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Nonprofiteer
← THE WELD TRUST

Form 990 for tax year 2022

Filed by THE WELD TRUST.

Totals

Total revenue
$14,144,129
Total expenses
$18,928,462
Contributions and grants received
$0
Grants paid
$14,080,694
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$14,080,694
Management and general expenses
$4,847,768
Fundraising expenses
$0
Program service expenses (Part III)
$14,080,694

Program services were 74.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TOM GRANT

    PRESIDENT & CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRANDON HOUTCHENS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROBERT MURPHY

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARK LAWLEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • VICKI WILSON PHD RN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MIKE SIMONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TRAVIS GILLMORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROSE STOLLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JASON YEATER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN DOLLARHIDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TIMOTHY BRYNTESON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JEFFREY CARLSON

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $210,972
    From this org
    $191,837
    From related orgs
    $0
    Other
    $19,135
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $191,837
    Bonus
    $0
    Other
    $0
    Deferred
    $10,402
    Nontaxable benefits
    $4,906
    Filer's total
    $207,145

  • RAMON SERRANO

    CHIEF FINANCIAL OFFICER

    Total calculated
    $156,964
    From this org
    $136,671
    From related orgs
    $0
    Other
    $20,293
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $135,071
    Bonus
    $1,600
    Other
    $0
    Deferred
    $8,751
    Nontaxable benefits
    $11,542
    Filer's total
    $156,964

  • MIKE BOND

    CHIEF OPERATING OFFICER

    Total calculated
    $170,431
    From this org
    $150,818
    From related orgs
    $0
    Other
    $19,613
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $149,218
    Bonus
    $1,600
    Other
    $0
    Deferred
    $9,755
    Nontaxable benefits
    $9,858
    Filer's total
    $170,431

  • RHONDA MOREHEAD

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $157,011
    From this org
    $139,914
    From related orgs
    $0
    Other
    $17,097
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $138,314
    Bonus
    $1,600
    Other
    $0
    Deferred
    $8,457
    Nontaxable benefits
    $8,640
    Filer's total
    $157,011

  • KYLE HOLMAN

    DIRECTOR OF HEALTH GRANTS

    Total calculated
    $138,123
    From this org
    $118,054
    From related orgs
    $0
    Other
    $20,069
    Hours/week
    50

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION PAID $1000 FOR BOTH THE CHIEF OPERATING OFFICER AND THE DIRECTOR OF COMMUNICATIONS MEMBERSHIP DUES IN THE ROTARY CLUB OF GREELEY.
PART I, LINE 7
THE CHIEF EXECUTIVE OFFICER AND THE BOARD REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2022, BONUSES WERE AWARDED BASED ON REVIEW OF EACH INDIVIDUAL'S PERFORMANCE AND SERVICES TO THE ORGANIZATION.
SCHEDULE J, PART II:
INDIVIDUALS LISTED ON SCHEDULE J, PART II, PERFORM SERVICES FOR BOTH THE WELD TRUST AND NORTH COLORADO MEDICAL CENTER FOUNDATION (D/B/A WELD LEGACY FOUNDATION), A RELATED TAX-EXEMPT ORGANIZATION. COMPENSATION AND BENEFITS PAID TO THESE INDIVIDUALS REPORTED ON SCHEDULE J, PART II, REPRESENTS ONLY THE PORTION OF COMPENSATION AND BENEFITS PAID TO THESE INDIVIDUALS FOR SERVICES TO THE WELD TRUST.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SHEEP DRAW FARMS LLC

    HOLDS TITLE TO FARM RENT INCOME · CO · income $20,116 · assets $5,786,414

    Directly controlled by THE WELD TRUST

  • SOUTHSIDE INVESTMENTS LLC

    OWNS HOUSES ADJACENT TO THE HOSPITAL · CO · income $2,768,828 · assets $62,426

    Directly controlled by THE WELD TRUST

  • NORMEDCO CARE LLC

    OWNS FACILITY LEASED TO A FEDERALLY QUALIFIED HEALTH CENTER FOR $1 PER YEAR · CO · income -$694,011 · assets $1,057,464

    Directly controlled by THE WELD TRUST

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333199349314723

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