Yampa Valley Community Foundation
- Assets
- $68.9m
- Revenue
- $14.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Steamboat Springs, CO
- Founding
- 04/1980
- Data as of
- 12/2023
- EIN
- 84-0794536
Organization Overview
Yampa Valley Community Foundation is located in Steamboat Springs, CO. The organization was established in 1980. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Yampa Valley Community Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yampa Valley Community 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, Yampa Valley Community Foundation generated $14.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $7.3m during the year ending 12/2023. While expenses have increased by 29.9% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
YAMPA VALLEY COMMUNITY FOUNDATION LEADS TRANSFORMATIONAL CHANGE THROUGHOUT THE YAMPA VALLEY BY ENGAGING DONORS IN PURPOSEFUL PHILANTHROPY, EMPOWERING LOCAL NONPROFIT ORGANIZATIONS, INSPIRING IMPACTFUL GRANTMAKING, AND COLLABORATING TO BUILD VIBRANT COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DEVELOPS ANNUAL AND GROWING FUNDS TO SUPPORT ORGANIZATIONS AND PROGRAMS IN ROUTT AND MOFFAT COUNTIES.1. THROUGH OUR ANNUAL GRANT CYCLE, OVER $541,000 WAS GRANTED OUT TO 70 NONPROFITS.2. OVER $509,000 IN SCHOLARSHIPS WERE GRANTED TO 137 STUDENTS ATTENDING UNIVERSITIES, COLLEGES AND VOCATIONAL TRADE SCHOOLS.3. IN TOTAL, $6.76 MILLION WAS GRANTED OUT TO 251 NONPROFIT ORGANIZATIONS IN 1044 GRANTS THROUGH FUNDS MANAGED BY THE FOUNDATION.4. THE FOUNDATIONS' PASSPORT CLUB, THROUGH OUR PARTNERSHIP WITH THE STEAMBOAT SKI & RESORT CORPORATION HAS GENERATED OVER 9.4 MILLION DOLLARS. THESE CONTRIBUTIONS HAVE PROVIDED GRANTS AND SCHOLARSHIPS INTO THE COMMUNITY AND SUPPORTED THE OPERATIONS OF THE FOUNDATION FOR OVER 26 YEARS.AFTER EMBARKING ON A NEARLY YEAR-LONG EXPLORATION, THE COMMUNITY FOUNDATION HAS ESTABLISHED A LOCAL IMPACT INVESTMENT PROGRAM. LOCAL IMPACT INVESTMENTS ARE THOSE MADE TO LOCAL NONPROFIT ORGANIZATIONS OR PUBLIC SERVING AGENCIES WITH THE INTENTION OF GENERATING MEASURABLE COMMUNITY BENEFIT ALONGSIDE MODEST FINANCIAL RETURNS. THE PROGRAM IS A MEANS OF ADDRESSING THE GAP BETWEEN THE NEED FOR CAPITAL AND WHAT THE PRIVATE MARKET WILL PROVIDE, ENABLING INVESTMENT OPPORTUNITIES AT RATES OF FINANCIAL RETURN THAT PRIORITIZE COMMUNITY IMPACT. THROUGH OUR IMPACT INVESTMENT PROGRAM, YVCF CAN UNLOCK CAPITAL TO ADDRESS CRITICAL ISSUES NONPROFITS FACE. RECOGNIZING THAT THE LACK OF AFFORDABLE HOUSING CAUSES A CASCADE OF ISSUES AND IS THE MOST SIGNIFICANT CHALLENGE IMPACTING THE YAMPA VALLEY TODAY, IN 2023 YVCF MADE ITS FIRST IMPACT INVESTMENT LOAN OF $2.5 MILLION TO THE CRAIG HOUSING AUTHORITY FOR A 20 UNIT FOR-SALE DEED-RESTRICTED TOWNHOME DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Wohlgenant Executive Direc | Officer | 40 | $171,260 |
Jerry Hernandez Director | Trustee | 1 | $0 |
Paula Cooper Black Emeritus | Trustee | 1 | $0 |
Jim Bronner Emeritus | Trustee | 1 | $0 |
Debra Conroy Director | Trustee | 1 | $0 |
Judy Mcginnis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $184,728 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,673,085 |
| Noncash contributions included in lines 1a–1f | $2,467,583 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,857,813 |
| Total Program Service Revenue | $415,272 |
| Investment income | $1,980,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $792,066 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,045,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,412,832 |
| Grants and other assistance to domestic individuals. | $509,339 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $194,313 |
| Compensation of current officers, directors, key employees. | $97,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,995 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,122 |
| Payroll taxes | $40,932 |
| Fees for services: Management | $32,037 |
| Fees for services: Legal | $455 |
| Fees for services: Accounting | $9,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,649 |
| Office expenses | $29,489 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,655 |
| 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 | $15,225 |
| Insurance | $8,020 |
| All other expenses | $34,435 |
| Total functional expenses | $7,312,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $638,623 |
| Savings and temporary cash investments | $387,358 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,508 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,514,072 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,647,006 |
| Investments—publicly traded securities | $62,543,393 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,820 |
| Total assets | $68,861,780 |
| Accounts payable and accrued expenses | $374,790 |
| 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 | $5,114,629 |
| Total liabilities | $5,489,419 |
| Net assets without donor restrictions | $54,044,722 |
| Net assets with donor restrictions | $9,327,639 |
| 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 | $68,861,780 |