Form 990 for tax year 2023
Filed by DENVER AREA EDUCATIONAL TELECOMMUNICATIONS CONSORTIUM INC.
Totals
- Total revenue
- $2,062,431
- Total expenses
- $1,854,407
- Contributions and grants received
- $0
- Grants paid
- $225,100
- Program service revenue
- $1,179,527
- Investment income
- $116,056
- Other revenue
- $766,848
- Total assets, end of year
- $8,037,089
- Total liabilities, end of year
- $94,188
- Net assets or fund balances, end of year
- $7,942,901
- Program services expenses (Part IX)
- $1,214,732
- Management and general expenses
- $639,675
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,214,732
Program services were 65.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MOBILE CITIZEN
total $1,179,527 · related or exempt $1,179,527
-
3 · Investment income
total $83,497 · excluded $83,497
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $813,874 · excluded $813,874
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $1,536,868 · other assets $67,948
-
7b · Less cost or other basis and sales expenses
securities $1,572,257
-
7c · Gain or loss
securities -$35,389 · other assets $67,948
-
7d · Net gain or loss
total $32,559 · related or exempt $67,948 · excluded -$35,389
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: K-1 ROSE AFFORDABLE HOUSING
total $80 · excluded $80
-
11b · Other revenue: OTHER INCOME
total -$3,613 · excluded -$3,613
-
11d · All other revenue
total -$43,493 · unrelated business -$37,079 · excluded -$6,414
-
11e · Other revenue, total
-$47,026
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $225,100 · program services $225,100
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $92,462 · program services $9,246 · management and general $83,216
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $152,038 · program services $15,204 · management and general $136,834
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $52,645 · program services $4,695 · management and general $47,950
-
10 · Payroll taxes
total $23,141 · program services $2,064 · management and general $21,077
-
11a · Fees: management
total $107,418 · management and general $107,418
-
11b · Fees: legal
total $123,439 · management and general $123,439
-
11c · Fees: accounting
total $39,906 · management and general $39,906
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $45,733 · management and general $45,733
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $15,579 · management and general $15,579
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $4,452 · management and general $4,452
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,146 · management and general $1,146
-
23 · Insurance
total $3,714 · management and general $3,714
-
24a · Other expenses: MOBILE CITIZEN EXPENSES
total $949,833 · program services $949,833
-
24b · Other expenses: ROYALTY SHARING EXPENSE
total $9,100 · management and general $9,100
-
24c · Other expenses: OTHER EXPENSES
total $8,590 · program services $8,590
-
24d · Other expenses: LICENSE FEES & PERMITS
total $111 · management and general $111
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,130,038 · end of year $1,045,987
-
2 · Savings and temporary cash investments
beginning of year $103,421 · end of year $568,212
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $11,788 · end of year $17,977
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $8,928 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$8,271
-
10b · Land, buildings and equipment: accumulated depreciation
$1,146
-
10c · Land, buildings and equipment, net
end of year $7,125
-
11 · Investments: publicly traded securities
beginning of year $4,733,002 · end of year $5,612,076
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $1,552,682 · end of year $785,712
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $68,870 · end of year $33,238
-
18 · Grants payable
beginning of year $300,000
-
19 · Deferred revenue
beginning of year $60,829 · end of year $60,950
-
27 · Net assets without donor restrictions
beginning of year $7,110,160 · end of year $7,942,901
Mission and programs · 2023
Mission
DENVER AREA EDUCATIONAL TELECOMMUNICATIONS CONSORTIUM (DAETC DBA 35 MILE FOUNDATION) IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC AND SOCIAL WELFARE PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) AND 501(C)(4) OF THE INTERNAL REVENUE CODE.
Activities or mission (Part I)
THE ORGANIZATION'S MISSION IS TO HELP HISTORICALLY MARGINALIZED PEOPLE STEP ACROSS THE DIGITAL DIVIDE BY FUNDING DIGITAL EQUITY INITIATIVES AND UNEXPECTED OPPORTUNITIES THAT ENABLE AFFORDABLE INTERNET ACCESS AND ADVANCE SOCIAL JUSTICE. IT ENVISIONS A FUTURE WHERE EVERYONE HAS THE OPPORTUNITY TO FULLY PARTICIPATE IN OUR DIGITALLY CONNECTED SOCIETY AND ECONOMY.
-
On behalf of 35 Mile Foundation, Mobile Citizen placed wireless broadband accounts with schools and nonprofits both locally in Colorado and nationwide. 35 Mile Foundation terminated its ownership and participation in Mobile Citizen, LLC in February 2024.
Expenses $949,833 · Revenue $1,179,527
-
35 Mile Foundation maintains a grantmaking program targeting opportunities where we believe we can make a difference. We provide grants to new programs and emerging organizations as well as innovative approaches to social justice that arent currently being funded. As with our digital equity funding, we work within our network to identify opportunities and fund social justice organizations in a variety of ways from operating costs to spinning up new initiatives and everything in between.
Expenses $264,899 · Grants $225,100
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Adam MillerADAM MILLER
Exec Dir./Pres.
- Total calculated
- $92,462
- From this org
- $88,906
- From related orgs
- $0
- Other
- $3,556
- Hours/week
- 40
-
Chet TchozewskiCHET TCHOZEWSKI
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Joe PezzilloJOE PEZZILLO
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Lisa ReedLISA REED
CFO
- Total calculated
- $0
- Hours/week
- 5
-
Kim BubonKIM BUBON
ASST SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Brenda Williams-SearsBRENDA WILLIAMS-SEARS
CEO
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$150,000
CORE SUPPORT
-
$25,000
CORE SUPPORT
-
$25,000
CORE SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 January 2024
- IRS schema version
- 2023v6.0
- Source object
- 202540249349301454
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