From my work in cardiovascular research to pastoring churches to the nonprofit space, I’ve learned that good numbers can point to a larger story that leaders should understand. Our financial report from a disrupted year tells us the story of three inseparable gifts: the generosity of our community, the stewardship of our staff, and the grace of God.
As a donor to Denver Institute and other city nonprofits, I want to know that the organization is stewarding the resources God gives them well and is operating in a financially healthy way. You can see “good numbers” below in these graphs, but the larger story of stewardship, financial health, and God’s grace can be seen in many ways.
- In 2020 we continued to see consistent and growing support from donor generosity.
- Through careful spending and programing changes by our staff, we ended the year with greater net assets.
- We received a Payroll Protection Plan loan which was fully forgiven in 2020.
- We have added a “Generous Giving” line to our operating budget — a way for us to financially support local nonprofits through the generosity extended to us.
- We continue to maintain the accounting practices and standards required to be members of the Evangelical Council for Financial Accountability.
- Because of your generosity, we are well positioned for healthy growth in 2021 and beyond.
This gracious financial story leaves us deeply grateful to our donors for their belief in this mission and to God for his sustaining presence to us.
