Norwood Foundation
- Assets
- $20.0m
- Revenue
- $378.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 06/2002
- Data as of
- 02/2022
- EIN
- 01-0705471
Organization Overview
Norwood Foundation is located in Colorado Springs, CO. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwood 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 02/2022, Norwood Foundation generated $378.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (60.1%) each year. All expenses for the organization totaled $1.4m during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Norwood Foundation has awarded 166 individual grants totaling $4,099,891. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn S Jenkins Vice President | 1 | $0 | |
Christopher S Jenkins Sec/treas | 1 | $0 | |
David D Jenkins President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $511,755 |
| Dividends & Interest | $317 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$133,670 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $378,402 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,639 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5 |
| Total operating and administrative expenses | $2,644 |
| Contributions, gifts, grants paid | $1,375,995 |
| Total expenses and disbursements | $1,378,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,540 |
| Savings and temporary cash investments | $2,347,044 |
| Net Accounts receivable | $11,684 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $6,508,197 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $14,350 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,056,876 |
| Total assets | $19,968,691 |
| Accounts payable and accrued expenses | $3,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,500 |
Grants Awarded
Over the last fiscal year, Norwood Foundation has awarded $1,375,995 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL PURPOSE | $430,000 |
Colorado Springs, CO PURPOSE: GENERAL PURPOSE | $125,000 |
CARE & SHARE PURPOSE: GENERAL PURPOSE | $100,000 |
MEMORIAL HEALTH SYSTEM FOUNDATION PURPOSE: GENERAL PURPOSE | $100,000 |
Arlington, VA PURPOSE: GENERAL PURPOSE | $100,000 |
CS COMMUNITY CULTURAL COLLECTIVE PURPOSE: GENERAL PURPOSE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kennys Kids Sedona, AZ | $0 | $509,065 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Stonewall Foundation Tucson, AZ | $0 | $109,268 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |
Joseph W Craft Iii Foundation Tulsa, OK | $111,776,138 | $19,434,208 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |