2025-12-04T16:11:48-05:00 2025-07-31 922963953 MOUNTAIN WEST ADVISORS LLC PO BOX 630044 HIGHLANDS RANCH CO 80163 990 2024-08-01 742275546 ROCKY MOUNTAIN ARTS ASSOCIATION ROCK 3033253959 700 COLORADO BLVD DENVER CO 80206 MARCUS TURNER CHAIR 3033253959 2025-12-04 true true ERIK D LADEWIG CPA P02364512 7205155485 2025-12-04 2024 2025-03-06 01:10:19Z MARCUS TURNER 700 COLORADO BLVD DENVER CO 80206 719886 false X WWW.RMARTS.ORG X 1982 CO BUILDING COMMUNITY THROUGH MUSIC. 11 11 4 105 0 441192 459257 335356 239060 16316 9403 2253 -5169 795117 702551 0 0 257168 242859 52170 30902 67003 703963 509800 1013301 783561 -218184 -81010 564565 469895 33843 20183 530722 449712 BUILDING COMMUNITY THROUGH MUSIC. false false 563558 239060 THE ORGANIZATIONS MISSION-DRIVEN ARTISTIC PROGRAMMING REACHED OVER 34,000 PEOPLE THROUGH 20 PERFORMANCES ACROSS SIX TICKETED CONCERT CYCLES AND MULTIPLE OUTREACH EVENTS, INCLUDING WORLD AIDS DAY, CSU PRIDE FAMILY DINNER, DU LAVENDER GRADUATION, THE CENTER ON COLFAXS TALENT SHOW, AND GAME-DAY PERFORMANCES WITH THE COLORADO ROCKIES AND COLORADO RAPIDS. BOTH CHORUSES PARTNERED WITH FIVE NONPROFITS, INCLUDING CJRO, ROCKY MOUNTAIN EQUALITY, DENVER HEALTH, GILEAD, AND CONNECT FOR HEALTH CO. CONCERT TICKETS WERE DONATED TO LOCAL NON-PROFITS SUCH AS HOPE GALA PROJECT SAFE HOUSE, COLORADO YOUTH CONGRESS, THE CENTER ON COLFAX, KUVO JAZZ, AND ONE COLORADO. THE BOARD HOSTED CARNIVAL RENDEZVOUS 2025, DRAWING 161 SUPPORTERS AND RAISING FUNDS. 563558 true true false false false false false false false false true false false false true false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false false false true 51 0 4 true false false false false false true true false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true false false X X X X NANCY CRIST 3033253959 700 COLORADO BLVD DENVER CO 80206 X MICHAEL SATTLER PAST EXECUTI 35.00 X 76092 0 0 NATALYA CRUZ-TEIXEIRA SECRETARY 1.50 X X 0 0 0 ELISABETH DOHERTY DIRECTOR - D 1.00 X 0 0 0 EMILY FLEMMING DIRECTOR 1.00 X 0 0 0 JOHN HESS VICE CHAIR 2.00 X X 0 0 0 STEPHEN HUTT TREASURER 2.50 X X 0 0 0 RYAN MONTOYA DIRECTOR 12.00 X 0 0 0 SEAN MONTOYA DIRECTOR - P 1.00 X 0 0 0 MATTHEW NILSEN DIRECTOR 1.00 X 0 0 0 AUSTIN ROBERTS DIRECTOR 1.00 X 0 0 0 VICTORIA SHORT DIRECTOR - D 1.00 X 0 0 0 MARCUS TURNER CHAIR 10.00 X X 0 0 0 DR CHIPPER DEAN CURRENT EXEC 40.00 X 0 0 0 76092 false false false 20000 80703 10947 102257 245350 1123 459257 CONCERT TICKET SALES 192816 192816 MEMBER RETREAT AND FEE INCOME 44933 44933 SPONSORSHIPS 1311 1311 239060 9403 9403 10050 10947 17335 -7285 -7285 OTHER INCOME 2116 2116 2116 702551 250579 -7285 X 75112 33800 24787 16525 141453 96558 37444 7451 4209 2413 1138 658 3411 2319 887 205 18674 11204 5416 2054 45888 45888 30902 30902 116190 93389 18593 4208 661 396 192 73 2760 1656 800 304 13529 8287 4768 474 26563 23929 2104 530 3287 1972 953 362 220 132 64 24 1991 1194 578 219 13809 10246 3431 132 PRODUCTION EXPENSES 185565 185565 OTHER CHORAL EXPENSES 61779 61779 BANK AND SERVICES FEES 12011 8562 1246 2203 EQUIPMENT 9768 8708 1060 15779 11449 3651 679 783561 563558 153000 