Overview
What is East Denver Colfax Partnership Inc?
East Denver Colfax Partnership Inc is a nonprofit organization situated in Denver, Colorado, specifically at 6740 E Colfax Avenue. Their primary mission is to support local businesses and residents along the East Colfax Corridor, advocating for equitable development. In 2022, they assisted 89 businesses with general support, conducted 15 Crime Prevention through Environmental Design (CPTED) walks, and aided 17 businesses in securing grants and loans to foster growth and expansion. Their efforts contributed to improving physical security for eight businesses by installing security cameras, enhancing cash registers, and conducting property maintenance.
Official website here: www.thefaxdenver.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating.
East Denver Colfax Partnership Inc has received an 85% score based entirely on its Accountability & Finance metrics. This demonstrates a strong commitment to financial responsibility and transparency, with all board members being independent and a solid performance in areas like financial oversight and conflict of interest policies. The organization has been recognized for effectively managing its resources, maintaining a high program expense ratio of 88.11%, suggesting that a significant portion of its funding directly supports its mission.
However, the organization has a liabilities to assets ratio of 65.28%, which indicates some level of financial risk that could be a concern for potential donors. Nevertheless, the absence of material diversions of assets and the presence of comprehensive policies regarding whistleblowing and document retention highlight a strong governance framework. Overall, while East Denver Colfax Partnership Inc shows commendable accountability and financial practices, it may need to improve its balance sheet to enhance its financial stability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is East Denver Colfax Partnership Inc legitimate?
East Denver Colfax Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Denver Colfax Partnership 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:
Executive Compensation: $115,081
Professional Fundraising Fees: $0
Other Salaries and Wages: $372,363
For more financial information, click here
Official website here: www.thefaxdenver.com
What is the mission statement of East Denver Colfax Partnership Inc?
East Denver Colfax Partnership Inc, through its mission, works to strengthen and support both residents and businesses along the East Colfax Corridor. This non-profit organization is dedicated to advancing a vision of equitable development. In 2022, they provided assistance to 89 businesses with general business support, conducted 15 Crime Prevention Through Environmental Design (CPTED) walks, and helped 17 businesses apply for grants and loans to support their growth and expansion. Their activities aim to enhance the security and growth prospects of the businesses within their sphere.
Official website here: www.thefaxdenver.com
Who is the CEO of East Denver Colfax Partnership Inc?
Monica Martinez is the Executive Di of East Denver Colfax Partnership Inc.
Official website here: www.thefaxdenver.com
What is the revenue of East Denver Colfax Partnership Inc?
East Denver Colfax Partnership Inc's revenue in 2022 was $1,199,855.
Official website here: www.thefaxdenver.com
Who are the executives of East Denver Colfax Partnership Inc and what are their salaries?
The average compensation at East Denver Colfax Partnership Inc during 2022 was $44,313. There are 11 employees at East Denver Colfax Partnership Inc.
Here are 10 key members and their salaries:
- Compensation: $115,081
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- Other: $0
Official website here: www.thefaxdenver.com
Where can I find the form 990 for East Denver Colfax Partnership Inc?
East Denver Colfax Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thefaxdenver.com
Learn more at the official website: www.thefaxdenver.com
Mission Statement of East Denver Colfax Partnership Inc
East Denver Colfax Partnership Inc, often referred to as The Fax Partnership, is dedicated to strengthening and supporting the community along the East Colfax Corridor. Their mission is centered around advancing a vision of equitable development. They strive to uplift both residents and businesses in the area, working towards a balanced and inclusive growth. The organization takes a proactive approach, providing general business support to various enterprises and conducting crime prevention through environmental design (CPTED) walks. These walks aid businesses in improving their physical security, resulting in installations of security cameras, enhancements to cash registers, and maintenance of property. Furthermore, The Fax Partnership assists businesses in applying for grants and loans, thereby supporting their growth and expansion. In essence, East Denver Colfax Partnership Inc works tirelessly to foster a thriving and secure community along the East Colfax Corridor, prioritizing equitable development at its core.
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Impact
July, 2024
East Denver Colfax Partnership Inc, through its activities, strengthens and supports residents and businesses along the East Colfax corridor while advancing a vision of equitable development. In 2022, the organization had a significant impact by assisting 89 businesses with general business support. Additionally, they conducted 15 Crime Prevention Through Environmental Design (CPTED) walks for businesses on East Colfax, resulting in improvements to the physical security of eight businesses. The organization also facilitated 17 businesses in applying for grants and loans to support their growth and expansion. Overall, their work in providing business support and promoting equitable development has made a tangible difference in the East Denver community.
This information is meant to be a general summary of East Denver Colfax Partnership 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 2022.
- Investment Income: $28
- Program Service Revenue: $159,129
- Gross Receipts: $1,199,855
Assets and Liabilities:
- Total Assets: $4,886,484
- Total Liabilities: $4,444,711
- Net Assets: $441,773
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$141,629
PROGRAM FEES
Revenue
$17,500
Organization Details
Founding Year
2004
Phone
(303) 478-0266Principal Officer
Monica Martinez
Main Address
6740 E COLFAX AVENUE, DENVER, CO, 80220
Website
www.thefaxdenver.comNTEE Category
Code: S20 - Community improvement
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