East Colfax Community Collective
- Assets
- $3.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 14
- Location
- Denver, CO
- Founding
- Data as of
- 12/2023
- EIN
- 86-3258250
Organization Overview
East Colfax Community Collective is located in Denver, CO. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, East Colfax Community Collective employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Colfax Community Collective 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, East Colfax Community Collective generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 55.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 18.4% per year over the past 2 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
THE ORGANIZATION'S MISSION IS TO FIGHT DISPLACEMENT AND BUILD COLLECTIVE POWER IN OUR COMMUNITY TO SHAPE OUT OWN DESTINY. EAST COLFAX COMMUNITY COLLECTIVE (EC3) IS A COMMUNITY-DRIVEN, MULTI-CULTURAL SOCIO-ECONOMIC DIVERSE ADVOCACY ORGANIZATION COMPRISED OF RESIDENTS, LOCAL BUSINESSES, NONPROFITS, AND ALLIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING ASSISTANCE--THE HAC HAS NOW SERVED MORE THAN 1,700 UNDUPLICATED HOUSEHOLDS IN ECN AND NORTH WEST AURORA (NWA), DISTRIBUTED MORE THAN $4,083,606 IN HOUSING ASSISTANCE, AND INTERVENED TO STOP MORE THAN 448 EVICTIONS SINCE 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brendan Greene Executive Director | Officer | 45 | $91,544 |
Nebiyu Asfaw Vice President | OfficerTrustee | 1 | $0 |
Laura Rossbert Treasurer | OfficerTrustee | 1 | $0 |
Amber Simon Director | Trustee | 1 | $0 |
Jesus Gonzalez Director | Trustee | 1 | $0 |
Htwe Htwe Aung Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,267,002 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,360,360 |
| Total Program Service Revenue | $490,668 |
| Investment income | $0 |
| 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 | $2,851,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,000 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,544 |
| Compensation of current officers, directors, key employees. | $18,309 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $599,298 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,988 |
| Payroll taxes | $59,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,380 |
| Fees for services: Accounting | $35,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $141,497 |
| Advertising and promotion | $4,329 |
| Office expenses | $5,426 |
| Information technology | $5,555 |
| Royalties | $0 |
| Occupancy | $37,365 |
| Travel | $1,599 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,840 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,570 |
| All other expenses | $21,569 |
| Total functional expenses | $1,127,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,158,568 |
| Savings and temporary cash investments | $5 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $490,310 |
| 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 | $1,795 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,450,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,100,678 |
| Accounts payable and accrued expenses | $258,542 |
| Grants payable | $0 |
| Deferred revenue | $227,936 |
| 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 | $14,166 |
| Total liabilities | $500,644 |
| Net assets without donor restrictions | $445,197 |
| 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 | $3,100,678 |
Grants Awarded
Over the last fiscal year, East Colfax Community Collective has awarded $16,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MARKETO MARKET | | | $4,000 |
SINCERELY TATTOO | | | $4,000 |
NATOLII CAFE | | | $4,000 |
FIRST IMPRESSIONS HAIR BRAIDING AND SUPPLIES | | | $4,000 |