Catholic Health Initiatives Colorado Foundation
- Assets
- $84.1m
- Revenue
- $23.2m
- Investments
- $73.0m
- Employees
- 19
- Location
- Centennial, CO
- Founding
- 07/2019
- Data as of
- 06/2022
- 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 06/2022, Catholic Health Initiatives Colorado Foundation employed 19 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 06/2022, Catholic Health Initiatives Colorado Foundation generated $23.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $17.2m during the year ending 06/2022. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Bailey Vice President Of Philanthropy | 40 | $239,224 | |
Christi-Marie Butler Director Development Team Grp | 40 | $176,102 | |
Carrie Bach Group Director Of Development | 40 | $142,759 | |
Candy Emerson Development Officer | 40 | $133,678 | |
Joy Hess Development Officer | 40 | $117,843 | |
Tadd Richert Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gobel Group Consulting | 6/29/22 | $125,000 |
Beth Interactive Fundraise/marketing | 6/29/22 | $155,121 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $300,180 |
| Related organizations | $4,144,634 |
| Government grants | $2,321,739 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,366,842 |
| Noncash contributions included in lines 1a–1f | $186,292 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,133,395 |
| Total Program Service Revenue | $0 |
| Investment income | $910,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,236,035 |
| Net Income from Fundraising Events | -$98,166 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,185,458 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,901,073 |
| Grants and other assistance to domestic individuals. | $273,121 |
| Grants and other assistance to Foreign Orgs/Individuals | $13,069 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $245,715 |
| Compensation of current officers, directors, key employees. | $111,832 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,241,349 |
| Pension plan accruals and contributions | $82,899 |
| Other employee benefits | $158,262 |
| Payroll taxes | $167,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $83,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $265,888 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $299,557 |
| Advertising and promotion | $0 |
| Office expenses | $131,190 |
| Information technology | $113,566 |
| Royalties | $0 |
| Occupancy | $4,754 |
| Travel | $29,759 |
| 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 | $17,159,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,331,707 |
| Pledges and grants receivable | $1,861,908 |
| 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 | $60,613 |
| Net Land, buildings, and equipment | $163,882 |
| Investments—publicly traded securities | $4,640,194 |
| Investments—other securities | $73,044,743 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,783 |
| Total assets | $84,113,830 |
| Accounts payable and accrued expenses | $7,438,234 |
| Grants payable | $0 |
| Deferred revenue | $364,151 |
| 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 | $4,571,048 |
| Total liabilities | $12,373,433 |
| Net assets without donor restrictions | $23,724,002 |
| Net assets with donor restrictions | $48,016,395 |
| 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 | $84,113,830 |
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 |
|---|---|
CATHOLIC HEALTH INITIATIVES COLORADO PURPOSE: HOSPITAL SUPPORT | $14,192,012 |
CHI LIVING COMMUNITIES PURPOSE: Program support | $2,841,667 |