Civic Intelligence

El Sistema Colorado

EIN 92-0312087 • Denver, CO

NTEE A68
Denver, CO
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$752,808

Up $202,206 (+37%) from 2023

Liabilities

Up

$65,457

Up $46,837 (+252%) from 2023

Net Assets

Up

$687,351

Up $155,369 (+29%) from 2023

Operations

Revenue

Down

$842,451

Down $108,643 (-11%) from 2023

Expenses

Up

$687,082

Up $267,970 (+64%) from 2023

Net Income

Down

$155,369

Down $376,613 (-71%) from 2023

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2023: $550,602Liabilities 2023: $18,620Net Assets 2023: $531,9822023Assets 2024: $752,808Liabilities 2024: $65,457Net Assets 2024: $687,3512024

Highlighted filing

2024

Assets$752,808
Liabilities$65,457
Net Assets$687,351

Operations Trend

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

$1.0M$500K$0Revenue 2023: $951,094Expenses 2023: $419,112Net Income 2023: $531,9822023Revenue 2024: $842,451Expenses 2024: $687,082Net Income 2024: $155,3692024

Highlighted filing

2024

Revenue$842,451
Expenses$687,082
Net Income$155,369

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Feb 5, 2025
Return Version
2023v6.0
Gross Receipts
$842,451
Mission and Program Overview

Mission

El sistema harnesses the joy of music and ignites the potential in our future leaders through an immersive youth music education program that transcends socioeconomic barriers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$343,494$488,342▲ $144,848
Land, Buildings, and Equipment, Net$168,775$147,184▼ $21,591
Pledges and Grants Receivable$32,975$44,487▲ $11,512
Prepaid Expenses and Deferred Charges$5,358$3,499▼ $1,859
Total Assets$550,602$752,808▲ $202,206
Other Assets Total$0$69,296▲ $69,296
Liabilities
Other Liabilities$0$42,035▲ $42,035
Accounts Payable and Accrued Expenses$18,620$23,422▲ $4,802
Total Liabilities$18,620$65,457▲ $46,837
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$531,982$624,593▲ $92,611
Net Assets With Donor Restrictions-$62,758-
Total Net Assets Fund Balance$531,982$687,351▲ $155,369
Total Liabilities and Net Assets / Fund Balance$550,602$752,808▲ $202,206

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$147,184$75,962$223,146
Land$0--
Other Assets Org$41,538--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ingrid LarragoityExecutive DirectorFT$83,104$83,104

Board Members and Trustees

NameTitle
Shannon BatalBoard Chair
Alexandra ManionBoard Member
Bridget McneilBoard Member
Carolyn TarrBoard Member
Clay FoxBoard Member
Joanna LeonardBoard Member
Knight HinmanBoard Member
Maria IrivarrenBoard Member
Angelica RuedaSecretary
Lindsey DamronTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$842,451
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$622,214
Change in Net Assets
$155,369

Audited Revenue Reconciliation

Revenue per Audited Statements
$842,451
Revenue Not Reported on Form 990
$190,507
Total Revenue per Audited Statements
$1,032,958
Total Revenue per Form 990
$842,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$493,495
Other Expenses$193,587
Total Fundraising Expense$74,428
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$268,745$20,026$36,263$325,034
Current Officers, Directors, Trustees, and Key Employees$63,722$18,207$9,103$91,032
All Other Expenses$49,368$0$0$49,368
Depreciation Depletion$41,081$1,634$6,302$49,017
Payroll Taxes$36,554$4,203$4,988$45,745
Other Employee Benefits$21,942$3,706$4,012$29,660
Fees for Services Accounting$0$22,440$0$22,440
Fees for Services Other$18,689$1,976$943$21,608
Occupancy$12,277$488$1,883$14,648
Office Expenses$11,783$374$1,588$13,745
Insurance$0$9,942$0$9,942
Other Expenses$0$0$4,942$4,942
Advertising$555$22$4,183$4,760
Pension Plan Contributions$1,617$186$221$2,024
Total Functional Expenses$529,440$83,214$74,428$687,082

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$877,589
Expenses per Audited Statements$687,082
Total Expenses per Form 990$687,082
Expenses Not Reported on Form 990$190,507
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
Operating Lease Liability$42,035
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
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
Filing and Contact Details

Filer

Filer Name
El Sistema Colorado
EIN
92-0312087
Phone
9549371335
Address
2980 CURTIS ST, DENVER, CO 80205

Signing Officer

Name
Ingrid Larragoity
Title
Executive Director
Phone
9549371335
Signed
2025-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ingrid Larragoity
Formed
2022
Legal Domicile
Co
Voting Board Members
10
Independent Board Members
10
Employees
21
Volunteers
75

Preparer

Firm
The Accounting Department Inc
Address
725 Seldom Seen Rd, Golden, CO 80403
Preparer
Gregory W Dickson
Phone
3039976827
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A copy of the irs form 990 is provided to the members of the board of directors for review and comment prior to filing.

Pt VI, Line 12C

Board members are required to review the conflict of interest policy and disclose actual or possible conflicts of interest on an annual basis.

Pt VI, Line 19

The organizations governing documents, conflict of interest policy, and financial statements are available upon request.

Financial Statement Notes

Pt XI, Line 2D

Special event expenses reported as expenses on audit

Pt XII, Line 2D

Special event expenses reported as expenses on audit

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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0155369
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0842451
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0967023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01809474
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0190507
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt067160
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0257667
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt01821855
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0245286
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01032958
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01034183
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02067141
IRS990ScheduleA/TotalSupportAmt02067141
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0190507
IRS990ScheduleD/DonatedServicesUseFcltsAmt0190507
IRS990ScheduleD/EquipmentGrp/BookValueAmt0147184
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075962
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0223146
IRS990ScheduleD/ExpensesNotReportedAmt0190507
IRS990ScheduleD/ExpensesSubtotalAmt0687082
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt027758
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt141538
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PROMISE TO GIVE RECEIVABLE IN BELOW MARKET LEASE IN-KIND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OPERATING LEASE RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt042035
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt0190507
IRS990ScheduleD/RevenueSubtotalAmt0842451
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENT EXPENSES REPORTED AS EXPENSES ON AUDIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES REPORTED AS EXPENSES ON AUDIT
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0147184
IRS990ScheduleD/TotalBookValueOtherAssetsAmt069296
IRS990ScheduleD/TotalExpensesPerForm990Amt0687082
IRS990ScheduleD/TotalLiabilityAmt042035
IRS990ScheduleD/TotalRevenuePerForm990Amt0842451
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01032958
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0877589
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE IRS FORM 990 IS PROVIDED TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY AND DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0550602
IRS990/TotalAssetsEOYAmt0752808
IRS990/TotalAssetsGrp/BOYAmt0550602
IRS990/TotalAssetsGrp/EOYAmt0752808
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0842451
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt074428
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt083214
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0529440
IRS990/TotalFunctionalExpensesGrp/TotalAmt0687082
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018620
IRS990/TotalLiabilitiesEOYAmt065457
IRS990/TotalLiabilitiesGrp/BOYAmt018620
IRS990/TotalLiabilitiesGrp/EOYAmt065457
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0531982
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0687351
IRS990/TotalOtherCompensationAmt00

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