Downing Street Foundation
- Assets
- $7.8m
- Revenue
- $415.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Englewood, CO
- Founding
- 03/1987
- Data as of
- 12/2022
- EIN
- 74-2446158
Organization Overview
Downing Street Foundation is located in Englewood, CO. The organization was established in 1987. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Downing Street Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downing Street Foundation 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 12/2022, Downing Street Foundation generated $415.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $472.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO MAINTAIN A MINISTRY OF PLACE AND A CHRIST CENTERED FELLOWSHIP FOR PEOPLE TO DEEPEN THEIR RELATIONSHIP WITH JESUS CHRIST, MAINTENANCE OF A A FELLOWSHIP HOUSE AND FOSTER KINGDOM WORK WITH THE POOR, YOUNG PEOPLE AND LEADERS ARE THE MOST SIGNIFICANT PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF 501(C)(3) ORGANIZATIONS WHICH FURTHER RELATIONSHIPS WITH JESUS AMONG BROAD CONSTITUENCIES.
OPERATION OF A FELLOWSHIP HOUSE AS A MINISTRY FOR CHRIST CENTERED FELLOWSHIP FOR PEOPLE TO DEEPEN THEIR RELATIONSHIP WITH JESUS CHRIST. THE FELLOWSHIP HOUSE IS A PLACE FOR BIBLE STUDIES, PRESENTATIONS, AND LIVING OUT CHRISTIAN BELIEFS AND IS A MEETING AND STUDY PLACE TO FOSTER KINGDOM WORK WITH THE POOR, YOUNG PEOPLE, AND LEADERS THROUGHOUT THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Irwin Co-Exec Director | 40 | $68,794 | |
Mary Lu Watson House Manager | 40 | $46,728 | |
Gayla Irwin Co-Exec Director | 20 | $13,776 | |
William J White Director | Trustee | 1 | $0 |
Joshua C Lewis Director | Trustee | 1 | $0 |
Edwin Garreth Winstead Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $391,892 |
| Noncash contributions included in lines 1a–1f | $9,801 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,892 |
| Total Program Service Revenue | $20,057 |
| Investment income | $9,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,614 |
| Net Gain/Loss on Asset Sales | -$264 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $415,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,570 |
| Compensation of current officers, directors, key employees. | $4,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,578 |
| Pension plan accruals and contributions | $31,150 |
| Other employee benefits | $0 |
| Payroll taxes | $9,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,572 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,416 |
| All other expenses | $1,252 |
| Total functional expenses | $472,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,278 |
| Savings and temporary cash investments | $1,368,239 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,085 |
| 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 | $6,318,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,811,802 |
| Accounts payable and accrued expenses | $21,011 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $21,011 |
| Net assets without donor restrictions | $7,231,008 |
| Net assets with donor restrictions | $559,783 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,811,802 |