2024-05-10T17:52:05-05:00 2023-06-30 450250958 EIDE BAILLY LLP 2950 E HARMONY RD STE 290 FORT COLLINS CO 805283429 990 2022-07-01 880544157 COLORADO BALLET FOUNDATION COLO 3038378888 1075 SANTA FE DR DENVER CO 80204 SAMEED AFGHANI CHIEF EXECUTIVE DIRECTOR 3038378888 2024-05-08 1 SAMEED AFGHANI 999009999 1 KYLE FRITCH CPA P01313374 9702238825 2024-05-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SAMEED AFGHANI 1075 SANTA FE DR DENVER CO 80204 5681361 0 X N/A X 2021 CO PROVIDE FIDUCIARY OVERSIGHT AND MANAGEMENT OF THE ENDOWMENT FUNDS FOR COLORADO BALLET 11 11 0 11 0 0 0 5550379 0 0 0 130982 0 0 0 5681361 0 0 0 0 0 0 0 0 0 0 12729 0 12729 0 5668632 0 5891199 0 0 0 5891199 X THE GOAL OF THE COLORADO BALLET FOUNDATION (THE "FOUNDATION") IS TO MAINTAIN AND GROW THE ENDOWMENT FUND OVER TIME TO PROVIDE A RELIABLE SOURCE OF FUNDS TO COLORADO BALLET AND TO SUPPLEMENT COLORADO BALLET REVENUES FROM OPERATIONS SO THAT THE COMBINED REVENUES FROM COLORADO BALLET OPERATIONS AND FROM THE FOUNDATION WILL BE ADEQUATE TO SUPPORT AND ENHANCE THE OPERATIONS OF COLORADO BALLET FOR THE INDEFINITE FUTURE. 0 0 THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE FIDUCIARY OVERSIGHT AND MANAGEMENT OF THE ENDOWMENT FUNDS FOR COLORADO BALLET WHICH WILL BE DISTRIBUTED TO COLORADO BALLET IN ORDER TO SUPPORT THE OPERATIONS OF COLORADO BALLET. 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 1 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 CO X X JANINA FALIK 3038378888 1075 SANTA FE DRIVE DENVER CO 80204 CURT HOCKEMEIER CO-CHAIR 0.25 2.00 X 0 0 0 GEOFF LONG CO-CHAIR 0.25 2.00 X 0 0 0 MICHELLE MOORMAN APPLEGATE DIRECTOR 0.25 2.00 X 0 0 0 BRENT BACKES DIRECTOR 0.25 2.00 X 0 0 0 GREG LAUGERO DIRECTOR 0.25 0.25 X 0 0 0 CHRISTINA RAYA DIRECTOR 0.25 0.25 X 0 0 0 BERNEE STROM DIRECTOR 0.25 0.25 X 0 0 0 DENISE SANDERSON DIRECTOR 0.25 2.00 X 0 0 0 DANA FUSARIS DIRECTOR 0.25 0.00 X 0 0 0 SUSAN BAILEY DIRECTOR 0.25 0.25 X 0 0 0 BILL PLUMMER DIRECTOR 0.25 0.00 X 0 0 0 MARK CHASE- PRESIDENT TREASURER (THRU JAN '23) 0.25 40.00 X 0 100207 1962 SAMEED AFGHANI EXECUTIVE DIRECTOR (FROM FEB 2023) 0.25 40.00 X 0 0 0 KAREN SUMNER SECRETARY/TREASURER 0.25 40.00 X 0 161844 5032 0 262051 6994 0 0 1 0 0 5550379 5550379 130982 130982 5681361 0 0 130982 12729 12729 12729 0 12729 0 1446064 4295236 149899 0 5891199 0 0 X 311471 5579728 0 5891199 0 5891199 5668632 222567 0 X 0 1 X 1 0 X X 1 COLORADO BALLET 846038137 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12, COLUMN (V): COLORADO BALLET FOUNDATION WAS CREATED TO PROVIDE FUNDS TO COLORADO BALLET, A RELATED TAX-EXEMPT ORGANIZATION, TO THE EXTENT IT IS NEEDED FOR OPERATIONS. THE FOUNDATION IS CURRENTLY IN THE PROCESS OF BUILDING ITS ENDOWMENT AND THEREFORE, DID NOT PROVIDE A DISTRIBUTION TO COLORADO BALLET DURING FISCAL YEAR ENDED JUNE 30, 2023. FUTURE DISTRIBUTIONS TO SUPPORT COLORADO BALLET PROGRAMS AND OPERATIONS WILL BE EVALUATED BY THE FOUNDATION BOARD BASED ON THE NEEDS OF COLORADO BALLET. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5550343 340856 5891199 0.05280 0.88440 0.06280 0 0 0 X PART V, LINE 4: INVESTMENT POLICIES FOR THE ENDOWMENT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR OPERATIONS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. OVER TIME, LONG-TERM RATES OF RETURN SHOULD BE EQUAL TO AN AMOUNT SUFFICIENT TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS TO PROVIDE THE NECESSARY CAPITAL TO FUND THE SPENDING POLICY AND TO COVER THE COSTS OF MANAGING THE ENDOWMENT INVESTMENTS. WE EXPECT OUR ENDOWMENT FUNDS, OVER TIME, TO PROVIDE AN AVERAGE ANNUAL RATE OF RETURN SUFFICIENT TO PRESERVE THE ORIGINAL FAIR VALUES OF OUR ENDOWMENT ASSETS WHILE PROVIDING AN OPPORTUNITY FOR REAL GROWTH. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY THIS LONG-TERM OBJECTIVE, THE INVESTMENT PORTFOLIO IS STRUCTURED ON A TOTAL-RETURN APPROACH THROUGH WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). A SIGNIFICANT PORTION OF THE FUNDS ARE INVESTED TO SEEK GROWTH OF PRINCIPAL OVER TIME. IN EXTRAORDINARY CIRCUMSTANCES, ADDITIONAL DISTRIBUTIONS MAY BE MADE SUBJECT TO THE FOUNDATION'S BOARD APPROVAL. PART X, LINE 2: THE ORGANIZATION BELIEVES THAT THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING THE BALLET FOUNDATION'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 FOUNDATION'S FORMS 990 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. 0 0 0 0 0 0 0 0 0 KAREN SUMNER SECRETARY/TREASURER 0 160353 0 1491 0 0 0 0 0 5154 0 166998 0 0 PART I, LINE 3 THE FOUNDATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THESE METHODS TO ESTABLISH THE COMPENSATION OF OFFICERS. FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION IMPLEMENTED AN INVESTMENT POLICY IN NOVEMBER 2022, PROVIDING REGULATIONS FOR ESTABLISHING A CLEAR UNDERSTANDING OF THE INVESTMENT GOALS AND OBJECTIVES OF THE ENDOWMENT ASSETS UNDER MANAGEMENT OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 COLORADO BALLET, A COLORADO NONPROFIT CORPORATION, IS THE SOLE MEMBER OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A AT THE ANNUAL MEETING OF THE FOUNDATION THE MEMBER, COLORADO BALLET, SHALL APPOINT DIRECTORS TO HOLD OFFICE FOR A TERM OF UP TO THREE YEARS UNTIL THEIR SUCCESSORS SHALL HAVE BEEN APPOINTED AND COMMENCED THEIR TERMS OF OFFICE. ANY NEWLY CREATED DIRECTORSHIP OR ANY VACANCY OCCURRING IN THE BOARD FOR ANY REASON SHALL BE FILLED BY THE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION BOARD PERFORMS A REVIEW OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12 COLORADO BALLET FOUNDATION IS A SUPPORTING ORGANIZATION TO COLORADO BALLET, WHO MAINTAINS A CONFLICT-OF-INTEREST POLICY. THE MAJORITY OF THE TRUSTEES OF COLORADO BALLET FOUNDATION ARE ALSO TRUSTEES OF COLORADO BALLET AND ARE SUBJECT TO COLORADO BALLET'S CONFLICT-OF-INTEREST POLICY, WHICH IS REGULARLY MONITORED AND ENFORCED BY COLORADO BALLET. 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. COLORADO BALLET 1075 SANTA FE DRIVE DENVER CO 80204 846038137 PRESENTING CLASSICAL BALLET & INNOVATIVE DANCE CO 501(C)(3) LINE 7 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0