The Armstrong Foundation
- Assets
- $17.9m
- Revenue
- $3.2m
- Investments
- $10.7m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 01/2003
- Data as of
- 12/2022
- 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 12/2022, Armstrong Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $495.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Armstrong Foundation has awarded 190 individual grants totaling $18,377,783. 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 | $0 |
| Interest on Savings | $91,484 |
| Dividends & Interest | $2,386,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $723,197 |
| Capital Gain Net Income | $723,197 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,200,790 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,114 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $102 |
| Total operating and administrative expenses | $22,376 |
| Contributions, gifts, grants paid | $472,967 |
| Total expenses and disbursements | $495,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,219,701 |
| 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 | $17,879,701 |
| Accounts payable and accrued expenses | $175,650 |
| 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 | $175,650 |
Grants Awarded
Over the last fiscal year, The Armstrong Foundation has awarded $472,967 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL CITY OPERA PURPOSE: GENERAL FUND | $5,000 |
COLORADO BALLET PURPOSE: GENERAL FUND | $20,000 |
GEORGE W BUSH PRESIDENTIAL CENTER PURPOSE: GENERAL FUND | $50,000 |
HIGHLAND PARK UMC PURPOSE: GENERAL FUND | $7,500 |
DENVER ART MUSEUM PURPOSE: GENERAL FUND | $2,500 |
NEW YORK CITY BALLET PURPOSE: GENERAL FUND | $15,000 |