Denver Public Schools Foundation
- Assets
- $15.3m
- Revenue
- $7.8m
- Investments
- $220.1k
- Employees
- 17
- Location
- Denver, CO
- Founding
- 06/1993
- Data as of
- 06/2024
- EIN
- 84-1224325
Organization Overview
Denver Public Schools Foundation is located in Denver, CO. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2024, Denver Public Schools Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Public Schools Foundation 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 06/2024, Denver Public Schools Foundation generated $7.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $9.2m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Denver Public Schools Foundation has awarded 11 individual grants totaling $42,904,434. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
IN PARTNERSHIP WITH DENVER PUBLIC SCHOOLS, WE RAISE AND MANAGE FUNDS, MAKE STRATEGIC PROGRAM INVESTMENTS AND SERVE AS COMMUNITY LEADERS SO ALL STUDENTS HAVE THE OPPORTUNITY TO SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DPS FOUNDATION COLLABORATED WITH FOUNDATIONS, CORPORATIONS, PARENTS, EDUCATORS, ALUMNI, AND OTHER MEMBERS OF THE COMMUNITY TO INVEST IN PROGRAMS AND SCHOOLS ACROSS DENVER. SUPPORTED BY OUR EVER-INCREASING DONOR BASE, DPS FOUNDATION GRANTED NEARLY 7.0 MILLION TO DPS FOR PRIORITY PROGRAMS AND CRITICAL NEEDS IN 2023-24. WORKING ALONGSIDE DPS LEADERS AND EDUCATORS, DPS FOUNDATION INVESTS IN TRANSFORMATIVE OPPORTUNITIES ACCELERATING PROGRESS FOR STUDENTS AND SCHOOLS TO HELP REACH OUR VISION WHERE EVERY STUDENT GRADUATES READY TO LEAD A SUCCESSFUL LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Tagle Pres/ceo Thr | Officer | 40 | $212,458 |
Sara Hazel Pres/ceo Eff | Officer | 40 | $146,314 |
Ashley Muramoto VP Of Market | 40 | $131,950 | |
Jennifer Struthers-Johnson Finance Cont | Officer | 30 | $48,960 |
Carmon Hicks Chair | OfficerTrustee | 2 | $0 |
Jacqueline Molnar Chair-Elect | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $711,285 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,577,338 |
| Noncash contributions included in lines 1a–1f | $56,552 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,288,623 |
| Total Program Service Revenue | $0 |
| Investment income | $444,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,212 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,796,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,926,975 |
| Grants and other assistance to domestic individuals. | $22,143 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $423,907 |
| Compensation of current officers, directors, key employees. | $254,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $743,435 |
| Pension plan accruals and contributions | $37,662 |
| Other employee benefits | $107,748 |
| Payroll taxes | $92,715 |
| 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 | $58,354 |
| Fees for services: Other | $455,494 |
| Advertising and promotion | $0 |
| Office expenses | $119,448 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,450 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,184,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,650,485 |
| Savings and temporary cash investments | $149,488 |
| Pledges and grants receivable | $343,377 |
| 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 | $19,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,487,906 |
| Investments—other securities | $220,130 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,420,481 |
| Total assets | $15,290,867 |
| Accounts payable and accrued expenses | $19,146 |
| Grants payable | $3,411,756 |
| 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 | $912,402 |
| Total liabilities | $4,343,304 |
| Net assets without donor restrictions | $4,962,992 |
| Net assets with donor restrictions | $5,984,571 |
| 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 | $15,290,867 |
Grants Awarded
Over the last fiscal year, Denver Public Schools Foundation has awarded $6,926,375 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DENVER PUBLIC AND CHARTER SCHOOLS PURPOSE: SCHOOL PROGRAMS | $6,920,375 |
DENVER TENNIS PARK INC PURPOSE: GENERAL OPERATING | $6,000 |