Holmes Charitable Foundation
- Assets
- $234.3k
- Revenue
- $44.0k
- Investments
- $146.5k
- Employees
- 0
- Location
- Crested Butte, CO
- Founding
- 08/1999
- Data as of
- 12/2023
- EIN
- 36-4296450
Organization Overview
Holmes Charitable Foundation is located in Crested Butte, CO. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Holmes Charitable 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 12/2023, Holmes Charitable Foundation generated $44.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $56.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Holmes Charitable Foundation has awarded 52 individual grants totaling $190,411. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT OF VARIOUS EDUCATIONAL AND SOCIAL ECONOMIC FOUNDATIONS THROUGH PUBLIC CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Robert Holmes Trustee | 4 | $15,000 | |
Debra J Holmes Trustee | 0 | $0 | |
Kelly Elizabeth Holmes Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $476 |
| Dividends & Interest | $1,148 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,328 |
| Capital Gain Net Income | $27,328 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,814 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $799 |
| Total operating and administrative expenses | $23,113 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $56,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,807 |
| 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 | $0 |
| Total assets | $234,280 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Holmes Charitable Foundation has awarded $33,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SAVE A SUIT PURPOSE: TO SUPPORT VETERANS PROGRAMS | $500 |
HOPE FOR SILENT VOICES PURPOSE: SUPPORT DISADVANTAGED GROUPS | $29,000 |
CRESTED BUTTE FILM FESTIVAL PURPOSE: EDUCATIONAL SUPPORT | $2,500 |
LIVING JOURNEYS PURPOSE: SUPPORT CANCER PATIENTS | $500 |
CRESTED BUTTE MOUNTAIN BIKE FUND PURPOSE: TO SUPPORT COMMUNITY PROGRAMS | $500 |