Civic Intelligence

Pueblo Development Foundation Inc

990 • Fiscal year 2020 • EIN 84-0536979

May 01, 2019 to Apr 30, 2020 • Filed on Feb 09, 2021

301 N Main St Ste 210Pueblo, CO 81003

(719) 544-2000

Siviq Scores

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

Liabilities / Assets

30th percentile

0.11x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

1.33x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Net Margin

98th percentile

61%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2020

Asset Growth

14th percentile

-7.6%

Faster asset growth than 14% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

2.0%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$20,667,395

Down $1,706,966 (-7.6%) from 2019

Net Assets

Up

$18,357,233

Up $1,060,982 (+6.1%) from 2019

Liabilities

Down

$2,310,162

Down $2,767,948 (-55%) from 2019

Revenue

Up

$1,731,548

Up $33,479 (+2.0%) from 2019

Expenses

Up

$670,566

Up $63,873 (+11%) from 2019

Net Income

Down

$1,060,982

Down $30,394 (-2.8%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $18,200,225Liabilities 2011: $6,826,729Net Assets 2011: $11,373,4962011Assets 2012: $18,215,044Liabilities 2012: $6,890,553Net Assets 2012: $11,324,4912012Assets 2013: $21,829,749Liabilities 2013: $10,084,094Net Assets 2013: $11,745,6552013Assets 2014: $21,446,947Liabilities 2014: $9,041,304Net Assets 2014: $12,405,6432014Assets 2015: $20,443,105Liabilities 2015: $7,220,149Net Assets 2015: $13,222,9562015Assets 2016: $21,252,977Liabilities 2016: $7,157,899Net Assets 2016: $14,095,0782016Assets 2017: $21,308,549Liabilities 2017: $6,182,054Net Assets 2017: $15,126,4952017Assets 2018: $21,714,277Liabilities 2018: $5,509,402Net Assets 2018: $16,204,8752018Assets 2019: $22,374,361Liabilities 2019: $5,078,110Net Assets 2019: $17,296,2512019Assets 2020: $20,667,395Liabilities 2020: $2,310,162Net Assets 2020: $18,357,2332020Assets 2021: $21,832,411Liabilities 2021: $2,615,153Net Assets 2021: $19,217,2582021Assets 2022: $21,822,849Liabilities 2022: $1,910,735Net Assets 2022: $19,912,1142022Assets 2023: $23,408,321Liabilities 2023: $2,809,409Net Assets 2023: $20,598,9122023Assets 2024: $24,353,193Liabilities 2024: $2,498,354Net Assets 2024: $21,854,8392024Assets 2025: $24,240,992Liabilities 2025: $1,596,841Net Assets 2025: $22,644,1512025

Highlighted filing

2020

Assets$20,667,395
Liabilities$2,310,162
Net Assets$18,357,233

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2011: $778,035Expenses 2011: $354,040Net Income 2011: $423,9952011Expenses 2012: $864,4042012Revenue 2013: $935,294Expenses 2013: $514,130Net Income 2013: $421,1642013Revenue 2014: $1,295,855Expenses 2014: $635,867Net Income 2014: $659,9882014Revenue 2015: $1,472,811Expenses 2015: $655,498Net Income 2015: $817,3132015Revenue 2016: $1,563,896Expenses 2016: $691,774Net Income 2016: $872,1222016Revenue 2017: $1,636,792Expenses 2017: $605,375Net Income 2017: $1,031,4172017Revenue 2018: $1,719,323Expenses 2018: $640,943Net Income 2018: $1,078,3802018Revenue 2019: $1,698,069Expenses 2019: $606,693Net Income 2019: $1,091,3762019Revenue 2020: $1,731,548Expenses 2020: $670,566Net Income 2020: $1,060,9822020Revenue 2021: $1,515,730Expenses 2021: $655,705Net Income 2021: $860,0252021Revenue 2022: $1,330,304Expenses 2022: $635,448Net Income 2022: $694,8562022Revenue 2023: $1,362,965Expenses 2023: $676,167Net Income 2023: $686,7982023Revenue 2024: $2,026,537Expenses 2024: $770,610Net Income 2024: $1,255,9272024Revenue 2025: $1,667,779Expenses 2025: $878,467Net Income 2025: $789,3122025

