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HomeMy WebLinkAboutStudy Session Agenda Packet 03-06-17 STUDY SESSION AGENDA CITY COUNCIL CITY OF WHEAT RIDGE, COLORADO 7500 W. 29th Ave. Wheat Ridge CO March 6, 2017 6:30 p.m. Individuals with disabilities are encouraged to participate in all public meetings sponsored by the City of Wheat Ridge. Call Sara Spaulding, Public Information Officer 303-235-2877 at least one week in advance of a meeting if you are interested in participating and need inclusion assistance. Citizen Comment on Agenda Items 1. Staff Report(s) 2. Localworks Update 3. I-70/Kipling Environmental Assessment Update 4. Update on the expiration of the moratorium of freestanding emergency rooms 5. Elected Officials’ Report(s) ADJOURNMENT Memorandum TO: Mayor and City Council FROM: Patrick Goff, City Manager DATE: March 1, 2017 (for March 6, 2017 Study Session) SUBJECT: Localworks Update Britta Fisher, Executive Director of Localworks, will provide an update to City Council on Localworks’ finances and activities. Attached are an independent auditor’s report for the years 2015 and 2016, a completed IRS Form 990 tax-exempt return for the 2015 fiscal year, and the City’s Localworks budget from 2013 to 2017. WHEAT RIDGE 2020, INC. dba LOCAL WORKS FINANCIAL ST A TEMENTS WITH INDEPENDENT AUDITOR'S REPORT JUNE 30, 2016 AND 2015 INDEPENDENT AUDITOR'S REPORT FINANCIAL STATEMENTS STATEMENTS OF FINANCIAL POSITION STATEMENTS OF ACTIVITIES STATEMENTS OF CASH FLOWS NOTES TO FINANCIAL STATEMENTS CONTENTS SUPPLEMENTAL SCHEDULE OF FUNCTIONAL EXPENSES Page 1-2 3 4 5 6 -14 15 INDEPENDENT AUDITOR'S REPORT To the Board of Directors of Wheat Ridge 2020, Inc. dba Localworks Report on the Financial Statements We have audited the accompanying financial statements of Wheat Ridge 2020, Inc. dba Localworks (a nonprofit organization) which comprise the statements of financial position as of June 30, 2016 and 2015 and the related statements of activities and cash flows for the years then ended, and the related notes to the financial statements. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Wheat Ridge 2020, Inc. dba Localworks as of June 30, 2016 and 2015, and the changes in its net assets and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America. Certified Public Accountants 215 Union Boulevard Suite 215 Lakewood, CO 80228 T 303-232-2262 F 303-232-7237 To the Board of Directors of Wheat Ridge 2020, Inc. dba Localworks Report on Supplementary Information Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The schedule of functional expenses is presented for purposes of additional analysis and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole. Lakewood, Colorado September 27, 2016 2 Wheat Ridge 2020, Inc. dba Localworks STATEMENTS OF FINANCIAL POSITION June 30, 2016 and 2015 June 30, 2016 ASSETS Cash and cash equivalents $ 855,491 Receivables 111,995 Prepaid expenses and other assets 4,117 Property improvement loans receivable 160,997 Property acquired for residential redevelopment program, net 382,728 Office furniture and equipment, net 1,106 Total assets $ 1,516,434 LIABILITIES Accounts payable $ Accrued expenses and other liabilities 23,650 Notes payable to financial institutions 37,704 Total liabilities 61,354 NET ASSETS Unrestricted net assets Undesignated 489,870 Invested in property improvement loans 160,997 Invested in residential redevelopment program, net of related notes payable 345,024 Total unrestricted net assets 995,891 Temporarily restricted net assets 459,189 Permanently restricted net assets Total net assets 1,455,080 Total liabilities and net assets $ 1,516,434 $ $ $ $ The accompanying notes are an integral part of the financial statements. 3 June 30, 2015 739,538 93,605 1,248 212,579 383,699 2,552 1,433,221 23,556 57,205 80,761 445,771 212,579 326,494 984,844 367,616 1,352,460 1,433,221 Wheat Ridge 2020, Inc. dba Localworks STATEMENTS OF ACTIVITIES For the years ended June 30, 2016 and 2015 FY 2015 -2016 FY 2014-2015 Tem11oraril:,:: Tem11oraril:,:: Unrestricted Restricted Total Unrestricted Restricted Total REVENUES AND SUPPORT Direct public support $ 11,997 $ -$ 11,997 $ 2,323 $ -$ 2,323 Donated goods and services 80,996 80,996 24,441 24,441 Government grants 466,254 466,254 316,673 316,673 Program income 24,027 24,027 16,099 16,099 Interest on cash balances 791 791 845 845 Rental income 30,704 30,704 29,026 29,026 Special event revenues 71,454 71,454 36,777 36,777 Recoveiy of impaired loans 2,260 2,260 Net assets released from restriction due to satisfaction of expenditure requirements 374,681 (374,681) 275,909 (275,909) TOTAL REVENUES AND SUPPORT 594,650 91,573 686,223 387,680 40,764 428,444 EXPENSES Program services 429,649 429,649 292,683 292,683 Supporting services 153,954 153,954 106,217 106,217 TOTAL EXPENSES 583,603 583,603 398,900 398,900 INCREASE (DECREASE) IN NET ASSETS 11,047 91,573 102,620 {11,220) 40,764 29,544 NET ASSETS AT BEGINNING OF YEAR 984,844 367,616 1,352,460 996,064 326,852 1,322,916 NET ASSETS AT END OF YEAR $ 995,891 $ 459,189 $ 1,455,080 $ 984,844 $ 367,616 $ 1,352,460 The accompanying notes are an integral part of the financial statements. 4 Wheat Ridge 2020, Inc. dba Localworks STATEMENTS OF CASH FLOWS For the years ended June 30, 2016 and 2015 FY 2015 -FY 2014- 2016 2015 CASH FLOWS FROM OPERA TING ACTIVITIES Change in net assets $ 102,620 $ 29,544 Adjustments to reconcile change in net assets to net cash provided by operating activities: Depreciation and amortization 3,264 4,007 (Increase) decrease in assets: Receivables (18,390) (16,881) Prepaid expenses and other assets (2,869) 3,514 Advances on property improvement loans receivable (40,300) (3,241) Receipts on property improvement loans receivable 91,882 73,025 Increase (decrease) in liabilities: Accounts payable 2,407 (480) Accrued expenses and other liabilities (2,313) (1,002) Net cash provided by operating activities 136,301 88,486 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property and equipment (622) Net cash provided by (used in) investing activities (622) CASH FLOWS FROM FINANCING ACTIVITIES Repayments on notes payable (20,348) (19,524) Net cash used in financing activities (20,348) (19,524) Net increase in cash and cash equivalents 115,953 68,340 Cash and cash equivalents, beginning of year 739,538 671,198 Cash and cash equivalents, end of year $ 855,491 $ 739,538 Additional cash flow disclosures: Amounts paid for interest $ 1,995 $ 2,954 Amounts paid for income taxes $ $ The accompanying notes are an integral part of the financial statements. 5 Wheat Ridge 2020, Inc. dba Localworks NOTES TO FINANCIAL ST A TEMENTS June 30, 2016 and 2015 1. Nature of operations, functions and program services Nature of operations Wheat Ridge 2020, Inc. dba Localworks' mission is to advance Wheat Ridge as a vibrant and sustainable community. Wheat Ridge 2020, Inc. was created after the City of Wheat Ridge adopted the Neighborhood Revitalization Strategy in 2005. The use of the tradename Localworks was adopted during 2016. Localworks is a catalyst and partner in economic and community development serving Wheat Ridge. In its current strategic plan, Localworks identifies its priorities as: Encourage Development, Community Building and Identity and Organizational Sustainability. Description of program services Localworks has many programs designed to further its mission. The following is a brief summary of the primary programs: Community Building Events Localworks presents events that position Wheat Ridge in the broader Denver metro area and that introduce new customers to our businesses. The Wheat Ridge Mid-Century and Modem Home Tour features beautiful mid-century homes in Wheat Ridge neighborhoods. This event draws enthusiasts from across the metro area to see inside some of Wheat Ridge's prime mid-century and modem homes. The Realtor Tour hosts Realtors from throughout the metro area and provides them a new look at Wheat Ridge. The tour provides the latest information on Wheat Ridge and our neighborhoods to the people that need to know this information for their business. Live Local Wheat Ridge is a program with several components all designed to connect local residents and businesses. Live Local Dines is an event series that brings area residents to a local Wheat Ridge restaurant each month. Prizes, entertainment and discounts are offered to draw new people to the area and the business. This program supports community building as well. Live Local Active promotes a healthy and active community through events such as a fitness challenges, yoga in the park, and bicycle cruiser crawls. Live Local Harvest connects locals with a passion for growing food and using local ingredients. Live Local Harvest has hosted a food and film series, produce exchanges, workshops and gatherings. The Welcome to Wheat Ridge Tour introduces new residents to the whole community and the Explore Wheat Ridge Tour similarly shows off Wheat Ridge amenities to a diverse crowd. Ridge at 38 is the downtown of Wheat Ridge. Ridge at 38 is a program of Localworks that encourages development and the use of 38th avenue as a main street. Major events include the Ridge at 38 Criterium, Ridgefest, Trunk or Treat, Friday Night Live and the Holiday Celebration at Ridge at 38. Major marketing pieces have included street banners, RidgeAt38.com and the Ridge at 38 app through Android and Apple stores. 6 Wheat Ridge 2020, Inc. dba Localworks NOTES TO FINANCIAL STATEMENTS June 30, 2016 and 2015 The Wheaties Academy is a community leadership capacity building program. Residents accepted into the class work together to tum inspiration into action. Team projects included shining a spotlight on the wetlands of Wheat Ridge through Connect 2 Creek and building up neighborhood comradery through block parties and gratitude demonstrations. The campaign can be followed at #WheatiesLove. Localworks Home Loans The home loans are administered by Local works. The purpose of the program is to update the appearance, safety, energy efficiency of residential properties, and to make interior improvements in order to improve the overall residential environment within targeted neighborhoods. The long-term goal of the Home Loan program is to create an environment that will continue to attract new investors and residents to the community. The Home Loan program offers loans in a service and target area. The loans are for up to 80% of the cost of home renovations with loan amounts ranging from $5,000 to $30,000. The loans offered will have no-interest for the first year and 4% interest for years two through ten; they are 10-year notes with a 20-year amortization schedule. Eligible project costs include exterior facade improvements, landscaping, interior renovations, energy improvements, and structural, mechanical, and electrical repairs. All projects must include exterior improvements visible from the street. Localworks Business Loans The purpose of the Business Loan Program is to provide a local incentive to reinvest or establish new businesses in the community. Eligible properties must be in the program's current priority area within the City. The loans are for up to 80% of the cost of business renovations with loan amounts ranging from $10,000 to $50,000. The loans offered have no-interest for the first year and 4% interest for years two through five; they are 5-year notes with up to a 20-year amortization schedule. The notes may also be structured to better work with Small Business Administration loans with a 10-year option with additional terms and conditions. Eligible project costs include exterior facade improvements, interior renovations, new building improvements, major renovations, and small business equipment purchases. All projects must be on the 38th Avenue corridor and must include exterior improvements visible from the street. Community development programs From time-to-time, Localworks offers community grants to improve targeted areas within the City. The purpose of these programs is to encourage home and business owners to improve their city. Localworks may offer different opportunities throughout the year to help facilitate this program. A program aimed at enhancing neighborhoods in Wheat Ridge is the Dumpster Days program. The goal of this program is to have neighborhood partners organize and lead a weekend neighborhood cleanup. Localworks will supply a dumpster to a neighborhood partner who submits an application identifying interest, and participation of at least five members of their neighborhood, in a cleanup effort. 7 Wheat Ridge 2020, Inc. dba Localworks NOTES TO FINANCIAL STATEMENTS June 30, 2016 and 2015 A program aimed at encouraging neighborhood camaraderie and a reward for working hard to clean up their neighborhood, is the Neighborhood Block Party Grant Program. The neighborhood is granted monies to bring the people on the block together to have a barbeque, play games, meet their neighbors, and learn about the programs and services that Localworks has to offer. The East Wheat Ridge Program has been a partnership with the Wheat Ridge Police Department and after much success has been expanded to become TLC Wheat Ridge. Together we have worked to reduce crime and improve the attractiveness of property in the area between the targeted neighborhoods of East Wheat Ridge, Clearvale and Clear Creek Station. Neighborhood meetings and improvements are coordinated to help facilitate progress. The most visible aspect of the program is Clean Up Day when over a dozen 30- yard dumpsters are delivered to each neighborhood to aide in cleaning up junk. The Ranch Design Manual is a publication available through Localworks that helps homeowners dream and visualize new ways of thinking about their home. Over 80% of the single family homes in Wheat Ridge are ranch homes. This manual showcases layouts and remodeling ideas for ranch homes of all kinds and sizes. There is also a Landscape Design Manual that helps residents understand how to phase landscaping and what plant materials do well in Wheat Ridge. Residential and commercial real property redevelopment programs Localworks has participated in the redevelopment of residential and commercial properties within the City and similar programs to support redevelopment. Localworks did not actively participate in redevelopment or similar programs during the years ended June 30, 2016 and 2015. Wheat Ridge Business District (WRBD) entered into an agency agreement in which Localworks agrees to provide staff, resources, and management to promote the programs offered through the WRBD. WRBD's programs include grant programs for fa~ade, sign, accessibility, landscape, and design assistance to help businesses located in the City of Wheat Ridge. Localworks receives a portion of WRBD's grant revenue and interest income. 2. Summary of significant accounting policies Basis of accounting The financial statements have been prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles. The significant accounting policies followed are described below to enhance the usefulness of the financial statements to the reader. Basis of presentation Localworks reports information regarding its financial position and activities according to three classes of net assets: unrestricted net assets, temporarily restricted net assets, and permanently restricted net assets. 8 Cash and cash equivalents Wheat Ridge 2020, Inc. dba Localworks NOTES TO FINANCIAL STATEMENTS June 30, 2016 and 2015 For purposes of the Statement of Cash Flows, Localworks considers all highly liquid investments available for current use with an initial maturity of three months or less to be cash equivalents. Cash and cash equivalents do not include restricted cash, or cash temporarily or permanently restricted for long term purposes. From time-to-time, Localworks has cash-in-bank in excess of federally secured limits. Localworks has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents. Functional allocation of expenses The costs of providing the various programs and other activities have been summarized on a functional basis in the Statements of Activities. Accordingly, certain costs have been allocated among the programs and supporting services benefited based on specific identification. Other indirect costs have been allocated based on the relationship to certain direct costs. Income taxes Localworks was organized pursuant to the Colorado Nonprofit Corporation Act in 2005. Localworks is a membership organization operated under the Colorado Statutes for Not for Profit Organizations (Title 7, Article 21). Localworks is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Income from certain activities not directly related to the tax-exempt purpose of Local works, could be subject to taxation as unrelated business income. As of June 30, 2016, the Company had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. The Company's tax returns from the prior three years are subject to review by the appropriate taxing authorities. Interest on property improvement loans Localworks accounts for loans of cash pursuant to the Home and Business Loan programs that are interest free and/or have below-market interest rates by reporting interest income and program expense. Property improvement loans receivable Loans receivable are stated at their principal amount outstanding less the related allowance for doubtful accounts. Interest income on loans is accrued and credited to income based on the principal amount outstanding. The accrual of interest income is discontinued when, in management's judgment, the scheduled interest may not be collectible within the stated term of the loan. Interest income is recognized on a cash basis for loans classified as nonaccrual loans, with subsequent payments applied first to interest and fees, if any, and then to principal. Loans classified as nonaccrual loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Management's periodic evaluation of the adequacy of the allowance is based on Localworks' past loan loss experience, specific impaired loans, adverse situations that may affect the borrower's ability to repay, estimated value of any underlying collateral, and current economic conditions. Loans are considered impaired if full principal or interest payments are not anticipated in accordance with the contractual terms. Localworks' practice is to charge off any loan or portion of a loan when the loan is determined by management to be uncollectible due to the borrower's failure to meet repayment terms, the borrower's deteriorating or deteriorated financial condition, the depreciation of the underlying collateral, or for other reasons. 9 Property and equipment, net Wheat Ridge 2020, Inc. dba Localworks NOTES TO FINANCIAL STATEMENTS June 30, 2016 and 2015 The property acquired as a result of Localworks's residential redevelopment program is carried at cost, which is the sum of the initial purchase cost plus capitalized costs associated with improving the properties. Localworks evaluates the carrying value of the properties acquired for the residential redevelopment program annually. The fair value of the properties is determined primarily using comparisons to similar properties and the advice of real estate professionals. If the carrying amount of the properties exceeds their fair value, then the amount of the impairment loss must be measured. The impairment loss would be calculated by comparing the implied fair value of the properties less selling costs to their carrying amount. An impairment loss is recognized when the carrying amount of the properties exceeds its implied fair value. Local works' s evaluation of the properties acquired for residential redevelopment program for the years ended June 30, 2016 and 2015 did not result in the recording of any impairment losses. Assets capitalized as property and equipment are recorded at cost, or if donated, at market value on the date of donation. Localworks capitalizes assets with a cost basis of $500 or greater. Depreciation is computed using the straight line method over the following estimated useful lives: Receivables Buildings and improvements Computers and software Office furniture and equipment 15-39 years 3 years 3-7 years Receivables are stated at the amount management expects to collect from outstanding balances. Based on management's assessment of the credit history with those with outstanding balances and current relationships with them, it has concluded that realization of losses on balances outstanding at year end will be immaterial. There were no receivables that were 90 days or more past due at June 30, 2016 or 2015. Reclassifications Certain accounts in the prior year financial statements have been reclassified for comparative purposes to conform with the presentation in the current year financial statements. Such reclassifications had no effect on previously reported change in net assets. Revenues and support Revenue is recognized when earned, and support when contributions are made, which may be when cash is received, unconditional promises are made, or ownership of donated assets is transferred to Localworks. Local works reports receipts of revenues and support as restricted support if they are received with donor stipulations that limit the use of the donated amounts. When a stipulated time restriction ends or purpose restriction is satisfied, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the Statements of Activities as satisfaction of purpose restrictions. Receipts of revenues and support are reported as increases in temporarily restricted net assets if the restrictions expire in the reporting period in which the revenues and support is recognized. 10 Wheat Ridge 2020, Inc. dba Localworks NOTES TO FINANCIAL STATEMENTS June 30, 2016 and 2015 A substantial number of volunteers have donated services to Localworks' program services during the year; however, these donated services are not reflected in the financial statements since they did not require specialized skills. Use of estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Significant estimates in these financial statements include the allocation of expenses on a functional basis, fair value estimates in determining impairment, and estimated useful lives of long-lived assets. 3. Property improvement loans receivable The following presents a reconciliation of the carrying value of the notes receivable related to the Localworks Home Loans program: 2015-2014- 2016 2015 Balance as of July 1, 2015 and 2014 $ 28,567 $ 42,803 Advances made 40,300 2,167 Principal repayments received (30.566) (1 6,403) Balance as of June 30, 2016 and 2015 $ 38,301 $ 28,567 The following presents a reconciliation of the carrying value of the notes receivable related to the Localworks Business Loans program: 2015-2014- 2016 2015 Balance as of July l, 2015 and 2014 $ 184,012 $ 239,560 Advances made 1,074 Principal repayments received (61,316) (56,622) Balance as of June 30, 2016 and 2015 $ 122,626 $ 184,012 The following table presents credit exposure by performance status for the year ended June 30, 2016. Status for performing and nonperforming loans is based on payment activity for the year ended June 30, 2016. Payment activity is reviewed by management on a monthly basis to determine how loans are performing. Loans are considered to be nonperforming when the number of days delinquent is greater than 90 days. As of June 30, 2016 and 2015, there are no loans which are classified as non- current and/or non-accruing. Performing Nonperforming Total loans 11 $ 160,997 $ 160,997 4. Property and equipment. net Wheat Ridge 2020, Inc. dba Localworks NOTES TO FINANCIAL STATEMENTS June 30, 2016 and 2015 From time-to-time, Localworks has purchased real estate in order to elevate the housing market in the City of Wheat Ridge and to demonstrate the impact the residential redevelopment program could have on the community. The following summarizes Localworks' property acquired for the residential redevelopment program at June 30: Residential property Accumulated depreciation $ 388,001 $ (5.273 ) $ 382.728 $ 388,001 (4.302) 383.699 Localworks has leased the units acquired for the residential redevelopment program. At June 30, 2016 there are no leases that mature after June 30, 2017. At June 30, 2016, Local works holds lease deposits related to these leases of $3,550. The following summarizes Localworks's office furniture and equipment at June 30: 2016 2015 Office furniture and equipment $ 44,120 $ 44,120 Accumulated depreciation {43 ,014) (41 ,568) $ 1,106 $ 2,ill Depreciation incurred for the years ended June 30, 2016 and 2015, was $2,417 and $3,159, respectively. 5. Notes payable to financial institutions The following summarizes the notes payable as of June 30: Note payable to First Bank of Wheat Ridge in the original amount of $40,000. The note payable refinanced a portion of an obligation payable to an individual. The note is secured by specifically identified real property. Interest accrues at a rate of 4.125%. The note calls for 84 payments of interest and principal which are due monthly in the amount of $54 7. The note matures on July 1, 2018. Note payable to First Bank of Wheat Ridge in the original amount of $40,000. The note payable refinanced a portion of an obligation payable to an individual. The note is secured by specifically identified real property. Interest accrues at a rate of 4%. The note calls for 84 payments of interest and principal which are due monthly in the amount of $549. The note matures on July 1, 2018. 12 $ 13,131 $ 19,045 13,094 19,002 Wheat Ridge 2020, Inc. dba Localworks NOTES TO FINANCIAL STATEMENTS June 30, 2016 and 2015 Note payable to First Bank of Wheat Ridge in the original amount of $56,000. The note payable refinanced a line of credit. The note payable is secured by specifically identified real property. Interest accrues at 4.25%. The note calls for 84 payments of interest and principal which are due monthly in the amount of $772. The note matures on November I, 2017. Less net loan closing costs 12.714 38,939 (l,235) 21.239 59,286 (2.08 1) Total notes payable $ 37.704 $ 57.205 The following is a summary of maturities due on long-term debt as of June 30: 2017 2018 2019 Thereafter $ 21,206 16,641 1,092 Loan closing costs are amortized over the life of the underlying loan. Localworks expects amortization expense of approximately $748 for the year ended June 30, 2017 and $487 for the year ended June 30, 2018. 6. Office lease Localworks rented an office space on an agreement dated June 2015 to July 31, 2016. The lease was extended in August 2016 to an expiration date of July 31, 2017. Lease payments are $1,000 per month. The lease is below market rates, Localworks has recorded in-kind revenue and additional lease expense of approximately $5, I 00 as a result. The following is a summary of minimum lease payments due as of June 30: 2017 2018 Thereafter 7. 40 I (k) Profit Sharing Plan $ 11,000 1,000 Localworks established the Wheat Ridge 2020, Inc. 40l(k) Plan. The plan allows eligible Localworks employees to make elective pre or post tax contributions through salary reductions. Localworks may make discretionary matching contributions. Localworks contributions are subject to vesting per the terms of the plan. For the years ended June 30, 2016 and 2015, the amount charged to expense under the Plan was $3,784 and $2,576, respectively. 8. Concentrations Localworks receives the majority of its revenues and support from governmental entities. 13 Wheat Ridge 2020, Inc. dba Localworks NOTES TO FINANCIAL STATEMENTS June 30, 2016 and 2015 9. Temporarily restricted net assets Temporarily restricted net assets are available for the following purposes as of June 30: Property improvement loans Other Programs Temporarily restricted net assets 11. Subsequent event evaluation $ 381,639 $ 77.550 $ 459.189 $ 334,639 32.977 367.616 Subsequent events were evaluated through the date of the accountant's report which is the date the financial statements were available to be issued. 14 Wheat Ridge 2020, Inc. DBA Localworks SCHEDULE OF FUNCTIONAL EXPENSES For the year ended June 30, 2016 PROGRAM SERVICES Encourage Community Total Organiz.ational Development Building Program Sustainability Community development programs Awards and grants $ 208 $ 16,045 $ 16,253 $ Community education Sponsored events 5,326 643 5,969 Printed Materials 11,767 2,035 13,802 698 Program delivery cost 1,998 250 2,248 71 Payroll and related expenses Salaries and wages 86,576 35,975 122,551 84,343 Retirement plan 1,599 718 2,317 1,467 Health insurance 6,624 2,227 8,851 5,714 Health savings account 2,214 831 3,045 2,021 Workers compensation insurance 893 Unemployment insurance 508 164 672 648 Payroll taxes 6,688 2,764 9,452 4,907 Payroll Processing Fees 177 Contract services Accounting 6,606 Legal 1,035 1,035 667 Technology 1,923 205 2,128 9,822 Other professional fees 28,434 2,255 30,689 24,043 Donated goods and services 61,577 852 62,429 7,360 Fundraising Expenses 350 Operations Supplies 20,296 3,983 24,279 4,591 Telephone and networking 1,060 1,060 7,331 Postage, mailing service 4,759 3,181 7,940 985 Advertising and promotion 8,820 1,722 10,542 4,222 Printing and copying 2,742 634 3,376 3,465 Books, subscriptions, reference 1,522 Facilities and equipment Office rent 17,187 Facilites and equipment rental 581 21,637 22,218 1,940 Utilities 318 318 Real estate, personal property tax 3,484 3,484 Property insurance 1,370 1,370 Homeowners' association fees 5,040 5,040 Repairs and redevelopment expenses 1.038 1,038 126 Depreciation and amortization 709 709 2,555 Travel and meetings Meals and refreshments 4,941 2,029 6,970 7,996 Conference, convention, meeting 238 1,022 1,260 274 Other types of expenses Interest expense 1,995 1,995 Insurance -non-employee related 3,745 Memberships and dues 60 60 1,530 Staff development 1,305 Business expenses Fines, penalties, judgments 450 Business/registration fees 80 25 105 1,387 Allocation of indirect expenses 39,875 16,569 56,444 (56,444) $ 313,883 $ 115,766 $ 429,649 $ 153,954 15 Form 990 OMB No. 1545-0047 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) Department of the Treasury .... Do not enter social security numbers on this form as it may be made public. Internal Revenue Service Information about Form 990 and its instructions is at www.lrs. ov/form990. A For the 2015 calendar year, or tax year beginning JUL 1 , 2015 and ending JUN 3 0 , 2016 B Check If C Name of organization D Employer identification number applicable: DAddress change WHEAT RIDGE 2020, INC. oName change DoinQ business as LOCALWORKS 56-2550132 Dlnitlal return Number and street (or P.O. box if mail is not delivered to street address) E Telephone number DFinal return/ 7391 w. 38TH AVE., SUITE 130 l Room/suite 720-259-1030 termin-ated City or town, state or province, country, and ZIP or foreign postal code G Gross receipts $ 611,247. DAmended return WHEAT RIDGE, co 80033 H(a) Is this a group return Dl\Pplica-tlon FISHER for subordinates? DYes OONo F Name and address of principal officer:BRITTA pending SAME AS c ABOVE H(b) Are all subordinates incl~~~~~D Yes DNo I TaiC·exemot status: l.X.J 501(c)(3) l J 501(c) ( )""4 (insert no.) l J 4947(a)(1) or l J 527 If "No," attach a list. (see instructions) J Website: .... WWW. WEARELOCALWORKS • ORG H(c) Grouo exemotion number .... K Form of organization: l.X.J Corporation l J Trust l J Association l J Other,.. I L Year of formation: 2 0 0 51 M State of legal domicile: CO I Part 11 Summary cu 1 Briefly describe the organization's mission or most significant activities: WHEAT RIDGE 2020 ADVANCES WHEAT u RIDGE, COLORADO, AS A VIBRANT AND SUSTAINABLE COMMUNITY. WHEAT RIDGE c Ill LJ if the organization discontinued its operations or disposed of more than 25% of its net assets. c 2 Check this box .... .. cu 13 i; 3 Number of voting members of the governing body (Part VI, line 1 a) ···························································· 3 CJ 4 Number of independent voting members of the governing body (Part VI, line 1 b) .......................................... 4 13 all Ill 5 Total number of individuals employed in calendar year 2015 (Part V, line 2a) 5 7 cu ................................................ ~ 6 Total number of volunteers (estimate if necessary) ....................................................................................... 6 174 = 7 a Total unrelated business revenue from Part VIII, column (C), line 12 7a o. u <C ···························································· b Net unrelated business taxable income from Form 990-T, line 34 ............................... ............. ··········-. ....... 7b o. Prior Year Current Year cu 8 Contributions and grants (Part VIII, line 1h) 318,996. ······························································· 478,251. :I 9 Program service revenue (Part VIII, line 2g) 55,136. 101,501. c: ~ ······························································· cu 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d) ....................................... 845. 791. a: 17,409. 19,328. 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 1 Oc, and 11 e) ........................ 12 Total revenue -add lines 8 throuah 11 (must ooual Part VIII, column (A\, line 12) 392,386. 599,871. 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) ................................. o. o. 14 Benefits paid to or for members (Part IX, column (A), line 4) ....................................... 0. o. Ill 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) ......... 185,275. 246,880. cu Ill 16a Professional fundraising fees (Part IX, column (A), line 11 el. ......................................... o. o. c: cu .... 21,169 • a. b Total fundraising expenses (Part IX, column (D), line 25) M w 17 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24e) ....................................... 177,567. 250,370. 18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) ..................... 362,842. 497,250. 19 Revenue less exoenses. Subtract line 18 from line 12 .................. ·············· ........ . .... 29,544. 102,621. a~ Beginning of Current Year End of Year ll>C: 1,433,221. 1,516,434. 1i)~ 20 Total assets (Part X, line 16) "'"' ................................................................................. .. ll>CIJ 21 Total liabilities (Part X, line 26) 80,761. 61,354. c("O ................................................................................. +-'c: ~ 22 Net assets or fund balances. Subtract line 21 from line 20 ..... ··-·· -----···· .. ·----·· ... 1,352,460. 1,455,080. I Part II I Signature Block Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge. Sign ~ 1gna ure o o 1cer ae Here ~ BRITTA FISHER, EXECUTIVE DIRECTOR Type or print name and btle PrinVType preparer's name Preparer's signature Paid EREMY J. RYAN Preparer Firm's name WILSON DOWNING GROUP, LLC 7 Use Only Firm's address.,_ 5 UNION BOULEVARD SUITE 215 LAKEWOOD, co 80228 Phone no. 3 0 3 - 2 3 2 - 2 2 6 2 May the IRS discuss this return with the preparer shown above? (see instructions) ............ .... . .... ...... . ......... ... .. ... .... .... . Yes No 532001 12-1e-1s LHA For Paperwork Reduction Act Notice, see the separate instructions. Form 990 (2015) SEE SCHEDULE 0 FOR ORGANIZATION MISSION STATEMENT CONTINUATION Form9902015 WHEAT RIDGE 2020, INC. 56 -2550132 Pa e2 Part Ill tatement of Program ervice Accomplishments Check if Schedule 0 contains a response or note to any line in this Part Ill . .. . .. .. . . .. . . .. .. . ............ .. . .. . ... .... . . .... . . .. . . .. .. . .. .. .... . .. . ... . . . .. . .. 00 Briefly describe the organization's mission: WHEAT RIDGE 2020 ADVANCES WHEAT RIDGE, COLORADO, AS A VIBRANT AND SUSTAINABLE COMMUNITY. WHEAT RIDGE 2020 ATTRACTS AND RETAINS STAKEHOLDER HOUSEHOLDS AND BUSINESSES BY FACILITATING DEVELOPMENT AND INFLUENCING REGULATORY AND POLICY CHANGES NECESSARY TO REALIZE A 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? .. __ -·-········-· .. ............................................................................................... Dves 00 No If "Yes," describe these new services on Schedule 0. 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services?.................. Dves 00 No If "Yes," describe these changes on Schedule 0. 4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses. Section 501 (c)(3) and 501 (c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported. 4a (Code: ) (Expenses$ 3 5 6 , 3 3 2 • including grants of$ ) (Revenue$ l 0 2 1 2 9 2 • ) LOCALWORKS ADVANCES OUR MISSION THROUGH PROGRAMS THAT REVITALIZE WHEAT RIDGE'S HOUSING STOCK, NEIGHBORHOODS, BUSINESSES AND COMMERCIAL CORRIDORS. SPECIFIC PROGRAMS INCLUDE LOW-INTEREST LOAN PROGRAMS FOR HOME AND BUSINESS IMPROVEMENTS, NEIGHBORHOOD CLEAN UP DAYS, BLOCK PARTY GRANTS AND NEIGHBORHOOD IMPROVEMENT GRANTS. LOCALWORKS HIGHLIGHTS THE COMMUNITY THROUGH EVENTS LIKE A MID CENTURY AND MODERN TOUR, A REALTOR TOUR, CITY BUS TOURS, RIDGE AT 38 EVENTS AND LIVE LOCAL WHEAT RIDGE. PROMINENT RIDGE AT 38 EVENTS INCLUDE THE RIDGE AT 38 CRITERIUM, RIDGEFEST, TRUNK OR TREAT AND HOLIDAY CELEBRATION. TO LEARN MORE, PLEASE VISIT WWW.WEARELOCALWORKS.ORG. 4b (Code: ___ )(Expenses$---------including grants of$---------) (Revenue$ ________ _ 4c (Code: ___ )(Expenses$ _______ _ Including grants of$---------) (Revenue$ ________ _ 4d Other program services (Describe in Schedule 0.) (Expenses$ including grants of$ (Revenue$ 4e Total program service expenses t' 356,332. 532002 12-16-15 Form 990 (2015) Form990 12015l WHEAT RIDGE 2020, INC. 56-2550132 Paoe3 I Part IV I Checklist of Required Schedules Is the organization described in section 501 (c)(3) or 4947(a)(1) (other than a private foundation)? If 'Yes," complete Schedule A ........................................................................................................................................... . 2 Is the organization required to complete Schedule B, Schedule of Contributor$? ................................................................. . 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If 'Yes," complete Schedule C, Part I ........................................................................................................... . 4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501 (h) election in effect during the tax year? If "Yes," complete Schedule C, Part II ................................................................................................. . 5 Is the organization a section 501 (c)(4), 501 (c)(5), or 501 (c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part Ill ......................................... . 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part 11 ............. , ........................... . 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete ~~~~111 ......................................................................................................................................................... . 9 Did the organization report an amount in Part X, line 21, for escrow or custodial account liability, serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? ff "Yes," complete Schedule D, Part IV ............................................................................................................................. . 10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part V ....................................................................... . 11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable. a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete Schedule D, Part VI b Did the organization report an amount for investments -other securities in Part X, line 12 that is 5% or more of its total Yes No 1 x 2 x 3 x 4 x 5 x 6 x 7 x 8 x 9 x 10 x 11a X assets reported in Part X, line 16? If 'Yes," complete Schedule D, Part VII . . . . . . .. . . . . .. .. .. . .. . .. . . . . . . .. . .. . ... . .. . . . . . .. .. ... .. . . . .. .. .. . . . ... . ... 11b X c Did the organization report an amount for investments -program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes,' complete Schedule D, Part VIII ......................................................................... . 11c x d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes, " complete Schedule D, Part IX ........................................................................................................ . 11d x e Did the organization report an amount for other liabilities in Part X, line 25? If "Yes,' complete Schedule D, Part X ................. . 11e X f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X ........... . 11f x 12a Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete Schedule D, Parts XI and XII ............................................................................................................................................ . 12a x b Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XI/is optional .. . ...... ... . . . 12b X 13 Is the organization a school described in section 170(b)(1 )(A)(iQ? If 'Yes,' complete Schedule E . .. ...... .. . .. . ... . .. . . ... . ... . . . .. . . ... . . 13 X 14a Did the organization maintain an office, employees, or agents outside of the United States? .. . .. . . .. . .. . . .... ... ... . . . . . ..... .. . . . ... . . . . . . 14a X b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If 'Yes," complete Schedule F, Parts I and IV......................................................................................................... 14b X 15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If "Yes," complete Schedule F, Parts II and IV . . . . . . ... . . . . . . . . . . . . ... . .. ... . .. . . . . . .. . . .. . .. . . .. . . .. . ... . . .. . .. . . .. . . .. . .. . .. . . . . 15 X 16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If "Yes," complete Schedule F, Parts Ill and IV . .. . . ....... .. . . .. . . . . . .. . . . . . .. . .. . .. . . .. . . .. . . ... .. . . .. . . . . . . .. . . . . . . . . ... . . 16 X 17 Did the organization report a total of more than $15,000 of expenses for professional fund raising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I ....................................................................................... 17 X 18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1 c and Ba? If "Yes,' complete Schedule G, Part II .. . ............. .. . . . . . ... . . ... . . . . . .. . . . . . .. . . .. . . . . . .. . . .. . . . ... . . . . . . . . .. . . ... . . . . . . . . . . . . ... . ... . . .. . . ... 18 X 19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G Part Ill ................................................................................................................................... . 532003 12-16-15 19 x Form 990 (2015) Form990 12015l WHEAT RIDGE 2020, INC. 56-2550132 Paqe4 I Part IV I Checklist of Required Schedules (continued) 20a Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H ________________ ............................ . b If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return? ............................ . 21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If "Yes," complete Schedule I, Parts I and II 22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If "Yes," complete Schedule I, Parts I and Ill _________________________ ................ __________________________ _ 23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete ScheduleJ 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If "Yes," answer lines 24b through 24d and complete Schedule K. If "No", go to line 25a --------------------------------------------------_____ -------------------------------------------------------_________________ _ b Did the organization invest any proceeds of truc-exempt bonds beyond a temporary period exception? c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? ................. ____ ------------------_____ ---------------------------------------___________________ ----------------------------........ . d Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? _______________________________ _ 25a Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit Yes No 20a x 20b 21 x 22 x 23 x 24a x 24b 24c 24d transaction with a disqualified person during the year? If 'Yes," complete Schedule L, Part I ------------------------------------------------25a X b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I ----------------------------____ ........................... -----------------------------------------------------------------·----·--·-····--·--·-------- 26 Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," 25b x complete Schedule L, Part II ________________ -----------------------------------________ -------------------------------------------------------------------------26 X 27 Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part Ill ....................................................................................... ... 27 X 28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions): a A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV .. . .... .. .. .. .... . .. .. .. .. .. .. ... 28a X b A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV . . . .. . 28b X c An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If 'Yes," complete Schedule L, Part IV............................................................... 28c X 29 Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M ---------------------------29 X 30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M ------------------------------------------------..................................................................... 30 X 31 Did the organization liquidate, terminate, or dissolve and cease operations? If 'Yes," complete Schedule N, Part I ---------------------------------------------·--................................................................................. 31 X 32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II ........ _ .................. ______ ........................................................................ ________________________ ................. _ _____ __ __ 32 X 33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I -------------------------------------------------------------......... . 33 x 34 Was the organization related to any tax-exempt or ta><able entity? If "Yes," complete Schedule R, Part II, Ill, or IV, and Part V, line 1 ................................................................................................................. ______ _ _ ___ _ ____ _ _ __ _ __ _ ________ _ 34 x 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? 35a x b If "Yes" to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If 'Yes," complete Schedule R, Part V, line 2 _ _ ___________ ............. _____ _ ______ ,_35b _____ _ 36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes,' complete Schedule R, Part V, line 2 ..................................................................... . 37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI _______ ------·-------- 38 Did the organization complete Schedule 0 and provide explanations in Schedule O for Part VI, lines 11 b and 19? Note. All Form 990 filers are reauired to comolete Schedule 0 --------------------------------------------------------------------------------------------- 532004 12-16-15 36 x 37 x 38 x Form 990 (2015) Form 990 2015 WHEAT RIDGE 20 2 0, INC. Statements Regarding Other IRS Filings and Tax Compliance Check if Schedule 0 contains a response or note to any line in this Part V 56-2550132 Pa. e5 D Yes No 1a Enter the number reported in Box 3 of Form 1096. Enter -0· if not applicable . .. . . .. . . . . . . ... . . . . .. . .. . . . .. . .. l_1_a __ l _____ l_8:i b Enter the number of Forms W-2G included in line 1 a. Enter -0-if not applicable . . . .. . . .. . .. . . . .. . .. . .. . ... . .. I 1b I 0 ....__...._ ______ ~ c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ················--·-----·--....... -----------------------·--------·--·--------------·------·-------------------·-------·---------1c X 2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, I I filed for the calendar year ending with or within the year covered by this return···········----·---·--·-------2a 7 b If at least one is reported on line 2a, did the organization file all required federal employment tax returns?.............................. 2b X Note. If the sum of lines 1a and 2a is greater than 250, you may be required toe-file (see instructions) ... ·---·--··--·------··---······- 3a Did the organization have unrelated business gross income of $1,000 or more during the year? ------··-----····························· 3a X b If "Yes," has it filed a Form 990-Tforthis year? If "No," to line 3b, provide an explanation in Schedule 0 ··------------------·-·-·--·-· .....,.3-'b ____ _ 4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? .. _. ____________ . __ . _ 4a X b If "Yes," enter the name of the foreign country: .. ---------------------------See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? .................................... 5a X b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?. __ .. __ .. _ .. _____ .......... 5b X c If "Yes," to line Sa or Sb, did the organization file Form 8886-T? ................................................................................................. s ... c ____ _ 6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ············-····-················--·-----·---··----·---·-------·······-6a X b If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? 6b 7 Organizations that may receive deductible contributions under section 170(c). a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? 7a X b If "Yes," did the organization notify the donor of the value of the goods or services provided? ··----··------·------·-···--................ l-"7""'b _ ___ _ c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? ·········---·--·--·-----------·--·-----·--------------------·-----·--------·--------------------·--------·--------------·-----------------·-----------·-----7c X d lf'Yes,"indicatethenumberofForms8282filedduringtheyear ................................................ I 1d I .....__...._ ______ ~ e Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? .. .......... ......... ......1 ... e ____ _ f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? . . . .. . . .. . . . . . .. . . ... .. ... . _ 7_f _ ___ _ g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?... - 7..._a ____ _ h If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? -7.-h ____ _ 8 Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? 9 Sponsoring organizations maintaining donor advised funds. a Did the sponsoring organization make any taxable distributions under section 4966? 8 9a b Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? ....................................... .....,.9""'b ____ _ 10 Section 501(c)(7) organizations. Enter: a Initiation fees and capital contributions included on Part VIII, line 12 ............................................. I 1oa I ---------~ b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities ................. .__10_b"'--'"------- 11 Section 501(c)(12) organizations. Enter: a Gross income from members or shareholders 11a b Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) .......................................................................................... .__1_1b___._ ______ _ 12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041? ,__12 .... a ____ _ b If "Yes," enter the amount of tax-exempt interest received or accrued during the year . . .. ... . . ... ... . .. l.__12_b___._I ______ _ 13 Section 501(c)(29) qualified nonprofit health insurance issuers. a Is the organization licensed to issue qualified health plans in more than one state? ...................................... ··---··················· 13a Note. See the instructions for additional information the organization must report on Schedule 0. b Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans .................................................................. l1-1_3_b_+-I------~ c Enter the amount of reserves on hand ......................................................................................... . 13c 14a Did the organization receive any payments for indoor tanning services during the tax year? . .. . .. . . . . .. . . . ... . . . . ... . . . . ........ ... . . .. . . .. 14a X b If "Yes" has it filed a Form 720 to report these oavments? If "No,' provide an explanation in Schedule 0 ........................ _____ 14b 532005 12-16-15 Form 990 (2015) Form990 2015 WHEAT RIDGE 2020, INC. 56-2550132 Pa e6 Governance, Management, and Disclosure For each "Yes" response to lines 2 through lb below, and fora "No" response ~--~to line Ba, Bb, or 10b below, describe the circumstances, processes, or changes in Schedule 0. See instructions. Check if Schedule 0 contains a response or note to any line in this Part VI Section A. Governing Body and Management 1a Enter the number of voting members of the governing body at the end of the tax year . . .. .. .. . ... .. . . .. l---'1""a'-+ ______ 1_3~ If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule 0. b Enter the number of voting members included in line 1 a, above, who are independent 1b 13 2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? 3 Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors, or trustees, or key employees to a management company or other person? ..................................... .. 4 5 6 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ............. . Did the organization become aware during the year of a significant diversion of the organization's assets? ...................... .. Did the organization have members or stockholders? ............................................................................................. . 7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? b Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? .............................................................................................................. . a Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following: a The governing body? ................................................................................................................................................. .. Yes No 2 x 3 x 4 x 5 x 6 x 7a x 7b x Ba x b Each committee with authority to act on behalf of the governing body? .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. Sb X 9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the oraanization's mailina address? If "Yes," Qrovide the names and addresses in Schedule 0 ___ .... ___ .. -·---· _ .. _,, _____ .. _ .. 9 X Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.) 10a Did the organization have local chapters, branches, or affiliates? .................................................................................. .. b If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? .................................... .. 11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? b Describe in Schedule 0 the process, if any, used by the organization to review this Form 990. 12a Did the organization have a written conflict of interest policy? If "No," go to line 13 ........................................... . b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? c Did the organization regularly and consistently monitor and enforce compliance with the policy? If 'Yes," describe in Schedule 0 how this was done 13 Did the organization have a written whistleblower policy? .................................................................................................. . 14 Did the organization have a written document retention and destruction policy? .................................................... . 15 Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? a The organization's CEO, Executive Director, or top management official ............................................................................ . b Other officers or key employees of the organization .......................................................................................................... .. If "Yes" to line 15a or 15b, describe the process in Schedule 0 (see instructions). 16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................................................................................................................................... . b If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization's exemot status with resoect to such arranQements? . .. .. ... . ........................................................................................... .. Section C. Disclosure 17 List the states with which a copy of this Form 990 is required to be filed .... CO Yes No 10a X 10b 11a X 12a x 12b x 12c x 13 x 14 x 15a x 15b x I 16a x 16b ------------------------~ 18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable), 990, and 990-T (Section 501 (c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply. CiJ Own website D Another's website CiJ Upon request D Other (explain in Schedule 0) 19 Describe in Schedule 0 whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year. 20 State the name, address, and telephone number of the person who possesses the organization's books and records: .... THE ORGANIZATION -720-259-1030 ~~~~~- 7391 WEST 38TH AVE #130, WHEAT RIDGE, CO 80033 532006 12-16-15 Form 990 (2015) Form 990 2015 WHEAT RIDGE 2020, INC. 56-2550132 Pa e7 .__ __ _ Compensation of Officers, Directors, rustees, Key Employees, ighest Compensated Employees, and Independent Contractors Check if Schedule 0 contains a response or note to any line in this Part VII ----------------------------------------····D Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees 1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization's tax year. • List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation. Enter -0-in columns (D), (E), and (F) if no compensation was paid. • List all of the organization's current key employees, if any. See instructions for definition of "key employee." • List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee) who received report- able compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the organization and any related organizations. • List all of the organization's former officers, key employees, and highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations. • List all of the organization's former directors or trustees that received, in the capacity as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations. List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest compensated employees; and former such persons. D Ch k th" b "f ith th . f I t d . f t d t ff' d" ec IS OXI ne er e oroaniza ion nor any re a e orgamza ion compensa e any curren o icer 1rec or, or rustee. (A) (B) (C) ' (D) (E) (F) Name and Title Average Position Reportable Reportable Estimated (do not check more than one hours per box, unless person Is both an compensation compensation amount of week officer and a director/trustee) from from related other (list any ~ the organizations compensation hours for ~ I organization (W-2/1099-MISC) from the related 0 ~ (W-2/1099-MISC) organization ~ organizations s s ! E" and related below ~ g 8:g organizations i 'l3 ~ 10~ ~ line) ~ ~ ~ ~! ""~ ~ (1) JOSEPH GIORDANO 5.00 BOARD MEMBER x o. o. o. ( 2) RON BENSON 5.00 BOARD MEMBER x o. 0. 0. ( 3) KAREN BERRY 5.00 BOARD MEMBER x 0. o. 0. ( 4) KELLY BROOKS 5.00 BOARD MEMBER x o. 0. 0. ( 5) KRISTINE DISNEY 5.00 PRESIDENT x x o. 0. 0. (6) MIKE GAUTHIER 5.00 BOARD MEMBER x o. 0. o. (7) JERRY NEALON 5.00 BOARD MEMBER x o. o. 0. ( 8) DAVID SCHAFER 5.00 TREASURER x x o. 0. 0. ( 9) JOE DEAGUERO 5.00 VICE PRESIDENT x x o. 0. 0. (10) MICHEAL KOLESAR 5.00 BOARD MEMBER x o. 0. o. (11) PAM GOFF 5.00 BOARD MEMBER x o. o. 0. (12) JOY OPP 5.00 BOARD MEMBER x o. 0. o. (13) BRITTA FISHER 40.00 EXECUTIVE DIRECTOR x 94,585. 0. 0. (14) KELSEY ROBB 5.00 SECRETARY x o. 0. 0. 532007 12-16-15 Form 990 (2015) Form 990 (2015) I IN . -Paqe 8 WHEAT RIDGE 2020 c 56 2550132 I Part VII I Section A. Officers Directors Trustees Kev Emo!ovees, and Hiahest Compensated Emolovees (continued) (A) (B) (C) (D) (E) (F) Name and title Average Position Reportable Reportable Estimated (do not check more than one hours per box, unless person is both an compensation compensation amount of week officer and a director/trustee) from from related other (list any ~ the organizations compensation hours for e organization fY'J-2/1099-MISC) from the '5 I related 0 l';l fY'J-2/1099-MISC) organization organizations i g E" g J ~ and related below ~ 8~ ~ l! ~ organizations line) ·s: i ~ E ~ ~ :.::~ .£ 1b Sub-total ...................... .... ··········· ··········-·-·············-··· ..... ..... ................. 94,585. 0 • 0. c Total from continuation sheets to Part VII, Section A ..... .... .... ..... ........... o. 0 • 0. d Total (add lines 1b and 1c) ........................................................................ .._ 94,585. 0. o. 2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable comoensation from the oraanization • 0 Yes No 3 Did the organization list any former officer, director, or trustee, key employee, or highest compensated employee on line 1 a? If "Yes," complete Schedule J for such individual ···-··-···························································································· 3 x 4 For any individual listed on line 1 a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual ....................................... 4 x 5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the oraanization? If 'Yes "comolete Schedule J for such oerson ........................... ······--· ----------------·--·-············· 5 x Section B-Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the oraanization. Reoort comoensation for the calendar vear endina with or within the oraanization's tax vear. (A) (B) Name and business address NONE Description of services 2 Total number of independent contractors (including but not limited to those listed above) who received more than $100 000 of comoensation from the oraanization • 532008 12-16-15 0 (C) Compensation Form 990 (2015) INC. 56-2550132 Page 9 I Part Vii ltatement of Revenue Ch k fS h I 0 ec i c edue contains a response or note to anv line in this p art VII ------··········-·····---················ ----··························· D (A) (BJ (CJ Revenu~~~cluded Total revenue Related or Unrelated exempt function business from tax under sections revenue revenue 512-514 Ill Ill 1 a Federated campaigns 1a .... cc ..•....•.......... Ill :I b Membership dues 1b .. 0 ........................ ~E 111< c Fundraising events ····-···············-··· 1c :!:1a d Related organizations 1d Cl= .................. uiE e Government grants (contributions) 1e 466,254. 1Sii5 f All other contributions, gifts, grants, and ,_._ .. CD ::l,c similar amounts not included above 1f 11,997. :e .. . ..... J:iO c,, g Noncash contributions included in lines 1a-1f: $ oc h Total. Add lines 1a-1f _ .... 478,251. 0111 . -- ------- ---.. ·······------------·····-·--··· Business Codi; CD 2a MISC PROGRAM REVENUE 900099 77,474. 77,474. u 'ii: CD b COMMUNITY DEVELOPMENT 900099 14,407. 14,407. CD :I LOAN PROGRAM INTEREST 900099 9,620. ]°,620. U>c c E !,! d ~ e 0 .. CL f All other program service revenue --------------· g Total. Add lines 2a-2f ··-··---·························-················· ... 101,501. 3 Investment income (including dividends, interest, and other similar amounts) ................................... -·············· .. 791. 791. 4 Income from investment of tax-exempt bond proceeds .. 5 Royalties ................................................................ ----· ... lil Real cm Personal 6a Gross rents 30,704. ..................... b Less: rental expenses ......... 11,376. c Rental income or (loss) ...... 19,328. d Net rental income or (loss) .......................... ------------··· .... 19,328. 19,328 • 7 a Gross amount from sales of (i) Securities liil Other assets other than inventory b Less: cost or other basis and sales expenses ......... c Gain or (loss) ..................... d Net gain or (loss) .............. .............. ......... ················· .... CD Ba Gross income from fundraising events (not :I including$ c of t contributions reported on line 1 c). See a: .. Part IV, line 18 •..•.•................................. a CD .c b Less: direct expenses .............................. b .. 0 c Net income or (loss) from fundraising events ·········· .. 9a Gross income from gaming activities. See Part IV, line 19 ....................................... a b Less: direct expenses .......•.••.••.•.•••......• b c Net income or (loss) from gaming activities .................. .... 10 a Gross sales of inventory, less returns and allowances a ....................................... b Less: cost of goods sold ........................ b c Net income or llossl from sales of inventorv ·--·· ············ .... Miscellaneous Revenue Business CodE 11 a b c d All other revenue .....••••••..........•................. e Total. Add lines 11 a-11 d ............................................. .... 12 Total revenue. See instructions. ..................................... .. 599,871. 102,29~. lL 19,328 • 532009 12-16-15 Form 990 (2015) Form990 2015 WHEAT RIDGE 2020, INC• 56-2550132 Pa e 10 Statement of Functional Expenses Section 501 (c)(3) and 501 (c)(4) organizations must complete all columns. All other oroanizations must complete column (A). Check if Schedule 0 contains a response or note to anv line in this Part IX .............................................................................. lXJ Do not include amounts reported on tines 6b, (A) (BJ . 1'-'J lU/ 7b, Bb, 9b, and 1 Ob of Part VIII. Total expenses Program service Management and Fundraising expenses qeneralexpenses exoenses 1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 2 Grants and other assistance to domestic individuals. See Part IV, line 22 -········· ·-········ 3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ......... 4 Benefits paid to or for members ..................... 5 Compensation of current officers, directors, trustees, and key employees ........................ 6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ......... 7 Other salaries and wages ........................... 206,894. 122,551. 75,470. 8,873. 8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) 3,784. 2,317. 1,245. 222. 9 Other employee benefits .............................. 21,843. 12,567. 8,523. 753. 10 Payroll taxes ................. .............................. 14,359. 9,452. 4,228. 679. 11 Fees for services (non-employees): a Management ................................................ b Legal ............................................................ 1,702. 1,035. 667. c Accounting ................................................... 6,606. 6,606. d Lobbying ...................... ............................... e Professional fundraising services. See Part IV, line 17 f Investment management fees ........................ 9 Other. (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Sch 0.) 54,909. 30,689. 22,470. 1,750. 12 Advertising and promotion ........................... 13 Office expenses ............................................. 69,702. 47,196. 20,528. 1,978. 14 Information technology . . -. . -. . . -. . . . -. ······-······ 11,950. 2,128. 9,822. 15 Royalties ...................................................... 16 Occupancy ................................................... 12,000. 12,000. 17 Travel 1,054. 1,050. 4. ......................................................... 18 Payments of travel or entertainment expenses for any federal, state, or local public officials 19 Conferences, conventions, and meetings ...... 480. 210. 270. 20 Interest 1,995. 1,995. ······················································ 21 Payments to affiliates .................................... 22 Depreciation, depletion, and amortization ...... 3,264. 709. 2,555. 23 Insurance 3,745. 3,745. ................................................... 24 Other expenses. Itemize expenses not covered above. (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule 0.) ...... a COMMUNITY DEVELOPMENT p 63 I 201. 60,854. 707. 1,640. b MEALS & REFRESHMENTS 14,966. 6,970. 2,917. 5,079. c MEMBERSHIPS AND DUES 1,590. 60. 1,530. d BUSINESS REGISTRATION F 1, 451. 105. 1, 151. 195. e All other expenses 1,755. 56,444. -54,689. 25 Total functional expenses. Add lines 1 through 24e 497,250. 356,332. 119,749. 21,169. 26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check hero • D iffollowinq SOP 98-2 (ASC 958-720) 532010 12-16-15 Form 990 (2015) WHEAT RIDGE 2020 INC 56 2550132 Form 990 120151 , . -Paqe 11 I Part X I Balance ::;neet Check if Schedule 0 contains a response or note to any line in this Part X ---·-························ ··-·--------------................................... l J 1 2 3 4 5 6 ~ !II 7 ~ 8 9 10a b 11 12 13 14 15 16 17 18 19 20 21 !II 22 GI ~ :s ca ~ 23 24 25 26 !II GI CJ 27 c .!!! 28 ca m "C 29 c :J II.. .._ 0 ; 30 !II 31 !II cc .... 32 GI z 33 34 532011 12-16·15 Cash -non-interest-bearing ··········································································· Savings and temporary cash investments .........•................•......•.........•. •..•..... Pledges and grants receivable, net ............................................................... Accounts receivable, net ·············································································· Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ···············-···-·-························································· .... Loans and other receivables from other disqualified persons (as defined under section 4958(t)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501 (c)(9) voluntary employees' beneficiary organizations (see instr). Complete Part II of Sch L ...... Notes and loans receivable, net ······-······························································ Inventories for sale or use ······························•··············································· Prepaid expenses and deferred charges ······················································ Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D ......... 10a 426,848. Less: accumulated depreciation .................. 10b 43,014. Investments · publicly traded securities ························································· Investments -other securities. See Part IV, line 11 ·········································· Investments -program-related. See Part IV, line 11 ....................................... Intangible assets .......................................................................................... Other assets. See Part IV, line 11 .................................................................. Total assets. Add lines 1 throuoh 15 (must eaual line 34) .............................. Accounts payable and accrued expenses ................................................. _ .... Grants payable ............................................................................................. Deferred revenue .......................................................................................... Tax-exempt bond liabilities ........................................................................... Escrow or custodial account liability. Complete Part IV of Schedule D ............ Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons. Complete Part II of Schedule L ..................................................................... Secured mortgages and notes payable to unrelated third parties .................. Unsecured notes and loans payable to unrelated third parties ........................ Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D ................................................................................................ Total liabilities. Add lines 17 throuqh 25 ...................................................... Organizations that follow SFAS 117 (ASC 958), check here~ LXJ and complete lines 27 through 29, and lines 33 and 34. Unrestricted net assets ................................................................................. Temporarily restricted net assets .................................................................. Permanently restricted net assets Organizations that do not follow SFAs"117"i.Asc958i~-~h~~k·h·~-~~·-.,:·o·· and complete lines 30 through 34. Capital stock or trust principal, or current funds ............................................. Paid-in or capital surplus, or land, building, or equipment fund ························ Retained earnings, endowment, accumulated income, or other funds ............ Total net assets or fund balances .................................................................. Total liabilities and net assets/fund balances ................................................ (A) (B) Beginning of year End of year 739,063. 1 855, 491. 2 3 94,080. 4 111,995. 5 6 212,579. 7 160,997. 8 1,248. 9 4,117. 2,552. 10c 383,834. 11 12 13 14 383,699. 15 0. 1,433,221. 16 1,516,434. 23,556. 17 23,650. 18 19 20 21 22 57,205. 23 37,704. 24 25 80, 761. 26 61,354. 984,844. 27 912,136. 367,616. 28 542,944. 29 30 31 32 1,352,460. 33 1,455,080. 1,433,221. 34 1,516,434. Form 990 (2015) Form9902015 WHEAT RIDGE 2020, INC. 56-2550132 Pa e 12 Part I Reconciliation of Net Assets 2 3 4 5 6 Check if Schedule 0 contains a response or note to any line in this Part XI Total revenue (must equal Part VIII, column (A), line 12) Total expenses (must equal Part IX, column (A), line 25) Revenue less expenses. Subtract line 2 from line 1 ..................................................................... . Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . Net unrealized gains (losses) on investments ..................................... . Donated services and use of facilities 7 Investment expenses .................................................................... . 8 Prior period adjustments ..................................................................... . 9 Other changes in net assets or fund balances (explain in Schedule 0) 10 Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B)) ............................................................................................................................. . I Part XIII Financial Statements and Reporting Check if Schedule 0 contains a response or note to any 1ne in this Part XII 1 Accounting method used to prepare the Form 990: D Cash l:XJ Accrual D Other 1 2 3 4 5 6 7 8 9 10 If the organization changed its method of accounting from a prior year or checked "Other," explain in Schedule 0. 2a Were the organization's financial statements compiled or reviewed by an independent accountant? If "Yes," check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both: D Separate basis D Consolidated basis D Both consolidated and separate basis b Were the organization's financial statements audited by an independent accountant? ...................................................... . If "Yes," check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both: l:XJ Separate basis D Consolidated basis D Both consolidated and separate basis c If "Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? ............................................ . If the organization changed either its oversight process or selection process during the tax year, explain in Schedule 0. 3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit 599,871. 497,250. 102,621. 1,352,460. -1. 1,455,080. Yes No 2a x 2b x 2c X Act and OMB Circular A-133? ........................................................................................................................................... . 3a x b If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits exolain whv in Schedule 0 and describe anv steps taken to underao such audits 532012 12-16-15 3b Form 990 (2015) SCHEDULE A Public Charity Status and Public Support OMB No. 1545-0047 (Form 990 or 990-EZ) Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust. 2015 Department of the Treasury ... Attach to Form 990 or Form 990-EZ. Open to Public Internal Revenue Service ... Information about Schedule A (Fonn 990 or 990-EZ) and Its instructions is at www.lrs.gov/form990. Inspection Name of the organization Employer identification number WHEAT RIDGE 2020, INC. 56-2550132 The ~nization is not a private foundation because it is: (For lines 1 through 11, check only one box.) 1 LJ A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i). 2 D A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).) 3 D A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii). 4 D A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, sD eD 7 [X] sD 90 10 D 11 D city, and state=--------------------------------------------- An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.) A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v). An organization that normally receives a substantial part of Its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vl). (Complete Part II.) A community trust described in section 170(b)(1)(A)(vi). (Complete Part 11.) An organization that normally receives: (1) more than 33 1 /3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions· subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part Ill.) An organization organized and operated exclusively to test for public safety. See section 509(a)(4). An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 11 a through 11 d that describes the type of supporting organization and complete lines 11 e, 11 f, and 11 g. a D Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting b c D organization. You must complete Part IV, Sections A and B. Type II. A supporting organization supervised or controlled In connection with Its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C. D Type Ill functionally integrated. A supporting organization operated in connection with, and functionally integrated with, Its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E. d D Type Ill non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and PartV. e D Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type Ill functionally integrated, or Type Ill non-functionally integrated supporting organization. f Enter the number of supported organizations Q Provide the followino information about the suooorted oroanization{s). (I) Name of supported (ii)EIN (iii) Type of organization organization {described on lines 1 ·9 above (see instructions)) Total LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. 532021 09-23-15 Iv) Is the organization listed in your governing document? Yes No (v) Amount of monetary (vi) Amount of support (see other support (see instructions) instructions) Schedule A (Form 990 or 990-EZ) 2015 rgamzat1ons (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part Ill. If the organization fails to qualify under the tests listed below, please complete Part Ill.) Section A. Public Support Calendar year (or fiscal year beginning in) 11111--fal 2011 fbl 2012 !cl 2013 fdl 2014 lel 2015 !fl Total 1 Gifts, grants, contributions, and membership fees received. (Do not include any 'unusual grants.") ······ 88,996. 274,173. 369,481. 318,996. 478,247. 1,529,893. 2 Tax revenues levied for the organ· ization's benefit and either paid to or expended on its behalf ............ 3 The value of services or facilities furnished by a governmental unit to the organization without charge ... 4 Total. Add lines 1 through 3 .... .... 88,996. .274,173. 369,481. 318,996 • 478,247. 1,529,893. 5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .................................... 6 Public suooort. Subtract line 5 from line 4. 1,529,893. Section B. Total Support Calendar year (or fiscal year beginning in) 11111--!al 2011 (bl 2012 (c)2013 (d)2014 (el 2015 111 Total 7 Amounts from line 4 88,996. 274,173. . . . . . . . . . . . . . . . . . . . . . 369,481. 318,996. 478,247. 1,529,893. 8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources 29,186. 34,331. ... 34,306. 29 I 871. 31,495. 159,189. 9 Net income from unrelated business activities, whether or not the business is regularly carried on ... 10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ············ 15,898. 1.2,026. 34,992. 36,777. 71,454. 171,147. 11 Total support. Add lines 7 through 10 1,860,229. 12 Gross receipts from related activities, etc. (see instructions) ..................................................................... 12 I 797,982. 13 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501 (c)(3) D 14 Public support percentage for 2015 (line 6, column (f) divided by line 11, column (f)) ... ..... . ... i--14-+-----=-.--· -=2,....4:---'o/i"'"'o 15 Public support percentage from 2014 Schedule A, Part II, line 14 ............................................................... .__15__.. ______ 8_4_. _5_6_--'o/i"'"'o 16a 33 1/3% support test -2015. If the organization did not check the box on line 13, and line 14 is 33 1 /3% or more, check this box and stop here. The organization qualifies as a publicly supported organization .. .. . .. . .. .. . .. .. .. .. .. .. ... . .. ... . .. ... .. ... .. .. .. . .. .. .. .. . .. ... . .. .. .... .. .. .. .. .. .. . .. 11111--00 b 33 1/3% support test -2014. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1 /3% or more, check this box and stop here. The organization qualifies as a publicly supported organization . .. .. .. . .. .. .. .. .. ... ... .. .. .. .... .. .. .. .. . .. .... . .. .. . .. .. .. .. .. .... .. .. .. . .. .... .. 11111--D 17a 100/o -facts-and-circumstances test -2015. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization . .. .. .. ............................... . b 100/o -facts-and-circumstances test -2014. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization .. .... ...... .. ... .. ..... 11111--D 18 Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b1 check this box and see instructions . P.. D 532022 09-23-15 Schedule A (Form 990 or 990-EZ) 2015 I NC . 56-2550132 Pa e 3 rgamzat1ons (Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to gualify under the tests listed below, please complete Part 11.) Section A. Public Support Calendar year {or fiscal year beginning in) .... fal 2011 (b)2012 (c)2013 (dl 2014 (e)2015 (fl Total 1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ...... 2 Gross receipts from admissions, merchandise sold or services per- formed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose 3 Gross receipts from activities that are not an unrelated trade or bus- iness under section 513 ............... 4 Tax revenues levied for the organ- ization's benefit and either paid to or expended on its behalf ............ 5 The value of services or facilities furnished by a governmental unit to the organization without charge ... 6 Total. Add lines 1 through 5 _________ 7a Amounts included on lines 1, 2, and 3 received from disqualified persons b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year .................. c Add lines 7a and 7b ..................... 8 Public sunnort. tOtthh--1 .. llno 7r. !m~ lln• ~I Section 8. Total Support Calendar year (or fiscal year beginning in) .... (a) 2011 (b) 2012 (c)2013 (d) 2014 (el 2015 lfl Total 9 Amounts from line 6 ..................... 10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources ... b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 ............ c Add lines 1 Oa and 10b ---.............. 11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on ..................... 12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ............ 13 Total support. (Add lines 9, 1oc, 11, and 12.) 14 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501 (c)(3) organization, check this box and stop here ................................................................ ---........................................... ______ ,, ___ _ Section C. Com utation of Public Support Percenta e 15 Public support percentage for2015 (line 8, column (f) divided by line 13, column (f)) --------------------------------.. --t--15--t-__________ % 16 Public su ort ercenta e from 2014 Schedule A. Part Ill line 15 ------------------------------------16 % Section D. Computation of Investment Income Percenta e 17 Investment income percentage for2015(1ine 10c, column (f) divided by line 13, column (f)) _______ ,, ___________ , ... t--17--t-__________ % 18 Investment income percentage from 2014ScheduleA, Part Ill, line 17 ______________________________________________ ,, ______ ~1_8~ _ _ ________ %_ 19a 33 1/3% support tests -2015. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ................. _____________ .... D b 331/3% support tests -2014. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3%, and line 18 is not more than 33 1 /3%, check this box and stop here. The organization qualifies as a publicly supported organization ____ . ______ . .... D 20 Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... --------------------.... D 532023 09-23-15 Schedule A (Form 990 or 990-EZ) 2015 Schedule A Form 990 or 990-EZ 2015 WHEAT RIDGE 2 0 2 0, INC. art Supporting Organizations (Complete only if you checked a box in line 11 on Part I. If you checked 11 a of Part I, complete Sections A and B. If you checked 11 b of Part I, complete Sections A and C. If you checked 11 c of Part I, complete Sections A, D, and E. If you checked 11 d of Part I, complete Sections A and D, and complete Part V.) s f ec1on A All S rt" 0 . f UDDO lnA rAamza ions 1 Are all of the organization's supported organizations listed by name in the organization's governing documents? If "No" describe in Part VI how the supported organizations are designated. If designated by class or purpose, describe the designation. If historic and continuing relationship, explain. 2 Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If 'Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2). 3a Did the organization have a supported organization described in section 501 (c)(4), (5), or (6)? If "Yes," answer (b) and (c) below. b Did the organization confirm that each supported organization qualified under section 501 (c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes,' describe in Part VI when and how the organization made the determination. c Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use. 4a Was any supported organization not organized in the United States ("foreign supported organization")? If "Yes," and if you checked 11a or 11b in Part I, answer(b) and (c) below. b Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If "Yes," describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations. c Did the organization support any foreign supported organization that does not have an IRS determination under sections 501 (c)(3) and 509(a)(1) or (2)? If "Yes,' explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes. Sa Did the organization add, substitute, or remove any supported organizations during the tax year? If "Yes," answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (ij the names and EIN numbers of the supported organizations added, substituted, or removed; (iij the reasons for each such action; (iiij the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document). b Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document? c Substitutions only. Was the substitution the result of an event beyond the organization's control? 6 Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization's supported organizations? If "Yes,' provide detail in Part VI. 7 Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If "Yes," complete Part I of Schedule L (Form 990 or 990-EZ). 8 Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If "Yes," complete Part I of Schedule L (Form 990 or 990-EZ). 9a Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If "Yes," provide detail in Part VI. b Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If "Yes,' provide detail in Part VI. c Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If "Yes," provide detail in Part VI. 10a Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(1) (regarding certain Type II supporting organizations, and all Type Ill non-functionally integrated supporting organizations)? If "Yes," answer 10b below. b Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the oroanization had excess business holdinqs.) 56-2550132 Pa e 4 Yes No 1 2 3a 3b 3c 4a 4b 4c Sa Sb 5c 6 7 8 9a 9b 9c 10a 10b 532024 09-23-15 Schedule A (Form 990 or 990-EZ) 201S 2015 WHEAT RIDGE 2020 I INC. 56-2550132 Pa eS anlzatlons 11 Has the organization accepted a gift or contribution from any of the following persons? a A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization? b A family member of a person described in (a) above? c A 35% controlled enr S t" BT IS ec1on ype uppo ing 0 f rgamza ions 1 Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization's directors or trustees at all times during the tax year? If "No, " describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization's activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year. 2 Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If "Yes," explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised, or controlled the supporting organization. s f ec1on CT ype . II S UDDO rt" 1nQ 0 f rQamza ions 1 Were a majority of the organization's directors or trustees during the tax year also a majority of the directors or trustees of each of the organization's supported organization(s)? If 'No," describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s). Section D. All T anizations 1 Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization's tax year, (Q a written notice describing the type and amount of support provided during the prior tax year, (iQ a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization's governing documents in effect on the date of notification, to the extent not previously provided? 2 Were any of the organization's officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No, " explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s). 3 By reason of the relationship described in (2), did the organization's supported organizations have a significant voice in the organization's investment policies and in directing the use of the organization's income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization's su orted on anizations pla ed in this re ard. Section E. Type Ill Functionally-Integrated Supporting Organizations 1 Check the box next to the method that the organization used to satisfy the Integral Part Test during the yea(see Instructions): a D The organization satisfied the Activities Test. Complete line 2 below. b D The organization is the parent of each of its supported organizations. Complete line 3 below. 11a 11b 11c 1 2 1 2 3 c D The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions). 2 Activities Test. Answer (B) and (b) below. a Did substantially all of the organization's activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI Identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities. 2a b Did the activities described in (a) constitute activities that, but for the organization's involvement, one or more of the organization's supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization's position that its supported organization(s) would have engaged in these activities but for the organization's involvement. 2b 3 Parent of Supported Organizations. Answer (a) and (b) below. a Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI. 3a b Did the organization exercise a substantial degree of direction over the policies, programs, and activities of each of its sunnorted oraanizations? If "Yes " describe in Part VI the role played by the organization in this regard. 3b Yes No Yes No Yes No Yes No Yes No 532025 09-23-15 Schedule A (Form 990 or 990-EZ) 2015 56-2550132 Pa e 6 Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All I S Ah hE other Type Ill non-functionally inteorated supoortino organizations must comp ete ect1ons t rouo1 Section A -Adjusted Net Income (A) Prior Year (B) Current Year (optional) 1 Net short-term capital oain 1 2 Recoveries of prior-year distributions 2 3 Other gross income {see instructions) 3 4 Add lines 1 through 3 4 5 Depreciation and depletion 5 6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions} 6 7 Other expenses {see instructions) 7 8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8 Section B -Minimum Asset Amount (A) Prior Year (B) Current Year (optional) 1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): a Average monthly value of securities 1a b Average monthly cash balances 1b c Fair market value of other non-exempt-use assets 1c d Total (add lines 1 a, 1 b, and 1 c) 1d e Discount claimed for blockage or other factors {explain in detail in Part Vil: 2 Acquisition indebtedness applicable to non-exempt-use assets 2 3 Subtract line 2 from line 1 d 3 4 Cash deemed held for exempt use. Enter 1-1 /2% of line 3 (for greater amount, see instructions)_ 4 5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5 6 Multiply line 5 by .035 6 7 Recoveries of prior-year distributions 7 8 Minimum Asset Amount (add line 7 to line 6) 8 Section C -Distributable Amount Current Year 1 Adjusted net income for prior year (from Section A, line 8 Column Al 1 2 Enter 85% of line 1 2 3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3 4 Enter greater of line 2 or line 3 4 5 Income tax imposed in prior year 5 6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6 7 LJ Check here if the current year is the organization's first as a non-functionally-integrated Type Ill supporting organization (see 532026 09-23-15 instructions . Schedule A (Form 990 or 990-EZ) 2015 WHEAT RIDGE 2020 INC 56 2550132 Schedule A !Form 990 or 990-EZl 2015 ' . -Paae 7 I Part V I Type Ill Non-Functionally Integrated 509(a)(3) Supporting Organizations fN>nHn,,or11 Section D • Distributions 1 Amounts paid to supported oraanizations to accomplish exempt purposes 2 Amounts paid to perform activity that directly furthers exempt purposes of supported oraanizations, in excess of income from activity 3 Administrative expenses paid to accomplish exempt purposes of suooorted oroanizations 4 Amounts paid to acouire exempt-use assets 5 Qualified set-aside amounts (prior IRS approval reouiredl 6 Other distributions (describe in Part VI). See instructions. 7 Total annual distributions. Add lines 1 throuoh 6. 8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part Vil. See instructions. 9 Distributable amount for 2015 from Section C, line 6 10 Line 8 amount divided bv Line 9 amount Section E -Distribution Allocations (see instructions) 1 Distributable amount for 2015 from Section C, line 6 2 Underdistributions, if any, for years prior to 2015 (reasonable cause reouired-see instructions) 3 Excess distributions carrvover, if anv, to 2015: a b c d From 2013 e From 2014 f Total of lines 3a throuoh e Q Annlied to underdistributions of orior vears h Annlied to 2015 distributable amount i Carrvover from 2010 not aoolied (see instructions) I Remainder. Subtract lines 3o, 3h, and 3i from 3f. 4 Distributions for 2015 from Section D, line?: $ a Annlied to underdistributions of prior vears b Annlied to 2015 distributable amount c Remainder. Subtract lines 4a and 4b from 4. 5 Remaining underdistributions for years prior to 2015, if any. Subtract lines 3g and 4a from line 2 (if amount areater than zero, see instructions). 6 Remaining underdistributions for 2015. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructionsl. 7 Excess distributions carryover to 2016. Add lines 3j and 4c. 8 Breakdown of line 7: a b c Excess from 2013 d Excess from 2014 e Excess from 2015 532027 09-23-15 (i) Excess Distributions Current Year (ii) (iii) Underdistributions Distributable Pre-2015 Amount for 2015 Schedule A (Form 990 or 990-EZ) 2015 Schedule A Form990or990-2015 WHEAT RIDGE 2020 I INC. 56-2550132 Pa e s art Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part Ill, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, Sa, 6, 9a, 9b, 9c, 11 a, 11 b, and 11 c; Part IV, Section 8, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1 c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section 8, line 1 e; Part V, Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions.) 532028 09-23-15 Schedule A (Form 990 or 990-EZ) 2015 SCHEDULED (Form 990) OMB No. 1545-0047 Supplemental Financial Statements 2015 Department of the Treasury Internal Revenue Service ~ Complete if the organization answered "Yes" on Form 990, Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b. II!= Attach to Form 990. Information about Schedule D Form 990 and its instructions is at www.lrs. ovlform990. Open to Public Inspection Name of the organization Employer identification number WHEAT RIDGE 2020, INC. 56-2550132 Part I Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts.complete if the organization answered "Yes" on Form 990, Part IV, line 6. (a) Donor advised funds (b) Funds and other accounts 1 Total number at end of year ............................................. 2 Aggregate value of contributions to (during year) ............ 3 Aggregate value of grants from (during year) ..........•. •..... 4 Aggregate value at end of year ....................................... 5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization's property, subjectto the organization's exclusive legal control? ...................................................... D Yes DNo 6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring im ermissible rivate benefit? .................................................................................................................................... D Yes DNo Part II Conservation Easements. Complete ifthe organization answered "Yes" on Form 990, Part IV, line 7. 1 Purpose(s) of conservation easements held by the organization (check all that apply). D Preservation of land for public use (e.g., recreation or education) D Preservation of a historically important land area D Protection of natural habitat D Preservation of a certified historic structure D Preservation of open space 2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year. Held at the End of the Tax Year a Total number of conservation easements ............................................................................................... . 2a b Total acreage restricted by conservation easements ............................................................................ .. 2b c Number of conservation easements on a certified historic structure included in (a) ................................... . 2c d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ................................................................................................................. . 2d 3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the tax year II!=------ 4 Number of states where property subject to conservation easement is located II!= ------- 5 Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ........................................................................... D Yes DNo 6 Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year .. 7 Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year 11!=$ 8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................................................................................................................... D Yes DNo 9 In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements. I Part Ill I Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete if the organization answered "Yes" on Form 990, Part IV, line 8. 1a If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items. b If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items: (i) Revenue included on Form 990, Part VIII, line 1 .. ....... ........................... .... ................................ ... ......... II!= $ ---------- (ii) Assets included in Form 990, Part X ........................... ,................. ......... ............................. .... ............ II!= $ ---------- 2 If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the following amounts required to be reported under SFAS 116 (ASC 958) relating to these items: a Revenue included on Form 990, Part VIII, line 1 b Assets included in Form 990, Part X LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. 532051 11-02-15 11!=$ _______ _ .. $ Schedule D (Form 990) 2015 Schedt1le D Form990 2015 WHEAT RIDGE 2020, INC. 56-2550132 Pa e 2 Or anizations Maintainin Collections of Art, Historical Treasures, or Other Similar AssetS(continued) 3 Using the organization's acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply): a D Public exhibition d D Loan or exchange programs b D Scholarly research e D Other -----------------------~ c D Preservation for future generations 4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part XIII. 5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similar assets to be sold to raise funds rather than to be maintained as art of the or anization's collection? .. . . ... . . . .. . ... .. . . . . ......... D Yes D No Part IV Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21. 1a Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not included on Form 990, Part X? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...................... . DYes DNo b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount c Beginning balance 1c d Additions during the year 1d e Distributions during the year 1e Ending balance 1f 2a Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability ? LJ Yes LJ No b If "Yes "explain the arranoement in Part XIII. Check here if the explanation has been provided on Part XIII ••••••.••••............................ D I PartV I Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10. lal Current vear (bl Prior vear lcl Two years back ldl Three years back 1a Beginning of year balance .................... b Contributions ···-··· c Net investment earnings, gains, and losses d Grants or scholarships ............ .............. e Other expenditures for facilities and programs .. .......... ..................... f Administrative expenses ········-· ·······•·· g End of year balance ·············-···· ... ..... 2 Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as: a Board designated or quasi-endowment .... b Permanent endowment .... c Temporarily restricted endowment ... ________ % The percentages on lines 2a, 2b, and 2c should equal 100%. 3a Are there endowment funds not in the possession of the organization that are held and administered for the organization by: (i) unrelated organizations .............................................................................................................................................. . (ii) related organizations .................................................................................................................................................. . b If "Yes" on line 3a(ii), are the related organizations listed as required on Schedule R? ........................................................... . 4 Describe in Part XIII the intended uses of the organization's endowment funds. l Part VI I Land, Buildings, and Equipment. Complete if the organization answered "Yes" on Form 990, Part IV, line 11 a. See Form 990, Part X, line 10. Description of property (a) Cost or other (bl Cost or other (c) Accumulated basis (investment) basis (other) depreciation 1a Land ···························································· b Buildings ...................................................... 382,728. c Leasehold improvements .............................. d Equipment ................................................... 44,120. 43,014. e Other ···································· ........... ··········· Total. Add lines 1 a throuoh 1 e. (Column (d) must eaual Form 990, Part X, column (8 ), line 1 Oc.) ... .. ..... ~ lel Four years back Yes No 3a(i) 3a(iil 3b (d) Book value 382,728. 1,106. 383,834. Schedule D (Form 990) 2015 532052 09-21-15 ScheduleD (Form990 2015 WHEAT RIDGE 2020, INC. 56-2550132 Pa e3 Part VII Investments -Other Securities. Complete if the organization answered "Yes" on Form 990, Part IV, line 11 b. See Form 990, Part X, line 12. (a) Description of security or category (including name ot security) (b) Book value (c) Method of valuation: Cost or end-of-year market value (1) Financial derivatives ....................... --.................... (2) Closely-held equity interests ................................. (3) Other (A) (Bl (C) (D) (El (F) (Gl (H)· Total. (Col. (bl must eaual Form 990, Part X, col. (8) line 12.l .... I Part VIII I Investments -Program Related. c "f h omp1ete 1 t e orqamzat1on answere d "Y " F 990 P IV r 11 S F 990 P es on orm , art , ine c. ee orm art X, line 13. (a) Description of investment (b) Book value (c) Method of valuation: Cost or end-of-year market value (1) (2) (31 14) 151 (61 (7) (8) 191 Total. (Col. /bl must eaual Form 990, Part X, col. (Bl line 13.) .... I Part IX I Other Assets. Complete if the organization answered "Yes" on Form 990, Part IV, line 11d. See Form 990, PartX, line 15. (a) Description (b) Book value (1) 121 (3) 141 15) (6) 171 (81 191 Total. (Column (bJ must eaual Form 990 Part X col. fBJline 15.J ................................................................. ...................... I PartX I Other Liabilities. Complete ifthe organization answered "Yes" on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25. 