Overview
What is Denver Debutante Ball Inc?
Denver Debutante Ball Inc is a nonprofit organization situated in Greenwood Village, Colorado. Their primary focus is to organize an annual event, known as the Debutante Ball, where they present esteemed young women to the Denver community. The net proceeds from this event are donated to charities that the organization believes will significantly contribute to the cultural development of Denver. The specific beneficiaries vary each year, as they are chosen based on the organization's beliefs and the community's needs. The Debutante Ball takes place at the Brown Palace Hotel and Spa, adding a touch of elegance to this significant event.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Denver Debutante Ball Inc has achieved an impressive rating of 87%, reflecting strong performance in accountability and finance. The organization boasts a fully independent board, with 100% of its members independent, ensuring that governance decisions are free from internal conflicts. Additionally, the charity has demonstrated excellent financial health, as indicated by its liabilities to assets ratio of 0.00% and a program expense ratio of 86.24%, suggesting that a significant portion of its funding goes directly to its programs.
The organization has established robust policies and practices, including conflict of interest and document retention policies, which are critical for maintaining transparency and trust. The presence of documented board meeting minutes further supports its commitment to accountability. These strengths contribute to a solid reputation within the nonprofit sector.
However, while the charity's financial metrics are commendable, potential donors and stakeholders should still consider the broader context of its impact and effectiveness in achieving its mission. As with any nonprofit, ongoing evaluation of program outcomes and community feedback will be essential for maintaining and improving its positive standing.
This AI summary has been generated from information found on Charity Navigator.
Is Denver Debutante Ball Inc legitimate?
Denver Debutante Ball Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Denver Debutante Ball Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Denver Debutante Ball Inc?
Denver Debutante Ball Inc. conducts an annual event with the primary purpose of presenting reputable young women to the community. The organization donates the net proceeds from this event to charities, choosing those that they believe will have the most significant impact on enhancing cultural life in the community. This year, the funds were allocated to the Denver Botanic Gardens and Yellow Ribbon Suicide Prevention Program. The event, held at the Brown Palace Hotel and Spa, serves as a platform to showcase these young women, thereby contributing to the community in a meaningful way.
Who is the CEO of Denver Debutante Ball Inc?
Karen Secor is the Chair of Denver Debutante Ball Inc.
What is the revenue of Denver Debutante Ball Inc?
Denver Debutante Ball Inc's revenue in 2023 was $151,160.
Who are the executives of Denver Debutante Ball Inc and what are their salaries?
There 61 volunteers at Denver Debutante Ball Inc.
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Where can I find the form 990 for Denver Debutante Ball Inc?
Denver Debutante Ball Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Denver Debutante Ball Inc
Denver Debutante Ball Inc, a renowned organization, carries out an annual event with the primary purpose of showcasing distinguished young women to the community. The highlight of this event is the Debutante Ball held at the Brown Palace Hotel and Spa. After the event, the organization generously donates the net proceeds to charities deemed most beneficial in enriching cultural life within the Denver community. In the past, Denver Debutante Ball Inc has contributed to organizations such as the Denver Botanic Gardens and Yellow Ribbon Suicide Prevention. The organization's mission is to bring together the community and celebrate young women while making a significant positive impact on cultural life in Denver through charitable donations.
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Impact
October, 2024
Denver Debutante Ball Inc has a significant impact on the cultural life of the Denver community through its annual event that celebrates young women while also contributing to local charities. By presenting these representative young women at a prestigious venue like the Brown Palace Hotel and Spa, the event fosters a sense of community and tradition. The net proceeds generated from the ball are directed towards charities aimed at enhancing cultural activities, with the Denver Botanic Gardens being one notable recipient. This not only supports the arts and cultural initiatives within the area but also helps to cultivate future generations' appreciation for these institutions. Overall, the organization plays a crucial role in enriching the community's cultural landscape while offering a platform for young women to be recognized for their achievements.
This information is meant to be a general summary of Denver Debutante Ball Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $423
- Program Service Revenue: $75,600
- Gross Receipts: $434,383
Assets and Liabilities:
- Total Assets: $42,971
- Total Liabilities: $0
- Net Assets: $42,971
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEBUTANTE FEES
Revenue
$75,600
Organization Details
Founding Year
1989
Phone
(303) 770-0346Principal Officer
Karen Secor
Main Address
10366 E IDA AVE, GREENWOOD VILLAGE, CO, 80111
NTEE Category
Code: A00 - Arts
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