Community College Of Denver Foundation
- Assets
- $3.5m
- Revenue
- $960.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 01/2012
- Data as of
- 06/2022
- EIN
- 45-3784543
Organization Overview
Community College Of Denver Foundation is located in Denver, CO. The organization was established in 2012. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community College Of Denver 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 06/2022, Community College Of Denver Foundation generated $960.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. 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
THE FOUNDATION'S PURPOSE IS TO DEVELOP A SUSTAINABLE SOURCE OF REVENUE TO SUPPORT COMMUNITY COLLEGE OF DENVER, ITS STUDENTS, FACULTY, STAFF AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH SCHOLARSHIPS TO STUDENTS, PROGRAM AND FACULTY SUPPORT, AND CAPITAL ENHANCEMENTS, THE FOUNDATION OFFERS LIFE?CHANGING EDUCATIONAL OPPORTUNITIES FOR COMMUNITY COLLEGE OF DENVER STUDENTS.
ALL OTHER PROGRAM REVENUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Movesian Chair | OfficerTrustee | 1 | $0 |
Frank Wentworth Vice Chair | OfficerTrustee | 1 | $0 |
Jay Mccormick Treasurer | OfficerTrustee | 1 | $0 |
Kit Hollingshead Secretary | OfficerTrustee | 1 | $0 |
Lena Crawley Executive Di | Officer | 1.5 | $0 |
Marielena Desanctis Ex Officio, | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,136 |
| Related organizations | $0 |
| Government grants | $328,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $509,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $860,755 |
| Total Program Service Revenue | $0 |
| Investment income | $91,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,146 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $960,729 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $31,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,297 |
| Fees for services: Investment Management | $13,943 |
| Fees for services: Other | $22,281 |
| Advertising and promotion | $4,243 |
| Office expenses | $16,030 |
| Information technology | $15,285 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,298 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,551,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,142 |
| Savings and temporary cash investments | $405,200 |
| Pledges and grants receivable | $843,560 |
| Accounts receivable, net | $34,979 |
| 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 | $1,434,403 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,897 |
| Total assets | $3,524,181 |
| Accounts payable and accrued expenses | $551,615 |
| 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 | $381,250 |
| Total liabilities | $932,865 |
| Net assets without donor restrictions | -$36,540 |
| Net assets with donor restrictions | $2,627,856 |
| 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 | $3,524,181 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Community College Of Denver Foundation has recieved totaling $926,639.
| Awarding Organization | Amount |
|---|---|
The Piton Foundation Denver, CO PURPOSE: SCALE UP THE SUCCESSFUL WORKNOW COLLECTIVE IMPACT MODEL BY INCLUDING NEW SERVICE PARTNERS, EMPLOYER PARTNERS AND CONSTRUCTION TRAINING CURRICULUM TOOLS. FURTHER EXPAND JOB CREATION FOR 30,000 UNDEREMPLOYED, LOW SKILLED WORKERS AND ENTREPRENEURS IN COMMUNITIES AFFECTED BY THE UPCOMING LARGE PROJECTS. | $489,500 |
Colorado Nonprofit Development Center Denver, CO PURPOSE: APPRENTICESHIPS | $229,280 |
Colorado Community College System Foundation Denver, CO PURPOSE: SCHOLARSHIPS | $111,628 |
Denver Foundation Denver, CO PURPOSE: ECONOMIC RECOVERY- RESTRICTED TO THE OUTLINED SCOPE OF WORK | $50,000 |
Daniels Fund Denver, CO PURPOSE: BOUNDLESS OPPORTUNITY | $20,000 |
Delta Dental Of Colorado Centennial, CO PURPOSE: FUNDING TO SUPPORT LOCAL EDUCATIONAL ORGANIZATION | $10,000 |
Endowment Analysis
| Beg. Balance | $3,150,096 |
| Net Contributions | $523,952 |
| Other Expense | $1,046,192 |
| Ending Balance | $2,627,856 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
Washburn University Foundation Topeka, KS | $212,049,839 | $17,810,833 |
Fort Hays State University Foundation Hays, KS | $117,134,366 | $18,921,024 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |
Wgu Advancement Salt Lake City, UT | $262,529 | $10,776,481 |
Emporia State University Foundation Emporia, KS | $139,579,484 | $15,768,413 |
University Of Utah Research Foundation Salt Lake City, UT | $360,749,047 | $26,132,674 |
Colorado Mesa University Foundation Grand Junciton, CO | $51,533,089 | $12,141,497 |
Dsst Public Schools Foundation Denver, CO | $32,542,761 | $13,664,687 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
San Tan Montessori School Inc Gilbert, AZ | $28,267,534 | $9,003,617 |