Civic Intelligence

Colfax Marathon Partnership Inc.

990 • Fiscal year 2024 • EIN 87-0737183

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 07, 2025

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

58th percentile

0.10x

Higher debt load relative to assets than 58% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

0.05x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

55th percentile

7.0%

Higher net margin than 55% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

89th percentile

44%

Faster asset growth than 89% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

17th percentile

-16%

Faster revenue growth than 17% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$1,229,885

Up $634,582 (+107%) from 2022

Net Assets

Up

$1,101,136

Up $517,815 (+89%) from 2022

Liabilities

Up

$128,749

Up $116,767 (+975%) from 2022

Revenue

Down

$2,552,796

Down $1,039,918 (-29%) from 2022

Expenses

Down

$2,374,525

Down $197,146 (-7.7%) from 2022

Net Income

Down

$178,271

Down $842,772 (-83%) from 2022

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

2024

Assets$1,229,885
Liabilities$128,749
Net Assets$1,101,136

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

2024

Revenue$2,552,796
Expenses$2,374,525
Net Income$178,271
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 7, 2025
Return Version
2023v6.0
Gross Receipts
$2,688,721
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$908,421$1,218,549▲ $310,128
Rtn Earn Endowment Incm Other Fnds$922,865$1,101,136▲ $178,271
Prepaid Expenses and Deferred Charges$20,795$6,991▼ $13,804
Accounts Receivable$81,955$554▼ $81,401
Land, Buildings, and Equipment, Net$211--
Total Assets$1,015,865$1,229,885▲ $214,020
Other Assets Total$4,483$3,791▼ $692
Liabilities
Accounts Payable and Accrued Expenses$91,165$96,341▲ $5,176
Other Liabilities$1,835$32,408▲ $30,573
Total Liabilities$93,000$128,749▲ $35,749
Net Assets / Fund Balance
Total Net Assets Fund Balance$922,865$1,101,136▲ $178,271
Total Liabilities and Net Assets / Fund Balance$1,015,865$1,229,885▲ $214,020

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$8,318$8,318
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,481,342
Investment Income
$18,136
Other Revenue
$53,318
Change in Net Assets
$178,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,167,814
Salaries, Compensation, and Employee Benefits$206,711
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$255,669--$255,669
Other Salaries and Wages$206,711--$206,711
Other Expenses$146,695--$146,695
All Other Expenses$93,157$666-$93,823
Occupancy$58,908--$58,908
Depreciation Depletion$211--$211
Total Functional Expenses$2,373,859$666$0$2,374,525
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
Credit Card Payable$25,259
Fly Feet Restricted$5,909
Payroll Liabilities$1,240
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
Eric Gutknecht
Title
Chair
Phone
3035876676
Signed
2025-02-07

Organization Details

Principal Officer
Eric Gutknecht
Formed
2004
Legal Domicile
Co
Voting Board Members
17
Independent Board Members
17
Employees
2
Volunteers
2,000

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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1103626
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PURCHASE OF LAPTOP CURRENTLY BEING DEPRECIATED.
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYInvestmentIncomeAmt01024
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IRS990/PYOtherRevenueAmt060988
IRS990/PYProgramServiceRevenueAmt02358473
IRS990/PYRevenuesLessExpensesAmt0339544
IRS990/PYSalariesCompEmpBnftPaidAmt0198213
IRS990/PYTotalExpensesAmt02080941
IRS990/PYTotalRevenueAmt02420485
IRS990/ReconcilationRevenueExpnssAmt0178271
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-3396
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02481342
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0922865
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01101136
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt031700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt031700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt063400
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt015738
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0109
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt093
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0411
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017375
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt09130671
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78490
IRS990ScheduleA/PublicSupportPY170Pct00.99690
IRS990ScheduleA/PublicSupportTotal170Amt063400
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt031700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt031700
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08318
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15909
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21240
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FLY FEET RESTRICTED
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
IRS990ScheduleD/TotalLiabilityAmt032408
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PURCHASE OF LAPTOP CURRENTLY BEING DEPRECIATED.
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/FormAndLineReferenceDesc0FORM 990, PART III
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01015865
IRS990/TotalAssetsEOYAmt01229885
IRS990/TotalAssetsGrp/BOYAmt01015865
IRS990/TotalAssetsGrp/EOYAmt01229885
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02373859
IRS990/TotalFunctionalExpensesGrp/TotalAmt02374525
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt093000
IRS990/TotalLiabilitiesEOYAmt0128749
IRS990/TotalLiabilitiesGrp/BOYAmt093000
IRS990/TotalLiabilitiesGrp/EOYAmt0128749
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0922865
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01101136
IRS990/TotalOtherProgSrvcExpenseAmt0211
IRS990/TotalProgramServiceExpensesAmt02373859
IRS990/TotalProgramServiceRevenueAmt02481342
IRS990/TotalRevenueGrp/ExclusionAmt018136
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02534660
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02552796
IRS990/TotalVolunteersCnt02000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01015865
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01229885
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0CONTINENTAL SAUSAGE
IRS990/USAddress/AddressLine2Txt0911 E 75TH AVE
IRS990/USAddress/CityNm0DENVER
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080229
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WebsiteAddressTxt0RUNCOLFAX.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIC GUTKNECHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03035876676
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLFAX MARATHON PARTNERSHIP INC
ReturnHeader/Filer/BusinessNameControlTxt0COLF
ReturnHeader/Filer/EIN0870737183
ReturnHeader/Filer/PhoneNum03035876676
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 6117
ReturnHeader/Filer/USAddress/CityNm0DENVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd0802060117
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841203309
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COLWELL & COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05728 S GALLUP ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LITTLETON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0801201622
ReturnHeader/PreparerPersonGrp/PhoneNum03033479402
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT D COLWELL
ReturnHeader/ReturnTs02025-02-07T15:37:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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
Peer Organizations

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