Weld Community Foundation
- Assets
- $53.2m
- Revenue
- $15.8m
- Investments
- $147.6k
- Employees
- 5
- Location
- Greeley, CO
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 84-1315296
Organization Overview
Weld Community Foundation, operating under the name Serving Greeley & Weld County, is located in Greeley, CO. The organization was established in 1995. 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, Serving Greeley & Weld County employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Serving Greeley & Weld County 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, Serving Greeley & Weld County generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $3.7m during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 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, Serving Greeley & Weld County has awarded 318 individual grants totaling $6,884,497. 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
DEDICATED TO BUILDING A COMMUNITY OF GIVERS WHO SUPPORT CHARITABLE INVESTMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ADMINISTERS A ROBUST DONOR ADVISED FUND PROGRAM MADE UP OF MULTIPLE DONOR ADVISED FUNDS. THESE FUNDS SUPPORT NUMEROUS NONPROFITS AND CHARITIES PRIMARILY IN COLORADO AND SPECIFICALLY WELD COUNTY.
THE FOUNDATION ADMINISTERS VARIOUS ENDOWMENTS AND CHARITABLE FUNDS EARMARKED FOR COMMUNITY GRANTS AND CHARITABLE PROGRAMS.
THE FOUNDATION ADMINISTERS A ROBUST SCHOLARSHIP PROGRAM MADE UP OF MULTIPLE SCHOLARSHIP FUNDS SERVING A VARIETY OF STUDENT TALENTS AND INTERESTS. IN 2022 THE FOUNDATION AWARDED 147 SCHOLARSHIPS TO 124 RECIPIENTS.
THE LITTLER YOUTH FUND AWARDS GRANTS FOR THE BENEFIT OF YOUTH IN WELD COUNTY, INCLUDING OPERATING GRANTS, PROGRAM GRANTS, AND GRANTS TO AID IN THE DEVELOPMENT OF EFFECTIVE TEACHING STRATEGIES AND PROJECTS BY WELD COUNTY TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rand E Morgan President/ce | Officer | 40 | $112,111 |
Dale Pratt Past Chairpe | OfficerTrustee | 1 | $0 |
Julie Constance Chairperson | OfficerTrustee | 1 | $0 |
Marcia Siebring Treasurer | OfficerTrustee | 1 | $0 |
Kristi Thomas Secretary | OfficerTrustee | 1 | $0 |
Theresa Hertneky Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $132,957 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,932,579 |
| Noncash contributions included in lines 1a–1f | $3,275,051 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,065,536 |
| Total Program Service Revenue | $12,052 |
| Investment income | $881,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,159,709 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $717,142 |
| Net Income from Fundraising Events | $4,216 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,846,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,810,923 |
| Grants and other assistance to domestic individuals. | $802,806 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,496 |
| Compensation of current officers, directors, key employees. | $64,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,249 |
| Pension plan accruals and contributions | $23,270 |
| Other employee benefits | $28,607 |
| Payroll taxes | $29,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $197,188 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,151 |
| Office expenses | $18,803 |
| Information technology | $33,570 |
| Royalties | $0 |
| Occupancy | $33,654 |
| Travel | $897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,041 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,782 |
| Insurance | $0 |
| All other expenses | $14,387 |
| Total functional expenses | $3,739,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,374 |
| Savings and temporary cash investments | $11,531,096 |
| Pledges and grants receivable | $514 |
| Accounts receivable, net | $110,557 |
| 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 | $8,093 |
| Net Land, buildings, and equipment | $8,754 |
| Investments—publicly traded securities | $41,289,629 |
| Investments—other securities | $147,571 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,275 |
| Total assets | $53,162,863 |
| Accounts payable and accrued expenses | $21,588 |
| Grants payable | $533,750 |
| Deferred revenue | $500 |
| 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 | $2,003,098 |
| Total liabilities | $2,558,936 |
| Net assets without donor restrictions | $3,373,454 |
| Net assets with donor restrictions | $47,230,473 |
| 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 | $53,162,863 |
Grants Awarded
Over the last fiscal year, Weld Community Foundation has awarded $1,611,018 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
A WOMAN'S PLACE INC PURPOSE: PROGRAM, CHARITABLE | $18,206 |
I HAVE A DREAM FOUNDATION PURPOSE: PROGRAM, CHARITABLE | $10,000 |
60 RIDE PURPOSE: PROGRAM, CHARITABLE | $7,634 |
AFRICAN CHRISTIAN COLLEGE PURPOSE: CHARITABLE | $6,000 |
AIMS COMMUNITY COLLEGE FOUNDATION PURPOSE: PROGRAM, CHARITABLE | $5,250 |
ASSISTANCE LEAGUE OF GREELEY PURPOSE: PROGRAM | $11,800 |