Civic Intelligence

Posner Center for International Development

990 • Fiscal year 2020 • EIN 46-4406422

Jan 01, 2020 to Dec 31, 2020 • Filed on May 12, 2021

1031 33rd Street Rm/Ste 140Denver, CO 80205

(720) 382-7631

Siviq Scores

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

Liabilities / Assets

69th percentile

0.20x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.17x

Higher debt load relative to revenue than 67% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

16th percentile

-20%

Higher net margin than 16% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$91,155

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

10th percentile

-12%

Faster asset growth than 10% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

33rd percentile

-14%

Faster revenue growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$542,589

Down $73,322 (-12%) from 2019

Net Assets

Down

$431,576

Down $125,885 (-23%) from 2019

Liabilities

Up

$111,013

Up $52,563 (+90%) from 2019

Revenue

Down

$650,105

Down $104,534 (-14%) from 2019

Expenses

Down

$778,780

Down $22,575 (-2.8%) from 2019

Net Income

Down

-$128,675

Down $81,959 (-175%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $291,870Liabilities 2013: $99,038Net Assets 2013: $192,8322013Assets 2014: $339,709Liabilities 2014: $71,034Net Assets 2014: $268,6752014Assets 2015: $454,518Liabilities 2015: $82,385Net Assets 2015: $372,1332015Assets 2016: $485,831Liabilities 2016: $40,483Net Assets 2016: $445,3482016Assets 2017: $503,781Liabilities 2017: $58,692Net Assets 2017: $445,0892017Assets 2018: $654,063Liabilities 2018: $53,248Net Assets 2018: $600,8152018Assets 2019: $615,911Liabilities 2019: $58,450Net Assets 2019: $557,4612019Assets 2020: $542,589Liabilities 2020: $111,013Net Assets 2020: $431,5762020Assets 2021: $563,092Liabilities 2021: $73,759Net Assets 2021: $489,3332021Assets 2022: $457,382Liabilities 2022: $87,391Net Assets 2022: $369,9912022Assets 2023: $339,377Liabilities 2023: $50,456Net Assets 2023: $288,9212023Assets 2024: $306,038Liabilities 2024: $98,615Net Assets 2024: $207,4232024

Highlighted filing

2020

Assets$542,589
Liabilities$111,013
Net Assets$431,576

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $654,551Expenses 2014: $578,708Net Income 2014: $75,8432014Revenue 2015: $830,508Expenses 2015: $721,268Net Income 2015: $109,2402015Revenue 2016: $846,854Expenses 2016: $773,639Net Income 2016: $73,2152016Revenue 2017: $692,422Expenses 2017: $692,681Net Income 2017: -$2592017Revenue 2018: $949,986Expenses 2018: $792,625Net Income 2018: $157,3612018Revenue 2019: $754,639Expenses 2019: $801,355Net Income 2019: -$46,7162019Revenue 2020: $650,105Expenses 2020: $778,780Net Income 2020: -$128,6752020Revenue 2021: $766,128Expenses 2021: $711,334Net Income 2021: $54,7942021Revenue 2022: $743,385Expenses 2022: $858,676Net Income 2022: -$115,2912022Revenue 2023: $670,304Expenses 2023: $747,938Net Income 2023: -$77,6342023Revenue 2024: $604,489Expenses 2024: $685,987Net Income 2024: -$81,4982024

Highlighted filing

2020

Revenue$650,105
Expenses$778,780
Net Income-$128,675
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 12, 2021
Return Version
2020v4.0
Gross Receipts
$650,105
Mission and Program Overview

Mission

The posner center operates a shared workspace for international development organizations in denver, colorado that engages 100+ tenants and members. Our mission is to build a community of innovators who grow lasting solutions to global poverty.

