EIN 85-2257483

Center for Community Wealth Building

IRS 501(c) type
501(c)(3)
Num. employees
10
City
Year formed
2020
Most recent tax filings
2023-06-01
Description
Center for Community Wealth Building empowers communities of color by democratizing ownership and strengthening entrepreneurship. Its mission is to build an inclusive economy that works for all through training sessions, curriculum development, and culturally responsive business support.
Total revenues
$1,927,955
2023
Total expenses
$1,097,412
2023
Total assets
$2,067,665
2023
Num. employees
10
2023

Program areas at Center for Community Wealth Building

Democratizing ownership: to build a robust community-ownership movement alongside communities of color that increases leadership skills, business acumen, and economic mobility, ccwb: - conducted its third cooperative developer train the trainer program, which equipped 16 Community members with the skills to educate their communities on how worker ownership builds Community Wealth;- guided and incubated two new worker-owned businesses through their formal business launch; - hosted 19 co-op 101, 201, and 301 sessions attended by 294 Community members, who gained the knowledge to begin or advance their worker ownership journey.
Engaging anchor institutions: to advance economic opportunity for communities by leveraging place-based institutions' procurement, hiring, and investing practices, ccwb: - convened 16 local anchor institutions throughout the year in the denver anchor network for peer learning about how they can best leverage their everyday business practices to close the racial Wealth gap;-coordinated the anchor procurement group, through which procurement leaders at six anchors worked together to establish a process for gathering data on diverse spending, and agreed to build procurement practices that recognize vendor diversity at the bidding stage;- worked with smaller anchors to shift almost $80,000 in spending to local bipoc vendors in the course of the year.
Strengthening local entrepreneurship: to build local economic resilience and Community cohesion by strengthening neighborhood microbusinesses through culturally responsive business support, ccwb: - recruited over 150 business owners to join shopbipoc.com, the online platform connecting consumers interested in purchasing from bipoc-owned businesses directly with those business owners; - created a training and networking cohort of 27 bipoc business owners in the skilled trades to help them secure jobs and contracts at anchor institutions; - graduated 25 bipoc business owners from our family business preservation program, where they strengthened their business fundamentals and developed succession plans; - prepared 10 new caterers to do business with anchors through our feeding anchors program, culminating in our third eat.local.food event attended by hundreds of anchor event planners.
Edfsi and other programs

Who funds Center for Community Wealth Building

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Colorado Health FoundationChampion Health Equity, Strengthen Community Health$636,000
Kaiser Foundation Health Plan of ColoradoBuilding Community Wealth in Metro Denver: A Focu$360,000
Rose Community FoundationGeneral Operating Support, East Denver Food Sovereignty Initiative$125,000
...and 6 more grants received

Personnel at Center for Community Wealth Building

NameTitleCompensation
Yessica HolguinExecutive Director$96,054
Michelle Sturm, AnchorStrategy Director
Karen BartlettSmall Business Director
Michael MieraSecretary$0
Asia DorseyTreasurer$0
...and 1 more key personnel

Financials for Center for Community Wealth Building

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,774,835
Program services$133,290
Investment income and dividends$19,830
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,927,955

Form 990s for Center for Community Wealth Building

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-24990View PDF
2022-062023-04-06990View PDF

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The Idea VillageNew Orleans, LA$1,474,698
Renaissance Entrepreneurship CenterSan Francisco, CA$5,570,660
36 Degrees NorthTulsa, OK$2,798,491
Greater Cincinnati Microenterprise InitiativeCincinnati, OH$660,202
Develop AmericaShorewood, WI$742,745
Suazo Business CenterSalt Lake City, UT$1,289,713
Assets LancasterLancaster, PA$973,060
Accompany CapitalNew York, NY$4,662,954
Nashville Entrepreneur Center (EC)Nashville, TN$3,275,516
Data update history
May 21, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 1, 2024
Received grants
Identified 5 new grant, including a grant for $636,000 from The Colorado Health Foundation
November 27, 2023
Received grants
Identified 2 new grant, including a grant for $125,000 from Rose Community Foundation
August 11, 2023
Updated personnel
Identified 2 new personnel
July 22, 2023
Received grants
Identified 9 new grant, including a grant for $120,000 from The Colorado Health Foundation
Nonprofit Types
Business and community development organizationsFamily service centersCharities
Issues
Business and industry
Characteristics
Partially liquidatedState / local levelReceives government fundingTax deductible donations
General information
Address
2900 N Downing St No 1B
Denver, CO 80205
Metro area
Denver-Aurora-Lakewood, CO
County
Denver County, CO
Website URL
communitywealthbuilding.org/ 
Phone
(720) 341-9391
IRS details
EIN
85-2257483
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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