First Ascent Charitable Foundation
- Assets
- $4.1m
- Revenue
- $135.4k
- Investments
- $4.0m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 81-4550657
Organization Overview
First Ascent Charitable Foundation is located in Denver, CO. The organization was established in 2018. 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. First Ascent 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 12/2022, First Ascent Charitable Foundation generated $135.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $393.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, First Ascent Charitable Foundation has awarded 24 individual grants totaling $955,044. 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 |
|---|---|---|---|
W King Grant III President, Secretary | 4 | $0 | |
Tracy H Grant Vice-President, Treasurer | 3 | $0 | |
Caroline Grant Director | 1 | $0 | |
Katie Grant Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $136,088 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$703 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $135,385 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,613 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,090 |
| Total operating and administrative expenses | $75,483 |
| Contributions, gifts, grants paid | $317,866 |
| Total expenses and disbursements | $393,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,531 |
| 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 | $54,594 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,078,331 |
| 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, First Ascent Charitable Foundation has awarded $317,866 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN INSTITUTE FOR AVALANCHE RESEARCH AND EDUCATION INC PURPOSE: WOMEN'S MOUNTAIN GUIDE PROGRAM SCHOLARSHIPS ($24K) AND $6K UNRESTRICTED | $30,000 |
COLORADO OUTWARD BOUND SCHOOL PURPOSE: TO SUPPORT FIELD STAFF DEVELOPMENT PROGRAMS PROVIDED BY THIRD PARTIES | $30,000 |
FRIENDS OF THE COLORADO AVALANCHE INFORMATION CENTER PURPOSE: CAIC BACKCOUNTRY FORECASTING | $30,000 |
NATIONAL PHILANTROPIC TRUST PURPOSE: TO SUPPORT THE MISSION | $167,866 |
PROTECT OUR WINTERS PURPOSE: TAKE BACK WINTER INITIATIVE AND GENERAL OPERATING | $30,000 |
THE ACCESS FUND PURPOSE: CLIMBING CONSERVATION GRANT PROGRAM | $30,000 |