The posner center's mission is to catalyze the global development community, at home and abroad, to collaborate for greater impact, with a vision for a more equitable and prosperous world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$228,648$141,013▼ $87,635
Cash and Non-Interest-Bearing Accounts$137,147$132,927▼ $4,220
Savings and Temporary Cash Investments$92,983$117,675▲ $24,692
Land, Buildings, and Equipment, Net$103,886$101,224▼ $2,662
Investments in Publicly Traded Securities$27,050$29,840▲ $2,790
Prepaid Expenses and Deferred Charges$22,289$19,910▼ $2,379
Accounts Receivable$3,908--
Total Assets$615,911$542,589▼ $73,322
Liabilities
Other Liabilities$37,630$88,696▲ $51,066
Accounts Payable and Accrued Expenses$7,687$12,229▲ $4,542
Deferred Revenue$13,133$10,088▼ $3,045
Total Liabilities$58,450$111,013▲ $52,563
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$447,461$341,736▼ $105,725
Net Assets With Donor Restrictions$110,000$89,840▼ $20,160
Total Net Assets Fund Balance$557,461$431,576▼ $125,885
Total Liabilities and Net Assets / Fund Balance$615,911$542,589▼ $73,322

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$79,544$74,386$153,930
Equipment$21,680$122,030$143,710

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$27,050-▲ $3,056-$29,840
2019$23,688-▲ $3,618-$27,050
2018$25,577-▼ $1,635-$23,688
2017$15,000$10,000▲ $577-$25,577
2016-$15,000--$15,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Burke FishburnExecutive DiFT$82,191$8,964$91,155

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$100,959
Program Service Revenue
$549,019
Investment Income
$112
Other Revenue
$15
All Other Contributions
$82,339
Change in Net Assets
$-128,675

Audited Revenue Reconciliation

Revenue per Audited Statements
$650,105
Revenue Not Reported on Form 990
$2,790
Total Revenue per Audited Statements
$652,895
Total Revenue per Form 990
$650,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$434,112
Salaries, Compensation, and Employee Benefits$304,668
Total Fundraising Expense$45,798
Grants and Similar Amounts Paid$40,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$307,718$10,972$4,393$323,083
Other Salaries and Wages$131,095$11,330$19,421$161,846
Current Officers, Directors, Trustees, and Key Employees$73,836$6,380$10,939$91,155
Grants to Domestic Orgs$40,000--$40,000
Other Employee Benefits$26,103$2,256$3,867$32,226
Fees for Services Other$21,482$1,856$3,183$26,521
Depreciation Depletion$22,682$703$47$23,432
Payroll Taxes$15,747$1,361$2,333$19,441
Fees for Services Accounting-$13,945-$13,945
Insurance$3,850$2,133$8$5,991
Office Expenses$1,088$749$1,607$3,444
Other Expenses$2,516$554-$3,070
Advertising$1,582$30-$1,612
Travel$62--$62
Total Functional Expenses$680,664$52,318$45,798$778,780

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$778,780
Total Expenses per Audited Statements$778,780
Total Expenses per Form 990$778,780
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Africa Development PromiseDenver, CO501c3-$20,000
ShadhikaDenver, CO501c3-$20,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Elizabeth Ellis IdeBoard MemberTenant RentNo-
Patrick Rileyglobal AcceleratorBoard MemberTenant RentNo-
Sherry Manningglobal Seed SaversBoard MemberTenant RentNo-
Veronica Cavallaro Ewb-usaBoard MemberTenant RentNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Protection Program Loan$54,700
Tenant Security Deposits$33,996
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
Yes
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, Page 6, Part VI, Line 11B

The posner center's board of directors and officers were involved in the review and approval of the posner center's 990.

Form 990, Page 6, Part VI, Line 12C

The posner center drafted and approved a conflict of interest policy in january 2014. Under the policy, conflicts are to be disclosed immediately upon discovery, and an annual verification is undertaken each year to confirm that no director or officer is aware of any conflicts. The conflict of interest policy will be reviewed and reaffirmed by the board at the end of each year.

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

Compensation for the executive director and other posner center staff was reviewed and approved by the board of directors and took into account review by independent parties and comparison data of salaries for like positions.

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

Compensation for the executive director and other posner center staff was reviewed and approved by the board of directors and took into account review by independent parties and comparison data of salaries for like positions.

Form 990, Page 6, Part VI, Line 19

The posner center posts its governing documents, form 1023 and its 990s on its website. 990s and other filings with the irs will also be available on independent websites such as www.guidestar.org.

Filing and Contact Details

Filer

Filer Name
Posner Center for International
EIN
46-4406422
Phone
7203827631
Address
1031 33RD STREET RM/STE 140, DENVER, CO 80205

Signing Officer

Name
Burke Fishburn
Title
Executive Director
Phone
7205158118
Signed
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Burke Fishburn
Formed
2013
Legal Domicile
Co
Voting Board Members
10
Independent Board Members
10
Employees
4
Volunteers
30

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Ken Roth
Phone
3038308109
Supplemental Narrative

Additional Explanations

Form 990, Part III

The organization's three core strategies to advance its vision and mission are to: 1. Convene the global and local develoment community, working at home and abroad, creating a collaborative culture that is inclusive, diverse, and innovative. 2. Connect its community to share expertise and knowledge, increase organizational capacity, and promote efforts and successes. 3. Catalyze its community through its thought leadership, programming, and advancing best practicies in collaboration. Development organizations face many similar challenges in their work to create change around the world. They also face similar challenges when it comes to office space. Small budgets, competition for limited resources, a lack of connection, and feeling isolated from international teams are among some of the biggest challenges for development professionals, especially in colorado. Posner center was created with the belief that sharing and collaboration can address these challenges and transform the way development work is done. Accomplishments: collaborative workspace. Since 2013 the posner center horse barn building has served as a physical collaborative workspace for approximately 60 organizations that helped create efficiencies and collaboration right from the start. Tenants share space, each occupying their own footprint in the building and sharing meeting rooms of all sizes and access to other office necessities. Virtual community. While the horse barn collaborative workspace provides a physical home for the colorado global and local development community, the posner center is much bigger than the building. This has proven especially true in 2020 when the covid-19 pandemic forced all of us into remote working situations and virtual relationships. The organization successfully brought together its greater virtual community of global and local development professionals in colorado, including nonprofit organizations, large and small, private enterprises, university departments, consultants, service providers, and other concerned about international issues. Even in the pandemic, both the horse barn tenants of posner center's larger virtual community had access to the building and the programming to support their work. Decolonizing development. In 2020 the organization began a new and ambitious commitment to justice, equity, diversity, and inclusion (jedi) issues, both internally and externally. The organization reviewed its policies, practices, and programming through this new jedi lens and set a path for improving its performance in these areas. It also committed to long-term programming on the issue of decolonizing development. This is an area of work with posner center's community and stakeholders to deconstruct colonial ideologies of western thought and approaches' superiority and privilege. On the one hand, decolonization involves dismantling structures that perpetuate the status quo and addressing unbalanced power dynamics. On the other hand, decolonization involves valuing and revitalizing indigenous knowledge and approaches and weeding out settler biases or assumptions that have impacted indigenous ways of being. (b.c. Campus, "decolonization and indigenization" 2018) organizational and professional development. The posner center leads high- quality programs that strengthen its community to amplify their impact around the globe. The organization's programming and grant-making emphasize the creation of community, strategic connections, learning and sharing across the community, and adoption of evidence-based best practice. The imperative to meet the united nation's sustainable development goals means that the global and local development community needs to be leading high- impact, transformative work worldwide. Posner center's investment in organizational and professional development is a critical element of its effort to strengthen the posner center community's development practice. The organization partners with experts in their respectiv

Form 990, Page 2, Part III, Line 4B

The international collaboration fund (icf). Icf is a grant program that is transforming how global development work is done. The posner center funds innovative partnerships within our community, leveraging the power of collaboration for greatest impact. Funded projects strengthen evidence- based best practice in global development, deepen our understanding of collaborative processes, strengthen programs and organizations, and create change in communities worldwide. The learning and value from projects can be applied by other organizations in our community and across sectors. Posner center has now funded 36 projects that granted 405,000 to 71 tenant, member and partner organizations for work in 21 countries. One example of the innovative work the organization has supported is a project between ide and blockchain technology company, bext360, that helped small honduran coffee farmers move up the coffee value chain via blockchain by directly linking farmers in honduras to coffee roasters in the united states. Through this project, which concluded in 2020, ide and bext360 worked to improve supply chain transparency through blockchain technology to address market failures. Their partnership serves as a model for connecting coffee producers and buyers with financial and agricultural technology solutions and the project is a continued evolution of market- based approaches to poverty reduction.

Form 990, Page 2, Part III, Line 4C

Posner center symposium 2020. The inaugural posner center symposium was held in early 2019, convening global development leaders, practitioners, researchers, academics, and supporters to share knowledge, experiences, and lessons learned to improve global development work and contribute to the evidence base of best practices in collaborative global development. The success of the first symposium reflected the enthusiasm and innovation of the posner center community and the rigor of its knowledge and expertise. For the second posner center symposium in february 2020, an even larger community of leaders and practitioners, and academics was convened. With attendees from seattle, california, washington d.c., and mexico mixed with the posner center and colorado communities, there were two days of collective energy, insightful dialogues, and lots of "big & bad" ideas in collaborative global development.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

A permanent endowment fund is held by the rose community foundation for operational purposes. Under the terms of the endowment, the contributions are held in perpetuity, but the organization may take an annual distribution of up to 20% of the fund balance, provided the fund balance does not fall below the principal of the endownment. Distributions may be used for unrestricted purposes.

