The information for Downing Street Foundation is as of the organization's most recent filing in December '19. This organization is located in Denver, CO. It has been in existence for 32 years, following its founding in 1987.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Downing Street Foundation's NTEE code is T30. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "30" tells us that the organization is a Public Foundation. The NTEE describes Public Foundations as organizations that derive their funding or support primarily from the general public in carrying out their social, educational, religious or other charitable activities serving the common welfare. Although public foundations may provide direct charitable services to the public as other nonprofits do, their primary focus is on grantmaking.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Downing Street Foundation is to maintain a ministry of place and a Christ-centered fellowship for people to deepen their relationship with Jesus Christ. The maintenance of a fellowship house and fostering kingdom work with the poor, young people, and leaders are the most significant purposes.
Program Area 1: The organization operates a fellowship house as a ministry to promote Christ-centered fellowship and to deepen people's relationship with Jesus Christ. The fellowship house serves as 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.
Program Area 2: The organization provides support for 501(c)(3) organizations that further relationships with Jesus among broad constituencies.
Downing Street Foundation is run by Gayla Irwin, who is the Co-Exec Director. The organization has 5 employees, none of whom are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 65 volunteers.
The Downing Street Foundation is a well-governed non-profit organization. With 18 voting members and 14 independent members, it is able to have a wide range of perspectives and expertise on its board. The potential conflicts of interest that exist are managed through a conflict of interest policy that requires disclosure of any conflicts. Board and committee meetings are documented and a document retention policy is in place. The organization also substantiates and reviews leadership and officer salaries. Finally, the organization provides copies of the 990 to the board prior to filing. All of these measures ensure that the Downing Street Foundation is well-governed and accountable to its stakeholders.
The Downing Street Foundation has experienced growth over the five-year period from 2015-2019. Contributions & Grants received has increased, Investment Income has increased, Other Revenue has increased, and Total Revenue has increased. Meanwhile, Grants Paid, Employee Salaries and Total Employees have all increased. Total Volunteers have stayed the same. This indicates that the organization has seen growth in revenue and staffing, while maintaining the same level of volunteer support.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mary Lu Watson House Manager | 40 | $82,734 | |
John Irwin Co-Exec Director | 40 | $34,865 | |
Gayla Irwin Co-Exec Director | 20 | $20,535 | |
David O Larson Director, Chair | OfficerTrustee | 2 | $0 |
Josi Larson Director, Pres. | OfficerTrustee | 8 | $0 |
Jeff Riggs Director, Treas | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $34,612 |
All other contributions, gifts, grants, and similar amounts not included above | $451,669 |
Noncash contributions included in lines 1a–1f | $9,344 |
Total Revenue from Contributions, Gifts, Grants & Similar | $486,281 |
Total Program Service Revenue | $22,025 |
Investment income | $2,190 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $14,087 |
Net Gain/Loss on Asset Sales | -$54,146 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $470,437 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $200 |
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. | $164,126 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $44,522 |
Pension plan accruals and contributions | $24,000 |
Other employee benefits | $0 |
Payroll taxes | $11,831 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $14,576 |
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 | $935 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $151,205 |
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 | $20,279 |
All other expenses | $6,420 |
Total functional expenses | $516,303 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $226,544 |
Savings and temporary cash investments | $1,269,432 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $48,663 |
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 | $7,862,839 |
Accounts payable and accrued expenses | $15,642 |
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 | $1 |
Total liabilities | $15,643 |
Net assets without donor restrictions | $7,248,114 |
Net assets with donor restrictions | $599,082 |
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 | $7,862,839 |
Over the last fiscal year, we have identified 5 grants that Downing Street Foundation has recieved totaling $80,200.
Awarding Organization | Amount |
---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $38,600 |
Servant Foundation Overland Park, KS PURPOSE: RELIGIOUS MINISTRY | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,100 |
J F Shea Company Foundation Walnut, CA PURPOSE: TO FURTHER EXEMPT ACTIVITIES | $4,000 |
Susan And Eric Sipf Familyfoundation Inc Englewood, CO PURPOSE: GENERAL CONTRIBUTION | $2,500 |
Beg. Balance | $893,455 |
Earnings | $21,874 |
Other Expense | $176,115 |
Ending Balance | $739,214 |
Organization Name | Assets | Revenue |
---|---|---|
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
Impact Investing Charitable Foundation Inc Overland Park, KS | $59,629,063 | $92,847,262 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Olathe Health System Inc Olathe, KS | $604,759,622 | $8,223,691 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Colorado Springs Health Foundation Colorado Springs, CO | $192,761,783 | $20,158,263 |
Community Clinics At Mrh Craig, CO | $2,546,314 | $4,871,469 |
Park City Community Foundation Park City, UT | $23,921,888 | $11,932,031 |