Pikes Peak Area Rotary Endowment
- Assets
- $597.2k
- Revenue
- $177.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 03/1976
- Data as of
- 06/2022
- EIN
- 84-6140469
Organization Overview
Pikes Peak Area Rotary Endowment is located in Colorado Springs, CO. The organization was established in 1976. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Pikes Peak Area Rotary Endowment 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 06/2022, Pikes Peak Area Rotary Endowment generated $177.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $142.7k during the year ending 06/2022. While expenses have increased by 1.1% 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 2016, Pikes Peak Area Rotary Endowment has awarded 41 individual grants totaling $469,750. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDS TO NONPROFIT ORGANIZATIONS IN THE PIKES PEAK REGION TO HELP FURTHER THEIR NONPROFIT MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDS TO PIKES PEAK REGION NONPROFIT ORGANIZATIONS FROM THE OSBORNE DONOR-ADVISED FUND TO HELP FURTHER THEIR NONPROFIT MISSION.
PROVIDED FUNDS TO THE PIKES PEAK REGION NONPROFITS FROM THE PPARE GENERAL FUND TO HELP FURTHER THEIR NONPROFIT MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorraine Willis Trustee | Trustee | 0.31 | $3,000 |
Judy Casey Vice Chairman | OfficerTrustee | 0.31 | $0 |
Tony Fagnant Chairman | OfficerTrustee | 0.96 | $0 |
Dana Capozzella Trustee | Trustee | 0.31 | $0 |
Jeannie Porter Secretary | Trustee | 0.31 | $0 |
Willie Breazell Trustee | Trustee | 0.31 | $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 | $142,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,431 |
| Total Program Service Revenue | $0 |
| Investment income | $16,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,921 |
| Net Income from Fundraising Events | -$2,095 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $177,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,925 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,723 |
| Fees for services: Other | $3,773 |
| 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 | $3,115 |
| All other expenses | $0 |
| Total functional expenses | $142,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $493 |
| Savings and temporary cash investments | $161,414 |
| 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 | $435,325 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $597,232 |
| 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 | $597,232 |
| Total liabilities and net assets/fund balances | $597,232 |
Grants Awarded
Over the last fiscal year, Pikes Peak Area Rotary Endowment has awarded $53,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: Charitable | $26,000 |
Cripple Creek, CO PURPOSE: Charitable | $10,000 |
Woodland Park, CO PURPOSE: Charitable | $10,000 |
Divide, CO PURPOSE: Charitable | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Pikes Peak Area Rotary Endowment has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
El Pomar Foundation Colorado Springs, CO PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
El Pomar Foundation Colorado Springs, CO PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
El Pomar Foundation Colorado Springs, CO PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $533,203 |
| Earnings | -$65,886 |
| Admin Expense | $10,290 |
| Net Contributions | $4,661 |
| Grants | $10,525 |
| Ending Balance | $451,163 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J A & Leta M Chapman Charitable Tr Tulsa, OK | $1,004,993,686 | $116,236,869 |
Suzanne And Walter Scott Foundation Omaha, NE | $379,612,870 | $69,664,147 |
Leta Mcfarlin Chapman Memorial Tr Tulsa, OK | $288,782,253 | $9,376,594 |
J A & Leta M Chapman Tr 10267 Tulsa, OK | $125,788,673 | $4,652,723 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Steel & Pipe Supply Company Inc Voluntary Employees Beneficiary Tr Manhattan, KS | $1,575,827 | $5,668,085 |
William H And Carrie Gottsche Foundation Thermopolis, WY | $15,267,869 | $5,413,273 |
Pauline Mcfarlin Walter Memorial Trust 10910 Tulsa, OK | $77,675,534 | $8,407,780 |
Emerald Gate Charitable Trust Jackson, WY | $143,120,759 | $36,236,406 |
James A & Leta M Chapman Testamentary Charitable Tr Tulsa, OK | $63,271,395 | $1,980,658 |
Marvin S Robinson Charitable Tr Manhattan, KS | $11,920,559 | $11,406,956 |
San Antonio Electrical Vacation & Holiday Trust Agreement Albuquerque, NM | $996,599 | $3,364,803 |