Nonprofit · EIN 84-6048381
DENVER FOUNDATION
Also known as JAVIER ALBERTO SOTO
Tax-exempt · DENVER, CO 80203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $208,259,786 | $161,755,855 | $46,503,931 | $1,322,643,652 | $129,775,557 | $1,192,868,095 |
| December 31, 2023 | 990 | $108,742,732 | $157,373,207 | -$48,630,475 | $1,218,743,437 | $124,175,987 | $1,094,567,450 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $142,888,365
- of which government grants
- $3,449,529
- Program service revenue
- $981,890
- Investment income
- $64,032,761
- Royalties
- $17,600
- Net gain from sales of assets
- $36,526,961
- Other revenue
- $356,770
Expenses
- Grants and similar amounts paid
- $143,235,358
- Compensation of officers, directors and key employees
- $1,215,148
- Other salaries and wages
- $4,474,884
- Salaries, compensation and benefits (total)
- $6,901,299
- Professional fundraising fees
- $0
- Legal fees
- $268,164
- Accounting fees
- $111,977
- Occupancy
- $335,167
- Travel
- $203,131
- Depreciation
- $228,282
- Program services (functional)
- $148,544,566
- Management and general (functional)
- $10,598,770
- Fundraising (functional)
- $2,612,519
Balance sheet and other
- Total assets, start of year
- $1,218,743,437
- Total assets, end of year
- $1,322,643,652
- Total liabilities, end of year
- $129,775,557
- Net assets, end of year
- $1,192,868,095
- Land, buildings and equipment
- $8,724,065
- Publicly traded securities
- $552,247,730
- Net assets without donor restrictions
- $1,181,952,842
- Net assets with donor restrictions
- $10,915,253
- Gross unrelated business income
- $2,073,725
- Gross receipts
- $464,172,530
- Employees
- 68
- Volunteers
- 100
- Year formed
- 1925
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAVIER A SOTO | PRESIDENT Officer | 45 | $490,058 | $0 | $44,438 |
| DACE WEST-SCHLUE | CHIEF IMPACT OFFICER Key employee | 45 | $245,930 | $0 | $35,824 |
| MARGARET DANUSER | CHIEF FINANCIAL OFFICER Officer | 45 | $229,586 | $0 | $22,098 |
| ALISHA BROWN | TRUSTEE Trustee or director | 1 | $0 | $179,500 | $17,683 |
| LADAWN SULLIVAN | EXEC. DIR. OF BLACK RESILIENCE OF CO Highest-paid employee | 45 | $153,259 | $0 | $28,165 |
| BRIAN VAN VLEET | SEN. DIR., INFORMATION TECHNOLOGY Highest-paid employee | 45 | $131,923 | $0 | $39,768 |
| BENJAMIN PERRY | SEN. DIR., PHILANTHROPIC INVESTMENT Highest-paid employee | 45 | $130,675 | $0 | $40,118 |
| SHARON HARPER | SENIOR DIRECTOR OF SCHOLARSHIPS Highest-paid employee | 45 | $139,577 | $0 | $22,030 |
| ABIGAIL KESNER | VP OF COMMUNICATION Highest-paid employee | 45 | $151,421 | $0 | $8,017 |
| COURTNEY CLAPP | INTERIM CFO (THRU 2/5/24), TREASURY MANAGER Officer | 20 | $125,085 | $0 | $22,129 |
| LISA ZUNIGA RAMIREZ | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| PETER J KIRSCH | VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MIRA J FINE | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SEAN C KENNEY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JOHN LOEWY | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE ADAMS | TRUSTEE Trustee or director | 1 | $0 |
| DAMON O BARRY | TRUSTEE Trustee or director | 1 | $0 |
| MARGARET DEANE FRANKO | TRUSTEE Trustee or director | 1 | $0 |
| JOSEPH GARCIA | TRUSTEE Trustee or director | 1 | $0 |
| KELLY JEAN BROUGH | TRUSTEE Trustee or director | 1 | $0 |
| JENNIFER M KILPELA | TRUSTEE Trustee or director | 1 | $0 |
| ERIKA REYES MARTINEZ | TRUSTEE Trustee or director | 1 | $0 |
| MARK NEWHOUSE | TRUSTEE Trustee or director | 1 | $0 |
| LEE E REICHERT | TRUSTEE Trustee or director | 1 | $0 |
| JULIE REISKIN | TRUSTEE Trustee or director | 1 | $0 |
| KAREN M ROBINSON | TRUSTEE Trustee or director | 1 | $0 |
| SIMONE D ROSS | TRUSTEE Trustee or director | 1 | $0 |
| BRENNA SIMMONS-ST ONGE | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAVIER A SOTO | PRESIDENT Officer | 45 | $447,372 | $0 | $45,177 |
| DACE WEST-SCHLUE | CHIEF IMPACT OFFICER Key employee | 45 | $212,445 | $0 | $37,176 |
| COURTNEY CLAPP | INTERIM CFO Officer | 45 | $173,738 | $0 | $35,370 |
| LADAWN SULLIVAN EXEC DIR | OF BLACK RESILIENCE IN CO Highest-paid employee | 45 | $142,750 | $0 | $29,769 |
| BENJAMIN PERRY | SENIOR DIRECTOR OF PHILANTHROPIC INV Highest-paid employee | 45 | $134,546 | $0 | $27,177 |
| ALISHA BROWN | TRUSTEE Trustee or director | 1 | $0 | $145,000 | $16,024 |
| SHARON HARPER | SENIOR DIRECTOR OF SPECIAL FUNDS Highest-paid employee | 45 | $134,204 | $0 | $22,507 |
| JASON STODDART | VP OF TALENT & CULTURE Highest-paid employee | 45 | $142,389 | $0 | $14,039 |
| ABIGAIL KESNER | VP OF COMMUNICATION Highest-paid employee | 45 | $144,900 | $0 | $7,780 |
| DANIEL LEE | CFO (THROUGH 05/12/2023) Officer | 45 | $108,046 | $0 | $21,277 |
| JOHN LOEWY | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| PETER KIRSCH | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LISA ZUNIGA RAMIREZ | TREASURER & CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SEAN KENNEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHELLE ADAMS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAMON O BARRY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| VERONICA CRESPIN-PALMER | TRUSTEE (THROUGH 2/1/2023) Trustee or director | 1 | $0 | $0 | $0 |
