Adolph Coors Foundation
- Assets
- $178.1m
- Revenue
- $9.6m
- Investments
- $162.9m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 12/1975
- Data as of
- 11/2023
- EIN
- 51-0172279
Organization Overview
Adolph Coors Foundation is located in Denver, CO. The organization was established in 1975. 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. Adolph Coors 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 11/2023, Adolph Coors Foundation generated $9.6m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $13.2m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Adolph Coors Foundation has awarded 585 individual grants totaling $50,480,612. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Coors Tynan Ceo/secretar | 40 | $480,000 | |
Peter H Coors Chairman | 1 | $0 | |
Benjamin R Windsor Treasurer | 1 | $0 | |
Jeffrey H Coors Asst Treas | 1 | $0 | |
Melissa Coors Osborn Vice Chair | 1 | $0 | |
Cecily Coors Garnsey Vice Chair | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parametric | 11/29/23 | $220,565 |
Northern Trust | 11/29/23 | $63,260 |
Andrew Newberg Md | 11/29/23 | $81,165 |
Capfinancial Partners Llc | 11/29/23 | $127,274 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,781 |
| Dividends & Interest | $3,132,622 |
| Net Rental Income | $985,931 |
| Net Gain on Sale of Assets | $4,993,275 |
| Capital Gain Net Income | $4,993,275 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$172,507 |
| Total Revenue | $9,584,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $480,000 |
| Other employee salaries and wages | $555,667 |
| Pension plans, employee benefits | $228,048 |
| Interest | $0 |
| Taxes | $169,516 |
| Depreciation | $306,280 |
| Occupancy | $111,262 |
| Travel, conferences, and meetings | $95,448 |
| Printing and publications | $0 |
| Other expenses | $715,423 |
| Total operating and administrative expenses | $3,293,559 |
| Contributions, gifts, grants paid | $9,908,763 |
| Total expenses and disbursements | $13,202,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,131,667 |
| Savings and temporary cash investments | $1,467,967 |
| 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 | $9,916,359 |
| Investments—mortgage loans | $0 |
| Investments—other | $24,869,616 |
| Net Land, buildings, and equipment | $2,738,310 |
| Other assets | $0 |
| Total assets | $178,128,265 |
| 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 | $219,623 |
| Total liabilities | $219,623 |
Grants Awarded
Over the last fiscal year, Adolph Coors Foundation has awarded $12,958,763 in support to 151 organizations.
| Grant Recipient | Amount |
|---|---|
3HOPEFUL HEARTS PURPOSE: GENERAL OPERATING GRANT | $10,000 |
ACCESS AFTERSCHOOL PURPOSE: GENERAL OPERATING GRANT | $20,000 |
ALPHA CENTER PURPOSE: GENERAL OPERATING GRANT | $10,000 |
AMERICAN COUNCIL OF TRUSTEES AND PURPOSE: GENERAL OPERATING GRANT | $50,000 |
AMERICAN ENTERPRISE INSTITUTE PURPOSE: GENERAL OPERATING GRANT | $175,000 |
AMERICAN LEGISLATIVE EXCHANGE PURPOSE: GENERAL OPERATING GRANT | $75,000 |