Community First Foundation
- Assets
- $565.8m
- Revenue
- $151.8m
- Investments
- $123.7m
- Employees
- 30
- Location
- Arvada, CO
- Founding
- 06/1975
- Data as of
- 12/2021
- EIN
- 51-0157964
Organization Overview
Community First Foundation is located in Arvada, CO. The organization was established in 1975. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community First Foundation employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community First 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, Community First Foundation generated $151.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $96.3m during the year ending 12/2021. While expenses have increased by 9.3% 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, Community First Foundation has awarded 11,528 individual grants totaling $465,951,961. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE CONNECT IDEAS, PEOPLE AND NONPROFITS TO MAKE GOOD HAPPEN.
Describe the Organization's Program Activity:
COMMUNITY FIRST FOUNDATION HAS BEEN CONNECTING DONORS AND INNOVATIVE COLORADO NONPROFITS SINCE 1975. AS THE COMMUNITY FOUNDATION SERVING JEFFERSON COUNTY (JEFFCO), COLORADO, WE ARE COMMITTED TO ACTIVATING IDEAS, PEOPLE AND RESOURCES SO THAT ALL JEFFCO COMMUNITIES HAVE THE OPPORTUNITY TO THRIVE. WE HELP DONORS WITH PHILANTHROPIC PLANNING, SUPPORT NONPROFITS WITH GRANTS AND RESOURCES, AND TOGETHER, BUILD RESILIENT AND CONNECTED COMMUNITIES. OUR WORK IS ROOTED IN RADICAL LISTENING AND A COMMITTMENT TO EQUITY AND INCLUSION. THE FOUNDATION ALSO PRESENTS COLORADOGIVES.ORG, A YEAR-ROUND GIVING WEBSITE FEATURING MORE THAN 3,200 NONPROFITS. CONTINUED ON SCH O.COLORADOGIVES.ORG POWERS COLORADO GIVES DAY, AN ANNUAL STATEWIDE MOVEMENT TO INCREASE ONLINE GIVING. THE FOUNDATION IS A LEADER IN STRENGTHENING THE NONPROFIT SECTOR. THE FOUNDATION'S MEETING SPACE, AVAILABLE TO NONPROFITS, REMAINED CLOSED IN 2021 DUE TO THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Haggstrom Exec VP (term Ended 12/31/2020) | Officer | 0 | $301,016 |
Kelly S Dunkin President & CEO | OfficerTrustee | 40 | $289,354 |
Kenneth R Kirwin COO And CFO | Officer | 40 | $240,843 |
Noah Atencio VP Of Community Impact | 40 | $181,307 | |
Christine Moreland Controller | 40 | $145,744 | |
Erica Thornley VP Product Development | 40 | $132,152 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neon One Technology Provider | 12/30/21 | $374,199 |
Savvy Contruction Co Construction General Contractor | 12/30/21 | $273,769 |
Morgan Stanley Smith Barneygraystone Co Investment Consultant | 12/30/21 | $223,756 |
Gyan-i Inc Information Technology Consulting & Supp | 12/30/21 | $214,395 |
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 | $87,139,793 |
| Noncash contributions included in lines 1a–1f | $934,063 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,139,793 |
| Total Program Service Revenue | $0 |
| Investment income | $11,938,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,382,028 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,756,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,921,231 |
| Grants and other assistance to domestic individuals. | $21,878 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $654,967 |
| Compensation of current officers, directors, key employees. | $368,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,903,264 |
| Pension plan accruals and contributions | $110,285 |
| Other employee benefits | $437,757 |
| Payroll taxes | $197,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,103 |
| Fees for services: Accounting | $43,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $318,898 |
| Fees for services: Other | $116,923 |
| Advertising and promotion | $141,086 |
| Office expenses | $70,632 |
| Information technology | $219,121 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,713 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,531 |
| Insurance | $74,944 |
| All other expenses | $32,218 |
| Total functional expenses | $96,250,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,211,003 |
| 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 | $169,882 |
| Net Land, buildings, and equipment | $3,226,762 |
| Investments—publicly traded securities | $419,963,348 |
| Investments—other securities | $123,736,777 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,468,687 |
| Total assets | $565,776,459 |
| Accounts payable and accrued expenses | $887,154 |
| Grants payable | $10,775,122 |
| 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 | $46,660,674 |
| Total liabilities | $58,322,950 |
| Net assets without donor restrictions | $456,343,424 |
| Net assets with donor restrictions | $51,110,085 |
| 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 | $565,776,459 |
Grants Awarded
Over the last fiscal year, Community First Foundation has awarded $85,822,215 in support to 1,891 organizations.
| Grant Recipient | Amount |
|---|---|
Boulder, CO PURPOSE: GENERAL PURPOSE | $4,004,521 |
Denver, CO PURPOSE: GENERAL PURPOSE | $1,760,982 |
Denver, CO PURPOSE: GENERAL PURPOSE | $1,438,446 |
Denver, CO PURPOSE: GENERAL PURPOSE | $944,531 |
Denver, CO PURPOSE: GENERAL PURPOSE | $822,007 |
Denver, CO PURPOSE: GENERAL PURPOSE | $808,400 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community First Foundation has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Houston Family Foundation Armonk, NY PURPOSE: BOULDER COUNTY WILDFIRE FUND | $5,000 |
The Rice Family Foundation San Diego, CA PURPOSE: BOULDER COUNTYWILDLIFE FUND | $500 |
Endowment Analysis
| Beg. Balance | $38,719,494 |
| Earnings | $3,144,040 |
| Net Contributions | $1,038,876 |
| Grants | $1,425,979 |
| Ending Balance | $41,476,431 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tulsa Community Foundation Tulsa, OK | $812,010,286 | $307,738,379 |
Denver Foundation Denver, CO | $993,536,650 | $189,641,789 |
Omaha Community Foundation Omaha, NE | $518,933,550 | $149,448,714 |
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Christian Community Foundation Inc Colorado Springs, CO | $497,894,733 | $194,166,172 |
Community First Foundation Arvada, CO | $565,776,459 | $151,756,882 |
Omaha Community Foundation Donor Directed Depository Omaha, NE | $49,176,399 | $38,155,808 |
Nebraska Community Foundation Lincoln, NE | $227,749,373 | $20,781,363 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of Jackson Hole Jackson, WY | $113,990,661 | $47,502,372 |
Rose Community Foundation Denver, CO | $325,610,267 | $15,145,306 |
Lincoln Community Foundation Inc Lincoln, NE | $161,472,860 | $29,470,305 |