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← FOUNDATION FOR COLORADO SPRINGS FUTURE INC

Form 990 for tax year 2024

Filed by FOUNDATION FOR COLORADO SPRINGS FUTURE INC.

Totals

Total revenue
$2,190,058
Total expenses
$1,586,750
Contributions and grants received
$1,633,244
Grants paid
$1,208,633
Program service revenue
$414,062
Investment income
$142,752
Other revenue
$0
Total assets, end of year
$4,194,214
Total liabilities, end of year
$2,270,782
Net assets or fund balances, end of year
$1,923,432
Program services expenses (Part IX)
$1,585,307
Management and general expenses
$0
Fundraising expenses
$1,443
Program service expenses (Part III)
$1,585,307

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,633,244

  • 2a · Program service revenue: PROG.SERV.REVENUE-RELA

    total $414,062 · related or exempt $414,062

  • 3 · Investment income

    total $142,752 · excluded $142,752

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,208,633 · program services $1,208,633

  • 11a · Fees: management

    total $65,000 · program services $65,000

  • 12 · Advertising and promotion

    total $13,183 · program services $13,183

  • 13 · Office expenses

    total $36 · program services $36

  • 14 · Information technology

    total $6,364 · program services $6,364

  • 24a · Other expenses: OTHER EXPENSES-PROGSERV

    total $292,091 · program services $292,091

  • 24b · Other expenses: OTHER EXPENSES-FNDRSNG-

    total $1,443 · fundraising $1,443

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,001,804 · end of year $3,722,305

  • 2 · Savings and temporary cash investments

    beginning of year $187,508

  • 4 · Accounts receivable

    beginning of year $45,323 · end of year $430,779

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,364 · end of year $41,130

  • 13 · Investments: program-related

    beginning of year $1,812,397

  • 15 · Other assets

    beginning of year $1,310,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,272 · end of year $18

  • 24 · Unsecured notes and loans payable

    end of year $2,235,000

  • 25 · Other liabilities

    beginning of year $3,000,000 · end of year $35,764

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,320,124 · end of year $1,923,432

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO MAINTAIN AND DIVERSIFY THE ECONOMY OF THE GREATER COLORADO SPRINGS, COLORADO AREA

  • INNOVATE COLORADO SPRINGS - FUNDING OF THE FESTIVAL OF INNOVATION AND IMAGINATION TO ATTRACT AND RETAIN YOUNG, SKILLED WORKERS.ECONOMIC RESEARCH - ECONOMIC RESEARCH TO CREATE METRICS TO ORGANIZE DATA COLLECTION TO BETTER UNDERSTAND COMMUNITY PROGRESS TOWARDS GOALS.RISING PROFESSIONALS - FUNDING TO CREATE A SEPARATE ORGANIZATION FROM THE CHAMBER OF COMMERCE TO RECOGNIZE AND CELEBRATE YOUNG SUCCESSFUL PROFESSIONALS IN THE COMMUNITY.

    Expenses $1,427,761 · Grants $1,208,633 · Revenue $1,888,760

  • OTHER ANCILLIARY PROGRAM SEVICES REIMBURSED

    Expenses $157,546 · Revenue $158,546

As filed on the 2024 return.

Listed in Part VII

  • Johnna Reeder Kleymeyer

    EX OFFICIO TO THE BOARD

    Total calculated
    $373,000
    From this org
    $0
    From related orgs
    $350,000
    Other
    $23,000
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $0 + $270,000 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $20,000 related
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $373,000 related

  • Trinity Bradley Anderson

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    4

  • Margaret Dolan

    VICE CHAIRPERSON & TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Bill Oliver

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Tim Seibert

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    4

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

None.

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503189349313830

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