2024-02-05T19:13:04-06:00 2023-07-31 271433452 CRADY PUCA & ASSOCIATES 6140 S GUN CLUB RD STE K6-281 AURORA CO 80016 990 2022-08-01 742275546 ROCKY MOUNTAIN ARTS ASSOCIATION ROCK 3033253959 700 COLORADO BLVD 325 DENVER CO 80206 STEPHEN HUTT TREASURER 3033253959 2024-02-05 1 STEPHEN HUTT 999009999 0 LAURA M PUCA P01067688 7203189964 2024-02-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHEN HUTT 700 COLORADO BLVD 325 DENVER CO 80206 773769 0 X WWW.RMARTS.ORG X 1982 CO BUILDING COMMUNITY THROUGH MUSIC. 7 7 4 14 0 0 543405 434031 180437 326577 929 3460 1125 1715 725896 765783 0 0 0 0 234660 257751 0 0 76162 438942 520925 673602 778676 52294 -12893 778773 766380 16974 17474 761799 748906 BUILDING COMMUNITY THROUGH MUSIC 0 0 578967 328292 RMAA MANAGED AND PRODUCED 7 TICKETED CONCERT SERIES, RESULTING IN 21 DGMC AND DWC CONCERTS. IN ADDITION, OUTREACH PERFORMANCES AT THE MUSEUM OF NATURE AND SCIENCE, NUGGETS AND AVALANCHE GAMES, AS WELL AS THE IMPERIAL COURT OF THE ROCKY MOUNTAIN EMPIRE, RESULTED IN OVER 65,000 PATRONS HEARING THE CHORUSES OR ITS ENSEMBLES LIVE. 3 OF THE TICKETED CONCERT SERIES BROKE RMAA TICKET-INCOME RECORDS. RMAA PARTNERED WITH OVER 6 OTHER NON-PROFITS THIS YEAR, INCLUDING OUTBOULDER AND 360 COLORADO, AND INCLUDED PERFORMANCE WITH RUPAUL DRAG RACE WINNER, LOCAL FAVORITE, YVIE ODDLY. 578967 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 31 1 1 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 0 0 X X THE ORGANIZATION 3033253959 700 COLORADO BLVD 325 DENVER CO 80206 STEPHEN HUTT TREASURER 4.00 X X 0 0 0 SCOTTE HOERLE DIRECTOR, PRESIDENT DGMC 1.00 X 0 0 0 JOHN HESS VICE CHAIR 2.00 X X 0 0 0 NATALYA CRUZ-TEIXEIRA DIRECTOR 1.50 X 0 0 0 IVY MOE DIRECTOR, PRESIDENT DWC 1.00 X 0 0 0 RYAN MONTOYA DIRECTOR 2.00 X 0 0 0 MARCUS TURNER CHAIR 3.00 X X 0 0 0 JAMES HENDERSON SECRETARY 2.00 X X 0 0 0 MICHAEL SATTLER EXECUTIVE DIRECTOR 40.00 X 72385 0 0 72385 0 0 0 0 0 0 0 X 87968 16603 105652 223808 1199 434031 TICKET SALES 711130 288772 288772 RETREAT INCOME 900099 35255 35255 ADVERTISING INCOME 541800 2550 2550 326577 3460 3460 7986 16603 7986 0 OTHER 900099 1715 1715 1715 765783 328292 0 3460 X 78637 39319 19659 19659 144381 103761 29406 11214 5636 3607 1240 789 11314 8130 2094 1090 17783 11381 3912 2490 35140 35140 109803 72503 15436 21864 9122 6124 1832 1166 44717 22128 8209 14380 4125 2640 908 577 19882 18272 984 626 864 553 190 121 3721 2382 819 520 9929 6712 2474 743 PRODUCTION EXPENSES 229988 229988 RETREAT AND MEMBERSHIP 40109 40109 MISCELLANEOUS 8356 6319 1244 793 OTHER CHORAL RELATED EX 5169 5039 130 778676 578967 123547 76162 X 255233 241593 489714 492948 1489 2256 18057 19024 50015 39456 14280 10559 778773 766380 11291 17114 2575 360 3108 0 16974 17474 X 750179 715069 11620 33837 761799 748906 778773 766380 X -12893 0 X X 1 X 0 1 0 X 376259 549919 697645 543405 434031 2601259 212767 128656 176797 324027 842247 17136 13163 2550 32849 606162 691738 697645 720202 760608 3476355 0 0 0 3476355 1605 3460 5065 1605 3460 5065 479 1715 2194 606162 691738 698124 721807 765783 3483614 0.99790 0.99940 0.00150 0.00050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43015 32456 10559 7000 7000 0 10559 X PART X, LINE 2: NO PROVISION FOR INCOME TAXES IS PROVIDED AS RMAA IS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE COLORADO INCOME TAX ACT OF 1964. AS A CHARITABLE ORGANIZATION, ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE, IS SUBJECT TO FEDERAL INCOME TAX. RMAA HAD NO UNRELATED BUSINESS INCOME TAX LIABILITY AT JULY 31, 2023. RMAA HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. CURRENTLY THE YEARS OPEN FOR TAX AUTHORITY EXAMINATION ARE FISCAL YEARS ENDED JULY 31, 2020 THROUGH