Wheat Ridge 2020 Inc

Nonprofit profile at a glance

EIN
562550132
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Wheat Ridge, CO, USA
Phone
7202591030
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$1,091,443
Expenses
$936,403
Assets
$2,657,776
Liabilities
$43,705

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

Leadership & pay

16 people listed

Executive titles in this filing

  • PAIGE PIPER (EXECUTIVE DIRECTOR)
  • DAVID KUETER (PRESIDENT)
  • TERRY WOMBLE (VICE PRESIDENT)

Highest reported compensation

  • PAIGE PIPER (EXECUTIVE DIRECTOR): $105,676 total reported compensation
  • TYLER KERR (MAKERSPACE DIRECTOR): $104,603 total reported compensation

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

Overview

Mission

Wheat ridge 2020, inc. Dba localworks advances wheat ridge, Colorado, as a vibrant and sustainable community. Localworks focuses on providing programs and resources that enhance economic development, neighborhood revitalization, civic engagement and arts and culture.

What it reported doing in 2025

Community engagement, promotion of volunteerism and cleaner communitiesdescription: localworks provides block party grants, a block party library housed with equipment for wheat ridge residents to check out for free, tlc clean up days, neighborhood dumpster grants and 10 live local events promote community, engagement, volunteerism, while promoting cleaner and safer communities. There were 15 neighborhood dumpster grants that neighbors gathered and filled dumpsters with debris and junk, coming together and beautifying their neighborhood. There were four tlc dumpster days in partnership with the city of wheat ridge police department, 15 block party grants up to $150 each to promote neighbors to gather together to better retain residents in the city of wheat ridge. Localworks also hosted 10 live local events, getting residents inside of local businesses to shop and live local.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 60
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63%; rating input score 63
  • Program expense ratio: 72.2%; rating input score 72
  • Fundraising efficiency: $37.47 raised per $1 spent on fundraising; rating input score 70; 70th 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: 100%; rating input score 100; 78th 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; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.2%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 2.84; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 22.5%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 5.9% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 0.8% per year; rating input score 100; 14th percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 22nd percentile among comparable filings

Details

  • Where the money goes: 63% of revenue deployed · 72.2% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $676K in reported program spending
  • Leadership: top reported pay $106K · 16 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.