Wheat Ridge 2020 Inc
- Assets
- $1.7m
- Revenue
- $517.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Wheat Ridge, CO
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 56-2550132
Organization Overview
Wheat Ridge 2020 Inc, operating under the name Localworks, is located in Wheat Ridge, CO. The organization was established in 2008. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Localworks employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Localworks 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 12/2021, Localworks generated $517.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $452.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WHEAT RIDGE 2020, INC. DBA LOCALWORKS ADVANCES WHEAT RIDGE, COLORADO, AS A VIBRANT AND SUSTAINABLE COMMUNITY. WHEAT RIDGE 2020, INC. DBA LOCALWORKS ATTRACTS AND RETAINS STAKEHOLDER HOUSEHOLDS AND BUSINESSES BY FACILITATING DEVELOPMENT AND INFLUENCING REGULATORY AND POLICY CHANGES NECESSARY TO REALIZE A VIBRANT AND SUSTAINABLE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EVENTS, BUSINESS PROMOTION, BUSINESS STABILITYLOCALWORKS PARTICIPATED IN 10 CHALK OF THE TOWN INSTALLATIONS TO PROMOTE BOTH LOCAL ARTISTS AND BUSINESSES THAT HOSTED THE ART, 5 COMMUNITY CORRIDOR CLEAN UPS TO HELP FREE UP AND CLEAN COMMERCIAL SPACE WHERE HIGH FOOT TRAFFIC FOR BUSINESS OCCURS, INCLUDING AREAS SUCH AS KIPLING ST. AND ALONG I-70, AND FINALLY TWO MAJOR EVENTS THE RIDGE AT 38 CRITERIUM BIKE RACE AND TRUNK OR TREAT, GETTING RESIDENTS INTO DOWNTOWN WHEAT RIDGE TO CONNECT WITH ONE ANOTHER AND LOCAL BUSINESS.
COMMUNITY ENGAGEMENT, PROMOTION OF VOLUNTEERISM AND CLEANER COMMUNITIESLOCALWORKS PROVIDES BLOCK PARTY GRANTS, TLC CLEAN UP DAYS, NEIGHBORHOOD DUMPSTER GRANTS AND MOVIES IN THE PARK TO PROMOTE COMMUNITY, ENGAGEMENT, VOLUNTEERISM, WHILE PROMOTING CLEANER AND SAFER COMMUNITIES. THERE WERE 16 NEIGHBORHOOD DUMPSTER GRANTS THAT NEIGHBORS GATHERED AND FILLED DUMPSTERS WITH DEBRIS AND JUNK, COMING TOGETHER AND BEAUTIFYING THEIR NEIGHBORHOOD. THERE WERE FOUR TLC DUMPSTER DAYS IN PARTNERSHIP WITH THE CITY OF WHEAT RIDGE POLICE DEPARTMENT, 8 BLOCK PARTY GRANTS UP TO $150 EACH TO PROMOTE NEIGHBORS TO GATHER TOGETHER TO BETTER RETAIN RESIDENTS IN THE CITY OF WHEAT RIDGE, AND 5 PORCHES AND PATIOS AS POP EVENTS TO GET THE COMMUNITY TOGETHER IN A SAFE WAY AS WE CONTINUED TO BATTLE COVID-19.
MAKER SPACE, THE MOST EXCITING STEP FORWARD INVOLVES THE CREATION OF A MAKERSPACE IN WHEAT RIDGE. THE LOCALWORKS MAKERSPACE GROUP FORMED IN LATE AUGUST AND HAS BEEN MEETING WEEKLY ON TUESDAYS AT 6:00 PM. STARTING OUT AT STYLUS AND CRATE, THE GROUP MOVED TO THE LOCALWORKS OFFICES IN MID-SEPTEMBER AND LOCALWORKS IS NOW OPERATING A "MINI" MAKERSPACE COMPLETE WITH ELECTRONICS, HAND TOOLS, 3D PRINTER, COPY MACHINE, AND OTHER TOOLS THAT MAKERS USE TO MAKE AND CREATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Cooke Executive Director | Officer | 40 | $79,691 |
Darin Hammerschmidt Vice President | OfficerTrustee | 3 | $0 |
Joy Opp Secretary | OfficerTrustee | 3 | $0 |
Janeene Allen Treasurer | OfficerTrustee | 3 | $0 |
Kelsey Robb President | OfficerTrustee | 5 | $0 |
Stephen Atma Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $468,661 |
| All other contributions, gifts, grants, and similar amounts not included above | $959 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $469,620 |
| Total Program Service Revenue | $44,917 |
| Investment income | $3,294 |
| 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 | $517,831 |
| 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. | $93,837 |
| Compensation of current officers, directors, key employees. | $11,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,379 |
| Pension plan accruals and contributions | $3,970 |
| Other employee benefits | $18,403 |
| Payroll taxes | $12,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $255 |
| Fees for services: Accounting | $13,957 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $637 |
| Advertising and promotion | $15,046 |
| Office expenses | $54,138 |
| Information technology | $703 |
| Royalties | $0 |
| Occupancy | $20,899 |
| Travel | $151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,099 |
| Insurance | $2,718 |
| All other expenses | $0 |
| Total functional expenses | $452,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,549,799 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,850 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $127,567 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,700,928 |
| Accounts payable and accrued expenses | $15,519 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $15,519 |
| Net assets without donor restrictions | $1,685,409 |
| Net assets with donor restrictions | $0 |
| 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 | $1,700,928 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wheat Ridge 2020 Inc has recieved totaling $118,039.
| Awarding Organization | Amount |
|---|---|
Kaiser Foundation Health Plan Of Colorado Oakland, CA PURPOSE: Project Support | $100,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE, PROGRAM SUPPORT | $17,979 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATIONS | $60 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Development Institute Kansas Denver, CO | $25,496,430 | $27,631,308 |
Central Nebraska Community Action Partnership Inc Loup City, NE | $11,182,517 | $15,277,585 |
Urban Land Conservancy Denver, CO | $141,352,888 | $31,846,899 |
Center For People In Need Inc Lincoln, NE | $4,396,742 | $7,753,507 |
Las Sendas Community Association Scottsdale, AZ | $18,217,968 | $6,434,720 |
First Nations Oweesta Corporation Longmont, CO | $63,460,575 | $8,550,611 |
Southwest Oklahoma Community Action Group Inc Altus, OK | $4,395,408 | $6,280,585 |
Telluride Mountain Village Owners Association Mountain Village, CO | $58,036,746 | $18,777,626 |
Cplc New Mexico Inc Phoenix, AZ | $8,008,132 | $5,703,819 |
The Alliance For Economic Development Of Oklahoma City Inc Oklahoma City, OK | $832,261 | $5,568,089 |
Viridian Residential Association Scottsdale, AZ | $3,949,158 | $4,903,376 |
Vistancia Village A Community Association Scottsdale, AZ | $3,845,113 | $4,265,306 |