Colorado Riverfront Foundation Inc
- Assets
- $1.0m
- Revenue
- $181.0k
- Investments
- $68.1k
- Employees
- 0
- Location
- Grand Junction, CO
- Founding
- 06/1988
- Data as of
- 12/2023
- EIN
- 84-1069605
Organization Overview
Colorado Riverfront Foundation Inc is located in Grand Junction, CO. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Riverfront Foundation Inc 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, Colorado Riverfront Foundation Inc generated $181.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $167.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Colorado Riverfront Foundation Inc has awarded 15 individual grants totaling $307,958. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO RECLAIM THE COLORADO RIVERFRONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLORADO RIVERFRONT CONCERT SERIES- THE PURPOSE OF THIS CONCERT SERIES IS TO BRING THE COMMUNITY TO THE RIVERFRONT VENUE AND EDUCATE THEM ON OUR ONGOING RECLAMATION OF THE RIVER CORRIDOR, INCLUDING WILDLIFE HABITAT, TAMARISK AND NOXIOUS WEED REMOVAL, RECREATION OPPORTUNITIES ON OUR COMPLETED TRAILS, NEWLY COMPLETED TRAIL CONNECTIONS AND PROPOSED TRAIL CONNECTIONS. DURING OUR 24 YEARS OF THE COLORADO RIVERFRONT CONCERT SERIES, WE HAVE SEEN OUR NUMBER OF ATTENDANCE INCREASE FROM JUST A FEW HUNDRED ATTENDEES TO APPROXIMATELY 1,600 ATTENDEES FOR EACH OF OUR TWO CONCERTS DURING MAY, JUNE AND AUGUST.
THE RIVERFRONT FOUNDATION PROVIDES FUNDS FOR TRAIL EASEMENTS, EASEMENT /LAND APPRAISALS, LAND ACQUISITIONS, TRAIL BUILDING AND TRAIL REPAIR WHICH IS PART OF OUR ONGOING EFFORT TO RECLAIM THE RIVER CORRIDOR, INCLUDING WILDLIFE HABITAT, TAMARISK AND NOXIOUS WEED REMOVAL, RECREATION OPPORTUNITIES ON OUR COMPLETED TRAILS, NEWLY COMPLETED TRAIL CONNECTIONS AND PROPOSED TRAIL CONNECTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Devore Emeritus Mem | Trustee | $0 | |
Dr Bill Findlay Vice-Pres | OfficerTrustee | $0 | |
Mark Gardner Director | Trustee | $0 | |
John Gormley President | OfficerTrustee | $0 | |
Will Hutchins Emeritus Mem | Trustee | $0 | |
Dr Paul Jones Emeritus Mem | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,947 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,147 |
| Total Program Service Revenue | $76,583 |
| Investment income | $25,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $197 |
| Office expenses | $2,455 |
| Information technology | $4,582 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $153 |
| Total functional expenses | $167,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,114 |
| Savings and temporary cash investments | $518,343 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $341,865 |
| Investments—other securities | $68,119 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,044,441 |
| Accounts payable and accrued expenses | $98 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $98 |
| Net assets without donor restrictions | $1,012,963 |
| Net assets with donor restrictions | $31,380 |
| 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 | $1,044,441 |
Grants Awarded
Over the last fiscal year, Colorado Riverfront Foundation Inc has awarded $61,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RIVERS EDGE WESTRIVERS EDGE WEST PURPOSE: 2022 REW CONF FDING | $55,000 |
RIVERFRONT COMMISSIONRIVERFRONT COMMISSION | | | $6,000 |