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Nonprofiteer
← DENVER CHILDRENS FOUNDATION

Form 990 for tax year 2023

Filed by DENVER CHILDRENS FOUNDATION.

Totals

Total revenue
$1,380,745
Total expenses
$1,399,548
Contributions and grants received
$1,311,186
Grants paid
$1,167,500
Program service revenue
$0
Investment income
$2,699
Other revenue
$66,860
Total assets, end of year
$1,411,757
Total liabilities, end of year
$1,182,050
Net assets or fund balances, end of year
$229,707
Program services expenses (Part IX)
$1,262,604
Management and general expenses
$91,200
Fundraising expenses
$45,744
Program service expenses (Part III)
$1,262,604

Program services were 90.2% 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.

  • 1c · Fundraising events

    $1,311,186

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $629,754

  • 3 · Investment income

    total $2,699 · excluded $2,699

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $1,565,085

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

    $1,311,186

  • 8b · Fundraising events: direct expenses

    $1,565,085

  • 8c · Net income from fundraising events

    total $0 · excluded $0

  • 9a · Gaming: gross income

    $85,095

  • 9b · Gaming: direct expenses

    $24,500

  • 9c · Net income from gaming

    total $60,595 · excluded $60,595

  • 10a · Gross sales of inventory

    $14,115

  • 10b · Cost of goods sold

    $7,850

  • 10c · Net income from sales of inventory

    total $6,265 · excluded $6,265

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,167,500 · program services $1,167,500

  • 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 $127,025 · program services $86,377 · management and general $15,653 · fundraising $24,995

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $10,571 · program services $7,188 · management and general $1,303 · fundraising $2,080

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $48,753 · management and general $48,753

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $19,457 · management and general $19,457

  • 13 · Office expenses

    total $4,278 · management and general $2,353 · fundraising $1,925

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 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 $0

  • 23 · Insurance

    total $1,539 · program services $1,539

  • 24a · Other expenses: TAXES AND LICENSES

    total $16,744 · fundraising $16,744

  • 24b · Other expenses: DUES & SUBSCIPTIONS

    total $138 · management and general $138

  • 24c · Other expenses: OTHER EXPENSES

    total $3,543 · management and general $3,543

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $606,153 · end of year $23,622

  • 2 · Savings and temporary cash investments

    beginning of year $826,487 · end of year $1,314,896

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $514

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $5,377

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $18,003 · end of year $67,348

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,218,665 · end of year $1,180,472

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $592 · end of year $1,578

  • 27 · Net assets without donor restrictions

    beginning of year $231,386 · end of year $229,707

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE DENVER CHILDREN'S FOUNDATION (FKA DENVER ACTIVE 20/30 CHILDREN'S FOUNDATION) ENGAGES YOUNG PROFESSIONALS IN THEIR 20'S AND 30'S ON A PHILANTHROPIC MISSION OF RAISING MONEY FOR VARIOUS CHILDREN'S CHARITIES IN OUR COMMUNITY. THROUGH THESE FUNDRAISING EFFORTS, WE ARE ABLE TO MAKE A SIGNIFICANT IMPACT BY FUNDING MANY CHARITIES, BUT ALSO INSTILL PHILANTHROPIC VALUES IN OUR MEMBERS.

Activities or mission (Part I)

ENGAGING YOUNG PROFESSIONALS TO RAISE MONEY FOR CHILDREN'S CHARITIES IN THE COMMUNITY.

  • THE DENVER CHILDREN'S FOUNDATION (FKA DENVER ACTIVE 20/30 CHILDREN'S FOUNDATION) ENGAGES ITS MEMBERS TO BE MORE ACTIVE IN THE COMMUNITY. WE HAVE VERY HIGH EXPECTATIONS OF OUR MEMBERS WITH A FOCUS ON FUNDRAISING. WE RAISE MONEY THROUGH SPECIAL EVENTS WE HOST THROUGHOUT THE YEAR AND HAVE AN EXTENSIVE VETTING PROCESS TO DETERMINE WHICH CHARITIES WILL BE SUPPORTED WITH THE FUNDS RAISED. WHILE THE PRIMARY GOAL OF THE FOUNDATION IS TO RAISE MONEY TO SUPPORT DESERVING CHARITIES, AN EXTREMELY IMPORTANT SECONDARY GOAL IS TO INSTILL PHILANTHROPIC VALUES IN OUR MEMBERSHIP TO BE CARRIED THROUGHOUT THEIR LIVES AND PROFESSIONAL CAREERS. DURING 2023, THE FOUNDATION PUT ON 8 EVENTS AND WITH THE MONEY RAISED WAS ABLE TO DISTRIBUTE $1,167,500 TO VARIOUS ORGANIZATIONS SUPPORTING THE FOUNDATION'S MISSION.

    Expenses $1,262,604 · Grants $1,167,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ADAM COHEN

    Executive Director

    Total calculated
    $127,025
    From this org
    $127,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • BEAU JENKINS

    President as of 10/23

    Total calculated
    $775
    From this org
    $775
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • CODY PHIFER

    President through 9/23

    Total calculated
    $0
    Hours/week
    5

  • NICK PIRNACK

    President-Elect as of 10/23

    Total calculated
    $0
    Hours/week
    5

  • ADAM MASSARO

    Past-President through 9/23

    Total calculated
    $0
    Hours/week
    5

  • ROB FALICK

    Secretary as of 10/23

    Total calculated
    $0
    Hours/week
    5

  • LUCAS KULMA

    Secretary through 9/23

    Total calculated
    $0
    Hours/week
    5

  • JAMES SAMUELSEN

    Treasurer -Grant Chair

    Total calculated
    $0
    Hours/week
    5

  • DAVID HAUDENSHIELD

    Treasurer-Raffle Chair

    Total calculated
    $0
    Hours/week
    5

  • TYLER SNOVER

    Treasurer through 9/23

    Total calculated
    $0
    Hours/week
    5

  • TYLER SNOVER

    Director as of 10/23

    Total calculated
    $0
    Hours/week
    5

  • JACK HOYT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DEVON BOLTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ERIC CARLSON

    Director as of 10/23

    Total calculated
    $0
    Hours/week
    5

  • RAYMOND PAOLINI

    Director through 9/23

    Total calculated
    $0
    Hours/week
    5

  • NICK PIRNACK

    Director through 9/23

    Total calculated
    $0
    Hours/week
    5

  • JJ SIMON

    Grants Chair

    Total calculated
    $0
    Hours/week
    5

  • VINCENT LUPARELL

    GENERAL COUNSEL

    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

The 10 largest by cash amount. The API serves every itemized grant.

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
202433169349304733

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

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