Civic Intelligence

Downtown Denver Inc

990 • Fiscal year 2021 • EIN 84-0449936

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 04, 2021

1515 Arapahoe St Tower 3 No 100Denver, CO 80202

(303) 534-6161

Siviq Scores

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

Liabilities / Assets

20th percentile

0.05x

Higher debt load relative to assets than 20% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

35th percentile

0.24x

Higher debt load relative to revenue than 35% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2021

Net Margin

89th percentile

39%

Higher net margin than 89% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

74th percentile

$517,261

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 15.3% of source-year revenue.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2021

Asset Growth

41st percentile

9.6%

Faster asset growth than 41% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-9.8%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$15,344,541

Up $1,345,111 (+9.6%) from 2020

Net Assets

Up

$14,541,327

Up $1,327,488 (+10%) from 2020

Liabilities

Up

$803,214

Up $17,623 (+2.2%) from 2020

Revenue

Down

$3,371,017

Down $367,013 (-9.8%) from 2020

Expenses

Down

$2,043,529

Down $282,127 (-12%) from 2020

Net Income

Down

$1,327,488

Down $84,886 (-6.0%) from 2020

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $4,779,414Liabilities 2011: $404,731Net Assets 2011: $4,374,6832011Assets 2012: $5,703,135Liabilities 2012: $427,153Net Assets 2012: $5,275,9822012Assets 2013: $6,578,121Liabilities 2013: $416,202Net Assets 2013: $6,161,9192013Assets 2014: $7,302,832Liabilities 2014: $365,580Net Assets 2014: $6,937,2522014Assets 2015: $8,477,372Liabilities 2015: $413,942Net Assets 2015: $8,063,4302015Assets 2016: $9,772,379Liabilities 2016: $711,076Net Assets 2016: $9,061,3032016Assets 2017: $10,559,371Liabilities 2017: $681,301Net Assets 2017: $9,878,0702017Assets 2018: $11,577,802Liabilities 2018: $849,182Net Assets 2018: $10,728,6202018Assets 2019: $12,703,719Liabilities 2019: $902,254Net Assets 2019: $11,801,4652019Assets 2020: $13,999,430Liabilities 2020: $785,591Net Assets 2020: $13,213,8392020Assets 2021: $15,344,541Liabilities 2021: $803,214Net Assets 2021: $14,541,3272021Assets 2022: $16,400,414Liabilities 2022: $801,257Net Assets 2022: $15,599,1572022Assets 2023: $18,379,801Liabilities 2023: $686,044Net Assets 2023: $17,693,7572023Assets 2024: $19,906,106Liabilities 2024: $1,062,793Net Assets 2024: $18,843,3132024

Highlighted filing

2021

Assets$15,344,541
Liabilities$803,214
Net Assets$14,541,327

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2011: $2,012,564Expenses 2011: $1,059,012Net Income 2011: $953,5522011Revenue 2012: $2,019,652Expenses 2012: $1,118,353Net Income 2012: $901,2992012Expenses 2013: $1,280,8092013Revenue 2014: $2,190,053Expenses 2014: $1,414,720Net Income 2014: $775,3332014Revenue 2015: $2,600,001Expenses 2015: $1,473,823Net Income 2015: $1,126,1782015Revenue 2016: $2,510,125Expenses 2016: $1,512,252Net Income 2016: $997,8732016Revenue 2017: $2,792,464Expenses 2017: $1,975,697Net Income 2017: $816,7672017Revenue 2018: $3,138,276Expenses 2018: $2,287,726Net Income 2018: $850,5502018Revenue 2019: $3,585,161Expenses 2019: $2,512,316Net Income 2019: $1,072,8452019Revenue 2020: $3,738,030Expenses 2020: $2,325,656Net Income 2020: $1,412,3742020Revenue 2021: $3,371,017Expenses 2021: $2,043,529Net Income 2021: $1,327,4882021Revenue 2022: $3,557,827Expenses 2022: $2,499,997Net Income 2022: $1,057,8302022Revenue 2023: $4,340,923Expenses 2023: $2,246,323Net Income 2023: $2,094,6002023Revenue 2024: $3,702,522Expenses 2024: $2,552,966Net Income 2024: $1,149,5562024

Highlighted filing

2021

Revenue$3,371,017
Expenses$2,043,529
Net Income$1,327,488
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 4, 2021
Return Version
2020v4.1
Gross Receipts
$3,371,017
Mission and Program Overview

Mission

Downtown Denver, Inc. is a membership organization that cultivates private-sector leadership and engages businesses in the development and enhancement of Downtown Denver. The organization focuses on an array of urban issues, including housing, public spaces, urban design and economic development.

