Denver South Economic Development Partnership
- Assets
- $2.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Englewood, CO
- Founding
- 07/1984
- Data as of
- 12/2021
- EIN
- 84-0935635
Organization Overview
Denver South Economic Development Partnership is located in Englewood, CO. The organization was established in 1984. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Denver South Economic Development Partnership employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver South Economic Development Partnership is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Denver South Economic Development Partnership generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. 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
CONVENE PUBLIC AND PRIVATE STAKEHOLDERS TO DRIVE THE VISION OF OUR SHARED COMMUNITY. WE IMPROVE ECONOMIC PROSPERITY AND THE CREATION OF PRIMARY JOBS IN THE REGION THROUGH BUSINESS RETENTION, ATTRACTION AND EXPANSION EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATE WITH LOCAL, STATE AND FEDERAL GOVERNMENT AGENCIES AND OTHER DEVELOPMENT PARTNERS TO MAKE A ROBUST SUITE OF SERVICES AVAIALABLE TO LOCAL BUSINESSES. THESE SERVICES INCLUDE NAVIGATING POLICY ISSUES, BUSINESS CLIMATE ANALYSIS, PERMITTING AND LICENSING, WORK FOR DEVELOPMENT AND RECRUITMENT, SITE SELECTION EVALUATION, PROFESSIONAL SUPPORT REFERRALS, ROAD MAP AND TRANSPORTATION ANALYSIS/ASSISTANCE AND INDUSTRY SECTOR TRENDS.
ACTIVITIES NECESSARY TO ADVOCATE FOR ISSUES AFFECTING BUSINESSES IN THE SOUTH I-25 DENVER CORRIDOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Brook President & CEO | OfficerTrustee | 40 | $310,800 |
Karen Shapard VP Of Eco Dev | 40 | $157,600 | |
Daniel Hutton Dir Of Trans & Mob | 40 | $117,100 | |
Sheryl Machado Dir. Of Comm & Pub | 40 | $104,600 | |
Stephanie Piko Director | Trustee | 1 | $0 |
Nancy N Sharpe Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Defy Them All Marketing Svc | 12/30/18 | $160,312 |
Cityfi Llc Transp. Consulting | 12/30/18 | $115,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,583,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,588,799 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$248 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,591,581 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| 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. | $339,391 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $565,717 |
| Pension plan accruals and contributions | $43,370 |
| Other employee benefits | $106,339 |
| Payroll taxes | $91,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,971 |
| Fees for services: Accounting | $55,997 |
| Fees for services: Lobbying | $4,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $141,218 |
| Advertising and promotion | $238,720 |
| Office expenses | $89,708 |
| Information technology | $46,730 |
| Royalties | $0 |
| Occupancy | $163,653 |
| Travel | $11,932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,544 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,760 |
| Insurance | $8,511 |
| All other expenses | $0 |
| Total functional expenses | $2,134,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,033,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,531 |
| 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 | $32,108 |
| Net Land, buildings, and equipment | $101,841 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,450 |
| Total assets | $2,218,656 |
| Accounts payable and accrued expenses | $154,192 |
| 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 | $40,618 |
| Total liabilities | $194,810 |
| Net assets without donor restrictions | $0 |
| 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 | $2,023,846 |
| Total liabilities and net assets/fund balances | $2,218,656 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Denver South Economic Development Partnership has recieved totaling $160,000.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: IMPROVE ACCESS TO HEALTH CARE | $160,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Park City Area Chamber Of Commerce Convention & Visitors Buerau Park City, UT | $9,039,229 | $12,386,201 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |
Arizona Association Of Realtors Phoenix, AZ | $41,549,602 | $11,298,614 |
Commercial Real Estate Women Network Lawrence, KS | $20,981,999 | $6,251,461 |
Colorado Lending Source Ltd Denver, CO | $12,386,604 | $5,983,291 |
Salt Lake Area Chamber Of Commerce Salt Lake City, UT | $6,300,814 | $5,364,414 |
Colorado Springs Convention Visitors Bureau Colorado Springs, CO | $5,599,246 | $5,101,017 |
Arizona Chamber Of Commerce Scottsdale, AZ | $2,431,863 | $4,265,420 |
Visit Mesa Mesa, AZ | $4,162,737 | $5,173,998 |