Onward A Legacy Foundation
- Assets
- $5.5m
- Revenue
- $2.9m
- Investments
- $61.1k
- Employees
- 129
- Location
- Cortez, CO
- Founding
- 05/2003
- Data as of
- 12/2021
- 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 12/2021, Onward A Legacy Foundation employed 129 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 12/2021, Onward A Legacy Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.7% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 22.7% 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.
Since 2014, Onward A Legacy Foundation has awarded 102 individual grants totaling $1,683,956. 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
2021
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 29 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 21 NON-PROFIT AND GOVERNMENT ORGANIZATIONS.
ADMINISTRATION OF 18 SCHOLARSHIP FUNDS WHICH PAID SCHOLARSHIPS TO 100 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles R Forth Jr Executive Director | 18 | $23,400 | |
Mb Mcafee Vice President | OfficerTrustee | 2 | $0 |
Pete Montano President | OfficerTrustee | 2 | $0 |
Youvonne Neeley Treasurer | OfficerTrustee | 2 | $0 |
Robby Henes Secretary | OfficerTrustee | 2 | $0 |
David Coit Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,145 |
| Membership dues | $21,594 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $883,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,257,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,169,515 |
| Total Program Service Revenue | $43,486 |
| Investment income | $553,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,058 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $89,088 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,913,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $229,246 |
| Grants and other assistance to domestic individuals. | $68,520 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $23,400 |
| Compensation of current officers, directors, key employees. | $15,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $757,943 |
| Pension plan accruals and contributions | $4,777 |
| Other employee benefits | $0 |
| Payroll taxes | $68,012 |
| Fees for services: Management | $68,670 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,250 |
| 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 | $12,037 |
| Information technology | $9,959 |
| Royalties | $0 |
| Occupancy | $47,092 |
| Travel | $19,663 |
| 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 | $32,185 |
| Insurance | $12,655 |
| All other expenses | $11,285 |
| Total functional expenses | $1,715,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $863,331 |
| Savings and temporary cash investments | $39,574 |
| Pledges and grants receivable | $120,321 |
| Accounts receivable, net | $38,303 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,323 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,465 |
| Net Land, buildings, and equipment | $783,109 |
| Investments—publicly traded securities | $3,572,693 |
| Investments—other securities | $61,065 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,517,184 |
| Accounts payable and accrued expenses | $61,653 |
| Grants payable | $0 |
| Deferred revenue | $151,868 |
| 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 | $567,740 |
| Total liabilities | $781,261 |
| Net assets without donor restrictions | $100,580 |
| Net assets with donor restrictions | $4,635,343 |
| 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 | $5,517,184 |
Grants Awarded
Over the last fiscal year, Onward A Legacy Foundation has awarded $227,646 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GRANTS UNDER 5000 PURPOSE: General operations and projects | $100,294 |
CORTEZ ANIMAL SHELTER PURPOSE: General operations | $30,000 |
West Chester, PA PURPOSE: Grants for Cortez area projects | $21,127 |
Dove Creek, CO PURPOSE: General operations | $20,490 |
Cortez, CO PURPOSE: SUPPORT EMERGENCY SHELTER | $20,000 |
Cortez, CO PURPOSE: GRANTS FOR OPERATIONS and theatre | $11,500 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Onward A Legacy Foundation has recieved totaling $299,278.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: NURTURE HEALTHY MINDS | $191,868 |
The Colorado Health Foundation Denver, CO PURPOSE: NURTURE HEALTHY MINDS | $50,000 |
Hunger Free Colorado Denver, CO PURPOSE: COMM ORG SUPPORT | $25,000 |
Rocky Mountain Health Foundation Grand Junction, CO PURPOSE: STAFF HEALTH & WELLNESS; SUPPORT FOR THE THE COMMUNITY FOOD CENTER. | $16,500 |
Colorado Garden Show Inc Lakewood, CO PURPOSE: GRASSES & FLOWERS AT 3 ORCHARDS | $10,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $5,701 |
Endowment Analysis
| Beg. Balance | $615,222 |
| Earnings | $112,064 |
| Net Contributions | $20,587 |
| Grants | $66,589 |
| Ending Balance | $681,284 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |