Denver Scholarship Foundation

Tax-deductible

Denver, CO501(c)(3)Since 2006EducationEIN 20-5143175Revenue $29.9M in FY2025

On file with the IRSdenverscholarship.org789 N Sherman St Ste 610, 80203-3587 · Denver, COTax-exempt since Aug 2007Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

To empower Denver Public School students to enroll in and graduate (Continued on Schedule O) (Continued) from post-secondary institutions of higher education.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 45 volunteers and 94 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $3.2M a year · 17% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 6% of spending
Top officer’s pay higher than 50% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $76K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$29.9M
+81% vs prior year
Spent
$19.5M
To programs
81%
Net assets
$43.4M
By yearFY2021–FY2025
Revenue
$29.9M
FY2025▲ +81%
Tap a bar for its year
Revenue by fiscal year
FY2021$15.7M
FY2022$14.0M
FY2023$15.2M
FY2024$16.5M
FY2025$29.9M
Expenses
$19.5M
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$10.5M
FY2022$12.0M
FY2023$16.2M
FY2024$17.3M
FY2025$19.5M
Net assets
$43.4M
FY2025▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2021$36.4M
FY2022$33.2M
FY2023$35.2M
FY2024$37.5M
FY2025$43.4M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $15.7M Management & general 13% · $2.6M Fundraising 6% · $1.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

42 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$240,307Pt VII · Sec A
$203,085Pt VII · Sec A
Chief Impact
$188,593Pt VII · Sec A
Sr.dr. IT
$137,395Pt VII · Sec A
$129,623Pt VII · Sec A
SR. Dr. Mktg
$116,701Pt VII · Sec A
SR. Dr. Prog
$111,479Pt VII · Sec A
Dr. Finance
$108,740Pt VII · Sec A

Lorii Rabinowitz’s $240K as CEO is at the 50th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Lorii Rabinowitz$240,307$232,603$220,636$204,200$172,823
Patti Schwartzberg$203,085$179,150$171,803$146,615$131,572
Nate Cadena$188,593$161,207$150,433$140,056$126,909
Jake Wenger$137,395$128,632———
Erin Henninger—$134,254$130,865——
Margaret Bachrach————$129,850
Patricia Whitehouse$129,623$125,345$120,770$103,110—
Olivia Omega$116,701————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Denver Scholarship Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps Denver Public School students enroll in and graduate from college by providing scholarships, financial aid guidance, and ongoing campus support services.

Questions for Denver Scholarship Foundation

Tap to ask. Denver Scholarship Foundation sees how many people are interested.

Your first name shows with your question. Denver Scholarship Foundation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $15.7M · in their own filed words · FY2024
01

Scholarships

Denver scholarship foundation (DSF) awards up to five years of scholarships to DPS graduates with significant financial need, who qualify to attend one of DSF'S 30 college partners in colorado, including universities, technical AND/OR community colleges.

$9.3Mprogram expense
02

College Access

DSF provides free career and college advisement services for over 14,000 9TH-12TH grade students at its 15 DSF future centers, which are dsf-staffed resource centers located in DPS high schools.

$4.1Mprogram expense
03

College Success

DSF, in collaboration with its 30 college partners throughout colorado, 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.

$2.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$76K
See all 4 funders →
Grants paid · 5 grants · $33.3M · 2020–2024
Unitemized GrantFY2024$8,624,992
Unitemized GrantFY2023$7,664,481
Unitemized GrantFY2022$7,136,682
Unitemized GrantFY2021$5,297,186
Unitemized GrantFY2020$4,593,785

