Civic Intelligence

Redline

990 • Fiscal year 2021 • EIN 26-0317963

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

2350 Arapahoe StreetDenver, CO 80205

(303) 296-4448

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.81x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

6.25x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

46th percentile

10%

Higher net margin than 46% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$95,615

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

93rd percentile

69%

Faster asset growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

9th percentile

-28%

Faster revenue growth than 9% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$19,188,382

Up $15,719,684 (+453%) from 2018

Net Assets

Up

$3,676,428

Up $644,494 (+21%) from 2018

Liabilities

Up

$15,511,954

Up $15,075,190 (+3452%) from 2018

Revenue

Up

$2,483,556

Up $780,737 (+46%) from 2018

Expenses

Up

$2,224,489

Up $597,228 (+37%) from 2018

Net Income

Up

$259,067

Up $183,509 (+243%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $3,492,195Liabilities 2010: $492Net Assets 2010: $3,491,7032010Assets 2013: $3,283,594Liabilities 2013: $117,421Net Assets 2013: $3,166,1732013Assets 2015: $3,082,275Liabilities 2015: $54,560Net Assets 2015: $3,027,7152015Assets 2016: $2,996,070Liabilities 2016: $36,767Net Assets 2016: $2,959,3032016Assets 2017: $3,088,635Liabilities 2017: $128,432Net Assets 2017: $2,960,2032017Assets 2018: $3,468,698Liabilities 2018: $436,764Net Assets 2018: $3,031,9342018Assets 2021: $19,188,382Liabilities 2021: $15,511,954Net Assets 2021: $3,676,4282021Assets 2022: $3,776,840Liabilities 2022: $516,128Net Assets 2022: $3,260,7122022Assets 2023: $3,600,403Liabilities 2023: $94,037Net Assets 2023: $3,506,3662023Assets 2024: $4,954,956Liabilities 2024: $1,122,253Net Assets 2024: $3,832,7032024

Highlighted filing

2021

Assets$19,188,382
Liabilities$15,511,954
Net Assets$3,676,428

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $501,5042010Revenue 2013: $728,430Expenses 2013: $847,526Net Income 2013: -$119,0962013Revenue 2015: $841,719Expenses 2015: $933,613Net Income 2015: -$91,8942015Revenue 2016: $768,858Expenses 2016: $837,270Net Income 2016: -$68,4122016Revenue 2017: $1,455,827Expenses 2017: $1,454,927Net Income 2017: $9002017Revenue 2018: $1,702,819Expenses 2018: $1,627,261Net Income 2018: $75,5582018Revenue 2021: $2,483,556Expenses 2021: $2,224,489Net Income 2021: $259,0672021Revenue 2022: $2,184,379Expenses 2022: $2,595,436Net Income 2022: -$411,0572022Revenue 2023: $2,749,137Expenses 2023: $2,506,005Net Income 2023: $243,1322023Revenue 2024: $3,362,101Expenses 2024: $3,038,976Net Income 2024: $323,1252024

Highlighted filing

2021

Revenue$2,483,556
Expenses$2,224,489
Net Income$259,067
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$2,545,766
Mission and Program Overview

Mission

Redline foster's education and engagement between artists and communities to create positive social change. Our vision is to empower everyone to create social change through art.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,685,949$2,613,402▼ $72,547
Cash and Non-Interest-Bearing Accounts$903,393$930,267▲ $26,874
Pledges and Grants Receivable$53,035$184,936▲ $131,901
Investments Other Securities$30,659$37,773▲ $7,114
Prepaid Expenses and Deferred Charges$7,117$2,004▼ $5,113
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$11,371,153$19,188,382▲ $7,817,229
Other Assets Total$7,691,000$15,420,000▲ $7,729,000
Liabilities
Other Liabilities$7,796,855$15,415,000▲ $7,618,145
Deferred Revenue$62,000--
Accounts Payable and Accrued Expenses$27,337$53,454▲ $26,117
Grants Payable$53,600$37,500▼ $16,100
Unsecured Notes Loans Payable$14,000$6,000▼ $8,000
Total Liabilities$7,953,792$15,511,954▲ $7,558,162
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,857,997$2,790,638▼ $67,359
Net Assets With Donor Restrictions$559,364$885,790▲ $326,426
Total Net Assets Fund Balance$3,417,361$3,676,428▲ $259,067
Total Liabilities and Net Assets / Fund Balance$11,371,153$19,188,382▲ $7,817,229

