Downtown Partnership Of Colorado Springs
- Assets
- $905.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Colorado Springs, CO
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 84-1398391
Organization Overview
Downtown Partnership Of Colorado Springs is located in Colorado Springs, CO. The organization was established in 1998. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Downtown Partnership Of Colorado Springs employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Partnership Of Colorado Springs 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 12/2023, Downtown Partnership Of Colorado Springs generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 7.3% 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
TO ACHIEVE A WORLD-CLASS, VIBRANT DOWNTOWN COLORADO SPRINGS THAT SERVES AS THE CIVIC, CULTURAL, AND ECONOMIC HEART OF THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORE THAN 210 BUSINESSES AND ORGANIZATIONS WERE PROVIDED TECHNICAL ASSISTANCE, MARKETING SUPPORT AND CUSTOM ORIENTATIONS TO THE WIDE VARIETY OF SUPPORTIVE SERVICES OFFERED THROUGH DOWNTOWN. MORE THAN 750 ATTENDEES ENJOYED A LIVELY ANNUAL BREAKFAST AT A NEW VENUE AT ED ROBSON ARENA AT COLORADO COLLEGE. OVER 1,200 STAKEHOLDERS WERE ENGAGED THROUGH INFORMATIONAL PRESENTATION ABOUT DOWNTOWN - RANGING FROM REAL PROFESSIONALS TO INCOMING COLORADO COLLEGE FRESHMAN, HOSPITALITY PROFESSIONALS, SENIORS, AND K-12 STUDENTS. THROUGH A COLLABORATIVE EFFORT LED BY DOWNTOWN PARTNERSHIP AND COLLEAGUES FROM OLDE TOWN ARVADA, THE LIQUOR IN RETAIL ESTABLISHMENT BILL WAS DRAFTED AND SUCCESSFULLY PASSED IN THE 2023 LEGISLATIVE SESSION. THE NEW LAW ALLOWS BOUTIQUE RETAILERS TO OCCASIONALLY OFFER COMPLIMENTARY ALCOHOLIC BEVERAGES AS PART OF THE SHOPPING EXPERIENCE - ONE MORE TOOL TO HELP SMALL BUSINESSES INNOVATE TO THRIVE.REIMAGINING THE MARTIN DRAKE POWER PLANT, A COMMUNITY VISIONING REPORT THAT WAS THE CULMINATION OF TWO YEARS OF LISTENING SESSIONS AND RESEARCH, WAS DELIVERED TO THE BOARD OF COLORADO SPRINGS UTILITIES. THE DOCUMENT PROVIDES A SET OF GUIDING PRINCIPLES FOR CONSIDERATION FOR POTENTIAL FUTURE DEVELOPMENT OF THE DRAKE SITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nadine Hensler Director | OfficerTrustee | 1 | $0 |
Peter Maiurro Vice Chair | OfficerTrustee | 1 | $0 |
Amber Ptak Secretary | OfficerTrustee | 1 | $0 |
Warren Epstein Immediate Past Chair | OfficerTrustee | 1 | $0 |
Stella Hodgkins Director | Trustee | 1 | $0 |
Natasha Hutson Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $229,205 |
| Fundraising events | $44,816 |
| 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 | $274,021 |
| Total Program Service Revenue | $922,000 |
| Investment income | $6,866 |
| 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 | $1,203,335 |
| 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. | $215,230 |
| Compensation of current officers, directors, key employees. | $14,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $611,485 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,182 |
| Payroll taxes | $60,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,339 |
| Advertising and promotion | $3,241 |
| Office expenses | $40,385 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,033 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,264 |
| Insurance | $9,401 |
| All other expenses | $13,586 |
| Total functional expenses | $1,185,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,191 |
| Savings and temporary cash investments | $608,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,876 |
| 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 | $15,723 |
| Net Land, buildings, and equipment | $47,791 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,045 |
| Other assets | $108 |
| Total assets | $905,384 |
| Accounts payable and accrued expenses | $95,142 |
| Grants payable | $0 |
| Deferred revenue | $97,602 |
| 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 | $192,744 |
| Net assets without donor restrictions | $712,640 |
| 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 | $905,384 |