Colorado Springs Utilities Foundation
- Assets
- $2.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Colo Springs, CO
- Founding
- 07/2007
- Data as of
- 12/2021
- EIN
- 20-8643063
Organization Overview
Colorado Springs Utilities Foundation is located in Colo Springs, CO. The organization was established in 2007. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Springs Utilities 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 12/2021, Colorado Springs Utilities Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 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 OPERATE EXCLUSIVELY FOR PUBLIC, CHARITABLE, OR EDUCATIONAL PURPOSES TO BENEFIT THE COLORADO SPRINGS UTILITIES COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROJECT COPE PROGRAM PROVIDED EMERGENCY UTILITY BILL FINANCIAL ASSISTANCE TO RESIDENTIAL CUSTOMERS OF COLORADO SPRINGS UTILITIES. THROUGH PARTNERSHIPS WITH NINE NONPROFIT AGENCIES, THE FOUNDATION PROVIDED ASSISTANCE TO 1,993 HOUSEHOLDS WHICH INCLUDED 2,441 CHILDREN AND 3,081 ADULTS TO HELP KEEP THEIR ENERGY AND WATER SERVICES ACTIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tristan Gearhart Treasurer | OfficerTrustee | 0 | $0 |
Rob Osborn Secretary | OfficerTrustee | 0 | $0 |
Melissa Noble President | OfficerTrustee | 0 | $0 |
Mike Francolino Director | Trustee | 0 | $0 |
Travas Deal Director | Trustee | 0 | $0 |
Scott Shewey Former Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $482 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,146,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,147,015 |
| Total Program Service Revenue | $0 |
| Investment income | $409 |
| 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 | $1,147,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,145,281 |
| 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 | $9,910 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $1,404 |
| Total functional expenses | $1,156,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,276 |
| Savings and temporary cash investments | $2,182,678 |
| Pledges and grants receivable | $274,671 |
| 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 | $2,751,625 |
| Accounts payable and accrued expenses | $11,584 |
| 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 | $5,962 |
| Total liabilities | $17,546 |
| Net assets without donor restrictions | $2,459,157 |
| Net assets with donor restrictions | $274,922 |
| 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 | $2,751,625 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Colorado Springs Utilities Foundation has recieved totaling $55,356.
| Awarding Organization | Amount |
|---|---|
Pikes Peak United Way Colorado Springs, CO PURPOSE: Support the Charitable Purpose of the Organization | $35,356 |
Ent Credit Union Colorado Springs, CO PURPOSE: DONATION PPCF | $10,000 |
Pikes Peak Community Foundation Colorado Springs, CO PURPOSE: ZHISTORICAL - HUMAN SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Life Holding Corporation Woodland Park, CO | $112,165,344 | $1,723,190 |
Stewardship Endowment Fund Scottsdale, AZ | $47,139,512 | $6,876,380 |
Legacy For The Kingdom Phoenix, AZ | $44,613,062 | $3,223,185 |
Catholic Foundation Of Oklahoma Inc Oklahoma City, OK | $82,819,268 | $6,647,191 |
Nebraska United Methodist Foundation Lincoln, NE | $58,650,709 | $2,012,304 |
Village Presbyterian Church Endowment Trust Prairie Village, KS | $29,984,173 | $878,628 |
Colorado Springs Utilities Foundation Colo Springs, CO | $2,751,625 | $1,147,424 |
Arizona District Council Of The Assemblies Of God Kingdom Legacy F Phoenix, AZ | $5,638,218 | $1,044,440 |
Speranza Foundation Mesa, AZ | $5,337,179 | $4,707,152 |
Sacred Arts Foundation Cedar Crest, NM | $282,030 | $988,067 |
Endowment Foundation First United Presbyterian Church Albuquerque Albuquerque, NM | $14,946,986 | -$140,979 |
Rough Acres Foundation Inc Colorado Springs, CO | $14,482,437 | $789,431 |