Downtown Aurora Visual Arts

Aurora, CO · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible
Revenue
$695K
+29% vs prior year
Spent
$791K
To programs
83%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$695K
FY2024▲ +29%
Revenue by fiscal year
FY2020$621K
FY2021$774K
FY2022$487K
FY2023$540K
FY2024$695K
Expenses
$791K
FY2024▲ +14%
Expenses by fiscal year
FY2020$532K
FY2021$604K
FY2022$702K
FY2023$696K
FY2024$791K
Net assets
$1.8M
FY2024▼ -5%
Net assets by fiscal year
FY2020$2.1M
FY2021$2.2M
FY2022$2.0M
FY2023$1.8M
FY2024$1.8M

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CDowntown Aurora Visual Arts
EINHdr · item D84-1234219
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 1993
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CAurora, CO
NTEE classificationIRS BMFArts & Culture (A400)
WebsiteHdr · item Jwww.davarts.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.16 Fundraising $0.01
Program services83%$656K
Management & general16%$128K
Fundraising1%$7K
Total functional expensesLn 25$791K

Financial health

Is it on solid ground?

Program efficiency
83%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
5.2mo
months of highly liquid reserves at operating expense rate▼ -17% vs prior filing year
Surplus margin
-14%
revenue over expenses, this year▲ +52% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.8M
FY2024▼ -3%
Total assets by fiscal year
FY2020$2.1M
FY2021$2.2M
FY2022$2.0M
FY2023$1.9M
FY2024$1.8M
Total liabilities
$51K
FY2024▲ +161%
Total liabilities by fiscal year
FY2020$10K
FY2021$11K
FY2022$29K
FY2023$19K
FY2024$51K
Revenue less expensesPt I · Ln 19−$96K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$344K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$51K
Total net assetsLn 32$1.8M
Months of cash on handcomputed5.2

Statement of Revenue

Part VIII
Contributions & grants$674K · 97%
Program service revenue$19K · 3%
Contributions & grants97%$674K
Program service revenue3%$19K
Investment income$3K
— government grantsLn 1e$214K
Total revenueLn 12$695K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $344K · Operating expenses (Pt IX) $791K · Less non-cash grants $1K · Cash operating expenses/yr $790K
5.2 months
Where the money goes
Program services
Program services $656K · Total expenses $791K
83%
Management & General
Management & general $128K · Total expenses $791K
16%
Fundraising
Fundraising $7K · Total expenses $791K
0.9%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $322K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $674K · Total revenue $695K
97%
Government reliance
Government grants $214K · Total revenue $695K
31%
Earned-income share
Program service revenue $19K · Total revenue $695K
3%
Investment reliance
Investment income $3K · Total revenue $695K
+0.4%
Program self-sufficiency
Program service revenue $19K · Total expenses $791K
2%
Growth & trend
Revenue growth (YoY)
This year $695K · Prior year $540K
+29%
Revenue CAGR
FY2020 $621K · FY2024 $695K
+3%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $695K · Expenses $791K
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
—
Net-asset ratio
Net assets $1.8M · Total assets $1.8M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Priscilla Montoya · Reported title EXECUTIVE DI · Highest reported compensation $33K · Total expenses $791K
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $441K · Total expenses $791K
56%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%——
Overhead ratio 16%——
Fundraising cost ratio 1%——
Revenue growth 29%——
Legal fee ratio 8%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$32,729Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Priscilla Montoya’s $33K as Executive Di is at the 27th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Krista Robinson—$83,200$81,500$77,000$70,000
Priscilla Montoya$32,729————

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.

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Engages diverse youth in arts education, sparking creativity, increasing opportunity, and strengthening community.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $656K of program spending, described in the organization's own filed words · FY2024.
01

Family arts serves children (ages 3-6) and PARENTS/GUARDIANS during free programming designed to increase school readiness, creativity, and motor skills. The family arts program reinforces the message that families are an integral part of community cultural development, assuring that kids of all ages have access to quality arts…

$656Kprogram expense
02

The open studio program is the main point of entry for young artists at dava. Open studio is a drop-in program for students after school, monday through friday. Participants (ages 6-14) choose from a variety of arts projects, including ceramics, drawing, painting, sculptures, collage, and mixed media projects.

Pt IX · col B
03

Job training in the arts & technology (JT) programs include studio and computer art lab arts sessions for middle school youth. JT addresses key developmental years between the ages of 11-14 through advanced arts learning and community involvement.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $695K$791K+29% 990 PDF
FY2023 $540K$696K+11% 990 PDF
FY2022 $487K$702K-37% 990 PDF
FY2021 $774K$604K+25% 990 PDF
FY2020 $621K$532K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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