Wet Mountain Valley Community Foundation Inc
- Assets
- $1.8m
- Revenue
- $762.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Westcliffe, CO
- Founding
- 03/2000
- Data as of
- 12/2021
- 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 12/2021, Wet Mountain Valley Community Foundation Inc generated $762.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $529.7k during the year ending 12/2021. While expenses have increased by 4.5% 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 2018, Wet Mountain Valley Community Foundation Inc has awarded 79 individual grants totaling $625,981. 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 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 GIVE TO NON-PROFIT AGENCIES THAT SUPPORT THE COMMUNITY IN VARIOUS WAYSAND PROVIDE SCHOLARSHIPS FOR HIGHER EDUCATIO. PRIMARILY THROUGH THIS CAMPAIGN, WMVCF HAS DISTRIBUTED OVER $4 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 TH ARTS, EDUCATION,RECREATION,HISTORIC PRESERVATION, EMERGENSY SERVICES, HEALTH CARE, LAND CONSREVATION AND RELEATED FIELDS OF SERVICE.
ALL OTHER DESIGNATED FUND ACTIVITY.
THE REBECCA SAMUELSON FUND FOR THE ARTS. THE WMVCF IS MANAGING THE DISTRIBUTION OF GIFTS PROVIDING 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 |
|---|---|---|---|
Victor Barnes Chairman | OfficerTrustee | 10 | $0 |
Cathy Snow Vice President | OfficerTrustee | 10 | $0 |
Heidi Clare Lambert Secretary | Officer | 5 | $0 |
Gary Taylor Director | Trustee | 3 | $0 |
Don Belveal Director | Trustee | 3 | $0 |
Lucille Didomenico Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $489,581 |
| 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 | $489,581 |
| Total Program Service Revenue | $136,783 |
| Investment income | $20,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $115,662 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $762,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $442,054 |
| 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 | $9,429 |
| Fees for services: Legal | $9,000 |
| Fees for services: Accounting | $8,343 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20 |
| Office expenses | $7,731 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $529,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,245 |
| Savings and temporary cash investments | $590,011 |
| 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 | $824,920 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,794,176 |
| Accounts payable and accrued expenses | $5,765 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $5,765 |
| Net assets without donor restrictions | $1,286,457 |
| Net assets with donor restrictions | $501,954 |
| 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 | $1,794,176 |
Grants Awarded
Over the last fiscal year, Wet Mountain Valley Community Foundation Inc has awarded $272,764 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Westcliffe, CO PURPOSE: Land conservation | $25,732 |
Westcliffe, CO PURPOSE: Search, rescue, emergency response and outdoor safety education | $24,446 |
Westcliffe, CO PURPOSE: Natural sky preservation | $22,554 |
Westcliffe, CO PURPOSE: Community radio broadcasting | $19,206 |
Westcliffe, CO PURPOSE: Performing arts | $18,034 |
Pueblo, CO PURPOSE: Wildlife preservation | $16,922 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Wet Mountain Valley Community Foundation Inc has recieved totaling $75,012.
| Awarding Organization | Amount |
|---|---|
Ezulwini Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $45,000 |
6 S Foundation Westcliffe, CO PURPOSE: TO PROVIDE SUPPORT TO THE COMMUNITY BASED ON PROGRAMS AND SERVICES. | $20,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: CUSTER COUNTY KIDS COUNCIL GENERAL OPERATING SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Christian Community Foundation Inc Colorado Springs, CO | $497,894,733 | $194,166,172 |
Community First Foundation Arvada, CO | $565,776,459 | $151,756,882 |
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 |