Denverworks
- Assets
- $1.7m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 120
- Location
- Denver, CO
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 84-1349649
Organization Overview
Denverworks is located in Denver, CO. The organization was established in 1996. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2023, Denverworks employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denverworks 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, Denverworks generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 44.4% each year . All expenses for the organization totaled $6.3m during the year ending 12/2023. While expenses have increased by 45.3% per year over the past 9 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
TO EMPOWER THE UNEMPLOYED AND THOSE WITH BARRIERS TO EMPLOYMENT TO BECOME SELF-SUPPORTING THROUGH JOB PREPARATION AND PLACEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUIPING THE UNEMPLOYED AND LOW-INCOME POPULATION TO BECOME SELF-SUPPORTING AND FULFILL THEIR GOD-GIVEN DESIGN BY PROVIDING JOB PREPARATION, PLACEMENT SERVICES AND LIFE SKILLS TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Andrews Executive Director | Officer | 40 | $159,583 |
Demond Harper Director | OfficerTrustee | 0 | $0 |
Helen Vignery Director | OfficerTrustee | 0 | $0 |
Michael Wade Director | OfficerTrustee | 0 | $0 |
Sean Soon President Pro Tem | OfficerTrustee | 0 | $0 |
Shane Hickman Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $626,308 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,010,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,636,488 |
| Total Program Service Revenue | $1,436,816 |
| Investment income | $6,257 |
| 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 | $4,945,283 |
| 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. | $159,583 |
| Compensation of current officers, directors, key employees. | $20,746 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,108,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $229,277 |
| Payroll taxes | $333,609 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,354 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $322,687 |
| Advertising and promotion | $134,804 |
| Office expenses | $417,280 |
| Information technology | $90,412 |
| Royalties | $0 |
| Occupancy | $419,108 |
| Travel | $50,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,486 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,527 |
| Insurance | $57,548 |
| All other expenses | $1,812,201 |
| Total functional expenses | $6,259,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,020 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $367,419 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $417,523 |
| Prepaid expenses and deferred charges | $21,009 |
| Net Land, buildings, and equipment | $789,013 |
| Investments—publicly traded securities | $49,662 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,894 |
| Total assets | $1,705,540 |
| Accounts payable and accrued expenses | $174,768 |
| 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 | $983,165 |
| Other liabilities | $0 |
| Total liabilities | $1,157,933 |
| Net assets without donor restrictions | $392,945 |
| Net assets with donor restrictions | $154,662 |
| 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 | $1,705,540 |