Downtown Denver Partnership Inc
- Assets
- -$8.5m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 53
- Location
- Denver, CO
- Founding
- 09/1993
- Data as of
- 06/2023
- EIN
- 84-1222797
Organization Overview
Downtown Denver Partnership Inc is located in Denver, CO. The organization was established in 1993. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Downtown Denver Partnership Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Denver Partnership Inc 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 06/2023, Downtown Denver Partnership Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $4.0m during the year ending 06/2023. While expenses have increased by 10.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
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
THE PARTNERSHIP SUPPORTS THE OPERATIONS OF DOWNTOWN DENVER INC., DENVER CIVIC VENTURES, AND DOWNTOWN DENVER EVENTS, AND WHICH ARE COMBINED IN THE FINANCIAL STATEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kourtny Garrett President & | OfficerTrustee | 37 | $490,567 |
Charlene Laus Evp, Finance | Officer | 37 | $168,463 |
Kate Barton Chief Extern | 40 | $258,549 | |
Robert Pertierra Svp, Econ De | 5 | $210,379 | |
Sharon Alton Svp, Dwntwn | 4 | $188,922 | |
Beth Moyski Svp, Dwtwn E | 17 | $183,440 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Human Design Llc Strategy & Prom | 6/29/23 | $320,000 |
Cultivator Advertising Design Inc Mall Constructi | 6/29/23 | $208,000 |
Robert Half Temp Agency | 6/29/23 | $155,605 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $790,096 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $847,692 |
| Total Program Service Revenue | $2,382,189 |
| Investment income | $90,960 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,176 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,395,017 |
| 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. | $2,523,531 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,793,831 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,135 |
| Payroll taxes | $263,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,133 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,433 |
| Fees for services: Other | $337,865 |
| Advertising and promotion | $4,239 |
| Office expenses | $51,162 |
| Information technology | $211,443 |
| Royalties | $0 |
| Occupancy | $185,581 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $210,773 |
| Insurance | $125,445 |
| All other expenses | -$2,500,877 |
| Total functional expenses | $3,969,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$14,325,595 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $398,405 |
| 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 | $75,209 |
| Net Land, buildings, and equipment | $1,862,522 |
| Investments—publicly traded securities | $3,169,523 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $312,997 |
| Total assets | -$8,506,939 |
| Accounts payable and accrued expenses | $736,354 |
| 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 | $843,936 |
| Total liabilities | $1,580,290 |
| Net assets without donor restrictions | -$10,087,229 |
| 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 | -$8,506,939 |