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE INTERNATIONAL COLLABORATION FUND (ICF). ICF IS A GRANT PROGRAM THAT IS TRANSFORMING HOW GLOBAL DEVELOPMENT WORK IS DONE. THE POSNER CENTER FUNDS INNOVATIVE PARTNERSHIPS WITHIN OUR COMMUNITY, LEVERAGING THE POWER OF COLLABORATION FOR GREATEST IMPACT. FUNDED PROJECTS STRENGTHEN EVIDENCE- BASED BEST PRACTICE IN GLOBAL DEVELOPMENT, DEEPEN OUR UNDERSTANDING OF COLLABORATIVE PROCESSES, STRENGTHEN PROGRAMS AND ORGANIZATIONS, AND CREATE CHANGE IN COMMUNITIES WORLDWIDE. THE LEARNING AND VALUE FROM PROJECTS CAN BE APPLIED BY OTHER ORGANIZATIONS IN OUR COMMUNITY AND ACROSS SECTORS. POSNER CENTER HAS NOW FUNDED 36 PROJECTS THAT GRANTED 405,000 TO 71 TENANT, MEMBER AND PARTNER ORGANIZATIONS FOR WORK IN 21 COUNTRIES. ONE EXAMPLE OF THE INNOVATIVE WORK THE ORGANIZATION HAS SUPPORTED IS A PROJECT BETWEEN IDE AND BLOCKCHAIN TECHNOLOGY COMPANY, BEXT360, THAT HELPED SMALL HONDURAN COFFEE FARMERS MOVE UP THE COFFEE VALUE CHAIN VIA BLOCKCHAIN BY DIRECTLY LINKING FARMERS IN HONDURAS TO COFFEE ROASTERS IN THE UNITED STATES. THROUGH THIS PROJECT, WHICH CONCLUDED IN 2020, IDE AND BEXT360 WORKED TO IMPROVE SUPPLY CHAIN TRANSPARENCY THROUGH BLOCKCHAIN TECHNOLOGY TO ADDRESS MARKET FAILURES. THEIR PARTNERSHIP SERVES AS A MODEL FOR CONNECTING COFFEE PRODUCERS AND BUYERS WITH FINANCIAL AND AGRICULTURAL TECHNOLOGY SOLUTIONS AND THE PROJECT IS A CONTINUED EVOLUTION OF MARKET- BASED APPROACHES TO POVERTY REDUCTION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0POSNER CENTER SYMPOSIUM 2020. THE INAUGURAL POSNER CENTER SYMPOSIUM WAS HELD IN EARLY 2019, CONVENING GLOBAL DEVELOPMENT LEADERS, PRACTITIONERS, RESEARCHERS, ACADEMICS, AND SUPPORTERS TO SHARE KNOWLEDGE, EXPERIENCES, AND LESSONS LEARNED TO IMPROVE GLOBAL DEVELOPMENT WORK AND CONTRIBUTE TO THE EVIDENCE BASE OF BEST PRACTICES IN COLLABORATIVE GLOBAL DEVELOPMENT. THE SUCCESS OF THE FIRST SYMPOSIUM REFLECTED THE ENTHUSIASM AND INNOVATION OF THE POSNER CENTER COMMUNITY AND THE RIGOR OF ITS KNOWLEDGE AND EXPERTISE. FOR THE SECOND POSNER CENTER SYMPOSIUM IN FEBRUARY 2020, AN EVEN LARGER COMMUNITY OF LEADERS AND PRACTITIONERS, AND ACADEMICS WAS CONVENED. WITH ATTENDEES FROM SEATTLE, CALIFORNIA, WASHINGTON D.C., AND MEXICO MIXED WITH THE POSNER CENTER AND COLORADO COMMUNITIES, THERE WERE TWO DAYS OF COLLECTIVE ENERGY, INSIGHTFUL DIALOGUES, AND LOTS OF "BIG & BAD" IDEAS IN COLLABORATIVE GLOBAL DEVELOPMENT.
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