Civic Intelligence

Denver Research Institute

EIN 84-1392442 • 501(c)3 • Denver, CO

Profile

The denver research institute was established for the purpose of providing medical research and educational programs related to advancing the research mission of the veterans affairs medical center in denver, co.

3401 Quebec Street 5000Denver, CO 80207

www.dri-va.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.21x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

48th percentile

0.14x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

58th percentile

8.6%

Higher net margin than 58% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

8th percentile

-14%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

17th percentile

-15%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,561,028

Up $15,185 (+0.3%) from 2023

Liabilities

Up

$1,922,410

Up $451,835 (+31%) from 2023

Net Assets

Down

$2,638,618

Down $436,650 (-14%) from 2023

Revenue

Down

$4,453,940

Down $515,878 (-10%) from 2023

Expenses

Down

$4,890,590

Down $1,219,426 (-20%) from 2023

Net Income

Up

-$436,650

Up $703,548 (+62%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,356,084Liabilities 2010: $1,218,833Net Assets 2010: $1,137,2512010Assets 2011: $2,906,131Liabilities 2011: $1,237,055Net Assets 2011: $1,669,0762011Assets 2012: $3,424,830Liabilities 2012: $1,213,192Net Assets 2012: $2,211,6382012Assets 2013: $3,567,837Liabilities 2013: $1,353,465Net Assets 2013: $2,214,3722013Assets 2014: $3,849,618Liabilities 2014: $1,713,268Net Assets 2014: $2,136,3502014Assets 2015: $2,689,170Liabilities 2015: $927,591Net Assets 2015: $1,761,5792015Assets 2016: $3,744,844Liabilities 2016: $1,581,731Net Assets 2016: $2,163,1132016Assets 2017: $2,975,694Liabilities 2017: $799,216Net Assets 2017: $2,176,4782017Assets 2018: $3,344,444Liabilities 2018: $958,828Net Assets 2018: $2,385,6162018Assets 2019: $5,374,859Liabilities 2019: $2,211,510Net Assets 2019: $3,163,3492019Assets 2020: $5,896,324Liabilities 2020: $2,500,668Net Assets 2020: $3,395,6562020Assets 2021: $6,241,987Liabilities 2021: $2,698,898Net Assets 2021: $3,543,0892021Assets 2022: $5,346,478Liabilities 2022: $1,131,012Net Assets 2022: $4,215,4662022Assets 2023: $4,545,843Liabilities 2023: $1,470,575Net Assets 2023: $3,075,2682023Assets 2024: $4,561,028Liabilities 2024: $1,922,410Net Assets 2024: $2,638,6182024

Highlighted filing

2024

Assets$4,561,028
Liabilities$1,922,410
Net Assets$2,638,618

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,605,6982010Expenses 2011: $2,340,7702011Expenses 2012: $4,011,5872012Revenue 2013: $5,388,815Expenses 2013: $5,386,081Net Income 2013: $2,7342013Revenue 2014: $7,188,903Expenses 2014: $7,428,938Net Income 2014: -$240,0352014Revenue 2015: $6,068,950Expenses 2015: $6,661,346Net Income 2015: -$592,3962015Revenue 2016: $7,057,888Expenses 2016: $6,656,354Net Income 2016: $401,5342016Revenue 2017: $5,946,220Expenses 2017: $5,932,855Net Income 2017: $13,3652017Revenue 2018: $5,934,448Expenses 2018: $5,725,310Net Income 2018: $209,1382018Revenue 2019: $7,969,061Expenses 2019: $7,191,328Net Income 2019: $777,7332019Revenue 2020: $8,913,502Expenses 2020: $8,681,195Net Income 2020: $232,3072020Revenue 2021: $9,165,771Expenses 2021: $9,018,338Net Income 2021: $147,4332021Revenue 2022: $7,808,781Expenses 2022: $7,136,404Net Income 2022: $672,3772022Revenue 2023: $4,969,818Expenses 2023: $6,110,016Net Income 2023: -$1,140,1982023Revenue 2024: $4,453,940Expenses 2024: $4,890,590Net Income 2024: -$436,6502024

