Ben Colorado INC

Tax-deductible

Denver, CO501(c)(3)EducationEIN 84-4159830Revenue $643K in FY2024

On file with the IRSbencolorado.org3513 Brighton Blvd Ste 436, 80216-3807 · Denver, COTax-exempt since Nov 2020Publicly supported charity — 170(b)(1)(A)(vi)

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BEN Colorado provides educational programs and support for Chief Executive Officers in the Denver, Colorado area. These programs enable businessmen and businesswomen to strengthen and build their companies.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 75 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $112K a year · 14% 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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$259K
to officers and key staff · 35% of spending
Top officer’s pay higher than 97% of similar orgs
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$74K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$643K
-9% vs prior year
Spent
$737K
To programs
92%
Net assets
$692K
By yearFY2020–FY2024
Revenue
$643K
FY2024▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$1.0M
FY2022$576K
FY2023$710K
FY2024$643K
Expenses
$737K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$695K
FY2021$625K
FY2022$643K
FY2023$698K
FY2024$737K
Net assets
$692K
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$367K
FY2021$780K
FY2022$726K
FY2023$772K
FY2024$692K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2020.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $680K Management & general 3% · $25K Fundraising 4% · $32K

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

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Who runs it and what they're paid

11 people listed on the 990; $259K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/Director
$162,335Pt VII · Sec A
Director
$96,812Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Katrina Henze’s $162K as CEO/Director is at the 97th percentile of top reported officer pay among 1613 $100K–1M 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Katrina Henze$162,335$141,251$212,366$144,951$168,985
Greg Greenwood————$109,843
Nicole Barbera————$97,617
Mick Freeman$96,812————

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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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

Offers educational programs and support for Denver-area CEOs to strengthen and build their companies.

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Provided by the organization

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1 program · $680K · in their own filed words · FY2024
01

BEN, a 501c(3) not-for-profit, identifies promising Colorado-based companies and provides guidance, training, educational programming, and meaningful connections to help these companies scale, creating jobs and supporting Colorado's economic health.

$680Kprogram expense

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$40K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$643K
Ln 12
Gifts and grantsLn 1h$664K
Money outPt IX
$737K
Ln 25
Programscol B$680K
Managementcol C$25K
Fundraisingcol D$32K
Owns and owesPt X
$692K
net assets · Ln 32
Cash and savingsLn 1–2$684K
Total assetsLn 16$766K
LiabilitiesLn 26$74K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$664K
Government grantsLn 1e$273K
Noncash giftsLn 1g$58K
Fundraising eventsLn 1c$100K
Total revenueLn 12$643K
Assets in detailPt X, end of year
CashLn 1$684K
Cash and savings togetherLn 1–2$684K
Total assetsLn 16$766K
LiabilitiesLn 26$74K
Net assetsLn 32$692K
OperationsPt I, VI
EmployeesI 55
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$772K$684K
Total assetsLn 16$772K$766K
LiabilitiesLn 26$0$74K
Net assetsLn 32$772K$692K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$449K$449K
Pension plan contributionsLn 8$34K$34K
Other employee benefitsLn 9$41K$41K
Payroll taxesLn 10$37K$37K
Accounting feesLn 11c$10K$10K
Professional fundraising feesLn 11e$32K$32K
Other fees for servicesLn 11g$76K$76K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$7K$7K
OccupancyLn 16$7K$7K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$11K$11K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$16K$8K$8K
Total functional expensesLn 25$737K$680K$25K$32K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $643K$737K−$94K$692K 990 PDF
FY2023 $710K$698K$12K$772K 990 PDF
FY2022 $576K$643K−$66K$726K 990 PDF
FY2021 $1.0M$625K$392K$780K 990 PDF
FY2020 $1.0M$695K$318K$367K 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 FY2024 990 (6 parts)
Part I · Summary $643,229 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $708,096$664,173
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $1,492−$20,944
I-12 Total revenuePrior year $709,588$643,229
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $542,456$560,616
I-16a Professional fundraising feesPrior year $43,084$31,508
I-17 Other expensesPrior year $112,544$145,329
I-18 Total expensesPrior year $698,084$737,453
I-19 Revenue less expensesPrior year $11,504−$94,224
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $643,229 across 7 lines filed
VIII-1c Fundraising events$100,177
VIII-1e Government grants$273,133
VIII-1f All other contributions, gifts and grants$290,863
VIII-1g Noncash contributions (included above)$58,100
VIII-1h Total contributions, gifts and grants$664,173
VIII-8 Net income from fundraising eventsExcluded from tax −$20,944−$20,944
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$20,944$643,229
Part IX · Statement of functional expenses $737,453 across 14 lines filed
IX-7 Other salaries and wagesPrograms $448,664$448,664
IX-8 Pension plan contributionsPrograms $33,881$33,881
IX-9 Other employee benefitsPrograms $40,978$40,978
IX-10 Payroll taxesPrograms $37,093$37,093
IX-11c Accounting feesManagement $10,137$10,137
IX-11e Professional fundraising feesFundraising $31,508$31,508
IX-11g Other fees for servicesPrograms $76,120$76,120
IX-12 Advertising and promotionPrograms $8,148$8,148
IX-13 Office expensesManagement $7,042$7,042
IX-16 OccupancyPrograms $7,200$7,200
IX-17 TravelPrograms $6,438$6,438
IX-19 Conferences, conventions and meetingsPrograms $10,749$10,749
IX-23 InsurancePrograms $3,340$3,340
IX-24 Other expenses (24a–d)Programs $7,835 · Management $8,320$16,155
IX-25 Total functional expensesPrograms $680,446 · Management $25,499 · Fundraising $31,508$737,453
Part X · Balance sheet $765,992 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $771,965$684,063
X-3 Pledges and grants receivableStart of year $0$80,829
X-9 Prepaid expenses and deferred chargesStart of year $0$1,100
X-16 Total assetsStart of year $771,965$765,992
X-17 Accounts payable and accrued expensesStart of year $0$6,822
X-25 Other liabilitiesStart of year $0$67,333
X-26 Total liabilitiesStart of year $0$74,155
X-27 Net assets without donor restrictionsStart of year $771,965$691,837
X-32 Total net assets or fund balancesStart of year $771,965$691,837
X-33 Total liabilities and net assetsStart of year $771,965$765,992
Part XI · Reconciliation of net assets $691,837 net assets at year end
XI-1 Total revenue$643,229
XI-2 Total expenses$737,453
XI-3 Revenue less expenses−$94,224
XI-4 Net assets at start of year$771,965
XI-9 Other changes in net assets$14,096
XI-10 Net assets at end of year$691,837

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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