Westminster Public Schools Foundation
- Assets
- $1.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Westminster, CO
- Founding
- 10/1989
- Data as of
- 06/2021
- EIN
- 84-1088489
Organization Overview
Westminster Public Schools Foundation is located in Westminster, CO. The organization was established in 1989. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminster Public Schools 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 06/2021, Westminster Public Schools Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 21.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE PARTNERSHIPS AND PROGRAMS THAT INCREASE LEARNING OPPORTUNITIES FOR WESTMINSTER PUBLIC SCHOOLS STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MISSION IS TO CREATE PARTNERSHIPS AND PROGRAMS TO IMPROVE STUDENTS' ACHIEVEMENT, ENCOURAGE LIFE-LONG LEARNING, AND BUILD OPPORTUNITIES FOR A BRIGHT FUTURE FOR THE STUDENTS OF WESTMINSTER PUBLIC SCHOOLS. AS A SUPPORTING ORGANIZATION FOR A SCHOOL DISTRICT THAT SERVES SOME OF THE STATE'S MOST FINANCIALLY DISADVANTAGED STUDENTS, WPSF LEADS INITIATIVES THAT ARE DESIGNED TO HELP THEM OVERCOME BARRIERS SO THEY HAVE EQUITABLE ACCESS TO RESOURCES THAT SUPPORT IMPROVED STUDENT OUTCOMES. THE MAIN PROGRAMS THAT WPSF SUPPORTS ARE SCHOLARSHIPS AND POST-SECONDARY INITIATIVES, FINANCIAL SUPPORT SO STUDENTS HAVE ACCESS TO TOOLS THEY NEED TO BE SUCCESSFUL IN THE CLASSROOM, AND DISTRICT INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Duran President | OfficerTrustee | 3 | $0 |
Stephanie Baer Executive Director | OfficerTrustee | 50 | $0 |
Lillian Gutierrez Vice President | OfficerTrustee | 3 | $0 |
David Bell Secretary | OfficerTrustee | 3 | $0 |
Derek Otte Director | OfficerTrustee | 1 | $0 |
Tom Lynch Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,221,431 |
| Investment income | $29,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $76,627 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,327,545 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,000 |
| 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 | $605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,478 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,909 |
| Office expenses | $1,739 |
| Information technology | $0 |
| 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 | $781 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $833 |
| All other expenses | $0 |
| Total functional expenses | $1,275,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,124 |
| Savings and temporary cash investments | $890,534 |
| 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 |
| Investments—publicly traded securities | $633,750 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,526,408 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $1,526,408 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Westminster Public Schools Foundation has recieved totaling $32,473.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $17,233 |
Invest In Kids Denver, CO PURPOSE: IY SITE AWARD | $15,090 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $150 |
Endowment Analysis
| Beg. Balance | $345,837 |
| Ending Balance | $345,837 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
Washburn University Foundation Topeka, KS | $212,049,839 | $17,810,833 |
Fort Hays State University Foundation Hays, KS | $117,134,366 | $18,921,024 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |
Wgu Advancement Salt Lake City, UT | $262,529 | $10,776,481 |
Emporia State University Foundation Emporia, KS | $139,579,484 | $15,768,413 |
University Of Utah Research Foundation Salt Lake City, UT | $360,749,047 | $26,132,674 |
Colorado Mesa University Foundation Grand Junciton, CO | $51,533,089 | $12,141,497 |
Dsst Public Schools Foundation Denver, CO | $32,542,761 | $13,664,687 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
San Tan Montessori School Inc Gilbert, AZ | $28,267,534 | $9,003,617 |