Destination Granby EIN 92-1416155 Form 990 (PDF) Claim this org

Destination Granby

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Connects people, places, and businesses to foster a dynamic economy and vibrant downtown. For fiscal year 2024 it reported $663K in revenue, $702K in expenses, and $118K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Granby, CO
Website
destinationgranby.com
Filings
2 on file (2023–2024)
Revenue
$663KFY2024
Expenses
$702K
Net assets
$118K
People
10
Filings
2
Updates
0
More identity details & actions ⌄
EIN  92-1416155 Public charity (501(c)(3)) Granby, CO
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects people, places, and businesses to foster a dynamic economy and vibrant downtown.
Leadership
Amy Kaplanis · President - Former
Money in and out
$663K revenue, $702K expenses
Bottom line
95% program efficiency
Where the money goes · FY2024
Total revenue
$663K
Pt VIII · Ln 12
Total expenses
$702K
Pt IX · Ln 25
Net assets
$118K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$39K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05 Fundraising $0.00
Program efficiency
95%
of spending reaches programs+0.5% vs prior filing year
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate▼ -16% vs prior filing year
Surplus margin
-6%
revenue over expenses, this year▼ -129% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$663K
FY2024▼ -14%
Expenses
$702K
FY2024▲ +15%
Total assets
$203K
FY2024▼ -15%
Total liabilities
$85K
FY2024▲ +5%
Total revenue
$663K
Pt VIII · Ln 12
Total expenses
$702K
Pt IX · Ln 25
Net assets
$118K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$39K
Total assetsPt X · Ln 16$203K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $645K of program spending, described in the organization's own filed words · FY2024.
01

Destination Granbys main activity is year-round events. Events include a 3-day ice fishing contest and is conducted on nearby lakes including Lake Granby. Other events are managed within the city limits of town and include 4th of July celebrations (parade, party and concert in the town park, and a family bike parade), Music & Market…

$480Kprogram expense
02

A second activity is offering marketing promotions to many small businesses in Granby, which otherwise may not be able to afford marketing expenses. The activity of promoting our local businesses, events and attractions is conducted throughout local media resources, our website, our social media channels, digital platforms and Colorado…

$139Kprogram expense
03

Destination Granby operates the Town of Granbys Information Center which serves both locals and visitors. The activity is conducted at the home office of Destination Granby.

$26Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDestination Granby
EINHdr · item D92-1416155
Principal addressHdr · item CGranby, CO
WebsiteHdr · item Jdestinationgranby.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFJan 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President - Former
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director - Former
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$486K · 73%
Program service revenue$163K · 25%
Investment income$4K · 1%
Other revenue$10K · 1%
Contributions & grants73%$486K
Program service revenue25%$163K
Investment income1%$4K
Other revenue1%$10K
— government grantsLn 1e$484K
Total revenueLn 12$663K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05 Fundraising $0.00
Program services95%$668K
Management & general5%$34K
Fundraising$254
Total functional expensesLn 25$702K

Balance Sheet

Part X · end of year
CashLn 1$157K
Total assetsLn 16$203K
Total liabilitiesLn 26$85K
Total net assetsLn 32$118K
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $157K · Operating expenses (Pt IX) $702K · Less non-cash grants $6K · Cash operating expenses/yr $696K
2.7 months
Where the money goes
Program services
Program services $668K · Total expenses $702K
95%
Management & General
Management & general $34K · Total expenses $702K
5%
Fundraising
Fundraising $254 · Total expenses $702K
0.04%
Cost to raise $1
Fundraising expense (2-yr avg) $127 · Solicited contributions (2-yr avg) $81K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $486K · Total revenue $663K
73%
Government reliance
Government grants $484K · Total revenue $663K
73%
Earned-income share
Program service revenue $163K · Total revenue $663K
25%
Investment reliance
Investment income $4K · Total revenue $663K
+0.6%
Program self-sufficiency
Program service revenue $163K · Total expenses $702K
23%
Growth & trend
Revenue growth (YoY)
This year $663K · Prior year $768K
-14%
Net-asset trend (YoY)
End of year $118K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $663K · Expenses $702K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $203K
Net-asset ratio
Net assets $118K · Total assets $203K
58%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $203K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Brad Ray · Reported title Vice President · Highest reported compensation $0 · Total expenses $702K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $274K · Total expenses $702K
39%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0.05%
Revenue growth -14%
Legal fee ratio 0.05%
Accounting fee ratio 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.

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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)$663K revenue · viewing · ⤓ 990 PDF
FY2023$768K revenue · ⤓ 990 PDF

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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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