Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $119,349

• 1f · All other contributions, gifts and grants

  $1,196,330

• 2a · Program service revenue: LEADERSHIP EXCHANGE

  total $586,275 · related or exempt $586,275

• 2b · Program service revenue: LEADERSHIP DENVER

  total $227,885 · related or exempt $227,885

• 2c · Program service revenue: IMPACT DENVER

  total $203,088 · related or exempt $203,088

• 2d · Program service revenue: ACCESS DENVER

  total $116,515 · related or exempt $116,515

• 2e · Program service revenue: B:CIVIC

  total $112,800 · related or exempt $112,800

• 2f · All other program service revenue

  total $68,446 · related or exempt $68,446

• 3 · Investment income

  total $202,508 · excluded $202,508

• 7b · Less cost or other basis and sales expenses

  securities $2,989

• 7c · Gain or loss

  securities -$2,989

• 7d · Net gain or loss

  total -$2,989 · excluded -$2,989

• 8a · Fundraising events: gross income

  $82,651

• 8a · Fundraising events: contributions included on line 1c

  $119,349

• 8b · Fundraising events: direct expenses

  $82,651

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $125,000 · program services $125,000

• 2 · Grants to domestic individuals

  total $8,350 · program services $8,350

• 5 · Compensation of officers, directors and key employees

  total $234,828 · program services $138,548 · management and general $72,797 · fundraising $23,483

• 7 · Other salaries and wages

  total $608,401 · program services $378,613 · management and general $113,500 · fundraising $116,288

• 8 · Pension plan contributions

  total $23,269 · program services $14,547 · management and general $4,318 · fundraising $4,404

• 9 · Other employee benefits

  total $63,779 · program services $40,119 · management and general $12,499 · fundraising $11,161

• 10 · Payroll taxes

  total $61,550 · program services $37,996 · management and general $13,342 · fundraising $10,212

• 11c · Fees: accounting

  total $100,000 · management and general $100,000

• 11f · Fees: investment management

  total $93,053 · management and general $93,053

• 11g · Fees: other

  total $180,054 · program services $66,816 · management and general $110,238 · fundraising $3,000

• 12 · Advertising and promotion

  total $14,110 · program services $1,528 · fundraising $12,582

• 13 · Office expenses

  total $61,456 · program services $43,749 · management and general $7,103 · fundraising $10,604

• 19 · Conferences, conventions and meetings

  total $786,892 · program services $739,525 · management and general $43,750 · fundraising $3,617

• 22 · Depreciation, depletion and amortization

  total $29,983 · program services $18,440 · management and general $6,542 · fundraising $5,001

• 23 · Insurance

  total $5,550 · program services $3,413 · management and general $1,211 · fundraising $926

• 24a · Other expenses: EVENTS AND TRAINING

  total $23,456 · program services $10,216 · management and general $2,844 · fundraising $10,396

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $800,793 · end of year $821,877

• 2 · Savings and temporary cash investments

  beginning of year $2,779,620 · end of year $2,968,178

• 3 · Pledges and grants receivable

  end of year $150,000

• 4 · Accounts receivable

  end of year $11,513

• 9 · Prepaid expenses and deferred charges

  beginning of year $336,107 · end of year $578,611

• 10a · Land, buildings and equipment: cost or other basis

  $242,801

• 10b · Land, buildings and equipment: accumulated depreciation

  $170,272

• 10c · Land, buildings and equipment, net

  beginning of year $63,322 · end of year $72,529

• 12 · Investments: other securities

  beginning of year $5,243,687

• 17 · Accounts payable and accrued expenses

  beginning of year $213,204 · end of year $278,931

• 19 · Deferred revenue

  beginning of year $1,034,446 · end of year $1,164,629

• 25 · Other liabilities

  beginning of year $120,593 · end of year $55,170

• 27 · Net assets without donor restrictions

  beginning of year $2,410,913 · end of year $2,830,165

• 28 · Net assets with donor restrictions

  beginning of year $5,444,373 · end of year $273,813

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 6A

EMPLOYEES AT VP LEVEL AND HIGHER ARE ELIGIBLE TO RECEIVE A YEAR-END BONUS. THE BONUS IS BASED ON THE PERFORMANCE OF ALL AFFILIATES IN REACHING THE ORGANIZATION'S OVERALL GOALS, THE NET EARNINGS OF THE FOUNDATION, PERSONAL PERFORMANCE, AND IS DEPENDENT UPON THE FOUNDATION ACHIEVING THE BOARD RECOMMENDED LEVEL OF RESERVE.