Skip to content
Nonprofiteer
← DURANGO EDUCATION CENTER

Form 990 for tax year 2023

Filed by DURANGO EDUCATION CENTER.

Totals

Total revenue
$899,100
Total expenses
$876,582
Contributions and grants received
$898,605
Grants paid
$43,773
Program service revenue
$5,006
Investment income
$1,646
Other revenue
-$6,157
Total assets, end of year
$1,850,045
Total liabilities, end of year
$7,421
Net assets or fund balances, end of year
$1,842,624
Program services expenses (Part IX)
$809,338
Management and general expenses
$43,965
Fundraising expenses
$23,279
Program service expenses (Part III)
$809,338

Program services were 92.3% 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.

  • 1e · Government grants (contributions)

    $595,298

  • 1f · All other contributions, gifts and grants

    $303,307

  • 2a · Program service revenue: TUITION AND FEES

    total $5,006 · related or exempt $5,006

  • 3 · Investment income

    total $1,646 · related or exempt $1,646

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $7,388

  • 8c · Net income from fundraising events

    total -$7,388 · excluded -$7,388

  • 11a · Other revenue: REFUNDS/REIMBURABLE IN

    total $1,231 · related or exempt $1,231

  • 11e · Other revenue, total

    $1,231

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $43,773 · program services $43,773

  • 5 · Compensation of officers, directors and key employees

    total $68,084 · program services $50,382 · management and general $11,574 · fundraising $6,128

  • 7 · Other salaries and wages

    total $397,368 · program services $377,480 · management and general $13,003 · fundraising $6,885

  • 9 · Other employee benefits

    total $25,845 · program services $23,757 · management and general $1,365 · fundraising $723

  • 10 · Payroll taxes

    total $40,734 · program services $37,444 · management and general $2,151 · fundraising $1,139

  • 11g · Fees: other

    total $42,531 · program services $39,096 · management and general $2,246 · fundraising $1,189

  • 12 · Advertising and promotion

    total $925 · program services $850 · management and general $49 · fundraising $26

  • 13 · Office expenses

    total $36,797 · program services $33,825 · management and general $1,943 · fundraising $1,029

  • 16 · Occupancy

    total $65,042 · program services $59,798 · management and general $3,425 · fundraising $1,819

  • 17 · Travel

    total $2,912 · program services $2,677 · management and general $154 · fundraising $81

  • 23 · Insurance

    total $5,819 · program services $5,349 · management and general $307 · fundraising $163

  • 24a · Other expenses: REFUND OF GRANT

    total $121,204 · program services $111,415 · management and general $6,400 · fundraising $3,389

  • 24b · Other expenses: UTILITIES

    total $13,695 · program services $12,589 · management and general $723 · fundraising $383

  • 24c · Other expenses: TELEPHONE

    total $5,053 · program services $4,645 · management and general $267 · fundraising $141

  • 24d · Other expenses: BANK FEES

    total $2,963 · program services $2,724 · management and general $156 · fundraising $83

  • 24e · All other expenses

    total $3,837 · program services $3,534 · management and general $202 · fundraising $101

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $345,300 · end of year $282,767

  • 2 · Savings and temporary cash investments

    beginning of year $227,703 · end of year $184,468

  • 3 · Pledges and grants receivable

    beginning of year $2,780 · end of year $2,780

  • 4 · Accounts receivable

    beginning of year $50,268 · end of year $125,159

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,157 · end of year $4,157

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

    $39,119

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

    $39,119

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $1,245,502 · end of year $1,245,502

  • 15 · Other assets

    beginning of year $5,212 · end of year $5,212

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,345 · end of year $1,675

  • 21 · Escrow or custodial account liability

    beginning of year $6,471 · end of year $5,746

  • 27 · Net assets without donor restrictions

    beginning of year $1,717,869 · end of year $1,740,387

  • 28 · Net assets with donor restrictions

    beginning of year $102,237 · end of year $102,237

Mission and programs · 2023

Mission

THE MISSION OF DURANGO EDUCATION CENTER, AS A CARING LEARNING COMMUNITY, IS TO FILL EDUCATIONAL GAPS BY PROVIDING THE SKILLS AND KNOWLEDGE NECESSARY FOR LIVABLE WAGE CAREERS, POSTSECONDARY EDUCATION, AND SOCIAL AND ECONOMIC MOBILITY

  • DAEC STUDENTS CONTINUED TO MEET OR EXCEED ALL EDUCATIONAL GOALS AS SET BY STATE AND FEDERAL GRANT STANDARDS. DAEC HAS CONTINUED TO FILL POSITIONS WITH HIGHLY QUALIFIED AND EXCELLENT STAFF, AND NUMBERS CONTINUE TO CLIMB BACK TOWARDS PREPANDEMIC LEVELS. THROUGH EXCELLENT PROGRAMS, A QUALIFIED AND DEDICATED STAFF AND BOARD OF DIRECTORS, PRUDENT AND CAREFUL BUDGETING AND FINANCIAL PRACTICES, DAEC WILL CONTINUE TO ENSURE THAT THESE IMPORTANT PROGRAMS CONTINUE TO THRIVE.

    Expenses $809,338 · Grants $43,773 · Revenue $5,006

As filed on the 2023 return.

Listed in Part VII

  • Kathleen Pierson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Alison Aichele

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dean Brookie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Gomez

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Bruce Leclaire

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Virginia Miller-Cavanagh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alison Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Coleman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Natambu Obleton

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Susan Hakanson

    EXECUTIVE DIRECTOR

    Total calculated
    $68,084
    From this org
    $68,084
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443219349301939

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.