Denver Hybrid College
- Assets
- $1.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Denver, CO
- Founding
- Data as of
- 06/2024
- EIN
- 84-4425918
Organization Overview
Denver Hybrid College, operating under the name Advanceedu, is located in Denver, CO. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2024, Advanceedu employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanceedu 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, Advanceedu generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $1.8m during the year ending 06/2024. While expenses have increased by 31.2% per year over the past 3 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND SUSTAIN AN EQUITY-CENTERED COLLEGE AND CAREER ADVANCEMENT MODEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE AND SUSTAIN AN EQUITY-CENTERED COLLEGE AND CAREER ADVANCEMENT MODEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Trent CEO | Officer | 40 | $183,930 |
Dr Jandel Allen-Davis Chair | Trustee | 2 | $0 |
Elizabeth Concordia Director | Trustee | 2 | $0 |
Susana Cordova Director | Trustee | 2 | $0 |
Bill Kurtz Director | Trustee | 2 | $0 |
Meg Lafave Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $568,037 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,451,933 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,019,970 |
| Total Program Service Revenue | $81,356 |
| Investment income | $32,317 |
| 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 | $2,152,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,109 |
| Grants and other assistance to domestic individuals. | $52,924 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $172,000 |
| Compensation of current officers, directors, key employees. | $68,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $915,046 |
| Pension plan accruals and contributions | $32,287 |
| Other employee benefits | $46,758 |
| Payroll taxes | $85,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,460 |
| Fees for services: Accounting | $24,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $189,604 |
| Advertising and promotion | $4,946 |
| Office expenses | $62,043 |
| Information technology | $2,127 |
| Royalties | $0 |
| Occupancy | $87,313 |
| Travel | $1,784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,192 |
| Interest | $18,504 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,734 |
| All other expenses | $4,718 |
| Total functional expenses | $1,804,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,872 |
| Savings and temporary cash investments | $812,750 |
| Pledges and grants receivable | $337,583 |
| Accounts receivable, net | $24,226 |
| 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 | $65,537 |
| Total assets | $1,709,968 |
| Accounts payable and accrued expenses | $30,984 |
| 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 | $224,709 |
| Other liabilities | $135,140 |
| Total liabilities | $390,833 |
| Net assets without donor restrictions | -$89,577 |
| Net assets with donor restrictions | $1,408,712 |
| 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 | $1,709,968 |
Grants Awarded
Over the last fiscal year, Denver Hybrid College has awarded $44,109 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSPURPOSE PURPOSE: SUPPORT | $12,000 |
PUBLIC EDUCATION & BUSINESS COALITI PURPOSE: SUPPORT | $32,109 |