Colorado 500 Charity Fund
- Assets
- $775.8k
- Revenue
- $379.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Basalt, CO
- Founding
- 01/1986
- Data as of
- 11/2021
- EIN
- 84-0986727
Organization Overview
Colorado 500 Charity Fund is located in Basalt, CO. The organization was established in 1986. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Colorado 500 Charity Fund 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 11/2021, Colorado 500 Charity Fund generated $379.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $291.2k during the year ending 11/2021. While expenses have increased by 12.9% per year over the past 6 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 ASSISTANCE IN THE FORM OF SCHOLARSHIPS AND GRANTS TO WORTHY INDIVIDUALS AND ORGANIZATIONS IN WESTERN COLORADO
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CASH BENEFITS TO MOSTLY YOUTH ORIENTED AGENCIES THAT ARE FORGOTTEN BY THE FUND RAISING ORGANIZATIONS ON THE WESTERN SLOPE OF THE STATE OF COLORADO
COLLEGE SCHOLARSHIPS AWRDED TO LOCAL HIGH SCHOOL GRADUTES
TO PROVIDE FINANCIAL ASSISTANCE TO WORTHY INDIVIDUALS AND FAMILIES IN WESTERN COLORADO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Lohman Executive Director | Officer | 40 | $88,064 |
Paul Dallenbach Vice President | Officer | 2 | $0 |
Tony Thompson Treasurer | Officer | 2 | $0 |
Glen Jammaron Chairman | Officer | 2 | $0 |
Chip Griffith Board Member | Trustee | 2 | $0 |
Ben Cheatwood Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,727 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,721 |
| Total Program Service Revenue | $0 |
| Investment income | $186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $211,764 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $379,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,650 |
| Grants and other assistance to domestic individuals. | $72,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,064 |
| Compensation of current officers, directors, key employees. | $112,064 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,232 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,958 |
| Office expenses | $2,733 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,514 |
| 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 | $1,210 |
| Insurance | $4,509 |
| All other expenses | $10,152 |
| Total functional expenses | $291,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,572 |
| Savings and temporary cash investments | $565,985 |
| 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 | $4,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $775,791 |
| Accounts payable and accrued expenses | $3,007 |
| 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 | $3,007 |
| Net assets without donor restrictions | $772,784 |
| 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 | $775,791 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Colorado 500 Charity Fund has recieved totaling $17,070.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $12,000 |
Sumner T Mcknight Foundation Baltimore, MD PURPOSE: GENERAL | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $70 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Of The Sun United Way Phoenix, AZ | $104,098,931 | $79,942,536 |
Nebraska Children And Families Foundation Lincoln, NE | $60,865,953 | $72,528,420 |
Peter Kiewit Foundation Omaha, NE | $431,803,629 | $21,833,373 |
United Way Of The Midlands Omaha, NE | $22,649,944 | $36,718,233 |
Mile High United Way Inc Denver, CO | $62,814,897 | $36,182,511 |
The New Horizons Foundation Inc Colorado Springs, CO | $90,565,468 | $42,722,124 |
Jewish Federation Of Omaha Inc Omaha, NE | $53,867,184 | $39,560,353 |
Tulsa Area United Way Tulsa, OK | $38,352,626 | $26,094,881 |
Jewish Community Center Of Greater Kansas City Overland Park, KS | $12,170,209 | $16,836,609 |
United Way Of Central Oklahoma Oklahoma City, OK | $31,400,744 | $22,733,637 |
United Way Of Central New Mexico Albuquerque, NM | $25,758,904 | $18,629,053 |
United Way Of The Plains Wichita, KS | $26,271,888 | $15,996,345 |