1. (a) Description of liability (b) Book value (1) Federal income taxes (2) (3) {4) (51 (6) (7) (8) (9) Total. (Column (b) must equal Form 990, Part x; col. (B) line 25.) ................... 2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII 00 Schedule D (Form 990) 2015 532053 09-21-15 Schedute D Form990 2015 WHEAT RIDGE 2020, INC. 56-2550132 Pa e4 Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered "Yes" on Form 990, Part IV, line 12a. 1 Total revenue, gains, and other support per audited financial statements 2 Amounts included on line 1 but not on Form 990, Part VIII, line 12: a Net unrealized gains (losses) on investments ...... . b Donated services and use of facilities .................. . c Recoveries of prior year grants d Other (Describe in Part XIII.) 2a 2b 74,976. 2c 2d 11,376. e Add lines 2a through 2d ................................................................................................................................ . 3 Subtract line 2e from line 1 4 Amounts included on Form 990, Part VIII, line 12, but not on line 1: a Investment expenses not included on Form 990, Part VIII, line 7b ........................ I 4a I t--t----------1 1 2e 3 686,223. 86,352. 599,871. b Other (Describe in Part XIII.) .. . . .... ... ...... ............ . ........... ...... ... ......... ...... .._4"'b'"""---------i c Add lines 4a and 4b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1--4c-1--_.....,,,,..,,....,......,..."=""0,__. 5 Total revenue. Add lines 3 and 4c. (This must eaua/ Form 990 Part I line 12.J .. -----------------·-·-·················· 5 5 9 9 , 8 71 • I Part XII I Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered "Yes" on Form 990, Part IV, line 12a. Total expenses and losses per audited financial statements ..................................................... . 1 583,603. 2 Amounts included on line 1 but not on Form 990, Part IX, line 25: a Donated services and use of facilities ............................................................. . 2a 74,976. b Prior year adjustments ................... . 2b c Other losses ........ _ ........ ___ ............................................................................... . 2c d Other (Describe in Part XIII.) 2d 11,377. e Add lines 2a through 2d .............................................................................................. . 2e 86,353. 3 Subtract line 2e from line 1 3 497,250. 4 Amounts included on Form 990, Part IX, line 25, but not on line 1: a Investment expenses not included on Form 990, Part VIII, line 7b .. ................... ... l1--4a=-l1----------1 b Other (Describe in Part XIII.) .. . ......... ......... .... ........ ............ ........... .... ......... ......... .....,.4,..b...._ ______ _ c Add lines 4a and 4b 4c 0. 5 Total exoenses. Add lines 3 and 4c. (This must eaual Form 990 Part I line 18.) 5 497 ,25 0 . I Part Xllll Supplemental Information. Provide the descriptions required for Part II, lines 3, 5, and 9; Part Ill, lines 1 a and 4; Part IV, lines 1 b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information. PART X, LINE 2: AS OF JUNE 30, 2015, THE COMPANY HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D -OTHER ADJUSTMENTS: RENTAL INCOME AND EXPENSES ARE REPORTED NET ON LINE 11 OF FORM 990 PART XII, LINE 2D -OTHER ADJUSTMENTS: RENTAL INCOME AND EXPENSES ARE REPORTED NET ON LINE 11 OF FORM 990. THEY ARE SEPARATE ON THE FINANCIALS 09-21-15 Schedule D (Form 990) 2015 ROUNDING 532055 09-21-15 WHEAT RIDGE 2020, INC. 56-2550132 Pa es Schedule D (Form 990) 2015 SCHEDULE M Non cash Contributions OMB No. 1545-0047 (Form 990) 2015 ~ Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30. Department of the Treasury ~ Attach to Form 990. Open To Public Internal Revenue Service ~ Information about Schedule M IForm 990! and its instructions is at www.lrs.aovlform990. Inspection Name of the organization I Employer identification number WHEAT RIDGE 2020, INC. 56-2550132 I Part I I Types of Property (a) (b) (c) (d) Check if Number of Noncash contribution Method of determining applicable contributions or amounts reported on noncash contribution amounts items contributed Form 990 Part VIII line 1n 1 Art · Works of art ............... ····---... ··-···-·· 2 Art · Historical treasures .... -·. --·· --··· 3 Art · Fractional interests ................ .... . ...... 4 Books and publications .. ....... .... ..... ........ 5 Clothing and household goods ·····•·· 6 Cars and other vehicles ... ····· ....... ······- 7 Boats and planes ........... --··· .................. .. 8 Intellectual property .. ................... .......... 9 Securities · Publicly traded ........................ 10 Securities · Closely held stock .... ................ 11 Securities · Partnership, LLC, or trust interests ........................................ 12 Securities· Miscellaneous ························ 13 Qualified conservation contribution - Historic structures .................................... 14 Qualified conservation contribution · Other ... 15 Real estate · Residential ........................... 16 Real estate · Commercial ........................... 17 Real estate -Other .................................... 18 Collectibles ................................................ 19 Food inventory .......................................... 20 Drugs and medical supplies ............ ............ 21 Taxidermy ················································ 22 Historical artifacts .................................... 23 Scientific specimens ................................. 24 Archeological artifacts .............................. 25 Other .... ( ADVERTISEMENT) x 1 49,852. CASH VALUE 26 Other .... ( SILENT AUCTIOJ x 68 11,383. :2ASH VALUE 27 Other .... ( GIFT CARDS ) x 6 8,320. :2ASH VALUE 28 Other .... ( SUBMARKET LEA 1 x 1 5,187. MARKET RATE 29 Number of Forms 8283 received by the organization during the tax year for contributions l 29 1 for which the organization completed Form 8283, Part IV, Donee Acknowledgement .... .... .. Yes No 30a During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which is not required to be used for exempt purposes for the entire holding period? .... ........................................... ... ............................................................. 30a x b If "Yes," describe the arrangement in Part II. 31 Does the organization have a gift acceptance policy that requires the review of any non-standard contributions? 31 x .................. 32a Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash contributions? .... ························ .............. .. ...... ................... ........ .................................................... . . . . . . . . . . . . . . . . . . . . . . . . . 32a x b If "Yes," describe in Part II. 33 If the organization did not report an amount in column (c) for a type of property for which column (a) is checked, describe in Part II. LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule M (Form 990) (2015) 532141 08-21-15 56-2550132 ~e 2 Supplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information. PART I, OTHER TYPES OF PROPERTY: BEVERAGE DONATIONS {A} CHECK IF APPLICABLE = X {B} NUMBER OF CONTRIBUTIONS = 12 (C) REVENUE REPORTED ON FORM 990, PART VIII $ 3104. {D} METHOD OF DETERMINING REVENUE: CASH VALUE SIGNAGE (A} CHECK IF APPLICABLE = X {B} NUMBER OF CONTRIBUTIONS = 2 {C} REVENUE REPORTED ON FORM 990, PART VIII $ 2700. (D} METHOD OF DETERMINING REVENUE: CASH VALUE 532142 08-21-15 Schedule M (Form 990) (2015) SCHEDULE 0 (Form 990 or 990-EZ) Department of the Treasury Internal Revenue Service Supplemental Information to Form 990 or 990-EZ Complete to provide information for responses to specific questions on Form 990 or 990-EZ or to provide any additional information. .... Attach to Form 990 or 990-EZ. OMB No. 1545-0047 2015 Open to Public Ins ection Name of the organization Employer identification number WHEAT RIDGE 2020, INC. 56-2550132 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: 2020 ATTRACTS AND RETAINS STAKEHOLDER HOUSEHOLDS AND BUSINESSES BY FACILITATING DEVELOPMENT AND INFLUENCING REGULATORY AND POLICY CHANGES NECESSARY TO REALIZE A VIBRANT AND SUSTAINABLE COMMUNITY. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: VIBRANT AND SUSTAINABLE COMMUNITY. FORM 990, PART VI, SECTION A, LINE 6: THE ORGANIZATION WAS ORGANIZED AS A MEMBERSHIP ORGANIZATION UNDER THE COLORADO STATUTES FOR NOT FOR PROFIT ORGANIZATIONS (TITLE 7, ARTICLE 21). FORM 990, PART VI, SECTION A, LINE 7A: THE MEMBERS OF THE ORGANIZATION ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11: THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING TO ENSURE ALL INFORMATION CONTAINED IN THE FORM IS CORRECT WITH RESPECT TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12C: BOARD REVIEWS ON PERIODIC BASIS FORM 990, PART VI, SECTION B, LINE 15: THE EXECUTIVE COMMITTEE DETERMINES COMPENSATION BY REVIEWING THE EMPLOYEES PERFORMANCE AND CONSIDERS THE BUDGETARY REQUIREMENTS FOR THE YEAR IN WHICH LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. 532211 09-02-15 Schedule 0 (Form 990 or 990-EZ) (2015) Schedule 0 Form 990 or 990-2015 Pa e2 Name of the organization Employer identification number WHEAT RIDGE 2020, INC. 56-2550132 THE COMPENSATION WILL EFFECT. THEY ALSO CONSIDER ANNUAL COST OF LIVING ADJUSTMENTS, ECONOMIC CONDITIONS AND COMPETITIVE CONDITIONS TO DETERMINE SALARY BUDGET INCREASES. FORM 990, PART VI, SECTION C, LINE 19: ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE llG, OTHER FEES: OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 30,689. MANAGEMENT AND GENERAL EXPENSES 22,470. FUNDRAISING EXPENSES 1,750. TOTAL EXPENSES 54,909. TOTAL OTHER FEES ON FORM 990, PART IX, LINE llG, COL A 54,909. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: ROUNDING -1. FORM 990 PART XII 2C WHEATRIDGE 2020 HAS A FINANCE COMMITTEE THAT REVIEWS THE AUDIT FOR APPROVAL BEFORE ISSUANCE. 532212 09-02-15 Schedule 0 (Form 990 or 990-EZ) (2015) 01-105 Economic Development Program Budget Account Detailed Explanation 2013 Adopted 2014 Adopted 2015 Adopted 2016 Adopted 2017 Adopted Core Wheat Ridge 2020 Programs 721 Business and Home Loans 150,000$ 50,000$ 50,000$ 50,000$ 50,000$ 721 Live Local 20,000$ 35,000$ 40,000$ 50,000$ 50,000$ 721 Communications, Education, Outreach 12,000$ 20,000$ 20,000$ 35,000$ 35,000$ 721 Marketing/Positioning Tours -$ 15,000$ 15,000$ 20,000$ 20,000$ 721 Block Improvement Program - TLC WR -$ 15,000$ 35,000$ 40,000$ 40,000$ 721 Rental City Facilities -$ 4,000$ 5,000$ 4,000$ 4,000$ 704 Economic and Business Development -$ -$ 12,000$ -$ -$ Subtotal 182,000$ 139,000$ 177,000$ 199,000$ 199,000$ Strategic Plan Program Investments and City Priority Support 721 HEAL and Active Living Coalition and Plan Support 20,000$ 721 NRS Reaffirmation 27,500$ 721 Community Engagment and Communications -$ -$ -$ 25,000$ 30,000$ 721 Capacity Building and Accountability -$ 3,500$ Subtotal -$ -$ -$ 25,000$ 81,000$ Ridge at 38-Business Improvement District BID matching funding -$ -$ -$ 721 BID Feasibility Study -$ 10,000$ -$ 704 BID Project management -$ -$ 10,000$ -$ -$ Subtotal -$ 10,000$ 10,000$ -$ -$ Ridge at 38 Events 710 Ridge at 38 Events 67,000$ 70,000$ 88,600$ 120,000$ 140,000$ 710 Ridge at 38 Map and Directory 7,000$ 7,000$ -$ 710 Wheat Ridge Business District 90,000$ 45,000$ 45,000$ Subtotal 164,000$ 122,000$ 133,600$ 120,000$ 140,000$ Ridge at 38 Plan Implementation 721 38th Ave. Banners and Lights -$ 25,000$ 15,000$ 25,000$ 25,000$ 721 38th Ave. Leadership Committee -$ 18,000$ 17,500$ 12,000$ 12,000$ 721 38th Ave. Marketing Materials -$ 25,000$ 20,000$ 30,000$ 30,000$ 721 38th Ave. Marketing Plan Implementation 100,000$ -$ -$ 721 38th Ave. Website/Social Media -$ 10,000$ 7,500$ 10,000$ 10,000$ 721 Block Parties 2,500$ -$ -$ 721 Dumpster Days 5,000$ -$ -$ 721 Grant Programs 26,000$ -$ -$ 721 Commerical Improvement Program -$ 15,000$ -$ Subtotal 133,500$ 93,000$ 60,000$ 77,000$ 77,000$ OVERALL TOTALS:479,500$ 364,000$ 380,600$ 421,000$ 497,000$ 704 Contractual Services -$ -$ 22,000$ -$ -$ 710 Marketing and Sponsorships 164,000$ 122,000$ 133,600$ 120,000$ 140,000$ 721 NRS Implementation 315,500$ 242,000$ 225,000$ 301,000$ 357,000$ Total 479,500$ 364,000$ 380,600$ 421,000$ 497,000$ Localworks Adopted Budget 2017 Summary of funding from above: Note: This is a summary of the City funding received by Localworks. For questions about Localworks programming, please contact Localworks at 720-259-1030. For questions regarding the City budget process, please contact Heather Geyer, Administrative Services Director/Budget Manager at 303-235-2826. Memorandum TO: Mayor and City Council THROUGH: Patrick Goff, City Manager FROM: Scott Brink, Public Works Director DATE: February 23, 2017 (For March 6, 2017 Study Session) SUBJECT: Staff Report: I-70/Kipling Interchange Status ISSUE The Colorado Department of Transportation (CDOT) is currently moving forward with the Environmental Assessment (EA) phase for the eventual reconstruction of the I-70/Kipling Interchange. At this time, no funding has been attained for construction of the project, and therefore no construction schedule has yet been developed. However, CDOT with the assistance of its consultant, David Evans and Associates (DEA), is moving forward with the development of a preferred alternative as part of completing the EA. As part of this process, the CDOT team has scheduled an informational public meeting for Thursday, March 23 at the Wheat Ridge Recreation Center. For the March 6 Study Session, a representative of CDOT and/or DEA will be present to provide an update on the EA process and go over the preferred alternative and other information that will be provided to the public on March 23. BACKGROUND CDOT completed a Planning and Environmental Linkage (PEL) in 2013, similar to the process the City utilized for the Wadsworth Boulevard Improvement Project. At the conclusion of the PEL, after the vetting of several design alternatives, two preferred alternatives were chosen to move forward: A Single Point Urban Interchange (SPUI), and a Traditional Diamond (Diamond). Conceptual layouts of these two designs are provided per Attachments A and B. A third alternative, referred to as a Diverging Diamond Interchange (DDI) has since been added to the EA process for evaluation along with the SPUI and the Diamond alternatives. A relatively newer type of design, DDIs have been increasing in construction and use in recent years both nationally and here in Colorado. Since completion of the PEL nearly four years ago, the DDI has received increased attention as a viable alternative. An example is the recently opened DDI at U.S. Highway 6 and McCaslin Boulevard (Superior/Louisville) which has received very positive feedback and results, both in terms of traffic operations and safety. Traffic counts and projections for the I-70/Kipling area have also been updated since 2013. In evaluating the three alternatives further, CDOT and their consultant utilized a table or matrix that evaluated each alternative against various categories, including traffic operations, safety, multi-modal accommodations, environmental and property impacts, and constructability (See attached Exhibit 1). After completing this evaluation and comparing the alternatives further, the 2 DDI (Attachment C) has emerged as the preferred alternative at this time. CDOT project staff will provide further explanation and answer any questions regarding the alternatives evaluation and the project in general on March 6. FINANCIAL IMPACT For the current process to date, there have been no direct financial impacts to the City. Once funds are secured for an actual project, there will be impacts mainly to adjacent properties that will need to be acquired for right-of-way purposes. However, reconstruction of this interchange has been supported by the City for several years, not only for mitigating traffic congestion and enhancing safety, but for also serving as a catalyst for redevelopment opportunities along the Kipling St. corridor. The attached concept drawings provide a general overview of how a new interchange would impact properties and access locations. Further details and impacts to properties would be quantified upon further detailed construction design in the next project phase. SCHEDULE/NEXT STEPS Following is an anticipated schedule for completing the EA process: • Public Meeting #1: March 23, 2017 • Technical Team Meeting #3: Spring 2017 • Environmental Analysis: Spring – Summer 2017 • Public Meeting #2: Summer 2017 • Preliminary Design: Spring – Fall 2017 • Public Meeting: Fall 2017/Winter 2018 (after EA is published) • Decision document expected January 2018. As part of more immediate available mitigation measures, CDOT is nearing completion of an additional Eastbound I-70 lane extending from the Kipling on-ramp. Short-term improvements at the westbound off-ramp will also be investigated after a preferred alternative is finalized. ATTACHMENTS 1. Attachment A (SPUI) 2. Attachment B (Diamond) 3. Attachment C (DDI) 4. Exhibit 1 (Alternatives Evaluation) 1-70/Kipling Interchange N FRONTAGE RD : -: : -: : : ---- ----: : : = : : ----- ---- - - : -~ - ti J---...,...------,,,,.,,.....-----1 Partial Acquisition a: UJ ~ _, j....;:..~~-~~.....;;..~--=-.=----1 ~ Driveway Maintained A TTACHMENT A --- :. --- DRAFT 2/8/17 Driveways Maintained Transit Stop Maintained p SINGLE POINT URBAN INTERCHANGE Partial Acquisition and Parking Modifications I-70/Kipling Interchange ---- ---- Drivewa ---- ---- i-----=-=~---'-=--:::----:-----'f~---i Partial Acquisition and Driveway Modifications Full Acquisitions -- - ATTACHMENT B DRAFT 2/8/17 ----- ----------- -- ---- TRADITIONAL DIAMOND INTERCHANGE - ----- - Partial Acquisition and Driveway Closed with Modifications Full Acquisition Potential Future ~---~ Development Access 5' 150' 1-70/Kipling Interchange Ii; ~o< ~ Partial Acquisition and ~ Driveway Maintained 1--..=:.;...;;....;;;;...:;...:-::-----i---i Partial Acq uisition and Driveway Modifications ATTACHMENT C DRAFT 2/8/17 DIVERGING DIAMOND INTERCHANGE Driveways Maintained ~---~ Partial Acquisition and Parking Modifications -: -- --: --: : ------------------- : : ------: --: : : ---: ------ ----. --: : .. -- --.. ------- Partial Acquisition and Driveway --::iilrlfl'~71 Closed with Modifications Full Acquisition Transit Stop Relocated 2/24/2017 NA 1 2 3 No Action Single Point Urban  Interchange (SPUI) Traditional Diamond  Interchange (TDI) Diverging Diamond  Interchange (DDI) Intersection peak hour Level of  Service (LOS) and delay (sec) (AM  / PM) Red = LOS E or F WB Ramps: D (48) / D (52) EB Ramps: B (20) / E (55)Ramps: D (47) / E (77)WB Ramps: C (24) / C (27) EB Ramps: C (27) / C (26) WB Ramps: C (24) / C (26) EB Ramps: C (22) / B (19) Peak hour queue lengths (ft)  approaching interchange (AM /  PM) Red = Queues longer than No Action or 600  feet, whichever is greater  SB Kipling: 845 / 1426 NB Kipling: 96 / 2117 WB Exit Ramp: 376 / 2405 SB Kipling: 293 / 649 NB Kipling: 81 / 592 WB Exit Ramp: 159 / 736 SB Kipling: 93 / 64 NB Kipling: 42 / 162 WB Exit Ramp: 85 / 86 SB Kipling: 249 / 87 NB Kipling: 34 / 73 WB Exit Ramp: 92 / 390 I‐70 Vehicle Density (veh/mi/ln) Green = 28 veh/mi/ln or less Black = 28.1 to 35 veh/mi/ln Red = 35.1 veh/mi/ln or greater West of Kipling interchange: EB I‐70 diverge: 31.6 / 30.6 WB I‐70 merge: 50.0 / 18.9 East of Kipling interchange: EB I‐70 merge: 32.9 / 27.6 WB I‐70 diverge: 28.8 / 107.7 West of Kipling interchange: EB I‐70 diverge: 31.1 / 37.2 WB I‐70 merge: 25.9 / 21.3 East of Kipling interchange: EB I‐70 merge: 27.8 / 28.0 WB I‐70 diverge: 25.6 / 54.2 West of Kipling interchange: EB I‐70 diverge: 31.2 / 35.9 WB I‐70 merge: 26.7 / 24.0 East of Kipling interchange: EB I‐70 merge: 27.9 / 28.4 WB I‐70 diverge: 21.9 / 22.6 West of Kipling interchange: EB I‐70 diverge: 31.0 / 29.5 WB I‐70 merge: 26.8 / 24.3 East of Kipling interchange: EB I‐70 merge: 27.9 / 24.8 WB I‐70 diverge: 21.9 / 28.8 Perceived driver expectancy              (easy, moderate, difficult) Easy (Green) = Typical layout with  directional movements Moderate (Black) = Unusual layout but  directional movements or typical layout  with movement difficulties Difficult (Red) = Unusual layout with  unexpected decision points or unusual turn  movements Moderate Typical urban interchange layout,  but close signal spacing and tight  area makes maneuvering difficult Easy Directional interchange layout   with layout familiar to Denver  metro area Easy Typical urban interchange layout  with greater signal spacing and  added capacity to facilitate  movements Moderate Directional interchange layout  with limited familiarity in  Denver metro area, but more  planned at other locations Expected change in number of  accidents Green = Substantial decrease expected  from reduced congestion and conflict  points  Black = Notable decrease expected from  reduced congestion and conflict points Red = Increase expected from additional  congestion and conflict points Increase due to additional congestion as  traffic volumes increase Decrease due to reduction in congestion  and less conflict points with  fewer intersections Decrease due to reduction in congestion  and less conflict points with  fewer intersections Substantial Decrease due to reduction in congestion  and less conflict points Reduction in multimodal conflict  points (ramps and frontage road  intersections on Kipling) Relative Scale: Green = Reduction more than 50% Black = Reduction 10‐50% Red = Reduction less than 10% Vehicular = 90 points Vehicular = 84 points Pedestrian crossings of high‐ speed right turns Vehicular = 34 points Pedestrian crossings of high‐ speed right turns Vehicular = 22 points Controlled pedestrian crossings  to center median of interchange  would further decrease conflicts Missing sidewalk/path links & out‐ of‐direction travel Green = Direct connections Black = Some out‐of‐direction travel Red = Substantial out‐of‐direction travel &  no bike lanes Only narrow sidewalk provided  directly through interchange and  no bike lanes Path and bicycle lanes  provided directly through  interchange with signalized  connections to frontage roads Path and bicycle lanes provided  directly through interchange,  but some out‐of‐direction travel  for pedestrians and bicyclists  crossing Kipling at 49th Ave Path and bicycle lanes provided  directly through interchange,  but some out‐of‐direction travel  for pedestrians and bicyclists  crossing Kipling at 49th Ave User perception of comfort and  safety of pedestrian and bicycle  movements  (easy, moderate, difficult) Easy (Green) = Generally feels comfortable  for pedestrian and bicycle movements with  direct connections through interchange Moderate (Black) = Key characteristic  makes alternative uncomfortable or out‐of‐ direction movements Difficult (Red) = Several characteristics  make alternative uncomfortable and out‐of‐ direction movements Difficult Increasingly uncomfortable for  pedestrians with increased  vehicular congestion and  sidewalks under the bridge with  limited median refuge areas Easy Shared use paths and bicycle  lanes directly through the  interchange and traffic signals  at both frontage roads provide  Kipling Street crossing Moderate Shared use paths and bicycle  lanes directly through the  interchange, but no signalized  crossing at 49th Ave Moderate Shared use paths and bicycle  lanes directly through the  interchange, but no signalized  crossing at 49th Ave Potentially impacted noise  receptors Green = Moderate decrease Black = Slight increase or decrease Red = Moderate increase Moderate noise increase to surrounding homes and hotels  from increase in congestion Slight noise reduction from  decrease in congestion Slight noise increase from higher speeds and ramps  closer to homes and hotels  Slight noise increase from higher speeds and ramps  closer to homes and hotels  Potentially impacted parks &  recreation areas (Kipling Trail, Fruitdale Park) Relative Scale: Green = No impact expected Black = Slight impact Red = Minor or major impact No impacts No impacts expected No impacts expected No impacts expected Right‐of‐Way required Relative Scale: Green = No full acquisitions Black = 2 or less full acquisitions; less than 5  total acres Red = 3 or more full acquisitions; more than  5 total acres None Full = 0.5 acres Partial = 0.2 acres Total = 0.7 acres Full = 6.8 acres Partial = 0.8 acres Total = 7.6 acres Full = 6.8 acres Partial = 0.9 acres Total = 7.7 acres Number of property accesses  impacted Relative Scale: Green = No accesses  Black = 1 ‐ 4 accesses Red = 5 or more accesses No impacts No accesses impacted with  partial acquisition 2 existing accesses impacted  with partial acquisition 3 existing accesses impacted  with partial acquiaition Perceived difficulty to access area  businesses                       (easy,  moderate, difficult) Easy (Green) = Typical layout and full access  to frontage roads and driveways Moderate (Black) = Limited access to  frontage roads and/or driveway closures Difficult (Red) = Out‐of‐direction turns to  get to frontage roads Moderate Increased congestion creates  issues for accessing businesses  due to congestion in peak travel  hours Easy Typical interchange layout and  full access to frontage roads Moderate Typical interchange layout, but  limited direct access to 49th Ave  and South Frontage Road access  moved farther from interchange Moderate Familiar interchange layout, but  limited direct access to 49th Ave  and South Frontage Road access  moved farther from interchange Conceptual‐level probable costs       (low, moderate, high, very high) Green = under $40 Million Black = $40 to 60 Million Red = over $60 Million None Moderate Construction = $50 ‐ 60 Million ROW = $2 ‐ 5 Million Total = $55 ‐ 65 Million Moderate Construction = $40 ‐ 50 Million ROW = $10 ‐ 15 Million Total = $50 ‐ 65 Million Moderate Construction = $40 ‐ 50 Million ROW = $10 ‐ 15 Million Total = $50 ‐ 65 Million Constructability                                    (easy, moderate, difficult) Easy (Green) = Typical construction mostly  outside of existing roadway Moderate (Black) = Moderate construction  within tight area Difficult (Red) = Major construction  complexity with major traffic impacts N/A Difficult due to building clear‐span  bridge over Kipling adjacent to  existing I‐70 bridges Easy  because most construction is  outside of traffic on new  alignments with typical structure  construction Moderate due to constructing geometric  changes with tight staging area  constraints Opportunities to construct in  phases             (easy, moderate, difficult) Easy (Green) = Opportunity for substantial  benefits with areas implemented separately Moderate (Black) = Some opportunity for  initial benefit without throwaway Difficult (Red) = Substantial benefits not  realized unless major construction with  relatively large funding source N/A Difficult Potential for short‐term  freeway and ramp  improvements, but bridge with  ramps must be constructed at  once Easy Potential for short‐term freeway  improvements and ramp  improvements with minor throw‐ away and opportunities for  ramps to be constructed  separately with bridge work  later Difficult Potential for short‐term freeway  and ramp improvements, but  crossover with bridge must be  constructed at once CARRIED FORWARD for comparison in NEPA  documentation NOT RECOMMENDED NOT RECOMMENDED RECOMMENDED AS PREFERRED  ALTERNATIVE Poor traffic operations and  increasing safety issues due to  additional congestion by 2035 No changes to inadequate  multimodal connections through  the interchange Interchange breaks down with  poor traffic operations during  peak hours Minor community and ROW  impacts and direct multimodal  connections through the  interchange area Interchange layout with no  change to current frontage  road and business access Difficult construction impacts  and limited opportunities to  construct in phases Improved vehicular operations  and safety with direct  multimodal connections through  interchange area Impacts to area business access  with change in frontage road  access   Opportunities to construct in  phases, but moderate ROW  impacts with S Frontage Rd  relocation Substantial safety benefits with  less multimodal conflict areas  and improved vehicular  operations and direct  multimodal connections  through interchange area Impacts to area business access  with change in frontage road  access   Limited opportunities to  construct in phases and  moderate ROW impacts with S  Frontage Rd relocation I-70 & Kipling Interchange - Post-PEL Study Alternatives Evaluation Color‐Code Legend SUMMARY OF RESULTS NOTES Category Screening Criteria Optimize  operations and  reduce  congestion Improve traveler  safety Accommodate  multimodal  connections Maximize  constructability Avoid and  minimize  environmental  impacts Avoid and  minimize  community  impacts Memorandum TO: Mayor and City Council FROM: Kenneth Johnstone, Community Development Director THROUGH: Patrick Goff, City Manager DATE: February 24, 2017 (for March 6th study session) SUBJECT: Freestanding Emergency Rooms BACKGROUND: On April 11, 2016, City Council adopted Ordinance 1595 placing a 365-day temporary moratorium on the submission, acceptance, processing and approval of applications for “freestanding emergency rooms.” As defined in Section 3 of the ordinance, such facilities were defined as follows: “a medical facility that is not physically attached to a hospital facility that has the capacity of providing medical care and services to patients with emergency medical conditions in a manner similar to emergency rooms located within hospitals. Features of a freestanding emergency room facility may include, but are not limited to expanded hours of operation, drive-lanes or vehicle bays to accommodate ambulance arrivals and departures, board certified emergency physicians, board-certified emergency nurses, on-site lab and imaging capabilities and similar equipment, services and treatments not commonly available in urgent care facilities.” The ordinance was effective on April 28, 2016 and expires on April 27, 2017. The ordinance also directed staff to investigate and prepare proposed regulations. In the intervening time, staff has been monitoring the topic at a policy level and has been aware of the potential for the state to address the topic through statutory amendments which may have pre-empted the need for additional local regulations or alter the manner in which local regulations would be crafted. Statutory language was drafted during the early part of 2017 and was introduced very recently during the legislative session; however, said legislation failed to advance out of committee and does not appear to be moving forward during the 2017 legislative session. Existing Regulations The concept of freestanding emergency rooms is relatively new and has only emerged in the state of Colorado in the past few years. It has existed in some other states for somewhat longer. Because it is a new land use concept, the municipal code is silent to this specific use. The City’s zoning code defines hospitals and allows them in certain zoning districts. The City’s zoning code also defines medical offices and allows those in certain zone districts. These freestanding emergency rooms have characteristics of both of these uses and likely fall somewhere between the two in terms of the intensity of the use and associated impacts. 2 With the code being silent to this specific use, the Community Development Director has determined that the use is most similar to a hospital emergency room and therefore allowed to be located in the same manner. Hospitals are not permitted in any of the City’s “straight” zoning districts, based on those use charts being silent to hospitals as a use group. However, hospitals are allowed in the City’s Planned Hospital Districts (PHD) upon approval of a rezoning of a property to that district. Currently only the Exempla Lutheran hospital campus is zoned PHD. In the City’s Mixed Use Districts, hospitals are included in those use charts and are allowed in all of the Mixed Use Commercial (MU-C) Districts and not allowed in the Mixed Use Neighborhood District. Potential Code Amendments Absent any adopted or pending state regulations, it is now appropriate to consider whether any additional local regulations should be considered for adoption. That said, there is not adequate time between now and the current expiration date of the temporary moratorium (April 27, 2017) to give proper consideration to new local regulations on these facilities. Local regulations could include: • Modifications to Chapter 26 (Zoning and Development Code) defining freestanding emergency rooms and allowing them to be located in specific zoning districts. Some of the zoning approaches that might be considered would include: o Limiting the number of zoning districts within which they would be allowed o Requiring a special use permit or conditional use permit to authorize these uses o Limiting the total number of such facilities within the City o Establishing certain spacing requirements between such uses and/or between such uses and other existing emergency room facilities o Establishing other operational requirements such as hours of operation • Modifications to Chapter 11 (Licensing) creating unique licensing and permitting requirements for freestanding emergency rooms. Certain operational requirements could also be located in this chapter, including the possibility of allowing such licenses only upon a demonstration of “need,” relative to the location and spacing of other similar medical facilities. Next Steps As noted previously, new local regulations regarding freestanding emergency rooms have not yet been drafted and various options exist for City Council to consider. Absent any state regulations, local jurisdictions are now able to pursue their own course of action on this matter. With the pending expiration of the moratorium occurring in approximately 6 weeks, City Council has two principle options: Option 1: Allow the temporary moratorium to lapse and do nothing further. In this option, we would default to the existing regulatory environment as previously summarized, generally allowing freestanding emergency rooms in areas zoned PHD or MU-C. Option 2: Consider an ordinance extending the moratorium to allow time for additional regulations to be drafted and considered as an ordinance. It should be noted that amendments to Chapter 26 would also require review and recommendation by the Planning Commission. Staff would recommend a six-month moratorium. Staff would also request preliminary direction as to 3 the manner in which additional regulations should be crafted. An additional substantive study session would then be scheduled to discuss draft regulations and the PC would be engaged in the drafting and review processes.