El Pomar Foundation
- Assets
- $452.4m
- Revenue
- $71.5m
- Investments
- $385.1m
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 06/1939
- Data as of
- 12/2021
- EIN
- 84-6002373
Organization Overview
El Pomar Foundation is located in Colorado Springs, CO. The organization was established in 1939. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. El Pomar 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, El Pomar Foundation generated $71.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $31.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, El Pomar Foundation has awarded 3,459 individual grants totaling $48,979,116. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONPROFIT EFFECTIVENESS AND RECOGNITION PROGRAMS DESIGNED TO ASSIST, AND GIVE PUBLIC RECOGNITION TO, NONPROFIT ORGANIZATIONS IN THEIR EFFORTS TO BE MORE EFFECTIVE THROUGH BETTER USE OF THEIR RESOURCES, PLANNING FOR THEIR FUTURE, AND PLANNING FOR THE FUTURE OF THEIR COMMUNITIES. PROGRAMS INCLUDE: PENROSE HOUSE CONFERENCE CENTER, AWARDS FOR EXCELLENCE, JULIE PENROSE AWARD, ROCKY MOUNTAIN TAX SEMINAR, PENROSE ORGANIZATIONAL AND PROFESSIONAL LEADERSHIP EXPERIENCE, AND NONPROFIT OFFICE ASSISTANCE.
LEADERSHIP DEVELOPMENT AND COMMUNITY SERVICE PROGRAMS DESIGNED TO SHAPE AND ENCOURAGE THOSE WHO ARE AND THOSE WHO WILL BECOME THE NEXT GENERATION OF LEADERS IN OUR COMMUNITIES AND INSTITUTIONS AND TO INSTILL WITHIN EACH THE VALUE AND PRIVILEGE OF BEING CONNECTED TO THEIR COMMUNITY IN SERVICE TO OTHERS. PROGRAMS INCLUDE: EL POMAR FELLOWSHIP, EL POMAR INTERNSHIP, FORUM FOR CIVIC ADVANCEMENT, ELEVATING LEADERSHIP DEVELOPMENT PROGRAM, PIKES PEAK HERITAGE SERIES, AND LAND PRESERVATION.
COMMUNITY OUTREACH AND ENGAGEMENT REGIONAL PARTNERSHIP PROGRAM PROVIDES OPPORTUNITIES TO IDENTIFY AND REACH OUT TO UNDERSERVED POPULATIONS THROUGHOUT THE STATE OF COLORADO. THE FOUNDATION ENCOURAGES THOSE CLOSEST TO LOCAL PROBLEMS AND ISSUES TO ACTIVELY ASSIST IN TARGETING ITS RESOURCES AND PROGRAMS.
HISTORICAL PROPERTIES THE FOUNDATION OPERATES AND PRESERVES TWO SIGNIFICANT HISTORICAL AND EDUCATIONAL PROPERTIES (WILL ROGERS SHRINE OF THE SUN AND PENROSE HERITAGE MUSEUM) WHICH SPENCER AND JULIE PENROSE BUILT DURING THEIR LIFETIMES AND LEFT AS A PERPETUAL LEGACY TO THE FUTURE INHABITANTS AND VISITORS TO THE PIKES PEAK REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Hybl Chairman | 40 | $159,273 | |
William R Ward Trustee | 5 | $33,000 | |
Kyle H Hybl Pres & CEO | 40 | $432,863 | |
R Thayer Tutt Jr Cio, Vchair | 40 | $407,633 | |
David J Palenchar Vice Chair | 8 | $70,125 | |
Judith Bell Trustee | 6 | $20,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Earnest Partners Llc | 12/30/23 | $123,869 |
Norris Penrose Event Center | 12/30/23 | $174,304 |
Loomis Sayles & Company | 12/30/23 | $489,491 |
Monarch Partners Asset Management | 12/30/23 | $181,011 |
Capfinancial Partners | 12/30/23 | $116,767 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,929 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,820,838 |
| Net Rental Income | $161,138 |
| Net Gain on Sale of Assets | $64,139,363 |
| Capital Gain Net Income | $64,106,922 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$670,108 |
| Total Revenue | $71,471,160 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,211,305 |
| Other employee salaries and wages | $2,645,149 |
| Pension plans, employee benefits | $1,143,841 |
| Interest | $0 |
| Taxes | $1,008,429 |
| Depreciation | $568,758 |
| Occupancy | $310,391 |
| Travel, conferences, and meetings | $85,005 |
| Printing and publications | $20,105 |
| Other expenses | $1,266,907 |
| Total operating and administrative expenses | $14,235,697 |
| Contributions, gifts, grants paid | $17,346,267 |
| Total expenses and disbursements | $31,581,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $698,573 |
| Savings and temporary cash investments | $53,498,017 |
| 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 | $57,843 |
| Investments—mortgage loans | $0 |
| Investments—other | $69,343,978 |
| Net Land, buildings, and equipment | $13,059,864 |
| Other assets | $45,000 |
| Total assets | $452,441,260 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, El Pomar Foundation has awarded $26,014,580 in support to 1,588 organizations.
| Grant Recipient | Amount |
|---|---|
2 MILE HIGH INC PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
4 THE CHILDREN PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
A KID'S PLACE PURPOSE: CASA PROGRAM OF WELD COUNTY | $5,000 |
A PRECIOUS CHILD INC PURPOSE: ESSENTIALS AND BASICS FOR BABIES PROGRAMS | $5,000 |
A KID'S PLACE PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
A SAFE PLACE IN PAGOSA INC PURPOSE: 2021 COLORFEST COLOR RUN | $1,500 |