See Form 990, Part III, Line 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$13,881,059$15,173,683▲ $1,292,624
Accounts Receivable$109,800$129,928▲ $20,128
Pledges and Grants Receivable$8,571$26,000▲ $17,429
Prepaid Expenses and Deferred Charges-$14,930-
Total Assets$13,999,430$15,344,541▲ $1,345,111
Liabilities
Deferred Revenue$694,843$732,451▲ $37,608
Accounts Payable and Accrued Expenses$90,748$70,763▼ $19,985
Total Liabilities$785,591$803,214▲ $17,623
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,184,728$14,512,216▲ $1,327,488
Net Assets With Donor Restrictions$29,111$29,111→ $0
Total Net Assets Fund Balance$13,213,839$14,541,327▲ $1,327,488
Total Liabilities and Net Assets / Fund Balance$13,999,430$15,344,541▲ $1,345,111
Compensation and Service Providers

Board Members and Trustees

NameTitle
Maja RosenquistChair
Tamara DoorPresident & CEO
Albus BrooksBoard Member
Andrew FeinsteinBoard Member
Anita GrahamBoard Member
Brian ChenBoard Member
Bruce JamesBoard Member
Christopher ShearsBoard Member
Dorit FischerBoard Member
Elizabeth SalomonBoard Member
Ellen ValdeBoard Member
Erik CarlsonBoard Member
Gary ReiffBoard Member
Gary YamashitaBoard Member
Hanne WolfBoard Member
Hollie Velasquez HorvathBoard Member
Jameson SmithBoard Member
Janine DavidsonBoard Member
Jay DespardBoard Member
Jim HolderBoard Member
John FreyerBoard Member
Katie KramerBoard Member
Kevin KelleyBoard Member
Kevin QuinnBoard Member
Lee MayerBoard Member
Lori DavisBoard Member
Matt MostBoard Member
Michael BearupBoard Member
Mike ZoellnerBoard Member
Monica SkokBoard Member
Nathan LohmeyerBoard Member
Paul WashingtonBoard Member
Peter LauenerBoard Member
Peter SchippitsBoard Member
Raj DaniBoard Member
Raju PatelBoard Member
Robin WittensteinBoard Member
Tom LeeBoard Member
Tom PitstickBoard Member
Charlene LausEVP, Finance & Admin
Kate BartonEVP, Special Projects
Sharon AltonSVP, Downtown Experience
Randy ThelenSVP, Economic Development
Jim KirchheimerSVP, Member Experience
Beth MoyskiSVP, Special Districts
Revenue and Support

Revenue Composition

Contributions and Grants
$680,343
Program Service Revenue
$2,690,674
Investment Income
$0
Other Revenue
$0
All Other Contributions
$680,343
Change in Net Assets
$1,327,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,043,529
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$105,203
Depreciation Depletion---$77,020
Occupancy---$67,717
Information Technology---$49,659
Office Expenses---$44,718
Other Expenses---$35,764
Conferences and Meetings---$1,896
Advertising---$1,334
Total Functional Expenses$0$0$0$2,043,529
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
In-house lobbying only
No
Subject to proxy tax
Yes
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, Part VI, Section A, line 3

DDI's activities are performed by employees of Downtown Denver Parntership, Inc. Costs are allocated to DDI based upon the work performed.

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

Tax returns are reviewed and signed by the Treasurer and are available upon request for Board review.

Form 990, Part VI, Section B, 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, Part VI, Section C, 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
Downtown Denver Inc
EIN
84-0449936
Phone
3035346161
Address
1515 Arapahoe St Tower 3 No 100, Denver, CO 80202

Signing Officer

Name
Elizabeth Salomon
Title
Treasurer
Phone
3035346161
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tamara Door
Formed
1992
Legal Domicile
Co
Voting Board Members
39
Independent Board Members
38
Employees
0
Volunteers
65

Preparer

Firm
Kundinger Corder & Engle PC
Address
475 Lincoln Street Suite 200, Denver, CO 80110
Preparer
Steven R Corder
Phone
3035345953
Supplemental Narrative

