North Colorado Medical Center Foundation Inc
- Assets
- $33.3m
- Revenue
- $5.3m
- Investments
- $4.0m
- Employees
- 0
- Location
- Greeley, CO
- Founding
- 10/1978
- Data as of
- 12/2021
- EIN
- 84-0718355
Organization Overview
North Colorado Medical Center Foundation Inc, operating under the name Weld Legacy Foundation, is located in Greeley, CO. The organization was established in 1978. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weld Legacy 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, Weld Legacy Foundation generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Weld Legacy Foundation has awarded 134 individual grants totaling $9,048,037. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO POSITIVELY IMPACT THE HEALTH, EDUCATION, AND WELLNESS OF WELD COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS GRANTS ARE MADE TO ENHANCE NORTH COLORADO MEDICAL CENTER'S ABILITY TO DELIVER HEALTHCARE TO THE NORTHERN COLORADO COMMUNITY. OTHER LOCAL NONPROFIT ORGANIZATIONS ALSO BENEFIT FROM GRANTS MADE BY THE FOUNDATION.
MONFORT CHILDREN'S CLINIC - THIS PROGRAM PROVIDES HEALTHCARE TO THE CHILDREN OF LOW-INCOME FAMILIES IN WELD COUNTY AND HAS MORE THAN 14,000 PATIENTS. IT IS OWNED BY THE FOUNDATION AND WAS OPERATED BY THE FOUNDATION UNTIL OCTOBER 2001. AT THAT TIME, SUNRISE COMMUNITY HEALTH CENTER, AN UNRELATED NOT FOR-PROFIT ORGANIZATION, LEASED THE CLINIC AND ASSUMED RESPONSIBILITY FOR DAY-TO-DAY OPERATIONS.
CURTIS STRONG CENTER FOR THE VISUALLY IMPAIRED - THIS PROGRAM WAS ESTABLISHED IN AUGUST 2004 TO MAXIMIZE REMAINING VISION WHEN THE PATIENT'S VISION CANNOT BE CORRECTED OR MEDICALLY OR SURGICALLY RESTORED. THE CENTER PROVIDES AN ASSESSMENT OF VISION LOSS, IDENTIFIES AIDS TO OPTIMIZE REMAINING VISION, AND OFFERS EDUCATION ON THE USE OF THE DEVICES AS WELL AS LIFE SKILLS AND MOBILITY TRAINING. THE CENTER IS SUPPORTED BY THE FOUNDATION AND IS OPERATED BY ENSIGHT SKILLS CENTER, AN UNRELATED THIRD PARTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Grant President & Chair | OfficerTrustee | 1 | $0 |
Brandon Houtchens Vice Chair | OfficerTrustee | 1 | $0 |
Bob Murphy Treasurer | OfficerTrustee | 1 | $0 |
Mark Lawley Secretary | OfficerTrustee | 1 | $0 |
Jeff Carlson CEO | Officer | 10 | $0 |
Ramon Serrano CFO | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $294,342 |
| Related organizations | $11,110 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $674,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $979,719 |
| Total Program Service Revenue | $50,640 |
| Investment income | $749,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,411,556 |
| Net Income from Fundraising Events | -$19,523 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,257,308 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $589,775 |
| Grants and other assistance to domestic individuals. | $54,916 |
| 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 | $71,732 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $66,000 |
| Fees for services: Investment Management | $31,271 |
| Fees for services: Other | $152,732 |
| Advertising and promotion | $37,942 |
| Office expenses | $46,668 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,300 |
| 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 | $74,908 |
| Insurance | $24,825 |
| All other expenses | $0 |
| Total functional expenses | $1,219,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,020,197 |
| Savings and temporary cash investments | $278,691 |
| Pledges and grants receivable | $85,996 |
| 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 | $37,220 |
| Net Land, buildings, and equipment | $417,201 |
| Investments—publicly traded securities | $25,993,237 |
| Investments—other securities | $4,042,506 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $414,174 |
| Total assets | $33,289,222 |
| Accounts payable and accrued expenses | $149,039 |
| Grants payable | $102,725 |
| Deferred revenue | $339,544 |
| 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 | $7,910,572 |
| Total liabilities | $8,501,880 |
| Net assets without donor restrictions | $7,348,918 |
| Net assets with donor restrictions | $17,438,424 |
| 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 | $33,289,222 |
Grants Awarded
Over the last fiscal year, North Colorado Medical Center Foundation Inc has awarded $517,203 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Evans, CO PURPOSE: MONFORT CHILDREN'S CLINIC - REPAIRS/RENOVATION | $179,361 |
NORTH COLORADO MEDICAL CENTER PURPOSE: SUPPORT FOR VARIOUS HOSPITAL DEPARTMENTS | $153,248 |
Fort Collins, CO PURPOSE: OPERATIONAL SUPPORT | $80,000 |
LIFEMED SAFETY INC PURPOSE: PATIENT SUPPORT | $36,794 |
BANNER IMAGING SERVICES COLORADO LLC PURPOSE: FBO - NORTH COLORADO MEDICAL CENTER - PATIENT ASSISTANCE | $29,720 |
BARTON CAREY MEDICAL PRODUCTS PURPOSE: FBO - NORTH COLORADO MEDICAL CENTER - PATIENT ASSISTANCE | $25,111 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that North Colorado Medical Center Foundation Inc has recieved totaling $66,527.
| Awarding Organization | Amount |
|---|---|
Weld Community Foundation Greeley, CO PURPOSE: PROGRAM, CHARITABLE | $22,289 |
The Weld Trust Greeley, CO PURPOSE: DIRECTOR & EMPLOYEE DISCRETIONARY GRANT: CARDIAC REHABILITATION PROGRAM | $13,200 |
Montera Family Foundation Eaton, CO PURPOSE: GENERAL OPERATIONS | $10,000 |
Wenaas Family Fondation Windsor, CO PURPOSE: CONTRIBUTION | $10,000 |
Banner Health Phoenix, AZ PURPOSE: GENERAL SUPPORT | $9,038 |
Otter Cares Foundation Fort Collins, CO PURPOSE: NCMC FOUNDATION GALA | $2,000 |
Endowment Analysis
| Beg. Balance | $12,509,640 |
| Earnings | $1,335,178 |
| Net Contributions | $94,774 |
| Other Expense | $387,366 |
| Grants | $20,902 |
| Ending Balance | $13,531,324 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
Wyoming Machinery Company Employee Medical Benefit Trust Casper, WY | $617,446 | $14,203,698 |
The Weld Trust Greeley, CO | $536,288,885 | $29,341,984 |
Nebraska Methodist Hospital Foundation Omaha, NE | $173,830,201 | $26,097,640 |
Landoll Corporation Employee Health Care Fund Marysville, KS | $14,816 | $11,572,149 |
Presbyterian Health Foundation Oklahoma City, OK | $0 | $8,670,353 |
Anchorum St Vincent Santa Fe, NM | $156,559,426 | $13,078,758 |
Banner Alzheimers Foundation Phoenix, AZ | $39,991,469 | $5,973,985 |
Bhhs Legacy Foundation Phoenix, AZ | $167,586,858 | $10,408,828 |
Integris Health Foundation Inc Oklahoma City, OK | $92,062,321 | $6,628,637 |