Denver Metro Convention & Visitors Bureau Foundation

Organization Overview

Denver Metro Convention & Visitors Bureau Foundation, operating under the name Visit Denver Foundation, is located in Denver, CO. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Denver Foundation 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 12/2023, Visit Denver Foundation generated $164.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $122.7k during the year ending 12/2023. While expenses have increased by 2.0% 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.

Since 2016, Visit Denver Foundation has awarded 27 individual grants totaling $653,663. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE EDUCATION, PROFESSIONAL DEVELOPMENT, AND TRAINING FOR THE TOURISM INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES SCHOLARSHIPS AND EDUCATIONAL SUPPORT FOR STUDENTS ATTENDING DENVER AREA COLLEGES AND UNIVERSITIES PURSUING UNDERGRADUATE DEGREES IN TOURISM AND HOSPITALITY.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Scharf
President &
$0
Nicole Marsh
Chair
$0
Larry Dipasquale
Vice Chair
$0
Jackson Lamb
Secretary/tr
$0
Tom Healy
Director
$0
Ilene Kamsler
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$148,170
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$148,170
Total Program Service Revenue$0
Investment income $15,972
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 $164,142

Grants Awarded

Over the last fiscal year, Denver Metro Convention & Visitors Bureau Foundation has awarded $118,758 in support to 5 organizations.

Grant RecipientAmount

UNIVERSITY OF DENVER

PURPOSE: SCHOLARSHIPS

$35,000

METRO STATE UNIVERSITY OF DENVER

PURPOSE: SCHOLARSHIPS

$33,758

COLORADO MESA UNIVERSITY

PURPOSE: SCHOLARSHIPS

$31,000

COLORADO STATE UNIVERSITY

PURPOSE: SCHOLARSHIPS

$9,000

EMILY GRIFFITH FOUNDATION

PURPOSE: SCHOLARSHIPS

$10,000
View Grant Profile

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