Civic Intelligence

Colfax Marathon Partnership Inc.

990 • Fiscal year 2019 • EIN 87-0737183

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 02, 2019

P O Box 6117Denver, CO 80206-0117

(303) 587-6676

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.05x

Higher debt load relative to assets than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

40th percentile

0.2%

Higher net margin than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

85th percentile

$157,967

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

13th percentile

-9.1%

Faster asset growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

76th percentile

22%

Faster revenue growth than 76% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$494,497

Down $49,514 (-9.1%) from 2018

Net Assets

Up

$470,768

Up $153,818 (+49%) from 2018

Liabilities

Down

$23,729

Down $203,332 (-90%) from 2018

Revenue

Up

$2,207,846

Up $404,512 (+22%) from 2018

Expenses

Up

$2,203,712

Up $422,272 (+24%) from 2018

Net Income

Down

$4,134

Down $17,760 (-81%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2010: $66,105Liabilities 2010: $308,725Net Assets 2010: -$242,6202010Assets 2011: $147,920Liabilities 2011: $291,470Net Assets 2011: -$143,5502011Assets 2012: $413,434Liabilities 2012: $291,270Net Assets 2012: $122,1642012Assets 2013: $854,696Liabilities 2013: $279,895Net Assets 2013: $574,8012013Assets 2014: $275,202Liabilities 2014: $302,257Net Assets 2014: -$27,0552014Assets 2015: $411,292Liabilities 2015: $281,257Net Assets 2015: $130,0352015Assets 2016: $422,868Liabilities 2016: $243,166Net Assets 2016: $179,7022016Assets 2017: $540,641Liabilities 2017: $245,585Net Assets 2017: $295,0562017Assets 2018: $544,011Liabilities 2018: $227,061Net Assets 2018: $316,9502018Assets 2019: $494,497Liabilities 2019: $23,729Net Assets 2019: $470,7682019Assets 2020: $1,089,672Liabilities 2020: $1,233,094Net Assets 2020: -$143,4222020Assets 2022: $595,303Liabilities 2022: $11,982Net Assets 2022: $583,3212022Assets 2024: $1,229,885Liabilities 2024: $128,749Net Assets 2024: $1,101,1362024Assets 2025: $1,575,467Liabilities 2025: $231,786Net Assets 2025: $1,343,6812025

Highlighted filing

2019

Assets$494,497
Liabilities$23,729
Net Assets$470,768

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $523,9402010Revenue 2011: $787,768Expenses 2011: $688,698Net Income 2011: $99,0702011Revenue 2012: $1,115,532Expenses 2012: $849,818Net Income 2012: $265,7142012Revenue 2013: $1,564,392Expenses 2013: $1,108,168Net Income 2013: $456,2242013Revenue 2014: $1,367,114Expenses 2014: $1,352,514Net Income 2014: $14,6002014Revenue 2015: $1,583,018Expenses 2015: $1,425,928Net Income 2015: $157,0902015Revenue 2016: $1,569,876Expenses 2016: $1,521,209Net Income 2016: $48,6672016Revenue 2017: $1,735,956Expenses 2017: $1,620,602Net Income 2017: $115,3542017Revenue 2018: $1,803,334Expenses 2018: $1,781,440Net Income 2018: $21,8942018Revenue 2019: $2,207,846Expenses 2019: $2,203,712Net Income 2019: $4,1342019Revenue 2020: $46,172Expenses 2020: $660,362Net Income 2020: -$614,1902020Revenue 2022: $3,592,714Expenses 2022: $2,571,671Net Income 2022: $1,021,0432022Revenue 2024: $2,552,796Expenses 2024: $2,374,525Net Income 2024: $178,2712024Revenue 2025: $2,796,909Expenses 2025: $2,554,364Net Income 2025: $242,5452025

Highlighted filing

2019

Revenue$2,207,846
Expenses$2,203,712
Net Income$4,134
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 2, 2019
Return Version
2018v3.1
Gross Receipts
$2,299,503
Mission and Program Overview

Mission

Operation of community marathon event

To conduct the annual colfax marathon to provide a platform for showcasing the revitalization of colfax avenue and support local charitable organizations

