Onward A Legacy Foundation
- Assets
- $5.7m
- Revenue
- $3.6m
- Investments
- $81.5k
- Employees
- 182
- Location
- Cortez, CO
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 26-0045741
Organization Overview
Onward A Legacy Foundation is located in Cortez, CO. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Onward A Legacy Foundation employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Onward A Legacy 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, Onward A Legacy Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 25.8% 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.
Since 2014, Onward A Legacy Foundation has awarded 113 individual grants totaling $2,042,265. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ONWARD! IS A TAX-EXEMPT, NON-PROFIT COMMUNITY FOUNDATION ORGANIZED FOR PUBLIC CHARITY PURPOSES. ONWARD!'S MISSION IS TO PROVIDE OPPORTUNITIES TO DEVELOP AND MAINTAIN A SUSTAINABLE RESOURCE BASE THAT WILL ENHANCE THE QUALITY OF LIFE FOR RESIDENTS IN THE FOUR CORNERS' COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF 35 FISCAL FUNDS. THE LARGEST FUNDS ARE RELATED TO SCHOOL COMMUNITY YOUTH, AFTER SCHOOL PROGRAMS, CANYON LANDS PRESERVATION/EDUCATION AND ORCHARD RESTORATION.
ADMINISTRATION OF 6 DONOR-ADVISED FUNDS WHICH MADE GRANTS TO 17 NON-PROFIT AND GOVERNMENT ORGANIZATIONS.
ADMINISTRATION OF 20 SCHOLARSHIP FUNDS WHICH PAID SCHOLARSHIPS TO 89 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles R Forth Jr Executive Director | 18 | $33,300 | |
David Coit Jr Director | Trustee | 1 | $0 |
Mb Mcafee Vice President | OfficerTrustee | 2 | $0 |
Rebecca Samulski Director | Trustee | 2 | $0 |
Pete Montano President | OfficerTrustee | 2 | $0 |
Laura Herrick Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,500 |
| Membership dues | $21,545 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,022,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,195,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,246,137 |
| Total Program Service Revenue | $161,927 |
| Investment income | $132,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,606 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,149 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,597,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $296,509 |
| Grants and other assistance to domestic individuals. | $67,720 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,300 |
| Compensation of current officers, directors, key employees. | $33,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $964,192 |
| Pension plan accruals and contributions | $5,281 |
| Other employee benefits | $0 |
| Payroll taxes | $90,443 |
| Fees for services: Management | $132,947 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,499 |
| 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 | $24,264 |
| Information technology | $7,123 |
| Royalties | $0 |
| Occupancy | $46,991 |
| Travel | $77,044 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,520 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,314 |
| Insurance | $16,143 |
| All other expenses | $16,510 |
| Total functional expenses | $2,572,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $899,475 |
| Savings and temporary cash investments | $72,071 |
| Pledges and grants receivable | $281,741 |
| Accounts receivable, net | $55,460 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $41,206 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,216 |
| Net Land, buildings, and equipment | $1,052,641 |
| Investments—publicly traded securities | $3,192,083 |
| Investments—other securities | $81,484 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,000 |
| Total assets | $5,693,377 |
| Accounts payable and accrued expenses | $109,122 |
| 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 | $481,974 |
| Total liabilities | $591,096 |
| Net assets without donor restrictions | $287,254 |
| Net assets with donor restrictions | $4,815,027 |
| 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 | $5,693,377 |
Grants Awarded
Over the last fiscal year, Onward A Legacy Foundation has awarded $284,509 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CORTEZ ANIMAL SHELTER PURPOSE: General operations | $10,000 |
BRIDGE EMERGENCY SHLTR PURPOSE: SUPPORT EMERGENCY SHELTER | $16,000 |
GRANTS 5000 AND UNDER PURPOSE: General operations and projects | $220,098 |
MONTEZUMA LAND CONSERVANCY PURPOSE: General Operations | $10,000 |
THE GOOD SAMARITAN CENTER PURPOSE: General operations | $28,411 |