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,256,103$1,029,982$3,286,085
Land$334,600-$334,600
Equipment$22,699$88,443$111,142
Other Assets Org$5,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$30,659-▲ $7,114-$37,773
2020$29,544-▲ $2,546$1,431$30,659
2019$27,645-▲ $3,380$1,481$29,544
2018$30,077-▼ $3,132-$26,945
2017$28,385-▲ $2,392-$30,777
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Louise MartoranoExecutive DirectorFT$92,830$2,785$95,615

Board Members and Trustees

NameTitle
Greg LaugeroPresident
Fred GlickVice Chair
Chad BerrethDirector
Davian GagneDirector
Dina BleeckerDirector
Dr Ella Maria RayDirector
Dr Paul HamiltonDirector
Jason JonesDirector
John DellasalleDirector
Kealey BoydDirector
Laura MerageDirector
Lisa GedgaudasDirector
Lori BaumanDirector
Meg SatromDirector
Megan GaffordDirector
Thomas Detour EvansDirector
Yael NyholmDirector
Chris RothSecretary
Brian ShermanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,291,230
Program Service Revenue
$185,212
Investment Income
$7,114
Other Revenue
$0
All Other Contributions
$1,591,724
Change in Net Assets
$259,067

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,483,556
Revenue Not Reported on Form 990
$2,300
Total Revenue per Audited Statements
$2,485,856
Total Revenue per Form 990
$2,483,556
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,052,745
Salaries, Compensation, and Employee Benefits$694,744
Grants and Similar Amounts Paid$477,000
Total Fundraising Expense$132,453
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$351,219$70,972$63,331$485,522
Grants to Domestic Orgs$427,000--$427,000
Fees for Services Other$51,044$45,260$10,100$106,404
Depreciation Depletion$90,911$4,785-$95,696
Current Officers, Directors, Trustees, and Key Employees$59,411$15,781$17,638$92,830
Other Employee Benefits$42,670$9,015$8,414$60,099
Occupancy$56,375$2,967-$59,342
Payroll Taxes$39,968$8,444$7,881$56,293
All Other Expenses$31,817$13,904$10,452$56,173
Grants to Domestic Individuals$50,000--$50,000
Advertising$20,305$1,450$7,252$29,007
Travel$26,607$1,102$1,211$28,920
Insurance$26,868$1,414-$28,282
Office Expenses$9,919$11,202$2,555$23,676
Other Expenses$19,906-$3,183$19,906
Information Technology$8,844$603$436$9,883
Total Functional Expenses$1,905,137$186,899$132,453$2,224,489

