2023-11-15T13:48:44-05:00 2023-06-30 KUNDINGER CORDER & MONTOYA PC 475 LINCOLN STREET SUITE 200 DENVER CO 80203 990 2022-07-01 205143175 DENVER SCHOLARSHIP FOUNDATION DENV 3039514140 789 SHERMAN STREET SUITE 610 DENVER CO 80203 LORII RABINOWITZ CEO 3039514140 2023-11-15 true LORII RABINOWTIZ 999009999 false KRISTIN CALDER P01720813 3035345953 2023-11-15 2022 2023-04-26 12:10:37Z LORII RABINOWITZ 789 SHERMAN STREET SUITE 610 DENVER CO 80203 16395577 false X WWW.DENVERSCHOLARSHIP.ORG X 2006 CO TO EMPOWER DENVER PUBLIC SCHOOL STUDENTS TO ENROLL IN AND GRADUATE (CONTINUED ON SCHEDULE O) 30 30 98 50 0 13797760 15146261 0 199811 39877 1913 700 13999484 15186838 5297186 7136682 0 5225783 6465157 48146 0 1219235 1413651 2570360 11984766 16172199 2014718 -985361 33817323 37445731 574111 2252815 33243212 35192916 X 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. false false 7720993 7136682 SCHOLARSHIPS: DENVER SCHOLARSHIP FOUNDATION (DSF) AWARDS NEED-BASED SCHOLARSHIPS TO DENVER PUBLIC SCHOOLS (DPS) GRADUATES WHO ENROLL IN ANY ONE OF OUR 31 POSTSECONDARY INSTITUTIONAL PARTNERS IN COLORADO, INCLUDING UNIVERSITIES, COMMUNITY COLLEGES AND TECHNICAL COLLEGES. DSF AWARDED OVER 7M IN SCHOLARSHIPS TO OVER 2,000 DSF SCHOLARS (DPS GRADUATES RECEIVING A DSF SCHOLARSHIP) THIS YEAR. THESE SCHOLARSHIPS ARE PROMISE- BASED, MEANING EVERY DPS STUDENT WHO MEETS THE ELIGIBILITY CRITERIA AND ALL DSF REQUIREMENTS ENTERING INTO AND WHILE ATTENDING COLLEGE RECEIVES THE SCHOLARSHIP FOR UP TO FOUR YEARS, DEPENDING ON THE TYPE OF COLLEGE THEY ATTEND. (CONTINUED ON SCHEDULE O) 3452469 COLLEGE ACCESS: DSF PROVIDES FREE CAREER AND COLLEGE ADVISEMENT SERVICES FOR OVER 9,000 9-12 GRADE STUDENTS THROUGH ITS 15 DSF FUTURE CENTERS, WHICH ARE DSF-STAFF RESOURCE CENTERS IN DPS HIGH SCHOOLS. THE MAJORITY OF STUDENTS SERVED THROUGH DSF FUTURE CENTERS DEMONSTRATE FINANCIAL NEED AND IDENTIFY AS PEOPLE OF COLOR; 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) 1884961 700 SUCCESS: DSF 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'S EMBEDDED TEAM OF DSF ADVISORS PROVIDE SUCCESS SERVICES DIRECTLY TO DSF SCHOLARS ENROLLED ON ONE OF THREE COLLEGES LOCATED ON DENVER'S AURARIA CAMPUS; FOR EACH OF DSF'S OTHER 28 COLLEGE PARTNERS (LOCATED THROUGHOUT THE STATE), DSF HAS AGREEMENTS IN PLACE WHICH ENSURE DSF SCHOLARS RECEIVE SUCCESS SERVICES THROUGH DESIGNATED CAMPUS AND FINANCIAL AID CONTACTS AT EACH INSTITUTION. (CONTINUED ON SCHEDULE O) 13058423 true true false true false false false false false true true true false false true false true false false false false false false false true false false false true true false false false false false false false false true false false false false false false false false true 48 0 true 98 true false false false false false true true false false false false