Pikes Peak Real Estate Foundation Inc

Organization Overview

Pikes Peak Real Estate Foundation Inc is located in Colorado Springs, CO. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Pikes Peak Real Estate Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pikes Peak Real Estate Foundation Inc 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, Pikes Peak Real Estate Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 40.6% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PRESERVING AND PROTECTING HISTORIC AND CHARITABLE REAL ESTATE PROPERTIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRESERVED SEVERAL HISTORICAL AND CHARITABLE PROPERTIES IN THE PIKES PEAK REGION.


THE WORKFORCE HOUSING FUND - PRE DEVELOPMENT FUND TO HELP CHARITABLE ORGANIZATIONS DEVELOP AFFORDABLE HOUSING CONCEPTS.


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Board, Officers & Key Employees

Name (title)Compensation
Samuel Clark
Executive Director
$110,115
Gary Butterworth
President
$0
Nolan Schriner
Chairman
$0
Mark Hille
Secretary & Treasurer
$0
Chris Jenkins
Vice-Chair
$0
Leslie Sabin
VP Of Finance And Operations
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$200,000
Government grants $226,183
All other contributions, gifts, grants, and similar amounts not included above$605,082
Noncash contributions included in lines 1a–1f $25,082
Total Revenue from Contributions, Gifts, Grants & Similar$1,031,265
Total Program Service Revenue$8,200
Investment income $78,997
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $342,476
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,460,938

Grants Awarded

Over the last fiscal year, Pikes Peak Real Estate Foundation Inc has awarded $1,937,207 in support to 2 organizations.

Grant RecipientAmount

PIKES PEAK COMMUNITY FOUNDATION

Org PageRecipient Profile

Colorado Springs, CO

PURPOSE: GENERAL PURPOSE AND SUPPORT

$1,921,233

SILVER KEY SENIOR SERVICES

Org PageRecipient Profile

Colorado Springs, CO

PURPOSE: LOAN FORGIVENESS

$15,974
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Pikes Peak Real Estate Foundation Inc has recieved totaling $701,469.

Awarding OrganizationAmount
$500,000
Pikes Peak Community Foundation

Colorado Springs, CO

PURPOSE: GENERAL PURPOSE

$200,000
El Pomar Foundation

Colorado Springs, CO

PURPOSE: EXECUTIVE ON LOAN

$1,469
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,059,331
Earnings$2,707,603
Net Contributions$599,597
Other Expense$1,083,723
Ending Balance$18,282,808

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