2024-08-16T18:09:36-04:00 2023-12-31 841255164 KUNDINGER CORDER & MONTOYA PC 475 LINCOLN STREET SUITE 200 DENVER CO 80203 990 2023-01-01 841201337 CENTRAL CITY OPERA HOUSE ASSOCIATION ENDOWMENT FUND CENT 3032926500 4875 WARD ROAD SUITE 100 WHEAT RIDGE CO 80033 BRIAN WELDON SEC/TREASURER 3032926500 2024-08-16 true true MARIA MONTOYA P01363907 3035345953 2024-08-16 2023 2024-08-08 14:25:15Z JAMES L PALENCHAR 4875 WARD ROAD SUITE 100 WHEAT RIDGE CO 80033 1571831 false X WWW.CENTRALCITYOPERA.ORG X 1992 CO TO SUPPORT THE CENTRAL CITY OPERA HOUSE ASSOCIATION. 6 6 0 7 0 1573974 318394 0 891183 1253437 0 2465157 1571831 1266324 1250000 0 0 0 0 103439 112518 1369763 1362518 1095394 209313 23143462 25389352 22210 87225 23121252 25302127 X CENTRAL CITY OPERA HOUSE ASSOCIATION ENDOWMENT FUND WAS FORMED TO SUPPORT THE CENTRAL CITY OPERA HOUSE ASSOCIATION BY ASSISTING IN ITS HISTORIC PRESERVATION ACTIVITIES, OPERA FESTIVAL, OPERATIC AND OTHER ACTIVITIES. false false 1250000 1250000 DURING 2023, THE ENDOWMENT FUND MADE AN ANNUAL GRANT TO THE ASSOCIATION. GRANTS TO THE ASSOCIATION ARE TO SUPPORT ITS MISSION OF ORGANIZING OPERATIC PERFORMANCES IN CENTRAL CITY, COLORADO AND TO PRESERVE HISTORIC BUILDINGS. 1250000 true true false false false false false false false true true false false false true false true false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true false false false false false X CHUCK CALKINS 3032926500 4875 WARD ROAD SUITE 100 WHEAT RIDGE CO 80033 X J LANDIS MARTIN PRESIDENT 0.50 X X 0 0 0 NANCY S PARKER SEC/TREASURE 0.50 2.00 X X 0 0 0 BOB UNGER DIRECTOR 0.50 X 0 0 0 JAMES L PALENCHAR DIRECTOR 0.50 X 0 0 0 ROOPESH AGGARWAL DIRECTOR 0.50 6.00 X 0 0 0 DR GREGG KVISTAD DIRECTOR 0.50 2.00 X 0 0 0 ANNE MCGONAGLE DIRECTOR 0.50 2.00 X 0 0 0 false false false 318394 318394 762058 762058 491379 491379 491379 491379 1571831 1253437 1250000 1250000 16000 16000 58256 58256 21960 21960 9475 9475 REPAIR AND MAINTENANCE 6705 6705 MISCELLANEOUS EXPENSES 122 122 1362518 1250000 112518 0 17314 10000 56004 800000 174589 131146 65403 43443 23068059 24472591 23143462 25389352 12944 9266 87225 22210 87225 X 2011035 1409469 21110217 23892658 23121252 25302127 23143462 25389352 209313 1971562 X X false true X true false X X 1 CENTRAL CITY OPERA HOUSE ASSOCIATION 846002285 7 true 1250000 0 1 1250000 0 true false false false false false false false false false false false false false false true true true 0 0 0 532218 762058 532218 762058 0 0 57785 58256 0 0 474433 703802 22974026 23635146 2029 0 0 22976055 23635146 0 0 22976055 23635146 344641 354527 22631414 23280619 792099 814822 0 792099 814822 474433 403268 792099 792099 0 792099 1250000 0 0 0 0 0 1250000 1250000 792099 1.000000000000 792099 0 500000 500000 500000 500000 1266324 3266324 0 792099 0 2474225 1250000 0 1250000 0 0 3724225 207901 500000 500000 1266324 1250000 PART IV, SECTION D, LINE 3 THE ENDOWMENT FUND IS RESPONSIVE TO THE NEEDS OF ITS SUPPORTED ORGANIZATION, CENTRAL CITY OPERA HOUSE ASSOCIATION ("THE ASSOCIATION"). ONE OR MORE BOARD MEMBERS OF THE ASSOCIATION ARE ALSO BOARD MEMBERS OR OFFICERS OF THE ENDOWMENT FUNDS BOARD. IN ACCORDANCE WITH THE ENDOWMENT FUNDS BYLAWS, AT LEAST ONE DIRECTOR IS APPOINTED TO THE ENDOWMENT FUNDS BOARD BY CENTRAL CITY OPERA HOUSE ASSOCIATION FROM AMONG ITS CURRENT AND/OR HONORARY BOARD MEMBERS. IN ADDITION, BOARD MEMBERS OF THE ENDOWMENT FUND MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE OFFICERS AND DIRECTORS OF THE ASSOCIATION. BECAUSE OF THIS RELATIONSHIP, THE OFFICERS AND DIRECTORS OF THE ASSOCIATION HAVE THE ABILITY TO INFLUENCE THE INVESTMENT POLICIES OF THE ENDOWMENT FUND, AND THE TIMING AND MANNER OF THE ANNUAL GRANT TO THE ASSOCIATION. THE ENDOWMENT FUNDS CASH SUPPORT TO THE ASSOCIATION IN 2022 TOTALED 1,266,324. THIS REPRESENTS 26% OF THE ASSOCIATIONS TOTAL SUPPORT RECEIVED IN 2022 OF 4,948,109. THE AMOUNT OF SUPPORT RECEIVED BY THE ASSOCIATION FROM THE ENDOWMENT FUND IS NECESSARY TO ENSURE THAT THE ASSOCIATION CAN CARRY OUT ITS MISSION OF PRODUCING OPERAS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23121252 318394 3166743 1250000 28787 25475 25302127 25424927 1573974 -2565571 1266324 22481 23173 23121252 16799083 7819157 1672288 500000 45005 320696 25424827 12751074 3395503 1493341 500000 35061 305774 16799083 10799957 1091316 1722115 500000 22012 340302 12751074 0.05570 0.77230 0.17200 false false 174589 131146 43443 43443 DUE TO CCOH ASSOCIATION 87225 87225 3485137 1971562 1971562 1513575 58256 58256 1571831 1304262 1304262 58256 58256 1362518 SCHEDULE D, PAGE 2, PART V, LINE 4 THE ENDOWMENT FUNDS CONSIST OF INVESTMENTS TO BE HELD INDEFINITELY, THE INCOME FROM WHICH IS EXPENDABLE FOR VARIOUS PROGRAMS AND OPERATIONS OF CENTRAL CITY OPERA HOUSE ASSOCIATION. true CENTRAL CITY OPERA HOUSE ASS 4875 WARD ROAD SUITE 100 WHEAT RIDGE CO 80033 846002285 501C3 1250000 GENERAL SUPPORT 1 SCHEDULE I, PAGE 1, PART I, LINE 2 THE ENDOWMENT FUND SUPPORTS THE CENTRAL CITY OPERA HOUSE ASSOCIATION (THE ASSOCIATION) THROUGH ANNUAL CASH GRANTS. THE ENDOWMENT FUND MONITORS ITS GRANTS TO THE ASSOCIATION TO ENSURE THAT SUCH GRANTS ARE USED FOR PROPER PURPOSES AND ARE NOT OTHERWISE DIVERTED FROM THE INTENDED USE BY RECEIVING PERIODIC REPORTS FROM THE ASSOCIATION. FORM 990 - ORGANIZATION'S MISSION CENTRAL CITY OPERA HOUSE ASSOCIATION ENDOWMENT FUND WAS FORMED TO SUPPORT THE CENTRAL CITY OPERA HOUSE ASSOCIATION BY ASSISTING IN ITS HISTORIC PRESERVATION ACTIVITIES, OPERA FESTIVAL, OPERATIC AND OTHER ACTIVITIES. FORM 990, PART VI SECTION B, LINES 13 AND 14: THE ENDOWMENT FUND HAS NO EMPLOYEES. ADMINISTRATIVE SERVICES ARE PROVIDED BY THE EMPLOYEES OF THE CENTRAL CITY OPERA HOUSE ASSOCIATION (THE ASSOCIATION) AT NO CHARGE. IN PROVIDING THESE SERVICES, THE ASSOCIATION EMPLOYEES FOLLOW THE WRITTEN CONFLICT OF INTEREST, RECORD RETENTION, AND WHISTLEBLOWER POLICIES OF THE ASSOCIATION. LINES 15A AND 15B: THE ENDOWMENT FUND HAS NO EMPLOYEES AND THE OFFICERS AND DIRECTORS ARE NOT COMPENSATED. THEREFORE, A PROCESS FOR DETERMINING COMPENSATION OF THE CEO, OFFICERS, ETC., IS NOT RELEVANT TO THE ENDOWMENT FUND. FORM 990, PAGE 6, PART VI, LINE 11B BEFORE FILING THE FORM 990 AND REQUIRED SCHEDULES WITH THE IRS, AN ELECTRONIC COPY OF THE ENDOWMENT FUND'S TAX RETURN IS PROVIDED TO EACH VOTING MEMBER OF THE BOARD. IF NECESSARY, A MEETING IS CONVENED WITH THE TAX PREPARER TO REVIEW AND ANSWER QUESTIONS. FORM 990, PAGE 6, PART VI, LINE 12C THE ENDOWMENT FUNDS CONFLICT OF INTEREST POLICY COVERS TRANSACTIONS WITH BOARD MEMBERS. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES. BASED ON INFORMATION PROVIDED, THE BOARD DETERMINES WHETHER A CONFLICT EXISTS. IN CASES WITH ACTUAL CONFLICTS, THE BOARD MEMBER WITH THE CONFLICT IS EXCLUDED FROM PARTICIPATING IN THE BOARDS DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION GIVING RISE TO THE CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 19 THE ENDOWMENT FUND MAKES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII LINE 2C - CHANGE IN FINANCIAL REVIEW PROCESS THE BOARD OF DIRECTORS IS RESPONSIBLE FOR SELECTING THE INDEPENDENT AUDITORS AND OVERSEEING THE AUDIT. THE BOARD APPROVES THE SELECTION OF THE AUDITORS ON AN ANNUAL BASIS AND MEETS WITH THE AUDITORS TO DISCUSS THE RESULTS OF THE AUDIT AND REVIEW THE AUDITOR'S RECOMMENDATIONS, IF ANY. THERE HAVE BEEN NO CHANGES TO THIS PROCESS IN THE CURRENT YEAR. CENTRAL CITY OPERA HOUSE ASSOCIATIO 4875 WARD ROAD WHEAT RIDGE CO 80033 846002285 PART VII CO 501C3 7 NA false false true true false false false false false false false false false true false false false false false false SCHEDULE R PART II, (B) PRIMARY ACTIVITY: CENTRAL CITY OPERA HOUSE ASSOCIATION: THE ASSOCIATION FOSTERS INTEREST AND EDUCATION IN PERFORMING ARTS.