Canvas Foundation
- Assets
- $393.2k
- Revenue
- $226.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lone Tree, CO
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 81-1755475
Organization Overview
Canvas Foundation is located in Lone Tree, CO. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public 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. Canvas 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, Canvas Foundation generated $226.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $189.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Canvas Foundation has awarded 13 individual grants totaling $441,567. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CANVAS FOUNDATION'S MISSION IS TO SHARE OUR HEARTS WITH OUR COMMUNITIES THROUGH A FOCUS ON SCHOOLS, FAMILIES, MILITARY, AND FIRST RESPONDERS. OUR GOAL IS TO SUPPORT AND NURTURE THESE CRITICAL AREAS IN ORDER TO MAKE A LASTING FOOTPRINT IN OUR COMMUNITIES. THE FOUNDATION WILL OFFER SCHOLARSHIPS TO STUDENTS TO HELP THEM FURTHER THEIR EDUCATION AND COMMUNITY GRANTS TO LOCAL SCHOOLS AND NON-PROFIT ORGANIZATIONS WHO HAVE DEMONSTRATED CHARACTER, LEADERSHIP AND ETHICAL VALUES. THE FOUNDATION WILL ALSO PROVIDE OTHER CHARITABLE ACTIVITIES AND PROGRAMS THAT REFLECT THE INTERESTS OF THE COMMUNITIES WE SERVE. THESE FUNDS ARE INTENDED TO CREATE LONG-TERM RELATIONSHIPS BETWEEN CANVAS FOUNDATION AND THE RECIPIENTS, WHO WE HOPE WILL CONTINUE TO HELP US CONTINUE TO PROMOTE OUR FOCUS ON SCHOOLS, FAMILIES, MILITARY, AND FIRST RESPONDERS IN OUR SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO CHILDREN'S HOSPITAL AND CHILDREN'S MIRACLE NETWORK
DONATIONS TO SUPPORT OUR PILLARS OF SCHOOLS, FAMILY, MILITARY AND FIRST RESPONDERS.
SCHOLARHIPS TO SUPPORT HIGHER EDUCATION FOR STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malcolm Johnson Chairman | Trustee | 1 | $0 |
Steve Ferrero Vice Chairman | Trustee | 1 | $0 |
Ben Greiving Secretary | Trustee | 1 | $0 |
Colleen Knoll Treasurer | Trustee | 1 | $0 |
Chris Myklebust Director | Trustee | 1 | $0 |
Ben Metzger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,363 |
| Related organizations | $114,954 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,283 |
| Total Program Service Revenue | $0 |
| Investment income | $392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,767 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $134,155 |
| Grants and other assistance to domestic individuals. | $55,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $189,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,183 |
| 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 | $393,183 |
| Accounts payable and accrued expenses | $16,364 |
| 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 | $16,364 |
| 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 | $376,819 |
| Total liabilities and net assets/fund balances | $393,183 |
Grants Awarded
Over the last fiscal year, Canvas Foundation has awarded $110,155 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL OLYMICS COLORADO PURPOSE: DONATION | $50,000 |
GO WEST CU FOUNDATION PURPOSE: DONATION | $50,155 |
COLORADO VETERAN'S PROJECT PURPOSE: DONATION | $10,000 |