The Cielo Foundation
- Assets
- $94.8m
- Revenue
- $12.8m
- Investments
- $88.0m
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 11/2007
- Data as of
- 12/2019
- EIN
- 26-1166378
Organization Overview
The Cielo Foundation is located in Boulder, CO. The organization was established in 2007. 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.
For the year ending 12/2019, Cielo Foundation generated $12.8m in total revenue. All expenses for the organization totaled $3.0m during the year ending 12/2019. While expenses have increased by 479.1% per year over the past 2 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 2014, Cielo Foundation has awarded 20 individual grants totaling $2,316,156. 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 |
|---|---|---|---|
Judith Cogen President | 3 | $30,000 | |
Alan Cogen Vice President | 3 | $30,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,532,899 |
| Interest on Savings | $660,439 |
| Dividends & Interest | $874,360 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,716,706 |
| Capital Gain Net Income | $6,716,706 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,012,773 |
| Total Revenue | $12,771,631 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $20,479 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,259 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $384,797 |
| Total operating and administrative expenses | $831,342 |
| Contributions, gifts, grants paid | $2,164,156 |
| Total expenses and disbursements | $2,995,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,315 |
| Savings and temporary cash investments | $6,681,989 |
| 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 | $30,926,640 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $100,000 |
| Total assets | $94,827,395 |
| Accounts payable and accrued expenses | $0 |
| 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 | $28,148 |
| Total liabilities | $28,148 |
Grants Awarded
Over the last fiscal year, The Cielo Foundation has awarded $2,164,156 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY CHARITABLE GIFT FUND PURPOSE: DONATION | $2,000,000 |
CONCORDE CAREER COLLEGE PURPOSE: SCHOLARSHIP | $45,912 |
TECHTONIC GROUP INC PURPOSE: GRANT | $40,000 |
IBMC COLLEGE PURPOSE: SCHOLARSHIP | $20,718 |
EMILY GRIFFITH TECHNICAL COLLEGE PURPOSE: SCHOLARSHIP | $12,270 |
FRONT RANGE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $9,016 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diane And Bruce Halle Foundation Scottsdale, AZ | $79,155 | $15,113,571 |
Joseph W Craft Iii Foundation Tulsa, OK | $107,043,900 | $13,770,647 |
Charityvision International Inc Provo, UT | $10,100,224 | $13,208,299 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
The Helmerich Trust Tulsa, OK | $96,668,399 | $14,406,750 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $95,801,040 | $42,299,749 |
Cary Brown Family Foundation Colorado Springs, CO | $12,711,071 | $867,158 |
Allen Wyoming Foundation Inc Cody, WY | $23,298,449 | $30,117,629 |
Marshall L And Perrine D Mccune Charitable Foundation Santa Fe, NM | $104,513,402 | $4,266,840 |
Maffei Foundation Denver, CO | $13,112,642 | $182,093 |
Gods Light In The Darkness Foundation Carlbad, NM | $37,799,183 | $42,285,024 |
Py Foundation Artesia, NM | $60,400,626 | $1,216,151 |