false false X 30 30 false false false false false true true true true false false true true true true true true true true false X PATTI SCHWARTZBERG CFO 3039514153 789 SHERMAN STREET SUITE 610 DENVER CO 80203 LORII RABINOWITZ CEO 40.00 X 220636 0 17252 PATTI SCHWARTZBERG CFO 40.00 X 171803 0 9618 NATE CADENA COO 40.00 X 150433 0 15721 PATRICIA WHITEHOUSE DIRECTOR OF 40.00 X 120770 0 12197 ERIN HENNINGER CDO 40.00 X 130865 0 14587 JAMES TUCKER DIRECTOR OF 40.00 X 112666 0 12162 LUELLA CHAVEZ D'ANGELO CHAIR 3.00 X X 0 0 0 KATHERINE L MACWILLIAMS TREASURER 1.00 X X 0 0 0 JOHN A ELOFSON SECRETARY 2.00 X X 0 0 0 ALBUS BROOKS DIRECTOR THR 1.00 X 0 0 0 ANDY BOIAN DIRECTOR 1.00 X 0 0 0 ANDY MILLER DIRECTOR 1.00 X 0 0 0 ANNE TRUJILLO DIRECTOR 1.00 X 0 0 0 BARRY DORFMAN DIRECTOR 1.00 X 0 0 0 BETH PEREZ DIRECTOR THR 1.00 X 0 0 0 CATHEY M FINLON DIRECTOR 1.00 X 0 0 0 DANIEL BROWN DIRECTOR 1.00 X 0 0 0 DANNY WETMORE DIRECTOR 1.00 X 0 0 0 DENISE BURGESS DIRECTOR 1.00 X 0 0 0 IRMA LOCKRIDGE DIRECTOR THR 1.00 X 0 0 0 JAMES COUSIN DIRECTOR 1.00 X 0 0 0 JASON CLARK DIRECTOR 1.00 X 0 0 0 JENNIFER CMIL DIRECTOR 1.00 X 0 0 0 JENNIFER SOBANET DIRECTOR 1.00 X 0 0 0 JOHN J HANLEY DIRECTOR 1.00 X 0 0 0 JOHN A IKARD DIRECTOR 1.00 X 0 0 0 JONATHAN COLEMAN DIRECTOR 1.00 X 0 0 0 LAURIE BARELA DIRECTOR 1.00 X 0 0 0 ROBERT F DEIBEL DIRECTOR 1.00 X 0 0 0 LUIS A COLON DIRECTOR 1.00 X 0 0 0 MARIA G ARIAS DIRECTOR 1.00 X 0 0 0 MARISA HUDSON-ARNEY DIRECTOR 1.00 X 0 0 0 RYAN TOBIN DIRECTOR 1.00 X 0 0 0 SANDI LEWIS DIRECTOR 1.00 X 0 0 0 SCOTT NYCUM DIRECTOR 1.00 X 0 0 0 SETH R BELZLEY DIRECTOR THR 1.00 X 0 0 0 SHANNON CONNERY DIRECTOR 1.00 X 0 0 0 STACY CARPENTER DIRECTOR 1.00 X 0 0 0 STEVEN E ABELMAN DIRECTOR 1.00 X 0 0 0 THOMAS F BRADY DIRECTOR 1.00 X 0 0 0 907173 81537 6 false true false COASTALCLOUD LLC 1 HAMMOCK BEACH PARKWAY SUITE 200 PALM COAST FL 32137 IT SERVICES 197250 GYAN-I INC 383 CORONA STREET DENVER CO 80218 IT SERVICES 107725 2 1076655 3785018 10284588 793795 15146261 913130 913130 873253 -873253 -873253 -873253 335486 1076655 335486 MISCELLANEOUS 900099 700 700 700 15186838 700 39877 7136682 7136682 612112 229747 258447 123918 4741074 3180914 870047 690113 199787 133259 35984 30544 482110 311305 100653 70152 430074 274732 90156 65186 10420 10420 103352 103352 187021 10832 99769 76420 65833 25554 18446 21833 535707 354820 109351 71536 337287 214742 85303 37242 42493 26604 7558 8331 16765 16765 IT GRANT EXPENSE 892500 892500 OTHER PROGRAM EXPENSES 235272 233981 1291 MARKETING 76401 5363 51765 19273 TRAINING & PROF. DEV. 45307 20158 23650 1499 22002 7230 12875 1897 16172199 13058423 1894541 1219235 625566 385598 9574 3286102 2391195 2087375 40353 1164 187658 242514 199380 123266 44433 76114 27321432 27052460 3090143 2871100 106969 1443304 33817323 37445731 235678 417961 338433 1834854 