Civic Intelligence

Bayaud Enterprises Inc

EIN 84-0616970 • 501(c)3 • Denver, CO

Profile

Employment opportunities for persons with disabilities and/or economic challenges.

333 W Bayaud AveDenver, CO 80223

www.bayaudenterprises.org

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.44x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

45th percentile

0.19x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

26th percentile

-3.7%

Higher net margin than 26% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

16th percentile

-5.4%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

-1.4%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$8,455,081

Up $1,959,014 (+30%) from 2023

Liabilities

Up

$4,966,879

Up $2,127,384 (+75%) from 2023

Net Assets

Down

$3,488,202

Down $168,370 (-4.6%) from 2023

Revenue

Up

$17,836,893

Up $2,734,405 (+18%) from 2023

Expenses

Up

$18,005,263

Up $2,337,884 (+15%) from 2023

Net Income

Up

-$168,370

Up $396,521 (+70%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $3,269,288Liabilities 2010: $2,125,484Net Assets 2010: $1,143,8042010Assets 2011: $3,221,136Liabilities 2011: $1,744,411Net Assets 2011: $1,476,7252011Assets 2012: $3,551,886Liabilities 2012: $1,321,478Net Assets 2012: $2,230,4082012Assets 2013: $3,481,027Liabilities 2013: $1,231,455Net Assets 2013: $2,249,5722013Assets 2014: $3,305,651Liabilities 2014: $1,180,969Net Assets 2014: $2,124,6822014Assets 2015: $3,482,755Liabilities 2015: $1,142,723Net Assets 2015: $2,340,0322015Assets 2016: $3,365,783Liabilities 2016: $970,290Net Assets 2016: $2,395,4932016Assets 2017: $3,455,172Liabilities 2017: $1,049,038Net Assets 2017: $2,406,1342017Assets 2018: $3,753,215Liabilities 2018: $1,276,651Net Assets 2018: $2,476,5642018Assets 2019: $3,842,798Liabilities 2019: $1,406,318Net Assets 2019: $2,436,4802019Assets 2020: $5,498,494Liabilities 2020: $3,054,041Net Assets 2020: $2,444,4532020Assets 2021: $5,727,063Liabilities 2021: $1,373,568Net Assets 2021: $4,353,4952021Assets 2022: $6,863,381Liabilities 2022: $2,641,918Net Assets 2022: $4,221,4632022Assets 2023: $6,496,067Liabilities 2023: $2,839,495Net Assets 2023: $3,656,5722023Assets 2024: $8,455,081Liabilities 2024: $4,966,879Net Assets 2024: $3,488,2022024

Highlighted filing

2024

Assets$8,455,081
Liabilities$4,966,879
Net Assets$3,488,202

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $6,255,9212010Revenue 2011: $7,241,832Expenses 2011: $6,909,146Net Income 2011: $332,6862011Expenses 2012: $7,450,5842012Expenses 2013: $8,248,7922013Revenue 2014: $8,023,345Expenses 2014: $8,149,356Net Income 2014: -$126,0112014Revenue 2015: $7,997,462Expenses 2015: $7,782,209Net Income 2015: $215,2532015Revenue 2016: $7,981,282Expenses 2016: $7,925,117Net Income 2016: $56,1652016Revenue 2017: $8,696,683Expenses 2017: $8,686,094Net Income 2017: $10,5892017Revenue 2018: $9,837,965Expenses 2018: $9,767,535Net Income 2018: $70,4302018Revenue 2019: $11,875,891Expenses 2019: $11,846,578Net Income 2019: $29,3132019Revenue 2020: $12,202,912Expenses 2020: $12,194,939Net Income 2020: $7,9732020Revenue 2021: $16,903,071Expenses 2021: $14,994,029Net Income 2021: $1,909,0422021Revenue 2022: $15,309,395Expenses 2022: $15,441,421Net Income 2022: -$132,0262022Revenue 2023: $15,102,488Expenses 2023: $15,667,379Net Income 2023: -$564,8912023Revenue 2024: $17,836,893Expenses 2024: $18,005,263Net Income 2024: -$168,3702024

