DAVID RAMSAY TRUSTEE 0.25 0.00 X 0 0 0 LISA SNIDER TRUSTEE 0.25 0.00 X 0 0 0 JIM RUH TRUSTEE 0.25 0.00 X 0 0 0 MOLLY WINK TRUSTEE 0.25 0.00 X 0 0 0 GLENN BOGGS ARTISTIC DIRECTOR 40.00 0.00 X 228557 0 29896 MARK CHASE- MANAGING DIRECTOR - OPERATIONS/FINANCE (THRU JAN '23) 40.00 0.25 X 100207 0 1962 SAMEED AFGHANI EXECUTIVE DIRECTOR (AS OF FEB '23) 40.00 0.25 X 0 0 0 KAREN SUMNER CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 161844 0 5032 ERICA FISCHBACH DIRECTOR OF ACADEMY 40.00 0.00 X 110576 0 11377 601184 0 48267 4 0 1 0 0 425810 2123113 1857050 27992 4405973 PERFORMANCE REVENUE 711120 6499604 6499604 ACADEMY TUITION & FEES 711120 2748874 2748874 330 330 9248808 282533 282533 42632 0 42632 42632 42632 20555 786 19769 19769 19769 138205 425810 150959 -12754 -12754 301071 139147 161924 158922 3002 EMPLOYEE RETENTION CREDIT 900099 1593341 1593341 LOSS FROM INVESTMENT IN OZ BALLET 900099 -60169 -60169 1533172 15682057 9390193 3002 1882889 X 245025 245025 605975 280968 144898 180109 70289 70289 5211353 4236533 705135 269685 174231 153077 15190 5964 274582 245065 29517 425684 331114 61619 32951 2143 2143 48255 48255 30700 30700 1694072 1375271 248753 70048 694174 694174 176014 25484 143395 7135 155293 46238 94095 14960 632374 601166 28054 3154 132710 124690 4616 3404 23404 16418 6611 375 396703 79623 292898 24182 300206 112154 188052 719659 652001 44760 22898 STUDENT ACTIVITIES & PE 339854 339854 DONOR STEWARDSHIP CULTI 98010 153 1859 95998 PRODUCTION EXPENSE 65216 65216 BAD DEBT 28307 24608 3699 539922 329461 5733 204728 13084155 9354408 2763456 966291 9451119 11824745 247438 238576 20114 49391 35523 31010 190367 192327 9451270 2751149 6793662 6700121 102284 42115 531049 0 17371556 19078285 603099 592541 1460025 1547695 728900 0 2792024 2140236 X 14108251 16603105 471281 334944 14579532 16938049 17371556 19078285 X 2597902 291664 -531049 X 0 1 X 1 0 X 3074814 3327496 5828092 8433042 4405973 25069417 7733230 6552203 1046791 7274030 9532242 32138496 10808044 9879699 6874883 15707072 13938215 57207913 684322 717308 623058 540180 610685 3175553 0 684322 717308 623058 540180 610685 3175553 54032360 59300 96970 9294 41036 325165 531765 59300 96970 9294 41036 325165 531765 21916 7787 1904 3002 34609 10889260 9984456 6884177 15750012 14266382 57774287 0.93520 0.93180 0.00920 0.00450 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INSURANCE REIMBURSEMENT - RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 417450 417450 6089337 1386811 4702526 8564 4299 4265 2935919 1360039 1575880 6700121 X 15938296 291664 178018 -28587 441095 15497201 184856 184856 15682057 13077317 178018 60169 238187 12839130 245025 245025 13084155 PART X, LINE 2: THE ORGANIZATION BELIEVES THAT THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING THE BALLET'S ANNUAL FILING REQUIREMENTS, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. THE BALLET'S FORMS 990, 990-T AND OTHER INCOME TAX FILINGS REQUIRED BY STATE, LOCAL, OR NON-U.S. TAX AUTHORITIES ARE NO LONGER SUBJECT TO TAX EXAMINATION FOR YEARS BEFORE 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION -28,587. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS FROM INVESTMENT IN OZ BALLET -60,169. TUITION ASSISTANCE NETTED WITH INCOME ON FINANCIALS 245,025. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS FROM INVESTMENT IN OZ BALLET 60,169. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE NETTED WITH INCOME ON FINANCIALS 245,025. X X X X X X X 1 ALLIE COPPEAK 5200 S ULSTER STREET STE 1811 GREENWOOD VILLAGE CO 80111 FUNDRAISING CONSULTING FOR MAJOR DONORS AND APPRECIATION EVE 0 206595 30700 175895 206595 30700 175895 CO BALLETO DI GALA 522860 425810 97050 3154 71526 4927 65742 SP BALL 31675 31675 5609 1 6400 6400 560935 425810 135125 3154 71526 4927 71351 150958 -15833 SCHEDULE G, PART I, LINE 2B, COLUMN (V) COLORADO 1 TUITION ASSISTANCE 109 245025 PART I, LINE 2: SCHOLARSHIPS ARE AVAILABLE TO ACCEPTED STUDENTS IN THE BALLET PROGRAMS AT COLORADO BALLET ACADEMY. SCHOLARSHIP AWARDS ARE AT THE SOLE DISCRETION OF COLORADO BALLET AND ARE AWARDED FOR THE ENTIRE ACADEMY YEAR AS WELL AS SINGLE SESSIONS. SCHOLARSHIPS ARE GOOD TOWARDS TUITION