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$316,950$470,768▲ $153,818
Cash and Non-Interest-Bearing Accounts$489,585$443,731▼ $45,854
Accounts Receivable$52,705$37,743▼ $14,962
Prepaid Expenses and Deferred Charges$571$9,773▲ $9,202
Land, Buildings, and Equipment, Net-$2,100-
Total Assets$544,011$494,497▼ $49,514
Other Assets Total$1,150$1,150→ $0
Liabilities
Accounts Payable and Accrued Expenses$51,948$14,449▼ $37,499
Other Liabilities$175,113$9,280▼ $165,833
Total Liabilities$227,061$23,729▼ $203,332
Net Assets / Fund Balance
Total Net Assets Fund Balance$316,950$470,768▲ $153,818
Total Liabilities and Net Assets / Fund Balance$544,011$494,497▼ $49,514

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,100$5,629$2,211
Compensation and Service Providers

Employees

NameTitleBaseTotal
Andrea DowdyCEO$157,967$157,967

Board Members and Trustees

NameTitle
Julia RichmanChair
Eric GutknechtVice Chair
Barbara MorganDirector
Chris HerndonDirector
David ThomsonDirector
Evelyn BakerDirector
Mizraim CorderoDirector
Nate GordonDirector
Patrick RizzoDirector
Sam BaileyDirector
Anthony AragonCity Represe
Tim EricksonCity Represe
Vanessa ZarateCity Represe
Chris PiperPrevious CHA
Peter SchwartzPrevious CHA
Carrie AtiyehSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$817,676
Program Service Revenue
$1,371,476
Investment Income
$1,097
Other Revenue
$17,597
All Other Contributions
$817,676
Change in Net Assets
$4,134

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table5$409,650
Food Inventory2$47,000
Total Noncash Contributions7$456,650
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,045,745
Salaries, Compensation, and Employee Benefits$157,967
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$227,101$328-$227,429
Advertising$197,127--$197,127
Other Expenses$195,789--$195,789
Other Salaries and Wages$157,967--$157,967
Occupancy$71,040--$71,040
Depreciation Depletion$111--$111
Total Functional Expenses$2,203,384$328$0$2,203,712
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
Unearned Revenue$9,280
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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, Part VI

Form 990, part vi, line 4 - significant change to organizational document amended bylaws were filed in april 2014 to allow non-voting member to have voting rights in the case of the appointment of a board member. Form 990, part vi, line 15a - compensation process for top officials an annual review is performed after each race for the upcoming fiscal year. Compensation is reviewed by the executive committee and then by the board for final approval. Form 990, part vi, line 19 - governing documents disclosure explanations documents are not made available to the public.

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

Form 990 is reviewed by executive committee of the board along with the accountant and executive director. Comments are made regarding adustments to the form 990. The executive committee then recommends final approval to the board.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Colfax Marathon Partnership Inc
EIN
87-0737183
Phone
3035876676
Address
P O BOX 6117, DENVER, CO 80206-0117

Signing Officer

Name
Julia Richman
Title
Chair
Phone
3035876676
Signed
2019-10-02

Organization Details

Principal Officer
Julia Richman
Formed
2004
Legal Domicile
Co
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
1,600

Preparer

Firm
Colwell & Company Inc
Address
5728 S GALLUP ST, LITTLETON, CO 80120-1622
Preparer
Robert D Colwell
Phone
3033479402
Supplemental Narrative

Additional Explanations

Form 990, Part III

Form 990 - organization's mission or most significant activities to promote awareness and education of health and physical fitness to the general population, to raise and contribute funds to charitable organizations, and to promote economic development on colfax avenue in an effort to combat community deterioration and improve the overall vitality of blighted neighborhoods along the three-city colfax avenue corridor. Form 990 - organization's mission to promote awareness and education of health and physical fitness to the general population, to raise and contribute funds to charitable organizations, and to promote economic development on colfax avenue in an effort to combat community deterioration and improve the overall vitality of blighted neighborhoods along the three-city colfax avenue corridor.

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

Depreciation expense on laptop purchase

Form 990, Part IX, Line 24E

Awards 100,750 0 0 marathon awards evening 29,514 0 0 volunteer shirts/groups 26,902 0 0 food and beverage 23,256 0 0 payroll tax expense 15,221 0 0 legal/bookkeeping/consult 14,230 0 0 hof reception/awards 5,989 0 0 mileage/parking 3,748 0 0 mgmt meals and ent 2,684 0 0 finance fees/charges 2,636 0 0 insurance - general 2,171 0 0 board expenses 0 328 0 total 227,101 328 0

