Pikes Peak Community Foundation
- Assets
- $78.1m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Colorado Springs, CO
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 84-1339670
Organization Overview
Pikes Peak Community Foundation is located in Colorado Springs, CO. The organization was established in 1996. 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 12/2023, Pikes Peak Community Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pikes Peak 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 12/2023, Pikes Peak Community Foundation generated $17.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $20.2m during the year ending 12/2023. While expenses have increased by 11.3% per year over the past 9 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, Pikes Peak Community Foundation has awarded 1,340 individual grants totaling $61,290,926. 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
COMMUNITY TRUST TO PROMOTE PHILANTHROPY IN THE PIKES PEAK REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION OFFERS A WIDE ARRAY OF SERVICES TO ASSIST COMMUNITY-MINDED PEOPLE AND BUSINESSES ACHIEVE THEIR PHILANTHROPIC GOALS. WE HELP CREATE, NURTURE, AND DEPLOY CUSTOM-DESIGNED PHILANTHROPIC FUNDS AND ENDOWMENTS TO SUPPORT THE COMMUNITY NOW AND FOR GENERATIONS TO COME. THROUGH HUNDREDS OF CHARITABLE FUNDS, WE DISTRIBUTE MILLIONS OF DOLLARS INTO THE COMMUNITY EACH YEAR AND SERVE AS A LONG-TERM, STRATEGIC PARTNER FOR INDIVIDUAL AND CORPORATE FUNDHOLDERS.
COMMUNITY IMPACT - THESE PUBLIC-FACING PROGRAMS, FUNDED AND/OR OPERATED BY THE COMMUNITY FOUNDATION, HELP US REALIZE OUR VISION OF A THRIVING, RESILIENT, SUSTAINABLE COMMUNITY WITH A VIBRANT QUALITY OF LIFE FOR ALL. WE ALSO HELPED FUND PROGRAMS AIMED AT THE REDEVELOPMENT EFFORTS EMBODIED IN RISE SOUTHEAST AND THE TRANSFORMING SAFETY INITIATIVE.
COMMUNITY PROGRAMS - VENETUCCI - FOR NEARLY TWO DECADES, WE HAVE STEWARDED THIS COMMUNITY ICON IN EL PASO COUNTY. WE ENHANCE THE INVESTMENT THROUGH A LEASE WITH GATHER MOUNTAIN BLOOMS, AN URBAN FLOWER FARM, TO CONTINUE THE PROPERTY'S LEGACY OF WELCOMING THE COMMUNITY TO THE FARM. VENETUCCI WAS GRANTED TO PIKES PEAK REAL ESTATE FOUNDATION EFFECTIVE 12/31/2023 FOR CONTINUING STEWARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Willemarck Chair | OfficerTrustee | 7 | $0 |
Andie Doyle Chair Emeritus | OfficerTrustee | 10 | $0 |
Tad Goodenbour Treasurer | OfficerTrustee | 5 | $0 |
Barbara Winter Secretary | OfficerTrustee | 5 | $0 |
Zuleika Johnson Vice-Chair | OfficerTrustee | 5 | $0 |
Randy Case Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,510,125 |
| Noncash contributions included in lines 1a–1f | $1,290,333 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,510,125 |
| Total Program Service Revenue | $198,978 |
| Investment income | $2,101,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $107,302 |
| Net Rental Income | $323,960 |
| Net Gain/Loss on Asset Sales | $3,734,593 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,984,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,264,101 |
| Grants and other assistance to domestic individuals. | $57,330 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $388,050 |
| Compensation of current officers, directors, key employees. | $186,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $567,043 |
| Pension plan accruals and contributions | $27,817 |
| Other employee benefits | $64,958 |
| Payroll taxes | $72,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,356 |
| Fees for services: Accounting | $36,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $302,129 |
| Fees for services: Other | $115,998 |
| Advertising and promotion | $80,370 |
| Office expenses | $49,624 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,871 |
| Travel | $745 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,991 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,019 |
| Insurance | $29,981 |
| All other expenses | $0 |
| Total functional expenses | $20,248,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,576,663 |
| Savings and temporary cash investments | $3,788,922 |
| Pledges and grants receivable | $170,747 |
| Accounts receivable, net | $583 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $461,605 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $84,281 |
| Net Land, buildings, and equipment | $6,076 |
| Investments—publicly traded securities | $69,026,237 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,115,114 |
| Accounts payable and accrued expenses | $51,254 |
| Grants payable | $444,073 |
| 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 | $6,284,616 |
| Total liabilities | $6,779,943 |
| Net assets without donor restrictions | $71,001,602 |
| Net assets with donor restrictions | $333,569 |
| 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 | $78,115,114 |
Grants Awarded
Over the last fiscal year, Pikes Peak Community Foundation has awarded $18,053,065 in support to 189 organizations.
| Grant Recipient | Amount |
|---|---|
AIR FORCE ACADEMY FOUNDATION PURPOSE: ED: POST-SECONDARY | $8,000 |
915 KRCC PURPOSE: AC: ARTS & CULTURE | $5,500 |
ALETHIA CHURCH PURPOSE: CC: FAITH COMMUNITY | $10,000 |
ALPINE AUTISM CENTER PURPOSE: HH: HEALTH | $10,400 |
ALZHEIMER'S ASSOCIATION-COLORADO CHAPTER PURPOSE: HH: HEALTH | $15,000 |
AMERICAN CANCER SOCIETY PURPOSE: HH: HEALTH | $5,500 |