Goodwill Of Colorado Foundation
- Assets
- $17.7m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Colorado Springs, CO
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 84-1488592
Organization Overview
Goodwill Of Colorado Foundation is located in Colorado Springs, CO. The organization was established in 1999. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Goodwill Of Colorado Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Of Colorado 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, Goodwill Of Colorado Foundation generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 10.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS THROUGH PUBLIC AND CORPORATE APPEALS, ACTIVITIES AND OUTREACH SUPPORTING GOODWILL OF COLORADO'S MISSION OF HELPING INDIVIDUALS (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, GOODWILL OF COLORADO, IN PARTNERSHIP WITH GOODWILL INDUSTRIAL SERVICES CORPORATION (EIN#84-1273701), PROVIDED MEANINGFUL AND GAINFUL EMPLOYMENT TO OVER 280 INDIVIDUALS WITH DEVELOPMENTAL AND ECONOMIC CHALLENGES THROUGH ITS SELF-SUSTAINING BUSINESS ENTERPRISES COMPRISED OF LAUNDRY, JANITORIAL, DOCUMENT IMAGING AND FLEET MAINTENANCE SERVICES. CONTINUED SCH O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Grazier - See Sch O CEO | OfficerTrustee | 1 | $0 |
Tom Neill Chair | OfficerTrustee | 1 | $0 |
Christy Walsh Vice Chair | OfficerTrustee | 1 | $0 |
Stacey Kasten Treasurer | OfficerTrustee | 1 | $0 |
Michelle Blessing Secretary | OfficerTrustee | 1 | $0 |
Mark Perrault Immed. Past Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $431,814 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,150,135 |
| Noncash contributions included in lines 1a–1f | $828,495 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,581,949 |
| Total Program Service Revenue | $0 |
| Investment income | $441,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $593,824 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,617,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,134,136 |
| 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 | $480,916 |
| Pension plan accruals and contributions | $12,761 |
| Other employee benefits | $41,059 |
| Payroll taxes | $37,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,898 |
| Fees for services: Other | $72,951 |
| Advertising and promotion | $75,702 |
| Office expenses | $99,531 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,331 |
| Travel | $2,542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,734 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,234 |
| Insurance | $2,114 |
| All other expenses | $0 |
| Total functional expenses | $3,035,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,320,048 |
| Savings and temporary cash investments | $233,280 |
| Pledges and grants receivable | $667,735 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,053,750 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,680,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,768,036 |
| Total assets | $17,723,307 |
| Accounts payable and accrued expenses | $22,881 |
| 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 | $1,968,854 |
| Total liabilities | $1,991,735 |
| Net assets without donor restrictions | $9,574,657 |
| Net assets with donor restrictions | $6,156,915 |
| 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 | $17,723,307 |