Civic Intelligence

Denver Institute

990 • Fiscal year 2022 • EIN 46-1031175

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

8100 E Arapahoe Rd 303Centennial, CO 80112

(720) 227-3947

Siviq Scores

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

Liabilities / Assets

57th percentile

0.10x

Higher debt load relative to assets than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

33rd percentile

0.03x

Higher debt load relative to revenue than 33% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

8th percentile

-40%

Higher net margin than 8% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$105,660

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 12.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

1st percentile

-61%

Faster asset growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

24th percentile

-13%

Faster revenue growth than 24% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$217,610

Down $341,584 (-61%) from 2021

Net Assets

Down

$195,478

Down $353,361 (-64%) from 2021

Liabilities

Up

$22,132

Up $11,777 (+114%) from 2021

Revenue

Down

$878,861

Down $126,783 (-13%) from 2021

Expenses

Up

$1,232,222

Up $128,779 (+12%) from 2021

Net Income

Down

-$353,361

Down $255,562 (-261%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2014: $45,748Liabilities 2014: $1,6382014Assets 2015: $251,375Liabilities 2015: $10,159Net Assets 2015: $241,2162015Assets 2016: $385,146Liabilities 2016: $14,608Net Assets 2016: $370,5382016Assets 2017: $456,097Liabilities 2017: $14,402Net Assets 2017: $441,6952017Assets 2018: $453,981Liabilities 2018: $27,850Net Assets 2018: $426,1312018Assets 2019: $402,917Liabilities 2019: $29,836Net Assets 2019: $373,0812019Assets 2020: $657,767Liabilities 2020: $9,535Net Assets 2020: $648,2322020Assets 2021: $559,194Liabilities 2021: $10,355Net Assets 2021: $548,8392021Assets 2022: $217,610Liabilities 2022: $22,132Net Assets 2022: $195,4782022Assets 2023: $203,221Liabilities 2023: $11,819Net Assets 2023: $191,4022023Assets 2024: $396,446Liabilities 2024: $24,442Net Assets 2024: $372,0042024

Highlighted filing

2022

Assets$217,610
Liabilities$22,132
Net Assets$195,478

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $128,173Expenses 2014: $124,823Net Income 2014: $3,3502014Revenue 2015: $462,570Expenses 2015: $265,464Net Income 2015: $197,1062015Revenue 2016: $655,773Expenses 2016: $519,044Net Income 2016: $136,7292016Revenue 2017: $689,665Expenses 2017: $623,106Net Income 2017: $66,5592017Revenue 2018: $655,466Expenses 2018: $668,292Net Income 2018: -$12,8262018Revenue 2019: $707,705Expenses 2019: $760,729Net Income 2019: -$53,0242019Revenue 2020: $1,174,701Expenses 2020: $899,955Net Income 2020: $274,7462020Revenue 2021: $1,005,644Expenses 2021: $1,103,443Net Income 2021: -$97,7992021Revenue 2022: $878,861Expenses 2022: $1,232,222Net Income 2022: -$353,3612022Revenue 2023: $1,180,271Expenses 2023: $1,184,346Net Income 2023: -$4,0752023Revenue 2024: $1,374,035Expenses 2024: $1,193,433Net Income 2024: $180,6022024

Highlighted filing

2022

Revenue$878,861
Expenses$1,232,222
Net Income-$353,361
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$1,101,587
Mission and Program Overview

Mission

The mission of denver institute for faith & work is to form men and women who live with christ in all of life, bear witness to the gospel in every area of culture, and serve the needs of the world with the work of thier hands.

To form men and women to serve God, neighbor, and society through their daily work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$165,993$213,527▲ $47,534
Investments in Publicly Traded Securities$190,444--
Land, Buildings, and Equipment, Net$3,947$0▼ $3,947
Savings and Temporary Cash Investments$196,636$1,909▼ $194,727
Total Assets$559,194$217,610▼ $341,584
Other Assets Total$2,174$2,174→ $0
Liabilities
Accounts Payable and Accrued Expenses$10,355$22,132▲ $11,777
Total Liabilities$10,355$22,132▲ $11,777
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$448,839$154,859▼ $293,980
Net Assets With Donor Restrictions$100,000$40,619▼ $59,381
Total Net Assets Fund Balance$548,839$195,478▼ $353,361
Total Liabilities and Net Assets / Fund Balance$559,194$217,610▼ $341,584

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$14,864-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeffery HaananFormer CEO (term ended August '22)FT$97,000$8,660$105,660
Ross ChapmanCEO (term began August '22)FT$35,475$1,725$37,200

