Defend Colorado EIN 83-3211413 Form 990 (PDF) Claim this org

Defend Colorado FY2022 filing

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Researches and analyzes Colorado's economy, promoting policies to strengthen it. For fiscal year 2022 it reported $1.4M in revenue, $3.4M in expenses, and $256K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Centennial, CO
Filings
4 on file (2021–2022)
Revenue
$1.4MFY2022
Expenses
$3.4M
Net assets
$256K
People
1
Filings
4
Updates
0
More identity details & actions ⌄
EIN  83-3211413 Unknown exempt organization Centennial, CO
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Researches and analyzes Colorado's economy, promoting policies to strengthen it.
Leadership
Katie Kennedy · Director
Money in and out
$1.4M revenue, $3.4M expenses
Bottom line
-135% surplus margin
Reported financial activity · FY2022
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$3.4M
Pt IX · Ln 25
Net assets
$256K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.9M
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Surplus margin
-135%
revenue over expenses, this year
Program spending
100%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.4M
FY2022▼ -56%
Expenses
$3.4M
FY2022▲ +152%
Total assets
$256K
FY2022▼ -88%
Total liabilities
$0
FY2022
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$3.4M
Pt IX · Ln 25
Net assets
$256K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.9M
Total assetsPt X · Ln 16$256K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 41

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDefend Colorado
EINHdr · item D83-3211413
Principal addressHdr · item CCentennial, CO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Defend Colorado executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $3.4M of program spending, described in the organization's own filed words · FY2022.
01

General education and litigation program opposing state legislation and policies that negatively impact the colorado state economy.

$3.4Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$1.4M
Investment income$1K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$3.4M
Management & general$2K
Total functional expensesLn 25$3.4M

Balance Sheet

Part X · end of year
CashLn 1$256K
Total assetsLn 16$256K
Total liabilitiesLn 26$0
Total net assetsLn 32$256K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $256K · Operating expenses/yr $3.4M
0.9 months
Where the money goes
Program services
Program services $3.4M · Total expenses $3.4M
100%
Management & General
Management & general $2K · Total expenses $3.4M
0.05%
Fundraising
Fundraising $0 · Total expenses $3.4M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $2.4M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $1.4M
100%
Government reliance
Government grants — · Total revenue $1.4M
Earned-income share
Program service revenue $0 · Total revenue $1.4M
0%
Investment reliance
Investment income $1K · Total revenue $1.4M
+0.08%
Program self-sufficiency
Program service revenue $0 · Total expenses $3.4M
0%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $3.3M
-56%
Net-asset trend (YoY)
End of year $256K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $3.4M
-135%
Liabilities-to-Assets
Total liabilities — · Total assets $256K
Net-asset ratio
Net assets $256K · Total assets $256K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $256K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Katie Kennedy · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $3.4M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $3.4M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0.05%
Fundraising cost ratio 0%
Revenue growth -56%
Legal fee ratio 15%
Accounting fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Advance ColoradoFY2024$500K
Total grants receivedfrom 3 funders$690K
See all 3 funders →
Grants paid · 16 grants · $6.1M · 2021–2024
Unite for ColoradoCO · FY2024$109,271
Safety and Justice for All PAFY2024$95,000
Aurorans for Safe and ProsperousFY2023$626,000
No on HhFY2023$600,000
Voter Approval on Proprty Tax INCFY2023$600,000
Unite for ColoradoCO · FY2023$525,000
Citizens for Responsible LeadershipFY2023$465,000
Citizens for Protecting Our WaterFY2023$100,000
Citizens for Elizabeth Property RightsFY2023$46,875
Defend IecFY2022$1,316,250
Unite for ColoradoCO · FY2022$994,489
Colorado CharacterFY2021$250,000
Lets DO Better Issue CommitteeFY2021$117,500
Enough Taxes Already Issue CommitteeFY2021$112,799
Safe and Sound DenverCO · FY2021$90,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$905K revenue · ⤓ 990 PDF
FY2023$3.0M revenue · ⤓ 990 PDF
FY2022$1.4M revenue · viewing · ⤓ 990 PDF
FY2021$3.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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