Civic Intelligence

Lower Downtown Denver Arts Association

EIN 84-1342487 • 501(c)3 • Denver, CO

Profile

Lower downtown denver arts association sponsors and holds fairs, festivals, and concerts to promote the arts, environmental awareness, and appreciation of historic lower downtown denver community and cultural events.

1530 16th St 3rd FloorDenver, CO 80202

n/A

Siviq Scores

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

Liabilities / Assets

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.00x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

85th percentile

48%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

77th percentile

28%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$159,619

Up $51,502 (+48%) from 2018

Liabilities

Up

$972

Up $972 from 2018

Net Assets

Up

$158,647

Up $50,530 (+47%) from 2018

Revenue

Up

$213,890

Up $47,301 (+28%) from 2018

Expenses

Up

$163,360

Up $5,310 (+3.4%) from 2018

Net Income

Up

$50,530

Up $41,991 (+492%) from 2018

Trend Graphs

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2010: $40,631Liabilities 2010: $12,400Net Assets 2010: $28,2312010Assets 2011: $38,884Liabilities 2011: $153Net Assets 2011: $38,7312011Assets 2012: $23,263Liabilities 2012: $155Net Assets 2012: $23,1082012Assets 2013: $55,119Liabilities 2013: $7,851Net Assets 2013: $47,2682013Assets 2014: $65,749Liabilities 2014: $893Net Assets 2014: $64,8562014Assets 2015: $78,707Liabilities 2015: $837Net Assets 2015: $77,8702015Assets 2016: $106,195Liabilities 2016: $215Net Assets 2016: $105,9802016Assets 2017: $99,578Liabilities 2017: $0Net Assets 2017: $99,5782017Assets 2018: $108,117Liabilities 2018: $0Net Assets 2018: $108,1172018Assets 2019: $159,619Liabilities 2019: $972Net Assets 2019: $158,6472019

Highlighted filing

2019

Assets$159,619
Liabilities$972
Net Assets$158,647

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $92,097Expenses 2010: $102,475Net Income 2010: -$10,3782010Revenue 2011: $116,870Expenses 2011: $106,370Net Income 2011: $10,5002011Revenue 2012: $112,302Expenses 2012: $127,925Net Income 2012: -$15,6232012Revenue 2013: $220,270Expenses 2013: $196,110Net Income 2013: $24,1602013Revenue 2014: $179,870Expenses 2014: $162,282Net Income 2014: $17,5882014Revenue 2015: $210,965Expenses 2015: $197,951Net Income 2015: $13,0142015Revenue 2016: $217,290Expenses 2016: $189,180Net Income 2016: $28,1102016Revenue 2017: $193,609Expenses 2017: $200,011Net Income 2017: -$6,4022017Revenue 2018: $166,589Expenses 2018: $158,050Net Income 2018: $8,5392018Revenue 2019: $213,890Expenses 2019: $163,360Net Income 2019: $50,5302019

Highlighted filing

2019

Revenue$213,890
Expenses$163,360
Net Income$50,530

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 10, 2020
Return Version
2019v5.1
Gross Receipts
$213,890
Mission and Program Overview

Mission

Lower downtown denver arts association sponsors and holds fairs, festivals, & concerts to promote the arts, environmental awareness, and appreciation of historic lower downtown denver community and cultural events.

To sponsor and hold fairs, festivals, & concerts to promote the arts, environmental awareness, & appreciation of historic lower downtown denver community and cultural events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$108,117$158,647▲ $50,530
Savings and Temporary Cash Investments$84,853$145,430▲ $60,577
Accounts Receivable$0$7,219▲ $7,219
Cash and Non-Interest-Bearing Accounts$23,264$6,970▼ $16,294
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$108,117$159,619▲ $51,502
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$972▲ $972
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$972▲ $972
Net Assets / Fund Balance
Total Net Assets Fund Balance$108,117$158,647▲ $50,530
Total Liabilities and Net Assets / Fund Balance$108,117$159,619▲ $51,502
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff HermansonSole Director
Matt PetcoffOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$95,950
Program Service Revenue
$115,704
Investment Income
$2,236
Other Revenue
$0
All Other Contributions
$95,950
Change in Net Assets
$50,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$156,418
Salaries, Compensation, and Employee Benefits$6,942
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$29,200--$29,200
All Other Expenses$12,032$2,974-$15,006
Insurance$11,184--$11,184
Advertising$10,356--$10,356
Other Expenses$9,767--$9,767
Fees for Services Accounting-$9,500-$9,500
Other Salaries and Wages$6,865--$6,865
Fees for Services Legal-$260-$260
Payroll Taxes$77--$77
Office Expenses-$51-$51
Total Functional Expenses$150,575$12,785$0$163,360
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

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

Governance Explanations

Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Part VI, Section B, line 12C

The organization requires the board members to annually disclose changes in circumstance that would create a conflict of interest.

Part VI, Section B, Line 11B

Matt Petcoff reviews the 990.

Filing and Contact Details

Filer

Filer Name
Lower Downtown Denver Arts Association
EIN
84-1342487
In Care Of
% MATT PETCOFF
Phone
3035342367
Address
1530 16th St 3rd Floor, Denver, CO 80202

Signing Officer

Name
Matt Petcoff
Title
Officer
Phone
3035342367
Signed
2020-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Petcoff
Formed
1996
Legal Domicile
Co
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
15

Preparer

Firm
Crowe LLP
Address
1801 California Street Suite 2200, Denver, CO 80202
Preparer
Angela Kennedy Lee
Phone
3038315000
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:consultants total fees:29200

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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0117289
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt095950
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt076313
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt082350
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt086214
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0111845
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0452672
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0636
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt019
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0760
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0115704
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt090180
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0111255
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0131071
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt099095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0547305
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0636
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0760
IRS990ScheduleA/InvestmentIncomeCYPct00.00076
IRS990ScheduleA/InvestmentIncomePYPct00.00016
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt06
IRS990ScheduleA/OtherIncome509Grp/TotalAmt06
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88203
IRS990ScheduleA/PublicSupportPY509Pct00.87728
IRS990ScheduleA/PublicSupportTotal509Amt0882688
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt017000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt07000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt027000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt016289
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt050000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0117289
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0211654
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0166493
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0193605
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0217285
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0210940
IRS990ScheduleA/Total509Grp/TotalAmt0999977
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0212290
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0166589
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0193609
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0217290
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0210965
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01000743
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization requires the board members to annually disclose changes in circumstance that would create a conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Matt Petcoff reviews the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION:CONSULTANTS TOTAL FEES:29200
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART IX LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0108117
IRS990/TotalAssetsEOYAmt0159619
IRS990/TotalAssetsGrp/BOYAmt0108117
IRS990/TotalAssetsGrp/EOYAmt0159619
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt095950
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012785
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0150575
IRS990/TotalFunctionalExpensesGrp/TotalAmt0163360
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0972
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0972
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0108117
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0158647
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0150575
IRS990/TotalProgramServiceRevenueAmt0115704
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02236
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0115704
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213890
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0108117
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0159619
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

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