Highlighted filing

2024

Revenue$17,836,893
Expenses$18,005,263
Net Income-$168,370

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.46$4.97$3.49$17.8$18.0$0.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.50$2.84$3.66$15.1$15.7$0.56
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.86$2.64$4.22$15.3$15.4$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.73$1.37$4.35$16.9$15.0$1.91
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.50$3.05$2.44$12.2$12.2$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.84$1.41$2.44$11.9$11.8$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.75$1.28$2.48$9.84$9.77$0.07
2017Summary only. Only limited summary data is available for this year.$3.46$1.05$2.41$8.70$8.69$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.37$0.97$2.40$7.98$7.93$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$1.14$2.34$8.00$7.78$0.22
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$1.18$2.12$8.02$8.15$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$1.23$2.25$8.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.55$1.32$2.23$7.45
2011Summary only. Only limited summary data is available for this year.$3.22$1.74$1.48$7.24$6.91$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$2.13$1.14$6.26
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 23, 2021
Return Version
2020v4.0
Gross Receipts
$16,903,071
Mission and Program Overview

Mission

Our mission is to create hope, opportunity and choice, with work as the means through which people with disabilities and other hurdles to employment can more fully participate in the mainstream of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,071,741$2,034,650▼ $37,091
Savings and Temporary Cash Investments$1,474,488$1,675,171▲ $200,683
Land, Buildings, and Equipment, Net$1,611,607$1,604,401▼ $7,206
Prepaid Expenses and Deferred Charges$103,136$312,501▲ $209,365
Pledges and Grants Receivable$226,299$89,117▼ $137,182
Investments Other Securities$11,223$11,223→ $0
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,498,494$5,727,063▲ $228,569
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$1,742,400--
Accounts Payable and Accrued Expenses$841,025$1,043,383▲ $202,358
Mortgage Notes Payable Secured by Investment Property$470,616$330,185▼ $140,431
Total Liabilities$3,054,041$1,373,568▼ $1,680,473
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,024,046$3,806,377▲ $1,782,331
Net Assets With Donor Restrictions$420,407$547,118▲ $126,711
Total Net Assets Fund Balance$2,444,453$4,353,495▲ $1,909,042
Total Liabilities and Net Assets / Fund Balance$5,498,494$5,727,063▲ $228,569

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$856,028$1,106,324$1,962,352
Equipment$391,373$764,781$1,156,154
Land$357,000-$357,000
Other Securities$3,123--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tammy BellofattoExecutive DirectorFT$94,151$182$94,333
Lauren AndersonCOOFT$73,078$1,431$74,509
David E HenningerPresidentFT$22,708-$22,708

Board Members and Trustees

NameTitle
Greg NelsonBoard Member
Jessica M SchmidtBoard Member
Jonathan McmillanBoard Member
Joseph BushBoard Member
Karen CookBoard Member
Kathy DeckerBoard Member
Laura ClarkBoard Member
Peter MelbyBoard Member
Sabrina StavishBoard Member
Sarah VillalobosBoard Member
Charlie SiebertSecretary
Ken ShieldsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,453,360
Program Service Revenue
$13,442,858
Investment Income
$6,853
Other Revenue
$0
All Other Contributions
$1,119,755
Change in Net Assets
$1,909,042

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,903,071
Total Revenue per Audited Statements
$16,903,071
Total Revenue per Form 990
$16,903,071
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,494,464
Other Expenses$2,270,548
Grants and Similar Amounts Paid$229,017
Total Fundraising Expense$7,819
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,838,387$968,824-$10,807,211
Payroll Taxes$890,938$43,058-$933,996
Other Employee Benefits$535,307$26,400-$561,707
Fees for Services Management$107,406$282,919$5,393$395,718
Fees for Services Other$284,717$16,184-$300,901
Office Expenses$47,958$211,735$804$260,497
Grants to Domestic Individuals$229,017--$229,017
Current Officers, Directors, Trustees, and Key Employees-$191,550-$191,550
Occupancy$156,802$21,383-$178,185
Depreciation Depletion$129,607$35,077-$164,684
Insurance$48,012$35,942-$83,954
Other Expenses$40,548$13,540-$54,088
Travel$29,066$-845-$28,221
Conferences and Meetings$4,955$11,132-$16,087
Advertising$7,927$4,724$1,619$14,270
Information Technology$2,520$9,977$3$12,500
Interest$228$8,865-$9,093
Total Functional Expenses$12,853,445$2,132,765$7,819$14,994,029

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,994,029
Total Expenses per Audited Statements$14,994,029
Total Expenses per Form 990$14,994,029
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
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
Yes
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, Line 1A: Explanation of Delegated Broad Authority to Committee

The executive committee oversees the organization's business and decision making. The executive committee is comprised of the president, vice president, treasurer, secretary, executive director, chief operating officer, and chief development officer. The executive committee shall have all the power and authority of the board of directors between meetings of the board, except the executive committee shall not have the authority to amend the articles of incorporation, adopt a plan of merger or consolidation, conduct the sale, lease, or other disposition of all or substantially all of the property and assets of the organization, cause a voluntary dissolution of the organization or a revocation thereof, or amend the bylaws.