67003 X 123875 114006 414125 318099 342 17440 4322 14069 13917 43125 37284 7832 5841 592 564565 469895 33783 19388 60 795 33843 20183 X 511849 392307 18873 57405 530722 449712 564565 469895 -81010 X X true X false true false X 697645 543405 434031 441192 459257 2575530 176797 324027 334256 250579 1085659 2550 1100 3650 697645 720202 760608 776548 709836 3664839 20567 20567 20567 20567 3644272 1605 3460 16316 9403 30784 1605 3460 16316 9403 30784 479 1715 2253 2116 6563 698124 721807 765783 795117 721355 3702186 0.98440 0.99300 0.01000 0.01000 X PART III, LINE 12 6,563 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36125 30284 5841 7000 7000 5841 FINANCE LEASE LIABILITY 795 795 X X X X true ODETTE TISSEGLO 16363 E FREMONT AVE 1738 AURORA CO 80116 FUNDRAISIN false 28152 -28152 28152 -28152 CARNIVAL RENDEV 20997 10947 10050 17335 20997 10947 10050 17335 17335 -7285 FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 12C 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, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 18 FORM 990 IS AVAILABLE UPON REQUEST FROM THE ORGANIZATION AND IS AVAILABLE THROUGH SCFD, GUIDESTAR AND THE ORGANIZATIONS WEBSITE. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII FORM 990, PART VII SECTION A. FOLLOWING THE EXECUTIVE DIRECTORS RETIREMENT AFTER NINE YEARS OF SERVICE, A NEW EXECUTIVE DIRECTOR WAS APPOINTED EFFECTIVE AUGUST 1, 2025. FORM 990, PART IX, LINE 11G 93,389 18,593 4,208 FORM 990, PART X PART X, LINE 28 DONOR RESTICTED FUNDS - THE ORGANIZATION RECEIVED A BEQUEST OF OVER 22,000 FROM THE ESTATE OF A FORMER CHORUS MEMBER. THESE FUNDS ARE TEMPORARILY RESTRICTED FOR USE IN ENDEAVORS SUPPORTING THE DFC PROGRAM. FORM 990, PART XI PART XI, LINE 3: THE ORGANIZATION'S SIGNIFICANT NET OPERATING LOSS IN FISCAL YEAR 2025 REFLECTED A CHANGING FUNDING LANDSCAPE AND TWO SPECIFIC REVENUE SHORTFALLS: LOWER-THAN-EXPECTED TICKET SALES AND UNMET GRANT REVENUE TARGETS, DESPITE PRIOR INVESTMENT IN CONTRACTED GRANT-WRITING SUPPORT. IN RESPONSE, THE BOARD AND MANAGEMENT HAVE IMPLEMENTED CORRECTIVE ACTIONS, INCLUDING A DATA-DRIVEN BUDGETING PROCESS TO IMPROVE REVENUE FORECASTING AND EXPENSE ALIGNMENT. RECOGNIZING THAT MISSION-DRIVEN PROGRAMMING MAY NOT ALWAYS BE DIRECTLY PROFITABLE, THE BOARD IS WORKING TO BALANCE ARTISTIC AND COMMUNITY IMPACT WITH LONG-TERM FINANCIAL SUSTAINABILITY. CURRENT INITIATIVES FOCUS ON DIVERSIFYING REVENUE STREAMS, EXPANDING THE SUPPORTER BASE, AND DEVELOPING NEW STRATEGIC PARTNERSHIPS AND ALIGNMENTS TO STRENGTHEN THE ORGANIZATIONS FISCAL POSITION WHILE PRESERVING ITS ARTISTIC AND COMMUNITY MISSION. FORM 990, PART XI, LINE 10: DESPITE THE TEMPORARY OPERATING LOSSES, THE ORGANIZATION'S BALANCE SHEET REMAINS STRONG, WITH TOTAL NET ASSETS OF 449,495 AS OF 07/31/2025. THE ORGANIZATION REMAINS COMMITTED TO ITS MISSION OF BUILDING COMMUNITY THROUGH MUSIC AND IS CONFIDENT THESE MEASURES WILL LEAD TO GREATER FINANCIAL STABILITY. FORM 990, PAGE 12, 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. AN AUDIT WAS CONDUCTED ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JULY 31,2024.