Colfax Community Network Inc
- Assets
- $3.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Aurora, CO
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 84-1487426
Organization Overview
Colfax Community Network Inc is located in Aurora, CO. The organization was established in 1999. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Colfax Community Network Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colfax Community Network Inc 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 12/2023, Colfax Community Network Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $689.2k during the year ending 12/2023. While expenses have increased by 8.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVOCATE FOR CHILDREN AND FAMILIES RESIDING IN LOW-INCOME TRANSIENT HOUSING ALONG COLFAX AVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLFAX COMMUNITY NETWORK PROVIDES AFTER SCHOOL AND SUMMER PROGRAMS FOR YOUTH LIVING IN MOTELS AND LOW-INCOME HOUSING. THESE PROGRAMS INCLUDE TUTORING, FIELD TRIPS, ART PROJECTS, OUTDOOR CAMPING AND RECREATIONAL SUMMER CAMPS. OUTREACH AND DROP-IN SERVICES ARE ALSO PROVIDED TO MOTEL- RESIDING AND OTHER LOW-INCOME FAMILIES AND INDIVIDUALS, WHICH INCLUDE FOOD, RESOURCES, HYGIENE SUPPLIES, FAMILY NIGHTS WITH MEALS AND EDUCATION, AND A HOLIDAY PARTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Dorshimer CEO | Officer | 10 | $49,116 |
Amy Henderson CFO | Officer | 8 | $31,975 |
Sam Cordovano President | OfficerTrustee | 1 | $0 |
Rodney Bellendir Treasurer | OfficerTrustee | 1 | $0 |
Julia Condolora Secretary | OfficerTrustee | 1 | $0 |
Christopher Zaleski Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,344,561 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $168,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,344,561 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $1,344,562 |
| 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. | $90,420 |
| Compensation of current officers, directors, key employees. | $37,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $288,358 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,703 |
| Payroll taxes | $31,484 |
| 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 | $9,397 |
| Advertising and promotion | $0 |
| Office expenses | $12,659 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,487 |
| Travel | $4,714 |
| 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 | $15,893 |
| Insurance | $5,544 |
| All other expenses | $3,622 |
| Total functional expenses | $689,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,607 |
| Savings and temporary cash investments | $9,095 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,593 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,064,663 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,487 |
| Total assets | $3,622,445 |
| Accounts payable and accrued expenses | $158,186 |
| Grants payable | $0 |
| 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 | $649,767 |
| Total liabilities | $807,953 |
| Net assets without donor restrictions | $2,813,009 |
| Net assets with donor restrictions | $1,483 |
| 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 | $3,622,445 |