Preferred Lending Partners

Tax-deductible

Lakewood, CO501(c)(3)EIN 74-2363487

Preferred lending partners was organized for the purpose of furthering economic development for the state of colorado by promoting and assisting the growth and development of new and existing businesses.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$500K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
4 of 5
filings with a surplus
Average surplus $126K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$500K
to officers and key staff · 41% of spending
Concern: pay to officers and key staff is 41% of spending; over 30%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$355K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+4% vs prior year
Spent
$1.2M
To programs
84%
Net assets
$1.3M
By yearFY2021–FY2025
Revenue
$1.3M
FY2025▲ +4%
Revenue by fiscal year
FY2021$1.5M
FY2022$1.3M
FY2023$1.2M
FY2024$1.3M
FY2025$1.3M
Expenses
$1.2M
FY2025▲ +4%
Expenses by fiscal year
FY2021$994K
FY2022$1.5M
FY2023$1.1M
FY2024$1.2M
FY2025$1.2M
Net assets
$1.3M
FY2025▲ +7%
Net assets by fiscal year
FY2021$1.2M
FY2022$1.0M
FY2023$1.1M
FY2024$1.2M
FY2025$1.3M

From the FY2025 Form 990 (year ending September 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 Oct 1985.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $1.0M Management & general 16% · $202K

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

Who runs it and what they're paid

11 people listed on the 990; $500K 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
Executive Di
$257,487Pt VII · Sec A
Director of
$136,196Pt VII · Sec A
Chief of Cre
$106,177Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Brian P Devlin$257,487$181,921$307,479$360,761$197,239
Destin Simmons—$141,983$105,088——
Juliene Wynn$136,196$109,419$119,526$127,583$116,179
Megan Jewell———$134,240$113,467
Laura Farley$106,177————
Laura L Farley———$103,446—

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 Preferred Lending Partners executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes and assists Colorado businesses to foster economic development.

Provided by the organization

This section is blank until Preferred Lending Partners claims this page.

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1 program service account for $1.0M of program spending, described in the organization's own filed words · FY2024.
01

Preferred lending partner's lending program has assisted qualified businesses throughout colorado and arizona with obtaining small business administration loans by working with financial institutions and other third party lenders to secure long-term capital for business expansion and acquisition of capital assets.

$1.0Mprogram expense

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$172K
Investment incomeLn 3$34K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.0M
Managementcol C$202K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$1.6M
LiabilitiesLn 26$355K
PeoplePt VI, VII
11
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$172K
Government grantsLn 1e$172K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$34K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$84K
Total assetsLn 16$1.6M
LiabilitiesLn 26$355K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderSeptember
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$1.3M$1.4M
Land, buildings, equipmentLn 10c$5K$3K
Total assetsLn 16$1.5M$1.6M
LiabilitiesLn 26$327K$355K
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$294K$248K$47K
Other salaries and wagesLn 7$523K$442K$81K
Pension plan contributionsLn 8$13K$11K$2K
Other employee benefitsLn 9$45K$38K$7K
Payroll taxesLn 10$62K$52K$10K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$43K$36K$6K
Advertising and promotionLn 12$8K$7K$344
Office expensesLn 13$26K$22K$4K
Information technologyLn 14$89K$75K$14K
OccupancyLn 16$25K$22K$3K
TravelLn 17$8K$7K$1K
Depreciation, depletion and amortizationLn 22$8K$7K$1K
InsuranceLn 23$17K$14K$3K
Other expenses (24a–d)Ln 24$42K$38K$4K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$1.2M$1.0M$202K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.3M$1.2M$110K$1.3M 990 PDF
FY2024 $1.3M$1.2M$108K$1.2M 990 PDF
FY2023 $1.2M$1.1M$70K$1.1M 990 PDF
FY2022 $1.3M$1.5M−$191K$1.0M 990 PDF
FY2021 $1.5M$994K$532K$1.2M 990 PDF

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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 (4 parts)
Part VIII · Statement of revenue $1,333,623 across 5 lines filed
VIII-1e Government grants$171,745
VIII-1h Total contributions, gifts and grants$171,745
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,128,081$1,128,081
VIII-3 Investment incomeExcluded from tax $33,797$33,797
VIII-12 Total revenueRelated to mission $1,128,081 · Excluded from tax $33,797$1,333,623
Part IX · Statement of functional expenses $1,223,449 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $247,890 · Management $46,517$294,407
IX-7 Other salaries and wagesPrograms $442,286 · Management $81,104$523,390
IX-8 Pension plan contributionsPrograms $11,148 · Management $2,091$13,239
IX-9 Other employee benefitsPrograms $37,519 · Management $7,040$44,559
IX-10 Payroll taxesPrograms $52,467 · Management $9,846$62,313
IX-11b Legal feesManagement $4,028$4,028
IX-11c Accounting feesManagement $14,227$14,227
IX-11g Other fees for servicesPrograms $36,480 · Management $6,438$42,918
IX-12 Advertising and promotionPrograms $7,311 · Management $344$7,655
IX-13 Office expensesPrograms $22,171 · Management $4,227$26,398
IX-14 Information technologyPrograms $75,235 · Management $14,012$89,247
IX-16 OccupancyPrograms $21,794 · Management $2,972$24,766
IX-17 TravelPrograms $7,055 · Management $1,265$8,320
IX-22 Depreciation, depletion and amortizationPrograms $6,782 · Management $1,263$8,045
IX-23 InsurancePrograms $14,022 · Management $2,592$16,614
IX-24 Other expenses (24a–d)Programs $38,230 · Management $3,755$41,985
IX-24e All other expensesPrograms $1,338$1,338
IX-25 Total functional expensesPrograms $1,021,728 · Management $201,721 · Fundraising $0$1,223,449
Part X · Balance sheet $1,635,006 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,287,502$1,427,166
X-3 Pledges and grants receivableStart of year $1,533$6,873
X-4 Accounts receivableStart of year $118,488$109,819
X-9 Prepaid expenses and deferred chargesStart of year $4,070$4,070
X-10c Land, buildings and equipment, netStart of year $5,194$2,597
X-15 Other assetsStart of year $107,185$84,481
X-16 Total assetsStart of year $1,523,972$1,635,006
X-17 Accounts payable and accrued expensesStart of year $207,972$264,805
X-25 Other liabilitiesStart of year $119,385$90,498
X-26 Total liabilitiesStart of year $327,357$355,303
X-27 Net assets without donor restrictionsStart of year $1,196,615$1,279,703
X-32 Total net assets or fund balancesStart of year $1,196,615$1,279,703
X-33 Total liabilities and net assetsStart of year $1,523,972$1,635,006
Part XI · Reconciliation of net assets $1,279,703 net assets at year end
XI-1 Total revenue$1,333,623
XI-2 Total expenses$1,223,449
XI-3 Revenue less expenses$110,174
XI-4 Net assets at start of year$1,196,615
XI-8 Prior period adjustments−$27,086
XI-10 Net assets at end of year$1,279,703

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

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