Civic Intelligence

Ensemble Innovation Ventures

990 • Fiscal year 2020 • EIN 83-4432148

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 04, 2021

6465 Greenwood Plaza Blvd No 900Centennial, CO 80111

(800) 233-0860

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2020 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.83x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2020

Net Margin

4th percentile

-196%

Higher net margin than 4% of similar nonprofits.

2020 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$801,378

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 515.2% of source-year revenue.

2020 filings • 501(c)4 • $25M-$50M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$36,571,548

No earlier filing loaded for comparison.

Net Assets

$36,441,937

No earlier filing loaded for comparison.

Liabilities

$129,611

No earlier filing loaded for comparison.

Revenue

$155,545

No earlier filing loaded for comparison.

Expenses

$459,854

No earlier filing loaded for comparison.

Net Income

-$304,309

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2020: $36,571,548Liabilities 2020: $129,611Net Assets 2020: $36,441,9372020Assets 2021: $35,241,106Liabilities 2021: $411,968Net Assets 2021: $34,829,1382021Assets 2024: $28,131,414Liabilities 2024: $2,331,507Net Assets 2024: $25,799,9072024

Highlighted filing

2020

Assets$36,571,548
Liabilities$129,611
Net Assets$36,441,937

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2020: $155,545Expenses 2020: $459,854Net Income 2020: -$304,3092020Revenue 2021: $902,312Expenses 2021: $1,895,625Net Income 2021: -$993,3132021Revenue 2024: $130,971Expenses 2024: $3,485,148Net Income 2024: -$3,354,1772024

Highlighted filing

2020

Revenue$155,545
Expenses$459,854
Net Income-$304,309
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 4, 2021
Return Version
2020v4.1
Gross Receipts
$155,545
Mission and Program Overview

Mission

Ensemble innovation ventures allocates capital resources in disruptive and innovative business models and solutions, both nascent and maturing, that improve community health and wellness by removing barriers to care, addressing unmet health and wellness needs, and unlocking the future of healthcare.

Ensemble innovation ventures allocates capital resources to improve community health & wellness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$0$30,039,004▲ $30,039,004
Investments Other Securities-$3,644,824-
Savings and Temporary Cash Investments$0$2,838,378▲ $2,838,378
Prepaid Expenses and Deferred Charges$0$49,179▲ $49,179
Total Assets$0$36,571,548▲ $36,571,548
Other Assets Total$0$163▲ $163
Liabilities
Other Liabilities$0$94,092▲ $94,092
Accounts Payable and Accrued Expenses$0$35,519▲ $35,519
Total Liabilities$0$129,611▲ $129,611
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$36,441,937▲ $36,441,937
Total Net Assets Fund Balance$0$36,441,937▲ $36,441,937
Total Liabilities and Net Assets / Fund Balance$0$36,571,548▲ $36,571,548

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$450,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leo TokarVice-chair-$7,167$28,023$35,190
Ann BlockChairPT$11,250$19,917$31,167
Adam HaynesDirector-$30,250-$30,250
Richard Call DmdSecretary-$9,484$19,309$28,793
Laura EnglishDirector-$28,334-$28,334
Russell Hedman JdDirector-$26,750-$26,750

Board Members and Trustees

NameTitle
Helen W DrexlerPresident & CEO
David W GerbusVice-president
Gregory C VochisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$155,545
Other Revenue
$0
Change in Net Assets
$-304,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$252,972
Other Expenses$206,882
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$167,487-$167,487
Current Officers, Directors, Trustees, and Key Employees-$85,485-$85,485
Fees for Services Other-$77,490-$77,490
Occupancy-$58,765-$58,765
Information Technology-$39,091-$39,091
Fees for Services Legal-$19,120-$19,120
Office Expenses-$12,416-$12,416
Total Functional Expenses$0$459,854$0$459,854
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Delta Dental of Colorado$94,092
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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, Part VI, Section B, Line 11B

We engage an independent cpa tax professional to prepare our form 990, and board members generally feel this is the appropriate fiduciary process. The board's role then is to evaluate the firm hired to prepare the return and to determine it is appropriately filed. We have taken those steps with our board of directors. The board of directors reviews and approves the form 990 prior to filing with the irs.

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

On an annual basis, board directors are required to complete an electronic conflict of interest survey and an independent/dependent director survey. Completed surveys are reviewed by board counsel. Any potential or perceived conflict or dependency issues are reported to and addressed by the board. If necessary, the impacted director is removed from any situation involving the potential conflict.

Form 990, Part VI, Section C, Line 19

The organization maintains copies of the governing documents, conflict of interest policy, and financial statements that are available for public inspection. The organization has a statement on its website that informs the public that these documents are available for public inspection at its corporate headquarters.

Part VII

Ann block, richard call, dmd, and leo tokar also receive compensation from delta dental of colorado (ddco) for their services as board members of ddco. Similarly, the compensation from related organizations that was paid to helen drexler, gregory vochis, and david gerbus is for their services as officers and executives of ddco.

Filing and Contact Details

Filer

Filer Name
Ensemble Innovation Ventures
EIN
83-4432148
Phone
8002330860
Address
6465 GREENWOOD PLAZA BLVD NO 900, CENTENNIAL, CO 80111

Signing Officer

Name
Gregory Vochis
Title
Treasurer
Phone
8002330860
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Helen W Drexler
Formed
2019
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Plante & Moran Pllc
Address
8181 E TUFTS AVE SUITE 600, DENVER, CO 80237
Preparer
Dori J Eggett
Phone
3037409400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants expense: program service expenses 0. Management and general expenses 61,973. Fundraising expenses 0. Total expenses 61,973. Outsourcing expense: program service expenses 0. Management and general expenses 15,517. Fundraising expenses 0. Total expenses 15,517.

Form 990, Part IX

Ensemble innovation ventures was organized in august 2020 and the majority of the time for the year was spent on organization, setup tasks, and strategic planning. Program expenses will begin in the 2021 calendar year.

FORM 990, PART XI, LINE 9:

Transfer from delta dental of colorado 38,000,000.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt135455
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt233528
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt220426
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HELEN W DREXLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GREGORY C VOCHIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DAVID W GERBUS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VICE-PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0801378
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1511527
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2489064
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE ENGAGE AN INDEPENDENT CPA TAX PROFESSIONAL TO PREPARE OUR FORM 990, AND BOARD MEMBERS GENERALLY FEEL THIS IS THE APPROPRIATE FIDUCIARY PROCESS. THE BOARD'S ROLE THEN IS TO EVALUATE THE FIRM HIRED TO PREPARE THE RETURN AND TO DETERMINE IT IS APPROPRIATELY FILED. WE HAVE TAKEN THOSE STEPS WITH OUR BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON AN ANNUAL BASIS, BOARD DIRECTORS ARE REQUIRED TO COMPLETE AN ELECTRONIC CONFLICT OF INTEREST SURVEY AND AN INDEPENDENT/DEPENDENT DIRECTOR SURVEY. COMPLETED SURVEYS ARE REVIEWED BY BOARD COUNSEL. ANY POTENTIAL OR PERCEIVED CONFLICT OR DEPENDENCY ISSUES ARE REPORTED TO AND ADDRESSED BY THE BOARD. IF NECESSARY, THE IMPACTED DIRECTOR IS REMOVED FROM ANY SITUATION INVOLVING THE POTENTIAL CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAINTAINS COPIES OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS THAT ARE AVAILABLE FOR PUBLIC INSPECTION. THE ORGANIZATION HAS A STATEMENT ON ITS WEBSITE THAT INFORMS THE PUBLIC THAT THESE DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT ITS CORPORATE HEADQUARTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANN BLOCK, RICHARD CALL, DMD, AND LEO TOKAR ALSO RECEIVE COMPENSATION FROM DELTA DENTAL OF COLORADO (DDCO) FOR THEIR SERVICES AS BOARD MEMBERS OF DDCO. SIMILARLY, THE COMPENSATION FROM RELATED ORGANIZATIONS THAT WAS PAID TO HELEN DREXLER, GREGORY VOCHIS, AND DAVID GERBUS IS FOR THEIR SERVICES AS OFFICERS AND EXECUTIVES OF DDCO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTANTS EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 61,973. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 61,973. OUTSOURCING EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,517. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,517.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ENSEMBLE INNOVATION VENTURES WAS ORGANIZED IN AUGUST 2020 AND THE MAJORITY OF THE TIME FOR THE YEAR WAS SPENT ON ORGANIZATION, SETUP TASKS, AND STRATEGIC PLANNING. PROGRAM EXPENSES WILL BEGIN IN THE 2021 CALENDAR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRANSFER FROM DELTA DENTAL OF COLORADO 38,000,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0ENSEMBLE INNOVATION VENTURES
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0ENSEMBLE COMMUNITY IMPACT FUND
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0320642564
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0INVESTMENTS IN COMPANIES THAT IMPROVE COMMUNITY HEALTH AND WELLNESS
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt06465 GREENWOOD PLAZA BLVD SUITE 900
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0CENTENNIAL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd080111
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0ENSEMBLE INNOVATION VENTURES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DELTA DENTAL OF COLORADO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0834416613
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DENTAL INSURANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06465 GREENWOOD PLAZA BLVD SUITE 900
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CENTENNIAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd080111
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt080100
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt138000000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0DELTA DENTAL OF COLORADO
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1DELTA DENTAL OF COLORADO
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1S
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt036571548
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt036571548
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0459854
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0459854
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0129611
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0129611
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt036441937
IRS990/TotalOtherCompensationAmt0152145
IRS990/TotalReportableCompFromOrgAmt0113235
IRS990/TotalRevenueGrp/ExclusionAmt0155545
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0155545
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt036571548
IRS990/TotReportableCompRltdOrgAmt01717073
IRS990/TransactionWithControlEntInd01
IRS990/TypeOfOrganizationCorpInd0X

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