Denver Area Educational Telecommunications Consortium Inc
- Assets
- $7.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 03/2000
- Data as of
- 03/2023
- EIN
- 84-0943036
Organization Overview
Denver Area Educational Telecommunications Consortium Inc, operating under the name Voqal Denver, is located in Boulder, CO. The organization was established in 2000. According to its NTEE Classification (A32) the organization is classified as: Television, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Voqal Denver is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 03/2023, Voqal Denver generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $2.3m during the year ending 03/2023. While expenses have increased by 19.8% per year over the past 8 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.
Since 2016, Voqal Denver has awarded 97 individual grants totaling $2,391,226. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DENVER AREA EDUCATIONAL TELECOMMUNICATIONS CONSORTIUM (DAETC AND FORMERLY KNOWN BY ITS NOW-TERMINATED TRADENAME VOQAL DENVER) IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC AND SOCIAL WELFARE PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 501(C)(4) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON BEHALF OF DAETC, MOBILE CITIZEN PLACES WIRELESS BROADBAND ACCOUNTS WITH SCHOOLS AND NONPROFITS BOTH LOCALLY IN COLORADO AND NATIONWIDE. THE ESTIMATED NUMBER OF LTE WIRELESS BROADBAND ACCOUNTS IS BASED ON DAETC'S OWNERSHIP PERCENTAGE OF ALL ACTIVE ACCOUNTS AT FISCAL YEAR-END.
DAETC MAINTAINS A GRANTMAKING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chet Tchozewski Treasurer | OfficerTrustee | 4 | $0 |
Joe Pezzillo Chair/director | OfficerTrustee | 4 | $0 |
Adam Miller Advisor To CEO | Officer | 5 | $0 |
Lisa Reed CFO | Officer | 5 | $0 |
Kim Bubon Asst Secretary | Officer | 5 | $0 |
Brenda Williams-Sears Acting CEO | Officer | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,841,544 |
| Investment income | $64,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $753,332 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,096 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,665,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $340,000 |
| 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 | $557,536 |
| Fees for services: Legal | $93,681 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,733 |
| Advertising and promotion | $0 |
| Office expenses | $6,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,070 |
| 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 | $1,885 |
| All other expenses | $0 |
| Total functional expenses | $2,345,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,130,038 |
| Savings and temporary cash investments | $103,421 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,788 |
| 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 | $8,928 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,733,002 |
| Investments—other securities | $0 |
| Investments—program-related | $1,552,682 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,539,859 |
| Accounts payable and accrued expenses | $68,870 |
| Grants payable | $300,000 |
| Deferred revenue | $60,829 |
| 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 | $429,699 |
| Net assets without donor restrictions | $7,110,160 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,539,859 |
Grants Awarded
Over the last fiscal year, Denver Area Educational Telecommunications Consortium Inc has awarded $589,589 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO TIMES RECORDER PURPOSE: CORE SUPPORT | $10,000 |
COMMUNITY FOUNDATION BOULDER PURPOSE: CORE SUPPORT | $300,000 |
FAMILY ENGAGEMENT LAB PURPOSE: CORE SUPPORT | $46,000 |
PIE FOR PROVIDERS PURPOSE: CORE SUPPORT | $46,000 |
PROJECT FOUNDED INCORPORATED PURPOSE: CORE SUPPORT | $46,000 |
QUILL PURPOSE: CORE SUPPORT | $46,000 |