Downtown Denver Events Inc
- Assets
- -$3.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 08/2005
- Data as of
- 06/2022
- EIN
- 20-1168758
Organization Overview
Downtown Denver Events Inc is located in Denver, CO. The organization was established in 2005. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Denver Events Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Downtown Denver Events Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN EXPERIENCE AND FESTIVALS AND EVENTS: DOWNTOWN DENVER EVENTS PRODUCES A WIDE ARRAY OF COMMUNITY EVENTS AND EXPERIENCES THAT ACTIVATE THE PUBLIC REALM, PERPETUATE A POSITIVE BRAND FOR THE CENTER CITY, AND ENGAGE THE COMMUNITY.
ENTREPRENEURSHIP AND INNOVATION: THE COMMONS ON CHAMPA IS A COMMUNITY RESOURCE AND ECONOMIC DEVELOPMENT INITIATIVE ESTABLISHED TO FOSTER INNOVATION AND ENTREPRENEURSHIP IN BUILDING AN INCLUSIVE, VIBRANT LOCAL ECONOMY.
DOWNTOWN ENVIRONMENT AND THE PUBLIC REALM: WYNKOOP PLAZA AT DENVER UNION STATION IS MANAGED AND REGULATED BY DDE, AND PERMITS ARE ISSUED FOR ACTIVATION OF THE SPACE THROUGH NON-COMMERCIAL EVENTS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Door Prior Presid | OfficerTrustee | 1 | $0 |
Kate Barton Evp, Special | OfficerTrustee | 1 | $0 |
Kourtny Garrett President Fr | OfficerTrustee | 1 | $0 |
Elizabeth Salomon Ddp Treasure | OfficerTrustee | 2 | $0 |
Charlene Laus Evp, Finance | Officer | 1 | $0 |
Sharon Alton Svp, Dwntwn | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lowry Beer Garden Beer Garden Management | 6/29/20 | $226,015 |
Psi-production Services Internation Stage Production Services | 6/29/20 | $153,473 |
Snelling Staffing Services Taste Of Colorado Management | 6/29/20 | $158,293 |
The Event Group Entertainment Booking Agency | 6/29/20 | $129,630 |
Magic Ice Usa Inc Skating Rink Equipment Rental | 6/29/20 | $139,136 |
Lowry Beer Garden Beer Garden Management | 6/29/20 | $226,015 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,431,873 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,431,873 |
| Total Program Service Revenue | $645,563 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,252,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $354,860 |
| Advertising and promotion | $447,052 |
| Office expenses | $14,656 |
| Information technology | $100,304 |
| Royalties | $0 |
| Occupancy | $296,486 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,783 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $208,871 |
| Insurance | $47,657 |
| All other expenses | $31,861 |
| Total functional expenses | $2,770,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$4,707,628 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $219,999 |
| Accounts receivable, net | $109,755 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $325,911 |
| Net Land, buildings, and equipment | $792,271 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | -$3,259,692 |
| Accounts payable and accrued expenses | $94,769 |
| Grants payable | $0 |
| Deferred revenue | $106,480 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,175 |
| Total liabilities | $208,424 |
| Net assets without donor restrictions | -$3,905,616 |
| Net assets with donor restrictions | $437,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | -$3,259,692 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Downtown Denver Events Inc has recieved totaling $7,984.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $7,929 |
Boettcher Foundation Denver, CO PURPOSE: TRUSTEE & STAFF MATCHING GIFT PROGRAM | $50 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Artspace Inc Salt Lake City, UT | $34,050,741 | $4,832,458 |
Downtown Denver Events Inc Denver, CO | -$3,259,692 | $2,252,393 |
Robert S & Grayce B Kerr Foundation Inc Oklahoma City, OK | $19,234,723 | $2,069,941 |
Create Academy Inc Tempe, AZ | $184,127 | $1,377,364 |
Arizona Health Information Network Incorporated Tucson, AZ | $1,547,927 | $1,862,672 |
Nac Development Corporation Omaha, NE | $1,861,422 | $979,250 |
Wyofile Lander, WY | $990,906 | $1,070,369 |
Morrison Theatre Company Golden, CO | $5,960,038 | $3,214,249 |
Crested Butte Music Festival Inc Crested Butte, CO | $370,840 | $452,517 |
Talking Talons Youth Leadership Cedar Crest, NM | $469,184 | $610,447 |
Xico Inc Phoenix, AZ | $2,244,663 | $853,373 |
Salina Baseball Enterprises Inc Salina, KS | $429,508 | $0 |