Rose Community Foundation
- Assets
- $386.9m
- Revenue
- $42.2m
- Investments
- $125.8m
- Employees
- 32
- Location
- Denver, CO
- Founding
- 06/1994
- Data as of
- 12/2023
- 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 12/2023, Rose Community Foundation employed 32 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 12/2023, Rose Community Foundation generated $42.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $37.0m during the year ending 12/2023. While expenses have increased by 9.4% per year over the past 9 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, Rose Community Foundation has awarded 2,943 individual grants totaling $140,881,931. 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
2023
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:
DONOR DEVELOPMENT: DONOR-ADVISED FUNDHOLDERS CONTRIBUTED $6.8 MILLION TO THEIR FUNDS AT THE FOUNDATION. PHILANTHROPY IS MOST POWERFUL WHEN IT IS ROOTED IN A DONOR'S VALUES AND CONNECTS GENEROSITY TO COMMUNITY NEEDS. ROSE COMMUNITY FOUNDATION IS COMMITTED TO SUPPORTING OUR DONORS AND FUNDHOLDERS IN MEANINGFUL, PURPOSEFUL PHILANTHROPIC GIVING.FUND DISTRIBUTIONS: DONOR-ADVISED FUNDHOLDERS RECOMMENDED GRANTS TOTALING $8.5 MILLION 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 $4.5 MILLION IN CONTRIBUTIONS FOR NEW AND EXISTING PERMANENT ENDOWMENT AND DESIGNATED FUNDS FOR LOCAL NONPROFIT ORGANIZATIONS. OUR ENDOWMENT BUILDING PATHWAYS ARE DESIGNED TO GIVE NONPROFIT STAFF AND BOARD MEMBERS THE TRAINING AND SUPPORT TO INTEGRATE ENDOWMENT BUILDING AND LEGACY GIVING INTO THEIR DEVELOPMENT WORK AND INCENTIVES TO HELP LAUNCH OR GROW AN ENDOWMENT FUND.
GRANTMAKING: THE FOUNDATION DISTRIBUTED $12.4 MILLION IN DISCRETIONARY GRANTMAKING DIRECTED BY ROSE COMMUNITY FOUNDATION STAFF, COMMITTEES AND TRUSTEES. GRANTMAKING CYCLES INCLUDED A FOCUS ON SUPPORTING JEWISH LIFE IN THE REGION, ADVANCING EQUITABLE ECONOMIC OPPORTUNITY, SUPPORTING SOCIAL-EMOTIONAL LEARNING IN SCHOOLS, INVESTING IN THE POLICY AND ADVOCACY ECOSYSTEM THAT ADVANCES INCLUSIVE, ENGAGED AND EQUITABLE GREATER DENVER COMMUNITIES, SUPPORTING IMMIGRANTS AND REFUGEES AND MORE.
INITIATIVES: ROSE COMMUNITY FOUNDATION PARTNERED WITH THE CITY OF DENVER, STATE OF COLORADO AND PEER FOUNDATIONS TO LAUNCH THE NEWCOMERS FUND WHICH PROVIDES GRANTS TO LOCAL NONPROFITS THAT ARE PROVIDING SERVICES TO NEW IMMIGRANTS ARRIVING FROM CENTRAL AND SOUTH AMERICA. GRANTMAKING FROM THAT FUND DEPLOYED $1.2 MILLION TO LOCAL NONPROFITS. AT THE END OF 2022, THE FOUNDATION WAS SELECTED BY THE STATE OF COLORADO TO HOUSE THE REFUGEE INTEGRATION FUND, AND THROUGH THE END OF 2023, OVER $8 MILLION WAS COMMITTED TO LOCAL NONPROFITS SERVING ELIGIBLE REFUGEE POPULATIONS. ADDITIONALLY, THE FOUNDATION IS THE FISCAL SPONSOR FOR THE COLORADO MEDIA PROJECT, WHICH DEPLOYED GRANTMAKING IN SUPPORT OF LOCAL JOURNALISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Robinson Board Chair | OfficerTrustee | 1 | $0 |
Marti Awad Chair-Elect | OfficerTrustee | 1 | $0 |
Seve Cohen Past Chair | OfficerTrustee | 1 | $0 |
Barry Curtiss-Lusher Board Member | Trustee | 1 | $0 |
Janine Davidson PHD Board Member | Trustee | 1 | $0 |
Josh Dinar Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Saunders Construction Statue Work | 12/30/23 | $294,329 |
Jp Morgan Chase Bank Investment Management | 12/30/23 | $224,831 |
Gfm Cenetertable Marketing & Communications | 12/30/23 | $114,509 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,872,578 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,665,860 |
| Noncash contributions included in lines 1a–1f | $300,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,538,438 |
| Total Program Service Revenue | $647,529 |
| Investment income | $2,842,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $812 |
| Net Rental Income | $60,000 |
| Net Gain/Loss on Asset Sales | -$1,867,078 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,222,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,540,987 |
| 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. | $1,364,115 |
| Compensation of current officers, directors, key employees. | $333,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,598,781 |
| Pension plan accruals and contributions | $161,195 |
| Other employee benefits | $420,973 |
| Payroll taxes | $205,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,818 |
| Fees for services: Accounting | $55,151 |
| Fees for services: Lobbying | $35,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $905,503 |
| Fees for services: Other | $828,765 |
| Advertising and promotion | $0 |
| Office expenses | $160,167 |
| Information technology | $129,749 |
| Royalties | $0 |
| Occupancy | $469,384 |
| Travel | $199,030 |
| 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 | $121,796 |
| Insurance | $84,812 |
| All other expenses | $219,583 |
| Total functional expenses | $36,966,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,319,352 |
| Savings and temporary cash investments | $17,957,000 |
| Pledges and grants receivable | $2,109,051 |
| Accounts receivable, net | $680,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,155,526 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,919,782 |
| Investments—publicly traded securities | $221,026,472 |
| Investments—other securities | $125,781,212 |
| Investments—program-related | $1,000,000 |
| Intangible assets | $2,210,745 |
| Other assets | $734,603 |
| Total assets | $386,893,743 |
| Accounts payable and accrued expenses | $156,845 |
| Grants payable | $3,312,248 |
| 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 | $73,405,725 |
| Total liabilities | $76,874,818 |
| Net assets without donor restrictions | $276,319,925 |
| Net assets with donor restrictions | $33,699,000 |
| 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 | $386,893,743 |
Grants Awarded
Over the last fiscal year, Rose Community Foundation has awarded $27,187,161 in support to 487 organizations.
| Grant Recipient | Amount |
|---|---|
I HAVE A DREAM FOUNDATION OF BOULDER COUNTY PURPOSE: General operating support | $40,000 |
18DOORS PURPOSE: Colorado Fellow and Online Resources | $25,000 |
50CAN INC PURPOSE: Transform Education Now: Empowering Parents to Lead Education Advocacy | $30,000 |
9TO5 COLORADO PURPOSE: General operating support | $56,500 |
ACADEMY OF URBAN LEARNING PURPOSE: General operating support | $25,000 |
ACE ARTS CULTURE AND EDUCATION AT THE J PURPOSE: General operating support | $15,000 |