Downtown Denver Inc
- Assets
- $16.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 10/1958
- Data as of
- 06/2022
- EIN
- 84-0449936
Organization Overview
Downtown Denver Inc is located in Denver, CO. The organization was established in 1958. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Denver Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Downtown Denver Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 7.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
SEE FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN ENVIRONMENT AND THE PUBLIC REALM: DOWNTOWN DENVER, INC. DEVELOPED AN INTERACTIVE DIGITAL KIOSK SYSTEM FOR THE CENTER CITY. THIS SYSTEM ALLOWS VISITORS TO RECEIVE AND SHARE INFORMATION, GET DIRECTIONS, LEARN ABOUT DOWNTOWN AMENITIES AND ACTIVITIES. THE ORGANIZATION PROVIDES MANAGEMENT SUPPORT FOR THE BUSINESS IMPROVEMENT DISTRICT AND THE GENERAL IMPROVEMENT DISTRICT.
ECONOMIC DEVELOPMENT, PLANNING AND MOBILITY: DOWNTOWN DENVER, INC. WORKS TO RETAIN COMPANIES IN THE CENTER CITY VIA RETENTION OUTREACH AND RESEARCH SUPPORT. THE ORGANIZATION PLAYS AN ACTIVE ROLE IN RECRUITING COMPANIES TO DOWNTOWN THROUGH MARKETING, PRESENTATIONS AND RESEARCH. THE ORGANIZATION REPRESENTS DOWNTOWN AT RETAIL TRADE SHOWS THROUGHOUT THE COUNTRY TO RECRUIT NEW RETAILERS TO DENVER.
MEMBER AND CIVIC ENGAGEMENT: THE DOWNTOWN DENVER LEADERSHIP PROGRAM DEVELOPS DOWNTOWN DENVER'S FUTURE LEADERS, EDUCATES PARTICIPANTS ABOUT THE ECONOMIC IMPORTANCE OF DOWNTOWN DENVER, INFORMS PARTICIPANTS ABOUT THE UNIQUE LEADERSHIP OPPORTUNITIES AND CHALLENGES THAT EXIST IN A DOWNTOWN ENVIRONMENT, AND ENGAGES PARTICIPANTS IN CREATING THE DOWNTOWN DENVER OF THE FUTURE.
MEMBERSHIP SERVICES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kourtny Garrett President Fr | OfficerTrustee | 1 | $0 |
Tamara Door Prior Presid | OfficerTrustee | 1 | $0 |
Maja Rosenquist Chair | OfficerTrustee | 2 | $0 |
Charlene Laus Evp, Finance | Officer | 1 | $0 |
Jim Kirchheimer Svp, Member | Officer | 1 | $0 |
Kate Barton Evp, Special | Officer | 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 | $703,196 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $703,196 |
| Total Program Service Revenue | $2,854,631 |
| 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 | $3,557,827 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,938 |
| Advertising and promotion | $2,739 |
| Office expenses | $12,254 |
| Information technology | $63,814 |
| Royalties | $0 |
| Occupancy | $68,701 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,115 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,913 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,499,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,101,624 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $187,500 |
| Accounts receivable, net | $108,410 |
| 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 | $2,880 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,400,414 |
| Accounts payable and accrued expenses | $72,831 |
| Grants payable | $0 |
| Deferred revenue | $728,426 |
| 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 | $801,257 |
| Net assets without donor restrictions | $15,576,657 |
| Net assets with donor restrictions | $22,500 |
| 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 | $16,400,414 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Denver Inc has recieved totaling $5,750.
| Awarding Organization | Amount |
|---|---|
Mile High United Way Inc Denver, CO PURPOSE: OTHER GRANT, DESIGNATION | $5,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Of Glendale Municipal Property Corporation Glendale, AZ | $246,934,000 | $15,805,000 |
Northeast Nebraska Community Action Partnership Inc Pender, NE | $3,455,970 | $8,987,958 |
Sun City Oro Valley Community Association Inc Oro Valley, AZ | $28,029,235 | $8,742,643 |
Estrella Joint Committee Inc A Non-Profit Corporation Scottsdale, AZ | $5,462,539 | $8,224,629 |
Villages At Estrella Mountain Ranch Community Association Scottsdale, AZ | $5,670,197 | $7,276,595 |
Capacity Builders Inc Farmington, NM | $637,038 | $4,802,457 |
Downtown Denver Inc Denver, CO | $16,400,414 | $3,557,827 |
Step One Foundation Inc Prescott Valley, AZ | $1,032,360 | $2,189,469 |
The Willow Domestic Violence Center Inc Lawrence, KS | $1,107,749 | $1,909,779 |
Ralston House Arvada, CO | $2,291,601 | $1,890,985 |
The Greenway Foundation Inc Denver, CO | $2,809,752 | $1,248,678 |
Mechanical Contractors Association Of Colorado Denver, CO | $0 | $1,885,998 |