AND MAY OR MAY NOT INCLUDE REGISTRATION FEES, BUT DO NOT INCLUDE PRODUCTION, COSTUME, OR AUDITION FEES. AWARDS ARE BASED ON THE OVERALL ACADEMY BUDGET FOR ANY YEAR AND CAN RANGE FROM PARTIAL OR FULL TUITION AWARDS. GRANTEES MUST COMPLETE AN APPLICATION, WHICH IS REVIEWED BY THE COLORADO BALLET ACADEMY. X X X 0 0 0 0 0 0 0 1 0 GLENN BOGGS ARTISTIC DIRECTOR 226466 0 2091 0 0 0 8596 0 21422 0 258575 0 0 0 KAREN SUMNER CHIEF ADVANCEMENT OFFICER 160353 0 1491 0 0 0 0 0 5154 0 166998 0 0 0 PART I, LINE 7 THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF AS IDENTIFIED BY THE BOARD TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2022, THE BOARD OF TRUSTEES AWARDED BONUSES BASED ON REVIEW OF EACH INDIVIDUAL'S PERFORMANCE AND SERVICES TO THE ORGANIZATION. SANDRA BROWN FAMILY MEMBER OF AN OFFICER 70289 EMPLOYMENT 0 X 1396 SALES RECEIPTS X 1 26596 SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 1A THE ORGANIZATION IS MANAGED BY AN EXECUTIVE COMMITTEE COMPRISED OF THE CHAIRMAN, SECRETARY, TREASURER, COMMITTEE CHAIRS, AND SUCH OTHER TRUSTEES AS MAY BE APPOINTED BY THE CHAIRMAN. THE CHAIRMAN SHALL APPOINT THE OTHER MEMBERS OF THE EXECUTIVE COMMITTEE SUBJECT TO APPROVAL BY RESOLUTION ADOPTED BY THE BOARD OF TRUSTEES. EACH MEMBER OF THE EXECUTIVE COMMITTEE SHALL BE A TRUSTEE OF THE ORGANIZATION. THE EXECUTIVE COMMITTEE, WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION, SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD OF TRUSTEES EXCEPT TO THE EXTENT, IF ANY, THAT SUCH AUTHORITY SHALL BE LIMITED BY THE RESOLUTION APPOINTING THE EXECUTIVE COMMITTEE AND EXCEPT ALSO THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO AMEND THE ARTICLES OF INCORPORATION, ADOPT A PLAN OF MERGER OR CONSOLIDATION, CONDUCT THE SALE, LEASE, OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE ORGANIZATION, CAUSE A VOLUNTARY DISSOLUTION OF THE ORGANIZATION OR A REVOCATION THEREOF, OR AMENDING BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE PERFORMS A DETAILED REVIEW OF THE FORM 990. UPON COMPLETION OF THE FINANCE COMMITTEE'S REVIEW, A FINAL DRAFT IS E-MAILED TO THE ENTIRE GOVERNING BODY FOR FINAL APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS/TRUSTEES, PRINCIPAL OFFICERS, AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS. EACH DIRECTOR/TRUSTEE, PRINCIPAL OFFICER, AND MEMBER OF COMMITTEES WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT. THE EXECUTIVE COMMITTEE SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING SUCH OTHER ACTIONS AS ARE NECESSARY FOR EFFECTIVE OVERSIGHT. THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS REVIEWED BY THE BOARD OF TRUSTEES AND/OR EXECUTIVE COMMITTEE. IF CONFLICTS ARE DETERMINED, THE PERSON WITH THE CONFLICT IS EXCLUDED FROM THE MEETING/DECISIONS AND WILL REFRAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE ARTISTIC DIRECTOR, MANAGING DIRECTOR OF OPERATIONS AND FINANCE, AND MANGING DIRECTOR OF ADVANCEMENT IS CONDUCTED ANNUALLY BY THE BOARD OF TRUSTEES. COMPENSATION LEVELS ARE DETERMINED BASED ON REVIEW OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN SIMILARLY SITUATED ORGANIZATIONS AS WELL AS THE INDIVIDUAL'S PERFORMANCE. OTHER EMPLOYEES' COMPENSATION AMOUNTS ARE DETERMINED AT THE DISCRETION OF EITHER THE ARTISTIC DIRECTOR OR THE MANAGING DIRECTORS, OR BOTH IN CONSULTATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, THE ORGANIZATION'S STATEMENT OF ACTIVITIES CAN BE FOUND IN THE ANNUAL REPORT ON THE COMPANY'S WEBSITE. FORM 990, PART IX, LINE 11G CHOREOGRAPHER FEES: PROGRAM SERVICE EXPENSES 1,375,271. MANAGEMENT AND GENERAL EXPENSES 248,753. FUNDRAISING EXPENSES 70,048. TOTAL EXPENSES 1,694,072. FORM 990, PART XI, LINE 9: CHANGE IN VALUE BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION -28,587. DISTRIBUTION OF ENDOWMENT ASSETS TO COLORADO BALLET FOUNDATION -502,462. 1075 SANTA FE DRIVE LLC 1075 SANTA FE DRIVE DENVER CO 80204 461871934 OWN AND OPERATE COLORADO BALLET FACILITY CO 0 5124241 COLORADO BALLET COLORADO BALLET FOUNDATION 1075 SANTA FE DRIVE DENVER CO 80204 880511457 SUPPORT COLORADO BALLET CO 501(C)(3) LINE 12A, I COLORADO BALLET 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0