THE COLORADO EDUCATION INITIATIVE

EIN: 261597530 501(c)(3) Arts, Culture & Humanities

DENVER, CO

Total Revenue
$7,651,232
Total Expenses
$6,175,742
Total Assets
$7,950,270
Net Assets
$7,349,702
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CO
Principal Officer
REBECCA HOLMES
Phone
3037366477
Tax Period
2023-01-01 to 2023-12-31

THE COLORADO EDUCATION INITIATIVE, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.7M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 19% operating margin.

Mission

CEI CHAMPIONS, EMPOWERS, AND IGNITES COLORADO LEADERS TO DELIVER ON THE PROMISE OF PUBLIC EDUCATION TO DEVELOP THRIVING YOUNG PEOPLE AND FLOURISHING COMMUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,008,185
Program Service Revenue $3,455,983
Investment Income $183,054
Other Revenue $4,010
TOTAL REVENUE $7,651,232

Expense Breakdown

Grants Paid $88,465
Salaries & Benefits $3,953,756
Fundraising Expenses $224,824
Program Expenses $5,254,677
Other Expenses $2,133,521
TOTAL EXPENSES $6,175,742

Year-over-Year Comparison

2023 2022 Change
Revenue $7,651,232 $6,155,522 +0.2%
Expenses $6,175,742 $4,931,955 +0.3%
Net Income $1,475,490 $1,223,567 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
42
Volunteers
16

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$411,357
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEERA MANI BOARD CHAIR 2.00
Officer Director
$0 $0 $0
LINDSEY PADRINO VICE CHAIR 2.00
Officer Director
$0 $0 $0
SARAH KENDALL HUGHES SECRETARY 2.00
Officer Director
$0 $0 $0
GRAHAM FORMAN TREASURER 2.00
Officer Director
$0 $0 $0
RICHARD ALPER BOARD MEMBER 2.00
Director
$0 $0 $0
ELAINE GANTZ BERMAN BOARD MEMBER 2.00
Director
$0 $0 $0
MARIELENA DESANCTIS BOARD MEMBER 2.00
Director
$0 $0 $0
TERAY ESQUIBEL BOARD MEMBER 2.00
Director
$0 $0 $0
RENNY FAGAN BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL GERSACK BOARD MEMBER 2.00
Director
$0 $0 $0
JERRY GLICK BOARD MEMBER 2.00
Director
$0 $0 $0
KEN HAPTONSTALL BOARD MEMBER 2.00
Director
$0 $0 $0
BRUCE HOYT BOARD MEMBER 2.00
Director
$0 $0 $0
GEORGE SPARKS BOARD MEMBER 2.00
Director
$0 $0 $0
KWAME SPEARMAN BOARD MEMBER 2.00
Director
$0 $0 $0
REBECCA F HOLMES PRESIDENT AND CEO 40.00
Officer
$216,105 $28,153 $244,258
JEREMY S O'GRADY CHIEF OPERATING OFFICER 40.00
Officer
$141,334 $25,765 $167,099
SAMANTHA OLSON VP OF STRATEGY 40.00
Highest
$142,905 $25,898 $168,803
AMY SPICER VP OF IMPLEMENTATION 40.00
Highest
$127,890 $8,822 $136,712
EMILY A WEXLER LOVE CHIEF OF RESEARCH AND DEVE 40.00
Highest
$123,718 $25,056 $148,774
ALEXANDER B CARTER VP OF IMPLEMENTATION 40.00
Highest
$159,235 $8,082 $167,317
PAUL BECK DIRECTOR OF DISTRICT IMPLEMENTATION AND DESIGN 40.00
Highest
$110,511 $6,407 $116,918
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $7,651,232 $6,175,742 $7,950,270 $1,475,490
2022 $6,155,522 $4,931,955 $6,310,321 $1,223,567
2021 $3,690,284 $4,541,131 $5,028,811 $-850,847
2020 $5,581,459 $4,330,113 $5,731,125 $1,251,346
2019 $4,550,355 $5,523,773 $4,496,308 $-973,418
2018 $7,278,548 $6,777,706 $5,669,922 $500,842
Explore More Nonprofits
Top 100 Nonprofits in Colorado Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE COLORADO EDUCATION INITIATIVE with other nonprofits in Colorado and across the country.