2025-12-12T15:03:48-06:00 2025-01-31 410746749 CLIFTONLARSONALLEN LLP 121 SOUTH TEJON STREET SUITE 1100 COLORADO SPRINGS CO 80903 990 2024-02-01 863390659 NORRIS PENROSE LEGACY FOUNDATION NORR 7196351101 1045 LOWER GOLD CAMP ROAD COLORADO SPRINGS CO 80905 RICHARD POWELL TREASURER 7196351101 2025-12-12 1 1 SARAH HINTZ P00492291 7196350330 2025-12-11 2024 2025-03-06 01:10:19Z MICHAEL JORGENSEN 1045 LOWER GOLD CAMP ROAD COLORADO SPRINGS CO 80905 1824318 0 X WWW.NORRISPENROSE.COM X 2021 CO TO ACQUIRE AND CONTINUE THE OPERATION, MAINTENANCE, AND CAPITAL IMPROVEMENTS OF NORRIS PENROSE EVENT CENTER (NPEC), SO AS TO CONTINUE THE LESSENING OF THE BURDEN OF ANY LOCAL GOVERNMENT TO FINANCIALLY SUPPORT THE COMMUNITY EVENTS HELD AT NPEC. 17 17 22 17 1435 391 6559419 149630 1141516 1258933 6925 6068 207773 394245 7915633 1808876 3759846 106000 0 0 506174 571126 0 0 0 1033002 1082132 5299022 1759258 2616611 49618 7381121 7146787 4732561 3679289 2648560 3467498 TO ACQUIRE AND CONTINUE THE OPERATION, MAINTENANCE, AND CAPITAL IMPROVEMENTS OF NORRIS PENROSE EVENT CENTER (NPEC), SO AS TO CONTINUE THE LESSENING OF THE BURDEN OF ANY LOCAL GOVERNMENT TO FINANCIALLY SUPPORT THE COMMUNITY EVENTS HELD AT NPEC. 0 0 480214 106000 1396169 THE PURPOSE OF THE CORPORATION IS TO ACQUIRE AND CONTINUE THE OPERATION, MAINTENANCE, AND CAPITAL IMPROVEMENTS OF NPEC, SO AS TO CONTINUE THE LESSENING OF THE BURDEN OF ANY LOCAL GOVERNMENT TO FINANCIALLY SUPPORT THE COMMUNITY EVENTS HELD AT NPEC. THESE EVENTS NOT ONLY INCLUDE THE RODEOS, BUT ALSO INCLUDE THE HOLDING OF CONVENTIONS, COMMUNITY FAIRS AND EXPOS, MOTOCROSS EVENTS, CONCERTS, CHARITABLE FUNDRAISING EVENTS, INCLUDING CHARITABLE GALAS, AND OTHER COMMUNITY EVENTS. IN ADDITION, NPEC SERVES AS AN EQUESTRIAN RIDING AND BOARDING FACILITY, WHICH INCLUDES THE OPERATION OF A NON-PROFIT THERAPEUTIC RIDING CENTER THAT SERVES THE PIKES PEAK COMMUNITY. 480214 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0 0 22 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X KYLE PARK 7196351101 1045 LOWER GOLD CAMP ROAD COLORADO SPRINGS CO 80905 MIKE JORGENSEN PRESIDENT 1.00 1.00 X X 0 0 0 RICH BENDER VICE PRESIDENT 1.00 1.00 X X 0 0 0 RALPH BRADEN SECRETARY 1.00 1.00 X X 0 0 0 RICK POWELL TREASURER 1.00 1.00 X X 0 0 0 JERRY BIGGS DIRECTOR 1.00 1.00 X 0 0 0 SCOTT BRYAN DIRECTOR 1.00 1.00 X 0 0 0 KEVIN CHILTON DIRECTOR 1.00 1.00 X 0 0 0 MATT GRAGE DIRECTOR 1.00 1.00 X 0 0 0 GARY MARKLE DIRECTOR 1.00 1.00 X 0 0 0 MIKE MCCOY DIRECTOR 1.00 1.00 X 0 0 0 BOBBY NORRIS DIRECTOR 1.00 1.00 X 0 0 0 JEFF RENEHAN DIRECTOR 1.00 1.00 X 0 0 0 CAROLE SONDRUP DIRECTOR 1.00 1.00 X 0 0 0 CATHERINE STEELE DIRECTOR 1.00 1.00 X 0 0 0 GEORGE TAYLOR DIRECTOR 1.00 1.00 X 0 0 0 BILL TUTT DIRECTOR 1.00 1.00 X 0 0 0 THAYER TUTT DIRECTOR 1.00 1.00 X 0 0 0 KYLE PARK GENERAL MANAGER 30.00 