Civic Intelligence

Denver CIVIC Ventures Inc

EIN 74-2187538 • 501(c)3 • Denver, CO

Profile

Dcv is a charitable public purpose organization, which mobilizes resources to implement civic design and development initiatives.

1515 Arapahoe St Tower 3 Ste 100Denver, CO 80202

www.downtowndenver.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.08x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

44th percentile

0.12x

Higher debt load relative to revenue than 44% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

33rd percentile

-1.2%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$485,677

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

38th percentile

0.7%

Faster asset growth than 38% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

47%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,913,775

Up $38,442 (+0.7%) from 2023

Liabilities

Down

$486,554

Down $35,509 (-6.8%) from 2023

Net Assets

Up

$5,427,221

Up $73,951 (+1.4%) from 2023

Revenue

Up

$4,066,567

Up $1,304,294 (+47%) from 2023

Expenses

Up

$4,116,411

Up $596,282 (+17%) from 2023

Net Income

Up

-$49,844

Up $708,012 (+93%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,419,898Liabilities 2011: $86,251Net Assets 2011: $2,333,6472011Assets 2012: $2,453,949Liabilities 2012: $138,294Net Assets 2012: $2,315,6552012Assets 2013: $2,727,345Liabilities 2013: $179,080Net Assets 2013: $2,548,2652013Assets 2014: $3,709,453Liabilities 2014: $158,944Net Assets 2014: $3,550,5092014Assets 2015: $4,114,584Liabilities 2015: $211,131Net Assets 2015: $3,903,4532015Assets 2016: $4,327,056Liabilities 2016: $196,997Net Assets 2016: $4,130,0592016Assets 2017: $4,540,377Liabilities 2017: $172,097Net Assets 2017: $4,368,2802017Assets 2018: $4,624,741Liabilities 2018: $240,156Net Assets 2018: $4,384,5852018Assets 2019: $5,045,994Liabilities 2019: $125,770Net Assets 2019: $4,920,2242019Assets 2020: $5,896,651Liabilities 2020: $192,737Net Assets 2020: $5,703,9142020Assets 2021: $6,499,520Liabilities 2021: $321,472Net Assets 2021: $6,178,0482021Assets 2022: $6,165,733Liabilities 2022: $91,849Net Assets 2022: $6,073,8842022Assets 2023: $5,875,333Liabilities 2023: $522,063Net Assets 2023: $5,353,2702023Assets 2024: $5,913,775Liabilities 2024: $486,554Net Assets 2024: $5,427,2212024

Highlighted filing

2024

Assets$5,913,775
Liabilities$486,554
Net Assets$5,427,221

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $656,098Expenses 2011: $661,424Net Income 2011: -$5,3262011Revenue 2012: $875,503Expenses 2012: $675,648Net Income 2012: $199,8552012Expenses 2013: $1,138,1132013Revenue 2014: $1,602,970Expenses 2014: $771,149Net Income 2014: $831,8212014Revenue 2015: $1,706,933Expenses 2015: $1,240,168Net Income 2015: $466,7652015Revenue 2016: $1,765,961Expenses 2016: $1,470,768Net Income 2016: $295,1932016Revenue 2017: $1,684,684Expenses 2017: $1,590,716Net Income 2017: $93,9682017Revenue 2018: $2,187,272Expenses 2018: $2,190,071Net Income 2018: -$2,7992018Revenue 2019: $2,671,375Expenses 2019: $2,159,161Net Income 2019: $512,2142019Revenue 2020: $2,270,565Expenses 2020: $1,475,442Net Income 2020: $795,1232020Revenue 2021: $1,820,629Expenses 2021: $1,702,998Net Income 2021: $117,6312021Revenue 2022: $2,531,341Expenses 2022: $2,015,723Net Income 2022: $515,6182022Revenue 2023: $2,762,273Expenses 2023: $3,520,129Net Income 2023: -$757,8562023Revenue 2024: $4,066,567Expenses 2024: $4,116,411Net Income 2024: -$49,8442024

