Koelbel Family Foundation
- Assets
- $4.0m
- Revenue
- $1.3m
- Investments
- $2.7m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 01/1997
- Data as of
- 12/2021
- EIN
- 84-1369773
Organization Overview
Koelbel Family Foundation is located in Denver, CO. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Koelbel Family 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, Koelbel Family Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $722.9k during the year ending 12/2021. While expenses have increased by 14.0% 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 2016, Koelbel Family Foundation has awarded 201 individual grants totaling $1,990,959. 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
2021
Describe the Organization's Program Activity:
THE KOELBEL FAMILY FOUNDATION MAKES NO PROGRAM RELATED INVESTMENTS. NO DIRECT CHARITABLE ACTIVITIES ARE CARRIED ON BY THE FOUNDATION. ALL ADMINISTRATIVE EXPENSES INCURRED IN CONNECTION WITH OUR TAX EXEMPT PURPOSE WERE ALLOCATED TO GRANT MAKING ACTIVITIES. ALL OTHER EXPENSES OF THE FOUNDATION WERE PROPERLY ALLOCABLE TO THE INVESTMENT ACTIVITIES OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanda N Werner Vice President | 1 | $0 | |
Walter A Koelbel Jr President | 3 | $0 | |
Thomas E Whyte Sec/treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $475,000 |
| Interest on Savings | $2,238 |
| Dividends & Interest | $27,750 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $625,577 |
| Capital Gain Net Income | $625,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $152,852 |
| Total Revenue | $1,283,417 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,875 |
| Taxes | $175 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $153,483 |
| Total operating and administrative expenses | $161,929 |
| Contributions, gifts, grants paid | $560,976 |
| Total expenses and disbursements | $722,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,654 |
| Savings and temporary cash investments | $1,176,356 |
| Net Accounts receivable | $621 |
| 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 | $2,445,501 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,000 |
| Total assets | $4,003,420 |
| Accounts payable and accrued expenses | $162,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $20,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $182,500 |
Grants Awarded
Over the last fiscal year, Koelbel Family Foundation has awarded $560,976 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: CAPITAL CAMPAIGN - LEEDS BLDG EXPANSION | $250,000 |
Denver, CO PURPOSE: GENERAL OPERATING | $150,000 |
ECONOMIC LITERACY COLORADO PURPOSE: MATCHING GRANT | $25,000 |
JUNIOR LEAGUE OF DENVER FOUNDATION PURPOSE: GENE KOELBEL LEGACY GIFT | $25,000 |
COMMON SENSE POLICY ROUNDTABLE PURPOSE: GENERAL OPERATING | $13,333 |
CHILDREN'S HOSPITAL FOUNDATION PURPOSE: GENERAL OPERATING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |