Civic Intelligence

Downtown Denver Expeditionary School

990 • Fiscal year 2021 • EIN 46-0869534

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 29, 2021

1860 Lincoln StreetDenver, CO 80203

(720) 424-2350

Siviq Scores

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

Liabilities / Assets

95th percentile

1.18x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

0.97x

Higher debt load relative to revenue than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

26th percentile

0.2%

Higher net margin than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

71st percentile

$104,030

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

73rd percentile

24%

Faster asset growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

15th percentile

-17%

Faster revenue growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,932,845

Up $572,533 (+24%) from 2020

Net Assets

Up

-$515,605

Up $8,144 (+1.6%) from 2020

Liabilities

Up

$3,448,450

Up $564,389 (+20%) from 2020

Revenue

Down

$3,570,201

Down $748,402 (-17%) from 2020

Expenses

Down

$3,562,057

Down $712,147 (-17%) from 2020

Net Income

Down

$8,144

Down $36,255 (-82%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $1Liabilities 2011: $02011Assets 2013: $164,822Liabilities 2013: $158,455Net Assets 2013: $6,3672013Assets 2014: $218,768Liabilities 2014: $81,405Net Assets 2014: $137,3632014Assets 2015: $810,066Liabilities 2015: $1,083,061Net Assets 2015: -$272,9952015Assets 2016: $1,712,282Liabilities 2016: $2,110,273Net Assets 2016: -$397,9912016Assets 2017: $3,009,287Liabilities 2017: $3,707,537Net Assets 2017: -$698,2502017Assets 2018: $2,428,701Liabilities 2018: $3,738,388Net Assets 2018: -$1,309,6872018Assets 2019: $2,053,967Liabilities 2019: $2,622,115Net Assets 2019: -$568,1482019Assets 2020: $2,360,312Liabilities 2020: $2,884,061Net Assets 2020: -$523,7492020Assets 2021: $2,932,845Liabilities 2021: $3,448,450Net Assets 2021: -$515,6052021Assets 2022: $2,426,040Liabilities 2022: $2,066,145Net Assets 2022: $359,8952022Assets 2023: $2,945,290Liabilities 2023: $2,127,702Net Assets 2023: $817,5882023Assets 2024: $4,370,553Liabilities 2024: $3,245,014Net Assets 2024: $1,125,5392024Assets 2025: $3,475,188Liabilities 2025: $1,644,698Net Assets 2025: $1,830,4902025

Highlighted filing

2021

Assets$2,932,845
Liabilities$3,448,450
Net Assets-$515,605

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Revenue 2013: $271,043Expenses 2013: $264,676Net Income 2013: $6,3672013Revenue 2014: $1,769,351Expenses 2014: $1,638,355Net Income 2014: $130,9962014Revenue 2015: $2,698,270Expenses 2015: $2,502,804Net Income 2015: $195,4662015Revenue 2016: $3,264,829Expenses 2016: $3,389,825Net Income 2016: -$124,9962016Revenue 2017: $4,136,439Expenses 2017: $4,391,698Net Income 2017: -$255,2592017Revenue 2018: $4,164,316Expenses 2018: $4,633,512Net Income 2018: -$469,1962018Revenue 2019: $4,647,290Expenses 2019: $3,905,751Net Income 2019: $741,5392019Revenue 2020: $4,318,603Expenses 2020: $4,274,204Net Income 2020: $44,3992020Revenue 2021: $3,570,201Expenses 2021: $3,562,057Net Income 2021: $8,1442021Revenue 2022: $4,170,768Expenses 2022: $3,295,268Net Income 2022: $875,5002022Revenue 2023: $4,536,554Expenses 2023: $4,078,861Net Income 2023: $457,6932023Revenue 2024: $4,761,475Expenses 2024: $4,453,524Net Income 2024: $307,9512024Revenue 2025: $5,362,759Expenses 2025: $4,657,808Net Income 2025: $704,9512025

Highlighted filing

2021

Revenue$3,570,201
Expenses$3,562,057
Net Income$8,144
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 29, 2021
Return Version
2020v4.0
Gross Receipts
$3,570,201
Mission and Program Overview

Mission

The organization follows the expeditionary learning model to offer a diverse, caring, and collaborative learning environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,450,066$1,290,675▼ $159,391
Accounts Receivable$166,569$251,694▲ $85,125
Land, Buildings, and Equipment, Net$142,010$122,144▼ $19,866
Prepaid Expenses and Deferred Charges$4,769--
Rtn Earn Endowment Incm Other Fnds$-523,749$-515,605▲ $8,144
Total Assets$2,360,312$2,932,845▲ $572,533
Other Assets Total$596,898$1,268,332▲ $671,434
Liabilities
Other Liabilities$2,883,063$3,448,450▲ $565,387
Accounts Payable and Accrued Expenses$998--
Total Liabilities$2,884,061$3,448,450▲ $564,389
Net Assets / Fund Balance
Total Net Assets Fund Balance$-523,749$-515,605▲ $8,144
Total Liabilities and Net Assets / Fund Balance$2,360,312$2,932,845▲ $572,533

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$99,126$90,666$189,792
Leasehold Improvements$23,018$18,410$41,428
Other Assets Org$46,228--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Letia FrandinaExecutive DiFT$104,030$104,030

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$456,859
Program Service Revenue
$3,112,946
Investment Income
$396
Other Revenue
$0
All Other Contributions
$35,220
Change in Net Assets
$8,144

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,570,201
Total Revenue per Audited Statements
$3,570,201
Total Revenue per Form 990
$3,570,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,616,998
Other Expenses$945,059
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,431,861$685,552-$2,117,413
Occupancy-$280,068-$280,068
Pension Plan Contributions$219,868$45,797-$265,665
Other Employee Benefits$134,177$70,150-$204,327
Fees for Services Other-$76,014-$76,014
Fees for Services Accounting-$71,254-$71,254
All Other Expenses$24,051$33,423-$57,474
Advertising-$44,993-$44,993
Insurance-$41,248-$41,248
Payroll Taxes$20,715$8,878-$29,593
Other Expenses$144,618$25,351-$25,351
Depreciation Depletion-$19,866-$19,866
Office Expenses-$6,472-$6,472
Travel-$4,403-$4,403
Fees for Services Legal-$1,211-$1,211
Total Functional Expenses$1,975,290$1,586,767$0$3,562,057

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,562,057
Total Expenses per Audited Statements$3,562,057
Total Expenses per Form 990$3,562,057
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflows Related to Pension$1,875,804
Pension Liability$1,204,059
Accrued Salaries and Benefits$161,305
Deferred Inflows Related to Opeb$127,969
Opeb Liability$79,313
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
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, Page 6, Part VI, Line 11B

The form 990 is reviewed by the contract cfo prior to filing

Form 990, Page 6, Part VI, Line 15A

The board analyzes the current market and compares pay at similar schools to determine the salary of the head of school.

Form 990, Page 6, Part VI, Line 19

Financial policies are available upon request

Filing and Contact Details

Filer

Filer Name
Downtown Denver Expeditionary
EIN
46-0869534
Phone
7204242350
Address
1860 LINCOLN STREET, DENVER, CO 80203

Signing Officer

Name
Marisa Walters
Title
Board Chair
Phone
7204242350
Signed
2021-11-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marisa Walters
Formed
2013
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
74
Volunteers
8

