Used Car Dealers Of Colorado Charity Fund Inc
- Assets
- $1.4m
- Revenue
- $101.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood, CO
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 47-0982744
Organization Overview
Used Car Dealers Of Colorado Charity Fund Inc is located in Lakewood, CO. The organization was established in 2015. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Used Car Dealers Of Colorado Charity Fund Inc 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 12/2023, Used Car Dealers Of Colorado Charity Fund Inc generated $101.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $215.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Used Car Dealers Of Colorado Charity Fund Inc has awarded 16 individual grants totaling $493,917. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT THE GOODWILL OF INDEPENDENT USED CAR DEALERS TO HELP ALL COLORADO COMMUNITIES WITH AID, SCHOLARSHIPS AND SUPPORT IN ORDER TO MAKE A POSITIVE DIFFERENCE WITH FAMILIES OF COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOURTEEN SCHOLARSHIPS OF $2,500 EACH PAID TO RECIPIENTS ATTENDING BROWN UNIVERSITY, BYU, COLORADO STATE UNIVERSITY, COMMUNITY COLLEGE OF DENVER, GRAND CANYON UNIVERSITY, METROPOLITAN STATE UNIVERSITY, PLATT COLLEGE, THE UNIVERSITY OF TEXAS AT TYLER, TULANE UNIVERSITY, UNIVERSITY OF COLORADO BOULDER, UNIVERSITY OF DENVER, WESTERN COLORADO UNIVERSITY, AND WESTERN TEXAS COLLEGE, AND ONE $1,000 SCHOLARSHIP TO RIVERDALE RIDGE HIGH SCHOOL.
CASH DONATIONS TO COLORADO BASED 501(C)(3) ENTITIES
CASH DONATIONS TO INDIVIDUALS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Lindberg President | OfficerTrustee | 3 | $0 |
Stan Martin Vice President | OfficerTrustee | 1.5 | $0 |
Bart Barnett Secretary | OfficerTrustee | 1.5 | $0 |
Mark Weida Treasurer | OfficerTrustee | 3 | $0 |
Mike Widhalm Director | Trustee | 1.5 | $0 |
Brian Karsh Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $330,422 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $104,943 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,422 |
| Total Program Service Revenue | $0 |
| Investment income | $20,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$51,277 |
| Net Gain/Loss on Asset Sales | -$167,586 |
| Net Income from Fundraising Events | -$30,414 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $131,842 |
| Grants and other assistance to domestic individuals. | $77,000 |
| 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 | $829 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20 |
| Advertising and promotion | $510 |
| Office expenses | $185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,273 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,382 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,000 |
| All other expenses | $0 |
| Total functional expenses | $215,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,956 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,285 |
| 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 | $1,020,775 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $414 |
| Total assets | $1,448,430 |
| Accounts payable and accrued expenses | $0 |
| 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 | -$937 |
| Total liabilities | -$937 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,449,367 |
| Total liabilities and net assets/fund balances | $1,448,430 |
Grants Awarded
Over the last fiscal year, Used Car Dealers Of Colorado Charity Fund Inc has awarded $125,042 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
VSA COLORADO ACCESS GALLERY PURPOSE: GENERAL CONTRIBUTION | $8,042 |
CAMP WAPIYAPI PURPOSE: GENERAL CONTRIBUTION | $102,000 |
FORGOTTEN HEROES CAMPAIGN PURPOSE: GENERAL CONTRBUTION | $5,000 |
THE TREASURE HOUSE OF HOPE PURPOSE: GENERAL CONTRIBUTION | $5,000 |
WILLIE B FOUNDATION PURPOSE: GENERAL CONTRIBUTION | $5,000 |