Denver Earth Resources Library
- Assets
- $1.2m
- Revenue
- $301.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Denver, CO
- Founding
- 01/1987
- Data as of
- 12/2022
- EIN
- 74-2427144
Organization Overview
Denver Earth Resources Library is located in Denver, CO. The organization was established in 1987. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Earth Resources Library 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 12/2022, Denver Earth Resources Library generated $301.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $304.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 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
THE LIBRARY CULTIVATES INTEREST IN EARTH SCIENCE THROUGH DATA EXPLORATION AND COMMUNITY EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIBRARY'S COLLECTIONS INCLUDE UNIQUE SUBSURFACE DATA, PLUS HISTORIC AND ARTFUL MAPS. THE DATA IS USED BY GEOSCIENTISTS PURSUING EXPLORATION IDEAS AND RESEARCHERS ASSOCIATED WITH MUSEUMS AND UNIVERSITIES AND BY THE PUBLIC. THE DATA IS USED TO PUBLISH NEW UNDERSTANDINGS OF THE SUBSURFACE AND GEOLOGIC HISTORY OF THE EARTH. WE ENGAGE THE PUBLIC IN CURATING AND VIEWING OUR COLLECTIONS THROUGH EVENTS (MAP MONDAYS AND DATA & DRINKS). LIBRARY STAFF ACTIVELY CURATE NEW DONATIONS AND WORK TO ORGANIZE THE DATA FOR PUBLIC USE. WE ALSO RECEIVED OVER TEN RESEARCH REQUESTS FOR DATA ONLY AVAILABLE IN OUR LIBRARY. VOLUNTEERS CONTRIBUTE TO SCIENTIFIC KNOWLEDGE THROUGH ANALYSIS AND ORGANIZATION OF DATA.
IN 2021, THE LIBRARY OPENED ITS DOORS TO SERVE AS A COWORKING SPACE AND IDEA INCUBATOR FOR NEW PROJECTS, INCLUDING GEOTHERMAL AND DATA ANALYTICS. MUCH OF THE COMMUNITY SPACE WAS UNDER CONSTRUCTION THROUGHOUT 2021 AND 2022. THE CONSTRUCTION CREATED A LARGE CLASSROOM AND ASSEMBLING ROOM. THE LIBRARY'S NEW FOOTPRINT ALLOWS US TO OFFER WORKING SPACE AND RENTALS FOR CLASSES AND SEMINARS TO OTHER ORGANIZATIONS AT A DISCOUNTED RATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Smith President | OfficerTrustee | 1.5 | $0 |
Sam Beck Vice President | OfficerTrustee | 1 | $0 |
Joe Dumesnil Treasurer | OfficerTrustee | 1.5 | $0 |
Mindy Stone Secretary | OfficerTrustee | 1 | $0 |
Ben Burke Director | Trustee | 1 | $0 |
Dawn Lima Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $128,304 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,855 |
| Total Program Service Revenue | $3,950 |
| Investment income | $496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,629 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,795 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,135 |
| 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. | $66,960 |
| Compensation of current officers, directors, key employees. | $11,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,602 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $129 |
| Fees for services: Other | $12,680 |
| Advertising and promotion | $0 |
| Office expenses | $17,887 |
| Information technology | $3,587 |
| Royalties | $0 |
| Occupancy | $119,306 |
| Travel | $2,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,505 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,287 |
| Insurance | $3,267 |
| All other expenses | $0 |
| Total functional expenses | $304,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,233 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $555,861 |
| Investments—publicly traded securities | $461,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,170,094 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,170,094 |
| 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 | $1,170,094 |