Form 990, Part VI, Line 11B: Form 990 Review Process

The completed form 990 is reviewed in detail by the finance committee and then provided electronically to all other board members for their review before filing with the irs.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board members were sent a letter annually by the executive director requesting that they disclose any conflict of interest. Any member that discloses a conflict of interest would be fully evaluated by board chairman (chairwoman) and our executive director to determine appropriateness of remaining on the board.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board of directors meets annually to review the executive director's performance. Information obtained from form 990 of similar organizations is used as a comparative guideline. The executive director conducts annual performance reviews with employees, and any increase in compensation is based on the review.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All documents will be provided upon request. An excerpt from the financial statements is included with the annual report, which is available on the organizations website.

Filing and Contact Details

Filer

Filer Name
Bayaud Enterprises Inc
EIN
84-0616970
Phone
3038306885
Address
333 W BAYAUD AVE, DENVER, CO 80223

Signing Officer

Name
Tammy Bellofatto
Title
Executive Director
Signed
2021-12-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tammy Bellofatto
Formed
1971
Legal Domicile
Co
Voting Board Members
13
Independent Board Members
13
Employees
471
Volunteers
138

Preparer

Firm
Haynie & Company
Address
1785 WEST 2300 SOUTH, SALT LAKE CITY, UT 84119
Preparer
Brian S Jacobson CPA
Phone
8019724800
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

Significant program services undertaken during this most recent year included performing shelter operations, custodial, and unarmed security services. These new services were established under the Bayaud Works program described in greater detail below. Bayaud Works develops new ventures that create jobs for our constituents, provides training for future employment, and generates revenue to support programming and general operations. Current ventures include: Bayaud Enterprises Staffing Team (BEST) offers employers a unique try before you hire opportunity to fill job vacancies. In 2020, the City of Denver contracted with BEST to provide temporary shelter staffing, dispatch, hotel custodial, and transportation services. BEST created 75 new jobs and hired adults who had lost their jobs to COVID to fill these assignments. ThermaWorks Pest Control services include education on maintaining pest-free living and work environments, development of an apprenticeship training program in concert with the Colorado Department of Labor and Employment, and who have access to case management and job placement services. Certified technicians qualify for jobs that pay up to $39/hour.Environmental Services include residential and commercial custodial and make-ready (unit- turn) services that has created 22 new jobs for Bayaud participants.Security: Bayaud provides licensed security services for special events and permanent placement duty.

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

Bayaud responded to a dramatic increase in the need for employment, job placement services, food, mental health counseling, and community resource navigation. The COVID pandemic impacted service delivery. To ensure the safety of participants, staff, and volunteers, in-person service delivery was halted for a time. Remote service delivery was initiated via telephone or internet. For those with mobility or childcare challenges, we have found that remote service delivery has been a benefit.Bayaud began a new partnership with the City of Denver to provide staffing and mobile laundry services at temporary homeless shelters as well as custodial services at hotels for unhoused persons who had tested positive for COVID-19 and needed respite. These new contracts prompted us to launch Bayaud Works, to create new jobs for our constituents, provide training for future employment, and generate revenue to support Bayaud programming and general operations.

Form 990, Part I, Line 6 - Volunteers

Bayaud volunteers provide vital in-kind support of time and talent. Graduate students from the University of Denver, University of Colorado, and Metropolitan State University of Denver assist with vocational training and navigation services contributing more than 2500 hours of social work time to participants. Volunteers also provide computer skills training and help with resume preparation, online job applications, interviewing skills and in our food pantry. In FY2021, 138 volunteers contributed more than 3,500 hours of support.

Financial Statement Notes

Part X : FIN48 Footnote

Bayaud is organized as colorado nonprofit corporation and has been recognized by the irs as exempt from federal income taxes under irc section 501(a) as organization described in irc section 501(c)(3). The organization qualifies for the charitable contribution deduction and has been determined not to be a private foundation. Bayaud is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, bayaud is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purposes. Management has determined that bayaud is not subject to unrelated business income tax and has not filed an exempt organization business incom tax return (form 990-t) with the irs.

