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 4 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $31.6m during the year ending 12/2021. While expenses have increased by 14.3% per year over the past 4 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 2020, El Pomar Foundation has awarded 7,201 individual grants totaling $94,908,188. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NONPROFIT EFFECTIVENESS AND RECOGNITIONPROGRAMS 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, ROCKY MOUNTAIN TAX SEMINAR, AND NONPROFIT OFFICE ASSISTANCE.
LEADERSHIP DEVELOPMENT AND COMMUNITY SERVICEPROGRAMS 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 PRIVILEDGE OF BEING CONNECTED TO THEIR COMMUNITY IN SERVICE TO OTHERS. PROGRAMS INCLUDE: EL POMAR FELLOWSHIP, NONPROFIT EXECUTIVE LEADERSHIP PROGRAM, FORUM FOR CIVIC ADVANCEMENT, ELEVATING LEADERS DEVELOPMENT PROGRAM, AND PIKES PEAK HERITAGE SERIES.
COMMUNITY OUTREACH AND ENGAGEMENTPROGRAMS PROVIDE 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. PROGRAMS INCLUDE: REGIONAL PARTNERSHIP AND MILITARY ASSISTANCE.
HISTORICAL PROPERTIESTHE 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 |
|---|---|---|---|
Kyle H Hybl President And CEO | 40 | $452,022 | |
R Thayer Tutt Jr Vice Chairman, Cio | 40 | $380,571 | |
Matthew J Carpenter Secretary, Executive VP And COO | 40 | $262,383 | |
Elaine Martinez Treasurer, CFO | 40 | $228,109 | |
William J Hybl Executive Chairman | 40 | $227,371 | |
Maureen Lawrence Senior VP And General Counsel | 40 | $206,461 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilmer Cutler Pickering Hale And Dorr Llp | 12/30/21 | $2,990,124 |
Loomis Sayles | 12/30/21 | $583,880 |
Monarch Partners Asset Management Llc | 12/30/21 | $543,428 |
Sparks Willson | 12/30/21 | $156,971 |
Bengineers Llc (Lewicki & Associates) | 12/30/21 | $83,970 |
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 |
|---|---|
Colorado Springs, CO PURPOSE: DONATED BUILDING ADDITION | $6,498,000 |
UNITED STATES OLYMPIC AND PARALYMPIC MUSEUM PURPOSE: GENERAL OPERATING SUPPORT | $2,000,000 |
Colorado Springs, CO PURPOSE: CAPITAL CAMPAIGN | $700,000 |
CHILDREN'S HOSPITAL COLORADO FOUNDATION PURPOSE: OUTPATIENT THERAPY BUILDING IN COLORADO SPRINGS | $500,000 |
Colorado Springs, CO PURPOSE: NEW ANTLERS FACILITY | $500,000 |
Colorado Springs, CO PURPOSE: CAPITAL IMPROVEMENTS AND HOCKEY PROGRAMS | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that El Pomar Foundation has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Buettner Family Foundation Sioux Falls, SD PURPOSE: GENERAL OPERATING | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |