Civic Intelligence

Colfax Marathon Partnership Inc.

990 • Fiscal year 2020 • EIN 87-0737183

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 12, 2020

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

94th percentile

1.13x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

26.71x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

1st percentile

-1330%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

94th percentile

120%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,089,672

Up $595,175 (+120%) from 2019

Net Assets

Down

-$143,422

Down $614,190 (-130%) from 2019

Liabilities

Up

$1,233,094

Up $1,209,365 (+5097%) from 2019

Revenue

Down

$46,172

Down $2,161,674 (-98%) from 2019

Expenses

Down

$660,362

Down $1,543,350 (-70%) from 2019

Net Income

Down

-$614,190

Down $618,324 (-14957%) from 2019

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

2020

Assets$1,089,672
Liabilities$1,233,094
Net Assets-$143,422

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

2020

Revenue$46,172
Expenses$660,362
Net Income-$614,190
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 12, 2020
Return Version
2019v5.0
Gross Receipts
$137,198
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
Cash and Non-Interest-Bearing Accounts$443,731$971,511▲ $527,780
Prepaid Expenses and Deferred Charges$9,773$88,895▲ $79,122
Accounts Receivable$37,743$26,856▼ $10,887
Land, Buildings, and Equipment, Net$2,100$1,260▼ $840
Rtn Earn Endowment Incm Other Fnds$470,768$-143,422▼ $614,190
Total Assets$494,497$1,089,672▲ $595,175
Other Assets Total$1,150$1,150→ $0
Liabilities
Other Liabilities$9,280$1,231,671▲ $1,222,391
Accounts Payable and Accrued Expenses$14,449$1,423▼ $13,026
Total Liabilities$23,729$1,233,094▲ $1,209,365
Net Assets / Fund Balance
Total Net Assets Fund Balance$470,768$-143,422▼ $614,190
Total Liabilities and Net Assets / Fund Balance$494,497$1,089,672▲ $595,175

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,260$951$2,211
Compensation and Service Providers

Board Members and Trustees

NameTitle
Julia RichmanChair
Eric GutknechtVice Chair
Barbara MorganDirector
Chris HerndonDirector
David ThomsonDirector
Eric GreenDirector
Evelyn BakerDirector
Michelle HadwigerDirector
Mizraim CorderoDirector
Patrick RizzoDirector
Sam BaileyDirector
Zachary D DetraDirector
Anthony AragonCity Represe
Tim EricksonCity Represe
Vanessa ZarateCity Represe
Chris PiperPrevious CHA
Carrie AtiyehSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$46,841
Investment Income
$411
Other Revenue
$-1,080
Change in Net Assets
$-614,190
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$473,857
Salaries, Compensation, and Employee Benefits$186,505
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$186,505--$186,505
Advertising$101,359--$101,359
Occupancy$66,614--$66,614
All Other Expenses$17,719$506-$18,225
Other Expenses$14,214--$14,214
Depreciation Depletion$840--$840
Total Functional Expenses$659,856$506$0$660,362
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$1,199,441
Sba Loan (ppp)$31,700
Payroll Liabilities$530
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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, 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
2020-11-12

Organization Details

Principal Officer
Julia Richman
Formed
2004
Legal Domicile
Co
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
2

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

Purchase of laptop currently being depreciated.

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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/UponRequestInd0X
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IRS990/USAddress/CityNm0DENVER
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIA RICHMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03035876676
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-12
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ReturnHeader/Filer/PhoneNum03035876676
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ReturnHeader/FilingSecurityInformation/IPTm016:31:48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841203309

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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