Downtown Boulder Community Initiatives
- Assets
- $197.9k
- Revenue
- $253.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 36-4848287
Organization Overview
Downtown Boulder Community Initiatives is located in Boulder, CO. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Boulder Community Initiatives is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Downtown Boulder Community Initiatives generated $253.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $245.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN BOULDER COMMUNITY INITIATIVES IS A CHARITABLE 501 (C)(3) NONPROFIT ORGANIZATION DEDICATED TO MAINTAINING DOWNTOWN BOULDER AS THE HEART AND SOUL OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FALL FEST - 3-DAY AUTUMN FESTIVAL FEATURING FOOD, BREWS, MUSIC, CHILDREN'S ACTIVITIES AND FIREFLY HANDMADE MARKET.
BAND ON THE BRICKS - FROM OLDIES TO ALTERNATIVE AND EVERYTHING IN BETWEEN, BANDS ON THE BRICKS IS BOULDER COUNTY'S PREMIER OUTDOOR SUMMER CONCERT SERIES TAKING PLACE IN THE HEART OF THE CITY ON THE BRICKS OF THE ONE-AND-ONLY PEARL STREET MALL. A SUMMER TRADITION WITH 10 WEEKS OF FREE CONCERTS. ENJOY PERFORMANCES FROM THE BEST LOCAL MUSICIANS ALONG THE FRONT RANGE WHILE DANCING UNDER THE STARS.
LIGHT UP THE HOLIDAYS LIGHTS OF DECEMBER PARADE (COMMUNITY PARADE AROUND THE DOWNTOWN MALL), ST. NICK ON THE BRICKS (FREE VISITS WITH SANTA AND MRS. CLAUS), SWITCH ON THE LIGHTS (FREE COMMUNITY EVENT TURNING ON HOLIDAY LIGHTS) AND FREEZIE FEST (HOLIDAY RETAIL OPPORTUNITY).
OUR STAFF AND VOLUNTEERS PRODUCE OVER TWO DOZEN ANNUAL EVENTS FOCUSED ON ARTS, CULTURE, FAMILY ENTERTAINMENT, AND SUPPORTING LOCAL BUSINESS. FROM FINE ARTS TO FREE CONCERTS ON THE PEARL STREET MALL, DBCI EVENTS DRAW NEARLY 250,000 PEOPLE DOWNTOWN EVERY YEAR. WE ALSO SUPPORT OTHER COMMUNITY EVENTS THAT ENHANCE DOWNTOWN INCLUDING THE BOULDER INTERNATIONAL FILM FESTIVAL AND PEARL STREET STAMPEDES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Burton Mckenzie Treasurer | OfficerTrustee | 2 | $0 |
Bob Yates Chairman | OfficerTrustee | 4 | $0 |
Chip Chief Executive Officer | Officer | 15 | $0 |
Paul Eklund Director | Trustee | 2 | $0 |
Jane Brautigam Director | Trustee | 2 | $0 |
Michael Bruns Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,049 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,549 |
| Total Program Service Revenue | $203,075 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,624 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,150 |
| Grants and other assistance to domestic individuals. | $15,405 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $13,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,722 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,909 |
| Advertising and promotion | $888 |
| Office expenses | $260 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,616 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,796 |
| Insurance | $0 |
| All other expenses | $101 |
| Total functional expenses | $245,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,909 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $197,874 |
| Accounts payable and accrued expenses | $1,334 |
| Grants payable | $0 |
| Deferred revenue | $1,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,834 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $195,040 |
| Total liabilities and net assets/fund balances | $197,874 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Boulder Community Initiatives has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Mile High United Way Inc Denver, CO PURPOSE: OTHER GRANT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
K State Athletics Inc Manhattan, KS | $295,810,411 | $83,903,998 |
Waterstone Support Foundation Inc Colorado Springs, CO | $127,103,327 | $45,122,757 |
The Madonna Foundation Lincoln, NE | $19,167,597 | $7,128,390 |
1million Project Foundation Overland Park, KS | $8,054,178 | $5,845,168 |
Northeast Kansas Community Action Program Hiawatha, KS | $3,012,533 | $8,873,734 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
Gibbs Christian Education Foundation Inc Owasso, OK | $5,420,863 | $1,976,079 |
David And Molly Pyott Foundation Avon, CO | $9,634,209 | $3,719,915 |
Schulz Charitable Foundation Inc Scottsdale, AZ | $0 | $32,141 |
Epicpromise Employee Foundation Broomfield, CO | $1,990,176 | $1,259,560 |
Nebraska Cultural Endowment Omaha, NE | $17,664,926 | $5,027,006 |
Warrior Rising South Jordan, UT | $428,862 | $1,557,370 |