Highlighted filing

2024

Revenue$4,453,940
Expenses$4,890,590
Net Income-$436,650

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.56$1.92$2.64$4.45$4.89$0.44
2023Detailed filing. Detailed filing data is available for this year.$4.55$1.47$3.08$4.97$6.11$1.14
2022Detailed filing. Detailed filing data is available for this year.$5.35$1.13$4.22$7.81$7.14$0.67
2021Detailed filing. Detailed filing data is available for this year.$6.24$2.70$3.54$9.17$9.02$0.15
2020Detailed filing. Detailed filing data is available for this year.$5.90$2.50$3.40$8.91$8.68$0.23
2019Detailed filing. Detailed filing data is available for this year.$5.37$2.21$3.16$7.97$7.19$0.78
2018Detailed filing. Detailed filing data is available for this year.$3.34$0.96$2.39$5.93$5.73$0.21
2017Detailed filing. Detailed filing data is available for this year.$2.98$0.80$2.18$5.95$5.93$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.74$1.58$2.16$7.06$6.66$0.40
2015Detailed filing. Detailed filing data is available for this year.$2.69$0.93$1.76$6.07$6.66$0.59
2014Detailed filing. Detailed filing data is available for this year.$3.85$1.71$2.14$7.19$7.43$0.24
2013Detailed filing. Detailed filing data is available for this year.$3.57$1.35$2.21$5.39$5.39$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.42$1.21$2.21$4.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$1.24$1.67$2.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$1.22$1.14$1.61
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.0
Gross Receipts
$4,460,383
Mission and Program Overview

Mission

The denver research institute was established for the purpose of providing medical research and educational programs related to advancing the research mission of the veterans affairs medical center in denver, co.

To provide medical research and educational programs related to advancing the research mission of the veterans affairs medical center in denver, co.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$985,390$3,144,518▲ $2,159,128
Accounts Receivable$116,667$565,452▲ $448,785
Savings and Temporary Cash Investments$2,047,836$359,484▼ $1,688,352
Pledges and Grants Receivable$1,152,910$358,692▼ $794,218
Intangible Assets$151,209--
Land, Buildings, and Equipment, Net$72,271$38,805▼ $33,466
Prepaid Expenses and Deferred Charges$19,560$23,733▲ $4,173
Total Assets$4,545,843$4,561,028▲ $15,185
Other Assets Total-$70,344-
Liabilities
Other Liabilities$765,681$1,032,509▲ $266,828
Accounts Payable and Accrued Expenses$704,894$889,901▲ $185,007
Total Liabilities$1,470,575$1,922,410▲ $451,835
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,798,062$2,638,618▼ $159,444
Net Assets With Donor Restrictions$277,206--
Total Net Assets Fund Balance$3,075,268$2,638,618▼ $436,650
Total Liabilities and Net Assets / Fund Balance$4,545,843$4,561,028▲ $15,185

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,805$108,072-
Other Securities$30,558--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia GasawayExecutive DiFT$178,568$17,604$196,172
Cynthia GasawayExecutive Director-$178,568$17,604$196,172
Sabrina JeffriesHr Director (thrFT$133,925$31,521$165,446
Sabrina JeffriesHr Director (thru 11/24)-$133,925$31,521$165,446
Kristen BatchoFinance DireFT$132,414$7,976$140,390
Bryan WeigleGrants DirecFT$111,287$6,508$117,795

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Rocky Mtn Regional Va CtrResearch1700 N WHEELING ST, Aurora, CO 80045$841,699
University Of Colorado DenverResearch1201 LARIMER ST, Denver, CO 80204$273,880
Revenue and Support

Revenue Composition

Contributions and Grants
$2,142,319
Program Service Revenue
$2,181,338
Investment Income
$124,560
Other Revenue
$5,723
All Other Contributions
$1,426,368
Change in Net Assets
$-436,650

