Aspen Community Foundation
- Assets
- $62.5m
- Revenue
- $28.3m
- Investments
- $22.9m
- Employees
- 14
- Location
- Basalt, CO
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 84-0829226
Organization Overview
Aspen Community Foundation is located in Basalt, CO. The organization was established in 1982. 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 12/2021, Aspen Community Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspen 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 12/2021, Aspen Community Foundation generated $28.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $18.8m during the year ending 12/2021. While expenses have increased by 8.7% 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.
Since 2015, Aspen Community Foundation has awarded 1,557 individual grants totaling $69,811,991. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASPEN COMMUNITY FOUNDATION BUILDS PHILANTHROPY AND SUPPORTS NONPROFIT ORGANIZATIONS BY CONNECTING DONORS TO COMMUNITY NEEDS, BUILDING PERMANENT CHARITABLE FUNDS AND BRINGING PEOPLE TOGETHER TO SOLVE COMMUNITY PROBLEMS.
Describe the Organization's Program Activity:
IN 2021, THE FOUNDATION PROVIDED GRANTMAKING IN THREE AREAS; 1. THE FOUNDATION'S UNRESTRICTED GRANTMAKING FOR ESSENTIAL SERVICES BY NONPROFITS IN THE FOUNDATION'S SERVICE AREA, FUNDED BY AN ANNUAL FUNDRAISING DRIVE. 2. DONOR ADVISED FUND GRANTMAKING IS SUPPORTED FROM OVER 100 DONOR ADVISED FUND, MEETING THE PHILANTHROPIC GOALS OF THE FOUNDATION'S DONORS. 3. DESIGNATED AND SCHOLARSHIP FUNDS PROVIDE GRANTS FOR SPECIFIED PURPOSES IDENTIFIED BY THE FUND'S DESIGN AND ADMINISTERED BY THE FOUNDATION.
IN 2021 THE FOUNDATION CONTINUED ITS CRADLE-TO-CAREER INITIATIVE, A COLLECTIVE IMPACT PROJECT IN PARTNERSHIP WITH NONPROFITS, LOCAL GOVERNMENTS, SCHOOL DISTRICTS, CIVIC ORGANIZATIONS, DONORS AND BUSINESSES TOWARD ITS GOAL TO INCREASE AND ENRICH EDUCATIONAL OPPORTUNITIES FOR ALL CHILDREN FROM 0 - 18 TO BE PREPARED TO ENTER SCHOOL, TO BE SUCCESSFUL IN SCHOOL AND TO GRADUATE FROM SCHOOL PREPARED FOR COLLEGE AND CAREER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Tormohlen Executive Director | Officer | 40 | $157,500 |
Valerie Carlin Cradle To Career Director | 40 | $112,160 | |
Hilde Hottendorf Finance Director | Officer | 40 | $104,305 |
Allen Grossmann Board Chair | Officer | 2 | $0 |
Mike Kaplan Treasurer | Officer | 2 | $0 |
Carrie Wells Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,836,517 |
| Noncash contributions included in lines 1a–1f | $9,384,510 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,045,317 |
| Total Program Service Revenue | $0 |
| Investment income | $256,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,301,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,628,621 |
| Grants and other assistance to domestic individuals. | $339,170 |
| 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 | $987,432 |
| 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 | $23,944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $333,076 |
| Fees for services: Other | $83,211 |
| Advertising and promotion | $36,326 |
| Office expenses | $64,959 |
| Information technology | $51,073 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,961 |
| Interest | $28,189 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,560 |
| Insurance | $7,622 |
| All other expenses | $26,193 |
| Total functional expenses | $18,784,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,616,330 |
| Savings and temporary cash investments | $66,279 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,609 |
| 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 | $19,716 |
| Net Land, buildings, and equipment | $1,237,251 |
| Investments—publicly traded securities | $28,610,775 |
| Investments—other securities | $22,899,794 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,511,754 |
| Accounts payable and accrued expenses | $139,315 |
| Grants payable | $1,731,813 |
| Deferred revenue | $118,118 |
| 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 | $650,885 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,065,758 |
| Total liabilities | $5,705,889 |
| Net assets without donor restrictions | $56,607,290 |
| Net assets with donor restrictions | $198,575 |
| 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 | $62,511,754 |
Grants Awarded
Over the last fiscal year, Aspen Community Foundation has awarded $15,973,080 in support to 316 organizations.
| Grant Recipient | Amount |
|---|---|
Aspen, CO PURPOSE: GENERAL SUPPORT | $927,457 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $611,600 |
Aspen, CO PURPOSE: GENERAL SUPPORT | $609,600 |
Aspen, CO PURPOSE: GENERAL SUPPORT | $578,501 |
Charlottesville, VA PURPOSE: GENERAL SUPPORT | $502,500 |
Wardensville, WV PURPOSE: GENERAL SUPPORT | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Aspen Community Foundation has recieved totaling $4,100.
| Awarding Organization | Amount |
|---|---|
Bluespruce Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $2,600 |
Kahle Foundation Inc Vero Beach, FL PURPOSE: FURTHERANCE OF CHARITABLE ACTIVITY | $1,000 |
Gorman Foundation Charitable Trust Aspen, CO PURPOSE: N A | $500 |
Endowment Analysis
| Beg. Balance | $89,015 |
| Earnings | $9,560 |
| Net Contributions | $100,000 |
| Ending Balance | $198,575 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Omaha Community Foundation Donor Directed Depository Omaha, NE | $49,176,399 | $38,155,808 |
Nebraska Community Foundation Lincoln, NE | $227,749,373 | $20,781,363 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of Jackson Hole Jackson, WY | $113,990,661 | $47,502,372 |
Rose Community Foundation Denver, CO | $325,610,267 | $15,145,306 |
Lincoln Community Foundation Inc Lincoln, NE | $161,472,860 | $29,470,305 |
Santa Fe Community Foundation Santa Fe, NM | $107,508,749 | $26,179,829 |
The Community Foundation Of Utah Salt Lake City, UT | $90,613,858 | $42,536,089 |
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS | $291,884,746 | $15,071,209 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
Greater Salina Community Foundation Salina, KS | $322,187,245 | $17,442,186 |