Nonprofit · EIN 20-5143175
DENVER SCHOLARSHIP FOUNDATION
Tax-exempt · DENVER, CO 80203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $29,852,401 | $19,466,632 | $10,385,769 | $45,233,307 | $1,798,082 | $43,435,225 |
| June 30, 2024 | 990 | $16,520,489 | $17,295,393 | -$774,904 | $39,897,161 | $2,428,689 | $37,468,472 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $22,120,544
- of which government grants
- $3,920,230
- Program service revenue
- $0
- Investment income
- $7,645,272
- Net gain from sales of assets
- $6,806,608
- Other revenue
- $86,585
Expenses
- Grants and similar amounts paid
- $8,624,992
- Compensation of officers, directors and key employees
- $813,548
- Other salaries and wages
- $6,314,117
- Salaries, compensation and benefits (total)
- $8,581,782
- Professional fundraising fees
- $0
- Legal fees
- $9,232
- Occupancy
- $323,365
- Travel
- $74,386
- Depreciation
- $14,807
- Program services (functional)
- $15,676,173
- Management and general (functional)
- $2,615,153
- Fundraising (functional)
- $1,175,306
Balance sheet and other
- Total assets, start of year
- $39,897,161
- Total assets, end of year
- $45,233,307
- Total liabilities, end of year
- $1,798,082
- Net assets, end of year
- $43,435,225
- Land, buildings and equipment
- $41,015
- Publicly traded securities
- $33,170,019
- Net assets without donor restrictions
- $5,637,254
- Net assets with donor restrictions
- $37,797,971
- Gross receipts
- $30,235,423
- Employees
- 98
- Volunteers
- 96
- Year formed
- 2006
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LORII RABINOWITZ | CEO Officer | 40 | $240,307 | $21,235 |
| PATTI SCHWARTZBERG | CFAO Officer | 40 | $203,085 | $17,464 |
| NATE CADENA | CHIEF IMPACT Officer | 40 | $188,593 | $21,949 |
| JAKE WENGER | SR.DR. IT Highest-paid employee | 40 | $137,395 | $15,945 |
| PATRICIA WHITEHOUSE | SR.DR.PEOPLE Highest-paid employee | 40 | $129,623 | $16,418 |
| RENAE BELLEW | SR. DR. PROG Highest-paid employee | 40 | $111,479 | $21,136 |
| OLIVIA OMEGA | SR. DR. MKTG Highest-paid employee | 40 | $116,701 | $8,638 |
| MATHEW LICHINI | DR. FINANCE Highest-paid employee | 40 | $108,740 | $14,326 |
| LUELLA CHAVEZ DANGELO | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| KATIE L MACWILLIAMS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JOHN A ELOFSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| STEVE E ABELMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA G ARIAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM F BRADY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BREWSTER | ASSOCIATE CH Trustee or director | 1 | $0 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL BROWN | DIRECTOR Trustee or director | 1 | $0 |
| DENISE BURGESS | DIRECTOR Trustee or director | 1 | $0 |
| STACY CARPENTER | DIRECTOR Trustee or director | 1 | $0 |
| JASON CLARK | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER CMIL | DIRECTOR Trustee or director | 1 | $0 |
| JONATHAN COLEMAN | DIRECTOR Trustee or director | 1 | $0 |
| LUIS A COLN | DIRECTOR Trustee or director | 1 | $0 |
| JAMES COUSIN | DIRECTOR TO Trustee or director | 1 | $0 |
| DON DABOUB | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT BOB F DEIBEL | DIRECTOR Trustee or director | 1 | $0 |
| BARRY DORFMAN | DIRECTOR Trustee or director | 1 | $0 |
| CATHEY MCLAIN FINLON | DIRECTOR Trustee or director | 1 | $0 |
| LYNN GANGONE | DIRECTOR Trustee or director | 1 | $0 |
| ALBERTO GARCIA | DIRECTOR Trustee or director | 1 | $0 |
| JOHN J HANLEY | DIRECTOR TO Trustee or director | 1 | $0 |
| MARISA HUDSON-ARNEY | DIRECTOR Trustee or director | 1 | $0 |
| JOHN A IKARD | DIRECTOR Trustee or director | 1 | $0 |
| AFSOON KELLY | DIRECTOR Trustee or director | 1 | $0 |
| STEVE KROM | DIRECTOR Trustee or director | 1 | $0 |
| TIPHANI KRUEGAR | DIRECTOR Trustee or director | 1 | $0 |
| ANDY MILLER | DIRECTOR Trustee or director | 1 | $0 |
| R SCOTT NYCUM JR | DIRECTOR Trustee or director | 1 | $0 |
| BETSY RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 |
| BILL RYAN | DIRECTOR Trustee or director | 1 | $0 |
| RYAN TOBIN | DIRECTOR TO Trustee or director | 1 | $0 |
| ANNE TRUJILLO | DIRECTOR Trustee or director | 1 | $0 |
| DANNY WETMORE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 43 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LORII RABINOWITZ | CEO Officer | 40 | $232,603 | $19,665 |
| PATTI SCHWARTZBERG | CFO Officer | 40 | $179,150 | $11,160 |
| NATE CADENA | COO Officer | 40 | $161,207 | $18,410 |
| ERIN HENNINGER | CDO Highest-paid employee | 40 | $134,254 | $16,491 |
| JAKE WENGER | DIRECTOR OF Highest-paid employee | 40 | $128,632 | $13,934 |
| PATRICIA WHITEHOUSE | DIRECTOR OF Highest-paid employee | 40 | $125,345 | $13,543 |
| OLIVIA WALLACE | SR DIR MKTG Highest-paid employee | 40 | $107,327 | $13,144 |
| JAMES TUCKER | DIR FINANCE Highest-paid employee | 40 | $103,135 | $10,651 |
| LUELLA CHAVEZ D'ANGELO | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| KATHERINE L MACWILLIAMS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN A ELOFSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ANDY BOIAN | DIRECTOR THR Trustee or director | 1 | $0 | $0 |
| ANDY MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE TRUJILLO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETSY RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BARRY DORFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHEY M FINLON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANNY WETMORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENISE BURGESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DON DABOUB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HUYEN THE LE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES COUSIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON CLARK | DIRECTOR THR Trustee or director | 1 | $0 | $0 |
| JENNIFER CMIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER SOBANET | DIRECTOR THR Trustee or director | 1 | $0 | $0 |
| JOHN J HANLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN A IKARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN COLEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURIE BARELA | DIRECTOR THR Trustee or director | 1 | $0 | $0 |
| LISA NEAL-GRAVES | DIRECTOR THR Trustee or director | 1 | $0 | $0 |
| ROBERT F DEIBEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUIS A COLON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA G ARIAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARISA HUDSON-ARNEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN TOBIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANDI LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| R SCOTT NYCUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANNON CONNERY | DIRECTOR THR Trustee or director | 1 | $0 | $0 |
| STACY CARPENTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE KROM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN E ABELMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS F BRADY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 789 N SHERMAN ST STE 610, DENVER, CO 80203-3587
- In care of
- % TIMOTHY MARQUEZ
- Principal officer (990 for 2024)
- LORII RABINOWITZ, 789 SHERMAN STREET SUITE 610, DENVER, CO 80203
- Signed the 990
- LORII RABINOWITZ, CEO
- Phone
- (303) 951-4140
- Website
- WWW.DENVERSCHOLARSHIP.ORG
- Return prepared by
- KUNDINGER CORDER & MONTOYA PC
Mission
DENVER SCHOLARSHIP FOUNDATION (DSF) INSPIRES AND EMPOWERS DENVER PUBLIC SCHOOLS (DPS) STUDENTS TO ENROLL IN AND GRADUATE FROM POSTSECONDARY INSTITUTIONS OF HIGHER EDUCATION BY PROVIDING THE TOOLS, KNOWLEDGE, AND FINANCIAL RESOURCES FOR SUCCESS.