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,453,940
Total Revenue per Audited Statements
$4,453,940
Total Revenue per Form 990
$4,453,940
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,740,062
Other Expenses$2,103,674
Grants and Similar Amounts Paid$46,854
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,560,457$455,961-$2,016,418
Fees for Services Other$1,462,708$35,127-$1,497,835
Current Officers, Directors, Trustees, and Key Employees$27,284$318,199-$345,483
Other Employee Benefits$113,862$32,591-$146,453
Payroll Taxes$98,294$44,731-$143,025
Pension Plan Contributions$61,688$26,995-$88,683
Occupancy-$88,398-$88,398
Travel$35,153$14,585-$49,738
Grants to Domestic Orgs$46,854--$46,854
Other Expenses$34,401$62,850-$34,401
Information Technology$2,071$27,992-$30,063
All Other Expenses$10,225$16,957-$27,182
Depreciation Depletion$27,023--$27,023
Conferences and Meetings$9,274$12,954-$22,228
Insurance-$11,134-$11,134
Total Functional Expenses$3,742,116$1,148,474$0$4,890,590

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,890,590
Total Expenses per Audited Statements$4,890,590
Total Expenses per Form 990$4,890,590
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Portland Va Research FoundationPortland, OR501c3Veteran Suicide$46,854
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$958,099
Operating Lease Liability$74,410
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
Yes
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, Page 6, Part VI, Line 4

Effective may 2024, dri formed a multi-site nonprofit research and education corporation (npc) to support clinical research in western colorado. The agreement incorporated the western colorado health care system (wchcs) into dri's scope of operations and the bylaws were updated accordingly.

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

Both the audit and the form 990 are presented to the board of directors for review and approval. Upon approval by the board, the form 990 is then filed with the irs.

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

All officers, directors, and key employees are required to submit a signed conflict of interest statement that specifies potential areas of direct and indirect benefit. These statements are retained, with the requirement that each person is required to submit a new statement during the ensuing fiscal year, and to report any potential conflicts that may arise for determination.

Form 990, Page 6, Part VI, Line 15A

At the time of employment of the executive director, a survey was conducted relating to the other nonprofit corporations of a similar size that are affiliated with va medical centers. Salary data was compiled involving several organizations. This data provided the basis for compensation determination.

Form 990, Page 6, Part VI, Line 19

The organization provides information upon request.

Filing and Contact Details

Filer

Filer Name
Denver Research Institute
EIN
84-1392442
Phone
3035010540
Address
3401 QUEBEC STREET 5000, DENVER, CO 80207

Signing Officer

Name
Cynthia Gasaway
Title
Executive Director
Phone
3035010540
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cynthia Gasaway
Formed
1997
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
65
Volunteers
9

Preparer

Firm
Kundinger Corder & Montoya Pc
Address
475 LINCOLN STREET SUITE 200, DENVER, CO 80203
Preparer
Maria Montoya
Phone
3035345953
Supplemental Narrative

Additional Explanations

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

Military suicide research consortium (msrc): persons suffering from major mental illnesses are at an elevated risk for suicide-related behaviors. Repeated deployments to the middle east have resulted in military personnel having symptoms of post traumatic stress disorder (ptsd) or other psychological problems. The goals of the study are to produce new scientific knowledge about social behavior in the military that improve mental health outcomes for military personnel, to use research methods, and for analyses. Express 31: provides in-depth analyses of transcriptional data resulting from the express 31 clinical trial enrollment at six sites. In addition to analysis work, express 31 provides data sets for advanced modeling and interpretation of the data. All of us research program: engagement, enrollment, and retention of participants in the all of us research program (aourp) within veterans affairs (va) healthcare facilities. Scientific investigation: major areas of scientific investigation in other research projects include suicide prevention, traumatic brain injury, diabetes, heart, and lung disease.

Form 990, Part IX, Line 11G

Contract service agreements 1,323,291 0 0 professional and consulting 19,206 35,127 0 administrative fees 120,211 0 0 total 1,462,708 35,127 0

Form 990, Page 12, Part XII, Line 2C

The process has not changed from prior years.

Raw XML AppendixShowing 400 of 542 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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