| CAREY DOBBERTIN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MIRA FINE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOE GARCIA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ISMAEL GUERRERO | TRUSTEE (THROUGH 5/5/2023) Trustee or director | 1 | $0 | $0 | $0 |
| ERIKA R MARTINEZ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DR DWINITA MOSBY TYLER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARK NEWHOUSE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINA RAYA | TRUSTEE (THROUGH 5/5/2023) Trustee or director | 1 | $0 | $0 | $0 |
| LEE REICHERT | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| RANDY ROBERTS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JULIE REISKIN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KAREN ROBINSON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BRENNA SIMMONS-ST ONGE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1009 N GRANT ST, DENVER, CO 80203-2908
- In care of
- % JAVIER ALBERTO SOTO
- Principal officer (990 for 2024)
- JAVIER A SOTO, 1009 GRANT STREET, DENVER, CO 80203
- Signed the 990
- JAVIER A SOTO, PRESIDENT & CEO
- Phone
- (303) 300-1790
- Website
- WWW.DENVERFOUNDATION.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO INSPIRE PEOPLE AND MOBILIZE RESOURCES TO STRENGTHEN OUR COMMUNITY.
Program accomplishments
- DONOR-ADVISED FUND GRANTS: THE DENVER FOUNDATION GAVE 3,635 GRANTS FROM DONOR-ADVISED FUNDS IN 2024. DONOR-INFLUENCED GRANTS REPRESENT APPROXIMATELY 82% OF THE GRANTS MADE BY THE DENVER FOUNDATION. THESE GRANTS SUPPORTED CHARITABLE ENDEAVORS IN NEARLY EVERY TYPE AND SIZE OF NONPROFIT ORGANIZATION. THE MAJORITY OF THESE ORGANIZATIONS ARE LOCATED IN THE SEVEN-COUNTY METRO DENVER AREA; HOWEVER, THESE FUNDS CAN MAKE GRANTS TO ANY U.S.-BASED CHARITY, OR FOREIGN EQUIVALENT.Expenses $98,657,641 · grants $98,524,137
- COMMUNITY GRANTS PROGRAM: THE DENVER FOUNDATION'S DONOR-BUILT PERMANENT ENDOWMENT FUELS THE COMMUNITY GRANTS PROGRAM, WHICH SUPPORTS CONSTITUENT-LED ORGANIZATIONS THAT WORK TO REDUCE DISPARITIES IN THEIR COMMUNITIES. THE COMMUNITY GRANTS PROGRAM HELPS NONPROFIT ORGANIZATIONS CREATE POSITIVE CHANGE. THROUGH THIS GRANTMAKING, THE FOUNDATION SUPPORTS NONPROFITS THAT SERVE THE SEVEN-COUNTY METRO DENVER AREA; ADVANCING THE FOUNDATION'S CORE VALUES; AND ALIGNING WITH THE FOUNDATION'S PRIORITY FUNDING AREAS OF CLIMATE AND ENVIRONMENT, ECONOMIC OPPORTUNITY, YOUTH WELL-BEING, AND HOUSING. TO BE ELIGIBLE FOR FUNDING, ORGANIZATIONS MUST HAVE A 501(C)3 TAX EXEMPT STATUS, SERVE RESIDENTS IN ADAMS, ARAPAHOE, BOULDER, BROOMFIELD, DENVER, DOUGLAS, OR JEFFERSON COUNTIES, AND FULFILL THE GOALS OUTLINED IN THE PUBLISHED GRANT.Expenses $11,411,453 · grants $11,297,282
- THE DENVER FOUNDATION OPERATES 84 DIFFERENT SCHOLARSHIP PROGRAMS. IN 2024 THESE PROGRAMS SUPPORTED 1,131 STUDENTS IN 119 SCHOOLS.Expenses $12,480,562 · grants $12,390,995
- ADMINISTRATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE USE: THE DENVER FOUNDATION ADMINISTERS ENDOWMENTS FOR NUMEROUS NONPROFIT ORGANIZATIONS.Expenses $25,994,910 · grants $21,022,944 · revenue $991,556
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-6048381
- 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
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $1,322,643,652
- Income (IRS master file)
- $464,172,530
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $208,259,786 | $161,755,855 | $1,322,643,652 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $108,742,732 | $157,373,207 | $1,218,743,437 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $137,620,038 | $132,117,361 | $1,150,464,668 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 84-6048381).
Questions about DENVER FOUNDATION
- What is the EIN of DENVER FOUNDATION?
- The employer identification number (EIN) of DENVER FOUNDATION is 84-6048381.
- Is DENVER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1943.
- Are donations to DENVER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DENVER 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 FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DENVER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DENVER FOUNDATION?
- The 990 for the year ended December 31, 2024 names JAVIER A SOTO.
- Who are the officers and directors of DENVER FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 28 people; 9 received compensation from the organization, the highest $490,058 (JAVIER A SOTO, PRESIDENT).
- How much revenue does DENVER FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $208,259,786, expenses of $161,755,855 and total assets of $1,322,643,652 at year end.
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All nonprofits in DENVER · Colorado · Philanthropy, voluntarism and grantmaking foundations