Colorado Springs Health Foundation
- Assets
- $178.6m
- Revenue
- $4.5m
- Investments
- $8.1m
- Employees
- 2
- Location
- Colorado Springs, CO
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-1076026
Organization Overview
Colorado Springs Health Foundation is located in Colorado Springs, CO. The organization was established in 2014. 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, Colorado Springs Health Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Springs Health 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, Colorado Springs Health Foundation generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $6.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Colorado Springs Health Foundation has awarded 482 individual grants totaling $39,642,942. 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 PROVIDE GRANTS THAT TARGET IMMEDIATE HEALTHCARE NEEDS AND ENCOURAGE HEALTHY LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, COLORADO SPRINGS HEALTH FOUNDATION AWARDED $5.5M IN GRANTS IN SUPPORT OF ITS MISSION TO TARGET IMMEDIATE HEALTHCARE NEEDS AND ENCOURAGE HEALTHY LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Treasurer | OfficerTrustee | 3 | $0 |
Name Not Listed Board Chair | OfficerTrustee | 4 | $0 |
Name Not Listed Board Secretary | OfficerTrustee | 3 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,566,812 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,566,812 |
| Total Program Service Revenue | $0 |
| Investment income | $2,738,764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,796,069 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,509,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,454,859 |
| 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. | $189,916 |
| Compensation of current officers, directors, key employees. | $37,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,384 |
| Pension plan accruals and contributions | $6,069 |
| Other employee benefits | $1,809 |
| Payroll taxes | $21,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,360 |
| Fees for services: Accounting | $21,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $138,996 |
| Fees for services: Other | $159,481 |
| Advertising and promotion | $0 |
| Office expenses | $21,602 |
| Information technology | $1,141 |
| Royalties | $0 |
| Occupancy | $9,724 |
| Travel | $11,418 |
| 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 | $8,711 |
| All other expenses | $0 |
| Total functional expenses | $6,258,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,798,544 |
| Savings and temporary cash investments | $807,893 |
| 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 | $48,798 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $167,801,261 |
| Investments—other securities | $8,142,898 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $178,599,394 |
| Accounts payable and accrued expenses | $29,262 |
| Grants payable | $314,573 |
| 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 | $343,835 |
| Net assets without donor restrictions | $178,255,559 |
| 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 | $178,599,394 |
Grants Awarded
Over the last fiscal year, Colorado Springs Health Foundation has awarded $5,395,801 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
ABLELIGHT INC PURPOSE: PROGRAM | $20,000 |
ARCHWAY HOUSING & SERVICES INC PURPOSE: PROGRAM | $40,000 |
BEAUTIFUL REDEMPTION PURPOSE: PROGRAM | $15,000 |
ASCENDING TO HEALTH RESPITE CARE PURPOSE: CAPACITY BUILDING | $25,000 |
ASCENDING TO HEALTH RESPITE CARE PURPOSE: GENERAL OPERATING | $135,382 |
BAKHITA MOUNTAIN HOME INC PURPOSE: GENERAL OPERATING | $10,000 |