Civic Intelligence

Downtown Denver Inc

990 • Fiscal year 2022 • EIN 84-0449936

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 07, 2023

1515 Arapahoe St Tower 3 Ste100Denver, CO 80202

(303) 534-6161

Siviq Scores

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

Liabilities / Assets

16th percentile

0.05x

Higher debt load relative to assets than 16% of similar nonprofits.

2022 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

29th percentile

0.23x

Higher debt load relative to revenue than 29% of similar nonprofits.

2022 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2022

Net Margin

87th percentile

30%

Higher net margin than 87% of similar nonprofits.

2022 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

77th percentile

$575,427

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

2022 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2022

Asset Growth

65th percentile

6.9%

Faster asset growth than 65% of similar nonprofits.

2022 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

44th percentile

5.5%

Faster revenue growth than 44% of similar nonprofits.

2022 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$16,400,414

Up $1,055,873 (+6.9%) from 2021

Net Assets

Up

$15,599,157

Up $1,057,830 (+7.3%) from 2021

Liabilities

Down

$801,257

Down $1,957 (-0.2%) from 2021

Revenue

Up

$3,557,827

Up $186,810 (+5.5%) from 2021

Expenses

Up

$2,499,997

Up $456,468 (+22%) from 2021

Net Income

Down

$1,057,830

Down $269,658 (-20%) from 2021

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

2022

Assets$16,400,414
Liabilities$801,257
Net Assets$15,599,157

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

2022

Revenue$3,557,827
Expenses$2,499,997
Net Income$1,057,830
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 7, 2023
Return Version
2021v4.0
Gross Receipts
$3,557,827
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$15,173,683$16,101,624▲ $927,941
Pledges and Grants Receivable$26,000$187,500▲ $161,500
Accounts Receivable$129,928$108,410▼ $21,518
Prepaid Expenses and Deferred Charges$14,930$2,880▼ $12,050
Total Assets$15,344,541$16,400,414▲ $1,055,873
Liabilities
Deferred Revenue$732,451$728,426▼ $4,025
Accounts Payable and Accrued Expenses$70,763$72,831▲ $2,068
Total Liabilities$803,214$801,257▼ $1,957
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,512,216$15,576,657▲ $1,064,441
Net Assets With Donor Restrictions$29,111$22,500▼ $6,611
Total Net Assets Fund Balance$14,541,327$15,599,157▲ $1,057,830
Total Liabilities and Net Assets / Fund Balance$15,344,541$16,400,414▲ $1,055,873
Compensation and Service Providers

Employees

NameTitleOtherTotal
Tamara DoorPrior Presid$575,427$575,427
Charlene LausEvp, Finance$270,953$270,953
Jim KirchheimerSVP, Member$231,838$231,838
Kate BartonEvp, Special$211,662$211,662
Sharon AltonSVP, Dwntwn$191,567$191,567
Beth MoyskiSVP, Dwtwn E$190,783$190,783
Robert PartierraSVP, Econ De$140,526$140,526
Kourtny GarrettPresident Fr$30,404$30,404

Board Members and Trustees

NameTitle
Maja RosenquistChair
Tamara DoorPrior President
Albus BrooksBoard Member
Andrew FeinsteinBoard Member
Anita GrahamBoard Member
Brian ChenBoard Member
Brittany Morris SaundersBoard Member
Chris ShearsBoard Member
Dorit FischerBoard 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 Freyer JrBoard Member
Katie KramerBoard Member
Katie KrugerBoard Member
Kevin KelleyBoard Member
Kim KoyBoard Member
Lee MayerBoard Member
Lori DavisBoard Member
Marc DispenseBoard Member
Mark ReillyBoard Member
Matt MostBoard Member
Mike BearupBoard Member
Mike WamsganzBoard Member
Monica SkokBoard Member
Nathan LohmeyerBoard Member
Paul WashingtonBoard Member
Peter LauenerBoard Member
Raj DaniBoard Member
Robin WittensteinBoard Member
Ryan BeiserBoard Member
Thomas PitstickBoard Member
Tom LeeBoard Member
Elizabeth SalomonDdp Treasure
Charlene LausEvp, Finance & Admin
Kate BartonEvp, Special Project
Sharon AltonSVP, Dwntwn Experien
Beth MoyskiSVP, Dwtwn Environ
Jim KirchheimerSVP, Member Experien
Revenue and Support

Revenue Composition

Contributions and Grants
$703,196
Program Service Revenue
$2,854,631
Investment Income
$0
Other Revenue
$0
All Other Contributions
$703,196
Change in Net Assets
$1,057,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,499,997
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
Other Expenses---$100,912
Fees for Services Other---$91,938
Depreciation Depletion---$71,913
Occupancy---$68,701
Information Technology---$63,814
Conferences and Meetings---$29,115
Office Expenses---$12,254
Advertising---$2,739
Total Functional Expenses$0$0$0$2,499,997
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kourtny GarrettPresident & CEODdp, Dde, Dcv BoardNo-
Tamara DoorPrior PresidentDdp, Dde, Dcv BoardNo-
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

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

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

Tax returns are reviewed and signed by the treasurer and 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
Downtown Denver Inc
EIN
84-0449936
Phone
3035346161
Address
1515 ARAPAHOE ST TOWER 3 STE100, DENVER, CO 80202

Signing Officer

Name
Elizabeth Salomon
Title
Ddp Treasurer
Phone
3035346161
Signed
2023-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kourtny Garrett
Formed
1992
Legal Domicile
Co
Voting Board Members
42
Independent Board Members
40
Employees
0
Volunteers
65

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 - ORGANIZATION'S 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.

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

MEMBERSHIP SERVICES

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.

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IRS990/Form990PartVIISectionAGrp/PersonNm34MARK REILLY
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IRS990/Form990PartVIISectionAGrp/PersonNm40MIKE WAMSGANZ
IRS990/Form990PartVIISectionAGrp/PersonNm41PAUL WASHINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm42ROBIN WITTENSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm43HANNE WOLF
IRS990/Form990PartVIISectionAGrp/PersonNm44GARY YAMASHITA
IRS990/Form990PartVIISectionAGrp/PersonNm45BETH MOYSKI
IRS990/Form990PartVIISectionAGrp/PersonNm46SHARON ALTON
IRS990/Form990PartVIISectionAGrp/PersonNm47ELIZABETH SALOMON
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT FR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRIOR PRESID
IRS990/Form990PartVIISectionAGrp/TitleTxt2EVP, FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SVP, MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4EVP, SPECIAL
IRS990/Form990PartVIISectionAGrp/TitleTxt5SVP, ECON DE
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
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

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
2022Detailed filing. Detailed filing data is available for this year.$16.4$0.80$15.6$3.56$2.50$1.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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