Colorado Air National Guard Legacy Foundation
- Assets
- $606.8k
- Revenue
- $29.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwood Village, CO
- Founding
- 09/2017
- Data as of
- 12/2023
- EIN
- 82-1326681
Organization Overview
Colorado Air National Guard Legacy Foundation is located in Greenwood Village, CO. The organization was established in 2017. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Air National Guard Legacy 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 Air National Guard Legacy Foundation generated $29.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (42.3%) each year. All expenses for the organization totaled $50.0k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE COLORADO AIR NATIONAL GUARD LEGACY FOUNDATION IS DEDICATED TO SERVING THE INTERESTS OF THE COLORADO AIR NATIONAL GUARD BY PROMOTING OUTREACH, ENHANCING MORALE AND ESPRIT DE CORPS, RECOGNIZING AND HONORING SERVICE, AND ASSISTING IN PRESERVING THE HISTORY AND LEGACY OF THE ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL DEVELOPMENT, FOOD CARDS AND OTHER APPROVED PROGRAM EXPENSES
MINUTEMAN STATUES - COST OF CAST METAL STATUES GIVEN AS AWARDS TO MEMBERS OF THE GUARD WHO ARE RETIRING FOR THEIR DISTINGUISHED SERVICE.
100 YEAR CELEBRATION - COSTS ASSOCIATED WITH CELEBRATION CEREMONY FOR THE COLORADO GUARD'S 100 YEARS OF AVIATION WHERE ITS HISTORY WAS HONORED BY MEMBERS OF THE GUARD AND THE COMMUNITY WITH AIRCRAFT, ENTERTAINMENT, FOOD, ETC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip E Doty Treasurer | OfficerTrustee | 5 | $0 |
Trulan A Eyre Vice President | OfficerTrustee | 5 | $0 |
Thomas R Shetter President | OfficerTrustee | 5 | $0 |
Jared L Grahm Director | Trustee | 1 | $0 |
Kevin C Dorsey Director | Trustee | 1 | $0 |
James R Hoefs Secretary | OfficerTrustee | 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 | $5,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,359 |
| Total Program Service Revenue | $0 |
| Investment income | $24,469 |
| 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 | $29,828 |
| 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. | $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 | $2,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135 |
| Advertising and promotion | $0 |
| Office expenses | $1,555 |
| 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 | $0 |
| All other expenses | $10,472 |
| Total functional expenses | $49,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $606,821 |
| 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 | $606,821 |
| 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 | $4 |
| Total liabilities | $4 |
| Net assets without donor restrictions | $606,817 |
| 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 | $606,821 |