Form 990, Part XI, Line 9

Cancellation of debt 140,286

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IRS990/OtherExpensesGrp/Desc2SERVICE COORDINATORS
IRS990/OtherExpensesGrp/Desc3RUNNERS ENTITLEMENTS
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0DEPRECIATION EXPENSE ON LAPTOP PURCHASE
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0291000
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02279926
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES TO PROMOTE AWARENESS AND EDUCATION OF HEALTH AND PHYSICAL FITNESS TO THE GENERAL POPULATION, TO RAISE AND CONTRIBUTE FUNDS TO CHARITABLE ORGANIZATIONS, AND TO PROMOTE ECONOMIC DEVELOPMENT ON COLFAX AVENUE IN AN EFFORT TO COMBAT COMMUNITY DETERIORATION AND IMPROVE THE OVERALL VITALITY OF BLIGHTED NEIGHBORHOODS ALONG THE THREE-CITY COLFAX AVENUE CORRIDOR. FORM 990 - ORGANIZATION'S MISSION TO PROMOTE AWARENESS AND EDUCATION OF HEALTH AND PHYSICAL FITNESS TO THE GENERAL POPULATION, TO RAISE AND CONTRIBUTE FUNDS TO CHARITABLE ORGANIZATIONS, AND TO PROMOTE ECONOMIC DEVELOPMENT ON COLFAX AVENUE IN AN EFFORT TO COMBAT COMMUNITY DETERIORATION AND IMPROVE THE OVERALL VITALITY OF BLIGHTED NEIGHBORHOODS ALONG THE THREE-CITY COLFAX AVENUE CORRIDOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION EXPENSE ON LAPTOP PURCHASE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART VI, LINE 4 - SIGNIFICANT CHANGE TO ORGANIZATIONAL DOCUMENT AMENDED BYLAWS WERE FILED IN APRIL 2014 TO ALLOW NON-VOTING MEMBER TO HAVE VOTING RIGHTS IN THE CASE OF THE APPOINTMENT OF A BOARD MEMBER. FORM 990, PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIALS AN ANNUAL REVIEW IS PERFORMED AFTER EACH RACE FOR THE UPCOMING FISCAL YEAR. COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE AND THEN BY THE BOARD FOR FINAL APPROVAL. FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONS DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY EXECUTIVE COMMITTEE OF THE BOARD ALONG WITH THE ACCOUNTANT AND EXECUTIVE DIRECTOR. COMMENTS ARE MADE REGARDING ADUSTMENTS TO THE FORM 990. THE EXECUTIVE COMMITTEE THEN RECOMMENDS FINAL APPROVAL TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AWARDS 100,750 0 0 MARATHON AWARDS EVENING 29,514 0 0 VOLUNTEER SHIRTS/GROUPS 26,902 0 0 FOOD AND BEVERAGE 23,256 0 0 PAYROLL TAX EXPENSE 15,221 0 0 LEGAL/BOOKKEEPING/CONSULT 14,230 0 0 HOF RECEPTION/AWARDS 5,989 0 0 MILEAGE/PARKING 3,748 0 0 MGMT MEALS AND ENT 2,684 0 0 FINANCE FEES/CHARGES 2,636 0 0 INSURANCE - GENERAL 2,171 0 0 BOARD EXPENSES 0 328 0 TOTAL 227,101 328 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CANCELLATION OF DEBT 140,286
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0470768
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IRS990/TotalProgramServiceRevenueAmt01371476
IRS990/TotalReportableCompFromOrgAmt0157967
IRS990/TotalRevenueGrp/ExclusionAmt01097
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01389073
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02207846
IRS990/TotalVolunteersCnt01600

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.58$0.23$1.34$2.80$2.55$0.24
2024Detailed filing. Detailed filing data is available for this year.$1.23$0.13$1.10$2.55$2.37$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.60$0.01$0.58$3.59$2.57$1.02
2020Detailed filing. Detailed filing data is available for this year.$1.09$1.23$0.14$0.05$0.66$0.61
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.02$0.47$2.21$2.20$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.54$0.23$0.32$1.80$1.78$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.25$0.30$1.74$1.62$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.42$0.24$0.18$1.57$1.52$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.41$0.28$0.13$1.58$1.43$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.28$0.30$0.03$1.37$1.35$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.28$0.57$1.56$1.11$0.46
2012Summary only. Only limited summary data is available for this year.$0.41$0.29$0.12$1.12$0.85$0.27
2011Summary only. Only limited summary data is available for this year.$0.15$0.29$0.14$0.79$0.69$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.31$0.24$0.52