Denver Public Schools Foundation is a catalyst for change in dps. See schedule o.we believe our city is strengthened by every student who graduates ready to lead a successful life. As the strategic fundraising partner for Denver Public Schools, we invest in accelerating progress; we connect the community to our classrooms; and we inspire confidence in the promise of Public education for dps's more than 90,000 students and more than 200 Schools. Learn more at www.dpsfoundation.org.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 219 volunteers and 13 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
1 of 6
filings with a surplus
Average deficit $442K a year · 6% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$393K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $9.6M in investments, Pt X · Ln 11–13
Fine: 0.6 months of spending in cash, plus $9.6M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $140K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.6M
-2% vs prior year
Spent
$7.5M
To programs
75%
Net assets
$11.4M
By yearFY2020–FY2025
Revenue
$7.6M
FY2025▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.7M
FY2021$5.9M
FY2022$5.6M
FY2023$6.2M
FY2024$7.8M
FY2025$7.6M
Expenses
$7.5M
FY2025▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.8M
FY2021$6.1M
FY2022$6.2M
FY2023$6.7M
FY2024$9.2M
FY2025$7.5M
Net assets
$11.4M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.6M
FY2021$12.8M
FY2022$12.1M
FY2023$11.8M
FY2024$10.9M
FY2025$11.4M

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 Jun 1993.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $5.6M Management & general 14% · $1.1M Fundraising 11% · $817K

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

Something off? Claim to add context

Who runs it and what they're paid

28 people listed on the 990; $393K 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
Pres/CEO
$188,265Pt VII · Sec A
VP of Market
$120,413Pt VII · Sec A
$67,952Pt VII · Sec A
Pres/CEO Thr
$16,596Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sara Hazel’s $188K as Pres/CEO is at the 78th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Richard Tagle$16,596$212,458$179,804———
Sara Hazel$188,265$146,314$163,168$149,011——
Veronica Figoli Fleischer———$108,157$159,667$172,970
Kimberly Martinez——$163,599$133,850$113,120$109,885
Ashley Muramoto$120,413$131,950$118,954———
Jennifer Struthers-Johnson$67,952$48,960————

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 Public Schools Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Raises and invests funds to support transformative educational programs, resources, and community partnerships for Denver Public Schools' students and classrooms.

Questions for Denver Public Schools Foundation

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

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

Provided by the organization

Know this org? Add your story

1 program · $5.6M · in their own filed words · FY2024
01

DPS foundation collaborated with foundations, corporations, parents, educators, alumni, and other members of the community to invest in programs and schools across denver. Supported by our ever-increasing donor base, DPS foundation granted nearly 5.4 million to DPS for priority programs and critical needs in 2024-25.

$5.6Mprogram 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 3 funders$140K
See all 3 funders →
Grants paid · 13 grants · $32.9M · 2019–2024
Denver Public and Charter SchoolsFY2024$4,893,135
Unitemized GrantFY2024$6,000
Denver Public and Charter SchoolsFY2023$6,920,375
Unitemized GrantFY2023$20,000
Denver Tennis Park INCCO · FY2023$6,000
Unitemized GrantFY2023$2,143
Denver Public and Charter SchoolsFY2022$4,657,649
Grantmakers for EducationOR · FY2022$15,000
Denver Public SchoolsFY2021$4,745,140
Denver Public SchoolsFY2020$4,954,359
Denver Public SchoolsFY2019$6,522,803