Raw XML AppendixShowing 400 of 589 raw XML fields

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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IRS990/Desc0COMMUNITY CONTRACT SERVICES - BAYAUD CONTRACTS WITH PRIVATE EMPLOYERS AND FEDERAL AGENCIES TO PROVIDE INDIVIDUAL WORKERS OR A GROUP WITH A BAYAUD SUPERVISOR AT A COMMUNITY SITE. THIS PROVIDES WORKERS AND PRIVATE EMPLOYERS WITH A COMBINATION OF BUSINESS SERVICES, TRANSITIONAL WORK ENVIRONMENTS, AND EMPLOYMENT IN INDUSTRY. COMMUNITY CONTRACT SERVICE PROGRAMS INCLUDE:ABILITYONE FEDERAL CONTRACT SUPPORTED EMPLOYMENT - SUPPORTED INTEGRATED EMPLOYMENT IS PROVIDED FOR DISABLED AND NON-DISABLED WORKERS PERFORMING IN THE SAME CAPACITY. NUMEROUS FEDERAL AGENCIES CONTRACT WITH BAYAUD TO PROVIDE CUSTODIAL, MAILROOM, WAREHOUSE MANAGEMENT, AND PATIENT TRANSPORT SERVICES. MORE THAN 75% OF SUPPORTED EMPLOYEES HAVE ONE OR MORE SIGNIFICANT DISABILITIES AND ALL HAVE ACCESS TO WRAP AROUND SERVICES. 100 ADULTS-MAINTAINED EMPLOYMENT WITH BAYAUD ENTERPRISES THROUGH ABILITYONE INTEGRATED SUPPORTED EMPLOYMENT CONTRACTS WITH 12 FEDERAL AGENCIES. BAYAUD WORKS COMMERCIAL AND LOCAL GOVERNMENT CONTRACTING - BUILDING ON ITS EXPERIENCE IN PROVIDING CUSTODIAL SERVICES TO FEDERAL AGENCIES, BAYAUD IS TARGETING COMMERCIAL AND LOCAL GOVERNMENT ENTITIES TO EXPAND CUSTODIAL, PEST CONTROL, AND SECURITY SERVICES. BAYAUD WORKS DEVELOPS NEW VENTURES THAT CREATE JOBS FOR OUR CONSTITUENTS, PROVIDES TRAINING FOR FUTURE EMPLOYMENT, AND GENERATES REVENUE TO SUPPORT PRGRAMMING AND GENERAL OPERATIONS.BAYAUD ENTERPRISES STAFFING TEAM (THE "BEST" TEAM) OFFERS EMPLOYERS A UNIQUE "TRY BEFORE YOU HIRE" OPPORTUNITY TO FILL JOB VACANCIES. AT THE ONSET OF THE COVID-19 PANDEMIC, THE CITY OF DENVER CONTRACTED WITH BAYAUD TO STAFF ITS TEMPORARY SHELTERS, PROVIDE CUSTODIAL SERVICES AT HOTELS, PROVIDE MEAL DELIVERY, OPERATE DISPATCH SERVICES, AND PROVIDE TRANSPORTATION FOR PEOPLE EXPERIENCING HOMELESSNESS. BAYAUD HIRED MORE THAN 100 TEMPORARY EMPLOYEES WHO LOST THEIR JOBS TO COVID TO FILL THESE WORK ASSIGNMENTS. FROM THIS EXPERIENCE, BAYAUD LAUNCHED THE BEST TEAM.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SOCIAL ENTERPRISE PRODUCTION SERVICES INCLUDE:SECURE DOCUMENT DESTRUCTION - THIS PROGRAM PROVIDES A SECURED DOCUMENT SHREDDING BUSINESS THAT EMPLOYS OVER 20 PEOPLE IN PAID POSITIONS, SERVED OVER 13,000 CUSTOMERS SINCE IT BEGAN IN 2003, AND RECYCLE MORE THAN 3.1 MILLION POUDS OF PAPER ANNUALY. MICRO ENTEPRISES - PROVIDES MORE THAN 22,000 "CAVITY FREE AT THREE" KITS ASSEMBLED AND DISTRIBUTED, PROVIDING EMPLOYMENT AND JOB TRAINING FOR AT LEAST 10 ADULTS LIVING WITH ONE OR MORE DISABILITIES.BUSINESS SOLUTIONS - PROVIDES PRODUCT ASSEMBLY SERVICES INCLUDING MAILINGS, PROMOTIONAL PACKAGING, AND LABEL APPLICATION.
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