Highlighted filing

2024

Revenue$4,066,567
Expenses$4,116,411
Net Income-$49,844

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.91$0.49$5.43$4.07$4.12$0.05
2023Detailed filing. Detailed filing data is available for this year.$5.88$0.52$5.35$2.76$3.52$0.76
2022Detailed filing. Detailed filing data is available for this year.$6.17$0.09$6.07$2.53$2.02$0.52
2021Detailed filing. Detailed filing data is available for this year.$6.50$0.32$6.18$1.82$1.70$0.12
2020Detailed filing. Detailed filing data is available for this year.$5.90$0.19$5.70$2.27$1.48$0.80
2019Detailed filing. Detailed filing data is available for this year.$5.05$0.13$4.92$2.67$2.16$0.51
2018Detailed filing. Detailed filing data is available for this year.$4.62$0.24$4.38$2.19$2.19$0.00
2017Detailed filing. Detailed filing data is available for this year.$4.54$0.17$4.37$1.68$1.59$0.09
2016Detailed filing. Detailed filing data is available for this year.$4.33$0.20$4.13$1.77$1.47$0.30
2015Detailed filing. Detailed filing data is available for this year.$4.11$0.21$3.90$1.71$1.24$0.47
2014Detailed filing. Detailed filing data is available for this year.$3.71$0.16$3.55$1.60$0.77$0.83
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.73$0.18$2.55$1.14
2012Summary only. Only limited summary data is available for this year.$2.45$0.14$2.32$0.88$0.68$0.20
2011Summary only. Only limited summary data is available for this year.$2.42$0.09$2.33$0.66$0.66$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 1, 2024
Return Version
2023v5.0
Gross Receipts
$4,066,567
Mission and Program Overview

Mission

Dcv is a charitable public purpose organization, which mobilizes resources to implement civic design and development initiatives and to activate the downtown denver public realm.

See form 990, part iii, line 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,681,793$3,335,086▼ $346,707
Investments in Publicly Traded Securities$1,691,497$1,795,523▲ $104,026
Accounts Receivable$459,254$772,603▲ $313,349
Land, Buildings, and Equipment, Net$21,789$8,063▼ $13,726
Pledges and Grants Receivable$21,000$2,500▼ $18,500
Total Assets$5,875,333$5,913,775▲ $38,442
Liabilities
Deferred Revenue$299,600$291,838▼ $7,762
Accounts Payable and Accrued Expenses$220,327$192,580▼ $27,747
Other Liabilities$2,136$2,136→ $0
Total Liabilities$522,063$486,554▼ $35,509
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,658,978$2,896,031▲ $237,053
Net Assets With Donor Restrictions$2,694,292$2,531,190▼ $163,102
Total Net Assets Fund Balance$5,353,270$5,427,221▲ $73,951
Total Liabilities and Net Assets / Fund Balance$5,875,333$5,913,775▲ $38,442

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,063$100,293$108,356

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,691,497-▲ $104,026-$1,795,523
2022$1,610,238-▲ $166,673$85,414$1,691,497
2021$2,624,021-▼ $329,913$683,870$1,610,238
2020$2,030,819-▲ $604,538$11,336$2,624,021
2019$2,086,334-▲ $58,770$114,285$2,030,819
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Kourtny GarrettPresident &-$485,677$485,677
Kate BartonChief Ext. aPT$231,224$231,224
Beth MoyskiSVP Dwtwn En-$194,567$194,567
Sharon AltonSVP Dwtwn ExPT$185,673$185,673
Joshua SchneiderVP Mkting &PT$157,260$157,260
Andrew IltisVP Comm. & PPT$153,066$153,066

Board Members and Trustees

NameTitle
Amy HansenChair
Kourtny GarrettPresident & CEO
Adeeb KhanBoard Member
Amy CaraBoard Member
Bill MosherBoard Member
Bill VitekBoard Member
Blair Nelson MarlinBoard Member
Brianna BorinBoard Member
Bruce AlexanderBoard Member
Bruce GlazerBoard Member
Chris PayneBoard Member
Colleen WalkerBoard Member
Dana MackBoard Member
David SternbergBoard Member
Debra JohnsonBoard Member
Dianne MylesBoard Member
Don HuntBoard Member
Elbra WedgeworthBoard Member
Erik MitisekBoard Member
Ferd BelzBoard Member
Gene CommanderBoard Member
Gloria SchochBoard Member
Greg LeonardBoard Member
Ivan AnayaBoard Member
Janice SindenBoard Member
Jean TownsendBoard Member
Jim BaseyBoard Member
Joe VostrejsBoard Member
Jon BuergeBoard Member
Jon GambrillBoard Member
Kim KuceraBoard Member
Kyle ChismBoard Member
Lexi MullerBoard Member
Malik RobinsonBoard Member
Maren StewartBoard Member
Mark SidellBoard Member
Matthew BurkettBoard Member
Nicole AmentBoard Member
Pat MchenryBoard Member
Patty FontneauBoard Member
Polly JessenBoard Member
Raju PatelBoard Member
Rhys DugganBoard Member
Rich HarrisBoard Member
Rick TuckerBoard Member
Roger PecsokBoard Member
Rus HeiseBoard Member
Ryan SahdBoard Member
Ryan SchmidtBoard Member
Sarah RockwellBoard Member
Scott MartinezBoard Member
Tim AragonBoard Member
Tom KilerBoard Member
Traci LounsburyBoard Member
Trinidad RodriguezBoard Member
Vickie ChiangBoard Member
Walker MonfortBoard Member
Kate BartonChief Ext. Affairs
Elizabeth SalomonDdp Treasure
Beth MoyskiSVP Dwtwn Environ.
Sharon AltonSVP Dwtwn Experience
Andrew IltisVP Comm. & Planning
Joshua SchneiderVP Mkting & Comm.