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,226,789
Expenses per Audited Statements$2,224,489
Total Expenses per Form 990$2,224,489
Expenses Not Reported on Form 990$2,300
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Northwest Co Visiting Nurse aSteamboat Sprin, CO501c3Arts in Society Project$30,000
The Red Road ProjectDenver, CO501c3Arts in Society Project$30,000
Farm-to-spaceshipDenver, CO501c3Arts in Society Project$25,000
Salt LLCBoulder, CO501c3Arts in Society Project$25,000
Sounds Affects MusicFort Collins, CO501c3Arts in Society Project$25,000
Su Teatro IncDenver, CO501c3Arts in Society Project$25,000
The Coyote School ElsewherePaonia, CO501c3Arts in Society Project$25,000
The Hadanou Collective VocalDenver, CO501c3Arts in Society Project$25,000
Chicanoa Murals of Co ProjecGolden, CO501c3Arts in Society Project$20,000
El Sistema ColoradoDenver, CO501c3Arts in Society Project$20,000
Mt Rose Health Center PalliatTrinidad, CO501c3Arts in Society Project$20,000
State Historical Society of CDemver, CO501c3Arts in Society Project$20,000
The Daily Center for the ArtsBoulder, CO501c3Arts in Society Project$20,000
Access GalleryDenver, CO501c3Arts in Society Project$15,000
Friends of the Genoa TowerDenver, CO501c3Arts in Society Project$15,000
Mt Carmel Veterans Services CColorado Spring, CO501c3Arts in Society Project$15,000
Youth Employment AcademyDenver, CO501c3Arts in Society Project$15,000
Colorado TintsSalida, CO501c3Arts in Society Project$10,000
Japanese Arts NetworkBroomfield, CO501c3Arts in Society Project$10,000
The Regents of UccsColorado Spring, CO501c3Arts in Society Project$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$62,210
Fundraising Gross Income$62,210
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$150,556$62,210$62,210$0
Total Events$150,556$62,210$62,210-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Amounts Held as Agent$15,415,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft of the 990 is provided to the board's president and treasurer and redline's executive director. Only upon review and approval by these officers is the 990 filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are required to sign a "board agreement" upon joining redline, which contains a conflict of interest statement. Board members also discuss any potential conflicts with redline prior to entering into the transaction.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The total compensation and related benefits of all employees are reviewed and approved by the board annually as part of the annual budgeting process. Consistent with procedures used for the executive director, the total compensation and related benefits of all employees are reviewed and approved by the board annually as part of the annual budgeting process.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Redline maintains copies of its governing documents, conflicts of interest policy, and financial statements in its administrative offices for use by any requesting party upon reasonable request.

Filing and Contact Details

Filer

Filer Name
Redline
EIN
26-0317963
Phone
3032964448
Address
2350 ARAPAHOE STREET, DENVER, CO 80205

Signing Officer

Name
Louise Martorano
Title
Executive Director
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louise Martorano
Formed
2007
Legal Domicile
Co
Voting Board Members
19
Independent Board Members
19
Employees
17
Volunteers
35

Preparer

Firm
Olson Reyes & Sauerwein LLC
Address
5161 E Arapahoe Road Suite 100, Centennial, CO 80122
Preparer
Zachary D Pietrocarlo
Phone
3038895981
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: artist in residency program: redline's artist in residence program is a socially engaged residency platform through which emerging artists receive a two-year fully subsidized studio space in a multi-faceted arts environment where art, education, and community converge. Artists apply and receive free studio space after a three-tiered application process that illustrates their need for space (based on their financial situation) and commitment to engaging, sharing, and teaching arts education and community in return for the subsidized space, career development, networks and professional opportunities. On average, 99% of the artists redline serves through the residency program are below the colorado median income for 2 person households. Artists-in-residence participate in redline's community/education programs by sharing their own artistic practice with under-resourced youth and adults. The residency provides mentorship from established local and visiting artists, curators, and directors. The open studio door aspect of the residency seeks to break down the wall that can oftentimes exist between engagement with the arts and community by making the connection between artist and visitor possible and emphasized. Visitors are welcome to walk into each studio at redline and engage directly with the artist and the artist in turn gets to build their network of support through these fostered connections.also, through the artist residency program, emerging artists develop relationships with other artists in a collaborative setting that leads to healthy engagement and mutual support as each develops his, her or their own practice. Over the past four years, redline has also responded to the need for outgoing resident artists and community-based artists with a satellite residency. This program is focused on increasing the inventory of affordable studio space in the denver metro area through strategic partnerships with developers, property owners and cultural organizations. Since launching the program, redline has secured 5 new partnerships that have resulted in 8 studios at the artpark (five points),2 studios at x denver (downtown), 14 studios at the evans school (baker neighborhood) and 8 live/workspaces at the blue house (five points). Community: redline's community studio serves as a hub for practical and creative engagement for the community to convene and solve community challenges. Presently, redline's community studio has programmatic activity four of the six possible days a week that redline is open. Redline uses community outreach data as a tool for social engagement and program planning to mobilize local stakeholders to address a wide array of local social issues. Resident artists act as a resource as they engage with community members through education programs, collaborative partnerships, and open-door studio policy. Furthermore, the community studio is an educational space where art persists as a vehicle to express the challenges of urban life. The community studio includes the morris & joyce price art bank, which is a program set up to receive art supply donations for artists of all ages who do not have the resources for their academic or professional art practice. Redline also actively leads and participates in community task forces and alliances to build awareness, share best practices, and offer workshops around inclusivity, diversity, equity, and accessibility as part of organizational development. Redline's 48 hours of socially engaged art & conversation summit, inspired by denver's cultural plan, is one of our best annual examples of collaborating with many organizations across the cultural sector that engage best practices in i.d.e.a. Work for the purpose of resource sharing and learning amongst nonprofits, artists, and community members.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Endowment funds will be used to support the long-term needs of redline.

