Friends Of The Genoa Tower Inc
- Assets
- $2.1m
- Revenue
- $382.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- Data as of
- 12/2023
- EIN
- 84-1811996
Organization Overview
Friends Of The Genoa Tower Inc is located in Denver, CO. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Genoa Tower 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, Friends Of The Genoa Tower Inc generated $382.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $119.0k during the year ending 12/2023. While expenses have increased by 28.4% per year over the past 2 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
THE MISSION OF FRIENDS OF GENOA TOWERM INC IS TO SUPPORT THE PRESERVATION AND ACTIVATION OF THE LEGENDARY WORLDS WONDERVIEW TOWER AS A COMMUNITY GATHERING PLACE, CULTURAL INCUBATOR AND ECONOMIC DRIVER ON THE EASTERN PLAINS OF COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACHIEVEMENTS IN 2023 INCLUDED: - AWARDED A $250,000 STATE HISTORICAL FUND GRANT TOWARDS CONSTRUCTION COSTS OF PHASE 1 OF THE TOWER - SUBMITTED A STATE HISTORIC TAX CREDIT APPLICATION FOR PHASE 1 OF THE TOWER - COMPLETED ANNEXATION INTO THE TOWN OF GENOA, INCLUDING FINALIZING AN AGREEMENT FOR WATER/SEWER SERVICE - COMPLETED CONTRACTS WITH SPECTRUM CONSTRUCTION TO INITIATE CONSTRUCTION WORK ON PHASE 1 OF THE TOWER AND WATER/SEWER SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Anderson Board Member | Officer | 1 | $0 |
Jim Arndt Board Member | Officer | 1 | $0 |
Troy Mccue Board Member | Officer | 1 | $0 |
Bob Anderson Board Member | Officer | 1 | $0 |
Reed Weimer Board Member | Officer | 1 | $0 |
Kevin Kearney President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $331,535 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,366 |
| Total Program Service Revenue | $0 |
| Investment income | $196 |
| 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 | $382,562 |
| 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. | $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 | $0 |
| Fees for services: Legal | $17,246 |
| Fees for services: Accounting | $4,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,788 |
| Advertising and promotion | $0 |
| Office expenses | $3,653 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,997 |
| Travel | $1,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,001 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,209 |
| All other expenses | $2,000 |
| Total functional expenses | $119,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,851 |
| Pledges and grants receivable | $1,896,807 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $149,960 |
| Total assets | $2,130,618 |
| Accounts payable and accrued expenses | $0 |
| 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 | $79,043 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $79,043 |
| Net assets without donor restrictions | $2,051,575 |
| 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 | $2,130,618 |