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Nonprofiteer
← COLORADO ASSOCIATION OF REALTORS FOUNDATION

Form 990 for tax year 2024

Filed by COLORADO ASSOCIATION OF REALTORS FOUNDATION.

Totals

Total revenue
$672,085
Total expenses
$494,021
Contributions and grants received
$582,160
Grants paid
$220,448
Program service revenue
$7,384
Investment income
$101,792
Other revenue
-$19,251
Total assets, end of year
$2,594,300
Total liabilities, end of year
$452,797
Net assets or fund balances, end of year
$2,141,503
Program services expenses (Part IX)
$360,526
Management and general expenses
$122,354
Fundraising expenses
$11,141
Program service expenses (Part III)
$360,526

Program services were 73.0% 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.

  • 1c · Fundraising events

    $11,100

  • 1f · All other contributions, gifts and grants

    $571,060

  • 2a · Program service revenue: SERVICE INCOME

    total $7,252 · related or exempt $7,252

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $132 · related or exempt $132

  • 3 · Investment income

    total $52,481 · excluded $52,481

  • 7a · Gross sales of assets other than inventory

    securities $150,444

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

    securities $101,133

  • 7c · Gain or loss

    securities $49,311

  • 7d · Net gain or loss

    total $49,311 · related or exempt $49,311

  • 8a · Fundraising events: gross income

    $41,298

  • 8a · Fundraising events: contributions included on line 1c

    $11,100

  • 8b · Fundraising events: direct expenses

    $60,875

  • 8c · Net income from fundraising events

    total -$19,577 · excluded -$19,577

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $326 · related or exempt $326

  • 11e · Other revenue, total

    $326

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $220,448 · program services $220,448

  • 11c · Fees: accounting

    total $22,483 · management and general $22,483

  • 11f · Fees: investment management

    total $9,758 · management and general $9,758

  • 11g · Fees: other

    total $213,288 · program services $139,388 · management and general $63,944 · fundraising $9,956

  • 12 · Advertising and promotion

    total $6,479 · management and general $6,479

  • 13 · Office expenses

    total $1,432 · management and general $1,432

  • 14 · Information technology

    total $2,754 · management and general $2,754

  • 17 · Travel

    total $7,255 · management and general $7,255

  • 23 · Insurance

    total $1,245 · management and general $1,245

  • 24a · Other expenses: MEALS AND ENTERTAINMENT

    total $2,572 · management and general $2,572

  • 24b · Other expenses: BANK FEES

    total $2,550 · program services $45 · management and general $1,320 · fundraising $1,185

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,144 · management and general $2,144

  • 24d · Other expenses: PROGRAM AND OTHER EXPENSE

    total $775 · program services $645 · management and general $130

  • 24e · All other expenses

    total $838 · management and general $838

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,380 · end of year $30,971

  • 2 · Savings and temporary cash investments

    beginning of year $357,527 · end of year $472,786

  • 9 · Prepaid expenses and deferred charges

    beginning of year $854 · end of year $1,449

  • 11 · Investments: publicly traded securities

    beginning of year $1,869,714 · end of year $2,089,094

  • 17 · Accounts payable and accrued expenses

    beginning of year $120,994 · end of year $120,460

  • 25 · Other liabilities

    beginning of year $297,170 · end of year $332,337

  • 27 · Net assets without donor restrictions

    beginning of year $1,041,695 · end of year $1,107,802

  • 28 · Net assets with donor restrictions

    beginning of year $809,616 · end of year $1,033,701

Mission and programs · 2024

Mission

TO PROMOTE SAFE AND AFFORDABLE HOUSING, ADVANCE HOMEOWNERSHIP FOR ALL COLORADANS, PROVIDES HOUSING-RELATED DISASTER ASSISTANCE TO OUR NEIGHBORS IN NEED AS WELL AS SUPPORT COMMUNITY-BASED PHILANTHROPIC ACTIVITIES.

  • THE ORGANIZATION MADE GRANTS TO SEVERAL CHARITABLE ORGANIZATIONS FOR ASSISTANCE TO HOUSEHOLDS WITH ATTAINABLE HOUSING OPPORTUNITIES, HOUSING-RELATED DISASTER RELIEF AND EDUCTION.

    Expenses $360,526 · Grants $220,448 · Revenue $7,384

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Amy McDermott

    EXECUTIVE DI

    Total calculated
    $179,624
    From this org
    $0
    From related orgs
    $179,624
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $179,624 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $179,624 related

  • David Anderson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rich Coccaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dana Cottrell

    CAR PRESIDEN

    Total calculated
    $0
    Hours/week
    1

  • Molly Eldridge

    CAR PRESIDEN

    Total calculated
    $0
    Hours/week
    1

  • Sonia Franzel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beverlee Henry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Heraty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Ann Hinrichsen

    PAST-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Janene Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Kidd

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Larissa Kunz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debbie Laity

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dawn Mullin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Papantonakis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aline Pitney

    CAR TREASURE

    Total calculated
    $0
    Hours/week
    1

  • Myra Smallwood

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert Walkowicz

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Brenda Wild

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tyrone Adams

    CAR CEO

    Total calculated
    $0
    Hours/week
    1 + 40 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
16 September 2025
IRS schema version
2024v5.0
Source object
202532889349302748

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

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