Colorado Opportunity Foundation
- Assets
- $305.5k
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Englewood, CO
- Founding
- Data as of
- 12/2023
- EIN
- 84-4409670
Organization Overview
Colorado Opportunity Foundation is located in Englewood, CO. According to its NTEE Classification (R05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Opportunity 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 12/2023, Colorado Opportunity Foundation generated $2.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Colorado Opportunity Foundation has awarded 18 individual grants totaling $7,998,250. 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
THE COLORADO OPPORTUNITY FOUNDATION IS ORGANIZED EXCLUSIVELY FOR PUBLIC EDUCATIONAL PURPOSES, PERFORMING RESEARCH, MODELING, ANALYSIS, AND PUBLIC EDUCATION ON GOVERNMENT POLICIES THAT EXPAND AND GROW STATE AND NATIONAL ECONOMIC CONDITIONS. THE COLORADO OPPORTUNITY FOUNDATION SERVES AS A RESOURCE PROVIDING PRACTICAL RESEARCH AND INFORMATION REGARDING THEORETICAL AND EMPIRICAL EVIDENCE CONCERNING THE COSTS AND EFFECTIVENESS OF STATE AND LOCAL TAX, SPENDING, AND REGULATORY POLICIES. PUBLIC EDUCATION IS PROVIDED THROUGH SOURCES THAT ARE AVAILABLE TO THE GENERAL PUBLIC WITHOUT RESTRICTIONS OR FEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLORADO OPPORTUNITY FOUNDATION MADE GRANTS TO OTHER CHARITABLE ORGANIZATIONS TO SUPPORT SPECIFIC PUBLIC EDUCATION ACTIVITIES THAT ARE CONSISTENT WITH AND ADVANCE COLORADO OPPORTUNITY FOUNDATION'S MISSION AND PURPOSE. COLORADO OPPORTUNITY FOUNDATION'S GRANTS TO OTHER CHARITABLE ORGANIZATIONS WERE LIMITED TO DEFINED ACTIVITIES THAT SUPPORT THE SAME CHARITABLE PURPOSE AS COLORADO OPPORTUNITY FOUNDATION. COLORADO OPPORTUNITY FOUNDATION HAS POLICIES AND COMPLIANCE CONTROLS IN PLACE TO ENSURE RECIPIENT ORGANIZATIONS: EXPEND GRANT FUNDING IN A MANNER THAT IS CONSISTENT WITH COLORADO OPPORTUNITY FOUNDATION PURPOSES AND PRIORITIES; DO NOT HAVE A FAMILY OR BUSINESS RELATIONSHIP WITH COLORADO OPPORTUNITY FOUNDATION OR ITS DIRECTORS; AND KEEP PROPER FINANCIAL RECORDS RELATED TO THE AMOUNTS AND PURPOSE OF GRANT DISTRIBUTIONS. COLORADO OPPORTUNITY FOUNDATION MONITORS THE PROGRESS OF ACTIVITIES ACHIEVED THROUGH GRANTS.
THE COLORADO OPPORTUNITY FOUNDATION CONDUCTED RESEARCH, ANALYSIS, AND PUBLIC EDUCATION SUPPORTING POLICIES AND REGULATIONS IMPACTING STATE ECONOMIC GROWTH, INCLUDING PROGRAMS THAT SUPPORT STATE RIGHTS UNDER THE U.S. CONSTITUTION. PUBLIC EDUCATION WAS MADE AVAILABLE TO THE GENERAL PUBLIC WITHOUT RESTRICTION THROUGH OPEN ACCESS WEBSITES, PUBLISHED ARTICLES, AND ADVERTISEMENTS THAT ARE OPEN AND ACCESSIBLE TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Fields Principal Director | OfficerTrustee | 2 | $0 |
Sean Tonner Board Member | Trustee | 2 | $0 |
Luke Ragland Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,700,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,700,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,700,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,088,250 |
| 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 | $100,000 |
| Fees for services: Legal | $87,123 |
| Fees for services: Accounting | $5,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $3,332,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,498 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $305,498 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $305,498 |
| Total liabilities and net assets/fund balances | $305,498 |
Grants Awarded
Over the last fiscal year, Colorado Opportunity Foundation has awarded $3,088,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COMMON SENSE INSTITUTE PURPOSE: GENERAL PURPOSE RESEARCH GRANT | $288,250 |
PUBLIC TRUST INSTITUTE PURPOSE: GENERAL PURPOSE GRANT | $150,000 |
ADVANCE COLORADO PURPOSE: GENERAL PURPOSE GRANT | $2,650,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Opportunity Foundation Englewood, CO | $305,498 | $2,700,000 |
Center For The Rights Of Abused Children Phoenix, AZ | $765,070 | $2,719,568 |
Oklahoma Policy Inc Tulsa, OK | $1,990,934 | $2,124,650 |
Advancing Freedom Inc Oklahoma City, OK | $7,807 | $930,000 |
Utah Taxpayers Association Salt Lake City, UT | $124,286 | $547,147 |
Ourwrites Org Salt Lake City, UT | $205,309 | $339,656 |
Devils Advocate Phoenix, AZ | $3,958 | $0 |
Grand Canyon Institute Phoenix, AZ | $95,199 | $0 |
John Brown Freedom Fund Lawrence, KS | $10,536 | $0 |
Kansans For Responsible Legislation Topeka, KS | $0 | $0 |