Highest Paid Contractors

ContractorServicesLocationCompensation
City And County Of DenverTrail Devlpmnt201 W COLFAX AVE DEPT 611, Denver, CO 80202$200,000
University Of Colorado At DenverVendor KiosksCAMPUS BOX 126 PO BOX 173364, Denver, CO 80217$135,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,865,935
Program Service Revenue
$1,129,909
Investment Income
$70,723
Other Revenue
$0
All Other Contributions
$1,259,946
Change in Net Assets
$-49,844

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,058,056
Revenue Not Reported on Financial Statements
$8,511
Revenue Not Reported on Form 990
$455,795
Total Revenue per Audited Statements
$4,513,851
Total Revenue per Form 990
$4,066,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,041,911
Grants and Similar Amounts Paid$1,074,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,074,500--$1,074,500
Fees for Services Other$971,960$85,105-$1,057,065
Conferences and Meetings$58,986$10,279-$69,265
Occupancy$110$60,547-$60,657
Advertising$39,343$11,652-$50,995
Information Technology$17,200$31,407-$48,607
Office Expenses$2,275$15,905-$18,180
Depreciation Depletion$13,728$345-$14,073
Other Expenses$12,205$49,818-$12,205
Fees for Service Investment Mgmnt Fees-$8,511-$8,511
All Other Expenses$-9,247$-5,205-$-14,452
Total Functional Expenses$3,845,879$270,532$0$4,116,411

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,439,900
Total Expenses per Form 990$4,116,411
Expenses per Audited Statements$4,107,900
Expenses Not Reported on Form 990$332,000
Expenses Not Reported on Financial Statements$8,511
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Centro 3m Inc--Small Business Grant$40,013
TELLI'S RESTAURANT GROUP--Small Business Grant$40,013
Dk-ga Inc--Small Business Grant$34,000
3g Lodo LLC--Small Business Grant$30,824
Blue Agave Grill LLC--Small Business Grant$29,005
Gelato Boy--Small Business Grant$24,644
H & V Pretzels LLC--Small Business Grant$19,000
Btob LLC--Small Business Grant$17,000
Bulow Jewelers--Small Business Grant$17,000
Caitlin Price--Small Business Grant$17,000
Colorful Colorado--Small Business Grant$17,000
Courtney Phillips LLC Urban Luxury--Small Business Grant$17,000
Elegant Pursuits LLC--Small Business Grant$17,000
Fluff Inc--Small Business Grant$17,000
Gift of Himalaya--Small Business Grant$17,000
Hair by Claire--Small Business Grant$17,000
Lil A21 Inc--Small Business Grant$17,000
Mazie Pop LLC--Small Business Grant$17,000
Meh Hair LLC--Small Business Grant$17,000
Pure Nail Bar--Small Business Grant$17,000
Roki LLC--Small Business Grant$17,000
Scarpaletto Shoes Inc--Small Business Grant$17,000
Skin by Nari--Small Business Grant$17,000
Sweatshop--Small Business Grant$17,000
Uncut Sole--Small Business Grant$17,000
Williams LLC--Small Business Grant$17,000
7 Eleven--Small Business Grant$15,000
A La Carte Gifts & Baskets LLC--Small Business Grant$15,000
Aaa & L Inc Dba Brooklylyns Fiines--Small Business Grant$15,000
Body Odyssey Inc--Small Business Grant$15,000
Dkga Inc Sports Fan--Small Business Grant$15,000
Eye Vision Optical Inc--Small Business Grant$15,000
Milk Tea People--Small Business Grant$15,000
Pitapito LLC--Small Business Grant$15,000
Snap Colorado LLC--Small Business Grant$15,000
Suemins Inc--Small Business Grant$15,000
Tnt Food Concepts LLC--Small Business Grant$15,000
Urban Luxury Salons--Small Business Grant$15,000
World Class Mens Cuts LLC--Small Business Grant$15,000
Lazo Foods LLC--Small Business Grant$14,998
Menya No 1 LLC--Small Business Grant$13,759
Salad Collective--Small Business Grant$11,651
Aldo Shave--Small Business Grant$9,500
Apropos Pedal Cab Co LLC--Small Business Grant$9,500
Ashton Romero Hair--Small Business Grant$9,500
Beauty by B--Small Business Grant$9,500
Bring Me Bronze--Small Business Grant$9,500
Catacombs Salon--Small Business Grant$9,500
Denver Tricycle Marketing LLC--Small Business Grant$9,500
I Twerk for Glitter LLC--Small Business Grant$9,500
Jonathan Louis Scherling--Small Business Grant$9,500
Kjg Esthetic--Small Business Grant$9,500
Michael Sonnefeldt--Small Business Grant$9,500
Neil Zachary Weeks--Small Business Grant$9,500
Pedl LLC--Small Business Grant$9,500
Simply Sugared Aesthetics LLC--Small Business Grant$9,500
Snips--Small Business Grant$9,500
Thomas Keough--Small Business Grant$9,500
Urban Alchemist LLC--Small Business Grant$9,500
Vanessa Thomas Hair--Small Business Grant$9,500
Vernon Milburn--Small Business Grant$9,500
Tavern 16th St LLC--Small Business Grant$8,016
Smashburger Acquisition--Small Business Grant$7,933
Aaa Inc--Small Business Grant$7,644
Bags by Cab--Small Business Grant$7,500
Cicc Contracting LLC--Small Business Grant$7,500
Classic Eye Brow Threading--Small Business Grant$7,500
Fly Guy Rickshaws LLC--Small Business Grant$7,500
Genius Solutions LLC--Small Business Grant$7,500
Inner City Studio LLC--Small Business Grant$7,500
Sujei Jacquez--Small Business Grant$7,500
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
Kourtny GarrettPresident & CEODdp, Ddi, Dde BoardNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$2,136
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Dcv's activities are performed by employees of downtown denver partnership, inc. Costs are allocated to dcv based upon the work performed.

Form 990, Page 6, Part VI, Line 11B

Tax returns are reviewed and signed by the treasurer and are available upon request for board review.

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

Annually each board member is required to complete and sign the conflict of interest statement. Participation and membership on the board is contingent on compliance with this policy.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy and financial statements are kept at the partnership offices and are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Denver Civic Ventures Inc
EIN
74-2187538
Phone
3035346161
Address
1515 ARAPAHOE ST TOWER 3 STE 100, DENVER, CO 80202

Signing Officer

Name
Elizabeth Salomon
Title
Ddp Treasurer
Phone
3035346161
Signed
2024-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kourtny Garrett
Formed
1981
Legal Domicile
Co
Voting Board Members
59
Independent Board Members
58
Employees
0
Volunteers
235

Preparer

Firm
Kundinger Corder & Montoya Pc
Address
475 LINCOLN STREET SUITE 200, DENVER, CO 80203
Preparer
Steven Corder
Phone
3035345953
Supplemental Narrative

Additional Explanations

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

Downtown environment and the public realm: dcv undertakes initiatives to invigorate and revitalize the center city, such as growing the tree canopy in downtown denver and the 5280 trail that will link neighborhoods and connect peopple by reimagining underutilized streets.

Form 990, Part IX, Line 11G

Dsw event production 106,266 0 0 other contract labor 61,210 85,105 0 vendor kiosks 135,000 0 0 5280 loop services 218,140 0 0 viva streets management 277,359 0 0 urban forest grants 173,985 0 0 total 971,960 85,105 0

Form 990, Page 12, Part XII, Line 2C

The finance committee meets annually with the outside auditor to review the results of the audit. An executive meeting without staff present is held at that time. There has been no change to the audit oversight process from the prior year.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Dcv's boettcher endowment is for special projects which address downtown denver.

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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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