10.00 X 159900 0 37410 159900 0 37410 1 0 1 0 0 55985 93645 149630 EVENT REVENUE 812900 1008366 1008366 SUMMIT CATERING 722513 250567 250567 1258933 6068 6068 209845 12750 197095 197095 1435 195660 62606 55985 2692 59914 59914 MISCELLANEOUS INCOME 900099 137236 137236 137236 1808876 1396169 1435 261642 106000 106000 192417 38484 153933 278545 55709 222836 5502 1100 4402 43313 8662 34651 51349 10270 41079 18929 18929 107966 10797 97169 9340 4670 4670 32723 22908 9815 1587 1111 476 347854 72121 275733 730 584 146 1642 1314 328 111620 111620 231395 46279 185116 38950 19475 19475 OTHER EVENT EXPENSES 143691 64661 79030 EQUIPMENT 13584 6113 7471 OTHER EXPENSES 9225 4153 5072 DUES AND SUBSCRIPTION 7874 3543 4331 5022 2260 2762 1759258 480214 1279044 0 391910 319171 710287 731034 36725 45654 3897 0 15026 17975 9248465 3514504 5827152 5733961 396124 298992 7381121 7146787 87989 29522 803350 760986 1000000 1000000 2650119 1818339 191103 70442 4732561 3679289 X 2648560 3467498 2648560 3467498 7381121 7146787 49618 19320 750000 0 X 0 0 0 X 84225 6559419 149630 6793274 1135923 1258933 2394856 84225 7695342 1408563 9188130 13564 13564 0 13564 13564 9174566 68 108571 201728 310367 68 108571 201728 310367 12989 60305 73294 17498 98898 137236 253632 101791 7915800 1807832 9825423 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 161000 161000 8245790 2926702 5319088 499639 344241 155398 342036 243561 98475 5733961 DUE TO PIKES PEAK OR RODEO BUST FOUNDATION 70442 70442 LEGACY RACE 112184 55985 56199 398 1532 112184 55985 56199 398 1532 1930 54269 1 PIKES PEAK OR BUST RODEO FOUNDATION 10 LAKE CIRCLE COLORADO SPRINGS CO 80906 841589318 501(C)(3) 6000 0 N/A N/A TRANSFER OF LIABILITIES UNDER NEW OPERATIONS PROJECT ANGEL HEART 4950 WASHINGTON STREET DENVER CO 80216 841199481 501(C)(3) 20000 0 N/A N/A SUPPORT FOR PATIENTS SISTERS HOPE PO BOX 1118 MONUMENT CO 80132 260416104 501(C)(3) 15000 0 N/A N/A SUPPORT FOR BREAST CANCER PATIENTS UC HEALTH MEMORIAL HOSPITAL FOUNDATION PO BOX 9530 COLORADO SPRINGS CO 80932 841576338 501(C)(3) 15000 0 N/A N/A SUPPORT RESEARCH TO BENEFIT PATIENTS PEAK VISTA COMMUNITY HEALTH CENTER 3205 N ACADEMY BLVD SUITE 130 COLORADO SPRINGS CO 80917 840617567 501(C)(3) 10000 0 N/A N/A SUPPORT FOR PATIENTS CATHOLIC HEALTH INITIATIVES COLORADO FOUNDATION 2222 N NEVADA AVE COLORADO SPRINGS CO 80907 840902211 501(C)(3) 15000 0 N/A N/A SUPPORT FOR PATIENTS UNIVERSITY OF COLORADO FOUNDATION 1800 GRANT STREET SUITE 725 DENVER CO 80203 846049811 501(C)(3) 25000 0 N/A N/A SUPPORT FOR PATIENTS 7 0 PART I, LINE 2: THE ORGANIZATION SHARES THE ENTIRE BOARD WITH PIKES PEAK OR BUST RODEO FOUNDATION. THERE IS COMBINED OVERSIGHT BETWEEN THE TWO ORGANIZATION ENSURING PROPER TREATMENT OF THE GRANT. ALL OTHER GRANT FUNDS ARE SPECIFIED FOR USES WHICH ARE IN ACCORDANCE WITH THE