Denver Gold Group Inc
- Assets
- $11.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Denver, CO
- Founding
- 12/1990
- Data as of
- 12/2023
- EIN
- 84-1114990
Organization Overview
Denver Gold Group Inc is located in Denver, CO. The organization was established in 1990. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Denver Gold Group Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Gold Group 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 12/2023, Denver Gold Group Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SPONSOR OF FORUMS FOR INVESTMENT PROFESSIONALS INTERESTED IN PRECIOUS METALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCES TO MATCH GLOBAL CAPITAL WITH GLOBAL MINING. SUPPLEMENTED BY FACILITATING PERIODIC NETWORKING EVENTS FOR MINING INDUSTRY REPRESENTATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Wood Executive Director | OfficerTrustee | 40 | $401,726 |
Julie Dill Director Of Operations | 40 | $160,000 | |
Sara C Heston Chair | OfficerTrustee | 2 | $34,500 |
John Pearson Director | Trustee | 2 | $20,500 |
Haytham Hodaly Director | Trustee | 2 | $19,500 |
Pamela Solly Director | Trustee | 2 | $24,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $529,000 |
| 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 | $529,000 |
| Total Program Service Revenue | $2,762,085 |
| Investment income | $281,586 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$55,665 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,517,006 |
| 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. | $463,188 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,000 |
| Pension plan accruals and contributions | $9,600 |
| Other employee benefits | $28,426 |
| Payroll taxes | $31,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45 |
| Fees for services: Accounting | $55,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,802 |
| Fees for services: Other | $20,008 |
| Advertising and promotion | $0 |
| Office expenses | $5,295 |
| Information technology | $28,991 |
| Royalties | $0 |
| Occupancy | $19,544 |
| Travel | $36,451 |
| 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 | $59,642 |
| Insurance | $2,729 |
| All other expenses | $23,982 |
| Total functional expenses | $3,350,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,930 |
| Savings and temporary cash investments | $5,190,079 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $272,274 |
| Net Land, buildings, and equipment | $203,096 |
| Investments—publicly traded securities | $5,632,645 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,491,024 |
| Accounts payable and accrued expenses | $102,970 |
| Grants payable | $0 |
| Deferred revenue | $1,720,655 |
| 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 | $246 |
| Total liabilities | $1,823,871 |
| Net assets without donor restrictions | $9,667,153 |
| 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 | $11,491,024 |
Grants Awarded
Over the last fiscal year, Denver Gold Group Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN COLLEGE PURPOSE: Scholarships | $10,000 |
COLORADO SCHOOL OF MINES PURPOSE: Scholarships | $10,000 |