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$29.9M
Ln 12
Gifts and grantsLn 1h$22.1M
Investment incomeLn 3$7.6M
Other incomeLn 4–11$87K
Money outPt IX
$19.5M
Ln 25
Programscol B$15.7M
Managementcol C$2.6M
Fundraisingcol D$1.2M
Owns and owesPt X
$43.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$45.2M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
42
listed · VII A
PaidVII A8
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22.1M
Government grantsLn 1e$3.9M
Noncash giftsLn 1g$149K
Fundraising eventsLn 1c$764K
Investment incomeLn 3$7.6M
Other incomeLn 4–11$87K
Gains on assetsLn 7$6.8M
Total revenueLn 12$29.9M
Assets in detailPt X, end of year
CashLn 1$265K
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.5M
InvestmentsLn 11–13$37.9M
Land, buildings, equipmentLn 10c$41K
Other assetsLn 15$1.0M
Total assetsLn 16$45.2M
LiabilitiesLn 26$1.8M
Net assetsLn 32$43.4M
OperationsPt I, VI
EmployeesI 594
VolunteersI 645
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3.9M$2.5M
InvestmentsLn 11–13$31.9M$37.9M
Land, buildings, equipmentLn 10c$56K$41K
Total assetsLn 16$39.9M$45.2M
LiabilitiesLn 26$2.4M$1.8M
Net assetsLn 32$37.5M$43.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$8.6M$8.6M
Pay of current officers, directors and key staffLn 5$814K$292K$344K$178K
Other salaries and wagesLn 7$6.3M$4.7M$1.0M$605K
Pension plan contributionsLn 8$274K$204K$44K$26K
Other employee benefitsLn 9$621K$446K$137K$38K
Payroll taxesLn 10$559K$399K$103K$57K
Legal feesLn 11b$9K$9K
Investment management feesLn 11f$118K$118K
Other fees for servicesLn 11g$358K$28K$232K$98K
Advertising and promotionLn 12$91K$9K$54K$29K
Office expensesLn 13$56K$21K$17K$18K
Information technologyLn 14$884K$685K$121K$78K
OccupancyLn 16$323K$4K$320K$80
TravelLn 17$74K$42K$20K$13K
Depreciation, depletion and amortizationLn 22$15K$15K
Other expenses (24a–d)Ln 24$331K$228K$66K$37K
Total functional expensesLn 25$19.5M$15.7M$2.6M$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $29.9M$19.5M$10.4M$43.4M 990 PDF
FY2024 $16.5M$17.3M−$775K$37.5M 990 PDF
FY2023 $15.2M$16.2M−$985K$35.2M 990 PDF
FY2022 $14.0M$12.0M$2.0M$33.2M 990 PDF
FY2021 $15.7M$10.5M$5.2M$36.4M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $29,852,401 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,133,175$22,120,544
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,328,035$7,645,272
I-11 Other revenuePrior year $59,279$86,585
I-12 Total revenuePrior year $16,520,489$29,852,401
I-13 Grants and similar amounts paidPrior year $7,664,481$8,624,992
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $7,468,565$8,581,782
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,162,347$2,259,858
I-18 Total expensesPrior year $17,295,393$19,466,632
I-19 Revenue less expensesPrior year −$774,904$10,385,769
Part VI · Governance 30 of 30 board members independent, no flags
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $29,852,401 across 9 lines filed
VIII-1c Fundraising events$764,256
VIII-1e Government grants$3,920,230
VIII-1f All other contributions, gifts and grants$17,436,058
VIII-1g Noncash contributions (included above)$149,154
VIII-1h Total contributions, gifts and grants$22,120,544
VIII-3 Investment incomeExcluded from tax $838,664$838,664
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,806,608$6,806,608
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $86,585$86,585
VIII-12 Total revenueRelated to mission $86,585 · Excluded from tax $7,645,272$29,852,401
Part IX · Statement of functional expenses $19,466,632 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $8,624,992$8,624,992
IX-5 Pay of current officers, directors and key staffPrograms $291,699 · Management $344,334 · Fundraising $177,515$813,548
IX-7 Other salaries and wagesPrograms $4,693,175 · Management $1,016,155 · Fundraising $604,787$6,314,117
IX-8 Pension plan contributionsPrograms $203,814 · Management $43,643 · Fundraising $26,252$273,709
IX-9 Other employee benefitsPrograms $446,276 · Management $137,420 · Fundraising $37,552$621,248
IX-10 Payroll taxesPrograms $399,400 · Management $102,504 · Fundraising $57,256$559,160
IX-11b Legal feesManagement $9,232$9,232
IX-11f Investment management feesManagement $118,112$118,112
IX-11g Other fees for servicesPrograms $28,000 · Management $231,840 · Fundraising $98,348$358,188
IX-12 Advertising and promotionPrograms $8,526 · Management $53,691 · Fundraising $28,610$90,827
IX-13 Office expensesPrograms $20,972 · Management $16,784 · Fundraising $18,102$55,858
IX-14 Information technologyPrograms $685,462 · Management $120,563 · Fundraising $77,763$883,788
IX-16 OccupancyPrograms $3,659 · Management $319,626 · Fundraising $80$323,365
IX-17 TravelPrograms $41,858 · Management $20,001 · Fundraising $12,527$74,386
IX-22 Depreciation, depletion and amortizationManagement $14,807$14,807
IX-24 Other expenses (24a–d)Programs $228,340 · Management $66,441 · Fundraising $36,514$331,295
IX-25 Total functional expensesPrograms $15,676,173 · Management $2,615,153 · Fundraising $1,175,306$19,466,632
Part X · Balance sheet $45,233,307 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $31,094$265,343
X-2 Savings and temporary cash investmentsStart of year $3,863,711$2,209,412
X-3 Pledges and grants receivableStart of year $2,185,944$3,522,394
X-4 Accounts receivableStart of year $327,397$101,319
X-9 Prepaid expenses and deferred chargesStart of year $309,512$209,124
X-10c Land, buildings and equipment, netStart of year $55,822$41,015
X-11 Publicly traded securitiesStart of year $29,055,787$33,170,019
X-12 Other securitiesStart of year $2,837,473$4,693,096
X-15 Other assetsStart of year $1,230,421$1,021,585
X-16 Total assetsStart of year $39,897,161$45,233,307
X-17 Accounts payable and accrued expensesStart of year $878,972$528,675
X-25 Other liabilitiesStart of year $1,549,717$1,269,407
X-26 Total liabilitiesStart of year $2,428,689$1,798,082
X-27 Net assets without donor restrictionsStart of year $3,403,310$5,637,254
X-28 Net assets with donor restrictionsStart of year $34,065,162$37,797,971
X-32 Total net assets or fund balancesStart of year $37,468,472$43,435,225
X-33 Total liabilities and net assetsStart of year $39,897,161$45,233,307
Part XI · Reconciliation of net assets $43,435,225 net assets at year end
XI-1 Total revenue$29,852,401
XI-2 Total expenses$19,466,632
XI-3 Revenue less expenses$10,385,769
XI-4 Net assets at start of year$37,468,472
XI-5 Net unrealized gains (losses) on investments−$4,419,016
XI-10 Net assets at end of year$43,435,225

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.