Program accomplishments
- SCHOLARSHIPS: DENVER SCHOLARSHIP FOUNDATION (DSF) AWARDS UP TO FIVE YEARS OF SCHOLARSHIPS TO DPS GRADUATES WITH SIGNIFICANT FINANCIAL NEED, WHO QUALIFY TO ATTEND ONE OF DSF'S 30 COLLEGE PARTNERS IN COLORADO, INCLUDING UNIVERSITIES, TECHNICAL AND/OR COMMUNITY COLLEGES. IN FY25, DSF AWARDED SCHOLARSHIPS TO 2,504 QUALIFYING STUDENTS WITH 82% OF THE MOST RECENT 6- YEAR COHORT HAVING GRADUATED OR CONTINUING TO PERSIST IN THEIR POSTSECONDARY EDUCATION. THE DEMOGRAPHICS OF DSF SCHOLARS ARE AMONG THE MOST UNDER-REPRESENTED IN COLLEGE; 87% ARE FIRST-GENERATION COLLEGE STUDENTS, ALL WERE RAISED IN LIMITED-INCOME HOUSEHOLDS, AND 93% ARE STUDENTS OF COLOR. (CONTINUED ON SCHEDULE O)Expenses $9,259,849 · grants $8,624,992
- COLLEGE ACCESS: DSF PROVIDES FREE CAREER AND COLLEGE ADVISEMENT SERVICES FOR OVER 14,000 9TH-12TH GRADE STUDENTS AT ITS 15 DSF FUTURE CENTERS, WHICH ARE DSF-STAFFED RESOURCE CENTERS LOCATED IN DPS HIGH SCHOOLS. THE MAJORITY OF STUDENTS SERVED THROUGH DSF FUTURE CENTERS DEMONSTRATE FINANCIAL NEED AND ARE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE; COACHING THESE STUDENTS AND THEIR FAMILIES THROUGH THE COMPLEXITIES OF PLANNING, APPLYING, ENROLLING, AND PAYING FOR COLLEGE ARE THE CORE FUNCTIONS OF THIS MUCH- NEEDED PROGRAM. (CONTINUED ON SCHEDULE O)Expenses $4,079,488
- COLLEGE SUCCESS: DSF, IN COLLABORATION WITH ITS 30 COLLEGE PARTNERS THROUGHOUT COLORADO, PROVIDES CRITICAL WRAPAROUND SERVICES TO ALL DSF SCHOLARS, ENSURING EACH RECEIVES ADDITIONAL CAREER EXPLORATION AND GUIDANCE, FINANCIAL AID, ACADEMIC, AND SOCIAL SUPPORT TO HELP THEM PERSIST AND GRADUATE FROM COLLEGE. DSF HAS AGREEMENTS IN PLACE WITH EACH COLLEGE PARTNER, INCLUDING ADDITIONAL GIFT AID, WHICH ENSURE DSF SCHOLARS RECEIVE ALL SUCCESS SERVICES THROUGH DESIGNATED CAMPUS AND FINANCIAL AID CONTACTS AT EACH INSTITUTION. (CONTINUED ON SCHEDULE O)Expenses $2,336,836 · revenue $86,585
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5143175
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $45,233,307
- Income (IRS master file)
- $30,235,423
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $29,852,401 | $19,466,632 | $45,233,307 | XML |
| 990 | June 2024 | $16,520,489 | $17,295,393 | $39,897,161 | XML |
| 990 | June 2023 | $15,186,838 | $16,172,199 | $37,445,731 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5143175).
Questions about DENVER SCHOLARSHIP FOUNDATION
- What is the EIN of DENVER SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of DENVER SCHOLARSHIP FOUNDATION is 20-5143175.
- Is DENVER SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to DENVER SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DENVER SCHOLARSHIP FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DENVER SCHOLARSHIP FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DENVER SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DENVER SCHOLARSHIP FOUNDATION?
- The 990 for the year ended June 30, 2025 names LORII RABINOWITZ.
- Who are the officers and directors of DENVER SCHOLARSHIP FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 42 people; 8 received compensation from the organization, the highest $240,307 (LORII RABINOWITZ, CEO).
- How much revenue does DENVER SCHOLARSHIP FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $29,852,401, expenses of $19,466,632 and total assets of $45,233,307 at year end.
Other nonprofits in DENVER
- UNIVERSITY OF DENVER EIN 84-0404231 · last filed 990 for 2025
- UNIVERSITY OF COLORADO FOUNDATION EIN 84-6049811 · last filed 990 for 2025
- REGIS UNIVERSITY EIN 84-0402707 · last filed 990 for 2025
- DENVER SCHOOL OF SCIENCE AND TECHNOLOGY INC EIN 84-1602733 · last filed 990 for 2025
- STRIVE PREPARATORY SCHOOLS EIN 20-2562193 · last filed 990 for 2025
- AMERICAN INDIAN COLLEGE FUND EIN 52-1573446 · last filed 990 for 2025
- COLORADO ACADEMY EIN 84-0421874 · last filed 990 for 2025
- KIPP COLORADO SCHOOLS EIN 80-0037534 · last filed 990 for 2025