New Era Colorado Foundation
- Assets
- $3.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 64
- Location
- Boulder, CO
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-1389272
Organization Overview
New Era Colorado Foundation is located in Boulder, CO. The organization was established in 2008. According to its NTEE Classification (R40) the organization is classified as: Voter Education & Registration, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2022, New Era Colorado Foundation employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Era Colorado Foundation 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 12/2022, New Era Colorado Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 15.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEW ERA COLORADO FOUNDATION ORGANIZES YOUNG PEOPLE TO PARTICIPATE IN THE POLITICAL PROCESS, DEVELOP AS LEADERS, AND FIND A POLITICAL HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW ERA COLORADO FOUNDATION REINVENTS POLITICS FOR YOUNG PEOPLE, MOBILIZING AND EMPOWERING A NEW GENERATION TO MAKE COLORADO A BETTER PLACE FOR EVERYONE. SINCE ITS FOUNDING IN 2006, NEW ERA COLORADO FOUNDATION HAS REGISTERED OVER 200,000 YOUNG PEOPLE TO VOTE-CONSISTENTLY TURNING OUT THOSE SAME REGISTRANTS AT ONE OF THE HIGHEST RATES ACROSS THE COUNTRY. WE'VE ALSO WON IN THE LEGISLATURE: GAINING CRITICAL PROTECTIONS FOR STUDENT LOAN BORROWERS, VOTER PREREGISTRATION FOR 16- AND 17-YEAR-OLDS, AND GUARANTEED CAMPUS VOTER SERVICE CENTERS AND DROPBOXES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Hensel Executive Di | Officer | 30 | $113,331 |
Feven Netsanet Board Chair | OfficerTrustee | 2 | $0 |
Leah Pryor-Lease Vice Chair | OfficerTrustee | 2 | $0 |
Pj Hoberman Treasurer | OfficerTrustee | 2 | $0 |
Amanda Gonzalez Member | Trustee | 2 | $0 |
Joanne Schwartz Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,547 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,097,736 |
| Noncash contributions included in lines 1a–1f | $959 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,119,283 |
| Total Program Service Revenue | $0 |
| Investment income | $5,234 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,839 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,163,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $190,000 |
| Grants and other assistance to domestic individuals. | $84,378 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,754 |
| Compensation of current officers, directors, key employees. | $9,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $994,532 |
| Pension plan accruals and contributions | $12,516 |
| Other employee benefits | $38,100 |
| Payroll taxes | $107,535 |
| Fees for services: Management | $15,915 |
| Fees for services: Legal | $16,378 |
| Fees for services: Accounting | $20,524 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,116 |
| Advertising and promotion | $13,826 |
| Office expenses | $16,959 |
| Information technology | $14,929 |
| Royalties | $0 |
| Occupancy | $107,327 |
| Travel | $8,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,522 |
| Insurance | $5,340 |
| All other expenses | $0 |
| Total functional expenses | $1,821,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $931,100 |
| Savings and temporary cash investments | $1,691,345 |
| Pledges and grants receivable | $335,000 |
| Accounts receivable, net | $226,945 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,530 |
| Net Land, buildings, and equipment | $5,151 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,999 |
| Total assets | $3,224,070 |
| Accounts payable and accrued expenses | $86,099 |
| Grants payable | $0 |
| 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 | $20,146 |
| Total liabilities | $106,245 |
| Net assets without donor restrictions | $2,746,481 |
| Net assets with donor restrictions | $371,344 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,224,070 |
Grants Awarded
Over the last fiscal year, New Era Colorado Foundation has awarded $220,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ABORTION ACCESS FOR ALL | | | $145,000 |
SOUL2SOUL SISTERS | | | $6,250 |
YOUNG AFRICAN AMERICANS FOR SOCIALAND POLITICAL ACTIVISM | | | $6,250 |
PROJECT VOYCE | | | $6,250 |
COLORADO FREEDOM FUND | | | $6,250 |
ACLU OF COLORADO | | | $50,000 |