Denverworks
- Assets
- $2.7m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 46
- Location
- Denver, CO
- Founding
- 08/1996
- Data as of
- 12/2022
- 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 12/2022, Denverworks employed 46 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 12/2022, Denverworks generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 55.6% each year . All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 49.2% 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
2022
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 | $102,153 |
Helen Vignery Director | OfficerTrustee | 0 | $0 |
Kerry Oconnell Director | OfficerTrustee | 0 | $0 |
Demond Harper Director | OfficerTrustee | 0 | $0 |
David Cecil Director | OfficerTrustee | 0 | $0 |
Sean Soon Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $187,202 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,475,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,663,133 |
| Total Program Service Revenue | $1,349,529 |
| Investment income | $18 |
| 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 | $6,201,899 |
| 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. | $102,153 |
| Compensation of current officers, directors, key employees. | $12,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,237,421 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $256,525 |
| Payroll taxes | $219,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,736 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $313,394 |
| Advertising and promotion | $0 |
| Office expenses | $1,154,190 |
| Information technology | $63,081 |
| Royalties | $0 |
| Occupancy | $205,027 |
| Travel | $72,706 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,276 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,728 |
| Insurance | $35,794 |
| All other expenses | $1,440,874 |
| Total functional expenses | $5,343,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,165 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $721,937 |
| 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 | $19,227 |
| Net Land, buildings, and equipment | $1,362,535 |
| Investments—publicly traded securities | $47,182 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $223,617 |
| Total assets | $2,746,663 |
| Accounts payable and accrued expenses | $16,132 |
| 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 | $868,835 |
| Other liabilities | $0 |
| Total liabilities | $884,967 |
| Net assets without donor restrictions | $1,709,514 |
| Net assets with donor restrictions | $152,182 |
| 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 | $2,746,663 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Denverworks has recieved totaling $293,932.
| Awarding Organization | Amount |
|---|---|
Denver Foundation Denver, CO PURPOSE: TRANSFORMING SAFETY GRANT PROGRAM PRIORITIES | $130,000 |
Denver Foundation Denver, CO PURPOSE: TRANSFORMING SAFETY GRANT PROGRAM PRIORITIES | $125,000 |
Colorado Springs Health Foundation Colorado Springs, CO | | $15,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $13,932 |
The National Restaurant Association Educational Foundation Washington, DC PURPOSE: Apprenticeship Program | $10,000 |
Endowment Analysis
| Beg. Balance | $167,543 |
| Earnings | -$10,655 |
| Other Expense | $4,706 |
| Ending Balance | $152,182 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yuma Private Industry Council Incorporated Yuma, AZ | $2,039,938 | $12,291,085 |
Arizona Industries For The Blind Phoenix, AZ | $15,708,519 | $11,232,717 |
Workforce Alliance Of South Central Kansas Inc Wichita, KS | $1,360,874 | $7,220,888 |
Local Workforce Investment Area Iii Inc Lenexa, KS | $530,275 | $5,852,812 |
Denverworks Denver, CO | $2,746,663 | $6,201,899 |
Southern Workforce Board Incorporated Durant, OK | $1,369,194 | $5,313,142 |
Northern Area Local Workforce Development Board Santa Fe, NM | $314,154 | $4,682,823 |
Colorado Womens Employment And Education Incorporated Denver, CO | $5,914,548 | $4,615,932 |
Desta Littleton, CO | $1,571,949 | $3,165,760 |
Worklife Partnership Denver, CO | $2,829,316 | $4,589,879 |
New Workforce Directions Inc Tulsa, OK | $4,728,857 | $5,015,339 |
Mt Carmel Veterans Service Center Colorado Springs, CO | $1,750,141 | $3,064,131 |