JULY 31, 2022 (TAX FORMS 2019 THROUGH 2021) BY THE INTERNAL REVENUE SERVICE. HOWEVER, RMAA IS NOT CURRENTLY UNDER AUDIT NOR HAS IT BEEN CONTACTED BY THIS TAXING AUTHORITY. BASED ON THE EVALUATION OF RMAA'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED FOR THE YEAR ENDED JULY 31, 2023. WISH UPON A STAR 24589 16603 7986 690 3446 3850 24589 16603 7986 690 3446 3850 7986 0 1 RMAA LET ITS RAFFLE LICENSE EXPIRE AS IT NO LONGER WISHES TO HOLD RAFFLES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY THE EXECUTIVE DIRECTOR, STAFF ACCOUNTANT, BOARD CHAIR OR TREASURER PRIOR TO FILING. THE FINAL FORM 990 IS SHARED WITH THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12 BOARD, STAFF AND COMMITTEE MEMBERS SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH A CONFLICT OF INTEREST MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS SALARY FOR EXECUTIVE DIRECTOR AND THE ARTISTIC DIRECTORS. THE EXECUTIVE DIRECTOR AND TREASURER DETERMINE SALARIES FOR THE OTHER EMPLOYEES BASED ON SALARIES FOR SIMILAR POSITIONS FROM COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE UPON REQUEST FROM THE ORGANIZATION AND IS AVAILABLE THROUGH SCFD AND GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VIII, LINE 2B RETREATS ARE ORGANIZED FOR MEMBERS AND DESIGNED TO BE A NET 0 EXPENSE (MEMBERS PAY ALL COSTS). DUE TO INCREASED HOTEL COSTS FOLLOWING THE COVID-19 PANDEMIC, EXPENDITURES EXCEEDED INCOME (PART IX LINE 24B). FUNDS FROM PREVIOUS YEARS PROFITS WERE USED TO REDUCE THE FINANCIAL BURDEN OF THESE INCREASES ON MEMBERS. COSTS WILL BE GRADUALLY INCREASED FOR MEMBERS TO MITIGATE THIS IN THE FUTURE. FORM 990, PART IX, LINE 11G PRODUCTION: PROGRAM SERVICE EXPENSES 51,325. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,325. MARKETING CONTRACTOR: PROGRAM SERVICE EXPENSES 21,178. MANAGEMENT AND GENERAL EXPENSES 7,280. FUNDRAISING EXPENSES 21,864. TOTAL EXPENSES 50,322. BOARD CONSULTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,156. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,156. FORM 990, PART X, LINE 27 AT THE CLOSE OF FISCAL YEAR 2023, THERE IS $50,795 IN UNRESTRICTED BOARD DESIGNATED NET ASSETS FOR THE GALA FESTIVAL WHICH WAS TO BE HELD IN MINNEAPOLIS IN 2024. THE FUNDS HAVE BEEN ACCUMULATING SINCE 2008 WHICH WAS THE LAST OUT OF STATE GALA THE CHORUSES ATTENDED. THE EXPENDITURES FOR THE GALA FESTIVAL SHOULD OCCUR IN FISCAL YEAR 2024, USING THE BOARD-DESIGNATED GALA FUNDS TO COVER THE EVENT'S COSTS. DUE TO THE LENGTH OF ACCRUAL OF THESE FUNDS, IT IS NOT ANTICIPATED THAT THEY WILL BE ENTIRELY SPENT IN FISCAL YEAR 2024. FORM 990, PART X, LINE 28 ROCKY MOUNTAIN ARTS ASSOCIATION COMPLETED A FUNDRAISING CAMPAIGN IN HONOR OF A RETIRING ARTISTIC DIRECTOR. THESE FUNDS ARE RESTRICTED TO ACTIVITIES THAT SUPPORT PROGRAMMATIC ELEMENTS - HENCE AN INCREASE IN DONOR-RESTRICTED FUNDS. FORM 990, PART XII, LINE 2C SINCE FY2017, ROCKY MOUNTAIN ARTS ASSOCIATION IS AUDITED EVERY THREE YEARS WITH REVIEWS IN BETWEEN. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE SELECTION OF THE AUDITOR/INDEPENDENT ACCOUNTANT AND APPROVAL OF THE REPORT. THE NEXT FULL AUDIT IS SCHEDULED FOR FISCAL YEAR 2024. FORM 990, PART XI, LINE 3 IN FY23, THE ROCKY MOUNTAIN ARTS ASSOCIATION FACED SEVERAL ONE-TIME EXPENDITURES THAT LED TO AN OVERALL DEFICIT. THESE EXPENSES ENCOMPASSED CONDUCTING A NATIONAL SEARCH FOR AN ARTISTIC DIRECTOR FOR THE DENVER GAY MEN'S CHORUS PROGRAM AND ENGAGING A CONSULTANCY PROGRAM TO AID OUR PANDEMIC RECOVERY STRATEGY, WHICH AIMED TO REALIGN OUR ORGANIZATION WITH OUR STRATEGIC PLAN. TO ADDRESS THIS DEFICIT, WE UTILIZED PROFITS FROM PREVIOUS YEARS AS WELL AS DONOR FUNDS THAT WERE RECEIVED DURING THE COVID-19 PANDEMIC.