Civic Intelligence

Arvada Economic Development Association

990 • Fiscal year 2020 • EIN 84-1070053

Jan 01, 2020 to Dec 31, 2020 • Filed on May 10, 2021

Organization ProfileWWW.AEDA.BIZ
8101 Ralston RoadArvada, CO 80002

(720) 898-7012

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

3rd percentile

-74%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

11th percentile

-15%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-51%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$543,290

Down $93,630 (-15%) from 2019

Net Assets

Down

$543,290

Down $93,630 (-15%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin3rd percentile

Revenue

Down

$126,200

Down $130,641 (-51%) from 2019

Expenses

Up

$219,830

Up $102,582 (+87%) from 2019

Net Income

Down

-$93,630

Down $233,223 (-167%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $814,024Liabilities 2011: $0Net Assets 2011: $814,0242011Assets 2012: $1,137,605Liabilities 2012: $0Net Assets 2012: $1,137,6052012Assets 2013: $875,781Liabilities 2013: $0Net Assets 2013: $875,7812013Assets 2014: $664,190Liabilities 2014: $0Net Assets 2014: $664,1902014Assets 2015: $845,642Liabilities 2015: $0Net Assets 2015: $845,6422015Assets 2016: $881,782Liabilities 2016: $0Net Assets 2016: $881,7822016Assets 2017: $604,903Liabilities 2017: $0Net Assets 2017: $604,9032017Assets 2018: $497,327Liabilities 2018: $0Net Assets 2018: $497,3272018Assets 2019: $636,920Liabilities 2019: $0Net Assets 2019: $636,9202019Assets 2020: $543,290Liabilities 2020: $0Net Assets 2020: $543,2902020Assets 2021: $432,621Liabilities 2021: $0Net Assets 2021: $432,6212021Assets 2022: $567,096Liabilities 2022: $0Net Assets 2022: $567,0962022Assets 2023: $381,672Liabilities 2023: $0Net Assets 2023: $381,6722023Assets 2024: $529,097Liabilities 2024: $0Net Assets 2024: $529,0972024

Highlighted filing

2020

Assets$543,290
Liabilities$0
Net Assets$543,290
Open 2020 Filing

Operations Trend

Revenue Growth8th percentile

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

$600K$400K$200K$0-$200K-$400KExpenses 2011: $378,8522011Expenses 2012: $186,4452012Revenue 2013: $5,065Expenses 2013: $266,889Net Income 2013: -$261,8242013Revenue 2014: $6,103Expenses 2014: $217,694Net Income 2014: -$211,5912014Revenue 2015: $506,814Expenses 2015: $325,362Net Income 2015: $181,4522015Revenue 2016: $501,944Expenses 2016: $465,804Net Income 2016: $36,1402016Revenue 2017: $5,439Expenses 2017: $282,318Net Income 2017: -$276,8792017Revenue 2018: $3,929Expenses 2018: $111,505Net Income 2018: -$107,5762018Revenue 2019: $256,841Expenses 2019: $117,248Net Income 2019: $139,5932019Revenue 2020: $126,200Expenses 2020: $219,830Net Income 2020: -$93,6302020Revenue 2021: $57Expenses 2021: $110,726Net Income 2021: -$110,6692021Revenue 2022: $251,667Expenses 2022: $117,192Net Income 2022: $134,4752022Revenue 2023: $7,076Expenses 2023: $192,500Net Income 2023: -$185,4242023Revenue 2024: $263,405Expenses 2024: $115,980Net Income 2024: $147,4252024

Highlighted filing

2020

Revenue$126,200
Expenses$219,830
Net Income-$93,630
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 10, 2021
Return Version
2020v4.0
Gross Receipts
$126,200
Mission and Program Overview

Mission

To assist in community economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$636,920$543,290▼ $93,630
Total Assets$636,920$543,290▼ $93,630
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$636,920$543,290▼ $93,630
Total Net Assets Fund Balance$636,920$543,290▼ $93,630
Total Liabilities and Net Assets / Fund Balance$636,920$543,290▼ $93,630
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Ken OlsenPresident
Alan ParkerBoard Member
Bryan BryantBoard Member
Dave DohertyBoard Member
Dino DardanoBoard Member
Gina SchleyBoard Member
Jeremy GregoryBoard Member
John MarriottBoard Member
John VankerBoard Member
Julie WiteckiBoard Member
Ken FellmanBoard Member
Mark InbodenBoard Member
Paul HellerBoard Member
Scott MarcumBoard Member
Steve CaminsBoard Member
Paul DuncanTreasurer
Alicia SvaldiVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$125,000
Program Service Revenue
$0
Investment Income
$1,200
Other Revenue
$0
Change in Net Assets
$-93,630
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$217,000
Other Expenses$2,830
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$217,000--$217,000
Payments to Affiliates$2,800--$2,800
Office Expenses-$30-$30
Total Functional Expenses$219,800$30$0$219,830
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Colorado Enterprise Fund Covid 19Denver, CO-Impact Fund$100,000
Arvada Chamber of CommerceArvada, CO-Impact Fund$20,000
Arvada German GarageArvada, CO-Site Improvement$15,000
Mile High Eye CareArvada, CO-Site Improvement$15,000
Mountain States Hand Physical TherWheatridge, CO-Site Improvement$15,000
R & R Drabek PcArvada, CO-Site Improvement$12,500
56th Ave Ventures LLCDenver, CO-Site Improvement$12,000
Arvada Chamber of CommerceArvada, CO-Works Program$10,000
Esbenson Parson LLCWheatridge, CO-Site Improvement$10,000
Paramount FabricsArvada, CO-Site Improvement$7,500
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“Board members appointed by the city of arvada”

Form 990, Page 6, Part VI, Line 9

“Bryan bryant steve camins dino dardano dave doherty paul duncan ken fellman jeremy gregory mark inboden paul heller scott marcum john marriott ken olsen 8101 ralston road arvada, co 80202 alan parker gina schley alicia svaldi john vanker julie witecki”

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

“Review conducted by association director and president”

Form 990, Page 6, Part VI, Line 19

“Documents will be made available upon request”

Filing and Contact Details

Filer

Filer Name
Arvada Economic Development
EIN
84-1070053
Phone
7208987012
Address
8101 RALSTON ROAD, ARVADA, CO 80002

Signing Officer

Name
Ken Olsen
Title
President
Phone
7208987012
Signed
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Olsen
Formed
1987
Legal Domicile
Co
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17

Preparer

Firm
Alfano & Associates Pc
Address
5727 ALLISON STREET, ARVADA, CO 80002-2419
Preparer
Jonathon R Alfano CPA
Phone
3034637992
Supplemental Narrative

Additional Explanations

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

“Revitalization grants to local businesses”

Raw XML AppendixShowing 400 of 409 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS APPOINTED BY THE CITY OF ARVADA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BRYAN BRYANT STEVE CAMINS DINO DARDANO DAVE DOHERTY PAUL DUNCAN KEN FELLMAN JEREMY GREGORY MARK INBODEN PAUL HELLER SCOTT MARCUM JOHN MARRIOTT KEN OLSEN 8101 RALSTON ROAD ARVADA, CO 80202 ALAN PARKER GINA SCHLEY ALICIA SVALDI JOHN VANKER JULIE WITECKI
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS WILL BE MADE AVAILABLE UPON REQUEST
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$543,290
Liabilities
$0
Net assets
$543,290
Revenue
$126,200
Expenses
$219,830
Net income
-$93,630
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$0.26$0.12$0.15
2023Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.01$0.19$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.25$0.12$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.00$0.11$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.13$0.22$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.26$0.12$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.00$0.11$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.01$0.28$0.28
2016Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.50$0.47$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.51$0.33$0.18
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.01$0.22$0.21
2013Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.01$0.27$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.00$1.14$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.00$0.81$0.38