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← ROSE COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by ROSE COMMUNITY FOUNDATION.

Totals

Total revenue
$37,727,275
Total expenses
$32,039,447
Contributions and grants received
$31,371,134
Grants paid
$25,921,127
Program service revenue
$600,246
Investment income
$5,692,098
Other revenue
$63,797
Total assets, end of year
$352,590,863
Total liabilities, end of year
$66,705,119
Net assets or fund balances, end of year
$285,885,744
Program services expenses (Part IX)
$28,259,300
Management and general expenses
$2,374,500
Fundraising expenses
$1,405,647
Program service expenses (Part III)
$28,259,300

Program services were 88.2% 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.

  • 1e · Government grants (contributions)

    $2,511,702

  • 1f · All other contributions, gifts and grants

    $28,859,432

  • 1g · Noncash contributions included above

    $900,000

  • 2a · Program service revenue: Administrative Fees

    total $600,246 · related or exempt $600,246

  • 3 · Investment income

    total $3,936,230 · unrelated business $264,497 · excluded $3,671,733

  • 5 · Royalties

    total $1,616 · excluded $1,616

  • 6a · Gross rents

    real property $55,001

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $55,001

  • 6d · Net rental income or loss

    total $55,001 · related or exempt $55,001

  • 7a · Gross sales of assets other than inventory

    securities $103,014,000

  • 7b · Less cost or other basis and sales expenses

    securities $101,258,132

  • 7c · Gain or loss

    securities $1,755,868

  • 7d · Net gain or loss

    total $1,755,868 · excluded $1,755,868

  • 11a · Other revenue: Winner Check-ins

    total $4,000 · excluded $4,000

  • 11b · Other revenue: Miscellaneous Revenue

    total $3,180 · excluded $3,180

  • 11e · Other revenue, total

    $7,180

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,921,127 · program services $25,921,127

  • 5 · Compensation of officers, directors and key employees

    total $774,259 · program services $356,198 · management and general $211,689 · fundraising $206,372

  • 7 · Other salaries and wages

    total $1,797,978 · program services $827,160 · management and general $491,582 · fundraising $479,236

  • 8 · Pension plan contributions

    total $152,885 · program services $70,335 · management and general $41,800 · fundraising $40,750

  • 9 · Other employee benefits

    total $278,130 · program services $127,954 · management and general $76,043 · fundraising $74,133

  • 10 · Payroll taxes

    total $177,707 · program services $81,754 · management and general $48,587 · fundraising $47,366

  • 11b · Fees: legal

    total $187,134 · program services $4,293 · management and general $26,153 · fundraising $156,688

  • 11c · Fees: accounting

    total $50,464 · management and general $50,464

  • 11f · Fees: investment management

    total $821,886 · management and general $821,886

  • 11g · Fees: other

    total $263,691 · program services $126,388 · management and general $109,319 · fundraising $27,984

  • 13 · Office expenses

    total $101,782 · program services $27,919 · management and general $44,287 · fundraising $29,576

  • 14 · Information technology

    total $110,489 · program services $30,307 · management and general $48,076 · fundraising $32,106

  • 16 · Occupancy

    total $413,429 · program services $113,403 · management and general $179,891 · fundraising $120,135

  • 17 · Travel

    total $120,006 · program services $88,571 · management and general $15,914 · fundraising $15,521

  • 22 · Depreciation, depletion and amortization

    total $107,854 · management and general $107,854

  • 23 · Insurance

    total $38,485 · program services $10,556 · management and general $16,746 · fundraising $11,183

  • 24a · Other expenses: Administrative Fees

    total $312,086 · program services $312,086

  • 24b · Other expenses: Communications

    total $263,380 · program services $112,277 · management and general $43,172 · fundraising $107,931

  • 24c · Other expenses: Other Program Related

    total $121,304 · program services $36,128 · management and general $34,662 · fundraising $50,514

  • 24d · Other expenses: Contract and Profession

    total $2,064 · program services $2,000 · management and general $64

  • 24e · All other expenses

    total $23,307 · program services $10,844 · management and general $6,311 · fundraising $6,152

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,218,139 · end of year $3,534,626

  • 2 · Savings and temporary cash investments

    beginning of year $7,838,000 · end of year $7,545,000

  • 3 · Pledges and grants receivable

    beginning of year $717,595 · end of year $1,753,334

  • 4 · Accounts receivable

    beginning of year $463,880 · end of year $500,000

  • 7 · Other notes and loans receivable

    beginning of year $1,380,526 · end of year $1,280,526

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,077 · end of year $43,465

  • 10a · Land, buildings and equipment: cost or other basis

    $12,802,602

  • 10b · Land, buildings and equipment: accumulated depreciation

    $788,246

  • 10c · Land, buildings and equipment, net

    beginning of year $11,165,411 · end of year $12,014,356

  • 11 · Investments: publicly traded securities

    beginning of year $230,034,017 · end of year $195,978,000

  • 12 · Investments: other securities

    beginning of year $137,012,681 · end of year $125,758,620

  • 13 · Investments: program-related

    beginning of year $750,000 · end of year $1,000,000

  • 14 · Intangible assets

    beginning of year $2,710,365 · end of year $2,465,904

  • 15 · Other assets

    beginning of year $491,582 · end of year $717,032

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,974 · end of year $41,487

  • 18 · Grants payable

    beginning of year $1,139,862 · end of year $1,148,786

  • 25 · Other liabilities

    beginning of year $60,873,176 · end of year $65,514,846

  • 27 · Net assets without donor restrictions

    beginning of year $311,619,155 · end of year $268,619,744

  • 28 · Net assets with donor restrictions

    beginning of year $21,146,106 · end of year $17,266,000

Mission and programs · 2022

Mission

SEE SCHEDULE O. Rose Community Foundation strives to advance inclusive, engaged and equitable Greater Denver communities through values-driven philanthropy. The Foundation envisions a thriving region strengthened by its diversity and generosity, and it utilizes the varied tools at its disposal grantmaking, advocacy and philanthropic services to advance this aspiration. Since its founding in 1995, the Foundation has granted more than $367 million to over 2,000 organizations and initiatives, including $64 million in facilitated grantmaking from donor-advised funds. The Foundation also supports 75 nonprofit organizations in creating and growing endowments to sustain their vital work into the future, currently stewarding $62 million in endowed assets.

Activities or mission (Part I)

Advance inclusive, engaged & equitable Greater Denver communities with values-driven philanthropy

  • Donor Development: Donors and aligned funders contributed $12.3 million to their funds at the Foundation. Philanthropy is most powerful when it is rooted in a donor's values and connects generosity to community needs. Rose Community Foundation is committed to supporting our donors and fundholders in meaningful, purposeful philanthropic giving. Fund Distributions: Donors' recommended grants totaled $7.2 million to a broad range of community interests. The Foundation's philanthropy advisors help donors articulate values, narrow their philanthropic focus and identify goals and the impact they want to make through giving, as well as facilitate giving circles. Endowment Services: The Foundation received $13.9 million in contributions for new and existing permanent endowment and designated funds for local nonprofit organizations. The Foundation paid out $1.9 million to local nonprofit organizations who have established permanent endowments and designated funds at the Foundation. Our Endowment Building Pathways are designed to give nonprofit staff and board members the training and support to integrate endowment building and legacy giving into their development work and incentives to help launch or grow an endowment fund.

    Expenses $28,259,300 · Grants $25,921,127 · Revenue $655,247

  • Grantmaking: The Foundation contributed $9.8 million in discretionary grantmaking directed by Rose Community Foundation staff, committees and trustees. Grantmaking cycles included a focus on supporting Jewish life in the region, advancing equitable economic opportunity, supporting social-emotional learning in schools, investing in the policy and advocacy ecosystem that advances inclusive, engaged and equitable Greater Denver communities, and more.

  • Initiatives: Rose Community Foundation partnered with the state of Colorado to fundraise for and make grants from the Colorado Afghan Evacuee Support Fund, which worked to ensure that Colorado is prepared to welcome Afghan evacuees and connect them with community resources. Grantmaking from that fund deployed $1.1 million to local resettlement agencies and nonprofits. Additionally, the Foundation was selected by the State of Colorado in 2022 to house the Refugee Integration Fund, which will distribute federal dollars to local nonprofits serving eligible refugee populations. At the end of the year, the Foundation launched the Newcomers Fund to support local nonprofits assisting the Central and South American migrants arriving in Denver. Additionally, the Foundation is the fiscal sponsor for the Colorado Media Project, which deployed grantmaking in support of local journalism.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steve Cohen

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Janine Davidson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Josh Dinar

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brad Kornfeld

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kathy Neustadt

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Morris Price

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Lorii Rabinowitz

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lisa Robinson

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Jeannie Ritter

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Trinidad Rodriguez

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Touff

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brian Wilkinson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Steve Kris

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Julie Selsberg

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Paul Washington

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Marti Awad

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lindy Lent

    President & CEO

    Total calculated
    $335,238
    From this org
    $305,129
    From related orgs
    $0
    Other
    $30,109
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $303,129
    Bonus
    $2,000
    Other
    $0
    Deferred
    $19,825
    Nontaxable benefits
    $10,284
    Filer's total
    $335,238

  • Gretchen Lenamond

    Chief Financial Officer

    Total calculated
    $199,966
    From this org
    $172,086
    From related orgs
    $0
    Other
    $27,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,086
    Bonus
    $2,000
    Other
    $0
    Deferred
    $13,080
    Nontaxable benefits
    $14,800
    Filer's total
    $199,966

  • Sarah Indyk

    VP of Philanthropic Servic

    Total calculated
    $147,479
    From this org
    $147,479
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sarah Kurz

    VP of Public Affairs

    Total calculated
    $149,564
    From this org
    $149,564
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 7
In 2022, a bonus of $2,000 was given to every staff member in advance of the organization, putting a pause on bonuses to recalibrate compensation with the findings of a forthcoming 2023 compensation study.

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.

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.

  • Rose-JCC Holdings LLC

    Program Investment Holding · CO · income $0 · assets $0

    Directly controlled by Rose Community Foundation

  • Rose Foundation Holding LLC

    Real Estate · CO · income $0 · assets $0

    Directly controlled by Rose Community Foundation

  • Rose Foundation TOD LLC

    Lending funds to facilitate the acquisition of transit oriented properties · CO · income $0 · assets $0

    Directly controlled by Rose Community Foundation

  • Rose Gift Holdings LLC

    To hold non-cash gifts, ultimately intended for DAF or agency funds. · CO · income $0 · assets $0

    Directly controlled by Rose Community Foundation

Provenance

Return type
form_990
Tax year
2022
Filed
4 October 2023
IRS schema version
2022v5.0
Source object
202342799349301104

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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