Golden Civic Foundation Inc
- Assets
- $3.9m
- Revenue
- $724.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Golden, CO
- Founding
- 01/1971
- Data as of
- 12/2023
- EIN
- 23-7064045
Organization Overview
Golden Civic Foundation Inc is located in Golden, CO. The organization was established in 1971. 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 12/2023, Golden Civic Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Civic 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 12/2023, Golden Civic Foundation Inc generated $724.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $466.2k during the year ending 12/2023. While expenses have increased by 8.7% per year over the past 9 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, Golden Civic Foundation Inc has awarded 53 individual grants totaling $800,458. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INVEST IN THE ECONOMIC AND CULTURAL VITALITY OF THE GOLDEN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISSUE GRANTS TO NONPROFIT ORGANIZATIONS LOCATED IN AND BENEFITTING GOLDEN, COLORADO. IN 2023 GOLDEN CIVIC FOUNDATION PROVIDED GRANTS TO 37 NONPROFIT OR CIVIC ORGANIZATIONS.
PROVIDE LOANS AND COLLECT INTEREST ON LOANS MADE TO LOCAL BUSINESSES THAT HELP SUPPORT THE DOWNTOWN BUSINESS COMMUNITY IN GOLDEN, COLORADO.
OTHER FOUNDATION PROGRAMS AND PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Madison President | OfficerTrustee | 1 | $0 |
Sarah Lobosky Secretary | OfficerTrustee | 1 | $0 |
Joel Christman Treasurer | OfficerTrustee | 1 | $0 |
Melissa Anderson Vice President | OfficerTrustee | 1 | $0 |
Greg Poulos Director | Trustee | 1 | $0 |
Sondra Welsh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $43,643 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,947 |
| Total Program Service Revenue | $54,780 |
| Investment income | $16,599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $337,861 |
| Net Income from Fundraising Events | $193,240 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $724,427 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $257,315 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,667 |
| Compensation of current officers, directors, key employees. | $7,967 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,636 |
| Payroll taxes | $10,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,417 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,388 |
| Advertising and promotion | $1,377 |
| Office expenses | $2,155 |
| Information technology | $3,381 |
| Royalties | $0 |
| Occupancy | $9,376 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,093 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,772 |
| All other expenses | $2,591 |
| Total functional expenses | $466,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $705,834 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $701,833 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,405,487 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,000 |
| Total assets | $3,861,154 |
| Accounts payable and accrued expenses | $1,996 |
| Grants payable | $34,985 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,981 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $3,824,173 |
| Total liabilities and net assets/fund balances | $3,861,154 |
Grants Awarded
Over the last fiscal year, Golden Civic Foundation Inc has awarded $158,366 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY CLUB OF GOLDEN PURPOSE: COMMUNITY IMPACT GRANT | $7,875 |
CHRISTIAN ACTION GUILD PURPOSE: FOOD PANTRY & THRIFT STORE | $13,200 |
FOOTHILLS ART CENTER PURPOSE: COMMUNITY IMPACT GRANT | $5,426 |
FOOTHILS ANIMAL SHELTER PURPOSE: COMMUNITY IMPACT GRANT | $7,500 |
GOLDEN HISTORY MUSEUM & PARK PURPOSE: SUPPORT - HELPING HANDS GRANT | $9,000 |
CAG FOOD PANTRY & THRIFT STORE PURPOSE: SUPPORT - HELPING HANDS GRANT | $7,500 |