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← FOUNDATION FOR COLORADO SPRINGS FUTURE INC

Form 990 for tax year 2023

Filed by FOUNDATION FOR COLORADO SPRINGS FUTURE INC.

Totals

Total revenue
$1,740,026
Total expenses
$858,224
Contributions and grants received
$1,372,484
Grants paid
$400,100
Program service revenue
$249,237
Investment income
$115,580
Other revenue
$2,725
Total assets, end of year
$4,363,396
Total liabilities, end of year
$3,043,272
Net assets or fund balances, end of year
$1,320,124
Program services expenses (Part IX)
$858,224
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$858,224

Program services were 100.0% 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.

  • 1b · Membership dues

    $1,055

  • 1f · All other contributions, gifts and grants

    $1,371,429

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $249,237 · related or exempt $249,237

  • 3 · Investment income

    total $115,580 · excluded $115,580

  • 11a · Other revenue: OTHER INCOME

    total $2,725 · related or exempt $2,725

  • 11e · Other revenue, total

    $2,725

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $400,100 · program services $400,100

  • 11a · Fees: management

    total $177,814 · program services $177,814

  • 11c · Fees: accounting

    total $1,800 · program services $1,800

  • 12 · Advertising and promotion

    total $14,743 · program services $14,743

  • 13 · Office expenses

    total $11,361 · program services $11,361

  • 14 · Information technology

    total $3,636 · program services $3,636

  • 17 · Travel

    total $1,877 · program services $1,877

  • 24a · Other expenses: PROGRAM SERVICES

    total $217,358 · program services $217,358

  • 24b · Other expenses: BANK FEES

    total $29,535 · program services $29,535

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $291,969 · end of year $1,001,804

  • 2 · Savings and temporary cash investments

    beginning of year $38,638 · end of year $187,508

  • 4 · Accounts receivable

    beginning of year $25,000 · end of year $45,323

  • 9 · Prepaid expenses and deferred charges

    end of year $6,364

  • 13 · Investments: program-related

    end of year $1,812,397

  • 15 · Other assets

    beginning of year $100,000 · end of year $1,310,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,300 · end of year $43,272

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,000,000

  • 27 · Net assets without donor restrictions

    beginning of year $438,307 · end of year $1,320,124

Mission and programs · 2023

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 SYSTEMATIZE 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 $858,224 · Grants $400,100 · Revenue $251,962

As filed on the 2023 return.

Listed in Part VII

  • 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 CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Johnna Reeder Kleymeyer

    EX OFFICIO TO THE BOARD

    Total calculated
    $333,525
    From this org
    $0
    From related orgs
    $310,000
    Other
    $23,525
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $0 + $310,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,525 related
    Filer's total
    $0 + $333,525 related

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349316479

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