The Community Foundation
- Assets
- $107.7m
- Revenue
- $52.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Boulder, CO
- Founding
- 12/1991
- Data as of
- 12/2022
- EIN
- 84-1171836
Organization Overview
The Community Foundation is located in Boulder, CO. The organization was established in 1991. 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 12/2022, Community Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2022, Community Foundation generated $52.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $26.4m during the year ending 12/2022. While expenses have increased by 14.6% 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 2019, Community Foundation has awarded 1,249 individual grants totaling $45,213,696. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOR OVER THIRTY YEARS, THE COMMUNITY FOUNDATION SERVING BOULDER COUNTY (CFBC) HAS BEEN A COMMUNITY CATALYST, RESPONDING TO IMMEDIATE NEEDS AND ANTICIPATING FUTURE CHALLENGES. THROUGH INFORMED DECISION-MAKING, WE INSPIRE IDEAS AND ACTION AND MOBILIZE DIVERSE RESOURCES TO IMPROVE THE QUALITY OF LIFE FOR EVERYONE IN BOULDER COUNTY.
Describe the Organization's Program Activity:
WE PROVIDE FUNDING AND CREATE CONNECTIONS BETWEEN NONPROFIT ORGANIZATIONS AND THE RESOURCES THEY NEED. WE LOOK TO THESE NONPROFITS TO HELP US RESPOND TO COMMUNITY NEEDS AND OPPORTUNITIES.
THE BOULDER COUNTY WILDFIRE FUND WAS ESTABLISHED ON DECEMBER 30TH, 2021, TO SUPPORT THE IMMEDIATE, SHORT-AND LONG-TERM NEEDS OF THE COMMUNITY. DONATIONS WERE RAISED OVER MULTIPLE FISCAL YEARS WHICH MEANS THE TOTAL AMOUNT RAISED (AND DISTRIBUTED) MUST BE CALCULATED OVER MULTIPLE FISCAL YEAR 990 REPORTS. THIS AMOUNT REPRESENTS THE TOTAL AMOUNT RAISED AND DISTRIBUTED FOR THIS FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tatiana Hernandez CEO | OfficerTrustee | 39.9 | $230,325 |
Jennifer Fulton Anderson Cfo&coo To 1 | Officer | 39.9 | $140,485 |
Eric Schoenborn VP Philanthr | 39.9 | $138,862 | |
Carey Mason Chair | OfficerTrustee | 8.9 | $0 |
James F Williams II Secretary | OfficerTrustee | 2.9 | $0 |
Jeremy Wilson Treasurer | OfficerTrustee | 0.9 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greater Horizons Back-office Accounting | 12/30/21 | $135,000 |
Dawn Joyce Consulting Services | 12/30/21 | $124,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $9,764 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,797,092 |
| Noncash contributions included in lines 1a–1f | $5,944,063 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,806,856 |
| Total Program Service Revenue | $112,676 |
| Investment income | $1,459,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$192,996 |
| Net Gain/Loss on Asset Sales | -$1,170,935 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,005,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,571,346 |
| Grants and other assistance to domestic individuals. | $3,884,671 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $404,062 |
| Compensation of current officers, directors, key employees. | $214,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $904,463 |
| Pension plan accruals and contributions | $126,462 |
| Other employee benefits | $5,593 |
| Payroll taxes | $93,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,149 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $3,600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $164,381 |
| Fees for services: Other | $89,207 |
| Advertising and promotion | $15,936 |
| Office expenses | $365,856 |
| Information technology | $101,168 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,199 |
| Interest | $8,737 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,787 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $26,420,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,630,145 |
| Savings and temporary cash investments | $28,615,260 |
| Pledges and grants receivable | $109,145 |
| Accounts receivable, net | $60,369 |
| 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 | $8,705,494 |
| Investments—publicly traded securities | $67,517,642 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,279 |
| Total assets | $107,733,334 |
| Accounts payable and accrued expenses | $259,590 |
| Grants payable | $61,709 |
| 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 | $2,746,107 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,768,595 |
| Total liabilities | $10,836,001 |
| Net assets without donor restrictions | $96,740,478 |
| Net assets with donor restrictions | $156,855 |
| 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 | $107,733,334 |
Grants Awarded
Over the last fiscal year, The Community Foundation has awarded $18,322,299 in support to 272 organizations.
| Grant Recipient | Amount |
|---|---|
BOULDER COUNTY PURPOSE: WILDFIRE RELIEF | $3,585,500 |
IMPACT DEVELOPMENT FUND PURPOSE: WILDFIRE RELIEF | $5,525,000 |
JEWISH FAMILY SERVICE OF COLORADO PURPOSE: WILDFIRE RELIEF | $517,500 |
PLAYERS PHILANTHROPY FUND PURPOSE: GENERAL SUPPORT | $415,000 |
UNITED POLICYHOLDERS PURPOSE: WILDFIRE RELIEF | $385,000 |
LONGMONT COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $354,503 |