Nextfifty Initiative

Organization Overview

Nextfifty Initiative, operating under the name Innovage Foundation, is located in Denver, CO. The organization was established in 2009. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2021, Innovage Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovage Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Innovage Foundation generated $19.6m in total revenue. All expenses for the organization totaled $14.9m during the year ending 12/2021. While expenses have increased by 67.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Innovage Foundation has awarded 779 individual grants totaling $40,300,887. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUSTAIN AND ENHANCE THE INDEPENDENCE AND QUALITY OF LIFE ON THEIR TERMS BY INCREASING COMMUNITY AWARENESS AND SUPPORT FOR THE PROGRAMS OF INNOVAGE AFFILIATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INNOVAGE FOUNDATION'S PURPOSE IS TO SECURE BROAD-BASED COMMUNITY SUPPORT FOR THE PROGRAMS AND SERVICES OF TOTAL COMMUNITY OPTIONS, INC. DBA INNOVAGE. THE FOUNDATION SEEKS TO EDUCATE THE COMMUNITY AS WELL AS OBTAIN FINANCIAL SUPPORT FROM A VARIETY OF FUNDING SOURCES TO INCLUDE INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS. THE FOUNDATION'S OPERATIONS ARE FULLY SUBSIDIZED BY INNOVAGE, WHICH ENSURES THAT 100% OF ALL CONTRIBUTIONS ARE UTILIZED FOR PROGRAM SUPPORT AS DIRECTED BY THE DONOR. IN ADDITION TO DONOR CULTIVATION AND RECOGNITION, THE FOUNDATION WORKS COLLABORATIVELY WITHIN THE ORGANIZATION TO ENSURE THAT GIFTS ARE ADMINISTERED APPROPRIATELY AND IN ACCORDANCE WITH DONOR INTENT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Goldman Sachs Advisors
$691,288
Davis Graham & Stubbs Llp
$76,943
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $2,809
Dividends & Interest $4,872,599
Net Rental Income$0
Net Gain on Sale of Assets $14,608,453
Capital Gain Net Income $14,608,453
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $80,150
Total Revenue $19,564,011

Grants Awarded

Over the last fiscal year, Nextfifty Initiative has awarded $13,256,769 in support to 220 organizations.

Grant RecipientAmount

OLDER ADULTS TECHNOLOGY SERVICES

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: SENIOR PLANET COLORADO - YEAR 4

$435,000

JEWISH FAMILY AND CHILDRENS SERVICE OF GREATER PHILADELPHIA

Org PageRecipient Profile

Bala Cynwyd, PA

PURPOSE: COMPREHENSIVE SERVICES TO SUPPORT THE HEALTH AND INDEPENDENCE OF OLDER ADULTS IN THE PHILADELPHIA REGION

$260,000

CARING FOR COLORADO

PURPOSE: TOGETHER WE PROTECT VACCINE EQUITY

$250,000

CRESTONE PEAK COMM HOUSING

Org PageRecipient Profile

Crestone, CO

PURPOSE: BUILD MODULAR HOUSING FOR LOW INCOME 55+

$250,000

MASSACHUSETTS ASSOCIATION FOR THE BLIND AND VISUALLY IMPAIRED

PURPOSE: COMPREHENSIVE SERVICES FOR OLDER ADULTS WHO ARE BLIND OR HAVE LOW VISION

$250,000

Phoenix, AZ

PURPOSE: FSL RECREACIN

$250,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Nextfifty Initiative has recieved totaling $50,000.

Awarding OrganizationAmount
Denver Foundation

Denver, CO

PURPOSE: RESTRICTED TO SUPPORT THE JOHNSON ADULT DAY CENTER

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$605,203
Net Contributions$476,176
Other Expense$329,137
Grants$326,062
Ending Balance$426,180

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