Preparer

Firm
Prospective Business Solutions LLC
Address
26 W DRY CREEK CIRCLE SUITE 600, LITTLETON, CO 80120
Preparer
Uli Keeley CPA
Phone
7202176601
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYContributionsGrantsAmt0415880
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06699
IRS990/PYOtherExpensesAmt01074936
IRS990/PYOtherRevenueAmt0528852
IRS990/PYProgramServiceRevenueAmt03367172
IRS990/PYRevenuesLessExpensesAmt044399
IRS990/PYSalariesCompEmpBnftPaidAmt03199268
IRS990/PYTotalExpensesAmt04274204
IRS990/PYTotalRevenueAmt04318603
IRS990/ReconcilationRevenueExpnssAmt08144
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-523749
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-515605
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt099126
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090666
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0189792
IRS990ScheduleD/ExpensesSubtotalAmt03562057
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt023018
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt018410
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt041428
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01222104
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt146228
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOW RELATED TO OPEB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01875804
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11204059
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2161305
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3127969
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt479313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED SALARIES AND BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INFLOWS RELATED TO OPEB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OPEB LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt03570201
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0122144
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01268332
IRS990ScheduleD/TotalExpensesPerForm990Amt03562057
IRS990ScheduleD/TotalLiabilityAmt03448450
IRS990ScheduleD/TotalRevenuePerForm990Amt03570201
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03570201
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03562057
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THESE POLICIES ARE AVAILABLE UPON REQUEST
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES PPR FUNDING AND VARIOUS STATE AND FEDERAL GRANTS FROM THE COLORADO DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE CONTRACT CFO PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD ANALYZES THE CURRENT MARKET AND COMPARES PAY AT SIMILAR SCHOOLS TO DETERMINE THE SALARY OF THE HEAD OF SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL POLICIES ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02360312
IRS990/TotalAssetsEOYAmt02932845
IRS990/TotalAssetsGrp/BOYAmt02360312
IRS990/TotalAssetsGrp/EOYAmt02932845
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0456859
IRS990/TotalEmployeeCnt074
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01586767
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01975290
IRS990/TotalFunctionalExpensesGrp/TotalAmt03562057
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02884061
IRS990/TotalLiabilitiesEOYAmt03448450
IRS990/TotalLiabilitiesGrp/BOYAmt02884061
IRS990/TotalLiabilitiesGrp/EOYAmt03448450
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-523749
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-515605
IRS990/TotalProgramServiceExpensesAmt01975290
IRS990/TotalProgramServiceRevenueAmt03112946
IRS990/TotalReportableCompFromOrgAmt0104030
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03113342
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03570201
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02360312
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02932845
IRS990/TravelGrp/ManagementAndGeneralAmt04403
IRS990/TravelGrp/TotalAmt04403
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt01860 LINCOLN STREET
IRS990/USAddress/CityNm0DENVER
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080203
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.DDESCHOOL.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARISA WALTERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum07204242350
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DOWNTOWN DENVER EXPEDITIONARY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0460869534
ReturnHeader/Filer/PhoneNum07204242350
ReturnHeader/Filer/USAddress/AddressLine1Txt01860 LINCOLN STREET
ReturnHeader/Filer/USAddress/CityNm0DENVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080203

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$1.64$1.83$5.36$4.66$0.70
2024Detailed filing. Detailed filing data is available for this year.$4.37$3.25$1.13$4.76$4.45$0.31
2023Detailed filing. Detailed filing data is available for this year.$2.95$2.13$0.82$4.54$4.08$0.46
2022Detailed filing. Detailed filing data is available for this year.$2.43$2.07$0.36$4.17$3.30$0.88
2021Detailed filing. Detailed filing data is available for this year.$2.93$3.45$0.52$3.57$3.56$0.01
2020Summary only. Only limited summary data is available for this year.$2.36$2.88$0.52$4.32$4.27$0.04
2019Summary only. Only limited summary data is available for this year.$2.05$2.62$0.57$4.65$3.91$0.74
2018Summary only. Only limited summary data is available for this year.$2.43$3.74$1.31$4.16$4.63$0.47
2017Summary only. Only limited summary data is available for this year.$3.01$3.71$0.70$4.14$4.39$0.26
2016Summary only. Only limited summary data is available for this year.$1.71$2.11$0.40$3.26$3.39$0.12
2015Summary only. Only limited summary data is available for this year.$0.81$1.08$0.27$2.70$2.50$0.20
2014Summary only. Only limited summary data is available for this year.$0.22$0.08$0.14$1.77$1.64$0.13
2013Summary only. Only limited summary data is available for this year.$0.16$0.16$0.01$0.27$0.26$0.01
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00