Devereux Cleo Wallace
- Assets
- $4.4m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 225
- Location
- Westminster, CO
- Founding
- 07/1950
- Data as of
- 06/2023
- EIN
- 84-0406820
Organization Overview
Devereux Cleo Wallace is located in Westminster, CO. The organization was established in 1950. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Devereux Cleo Wallace employed 225 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Devereux Cleo Wallace 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 06/2023, Devereux Cleo Wallace generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $9.1m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVEREUX CLEO WALLACE PROVIDES A CONTINUUM OF SERVICES FOR CHILDREN AND ADOLESCENTS WITH EMOTIONAL AND PSYCHIATRIC DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPUS-BASED SHELTER PROGRAM FOR UNACCOMPANIED MINORS. EXPENSES DO NOT REFLECT $558,586 OF ADMINISTRATIVE COSTS.
EDUCATIONAL SERVICES FOR CHILDREN AND ADOLESCENTS WITH PSYCHIATRIC DISORDERS, EMOTIONAL AND BEHAVIORAL DISORDERS. EXPENSES DO NOT REFLECT $112,391 OF ADMINISTRATIVE COSTS.
OUTPATIENT SERVICES INCLUDES INDIVIDUAL AND FAMILY THERAPY SERVICES, OUTPATIENT PYSCHIATRIC AND PSYCHOLOGICAL SERVICES, AND CRISIS INTERVENTION SERVICES. EXPENSES DO NOT REFLECT $36,039 OF ADMINISTRATIVE COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Dunne Chair, Treasurer, Trustee | OfficerTrustee | 3 | $0 |
Michael Seller Psychiatrist | 55 | $175,556 | |
Patricia Hillis Clark Trustee | OfficerTrustee | 3 | $0 |
L Gail Atkinson Trustee | OfficerTrustee | 3 | $0 |
Bonnie Wright Executive Director | 55 | $139,554 | |
Bambi Haney Nurse Manager | 55 | $105,880 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C-m Contracting Llc Maintenance | 6/29/23 | $193,567 |
Ml Painting And Contracting Maintenance | 6/29/23 | $128,655 |
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 | $27,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,130 |
| Total Program Service Revenue | $7,256,783 |
| Investment income | $326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $124,117 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,464,596 |
| 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. | $65,392 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,894,679 |
| Pension plan accruals and contributions | $67,060 |
| Other employee benefits | $878,703 |
| Payroll taxes | $377,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,606 |
| Fees for services: Accounting | $10,973 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $915,018 |
| Advertising and promotion | $166 |
| Office expenses | $12,059 |
| Information technology | $55,710 |
| Royalties | $0 |
| Occupancy | $727,116 |
| Travel | $60,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $106,112 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $388,457 |
| Insurance | $470,483 |
| All other expenses | $0 |
| Total functional expenses | $9,133,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,000 |
| Pledges and grants receivable | $480,000 |
| Accounts receivable, net | $86,000 |
| 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 | $30,000 |
| Net Land, buildings, and equipment | $3,745,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,390,000 |
| Accounts payable and accrued expenses | $846,000 |
| Grants payable | $0 |
| Deferred revenue | $161,000 |
| Tax-exempt bond liabilities | $689,000 |
| Escrow or custodial account liability | $7,000 |
| 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 | $14,998,000 |
| Total liabilities | $16,701,000 |
| Net assets without donor restrictions | -$12,799,000 |
| Net assets with donor restrictions | $488,000 |
| 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 | $4,390,000 |