ORGANIZATION'S EXEMPT PURPOSE. NO ADDITIONAL MONITORING IS DEEMED NECESSARY. X X 0 0 0 0 0 0 0 0 0 KYLE PARK GENERAL MANAGER 159900 0 0 0 0 0 9690 0 27720 0 197310 0 0 0 ROBERT NORRIS TRUSTEE BUILDING CONSTRUCTION/REMODEL X 1000000 1000000 0 1 1 1000000 FORM 990, PART VI, SECTION A, LINE 2 BILL TUTT AND THAYER TUTT HAVE A FAMILY RELATIONSHIP. BOBBY NORRIS AND CAROLE NORRIS SONDRUP HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. ONCE A DRAFT IS AVAILABLE, A COPY OF THE FORM 990 IS PROVIDED TO ALL DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IF ANY PERSON WHO IS A DIRECTOR OR OFFICER OF THE CORPORATION IS AWARE THAT THE CORPORATION MAY OR IS ABOUT TO ENTER INTO ANY BUSINESS TRANSACTION DIRECTLY OR INDIRECTLY WITH HIMSELF, ANY MEMBER OF SUCH PERSON'S FAMILY, OR ANY ENTITY IN WHICH HE HAS ANY LEGAL, EQUITABLE, OR FIDUCIARY INTEREST OR POSITION, INCLUDING WITHOUT LIMITATION AS A DIRECTOR OFFICER, SHAREHOLDER, PARTNER, BENEFICIARY OR DIRECTOR, SUCH PERSON SHALL (I) IMMEDIATELY INFORM THOSE CHARGED WITH APPROVING THE TRANSACTION ON BEHALF OF THE CORPORATION OF SUCH PERSON'S INTEREST OR POSITION; (II) AID THE PERSONS CHARGED WITH MAKING THE DECISION BY DISCLOSING ANY MATERIAL FACTS WITHIN SUCH PERSON'S KNOWLEDGE THAT BEAR ON THE ADVISABILITY OF SUCH TRANSACTION FROM THE STANDPOINT OF THE CORPORATION; AND (III) NOT BE ENTITLED TO VOTE ON THE DECISION TO ENTER INTO SUCH TRANSACTION. VOTING ON SUCH TRANSACTION SHALL BE CONDUCTED AS FOLLOWS: (A) DISCUSSION OF THE MATTER, WITH THE INTERESTED OFFICER OR DIRECTOR, SHALL BE HELD BY THE BOARD WITH SUCH PERSON PRESENT TO PROVIDE INFORMATION AND ANSWER ANY QUESTIONS. (B) THE INTERESTED OFFICER OR DIRECTOR SHALL WITHDRAW FROM THE MEETING. (C) DISCUSSION OF THE MATTER, OUTSIDE OF THE PRESENCE OF THE INTERESTED OFFICER OR DIRECTOR, SHALL BE HELD BY THE BOARD. (D) THE REMAINING MEMBERS OF THE BOARD SHALL VOTE. SUCH VOTING SHALL BE BY WRITTEN BALLOT. SUCH BALLOTS SHALL NOT REFLECT THE NAME OR IDENTITY OF THE PERSON VOTING. FORM 990, PART VI, SECTION B, LINE 15 KYLE PARK IS LISTED AS AN OFFICER DUE TO HIS OVERSIGHT OF OPERATIONS OF THE NORRIS PENROSE EVENT CENTER AND DOES NOT HAVE OTHER RESPONSIBILITIES AS AN OFFICER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL THOUGHTFULLY CONSIDER REQUESTS FOR FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY. NORRIS PENROSE EQUESTRIAN CENTER LLC 1045 LOWER GOLD CAMP RD COLORADO SPRINGS CO 80905 202149367 EVENT CENTER CO 1501365 1321618 NORRIS PENROSE LEGACY FOUNDATION PIKES PEAK OR BUST RODEO FOUNDATION 10 LAKE CIRCLE COLORADO SPRINGS CO 80906 841589318 PRESERVING WESTERN HERITAGE AND SENSE OF COMMUNITY CO 501(C)(3) LINE 7 NORRIS PENROSE LEGACY FOUNDATION 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 PIKES PEAK OR BUST RODEO FOUNDATION E 70442 END OF YEAR BALANCE