Colorado Fiscal Institute
- Assets
- $1.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Denver, CO
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 46-1281109
Organization Overview
Colorado Fiscal Institute is located in Denver, CO. The organization was established in 2013. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Colorado Fiscal Institute employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Fiscal Institute 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 12/2021, Colorado Fiscal Institute generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TIMELY, CREDIBLE AND ACCESSIBLE ANALYSES OF FISCAL AND ECONOMIC ISSUES FACING COLORADO TO INFORM PUBLIC POLICY DEBATES AND PROMOTE ECONOMIC PROSPERITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH, ANALYSIS AND REPORTING REGARDING STATE TAXES THAT ARE FAIR AND SUSTAINABLE AND THAT CAN SUPPORT INVESTMENTS IN A THRIVING ECONOMY AND BROADLY SHARED PROSPERITY, ANALYSIS OF HOW FEDERAL TAX AND BUDGET DECISIONS AFFECT COLORADO, ANALYSIS OF THE ROLE OF IMMIGRANTS IN THE COLORADO ECONOMY, AND OTHER ANALYSIS AND RESEARCH PROJECTS INCLUDING EDUCATION FUNDING, FAMILY LEAVE, AND ECONOMIC PROSPERITY IN COLORADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Hedges Executive Director | Officer | 50 | $105,474 |
Trinidad Rodriguez Chairman | OfficerTrustee | 5 | $0 |
Jack Blumenthal Treasurer | OfficerTrustee | 5 | $0 |
Brad Young Vice Chairman | OfficerTrustee | 5 | $0 |
Amanda Gonzalez Board Member | Trustee | 5 | $0 |
Tiana Patterson Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,673,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,673,549 |
| Total Program Service Revenue | $1,258 |
| Investment income | $64 |
| 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 | $1,674,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $114,036 |
| Compensation of current officers, directors, key employees. | $3,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $587,605 |
| Pension plan accruals and contributions | $16,921 |
| Other employee benefits | $59,426 |
| Payroll taxes | $63,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,070 |
| Fees for services: Accounting | $21,833 |
| Fees for services: Lobbying | $132,459 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,580 |
| Advertising and promotion | $0 |
| Office expenses | $6,058 |
| Information technology | $19,761 |
| Royalties | $0 |
| Occupancy | $37,668 |
| Travel | $8,786 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,935 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,053 |
| Insurance | $1,607 |
| All other expenses | $97,026 |
| Total functional expenses | $1,376,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,104,198 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $125,000 |
| 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 | $11,561 |
| Net Land, buildings, and equipment | $8,725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,581 |
| Total assets | $1,251,065 |
| Accounts payable and accrued expenses | $107,058 |
| 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 | $107,058 |
| Net assets without donor restrictions | $597,542 |
| Net assets with donor restrictions | $546,465 |
| 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 | $1,251,065 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Colorado Fiscal Institute has recieved totaling $1,422,828.
| Awarding Organization | Amount |
|---|---|
The Piton Foundation Denver, CO PURPOSE: CFI IS A LONG-STANDING INVESTEE OF GARY COMMUNITY INVESTMENTS AND HAS PROVIDED CRITICAL POLICY ANALYSIS AND SUPPORT IN THE AREAS OF TAX AND FISCAL POLICY. ESPECIALLY AS WE GEAR UP AND LOOK AHEAD TO THE 2022 AND 2024 BALLOTS AS A WAY OF HELPING TO REBUILD FROM THE COVID PANDEMIC, WE BELIEVE CFI WILL PROVIDE THE NECESSARY THOUGHT LEADERSHIP ACROSS ALL OF OUR OUTCOME AREAS AS WE THINK ABOUT HOW TO FUND THE SYSTEMIC CHANGES REQUIRED TO MEET OUR OUTCOME AREA GOALS. - TIME EXECUTIVE DIRECTOR, CAROL HEDGES, IS DUE TO RETIRE IN 2021. AS A RESULT, WE ARE ONLY FUNDING CFI FOR ONE YEAR AS THE CFI BOARD EXAMINES ITS STRATEGY AND CONSIDERS WHETHER IT SHOULD MERGE WITH OTHER LEFT-OF-CENTER POLICY ORGANIZATIONS (MOST NOTABLY, THE BELL POLICY CENTER, ANOTHER GARY INVESTEE). CHRIS WATNEY IS ON THE CFI BOARD AND IS ACTIVELY H | $170,000 |
Center On Budget And Policy Priorities Washington, DC PURPOSE: Core Capacity Project | $165,000 |
New Venture Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $150,000 |
United States Energy Foundation San Francisco, CA PURPOSE: TO SUPPORT EDUCATION AND OUTREACH TO BUILD A CLEAN ENERGY FUTURE. | $125,000 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $100,000 |
Center On Budget And Policy Priorities Washington, DC PURPOSE: Proactive Revenues Cohort Project | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Visit Salt Lake Salt Lake City, UT | $7,092,794 | $14,927,768 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |
Wichita Convention & Tourism Bureau Wichita, KS | $3,697,930 | $5,439,635 |
South Central Kansas Economic Development District Inc Sckedd Bel Aire, KS | $6,963,572 | $7,360,259 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
I2e Inc Oklahoma City, OK | $27,869,803 | $5,344,576 |
Partnership For Economic Innovation Tempe, AZ | $1,809,665 | $4,093,737 |
Albuquerque Convention & Visitors Bureau Inc Albuquerque, NM | $3,028,509 | $4,018,411 |