Longmont Community Foundation
- Assets
- $22.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Longmont, CO
- Founding
- 03/2014
- Data as of
- 12/2022
- EIN
- 46-3894713
Organization Overview
Longmont Community Foundation is located in Longmont, CO. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Longmont Community Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longmont Community 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, Longmont Community Foundation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 7.0% 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, Longmont Community Foundation has awarded 437 individual grants totaling $9,992,163. 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
IMPROVING LIFE IN THE ST. VRAIN VALLEY THROUGH PHILANTHROPY AND CHARITABLE LEADERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LONGMONT COMMUNITY FOUNDATION IMPROVES THE LIVES OF THOSE IN THE ST. VRAIN VALLEY THROUGH PHILANTHROPY AND CHARITABLE LEADERSHIP. ANNUALLY, THE FOUNDATION PROVIDED MORE THAN $1.3 MILLION IN GRANTS TO CHARITABLE ORGANIZATIONS AND OVER $187,000 IN SCHOLARSHIPS TO STUDENTS PURSUING TRADE/VOCATIONAL CAREERS OR TWO OR FOUR YEAR COLLEGE EDUCATIONS. EACH YEAR, THE LIVE & GIVE LONGMONT FUND (A PERMANENT SOURCE OF FUNDING TO THE COMMUNITY) PROVIDES SUPPORT TO NONPROFITS IN 7 KEY PROGRAM AREAS. THESE INCLUDE: EDUCATION, HUMAN SERVICES, HEALTH, ANIMALS, ARTS, CIVIC, AND ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Napp President | OfficerTrustee | 3 | $0 |
Monica Baldwin Vice President | OfficerTrustee | 3 | $0 |
Donald Alspaugh Treasurer | OfficerTrustee | 3 | $0 |
Eliberto Mendoza Secretary | OfficerTrustee | 3 | $0 |
John Caldwell Trustee | Trustee | 2 | $0 |
Lynne Harkness Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,874,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,874,310 |
| Total Program Service Revenue | $89,552 |
| Investment income | $556,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$381,284 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,138,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,334,195 |
| Grants and other assistance to domestic individuals. | $187,904 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,127 |
| Compensation of current officers, directors, key employees. | $10,913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,860 |
| Pension plan accruals and contributions | $6,526 |
| Other employee benefits | $10,165 |
| Payroll taxes | $13,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,782 |
| Fees for services: Other | $49,479 |
| Advertising and promotion | $15,091 |
| Office expenses | $3,706 |
| Information technology | $24,951 |
| Royalties | $0 |
| Occupancy | $29,131 |
| Travel | $3,303 |
| 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 | $1,920 |
| All other expenses | $501 |
| Total functional expenses | $1,960,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $673,141 |
| Savings and temporary cash investments | $361,405 |
| Pledges and grants receivable | $0 |
| 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 | $2,122 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,225,567 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,262,235 |
| Accounts payable and accrued expenses | $15,625 |
| Grants payable | $134,725 |
| 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 | $7,656,435 |
| Total liabilities | $7,806,785 |
| Net assets without donor restrictions | $7,936,612 |
| Net assets with donor restrictions | $6,518,838 |
| 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 | $22,262,235 |
Grants Awarded
Over the last fiscal year, Longmont Community Foundation has awarded $915,646 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
ROBERTA'S LEGACY INC PURPOSE: PROGRAM SUPPORT | $20,450 |
SAMARITAN'S PURSE PURPOSE: PROGRAM SUPPORT | $20,200 |
WILD PLUM CENTER FOR YOUNG CHILDREN AND FAMILIES PURPOSE: PROGRAM SUPPORT | $20,900 |
MAKE-A-WISH FOUNDATION OF IOWA INC PURPOSE: PROGRAM SUPPORT | $20,000 |
COLORADO IMMIGRANTS RIGHTS COALITION PURPOSE: PROGRAM SUPPORT | $15,500 |
ELIZABETH VINSON PURPOSE: PROGRAM SUPPORT | $14,844 |