Erion Foundation
- Assets
- $12.0m
- Revenue
- $946.9k
- Investments
- $9.7m
- Employees
- 0
- Location
- Loveland, CO
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 84-1358074
Organization Overview
Erion Foundation is located in Loveland, CO. The organization was established in 1996. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erion 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, Erion Foundation generated $946.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $350.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Erion Foundation has awarded 48 individual grants totaling $682,618. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug J Erion President | 1 | $0 | |
Summer Scott Vice President | 1 | $0 | |
Eli Scott Treasurer | 1 | $0 | |
Justin Erion Board Member | 1 | $0 | |
Roger E Clark Board Member | 1 | $0 | |
Gentry Erion Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,314 |
| Dividends & Interest | $152,608 |
| Net Rental Income | $22,373 |
| Net Gain on Sale of Assets | $641,447 |
| Capital Gain Net Income | $622,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90,317 |
| Total Revenue | $946,894 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,550 |
| Taxes | $9,413 |
| Depreciation | $941 |
| Occupancy | $15,655 |
| Travel, conferences, and meetings | $28,640 |
| Printing and publications | $0 |
| Other expenses | $28,743 |
| Total operating and administrative expenses | $231,850 |
| Contributions, gifts, grants paid | $118,600 |
| Total expenses and disbursements | $350,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,113 |
| Savings and temporary cash investments | $260,339 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,420,794 |
| Net Land, buildings, and equipment | $2,003 |
| Other assets | $2,069,151 |
| Total assets | $12,048,279 |
| Accounts payable and accrued expenses | $9,175 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,284 |
| Total liabilities | $11,459 |
Grants Awarded
Over the last fiscal year, Erion Foundation has awarded $118,600 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
PVH MCR FOUNDATION PURPOSE: CULTURE & COMMUNITY | $40,000 |
Loveland, CO PURPOSE: BASIC NEEDS & MAJOR PROJECTS | $24,000 |
Fort Collins, CO PURPOSE: GENERAL SUPPORT | $20,000 |
HOSPICE OF LARIMER COUNTY PURPOSE: GENERAL SUPPORT | $10,000 |
MEALS ON WHEELS PURPOSE: LEGACY FUNDING | $6,000 |
Loveland, CO PURPOSE: LEGACY FUNDING | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charter Fund Inc Broomfield, CO | $606,047,129 | $251,921,544 |
Anschutz Foundation Denver, CO | $0 | $131,519,142 |
Community Finance Corporation Tucson, AZ | $0 | $59,653,037 |
The Ray And Tye Noorda Foundation Lindon, UT | $188,322,162 | $42,549,813 |
Harold Hamm Foundation Oklahoma City, OK | $15,100,240 | $36,211,204 |
Colorado Trust Denver, CO | $0 | $33,250,092 |
Bohemian Foundation Fort Collins, CO | $90,098,504 | $41,050,944 |
Weitz Family Foundation Omaha, NE | $41,283,061 | $24,036,289 |
Liana Foundation Inc Jackson, WY | $99,821,769 | $1,410,375 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Miller Family Foundation Inc Pittsburg, KS | $66,698,223 | $18,550,862 |
Con Alma Health Foundation Santa Fe, NM | $33,283,264 | $4,439,981 |