Colt Thomas Foundation is located in Denver, CO. The organization was established in 2005. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Colt Thomas Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING AND CARE FOR MENTALLY AND PHYSICALLY CHALLENGED CHIDREN AND YOUNG ADULTS
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,136 |
| Dividends & Interest | $16,382 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$186,475 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$161,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,378 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,872 |
| Total operating and administrative expenses | $57,003 |
| Contributions, gifts, grants paid | $41,000 |
| Total expenses and disbursements | $98,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $495,491 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $125 |
| Total assets | $1,699,129 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,051 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,051 |
Over the last fiscal year, Colt Thomas Foundation has awarded $41,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MOSIAC PURPOSE: TO SUPPORT MISSION OF RECIPIENT | $21,000 |
FOOTHILLS GATEWAY INC PURPOSE: FOR THE BENEFIT OF FAMILY SUPPORT SERVICES | $20,000 |