Old South Pearl Street Merchants Association

Nonprofit profile at a glance

EIN
204200931
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Denver, CO, USA
Phone
3038719401
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Women's Service Clubs

Reported finances

Revenue
$691,256
Expenses
$604,525
Assets
$879,592
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • MARK GILL (PRESIDENT)
  • TOM SCHUMACHER (VICE PRESIDENT)

People named in this filing

  • ADEN HOLT (MEMBER AT LARGE)
  • CHRIS LAWYER (MEMBER AT LARGE)
  • CHARLES KNIGHT (MEMBER AT LARGE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Build and support vital neighborhood and local businesses, encourage community and neighborhood relations thru street fairs, markets, etc artisans revenue is used for street improvements and sponsoring local schools and community

What it reported doing in 2025

Local seasonal events: oktoberfest, winterfest and pridefest, event production includes collateral marketing materials and onsite production of the eventsearch event. Any additional revenue is used for street improvements and sponsoring local schools and community projects

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 81
  • Accountability: 82
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.3%; rating input score 62
  • Program expense ratio: 71.2%; rating input score 71
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 7th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 12.5%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 1.46; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 42.3% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 18% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 24.6% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 62.3% of revenue deployed · 71.2% of spending went to programs
  • Governance: 11 of 11 board members independent · 4 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $431K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 17 of 19 current checks pass · 2 findings to review
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX DepreciationDepletion column sum did not reconcile in the filed values.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.