Civic Intelligence

Posner Center for International Development

990 • Fiscal year 2021 • EIN 46-4406422

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 26, 2022

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

68th percentile

0.13x

Higher debt load relative to assets than 68% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

0.10x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

41st percentile

7.2%

Higher net margin than 41% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

82nd percentile

$80,422

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

38th percentile

3.8%

Faster asset growth than 38% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

54th percentile

18%

Faster revenue growth than 54% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$563,092

Up $20,503 (+3.8%) from 2020

Net Assets

Up

$489,333

Up $57,757 (+13%) from 2020

Liabilities

Down

$73,759

Down $37,254 (-34%) from 2020

Revenue

Up

$766,128

Up $116,023 (+18%) from 2020

Expenses

Down

$711,334

Down $67,446 (-8.7%) from 2020

Net Income

Up

$54,794

Up $183,469 (+143%) from 2020

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

2021

Assets$563,092
Liabilities$73,759
Net Assets$489,333

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

2021

Revenue$766,128
Expenses$711,334
Net Income$54,794
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 26, 2022
Return Version
2021v4.0
Gross Receipts
$766,128
Mission and Program Overview

Mission

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
Cash and Non-Interest-Bearing Accounts$132,927$244,841▲ $111,914
Savings and Temporary Cash Investments$117,675$127,926▲ $10,251
Land, Buildings, and Equipment, Net$101,224$84,946▼ $16,278
Pledges and Grants Receivable$141,013$47,393▼ $93,620
Investments in Publicly Traded Securities$29,840$32,803▲ $2,963
Prepaid Expenses and Deferred Charges$19,910$22,457▲ $2,547
Accounts Receivable-$2,726-
Total Assets$542,589$563,092▲ $20,503
Liabilities
Other Liabilities$88,696$39,180▼ $49,516
Accounts Payable and Accrued Expenses$12,229$26,846▲ $14,617
Deferred Revenue$10,088$7,733▼ $2,355
Total Liabilities$111,013$73,759▼ $37,254
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$341,736$396,530▲ $54,794
Net Assets With Donor Restrictions$89,840$92,803▲ $2,963
Total Net Assets Fund Balance$431,576$489,333▲ $57,757
Total Liabilities and Net Assets / Fund Balance$542,589$563,092▲ $20,503

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$69,282$84,648$153,930
Equipment$15,664$128,046$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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Burke FishburnExecutive DiFT$80,422$80,422

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$192,332
Program Service Revenue
$573,684
Investment Income
$101
Other Revenue
$11
All Other Contributions
$60,390
Change in Net Assets
$54,794

Audited Revenue Reconciliation

Revenue per Audited Statements
$766,128
Revenue Not Reported on Form 990
$2,963
Total Revenue per Audited Statements
$769,091
Total Revenue per Form 990
$766,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$370,350
Salaries, Compensation, and Employee Benefits$340,984
Total Fundraising Expense$56,173
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$216,028$13,500$35,176$264,704
Occupancy$229,502$9,925$8,684$248,111
Fees for Services Other$41,350$3,067$693$45,110
Other Employee Benefits$33,581$1,437$5,934$40,952
Payroll Taxes$18,935$815$3,343$23,093
Fees for Services Accounting-$18,965-$18,965
Depreciation Depletion$15,057$651$570$16,278
Pension Plan Contributions$10,033$429$1,773$12,235
Conferences and Meetings$8,579$101-$8,680
Other Expenses$4,086$404-$4,490
Insurance$1,557$2,484-$4,041
Office Expenses$1,016$2,101-$3,117
Advertising$786--$786
Travel-$4-$4
Total Functional Expenses$600,451$54,710$56,173$711,334

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$711,334
Total Expenses per Audited Statements$711,334
Total Expenses per Form 990$711,334
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$141,581
Patrick Rileyglobal AcceleratorBoard MemberTenant RentNo$41,142
Sherry Manningglobal Seed SaversBoard MemberTenant RentNo$2,880
REBA YOUNTWOMEN'S BAKERYBoard MemberTenant RentNo$2,800
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$39,180
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
2022-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Burke Fishburn
Formed
2013
Legal Domicile
Co
Voting Board Members
11
Independent Board Members
11
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 an inclusive, diverse, and innovative collaborative culture. 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 practices in collaboration. Development organizations face similar challenges in their work to create change worldwide. 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 building has served as a physical collaborative workspace for 50-70 organizations. Tenants share space, each occupying their own footprint in the building and sharing meeting rooms of all sizes and access to other office necessities. The building has been essential to establishing a resilient and engaged community of global and local development professionals. The result is a robust network that supports each other's work and fosters meaningful and effective collaborations. Virtual community. While the collaborative workspace provides a physical home for the colorado global and local development community, the posner center is much bigger than the building. This had 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 others concerned about global and local issues. Even in the pandemic, both the building 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. In 2021 the posner center is continued this long-term commitment to jedi issues with a specific focus on advancing decolonizing development work. This area of work with posner center's community and stakeholders will give organizations and individuals the tools to identify, acknowledge, and repair ongoing harm caused by colonialism in global impact work and shift thinking from people as objects of development to subjects and leaders of change. Our goal is for our community to take concrete, anti-racist actions in their development work, diversify the global development field, and have a more equitable impact that begins to repair past injustices. Posner center symposium 2021. 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, practitioners, and academics was convened

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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