Colton Underwood Legacy Foundation Inc
- Assets
- $45.4k
- Revenue
- $248.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Aurora, CO
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 81-1371510
Organization Overview
Colton Underwood Legacy Foundation Inc is located in Aurora, CO. The organization was established in 2017. 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. Colton Underwood Legacy 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 12/2022, Colton Underwood Legacy Foundation Inc generated $248.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $211.1k during the year ending 12/2022. While expenses have increased by 25.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DURING THE YEAR, THE FOUNDATION BEGAN TRANSITIONING TO SUPPORTING/ADVOCATING FOR MENTAL HEALTH CARE (PARTICULARLY FOR COLLEGIATE ATHLETES); THE PROGRAM OF ADVANCING QUALITY OF LIFE OF CYSTIC FIBROSIS WARRIORS AND THEIR CAREGIVERS WAS PHASED OUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED CAMPAIGNS AND EVENTS TO MOTIVATE THOSE WITH CYSTIC FIBROSIS AND BRING AWARENESS TO CYSTIC FIBROSIS; DURING THE YEAR THE FOUNDATION BEGAN TRANSITIONING TO SUPPORTING/ADVOCATING FOR MENTAL HEALTH CARE (PARTICULARLY FOR COLLEGIATE ATHLETES)
SUPPORTED CAMPAIGNS AND EVENTS TO MOTIVATE THOSE WITH CYSTIC FIBROSIS AND BRING AWARENESS TO CYSTIC FIBROSIS; DURING THE YEAR THE FOUNDATION BEGAN TRANSITIONING TO SUPPORTING/ADVOCATING FOR MENTAL HEALTH CARE (PARTICULARLY FOR COLLEGIATE ATHLETES)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Campbell Executive Director | Officer | 40 | $45,833 |
Nicole Montez Director | Trustee | 1 | $0 |
Vickie Campbell Director | Trustee | 1 | $0 |
Jordan Brown Director | Trustee | 1 | $0 |
Sean Bradley Director | Trustee | 1 | $0 |
Amanda Peden Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,811 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $246,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,837 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$33,967 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $248,870 |
| 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. | $45,834 |
| Compensation of current officers, directors, key employees. | $6,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,600 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,000 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $77,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,325 |
| Advertising and promotion | $20,100 |
| Office expenses | $3,508 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,642 |
| 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 | $9,580 |
| Total functional expenses | $211,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,365 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $20,000 |
| 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 | $45,365 |
| Accounts payable and accrued expenses | $6,863 |
| 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 | $6,863 |
| 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 | $38,502 |
| Total liabilities and net assets/fund balances | $45,365 |