Colorado 4h Foundation Inc
- Assets
- $989.1k
- Revenue
- $303.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Collins, CO
- Founding
- 08/1952
- Data as of
- 06/2021
- EIN
- 74-2586894
Organization Overview
Colorado 4h Foundation Inc is located in Fort Collins, CO. The organization was established in 1952. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Colorado 4h Foundation 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 06/2021, Colorado 4h Foundation Inc generated $303.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $89.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (24.7%) per year over the past 6 years. 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
THE COLORADO 4-H FOUNDATION PROVIDES POSITIVE YOUTH DEVELOPMENT AND EDUCATION BY RAISING AND DISTRIBUTING FUNDS IN SUPPORT OF DIVERSE COLORADO 4-H PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS ARE PROVIDED TO OFFSET COSTS ASSOCIATED WITH LOCAL, STATE, REGIONAL, AND NATIONAL 4-H PROGRAMS. THE FOUNDATION PROVIDES SUPPORT TO 49 COUNTY PROGRAMS TO SUPPORT VARIOUS 4-H EDUCATIONAL PROGRAMS AND PROVIDES THE OPPORTUNITY FOR MORE YOUTH TO PARTICIPATE IN 4-H EVENTS AND ACTIVITIES. THE FOUNDATION ALSO SPONSORS NUMEROUS SCHOLARSHIPS AWARDED TO COLLEGE-BOUND MEMBERS. PANDEMIC RELATED RESTRICTIONS IMPACTED THE GENERAL INVESTMENT ENVIRONMENT AND THE ABILITY TO CONDUCT PROGRAMS AND EVENTS IN PERSON. WHILE MARKET INVESTMENT BALANCES SIGNIFICANTLY RECOVERED RELATIVELY QUICKLY, PROGRAM AND EVENT ORIENTED ACTIVITIES AND ASSOCIATED REVENUES DID NOT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Major Jon Barba Vice President | OfficerTrustee | 10 | $0 |
Paula Waggoner President Thru 4.21 | OfficerTrustee | 20 | $0 |
Alexander Glover Treasurer | OfficerTrustee | 5 | $0 |
Rob Ryan Trustee | OfficerTrustee | 5 | $0 |
Mark Trostel Trustee | Trustee | 5 | $0 |
Marvin Witt Trustee | Trustee | 5 | $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 | $60,193 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,193 |
| Total Program Service Revenue | $0 |
| Investment income | $110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $264,370 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$20,843 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $303,830 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,746 |
| Grants and other assistance to domestic individuals. | $2,457 |
| 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 | $24,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,494 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $89,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $989,051 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $989,051 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $206,893 |
| Net assets with donor restrictions | $782,158 |
| 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 | $989,051 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Colorado 4h Foundation Inc has recieved totaling $15,161.
| Awarding Organization | Amount |
|---|---|
Westmeath Foundation Wilmington, DE PURPOSE: MONTEZUMA COUNTY 4H YOUTH DEVELOPMENT | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $161 |
Endowment Analysis
| Beg. Balance | $469,713 |
| Earnings | $180,794 |
| Ending Balance | $650,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas 4-H Foundation Inc Manhattan, KS | $27,207,797 | $6,722,964 |
Oklahoma Youth Exposition Inc Oklahoma City, OK | $6,978,217 | $5,243,188 |
Nebraska Future Farmers Of America Foundation Lincoln, NE | $3,382,051 | $1,786,063 |
Teton County 4-H Council Jackson, WY | $5,120,856 | $1,212,506 |
Nebraska 4-H Foundation Lincoln, NE | $2,843,433 | $1,171,806 |
Future Famers Of America Stillwater, OK | $269,294 | $859,970 |
The Oklahoma 4-H Foundation Inc Stillwater, OK | $14,377,375 | $2,709,970 |
Colorado Future Farmers Of America Foundation Greeley, CO | $4,053,827 | $1,643,378 |
Rice County Community Foundation Lyons, KS | $14,705,146 | $1,600,447 |
Nebraska Vocational Agricultural Foundation Aurora, NE | $2,021,514 | $645,964 |
Future Farmers Of America Lincoln, NE | $663,967 | $672,372 |
The Arizona Agricultural Education/Ffa Foundation Glendale, AZ | $2,539,938 | $1,352,093 |