Additional Explanations

Form 990, 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Maja Rosenquist
IRS990/Form990PartVIISectionAGrp/PersonNm2Michael Bearup
IRS990/Form990PartVIISectionAGrp/PersonNm3Albus Brooks
IRS990/Form990PartVIISectionAGrp/PersonNm4Erik Carlson
IRS990/Form990PartVIISectionAGrp/PersonNm5Brian Chen
IRS990/Form990PartVIISectionAGrp/PersonNm6Raj Dani
IRS990/Form990PartVIISectionAGrp/PersonNm7Janine Davidson
IRS990/Form990PartVIISectionAGrp/PersonNm8Lori Davis
IRS990/Form990PartVIISectionAGrp/PersonNm9Jay Despard
IRS990/Form990PartVIISectionAGrp/PersonNm10Andrew Feinstein
IRS990/Form990PartVIISectionAGrp/PersonNm11Dorit Fischer
IRS990/Form990PartVIISectionAGrp/PersonNm12John Freyer
IRS990/Form990PartVIISectionAGrp/PersonNm13Anita Graham
IRS990/Form990PartVIISectionAGrp/PersonNm14Jim Holder
IRS990/Form990PartVIISectionAGrp/PersonNm15Bruce James
IRS990/Form990PartVIISectionAGrp/PersonNm16Kevin Kelley
IRS990/Form990PartVIISectionAGrp/PersonNm17Katie Kramer
IRS990/Form990PartVIISectionAGrp/PersonNm18Peter Lauener
IRS990/Form990PartVIISectionAGrp/PersonNm19Tom Lee
IRS990/Form990PartVIISectionAGrp/PersonNm20Nathan Lohmeyer
IRS990/Form990PartVIISectionAGrp/PersonNm21Lee Mayer
IRS990/Form990PartVIISectionAGrp/PersonNm22Matt Most
IRS990/Form990PartVIISectionAGrp/PersonNm23Raju Patel
IRS990/Form990PartVIISectionAGrp/PersonNm24Tom Pitstick
IRS990/Form990PartVIISectionAGrp/PersonNm25Kevin Quinn
IRS990/Form990PartVIISectionAGrp/PersonNm26Gary Reiff
IRS990/Form990PartVIISectionAGrp/PersonNm27Elizabeth Salomon
IRS990/Form990PartVIISectionAGrp/PersonNm28Jameson Smith
IRS990/Form990PartVIISectionAGrp/PersonNm29Peter Schippits
IRS990/Form990PartVIISectionAGrp/PersonNm30Christopher Shears
IRS990/Form990PartVIISectionAGrp/PersonNm31Monica Skok
IRS990/Form990PartVIISectionAGrp/PersonNm32Ellen Valde
IRS990/Form990PartVIISectionAGrp/PersonNm33Hollie Velasquez Horvath
IRS990/Form990PartVIISectionAGrp/PersonNm34Paul Washington
IRS990/Form990PartVIISectionAGrp/PersonNm35Robin Wittenstein
IRS990/Form990PartVIISectionAGrp/PersonNm36Hanne Wolf
IRS990/Form990PartVIISectionAGrp/PersonNm37Gary Yamashita
IRS990/Form990PartVIISectionAGrp/PersonNm38Mike Zoellner
IRS990/Form990PartVIISectionAGrp/PersonNm39Charlene Laus
IRS990/Form990PartVIISectionAGrp/PersonNm40Jim Kirchheimer
IRS990/Form990PartVIISectionAGrp/PersonNm41Sharon Alton
IRS990/Form990PartVIISectionAGrp/PersonNm42Kate Barton
IRS990/Form990PartVIISectionAGrp/PersonNm43Randy Thelen
IRS990/Form990PartVIISectionAGrp/PersonNm44Beth Moyski
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt430
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0495480
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt380
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt39205066
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40199381
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt41150395
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt42163711
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt43194505
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt44140330
IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt20Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt22Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt23Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt24Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt25Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt26Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt27Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt28Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt29Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt30Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt31Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt32Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt33Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt34Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt35Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt36Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt37Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt38Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt39EVP, Finance & Admin
IRS990/Form990PartVIISectionAGrp/TitleTxt40SVP, Member Experience
IRS990/Form990PartVIISectionAGrp/TitleTxt41SVP, Downtown Experience
IRS990/Form990PartVIISectionAGrp/TitleTxt42EVP, Special Projects
IRS990/Form990PartVIISectionAGrp/TitleTxt43SVP, Economic Development
IRS990/Form990PartVIISectionAGrp/TitleTxt44SVP, Special Districts

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$19.9$1.06$18.8$3.70$2.55$1.15
2023Summary only. Only limited summary data is available for this year.$18.4$0.69$17.7$4.34$2.25$2.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.4$0.80$15.6$3.56$2.50$1.06
2021Detailed filing. Detailed filing data is available for this year.$15.3$0.80$14.5$3.37$2.04$1.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.0$0.79$13.2$3.74$2.33$1.41
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.7$0.90$11.8$3.59$2.51$1.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$0.85$10.7$3.14$2.29$0.85
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$0.68$9.88$2.79$1.98$0.82
2016Detailed filing. Detailed filing data is available for this year.$9.77$0.71$9.06$2.51$1.51$1.00
2015Detailed filing. Detailed filing data is available for this year.$8.48$0.41$8.06$2.60$1.47$1.13
2014Detailed filing. Detailed filing data is available for this year.$7.30$0.37$6.94$2.19$1.41$0.78
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.58$0.42$6.16$1.28
2012Summary only. Only limited summary data is available for this year.$5.70$0.43$5.28$2.02$1.12$0.90
2011Summary only. Only limited summary data is available for this year.$4.78$0.40$4.37$2.01$1.06$0.95