Wet Mountain Valley Community Foundation Inc
- Assets
- $1.8m
- Revenue
- $632.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Westcliffe, CO
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 84-1516244
Organization Overview
Wet Mountain Valley Community Foundation Inc is located in Westcliffe, CO. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wet Mountain Valley Community Foundation Inc 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, Wet Mountain Valley Community Foundation Inc generated $632.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $602.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Wet Mountain Valley Community Foundation Inc has awarded 131 individual grants totaling $1,458,339. 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 GRANTS AND SUPPORT OF COMMUNITY BASED PROGRAMS AND SERVICES. THE WET MOUNTAIN VALLEY COMMUNITY FOUNDATION STRENGTHENS TAX EXEMPT ORGANIZATIONS AND PROVIDES DONORS WITH CHARITABLE GIVING OPTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WET MOUNTAIN VALLEY COMMUNITY SPIRIT CAMPAIGN IS A PROGRAM OF MATCHING GIFTS AWARDED BY THE COMMUNITY FOUNDATION BASED ON INDIVIDUAL DONATIONS TO TAX-EXEMPT ORGANIZATIONS IN CUSTER COUNTY. COMMUNITY SERVICE GRANTS ARE AWARDED AND GIFTS ARE GIVEN TO NON-PROFIT AGENCIES THAT SUPPORT THE COMMUNITY IN VARIOUS WAYS AND PROVIDE SCHOLARSHIPS FOR HIGHER EDUCATION. PRIMARILY THROUGH THIS CAMPAIGN, WMVCF HAS DISTRIBUTED OVER $5 MILLION TO JUST OVER 100 NON-PROFIT ORGANIZATIONS IN CUSTER COUNTY SINCE THE FOUNDING OF THE COMMUNITY SPIRIT CAMPAIGN IN 1999. GRANTS AND GIFTS HAVE BEEN TO THE ARTS, EDUCATION, RECREATION, HISTORIC PRESERVATION, EMERGENCY SERVICES, HEALTH CARE, LAND CONSERVATION AND RELATED FIELDS OF SERVICE.
THE HIGH MOUNTAIN HAY FEVER CHILDRENS HEALTH FUND IS MANAGED THROUGH A CONTRACTUAL AGREEMENT WITH THE WMVCF. FUNDS ARE AVAILABLE TO LOCAL GOVERNMENTAL AGENCIES AND NONPROFIT ORGANIZATIONS THROUGH A YEARLY GRANT PROCESS. A COMMITTEE OF HEALTH AWARE COMMUNITY MEMBERS IS APPOINTED TO ADMINISTER A GRANT CYCLE PROCESS FOR CHILDRENS PROGRAMS THAT ADDRESS PHYSICAL, EMOTIONAL, SOCIAL, AND EDUCATIONAL HEALTH NEEDS FOR CHILDREN, AGES BIRTH TO 18 YEARS. CONTINUED SUPPORT FOR THE CHILDRENS HEALTH FUND IS BUOYED BY YEARLY GRANTS FROM THE HIGH MOUNTAIN HAY FEVER BLUEGRASS FESTIVAL ASSOCIATION AND OTHER PRIVATE DONATIONS.
THE WMVCF OVERSEES THE REBECCA SAMUELSON FUND FOR THE ARTS. THIS PROGRAM PROVIDES FUNDING FOR YOUTH PROGRAMS AND OPPORTUNITES IN THE ARTS BASED ON A GRANT APPLICATION AND REVIEW PROCESS. THE GOAL OF THIS FUND IS TO PROVIDE AN ENDOWMENT FOR THE ARTS IN CUSTER COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Rulo Director | Trustee | 3 | $0 |
Mike Pennica Director | Trustee | 3 | $0 |
Gina Graham Director | Trustee | 2 | $0 |
Bonnie Samuelson Director | Trustee | 5 | $0 |
Lucille Didomenico Director | Trustee | 3 | $0 |
Cathy Snow Vice President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $504,589 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $504,589 |
| Total Program Service Revenue | $73,814 |
| Investment income | $22,319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,436 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $394,721 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,400 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,090 |
| Office expenses | $1,749 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,582 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,662 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,349 |
| All other expenses | $0 |
| Total functional expenses | $602,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $495,058 |
| Savings and temporary cash investments | $359,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $967,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,822,157 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $200 |
| 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 | $0 |
| Total liabilities | $200 |
| Net assets without donor restrictions | $735,845 |
| Net assets with donor restrictions | $1,086,112 |
| 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 | $1,822,157 |
Grants Awarded
Over the last fiscal year, Wet Mountain Valley Community Foundation Inc has awarded $388,402 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CUSTER 2020 DBA ALTITUDE COM FITNES PURPOSE: HEALTH AND FITNESS | $18,720 |
CUSTER CTY SEARCH AND RESCUE PURPOSE: SEARCH RESCUE AND EMERGENCY RESPONSE | $26,883 |
MISSION WOLF PURPOSE: WOLF PRESERVATION | $17,492 |
CUSTER CTY SCHOOLS PURPOSE: K-12 EDUCATION | $18,458 |
WET MOUNTAIN BROADCASTING PURPOSE: COMMUNITY RADIO BROADCASTING | $18,757 |
WET MOUNTAIN WILDLIFE REHAB PURPOSE: WILDLIFE PRESERVATION | $19,319 |