Highlighted filing

2020

Revenue$1,731,548
Expenses$670,566
Net Income$1,060,982
Jump To
Filing Snapshot
Filing Period
May 1, 2019 to Apr 30, 2020
Signed
Feb 9, 2021
Return Version
2019v5.0
Gross Receipts
$1,731,548
Mission and Program Overview

Mission

Promoting, encouragng and aiding the industrial, commercial and business development of the city of pueblo and its surrounding areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,985,152$9,199,036▲ $213,884
Savings and Temporary Cash Investments$7,223,283$5,465,295▼ $1,757,988
Investments Other Securities$467,349$1,253,919▲ $786,570
Cash and Non-Interest-Bearing Accounts$358,552$383,489▲ $24,937
Accounts Receivable$332,827$302,023▼ $30,804
Other Notes and Loans Receivable, Net$332,539$231,447▼ $101,092
Prepaid Expenses and Deferred Charges$9,387$10,332▲ $945
Total Assets$22,374,361$20,667,395▼ $1,706,966
Other Assets Total$4,665,272$3,821,854▼ $843,418
Liabilities
Other Liabilities$2,912,832$1,664,843▼ $1,247,989
Deferred Revenue$676,402$249,200▼ $427,202
Accounts Payable and Accrued Expenses$274,038$224,855▼ $49,183
Mortgage Notes Payable Secured by Investment Property$1,214,838$171,264▼ $1,043,574
Total Liabilities$5,078,110$2,310,162▼ $2,767,948
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,896,251$16,957,233▲ $1,060,982
Net Assets With Donor Restrictions$1,400,000$1,400,000→ $0
Total Net Assets Fund Balance$17,296,251$18,357,233▲ $1,060,982
Total Liabilities and Net Assets / Fund Balance$22,374,361$20,667,395▼ $1,706,966

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,902,856$4,184,846$13,087,702
Land$267,492-$267,492
Other Land Buildings$22,944$93,746$116,690
Leasehold Improvements$5,744$9,921$15,665
Other Assets Org$171,264--
Other Securities$1,253,919--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert RootPresident
Jerry ThomasTrustee
Ken ConyersTrustee
Larry AttencioTrustee
Terry HartTrustee
Dan MolelloSecretary
Judy FondaTreasurer
Dave GalliVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,670,639
Investment Income
$60,909
Other Revenue
$0
Change in Net Assets
$1,060,982

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,731,548
Total Revenue per Audited Statements
$1,731,548
Total Revenue per Form 990
$1,731,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$670,566
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
Depreciation Depletion$187,011--$187,011
Fees for Services Management$54,000--$54,000
Insurance$35,316--$35,316
Fees for Services Accounting-$20,501-$20,501
Fees for Services Legal-$14,813-$14,813
Other Expenses$2,000$3,000-$2,000
All Other Expenses$154--$154
Occupancy$69--$69
Total Functional Expenses$632,252$38,314$0$670,566

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$670,566
Total Expenses per Audited Statements$670,566
Total Expenses per Form 990$670,566
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 City of Pueblo$1,664,843
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization utilizes management services provided by pueblo economic development corporation.

Form 990, Page 6, Part VI, Line 8B

There are no committees with the authority to act on behalf of the board.

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

The board reviews a copy of form 990 prior to filing.

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

All purchases are reviewed for conflict of interest prior to approval.

Form 990, Page 6, Part VI, Line 18

The organization makes a copy of the 990 available to the public upon request at its administrative office located at 301 n. Main st. Suite 210 pueblo, colorado.

Form 990, Page 6, Part VI, Line 19

The organization makes relevant documents available to the public upon request at its administrative office located at 301 n. Main st. Suite 210 pueblo, colorado.

Filing and Contact Details

Filer

Filer Name
Pueblo Development Foundation Inc
EIN
84-0536979
Phone
7195442000
Address
301 N MAIN ST STE 210, PUEBLO, CO 81003

Signing Officer

Name
Robert Root
Title
President
Phone
7195442000
Signed
2021-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Root
Formed
1964
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Mgpm Pc
Address
503 N MAIN ST STE 740, PUEBLO, CO 81003
Preparer
Mark J Paolucci
Phone
7195430516
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IRS990/PYTotalRevenueAmt01698069
IRS990/ReconcilationRevenueExpnssAmt01060982
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01670639
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07223283
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05465295
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08902856
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04184846
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013087702
IRS990ScheduleD/ExpensesSubtotalAmt0670566
IRS990ScheduleD/LandGrp/BookValueAmt0267492
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0267492
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05744
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09921
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt015665
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03046436
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1604154
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2171264
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INV IN CAPITAL LEASE - PEWAG
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INV IN CAPITAL LEASE - BECHTEL
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INV IN CAPITAL LEASE - WESTWIND WOOD
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022944
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt093746
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0116690
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01664843
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CITY OF PUEBLO
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01253919
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueSubtotalAmt01731548
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09199036
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03821854
IRS990ScheduleD/TotalBookValueSecuritiesAmt01253919
IRS990ScheduleD/TotalExpensesPerForm990Amt0670566
IRS990ScheduleD/TotalLiabilityAmt01664843
IRS990ScheduleD/TotalRevenuePerForm990Amt01731548
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01731548
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0670566
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION UTILIZES MANAGEMENT SERVICES PROVIDED BY PUEBLO ECONOMIC DEVELOPMENT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS A COPY OF FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL PURCHASES ARE REVIEWED FOR CONFLICT OF INTEREST PRIOR TO APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES A COPY OF THE 990 AVAILABLE TO THE PUBLIC UPON REQUEST AT ITS ADMINISTRATIVE OFFICE LOCATED AT 301 N. MAIN ST. SUITE 210 PUEBLO, COLORADO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES RELEVANT DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT ITS ADMINISTRATIVE OFFICE LOCATED AT 301 N. MAIN ST. SUITE 210 PUEBLO, COLORADO.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt022374361
IRS990/TotalAssetsEOYAmt020667395
IRS990/TotalAssetsGrp/BOYAmt022374361
IRS990/TotalAssetsGrp/EOYAmt020667395
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038314
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0632252
IRS990/TotalFunctionalExpensesGrp/TotalAmt0670566
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05078110
IRS990/TotalLiabilitiesEOYAmt02310162
IRS990/TotalLiabilitiesGrp/BOYAmt05078110
IRS990/TotalLiabilitiesGrp/EOYAmt02310162
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017296251
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018357233
IRS990/TotalProgramServiceExpensesAmt0632252
IRS990/TotalProgramServiceRevenueAmt01670639
IRS990/TotalRevenueGrp/ExclusionAmt045118
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01686430
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01731548
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt022374361
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020667395
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0310 N MAIN ST STE 210
IRS990/USAddress/CityNm0PUEBLO
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081003
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT ROOT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07195442000
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PUEBLO DEVELOPMENT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PUEB
ReturnHeader/Filer/EIN0840536979
ReturnHeader/Filer/PhoneNum07195442000
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 N MAIN ST STE 210
ReturnHeader/Filer/USAddress/CityNm0PUEBLO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd081003
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0840628988
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MGPM PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0503 N MAIN ST STE 740
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PUEBLO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd081003
ReturnHeader/PreparerPersonGrp/PhoneNum07195430516
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK J PAOLUCCI
ReturnHeader/ReturnTs02021-02-10T07:05:57-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-05-01
ReturnHeader/TaxPeriodEndDt02020-04-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$24.2$1.60$22.6$1.67$0.88$0.79
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.4$2.50$21.9$2.03$0.77$1.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.4$2.81$20.6$1.36$0.68$0.69
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.8$1.91$19.9$1.33$0.64$0.69
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.8$2.62$19.2$1.52$0.66$0.86
2020Detailed filing. Detailed filing data is available for this year.$20.7$2.31$18.4$1.73$0.67$1.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.4$5.08$17.3$1.70$0.61$1.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.7$5.51$16.2$1.72$0.64$1.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.3$6.18$15.1$1.64$0.61$1.03
2016Detailed filing. Detailed filing data is available for this year.$21.3$7.16$14.1$1.56$0.69$0.87
2015Detailed filing. Detailed filing data is available for this year.$20.4$7.22$13.2$1.47$0.66$0.82
2014Detailed filing. Detailed filing data is available for this year.$21.4$9.04$12.4$1.30$0.64$0.66
2013Summary only. Only limited summary data is available for this year.$21.8$10.1$11.7$0.94$0.51$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$6.89$11.3$0.86
2011Summary only. Only limited summary data is available for this year.$18.2$6.83$11.4$0.78$0.35$0.42