Denver Cultural Property Trust
- Assets
- $7.8m
- Revenue
- $341.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- Data as of
- 12/2022
- EIN
- 87-2222357
Organization Overview
Denver Cultural Property Trust is located in Denver, CO. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., 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. Denver Cultural Property Trust 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 12/2022, Denver Cultural Property Trust generated $341.2k in total revenue. All expenses for the organization totaled $642.5k during the year ending 12/2022. While expenses have increased by 32.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INITIALLY THE ORGANIZATION WILL PURCHASE PROPERTIES THROUGH DONATIONS AND FINANCING. ONGOING OPERATIONS ARE FUNDED THROUGH RENTAL INCOME FROM LEASES THAT FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. THROUGH THESE OPERATIONS, THE ORGANIZATION EXPECTS TO EXPAND THE CULTURAL TALENT AND OFFERINGS IN THE DENVER AREA AND LESSEN BURDENS OF GOVERNMENT BY PROVIDING AFFORDABLE RENT THAT MAY NOT OTHERWISE BE AVAILABLE FOR ENTERPRISE SPACE AND RESIDENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF AFFORDABLE HOUSING AND ENTERPRISE SPACE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark G Falcone President | OfficerTrustee | 1 | $0 |
Mark Heller Treasurer | OfficerTrustee | 1 | $0 |
Haroun Cowans Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| 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 | $0 |
| Total Program Service Revenue | $312,573 |
| Investment income | $5 |
| 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 | $341,188 |
| 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 | $8,664 |
| Fees for services: Legal | $979 |
| 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 | $0 |
| Advertising and promotion | $2,000 |
| Office expenses | $387 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $131,974 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214,358 |
| Insurance | $83,202 |
| All other expenses | $17,060 |
| Total functional expenses | $642,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,310 |
| Savings and temporary cash investments | $38,895 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $779 |
| 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 | $1,114 |
| Net Land, buildings, and equipment | $6,916,848 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $68,309 |
| Other assets | $292,805 |
| Total assets | $7,827,060 |
| Accounts payable and accrued expenses | $5,947 |
| 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 | $7,988,889 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $406,044 |
| Total liabilities | $8,400,880 |
| Net assets without donor restrictions | $0 |
| 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 | -$573,820 |
| Total liabilities and net assets/fund balances | $7,827,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Educational Procurement Inc Oklahoma City, OK | $2,011,817 | $2,627,401 |
Colorado Procurement Technical Assistance Center Colorado Springs, CO | $235,307 | $1,038,092 |
Denver Cultural Property Trust Denver, CO | $7,827,060 | $341,188 |
Schilke-Novak Kids Sports Trust Fremont, NE | $5,782,434 | $94,014 |
Seward County Bridges Inc Seward, NE | $695,891 | $205,883 |
Womens Leadership Foundation Inc Denver, CO | $0 | $25,474 |
National Auctioneers Association Foundation Overland Park, KS | $2,512,310 | $365,346 |
Toolbank Usa Inc Phoenix, AZ | $123,117 | $237,929 |
Nebraska State Chamber Foundation Lincoln, NE | $289,401 | $238,274 |
Bcda Inc Albion, NE | $1,004,127 | $131,613 |
Heartstone Ministries Phoenix, AZ | $9,649 | $0 |
Heber-Overgaard Community Resource Network Heber, AZ | $18,174 | $0 |
Alameda West Foundation Lakewood, CO | $9,454 | $0 |
Roaring Fork Community Development Corporation Carbondale, CO | $166,030 | $0 |
Colorado Technology Community Foundation Englewood, CO | $0 | $277 |