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$7.6M
Ln 12
Gifts and grantsLn 1h$7.1M
Investment incomeLn 3$474K
Other incomeLn 4–11$7K
Money outPt IX
$7.5M
Ln 25
Programscol B$5.6M
Managementcol C$1.1M
Fundraisingcol D$817K
Owns and owesPt X
$11.4M
net assets · Ln 32
Cash and savingsLn 1–2$347K
Total assetsLn 16$13.0M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
28
listed · VII A
PaidVII A4
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.1M
Noncash giftsLn 1g$478K
Fundraising eventsLn 1c$881K
Investment incomeLn 3$474K
Other incomeLn 4–11$7K
Gains on assetsLn 7$26K
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
CashLn 1$194K
SavingsLn 2$152K
Cash and savings togetherLn 1–2$347K
InvestmentsLn 11–13$9.6M
Other assetsLn 15$2.8M
Total assetsLn 16$13.0M
LiabilitiesLn 26$1.6M
Net assetsLn 32$11.4M
OperationsPt I, VI
EmployeesI 513
VolunteersI 6219
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$1.8M$347K
InvestmentsLn 11–13$10.7M$9.6M
Total assetsLn 16$15.3M$13.0M
LiabilitiesLn 26$4.3M$1.6M
Net assetsLn 32$10.9M$11.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.4M$5.4M
Grants to domestic individualsLn 2$6K$6K
Pay of current officers, directors and key staffLn 5$225K$34K$124K$67K
Other salaries and wagesLn 7$1.0M$106K$419K$493K
Pension plan contributionsLn 8$52K$5K$21K$25K
Other employee benefitsLn 9$125K$13K$53K$59K
Payroll taxesLn 10$105K$12K$46K$48K
Lobbying feesLn 11d$20K$20K
Investment management feesLn 11f$68K$68K
Other fees for servicesLn 11g$84K$26K$22K$36K
Office expensesLn 13$127K$117K$10K
TravelLn 17$31K$21$23K$8K
Other expenses (24a–d)Ln 24$289K$23K$195K$71K
Total functional expensesLn 25$7.5M$5.6M$1.1M$817K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $7.6M$7.5M$117K$11.4M 990 PDF
FY2024 $7.8M$9.2M−$1.4M$10.9M 990 PDF
FY2023 $6.2M$6.7M−$515K$11.8M 990 PDF
FY2022 $5.6M$6.2M−$579K$12.1M 990 PDF
FY2021 $5.9M$6.1M−$176K$12.8M 990 PDF
FY2020 $7.7M$7.8M−$108K$12.6M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $7,620,597 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,288,623$7,139,679
I-9 Program service revenue$0
I-10 Investment incomePrior year $508,087$473,688
I-11 Other revenue$7,230
I-12 Total revenuePrior year $7,796,710$7,620,597
I-13 Grants and similar amounts paidPrior year $6,949,118$5,359,189
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,405,467$1,525,195
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $830,294$619,634
I-18 Total expensesPrior year $9,184,879$7,504,018
I-19 Revenue less expensesPrior year −$1,388,169$116,579
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
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 $7,620,597 across 8 lines filed
VIII-1c Fundraising events$880,812
VIII-1f All other contributions, gifts and grants$6,258,867
VIII-1g Noncash contributions (included above)$477,814
VIII-1h Total contributions, gifts and grants$7,139,679
VIII-3 Investment incomeExcluded from tax $447,567$447,567
VIII-7 Net gain or loss on sales of assetsExcluded from tax $26,121$26,121
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $7,230$7,230
VIII-12 Total revenueExcluded from tax $480,918$7,620,597
Part IX · Statement of functional expenses $7,504,018 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $5,353,189$5,353,189
IX-2 Grants to domestic individualsPrograms $6,000$6,000
IX-5 Pay of current officers, directors and key staffPrograms $33,693 · Management $123,540 · Fundraising $67,386$224,619
IX-7 Other salaries and wagesPrograms $106,064 · Management $419,022 · Fundraising $493,129$1,018,215
IX-8 Pension plan contributionsPrograms $5,356 · Management $21,224 · Fundraising $25,489$52,069
IX-9 Other employee benefitsPrograms $13,456 · Management $52,782 · Fundraising $59,065$125,303
IX-10 Payroll taxesPrograms $11,722 · Management $45,580 · Fundraising $47,687$104,989
IX-11d Lobbying feesPrograms $20,000$20,000
IX-11f Investment management feesManagement $68,371$68,371
IX-11g Other fees for servicesPrograms $25,725 · Management $22,466 · Fundraising $35,538$83,729
IX-13 Office expensesManagement $116,817 · Fundraising $10,339$127,156
IX-17 TravelPrograms $21 · Management $23,212 · Fundraising $7,864$31,097
IX-24 Other expenses (24a–d)Programs $23,497 · Management $194,894 · Fundraising $70,890$289,281
IX-25 Total functional expensesPrograms $5,598,723 · Management $1,087,908 · Fundraising $817,387$7,504,018
Part X · Balance sheet $12,978,105 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,650,485$194,434
X-2 Savings and temporary cash investmentsStart of year $149,488$152,227
X-3 Pledges and grants receivableStart of year $343,377$266,260
X-9 Prepaid expenses and deferred chargesStart of year $19,000$15,000
X-11 Publicly traded securitiesStart of year $10,487,906$9,339,554
X-12 Other securitiesStart of year $220,130$242,663
X-15 Other assetsStart of year $2,420,481$2,767,967
X-16 Total assetsStart of year $15,290,867$12,978,105
X-17 Accounts payable and accrued expensesStart of year $19,146$33,547
X-18 Grants payableStart of year $3,411,756$1,149,724
X-25 Other liabilitiesStart of year $912,402$416,073
X-26 Total liabilitiesStart of year $4,343,304$1,599,344
X-27 Net assets without donor restrictionsStart of year $4,962,992$6,222,735
X-28 Net assets with donor restrictionsStart of year $5,984,571$5,156,026
X-32 Total net assets or fund balancesStart of year $10,947,563$11,378,761
X-33 Total liabilities and net assetsStart of year $15,290,867$12,978,105
Part XI · Reconciliation of net assets $11,378,761 net assets at year end
XI-1 Total revenue$7,620,597
XI-2 Total expenses$7,504,018
XI-3 Revenue less expenses$116,579
XI-4 Net assets at start of year$10,947,563
XI-5 Net unrealized gains (losses) on investments$526,424
XI-9 Other changes in net assets−$211,805
XI-10 Net assets at end of year$11,378,761

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.

Your org? Add context

Made it to the end? Claim this org

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.