Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $10,908,999 · unrelated business -$10,383 · excluded $10,919,382

• 5 · Royalties

  total $103,081 · excluded $103,081

• 6a · Gross rents

  real property $36,669

• 6b · Less rental expenses

  real property $53,619

• 6c · Rental income or loss

  real property -$16,950

• 6d · Net rental income or loss

  total -$16,950 · excluded -$16,950

• 7a · Gross sales of assets other than inventory

  securities $187,589,141 · other assets $345,000

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

  securities $185,687,369 · other assets $30,089

• 7c · Gain or loss

  securities $1,901,772 · other assets $314,911

• 7d · Net gain or loss

  total $2,216,683 · excluded $2,216,683

• 11a · Other revenue: OTHER MISCELLANEOUS INCOME

  total $4,016 · excluded $4,016

• 11e · Other revenue, total

  $4,016

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $15,375,536 · program services $15,375,536

• 5 · Compensation of officers, directors and key employees

  total $719,194 · management and general $719,194

• 7 · Other salaries and wages

  total $984,336 · management and general $984,336

• 10 · Payroll taxes

  total $56,373 · management and general $56,373

• 11b · Fees: legal

  total $7,763 · management and general $7,763

• 11c · Fees: accounting

  total $90,916 · management and general $90,916

• 11f · Fees: investment management

  total $1,872,871 · management and general $1,872,871

• 11g · Fees: other

  total $151,540 · management and general $151,540

• 12 · Advertising and promotion

  total $48,126 · management and general $48,126

• 13 · Office expenses

  total $131,510 · management and general $131,510

• 16 · Occupancy

  total $68,074 · management and general $68,074

• 17 · Travel

  total $37,559 · management and general $37,559

• 19 · Conferences, conventions and meetings

  total $65,924 · management and general $65,924

• 22 · Depreciation, depletion and amortization

  total $175,332 · management and general $175,332

• 23 · Insurance

  total $33,983 · management and general $33,983

• 24a · Other expenses: SALES AND USE TAX AND O

  total $196,570 · management and general $196,570

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $13,678 · management and general $13,678

• 24c · Other expenses: STAFF DEVELOPMENT

  total $12,727 · management and general $12,727

• 24e · All other expenses

  total $710 · management and general $710

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,454,714 · end of year $3,732,899

• 4 · Accounts receivable

  beginning of year $101,779 · end of year $788,251

• 7 · Other notes and loans receivable

  beginning of year $25,836,274 · end of year $21,171,399

• 9 · Prepaid expenses and deferred charges

  beginning of year $15,638 · end of year $9,262

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

  $17,139,894

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

  $5,299,629

• 10c · Land, buildings and equipment, net

  beginning of year $12,076,062 · end of year $11,840,265

• 11 · Investments: publicly traded securities

  beginning of year $366,038,313 · end of year $392,443,615

• 12 · Investments: other securities

  beginning of year $106,068,004 · end of year $120,601,572

• 17 · Accounts payable and accrued expenses

  beginning of year $300,429 · end of year $356,357

• 18 · Grants payable

  beginning of year $25,924,760 · end of year $21,081,477

• 27 · Net assets without donor restrictions

  beginning of year $485,365,595 · end of year $529,149,429

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION PAID $1025 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, 2023, 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 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.

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 $20,363 · assets $5,786,414

  Directly controlled by THE WELD TRUST

• SOUTHSIDE INVESTMENTS LLC

  OWNS HOUSES ADJACENT TO THE HOSPITAL · CO · income $372,855 · assets $30,825

  Directly controlled by THE WELD TRUST

• NORMEDCO CARE LLC

  OWNS FACILITY LEASED TO A FEDERALLY QUALIFIED HEALTH CENTER FOR $1 PER YEAR · CO · income -$728,075 · assets $1,057,464

  Directly controlled by THE WELD TRUST