Jewishcolorado
- Assets
- $81.8m
- Revenue
- $13.6m
- Investments
- $2.2m
- Employees
- 37
- Location
- Denver, CO
- Founding
- 05/2006
- Data as of
- 06/2020
- EIN
- 01-0831698
Organization Overview
Jewishcolorado is located in Denver, CO. The organization was established in 2006. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Jewishcolorado employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewishcolorado 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 06/2020, Jewishcolorado generated $13.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $15.0m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jewishcolorado has awarded 803 individual grants totaling $63,481,384. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
CENTRAL SOURCE FOR LONG-TERM PHILANTHROPY ENDOWMENT AND GIVING IN OUR COLORADO JEWISH COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JEWISHCOLORADO (JCO) WORKS WITH INDIVIDUALS, FAMILIES AND JEWISH AGENCIES AND SYNAGOGUES IN AN EFFORT TO BUILD A FOUNDATION FROM WHICH THE NEXT GENERATION WILL PROSPER. JCO IS COMMITTED TO ENABLING OUR PARTNERS AND DONORS TO REACH THEIR GOALS AND PROVIDING VALUE-ADDED SERVICES THAT STRENGTHEN ORGANIZATIONS AND PROVIDE INDIVIDUALS WITH THE TOOLS TO BE IMPACTFUL PHILANTHROPISTS DURING THEIR LIFETIME AND BEYOND. FURTHERMORE, JCO IS THE ONLY FOUNDATION IN COLORADO FOCUSED EXCLUSIVELY ON THE NEEDS OF THE JEWISH COMMUNITY. WE ARE EXPERTS IN JEWISH PHILANTHROPY, AND WE PROVIDE ACCESS TO A THOUGHTFUL, ROBUST AND FLEXIBLE INVESTMENT PLATFORM. JCO MANAGES OVER 280 INDIVIDUAL FUNDS, INCLUDING TRUSTS, RESTRICTED ENDOWMENTS, DONOR ADVISED FUNDS, SUPPORTING ORGANIZATIONS AND CHARITABLE GIFT ANNUITIES. JCO ALSO IS WORKING TO STRENGTHEN FINANCIAL RESOURCE DEVELOPMENT AND COMMUNITY PLANNING, PROVIDES INDIVIDUALS AND INSTITUTIONS AN OPTION FOR LONG-TERM PHILANTHROPY, ENDOWMENT AND PLANNED GIVING IN COLORADO'S JEWISH COMMUNITY.
JEWISHCOLORADO (JCO) INVESTS IN THE NEXT GENERATION THROUGH COMMUNITY PROGRAMS THAT INCLUDE EVERYTHING FROM EARLY CHILDHOOD EDUCATION SCHOLARSHIPS, TO JEWISH SUMMER CAMP, TO A ROBUST YOUNG ADULT DEPARTMENT (YAD) THAT ENGAGES 21-45 YEAR OLDS IN HOW TO LIVE, GIVE, AND LEAD JEWISHLY. JCO ALSO DISTRIBUTES DOLLARS LOCALLY AND GLOBALLY TO HELP FEED THE HUNGRY, CARE FOR THE SICK AND ELDERLY AND HELP BUILD A STRONG AND SUPPORTIVE JEWISH WORLD. FINALLY, JCO SUPPORTS ISRAEL AND ADVOCATES FOR THE JEWISH WORLD. JCO EDUCATES, EMPOWERS AND CONNECTS THE COLORADO COMMUNITY TO THE GLOBAL JEWISH PEOPLE THROUGH STRATEGIC GRANT MAKING, COMMUNITY PROGRAMS, AND SUPPLEMENTAL CAMPAIGN INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rabbi Jay Strear Chief Executive Officer | Officer | 37 | $201,522 |
Jeff Kline Chief Operating Officer | 37 | $120,000 | |
Julie Lieber Chief Jewish Life & Engagement | 37 | $100,833 | |
Edward Shaoul Secretary | OfficerTrustee | 5 | $0 |
Seth Wong Treasurer | OfficerTrustee | 5 | $0 |
Zofia Yalovsky Interim CFO | Officer | 37 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marsha Hurwitz Outsource Interim Ceo | 6/29/18 | $279,315 |
Rdm Communications Outsource Interim Cdo | 6/29/18 | $112,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,033,540 |
| Investment income | $1,205,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,992 |
| Net Gain/Loss on Asset Sales | $1,318,533 |
| Net Income from Fundraising Events | -$463,811 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,645,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,198,631 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $607,212 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,856,256 |
| Pension plan accruals and contributions | $47,939 |
| Other employee benefits | $318,697 |
| Payroll taxes | $187,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,126 |
| Fees for services: Accounting | $11,993 |
| Fees for services: Lobbying | $145,640 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $535,928 |
| Fees for services: Other | $721,634 |
| Advertising and promotion | $55,268 |
| Office expenses | $432,728 |
| Information technology | $133,327 |
| Royalties | $0 |
| Occupancy | $130,267 |
| Travel | $230,851 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,903 |
| Interest | $91,299 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234,907 |
| Insurance | $104,682 |
| All other expenses | $0 |
| Total functional expenses | $15,030,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,123,239 |
| Savings and temporary cash investments | $8,965,853 |
| Pledges and grants receivable | $5,376,624 |
| Accounts receivable, net | $312,218 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,783,085 |
| Inventories for sale or use | $3,980 |
| Prepaid expenses and deferred charges | $10,861 |
| Investments—publicly traded securities | $52,388,001 |
| Investments—other securities | $2,207,241 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,915 |
| Total assets | $81,767,824 |
| Accounts payable and accrued expenses | $467,271 |
| Grants payable | $3,293,007 |
| Deferred revenue | $847,703 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,808,428 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,667,644 |
| Total liabilities | $25,084,053 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $56,683,771 |
Grants Awarded
Over the last fiscal year, Jewishcolorado has awarded $5,783,236 in support to 114 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: GENERAL OPERATING | $798,800 |
Los Angeles, CA PURPOSE: GENERAL OPERATING | $400,000 |
Denver, CO PURPOSE: GENERAL OPERATING | $315,730 |
Denver, CO PURPOSE: GENERAL OPERATING | $269,975 |
New York, NY PURPOSE: GENERAL OPERATING | $260,449 |
Salt Lake City, UT PURPOSE: GENERAL OPERATING | $256,279 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Jewishcolorado has recieved totaling $6,700.
| Awarding Organization | Amount |
|---|---|
Giant Steps Foundation San Francisco, CA PURPOSE: HELPING THOSE AFFECTED BY CO MARSHALL FIRE | $5,000 |
Organization Name not Listed PURPOSE: UNRESTRICTED | | $1,700 |
Endowment Analysis
| Beg. Balance | $10,635,840 |
| Earnings | $2,541,140 |
| Net Contributions | $823,548 |
| Other Expense | $177,036 |
| Ending Balance | $13,823,492 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Omaha Community Foundation Donor Directed Depository Omaha, NE | $49,176,399 | $38,155,808 |
Nebraska Community Foundation Lincoln, NE | $227,749,373 | $20,781,363 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of Jackson Hole Jackson, WY | $113,990,661 | $47,502,372 |
Rose Community Foundation Denver, CO | $325,610,267 | $15,145,306 |
Lincoln Community Foundation Inc Lincoln, NE | $161,472,860 | $29,470,305 |
Santa Fe Community Foundation Santa Fe, NM | $107,508,749 | $26,179,829 |
The Community Foundation Of Utah Salt Lake City, UT | $90,613,858 | $42,536,089 |
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS | $291,884,746 | $15,071,209 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
Greater Salina Community Foundation Salina, KS | $322,187,245 | $17,442,186 |