Overview
What is Denver Asset Building Coalition?
The Denver Asset Building Coalition, located at 2475 W 26th Ave, Denver, CO 80211, is a dedicated nonprofit organization. Its primary objective is to assist low-income households by offering complimentary tax preparation, tax legal services, and financial education. In 2022, they successfully filed over 3,000 Federal and State tax returns, enabling clients to secure refunds that were then reinvested into the community. The organization aims to support low-income and underserved individuals and families in becoming financially stable and securing a more prosperous future. With a workforce of 11 dedicated employees, the Denver Asset Building Coalition strives to make a significant impact in the community.
Official website here: www.denverabc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating. The Denver Asset Building Coalition (DABC) has achieved a high level of accountability and finance, reflected in its perfect score of 100% in this area. The rating is based on a comprehensive evaluation of its organizational practices, including strong governance and financial management.
DABC boasts an independent board with full compliance on various policies, such as conflict of interest and whistleblower policies, which indicates a commitment to ethical practices. The organization has also demonstrated financial responsibility with a low liabilities-to-assets ratio and an impressive program expense ratio of over 90%, suggesting that a significant portion of its funds directly supports its mission.
User feedback highlights the positive impact of volunteering with DABC, with volunteers expressing fulfillment from providing valuable services to low-income clients. The opportunity to enhance personal skills, such as tax knowledge, while assisting those in need showcases the organization's effectiveness in delivering its programs. Overall, DABC is recognized for its strong financial health and meaningful community contributions.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Denver Asset Building Coalition legitimate?
Denver Asset Building Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. Denver Asset Building Coalition 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $325,221
For more financial information, click here
Official website here: www.denverabc.org
What is the mission statement of Denver Asset Building Coalition?
The Denver Asset Building Coalition's mission is centered around providing assistance to low-income households. This organization offers free tax preparation and legal services related to taxes, in addition to financial education and financial services. Their primary goal is to help economically vulnerable individuals and families build a sustainable future and achieve financial stability. In 2022, DABC volunteers successfully filed over 3,000 federal and state tax returns, enabling these individuals to receive and reinvest their refunds in the community.
Official website here: www.denverabc.org
Who is the CEO of Denver Asset Building Coalition?
Wendy Ferrell is the Executive Director of Denver Asset Building Coalition.
Official website here: www.denverabc.org
What is the revenue of Denver Asset Building Coalition?
Denver Asset Building Coalition's revenue in 2022 was $481,600.
Official website here: www.denverabc.org
Who are the executives of Denver Asset Building Coalition and what are their salaries?
The average compensation at Denver Asset Building Coalition during 2022 was $29,566. There are 11 employees and 85 volunteers at Denver Asset Building Coalition.
Here are 13 key members and their salaries:
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Official website here: www.denverabc.org
Where can I find the form 990 for Denver Asset Building Coalition?
Denver Asset Building Coalition's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.denverabc.org
Learn more at the official website: www.denverabc.org
Mission Statement of Denver Asset Building Coalition
The Denver Asset Building Coalition, a nonprofit organization, is committed to serving low-income households by offering free tax preparation and tax legal services, along with financial education and financial services. Their mission is geared towards empowering financially vulnerable individuals and families, enabling them to build a stable future and improve their economic situation. In 2022, the coalition's volunteers successfully filed over 3,000 federal and state tax returns, resulting in the return of refunds that were then reinvested back into the community.
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Impact
July, 2024
Denver Asset Building Coalition's impact is significant in providing free tax preparation, tax legal services, and other related services to low-income households. In 2022, DABC Volunteers filed over 3,000 Federal and State tax returns, assisting clients in receiving refunds and returning money back to the community. Through their mission to offer financial education and services to underserved populations, DABC helps individuals and families build for the future and achieve economic stability.
This information is meant to be a general summary of Denver Asset Building Coalition. 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.
- Gross Receipts: $481,600
Assets and Liabilities:
- Total Assets: $494,566
- Total Liabilities: $125,520
- Net Assets: $369,046
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Organization Details
Founding Year
2005
Phone
(303) 388-7030Principal Officer
Wendy Ferrell
Main Address
2475 W 26th Ave, Denver, CO, 80211
Website
www.denverabc.orgNTEE Category
Code: B90 - Education
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