Philanthropy Colorado
- Assets
- $1.1m
- Revenue
- $954.9k
- Investments
- $70.8k
- Employees
- 5
- Location
- Arvada, CO
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 71-0947313
Organization Overview
Philanthropy Colorado is located in Arvada, CO. The organization was established in 2003. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Philanthropy Colorado employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philanthropy Colorado 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, Philanthropy Colorado generated $954.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $573.5k during the year ending 12/2021. While expenses have increased by 12.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN COLORADO COMMUNITIES BY BRINGING PEOPLE, INFORMATION AND RESOURCES TOGETHER. OUR ACTIVITIES FOCUS ON EDUCATION AND TRAINING, LEARNING NETWORKS AND ADVOCACY WITH THE OVERALL AIM OF LEADING AND SERVING THE DIVERSE AND DYNAMIC PHILANTHROPIC SECTOR THAT SUPPORTS NONPROFITS AND COMMUNITIES THROUGHOUT COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHLIGHTS FROM 2021 AT THE 50-YEAR MARK:- CREATED DOZENS OF SPACES FOR MEMBERS TO MEET VIRTUALLY TO SHARE AND LEARN ABOUT A BROAD RANGE OF ISSUES: ADVOCACY, RURAL BROADBAND, REFUGEES AND IMMIGRATION, CLIMATE AND DISASTER RESILIENCE, VACCINE ACCESS, EARLY CHILDHOOD EDUCATION, VIOLENCE AND HATE, IMPACT INVESTING, PANDEMIC ISSUES, RACIAL EQUITY, FEDERAL RELIEF FUNDING, COMMUNITY NEWS, ARTS AND CULTURE, CYBERSECURITY, WORKPLACE POLICIES, MENTAL HEALTH AND A LOT MORE. - EMBARKED ON FIRST YEAR OF NEW STRATEGIC ROADMAP, HIRING NEW DIRECTOR OF EQUITY AND IMPACT IN MARCH TO CO-LEAD THE IMPLEMENTATION OF OUR TWO-YEAR EQUITY FRAMEWORK GUIDING BOTH INTERNAL AND EXTERNAL ACTIVITIES.- LAUNCHED THE EARLY STAGES OF A CAPACITY-BUILDING CAMPAIGN WITH A LEAD GIFT AND A MATCHING CHALLENGE GRANT THAT HAS ALLOWED US TO BEGIN INVESTING IN ADDITIONAL STAFF AND RESOURCES TO HELP US ACTIVELY LEAD AND SERVE THE FIELD OF PHILANTHROPY IN COLORADO.- FOR THE THIRD STRAIGHT YEAR, OUR DIRECTOR OF RURAL AND STATEWIDE NETWORKS CONTINUED TO WORK WITH A CORE GROUP OF FUNDERS ON LEARNING EXCHANGES AND OPPORTUNITIES FOR COLLABORATION IN DIVERSE REGIONS ACROSS RURAL COLORADO. - FORMALIZED PARTNERSHIP WITH ABFE TO OFFER REGULAR TRAINING SESSIONS FOR BOTH FOUNDATION/FUNDER STAFF AND TRUSTEES AND COLLABORATED WITH TRUST-BASED PHILANTHROPY PROJECT TO PRESENT FOUR WEBINARS (ONE IN SPRING AND THREE-PART SUMMER SERIES) TO A LARGE COHORT OF PHILANTHROPY COLORADO MEMBERS.- DEVELOPED EQUITY LENS GUIDELINES AND METRICS FOR ALL PROGRAMS AND PEER GROUPS, RFP PROCESS FOR HIRING VENDORS, WITH WORK UNDER WAY ON BOARD ASSESSMENTS, PERFORMANCE REVIEWS, EMPLOYEE MANUAL AND RELATED RESOURCES FOR MEMBERS, AS WELL AS PLANS TO ESTABLISH EQUITY COMMITTEE INCLUDING BOARD AND MEMBER REPRESENTATIVES.- ADDED SEVERAL NEW MEMBERS AND EXPECT TO HAVE ANOTHER NEW RECORD NUMBER OF MEMBERS BY YEAR-END.- HOSTED HEATHER MCGHEE, AUTHOR OF THE SUM OF US: WHAT RACISM COSTS EVERYONE AND HOW WE CAN PROSPER TOGETHER, AT 50TH ANNIVERSARY CELEBRATION AT DENVER ART MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Kelley Chief Executive Officer | Officer | 40 | $119,882 |
Amy Latham Immediate Past Chair | OfficerTrustee | 2 | $0 |
Gary Steuer Chair | OfficerTrustee | 2 | $0 |
Tariana Navas-Nieves Vice Chair | OfficerTrustee | 1 | $0 |
Megan Ledin Secretary | OfficerTrustee | 1 | $0 |
Ladawn Sullivan Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $650,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $704,480 |
| Total Program Service Revenue | $239,678 |
| Investment income | $10,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $954,942 |
| 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. | $124,493 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,784 |
| Pension plan accruals and contributions | $23,864 |
| Other employee benefits | $37,334 |
| Payroll taxes | $24,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,504 |
| Advertising and promotion | $390 |
| Office expenses | $16,587 |
| Information technology | $7,322 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,180 |
| 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 | $16,690 |
| Insurance | $2,943 |
| All other expenses | $0 |
| Total functional expenses | $573,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,244 |
| Savings and temporary cash investments | $812,992 |
| 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 | $7,078 |
| Net Land, buildings, and equipment | $17,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $70,825 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,084,843 |
| Accounts payable and accrued expenses | $25,243 |
| Grants payable | $0 |
| Deferred revenue | $99,325 |
| 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 | $0 |
| Total liabilities | $124,568 |
| Net assets without donor restrictions | $856,194 |
| Net assets with donor restrictions | $104,081 |
| 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 | $1,084,843 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Philanthropy Colorado has recieved totaling $891,465.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: CHAMPION HEALTH EQUITY | $500,000 |
The Colorado Health Foundation Denver, CO PURPOSE: CHAMPION HEALTH EQUITY | $250,000 |
Zoma Foundation Bentonville, AR PURPOSE: RURAL PHILANTHROPY NETWORK 2.0 | $30,000 |
Denver Foundation Denver, CO PURPOSE: THE RURAL FUNDERS LEARNING NETWORK | $28,760 |
Donnell-Kay Foundation Inc Denver, CO PURPOSE: RURAL FUNDER LEARNING NETWORK | $15,200 |
Telluride Foundation Telluride, CO PURPOSE: OPERATIONS | $10,000 |
Endowment Analysis
| Beg. Balance | $67,924 |
| Earnings | $6,045 |
| Other Expense | $3,144 |
| Ending Balance | $70,825 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wyoming Association Of Non Profit Organizations Cheyenne, WY | $120,056 | $1,222,014 |
Philanthropy Colorado Arvada, CO | $1,084,843 | $954,942 |
Kansas Association Of Community Foundations Washington, KS | $9,529,087 | $911,940 |
Northwest Pipeline Voluntary Employees Beneficiary Association Tulsa, OK | $8,312,705 | $807 |
Association Of Fundraising Professionals Scottsdale, AZ | $45,714 | $0 |
Rotary Club Of Leawood Kansas Charitable Fund Inc Leawood, KS | $323,333 | $0 |
Philanos Leawood, KS | $202,327 | $0 |
Showhouse Santa Fe Inc Santa Fe, NM | $4,395 | $0 |
Athenaaz Foundation Glendale, AZ | $7,586 | $0 |
Crew Charleston Chapter Lawrence, KS | $101,054 | $0 |
Association Of Fundraising Professionals Wichita, KS | $66,991 | $0 |
Acf Beehive State Chefs Charter Inc Salt Lake City, UT | $23,740 | $0 |