Catholic Health Initiatives Colorado Foundation
- Assets
- $87.1m
- Revenue
- $22.3m
- Investments
- $75.6m
- Employees
- 25
- Location
- Centennial, CO
- Founding
- 07/2019
- Data as of
- 06/2021
- EIN
- 84-0902211
Organization Overview
Catholic Health Initiatives Colorado Foundation is located in Centennial, CO. The organization was established in 2019. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2021, Catholic Health Initiatives Colorado Foundation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catholic Health Initiatives Colorado 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 06/2021, Catholic Health Initiatives Colorado Foundation generated $22.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $20.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Catholic Health Initiatives Colorado Foundation has awarded 12 individual grants totaling $17,384,182. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Bailey President | OfficerTrustee | 40 | $254,182 |
Carrie Bach Group Director Of Development | 40 | $145,939 | |
Christi-Marie Butler Director Development Team Grp | 40 | $144,996 | |
Candy Emerson Development Officer | 40 | $131,336 | |
Joy Hess Development Officer | 40 | $121,201 | |
Matt Leary Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $184,629 |
| Related organizations | $3,748,469 |
| Government grants | $6,772,663 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,421,025 |
| Noncash contributions included in lines 1a–1f | $1,175,177 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,126,786 |
| Total Program Service Revenue | $0 |
| Investment income | $1,109,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,087,227 |
| Net Income from Fundraising Events | -$38,355 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,290,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,033,679 |
| Grants and other assistance to domestic individuals. | $305,702 |
| Grants and other assistance to Foreign Orgs/Individuals | $45,814 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $254,290 |
| Compensation of current officers, directors, key employees. | $91,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,782,960 |
| Pension plan accruals and contributions | $99,322 |
| Other employee benefits | $189,616 |
| Payroll taxes | $186,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $77,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $101,050 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,837 |
| Advertising and promotion | $0 |
| Office expenses | $153,811 |
| Information technology | $102,979 |
| Royalties | $0 |
| Occupancy | $17,689 |
| Travel | $14,462 |
| 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 | $20,889,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,908,180 |
| Pledges and grants receivable | $3,017,662 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $22,200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $55,993 |
| Net Land, buildings, and equipment | $163,882 |
| Investments—publicly traded securities | $5,295,123 |
| Investments—other securities | $75,580,392 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,304 |
| Total assets | $87,057,736 |
| Accounts payable and accrued expenses | $11,076,721 |
| Grants payable | $0 |
| Deferred revenue | $7,316 |
| 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 | $2,312,978 |
| Total liabilities | $13,397,015 |
| Net assets without donor restrictions | $29,696,348 |
| Net assets with donor restrictions | $43,964,373 |
| 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 | $87,057,736 |
Grants Awarded
Over the last fiscal year, Catholic Health Initiatives Colorado Foundation has awarded $17,033,679 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Centennial, CO PURPOSE: HOSPITAL SUPPORT | $14,192,012 |
Oregon, OH PURPOSE: Program support | $2,841,667 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Catholic Health Initiatives Colorado Foundation has recieved totaling $481,584.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $154,000 |
Pikes Peak Community Foundation Colorado Springs, CO PURPOSE: HEALTH | $90,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $50,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $49,984 |
Mile High United Way Inc Denver, CO PURPOSE: DESIGNATION | $46,000 |
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $15,758 |
Endowment Analysis
| Beg. Balance | $9,369,485 |
| Earnings | $2,657,461 |
| Net Contributions | $68,877 |
| Other Expense | $734,753 |
| Grants | $216,341 |
| Ending Balance | $11,144,729 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ibew Local Union No 347 Health & Welfare Fund Salt Lake City, UT | $63,675,578 | $34,998,053 |
Regional West Health Services & Affiliated Employee Benefit Trust Scottsbluff, NE | $5,369,125 | $34,323,197 |
Phoenix Childrens Hospital Foundation Phoenix, AZ | $169,654,269 | $46,955,986 |
Operating Engineers Health And Welfare Trust Fund For Colorado Arvada, CO | $27,494,778 | $20,685,381 |
Motor Car Dealers Assn Of Greater Kansas City Health & Welfare Fund Overland Park, KS | $2,304,856 | $21,574,079 |
Catholic Health Initiatives Colorado Foundation Centennial, CO | $87,057,736 | $22,290,693 |
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 |