The Armstrong Foundation
- Assets
- $15.3m
- Revenue
- $4.9m
- Investments
- $11.1m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 84-1612524
Organization Overview
The Armstrong Foundation is located in Denver, CO. The organization was established in 2003. 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. Armstrong 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, Armstrong Foundation generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 4.4% 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 2014, Armstrong Foundation has awarded 172 individual grants totaling $19,436,791. 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 |
|---|---|---|---|
William Armstrong Director | 2 | $0 | |
Elisabeth Armstrong Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,516,352 |
| Interest on Savings | $137 |
| Dividends & Interest | $439,415 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $917,257 |
| Capital Gain Net Income | $917,257 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,145 |
| Total Revenue | $4,890,306 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59 |
| Total operating and administrative expenses | $4,061 |
| Contributions, gifts, grants paid | $2,597,513 |
| Total expenses and disbursements | $2,601,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,138,878 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,272,297 |
| Accounts payable and accrued expenses | $257,600 |
| 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 | $0 |
| Total liabilities | $257,600 |
Grants Awarded
Over the last fiscal year, The Armstrong Foundation has awarded $2,597,513 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN METHODIST UNIVERSITY PURPOSE: GENERAL FUND | $2,106,763 |
GEORGE W BUSH PRESIDENTIAL CENTER PURPOSE: GENERAL FUND | $150,000 |
BOYS AND GIRLS CLUB OF MID CENTRAL COAST PURPOSE: GENERAL FUND | $100,000 |
STMARTIN'S EPISCOPAL SCHOOL PURPOSE: GENERAL FUND | $62,500 |
WESTMINSTER SCHOOL PURPOSE: GENERAL FUND | $50,750 |
SCHOOL OF AMERICAN BALLET PURPOSE: GENERAL FUND | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Frederick Gardner Cottrell Foundation Tucson, AZ | $56,298,507 | $10,451,853 |
One Gas Foundation Inc Tulsa, OK | $37,667,049 | $5,198,491 |
Kelly Family Foundation Olathe, KS | $26,568,839 | $10,534,027 |
Call Foundation Salt Lake City, UT | $71,663,445 | $17,181,002 |
Jonathan And Kathleen Altman Foundation Santa Fe, NM | $27,201,618 | $3,082,300 |
Prologis Foundation Denver, CO | $28,249,002 | $8,550,894 |
The Armstrong Foundation Denver, CO | $15,272,297 | $4,890,306 |