Highest Peak Foundation
- Assets
- $683.4k
- Revenue
- $43.9k
- Investments
- $658.6k
- Employees
- 0
- Location
- Henderson, NV
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-2574781
Organization Overview
Highest Peak Foundation is located in Henderson, NV. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highest Peak 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 12/2023, Highest Peak Foundation generated $43.9k 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 (29.8%) each year. All expenses for the organization totaled $138.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Highest Peak Foundation has awarded 46 individual grants totaling $1,058,550. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Ann Harris-Colarossi President | 1 | $0 | |
Richard Leigh Colarossi Vice-President | 1 | $0 | |
Dean Colarossi Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,629 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,291 |
| Capital Gain Net Income | $17,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,572 |
| Total operating and administrative expenses | $4,572 |
| Contributions, gifts, grants paid | $134,000 |
| Total expenses and disbursements | $138,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,768 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $683,384 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Highest Peak Foundation has awarded $134,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ATHLETES FOR LIFE PURPOSE: TO PROVIDE EDUCATIONAL SERVICES, MENTORSHIP, AND GUIDANCE TO MORE THAN 40,000 YOUTH THROUGHOUT SOUTHERN CALIFORNIA. | $10,000 |
TEAM LONG RUN PURPOSE: TO HELP KIDS DISCOVER THEIR OWN WORTH AND CAPABILITY THROUGH THE CONSISTENCY AND SACRIFICE OF RUNNING | $50,000 |
PACIFIC MARINE MAMMAL CENTER PURPOSE: TO PROVIDE RESOURCES FOR MARINE MAMMAL RESCUES, REHABILITATION AND RELEASE AND INSPIRE OCEAN STEWARDSHIP THROUGH RESEARCH, EDUCATION, AND COLLABORATION. | $10,000 |
LEID CENTER PERFORMING ARTS PURPOSE: TO PROMOTE SUPPORT FOR AND DEVELOPMENT OF THE LIED CENTER FOR PERFORMING ARTS - NEBRASKA THROUGH PROJECTS PROVIDING EDUCATIONAL EXPERIENCES, FUNDRAISING, AND SERVICE, AS WELL AS SOCIAL ACTIVITIES. | $11,000 |
THE PRINCIPIA PURPOSE: TO PROMOTE LIFELONG LEARNING; UNIVERSITY | $10,000 |
CAMPERSHIP FUND PURPOSE: TO HELP KIDS ATTEND THE CAMP FOR CHRISTIAN SCIENTISTS OF THEIR CHOICE. | $6,000 |