Pikes Peak Community Foundation
- Assets
- $84.1m
- Revenue
- $22.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Colorado Springs, CO
- Founding
- 08/1996
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Pikes Peak Community Foundation generated $22.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $10.0m during the year ending 12/2021. While expenses have increased by 3.9% 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.
Since 2015, Pikes Peak Community Foundation has awarded 986 individual grants totaling $33,646,021. 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
2021
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. IN 2021, NEARLY $2 MILLION WAS GRANTED TO NON-PROFIT ORGANIZATIONS AND ARTISTS IN EL PASO AND TELLER COUNTIES TO RECOVER FROM THE COVID-19 PANDEMIC. WE FUNDED A PROGRAM WHERE MORE THAN A DOZEN NON-PROFIT ORGANIZATIONS UNDERWENT A 360-DEGREE LOOK AT THEIR BUSINESSES AND OFFER SUGGESTIONS ON STRENGTHENING THEIR OPERATIONS FOR FUTURE UNKNOWNS. WE ALSO HELPED FUND PROGRAMS AIMED AT RENOVATING PANORAMA PARK, 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. IN 2021, WE STRENGTHENED THE INVESTMENT BY ENTERING INTO A FIVE-YEAR LEASE WITH GATHER MOUNTAIN BLOOMS, AN URBAN FLOWER FARM, TO CONTINUE THE PROPERTY'S LEGACY OF WELCOMING THE COMMUNITY TO THE FARM.
THE PHILANTHROPY COLLECTIVE - THE PHILANTHROPY COLLECTIVE IS A CONSORTIUM OF PHILANTHROPIC ORGANIZATIONS AND INDIVIDUALS THAT EXISTS TO LEARN, SHARE EXPERTISE, COLLABORATE, AND LEVERAGE RESOURCES TO ADDRESS OUR REGION'S MOST SIGNIFICANT CHALLENGES AND ACTUALIZE ITS POTENTIAL. WE ADDRESS THE SYSTEMIC CHALLENGES AND OPPORTUNITIES OF THE PHILANTHROPIC SECTOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Butterworth CEO | Officer | 40 | $182,620 |
Leslie Sabin VP Of Finance & Operations | Officer | 40 | $122,659 |
David Dahlin VP Of Philanthropic Services | 40 | $115,251 | |
Andie Doyle Chairperson | OfficerTrustee | 10 | $0 |
Tony Rosendo Immediate Past Chairperson | OfficerTrustee | 7 | $0 |
Rebecca Kilibarda Vice-Chair | OfficerTrustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,921,233 |
| Government grants | $160,129 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,884,268 |
| Noncash contributions included in lines 1a–1f | $2,079,045 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,965,630 |
| Total Program Service Revenue | $107,251 |
| Investment income | $1,325,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,527 |
| Net Gain/Loss on Asset Sales | $4,765,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,173,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,988,208 |
| Grants and other assistance to domestic individuals. | $47,970 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $362,904 |
| Compensation of current officers, directors, key employees. | $174,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $535,234 |
| Pension plan accruals and contributions | $24,915 |
| Other employee benefits | $64,832 |
| Payroll taxes | $64,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,663 |
| Fees for services: Accounting | $21,819 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $284,029 |
| Fees for services: Other | $46,323 |
| Advertising and promotion | $37,837 |
| Office expenses | $81,691 |
| Information technology | $102,623 |
| Royalties | $0 |
| Occupancy | $162,547 |
| Travel | $788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,642 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,549 |
| Insurance | $13,959 |
| All other expenses | $0 |
| Total functional expenses | $10,046,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,094,471 |
| Savings and temporary cash investments | $9,266,185 |
| Pledges and grants receivable | $509,085 |
| Accounts receivable, net | $180,523 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,647,872 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $56,647 |
| Net Land, buildings, and equipment | $4,126,632 |
| Investments—publicly traded securities | $52,257,841 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,957,000 |
| Total assets | $84,096,256 |
| Accounts payable and accrued expenses | $34,929 |
| Grants payable | $702,083 |
| 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 | $6,830,273 |
| Total liabilities | $7,567,285 |
| Net assets without donor restrictions | $76,252,765 |
| Net assets with donor restrictions | $276,206 |
| 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 | $84,096,256 |
Grants Awarded
Over the last fiscal year, Pikes Peak Community Foundation has awarded $7,258,708 in support to 150 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: GENERAL PURPOSE | $1,793,769 |
Colorado Springs, CO PURPOSE: CIVIC PROJECTS | $1,050,000 |
Pagosa Springs, CO PURPOSE: RECREATION | $300,000 |
Indianapolis, IN PURPOSE: GENERAL PURPOSE | $300,000 |
Colorado Springs, CO PURPOSE: ARTS & CULTURE | $232,180 |
Colorado Springs, CO PURPOSE: YOUTH DEVELOPMENT | $201,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pikes Peak Community Foundation has recieved totaling $5,607,414.
| Awarding Organization | Amount |
|---|---|
The Margaret And Al Hill Family Foundation Dallas, TX PURPOSE: SUPPORT COMMUNITY ASSISTANCE PROGRAM | $5,607,414 |
Endowment Analysis
| Beg. Balance | $16,059,331 |
| Earnings | $2,707,603 |
| Net Contributions | $599,597 |
| Other Expense | $1,083,723 |
| Ending Balance | $18,282,808 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Omaha Community Foundation Donor Directed Depository Omaha, NE | $49,176,399 | $38,155,808 |
Nebraska Community Foundation Lincoln, NE | $227,749,373 | $20,781,363 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of Jackson Hole Jackson, WY | $113,990,661 | $47,502,372 |
Rose Community Foundation Denver, CO | $325,610,267 | $15,145,306 |
Lincoln Community Foundation Inc Lincoln, NE | $161,472,860 | $29,470,305 |
Santa Fe Community Foundation Santa Fe, NM | $107,508,749 | $26,179,829 |
The Community Foundation Of Utah Salt Lake City, UT | $90,613,858 | $42,536,089 |
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS | $291,884,746 | $15,071,209 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
Greater Salina Community Foundation Salina, KS | $322,187,245 | $17,442,186 |