Rose Community Foundation
- Assets
- $325.6m
- Revenue
- $15.1m
- Investments
- $90.7m
- Employees
- 35
- Location
- Denver, CO
- Founding
- 06/1994
- Data as of
- 12/2020
- EIN
- 84-0920862
Organization Overview
Rose Community Foundation is located in Denver, CO. The organization was established in 1994. 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, Rose Community Foundation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rose 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 12/2020, Rose Community Foundation generated $15.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $26.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rose Community Foundation has awarded 2,059 individual grants totaling $89,513,760. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE INCLUSIVE, ENGAGED & EQUITABLE GREATER DENVER COMMUNITIES WITH VALUES-DRIVEN PHILANTHROPY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONOR DEVELOPMENT: DONORS AND ALIGNED FUNDERS CONTRIBUTED $6,789,553 TO THE FOUNDATION, 37 NEW ADVISED AND AGENCY FUNDS WERE ESTABLISHED AND TWO NEW PLANNED GIFTS WERE MADE. FUND DISTRIBUTIONS: DONORS' RECOMMENDED GRANTS TOTALED $4,986,192 TO A BROAD RANGE OF COMMUNITY INTERESTS. THE FOUNDATION'S PHILANTHROPY ADVISORS HELP DONORS ARTICULATE VALUES, NARROW THEIR PHILANTHROPIC FOCUS AND IDENTIFY GOALS AND THE IMPACT THEY WANT TO MAKE THROUGH GIVING, AS WELL AS FACILITATE GIVING CIRCLES. ENDOWMENT SERVICES: THE FOUNDATION RECEIVED $2,936,204 IN CONTRIBUTIONS FOR NEW AND EXISTING PERMANENT ENDOWMENT AND DESIGNATED FUNDS FOR LOCAL NONPROFIT ORGANIZATIONS. THE FOUNDATION PAID OUT $1,413,502 TO LOCAL NONPROFIT ORGANIZATIONS WHO HAVE ESTABLISHED PERMANENT ENDOWMENTS AND DESIGNATED FUNDS AT THE FOUNDATION.
ROSE COMMUNITY FOUNDATION'S GRANTMAKING IN 2021 WAS LARGELY FOCUSED ON SUPPORTING AN EQUITABLE RECOVERY FROM THE PANDEMIC WHILE ALSO PLANNING FOR A STRONGER FUTURE. WE LAUNCHED THE FOUNDATION'S FIRST LARGE-SCALE OPEN REQUEST FOR PROPOSALS IN FALL 2021 ACCELERATING OUR PIVOT TOWARD ACCESSIBLE, COMPETITIVE AND TRANSPARENT GRANT CYCLES THAT ALLOW US TO HAVE BETTER VISIBILITY TO AND IMPACT WITHIN THE ISSUE ECOSYSTEMS IN WHICH WE'RE FUNDING. DURING THIS GRANT CYCLE, THE FOUNDATION AWARDED OVER $4 MILLION IN SUPPORT OF 117 ORGANIZATIONS IN THE GREATER DENVER REGION. PROGRAMMATIC GRANTMAKING IN 2021 SUPPORTED A VARIETY OF ISSUES AREAS, INCLUDING OUR LONGSTANDING SUPPORT OF JEWISH LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindy Lent President & CEO | Officer | 40 | $280,346 |
Gretchen Lenamond Chief Financial Officer | Officer | 40 | $169,487 |
Sarah Kurz VP Of Communications & Out | Officer | 40 | $150,382 |
Sarah Indyk VP Of Philanthropic Servic | 40 | $148,794 | |
Therese Ellery Senior Program Officer | 40 | $114,436 | |
Steve Cohen Board Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rbc Consulting Llc Dba Aging-dynamics Project Management | 12/30/21 | $106,854 |
Jp Morgan Chase Bank Investment Management | 12/30/21 | $236,849 |
Teray Equibel Project Management | 12/30/21 | $102,816 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,342,838 |
| Investment income | $1,021,259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $358 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$748,912 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $77,880 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,145,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $843,068 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,841,452 |
| Pension plan accruals and contributions | $62,689 |
| Other employee benefits | $343,579 |
| Payroll taxes | $195,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,717 |
| Fees for services: Accounting | $47,421 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $532,064 |
| Fees for services: Other | $881,019 |
| Advertising and promotion | $0 |
| Office expenses | $273,502 |
| Information technology | $91,793 |
| Royalties | $0 |
| Occupancy | $397,226 |
| Travel | $27,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,505 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,641 |
| Insurance | $30,255 |
| All other expenses | $0 |
| Total functional expenses | $26,606,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,727,967 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $670,760 |
| Accounts receivable, net | $518,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,605,526 |
| Inventories for sale or use | $29,032 |
| Prepaid expenses and deferred charges | $1,504 |
| Investments—publicly traded securities | $215,601,451 |
| Investments—other securities | $90,713,048 |
| Investments—program-related | $0 |
| Intangible assets | $3,784,207 |
| Other assets | $533,850 |
| Total assets | $325,610,267 |
| Accounts payable and accrued expenses | $174,279 |
| Grants payable | $712,253 |
| 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 | $53,595,309 |
| Total liabilities | $54,481,841 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $271,128,426 |
Grants Awarded
Over the last fiscal year, Rose Community Foundation has awarded $16,467,633 in support to 386 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: Addressing News Deserts, News Voices, Spanish-Language News Collaboration | $406,350 |
Denver, CO PURPOSE: General Operating Support | $375,400 |
Denver, CO PURPOSE: Economic Vulnerability, Emergency Assistance, Food Pantry | $327,348 |
Denver, CO PURPOSE: Together We Protect Colorado'S Vaccine Equity Fund In The Metro Denver Area | $255,000 |
Telluride, CO PURPOSE: Capital Campaign | $250,000 |
New York, NY PURPOSE: General Operating Support, Words To Action + A World Of Difference | $244,661 |
Grants Recieved
Over the last fiscal year, we have identified 40 grants that Rose Community Foundation has recieved totaling $4,497,991.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: CHAMPION HEALTH EQUITY | $825,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $746,846 |
Lulu Frankel Foundation Greenwood Village, CO PURPOSE: GENERAL SUPPORT | $512,222 |
The Piton Foundation Denver, CO PURPOSE: ROSE WILLL SERVE AS THE FISCAL SPONSOR FOR THE POOLED PHILANTHROPIC FUNDING FOR THE EARLY CHILDHOOD WORKFORCE INNOVATION GRANTS. ROSE WILL ALLOW THE PARTNERS TO SEEK OUT ADDITIONAL FUNDERS FOR THIS PROJECT BECAUSE THEY CAN ADD THEIR FUNDS TO THIS POOL. | $315,000 |
Democracy Fund Inc Washington, DC PURPOSE: PROGRAM SUPPORT FOR COLORADO MEDIA PROJECT | $300,000 |
Democracy Fund Inc Washington, DC PURPOSE: PROGRAM SUPPORT FOR COLORADO MEDIA PROJECT | $300,000 |
Endowment Analysis
| Beg. Balance | $572,841 |
| Earnings | $32,415 |
| Other Expense | $1,000 |
| Ending Balance | $604,256 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Omaha Community Foundation Omaha, NE | $518,933,550 | $149,448,714 |
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Christian Community Foundation Inc Colorado Springs, CO | $497,894,733 | $194,166,172 |
Community First Foundation Arvada, CO | $565,776,459 | $151,756,882 |
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 |