Board Members and Trustees

NameTitle
Bob LarkinChairman
Doug SmithDirector
Eric MostDirector
Jeanne Oh KimDirector
Marcy McGovernDirector
Jill AnschutzSecretary
Adam HasemeyerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$781,702
Program Service Revenue
$104,472
Investment Income
$-7,313
Other Revenue
$0
All Other Contributions
$781,702
Change in Net Assets
$-353,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$742,720
Other Expenses$486,686
Total Fundraising Expense$241,962
Grants and Similar Amounts Paid$2,816
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$373,023$74,613$116,921$564,557
Conferences and Meetings$157,101--$157,101
Current Officers, Directors, Trustees, and Key Employees$59,004$30,432$53,424$142,860
Occupancy$32,898$32,795$31,830$97,523
Fees for Services Other$72,686$7,063-$79,749
Office Expenses$16,969$6,548$6,368$29,885
Payroll Taxes$16,439$3,997$6,482$26,918
Advertising-$26,229-$26,229
Fees for Services Accounting-$18,734-$18,734
Travel$3,891$4,883$1,449$10,223
Information Technology$8,166--$8,166
Pension Plan Contributions$3,472$844$1,369$5,685
Depreciation Depletion$2,410$586$950$3,946
Grants to Domestic Individuals$2,816--$2,816
Other Employee Benefits$1,649$401$650$2,700
Insurance$843$867$842$2,552
Other Expenses$1,172$0$0$1,172
Total Functional Expenses$782,268$207,992$241,962$1,232,222
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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, Section A, line 8B

Meetings by individual committees were not documented or recorded.

Form 990, Part VI, Section B, line 11B

The Organization has provided a complete copy of this Form 990 to all members of its governing body before filing the form.

Form 990, Part VI, Section B, line 12C

The conflict of interest policy is reviewed periodically. Officers and directors of the board are required to disclose any interests that could give rise to conflicts. Any potential conflicts of interest are discussed and resolved by the board of directors.

Form 990, Part VI, Section B, line 15

The board chair formally evaluates the CEO annually, based on achievement of organizational goals and any other specific goals that the board and the CEO have agreed upon in advance, as well as the CEO's own written self-evaluation, and invites comments from all board members after they have seen the self-evaluation. After meeting with the CEO, the board chair reviews the evaluation with the board, including recommendations on the CEO's compensation, which the board then acts upon. The CEO also presents data from the Colorado nonprofit association biennial salary and benefits survey to the board for review and consideration. Approved compensation amendments take effect upon the start of the new budget cycle. The CEO performs an annual evaluation of all VPs in the organization and determines the annual salary based upon the evaluation and comparison to the biennial Colorado nonprofit association salary and benefits survey. Ultimately, the board approves the annual budget, which includes those salaries.

Form 990, Part VI, Section C, line 19

The organization's governing documents, conflict of interest policy, and financial statements are made availiable to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Denver Institute
EIN
46-1031175
Phone
7202273947
Address
8100 E Arapahoe Rd 303, Centennial, CO 80112
Doing Business As
Denver Institue for Faith and Work

Signing Officer

Name
Robert Larkin
Title
Board Chair
Phone
7202273947
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Larkin
Formed
2012
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
7
Employees
10
Volunteers
20

Preparer

Firm
BiggsKofford PC
Address
630 Southpointe Court Suite 200, Colorado Springs, CO 80906
Preparer
Bret Wichert
Phone
7195799090
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IRS990/PrincipalOfficerNm0Robert Larkin
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IRS990/ProgramServiceRevenueGrp/Desc0Public events
IRS990/ProgramServiceRevenueGrp/Desc15280 Fellowship tuitio
IRS990/ProgramServiceRevenueGrp/Desc2CityGate Partners
IRS990/ProgramServiceRevenueGrp/Desc3Educational resources
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IRS990/ProgSrvcAccomActy2Grp/Desc05280 Fellowship - This is a rigorous and selective nine-month leadership program for emerging leaders in Denver, Colorado. The program consists of theological study, spiritual formation, professional development, and learning from senior leaders in the city.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CityGate - This initiative connects leaders and organizations from across the country who are committed to changing their cities. CityGate hosts annual gatherings, regular training webinars, and supports the development of vocational discipleship programs like the 5280 Fellowship in other cities.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Educational resources - This program includes over 27 courses on the Denver Institute's Scatter platform and provides faith and work podcasts. The program also includes church partnership network and vocational groups. Throughout these avenues, the Denver Institute equips their followers with resources to explore and further their self-development and connections among peers and colleagues.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Meetings by individual committees were not documented or recorded.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization has provided a complete copy of this Form 990 to all members of its governing body before filing the form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The conflict of interest policy is reviewed periodically. Officers and directors of the board are required to disclose any interests that could give rise to conflicts. Any potential conflicts of interest are discussed and resolved by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board chair formally evaluates the CEO annually, based on achievement of organizational goals and any other specific goals that the board and the CEO have agreed upon in advance, as well as the CEO's own written self-evaluation, and invites comments from all board members after they have seen the self-evaluation. After meeting with the CEO, the board chair reviews the evaluation with the board, including recommendations on the CEO's compensation, which the board then acts upon. The CEO also presents data from the Colorado nonprofit association biennial salary and benefits survey to the board for review and consideration. Approved compensation amendments take effect upon the start of the new budget cycle. The CEO performs an annual evaluation of all VPs in the organization and determines the annual salary based upon the evaluation and comparison to the biennial Colorado nonprofit association salary and benefits survey. Ultimately, the board approves the annual budget, which includes those salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization's governing documents, conflict of interest policy, and financial statements are made availiable to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
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IRS990/SignificantNewProgramSrvcInd00

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