Colby Operating Foundation
- Assets
- $276.5k
- Revenue
- $14.0k
- Investments
- $275.5k
- Employees
- 0
- Location
- Reno, NV
- Founding
- 07/2000
- Data as of
- 12/2023
- EIN
- 88-0445730
Organization Overview
Colby Operating Foundation is located in Reno, NV. The organization was established in 2000. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colby Operating 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, Colby Operating Foundation generated $14.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $18.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Cassani Trustee | 2 | $0 | |
Starla A Cassani Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,059 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,905 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,964 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $840 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,418 |
| Printing and publications | $0 |
| Other expenses | $3,536 |
| Total operating and administrative expenses | $10,203 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $18,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $990 |
| 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 | $0 |
| Investments—other | $169,880 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $276,492 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $10,453 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,453 |
Grants Awarded
Over the last fiscal year, Colby Operating Foundation has awarded $8,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NEVADA-BOARD OF REGENTS PURPOSE: CHARITABLE | $4,000 |
PACIFIC NORTHWEST UNIVERSITY PURPOSE: CHARITABLE | $4,000 |