Credit Union Of Colorado Foundation
- Assets
- $103.1k
- Revenue
- $246.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 05/2012
- Data as of
- 06/2022
- EIN
- 45-4319925
Organization Overview
Credit Union Of Colorado Foundation is located in Denver, CO. The organization was established in 2012. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Credit Union Of 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 06/2022, Credit Union Of Colorado Foundation generated $246.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $261.2k during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 6 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 2020, Credit Union Of Colorado Foundation has awarded 20 individual grants totaling $155,000. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANTS, FUNDRAISING, AND ENCOURAGING VOLUNTEERISM IN SUPPORT OF LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GRANTS, FUNDRAISING, AND ENCOURAGING NEW VOLUNTEERISM IN SUPPORT OF LOCAL CHARITIES. THE FOUNDTAION WILL FOCUS ITS SUPPORT ON EDUCATION AND HUMAN SERVICES. ITS EDUCATIONAL EFFORTS WILL INITIALLY BE FOCUSED ON GRANT-MAKING TO ORGANIZATIONS THAT SUPPORT, OR ARE A PART OF PUBLIC EDUCATION IN COLORADO, INCLUDING GRANTS TO FUND SCHOLARSHIP PROGRAMS FOR HIGHER EDUCATION, AND SUPPORT OF EXCITING AND EMERGING PROGRAMS IN PUBLIC SCHOOL DISTRICTS NOT FUNDED BY THE DISTRICTS, AS WELL AS ON IMPROVING FINANCIAL LITERACY THROUGH FINANCIAL SUPPORT OF PUBLIC PROGRAMS AND NONPROFIT INITIATIVES TO REDUCE FINANCIAL ILLITERACY. THE FOUNDATION'S HUMAN SERVICE EFFORTS WILL INITIALLY BE FOCUSED ON ORGANIZATIONS THAT PROVIDE ASSISTANCE PROGRAMS THAT MEET BASIC HEALTH, WELFARE, AND OTHER NEEDS OF THE POOR, SICK, OR ELDERLY IN COMMUNITIES IN COLORADO, INCLUDING GRANTS TO PUBLIC SECTOR EMPLOYEE ASSISTANCE PROGRAM EMERGENCY FUNDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Leis Member | Trustee | 1 | $0 |
Kamela Pancroft Board Chair | OfficerTrustee | 1 | $0 |
Joann Vondracek Treasurer | OfficerTrustee | 1 | $0 |
Phil Smith Member | Trustee | 1 | $0 |
Ron Hinton Member | Trustee | 1 | $0 |
Russ Vannostrand Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,578 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,303 |
| Total Program Service Revenue | $0 |
| Investment income | $54 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $175,400 |
| Grants and other assistance to domestic individuals. | $83,808 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,450 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $563 |
| All other expenses | $0 |
| Total functional expenses | $261,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,081 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,081 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $103,081 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $103,081 |
Grants Awarded
Over the last fiscal year, Credit Union Of Colorado Foundation has awarded $42,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF COLORADO BOULDER PURPOSE: SCHOLARSHIPS | $10,000 |
COMMUNITY FOUNDATION BOULDER COUNTY PURPOSE: TO ASSIST VICTIMS OF WILDFIRES | $25,000 |
FOUNDATION FOR CO COMMUNITY COLLEGES PURPOSE: SCHOLARSHIPS | $7,500 |