574111 2252815 X 5111113 3673735 28132099 31519181 33243212 35192916 33817323 37445731 -985361 2935065 X X false true X true true true X 7061826 11333287 14325538 13797760 15146261 61664672 77923 154930 154930 96409 97270 581462 7139749 11488217 14480468 13894169 15243531 62246134 777297 61468837 750947 502095 544689 686126 913130 3396987 4053 9229 18313 1913 700 34208 65677329 0.93590 0.93620 X PART II, LINE 10 MISCELLANEOUS INCOME 34,208 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14952964 14952964 897648 224412 615977 615592 701607 897648 2830824 4246236 10000 10000 153994 153898 175402 224412 707706 1061559 23513214 937624 2566650 13634 27003854 28358209 50500 -4802419 93076 23513214 20709761 660570 7053968 66090 28358209 22754164 150015 485946 2680364 20709761 25672310 833127 3751273 22754164 0.01000 0.99000 true false 199380 123266 76114 76114 ALTERNATIVE INVESTMENTS 2871100 F 2871100 LEASE LIABILITY 1426104 DEFERRED SPONSORSHIPS 408750 1834854 18171763 2935065 153212 3088277 15083486 103352 103352 15186838 16222059 153212 153212 16068847 103352 103352 16172199 SCHEDULE D, PAGE 4, PART XIII PART V, LINE 4: EARNINGS FROM THE ENDOWMENT FUNDS ARE USED TO SUPPORT FUTURE SCHOLARSHIP PAYMENTS. EARNINGS FROM THE ENDOWMENT FUNDS NOT IN THE POSSESSION OF THE FOUNDATION SHALL BE USED TO SUPPORT THE OPERATIONS OF THE FOUNDATION. ANNUAL DINNER 1278047 986313 291734 80340 73943 4491 132960 GOLF 134094 90342 43752 43494 258 1412141 1076655 335486 123834 73943 4491 133218 335486 true SCHOLARSHIPS FOR STUDENTS 2075 7136682 SCHEDULE I, PAGE 1, PART I, LINE 2 ELIGIBILITY FOR ASSISTANCE IS DETERMINED PRIOR TO SCHOLARSHIP AWARD, AND THE PAYMENTS ARE MADE DIRECTLY TO THE EDUCATIONAL INSTITUTION. CERTAIN GRADE POINT AVERAGE AND FINANCIAL GUIDELINES MUST BE MET BEFORE STUDENT CAN BE AWARDED A SCHOLARSHIP FOR THE FOLLOWING SEMESTER OR QUARTER. X X X X X false false false false false false false true false LORII RABINOWITZ CEO 199936 20700 11062 6190 237888 PATTI SCHWARTZBERG CFO 171803 8515 1103 181421 NATE CADENA COO 150433 7777 7944 166154 SCHEDULE J, PAGE 1, PART I, LINE 7 THE BONUS FOR THE CEO IS CALCULATED AS A PERCENTAGE OF TOTAL APPROVED COMPENSATION BASED ON PERFORMANCE AND IS OUTLINED IN A CONTRACT, THE FINAL AMOUNT IS DETERMINED BY AND APPROVED BY THE EXECUTIVE COMMITTEE. X 7 793795 SUBSEQUENT SELLING PRICE false true false FORM 990 - ORGANIZATION'S 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. FORM 990, PART III LINE 4A (CONTINUED - SCHOLARSHIPS) THE DEMOGRAPHICS OF OUR DSF SCHOLARS ARE AMONG THE MOST UNDER-REPRESENTED IN COLLEGE, WITH 87% FIRST IN THEIR FAMILIES TO PURSUE A POSTSECONDARY EDUCATION. ALL WERE RAISED IN LIMITED-INCOME HOUSEHOLDS, AND 91% ARE STUDENTS OF COLOR. IMPACT: SINCE ITS INCEPTION IN 2006, DSF HAS AWARDED 57.6 MILLION IN SCHOLARSHIPS, CHANGING THE LIFE TRAJECTORY FOR 8,941 DPS GRADUATES. LINE 4B (CONTINUED - COLLEGE ACCESS) DSF FUTURE CENTERS ARE STAFFED WITH DSF ADVISORS WHO WORK ONE-ON-ONE WITH STUDENTS, HELPING THEM SELECT THE COLLEGE PATHWAY THAT BEST FITS THEIR ACADEMIC, FINANCIAL, AND PERSONAL GOALS, WHICH HELPS ENSURE THEIR SUCCESS IN COLLEGE PERSISTENCE AND COMPLETION. IMPACT: DPS HIGH SCHOOLS WITH AN ON-SITE DPS FUTURE CENTER SEND MORE GRADUATING SENIORS TO COLLEGE, COMPARED TO HIGH SCHOOLS WITHOUT A DSF FUTURE CENTER. SINCE ITS INCEPTION IN 2006, DPS HAS PROVIDED COLLEGE-GOING ASSISTANCE TO OVER 48,000 DPS STUDENTS. LINE 4C (CONTINUED -SUCCESS) WITH 91.4% OF TOP PAYING JOBS IN COLORADO (THOSE OFFERING A FAMILY LIVING WAGE) REQUIRING SOME SORT OF POSTSECONDARY CREDENTIAL, SUPPORTING DSF SCHOLARS TO AND THROUGH COLLEGE COMPLETION IS CRITICALLY IMPORTANT. IMPACT: COLLEGE SUCCESS DIRECTLY IMPACTS THE SUCCESS OF DSF SCHOLARS. BECAUSE OF THESE CRITICAL SUPPORT SERVICES, 80% OF THE MOST RECENT SIX-YEAR COHORT OF DSF SCHOLARS HAVE GRADUATED OR CONTINUE TO PERSIST IN THEIR DRIVE TO ATTAIN A COLLEGE CERTIFICATE OR DEGREE. THE SUCCESS DEMONSTRATED BY DSF SCHOLARS ADDITIONALLY ALLOWS FOR PARTIAL REIMBURSEMENT BY THE CITY AND COUNTY OF DENVER'S VOTER-APPROVED PROSPERITY DENVER FUND, ENSURING EVEN GREATER STUDENT ACCESS TO A POSTSECONDARY EDUCATION AND SUCCESSFUL COMPLETION OF A DEGREE OR CERTIFICATE. FORM 990, PAGE 6, PART VI, LINE 7A A CERTAIN FOUNDING DIRECTOR OF THE FOUNDATION, OR ANY INDIVIDUAL HE DESIGNATES IN WRITING AS HIS SUCCESSOR, APPOINTS ONE DIRECTOR OF THE ORGANIZATION. THE TERM OF THE APPOINTED DIRECTOR IS FOR TWO YEARS, AND ONLY THIS CERTAIN FOUNDING DIRECTOR CAN REMOVE THE APPOINTED DIRECTOR WITH OR WITHOUT CAUSE. FORM 990, PAGE 6, PART VI, LINE 7B ANY AMENDMENT TO THE BYLAWS THAT WOULD CHANGE, ALTER, OR IMPACT THE POWER OF A CERTAIN FOUNDING DIRECTOR OR HIS SUCCESSOR TO APPOINT OR REMOVE THE APPOINTED DIRECTOR IS SUBJECT TO WRITTEN APPROVAL OF THIS CERTAIN FOUNDING DIRECTOR OR HIS SUCCESSOR. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY THE FINANCE & INVESTMENT COMMITTEE AND THEN PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED BY ALL OFFICERS DIRECTORS AND KEY EMPLOYEES. THE NOMINATIONS & GOVERNANCE COMMITTEE REVIEWS THE COMPLETED FORMS EACH YEAR AND NOTES ANY CONFLICTS THAT WOULD REQUIRE SPECIAL TREATMENT IN DECISIONS. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE AFTER GIVING CONSIDERATION TO LOCAL MARKET CONDITIONS, THE GENERAL ECONOMY, PERFORMANCE, AND COMPENSATION FOR SIMILAR POSITIONS IN OTHER ORGANIZATIONS OF SIMILAR SIZE. FORM 990, PAGE 6, PART VI, LINE 15B SAME AS 15A FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICES. FORM 990, PAGE 12, PART XII, LINE 2C THERE WERE NO CHANGES IN THE AUDIT OVERSIGHT PROCESS DURING THE YEAR.