Chinook Fund
- Assets
- $2.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Denver, CO
- Founding
- 10/1988
- Data as of
- 06/2022
- EIN
- 84-1076325
Organization Overview
Chinook Fund is located in Denver, CO. The organization was established in 1988. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Chinook Fund employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chinook Fund 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, Chinook Fund generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 19.2% per year over the past 7 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, Chinook Fund has awarded 209 individual grants totaling $2,022,600. 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
CHINOOK FUND SEEDS COMMUNITY-LED, SYSTEMIC CHANGE BY MOBILIZING RESOURCES FOR AND TRUSTING IN GRASSROOTS SOCIAL JUSTICE ORGANIZATIONS ACROSS COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY-LED GRANTMAKING FOCUSED ON FUNDING CONSTITUENT-LED AND SYSTEMS CHANGE WORK.
THE GIVING PROJECT (GP), AN INNOVATIVE LEADERSHIP DEVELOPMENT PROGRAM TO TRAIN LEADERS TO MOBILIZE THEIR NETWORKS TO SUPPORT SOCIAL JUSTICE. UNLIKE TRADITIONAL FOUNDATIONS, CHINOOK USES THE INNOVATIVE GIVING PROJECT MODEL WHERE VOLUNTEERS LEARN ABOUT RACE, CLASS, AND SYSTEMS OF POWER, RAISE MONEY FROM INDIVIDUALS, CONDUCT SITE VISITS, AND DEMOCRATICALLY MAKE FUNDING DECISIONS DURING TWO GRANT CYCLES PER YEAR. TOGETHER, CHINOOKS PROGRAMS ADDRESS (1) THE LACK OF ADEQUATE FUNDING OPPORTUNITIES FOR GRASSROOTS ORGANIZATIONS, PARTICULARLY THOSE LED BY AND FOR BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC); (2) THE LACK OF OPPORTUNITIES FOR BIPOC AND LOW INCOME COMMUNITIES TO ACCESS TRAINING TO BE EFFECTIVE FUNDRAISERS AND GRANTMAKERS; AND (3) THE NEED FOR UNRESTRICTED FUNDING FOR GROUPS USING COMMUNITY ORGANIZING AS A PRIMARY STRATEGY FOR SOCIAL CHANGE.
ANOTHER WORLD IS POSSIBLE FUND, A PARTNERSHIP WITH TRANSFORMATIVE LEADERSHIP FOR CHANGE, IS A VEHICLE TO INVEST IN GRASSROOTS GROUPS WHO ARE FIGHTING FOR BOTH A JUST RESPONSE TO COVID-19 AND A VISIONARY FUTURE IN THE LONG-TERM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Middlestadt Executive Director | Officer | 40 | $90,205 |
Vj Brown Director | Trustee | 1 | $1,425 |
Davian Gagne Board Co-Chair | OfficerTrustee | 1 | $0 |
Donna Chrisjohn Board Co-Chair | OfficerTrustee | 1 | $0 |
Erik Ortiz Board Treasurer | OfficerTrustee | 1 | $0 |
Anna Ghublikian Board Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,318,690 |
| Noncash contributions included in lines 1a–1f | $200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,328,690 |
| Total Program Service Revenue | $0 |
| Investment income | $35,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $186,786 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,550,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $571,000 |
| 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. | $132,419 |
| Compensation of current officers, directors, key employees. | $19,874 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,888 |
| Pension plan accruals and contributions | $7,688 |
| Other employee benefits | $44,587 |
| Payroll taxes | $38,067 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $660 |
| Fees for services: Accounting | $21,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,694 |
| Fees for services: Other | $4,850 |
| Advertising and promotion | $0 |
| Office expenses | $22,165 |
| Information technology | $17,309 |
| Royalties | $0 |
| Occupancy | $15,711 |
| Travel | $0 |
| 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 | $3,593 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,295,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,374 |
| Savings and temporary cash investments | $870,923 |
| 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 | $75,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,813 |
| Net Land, buildings, and equipment | $519 |
| Investments—publicly traded securities | $1,890,239 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35 |
| Total assets | $2,943,903 |
| Accounts payable and accrued expenses | $38,489 |
| Grants payable | $80,000 |
| 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 | $118,489 |
| Net assets without donor restrictions | $1,000,538 |
| Net assets with donor restrictions | $1,824,876 |
| 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 | $2,943,903 |
Grants Awarded
Over the last fiscal year, Chinook Fund has awarded $426,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ANOTHER LIFE FOUNDATION PURPOSE: PROGRAM & OPERATING SUPPORT | $29,000 |
EL ALBA COOPERATIVE PURPOSE: PROGRAM & OPERATING SUPPORT | $29,000 |
Aurora, CO PURPOSE: PROGRAM & OPERATING SUPPORT | $29,000 |
Durango, CO PURPOSE: PROGRAM & OPERATING SUPPORT | $24,000 |
Bainbridge Island, WA PURPOSE: PROGRAM & OPERATING SUPPORT | $20,000 |
Tucson, AZ PURPOSE: PROGRAM & OPERATING SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Chinook Fund has recieved totaling $845,387.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: CHAMPION HEALTH EQUITY | $402,700 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $185,891 |
F B Heron Foundation New Milford, CT PURPOSE: GENERAL SUPPORT | $79,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $45,000 |
Denver Foundation Denver, CO PURPOSE: THIS GRANT IS MADE AT THE RECOMMENDATION OF LORRAINE FAIRMONT. | $31,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $20,648 |
Endowment Analysis
| Beg. Balance | $2,051,969 |
| Earnings | -$375,936 |
| Ending Balance | $1,676,033 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Central New Mexico Albuquerque, NM | $25,758,904 | $18,629,053 |
United Way Of The Plains Wichita, KS | $26,271,888 | $15,996,345 |
United Way Of Salt Lake Salt Lake City, UT | $28,992,111 | $11,102,852 |
United Way Of Tucson And Southern Arizona Inc Tucson, AZ | $24,809,225 | $14,478,255 |
United Way Of Northern Utah Ogden, UT | $14,414,361 | $4,637,663 |
United Way Of Lincoln And Lancaster County Lincoln, NE | $10,176,018 | $7,783,651 |
Jewish Federation Of Greater Kansas City Overland Park, KS | $33,290,589 | $6,944,179 |
United Way Of Larimer County Inc Fort Collins, CO | $7,692,443 | $6,500,342 |
United Way Of Weld County Inc Greeley, CO | $5,895,187 | $7,008,653 |
United Way Of Central And Southern Utah Provo, UT | $1,777,988 | $5,427,795 |
Growing Up New Mexico Inc Santa Fe, NM | $5,476,758 | $4,686,891 |
United Way Of Greater Topeka Inc Topeka, KS | $3,601,122 | $4,712,696 |