The Denver Children's Foundation
Nonprofit profile at a glance
- EIN
- 742535078
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Denver, CO, USA
- Phone
- 3038328390
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Children's, Youth Services
Reported finances
- Revenue
- $1,757,578
- Expenses
- $1,594,415
- Assets
- $1,697,609
- Liabilities
- $1,306,125
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- ADAM COHEN (EXECUTIVE DIRECTOR)
- BEAU JENKINS (PAST PRESIDENT AS OF 10/24)
- CODY PHIFER (PRESIDENT-ELECT AS OF 10/24)
- NICK PIRNACK (PRESIDENT AS OF 10/24)
Highest reported compensation
- ADAM COHEN (EXECUTIVE DIRECTOR): $131,955 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The denver children's foundation (fka denver active 20/30 children's foundation) engages young professionals in their 20's and 30's on a philanthropic mission of raising money for various children's charities in our community. Through these fundraising efforts, we are able to make a significant impact by funding many charities, but also instill philanthropic values in our members.
What it reported doing in 2024
The denver children's foundation (fka denver active 20/30 children's foundation) engages its members to be more active in the community. We have very high expectations of our members with a focus on fundraising. We raise money through special events we host throughout the year and have an extensive vetting process to determine which charities will be supported with the funds raised. While the primary goal of the foundation is to raise money to support deserving charities, an extremely important secondary goal is to instill philanthropic values in our membership to be carried throughout their lives and professional careers. During 2024, the foundation put on 9 events and with the money raised was able to distribute $1,315,500 to various organizations supporting the foundation's mission.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 93% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 94
- Accountability: 84
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.4%; rating input score 81
- Program expense ratio: 88.7%; rating input score 89
- Fundraising efficiency: $19.98 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.7%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- 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: 9.3%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 1.06; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.77; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 8.3%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 14.9% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 81.4% of revenue deployed · 88.7% of spending went to programs
- Governance: 9 of 9 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $132K · 16 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 63 filed money-flow records
- Related organizations: 63 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 58/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.