Part X : FIN48 Footnote

Redline applies a more-likely-than-not measurement methodology to reflect the financial statement impact of uncertain tax positions taken or expected to be taken in a tax return. After evaluating the tax positions taken, none are considered to be uncertain; therefore, no amounts have been recognized as of december 31, 2021 and 2020.

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IRS990/Desc0REGRANTING PROGRAM: REDLINE CONTINUES TO SUPPORT THE RELATIONSHIP BETWEEN ARTS AND INTERSECTIONAL/CROSS-SECTOR WORK THROUGH OUR REGRANTING PROGRAMS LIKE ARTS IN SOCIETY; A COLLABORATION THAT CURRENTLY INCLUDES FUNDING FROM BONFILS-STANTON FOUNDATION, COLORADO HEALTH FOUNDATION, DENVER ARTS & VENUES, AND COLORADO CREATIVE INDUSTRIES. INSITE FUND; A COLLABORATION WITH THE ANDY WARHOL FOUNDATION FOR THE VISUAL ARTS, SAFE CREATIVE SPACE; A PARTNERSHIP WITH THE OFFICE OF COMMUNITY PLANNING AND DEVELOPMENT AND ARTS & VENUES, AND THE ARTWORKS PROGRAM; IN COLLABORATION WITH FEDERAL EMERGENCY MANAGEMENT AGENCY (FEMA) AND RESILIENCE ACTION PARTNERS. ALL OF THESE PROGRAMS ARE DETAILED ON REDLINES WEBSITE UNDER OUR ART GRANTS MENU. IN ADDITION, SINCE 2020, REDLINE CONTINUES TO BE IN PARTNERSHIP WITH OUR CITY AND STATE ARTS AGENCY TO HELP FACILITATE RELIEF, RECOVERY AND RESPONSIVE REGRANTING FOR THE CITY AND THE STATE THROUGH A PUBLIC PROPOSAL AND BID PROCESS. EACH OF THESE PROGRAMS FILL A UNIQUE GAP IN COLORADO PHILANTHROPY AND GOVERNMENT PARTNERSHIP IN THAT WITHOUT REDLINES PARTNERSHIP, OFTENTIMES THIS CROSS-SECTOR WORK WOULD NOT BE AVAILABLE TO ARTISTS, COLLECTIVES OR ORGANIZATIONS THAT ARE DOING UNIQUE PROJECTS THAT GO BEYOND THE SCOPE OF JUST ARTS FUNDING. BELOW IS A SUMMARY OF THIS WORK AND THE UNIQUE GAP IT FILLS AND PARTNERSHIPS BETWEEN LOCAL, CITY AND STATE PHILANTHROPY AND GOVERNMENT. THE SAFE OCCUPANCY PROGRAM & SAFE CREATIVE SPACE FUND: IN 2018, REDLINE PARTNERED WITH THE GATES FAMILY FOUNDATION, THE OFFICE OF COMMUNITY PLANNING & DEVELOPMENT, AND DENVER ARTS & VENUES TO LAUNCH THE SAFE OCCUPANCY PROGRAM & SAFE CREATIVE SPACE FUND. THIS PROGRAM AND FUND PROVIDES GRANTS TO ARTISTS AND/OR CREATIVE SPACE OWNERS TO BRING THEIR SPACES UP TO CODE AND ADDRESS ANY BUILDING SAFETY CONCERNS IN RELATION TO THEIR CREATIVE USES. THE SAFE OCCUPANCY PROGRAM & SAFE CREATIVE SPACE FUND IS IN DIRECT RESPONSE TO THE GROWING NEED FOR ARTISTS TO HAVE ACCESS TO FUNDING AND PROFESSIONAL DEVELOPMENT SUPPORT TO OPERATE SAFE AND CREATIVE SPACES WITHIN DENVER COUNTY. THIS PROGRAM HAS HELPED 10 ARTIST-RUN SPACES TO BRING THEIR SPACES UP TO CODE AND REMAIN IN OPERATION. BY YEAR END 2022, A FINAL REPORT WILL BE DISTRIBUTED AND A REQUEST WITH THE PARTNERS TO RENEW THE PROGRAM. IN-SITE FUND: IN 2019, REDLINE BECAME ONE OF 13 ORGANIZATIONS ACROSS THE COUNTRY THAT ADMINISTER THE ANDY WARHOL FOUNDATION'S REGIONAL REGRANTING PROGRAM. THIS PROJECT-BASED SMALL GRANTS PROGRAM SPECIFICALLY SUPPORTS ARTISTS AND COLLECTIVES THAT NEED FUNDING AND RESOURCES FOR TEMPORARY AND UNDER THE RADAR PROJECTS WITHIN A 100-MILE RADIUS OF DENVER. DISTRIBUTING UP TO $7,500 GRANTS, THESE PROJECTS SUPPORT ARTISTS THAT MAY NOT HAVE AN INSTITUTIONAL RELATIONSHIP OR OPPORTUNITY BUT CAN UTILIZE THE FUNDS TO HELP THEIR PROJECTS BE REALIZED BEYOND THE GALLERY, MUSEUM OR ART SPACE CONTEXT. IN 2021, REDLINE ALSO CONTINUED OUR WORK TO DISTRIBUTED THE CO ARTS RELIEF FUND IN RESPONSE TO THE PANDEMIC THAT WAS A STATE FUNDED RELIEF GRANT FOR NONPROFITS, INDIVIDUALS, MUSIC VENUES, AND OTHER CULTURAL ORGANIZATIONS ACROSS THE STATE, WHICH BETWEEN 2021 AND 2022 RESULTED IN 15 MILLION IN PASSTHROUGH RELIEF FUNDS. REDLINE ALSO HELPED TO DISTRIBUTE MULTIPLE ROUNDS OF CARES FUNDING IN PARTNERSHIP WITH OUR CITY ARTS AGENCY, DENVER ARTS & VENUES. HAVING PREVIOUSLY BEEN IN PARTNERSHIP WITH BOTH THE CITY AND THE STATE ARTS AGENCY AS PART OF OUR ARTS IN SOCIETY PROGRAM, THESE EFFORTS AND PARTNERSHIP WERE ABLE TO BE SWIFTLY IMPLEMENTED IN RESPONSE TO THE PANDEMIC AND RELIEF NEEDS BECAUSE THE PRE-EXISTING RELATIONSHIPS AND AGREEMENTS PRE-DATED 2020
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