Weldwerks Community Foundation
- Assets
- $61.8k
- Revenue
- $124.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Greeley, CO
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 82-4976036
Organization Overview
Weldwerks Community Foundation is located in Greeley, CO. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weldwerks Community 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, Weldwerks Community Foundation generated $124.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $94.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WELDWERKS COMMUNITY FOUNDATION PROVIDES MANPOWER AND FUNDING TO CHARITABLE ORGANIZATIONS WITHIN NORTHERN COLORADO TO IMPROVE OUR LOCAL COMMUNITIES. MANPOWER AND FUNDING IS NOT TARGETED TOWARD ANY SPECIFIC DEMOGRAPHIC OR NEED AND INSTEAD RELIES ON THE VIABILITY OF THE RECEIVING CHARITY TO FULFILL THEIR PLEDGED DUTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELDWERKS INVITATIONAL FESTIVAL - THE SOLE PURPOSE OF THE FESTIVAL IS TO RAISE FUNDS FOR THE WELDWERKS COMMUNITY FOUNDATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Grizzle President | OfficerTrustee | 0.25 | $0 |
Kristin Popcheff Vice President | OfficerTrustee | 0.25 | $0 |
Neil Fisher Vice President | OfficerTrustee | 0.25 | $0 |
Lyle Smith-Graybeal Vice President | OfficerTrustee | 0.25 | $0 |
Adam Klett Treasurer | OfficerTrustee | 0.25 | $0 |
Roy Van Anda Secretary | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $117,504 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,007 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,511 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$96,450 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $124,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,809 |
| 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 | $827 |
| Fees for services: Accounting | $1,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,358 |
| Advertising and promotion | $0 |
| Office expenses | $204 |
| 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 | $147 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,327 |
| All other expenses | $150 |
| Total functional expenses | $94,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,837 |
| 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 | $61,837 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $61,837 |
| 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 | $61,837 |
Grants Awarded
Over the last fiscal year, Weldwerks Community Foundation has awarded $59,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOMEBUNNY CARES PURPOSE: SUPPORT AND PRODUCTS TO INDIVIDUALS WITH BREAST CANCER | $10,000 |
UNC FOUNDATION PURPOSE: UNIVERSITY OF NORTHERN COLORADO FOUNDATION IS ENTRUSTED TO PROVIDE SUPPORT AND STEWARD DONATIONS FOR THE UNIVERSITY OF NORTHERN COLORADO. WHILE PARTNERING WITH UNIVERSITY ADVANCEMENT, THE FOUNDATION PROVIDES ADMINISTRATION, INVESTMENT, ANDACCOUNTING FOR UNC PHILANTHROPIC DONATIONS. | $24,000 |
GREELEY AREA HABITAT FOR HUMANITY PURPOSE: SEEKING TO PUT GOD'S LOVE INTO ACTION, HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD, HOMES, COMMUNITIES AND HOPE. | $20,000 |
IMMIGRANT & REFUGEE CENTER OF NORTHERN COLORADO PURPOSE: EMPOWERING REFUGEES AND IMMIGRANTS, CONNECTING COMMUNITIES, AND ADVOCATING FOR SUCCESSFUL INTEGRATION. | $5,500 |