Totals
- Total revenue
- $260,044
- Total expenses
- $220,343
- Contributions and grants received
- $294,977
- Grants paid
- $211,973
- Program service revenue
- $0
- Investment income
- $433
- Other revenue
- -$35,366
- Total assets, end of year
- $416,520
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $416,520
- Program services expenses (Part IX)
- $211,973
- Management and general expenses
- $8,370
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $211,973
Program services were 96.2% 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.
-
1c · Fundraising events
$121,551
-
1d · Related organizations
$105,202
-
1f · All other contributions, gifts and grants
$68,224
-
3 · Investment income
total $433 · excluded $433
-
8a · Fundraising events: gross income
$55,572
-
8a · Fundraising events: contributions included on line 1c
$121,551
-
8b · Fundraising events: direct expenses
$90,938
-
8c · Net income from fundraising events
total -$35,366 · excluded -$35,366
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $158,473 · program services $158,473
-
2 · Grants to domestic individuals
total $53,500 · program services $53,500
-
24a · Other expenses: OPERATING EXPENSES
total $5,148 · management and general $5,148
-
24b · Other expenses: BANK FEES
total $3,222 · management and general $3,222
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $393,183 · end of year $416,520
-
17 · Accounts payable and accrued expenses
beginning of year $16,364
-
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 $376,819 · end of year $416,520
Mission and programs · 2024
Mission
CANVAS FOUNDATION'S MISSION IS TO SHARE OUR HEARTS WITH OUR COMMUNITIES THROUGH A FOCUS ON SCHOOLS, FAMILIES, MILITARY, AND FIRST RESPONDERS. OUR GOAL IS TO SUPPORT AND NURTURE THESE CRITICAL AREAS IN ORDER TO MAKE A LASTING FOOTPRINT IN OUR COMMUNITIES. CONT ON SCH O.THE FOUNDATION WILL OFFER SCHOLARSHIPS TO STUDENTS TO HELP THEM FURTHER THEIR EDUCATION AND COMMUNITY GRANTS TO LOCAL SCHOOLS AND NON-PROFIT ORGANIZATIONS WHO HAVE DEMONSTRATED CHARACTER, LEADERSHIP AND ETHICAL VALUES. THE FOUNDATION WILL ALSO PROVIDE OTHER CHARITABLE ACTIVITIES AND PROGRAMS THAT REFLECT THE INTERESTS OF THE COMMUNITIES WE SERVE. THESE FUNDS ARE INTENDED TO CREATE LONG-TERM RELATIONSHIPS BETWEEN CANVAS FOUNDATION AND THE RECIPIENTS, WHO WE HOPE WILL CONTINUE TO HELP US CONTINUE TO PROMOTE OUR FOCUS ON SCHOOLS, FAMILIES, MILITARY, AND FIRST RESPONDERS IN OUR SURROUNDING COMMUNITIES.
Activities or mission (Part I)
CANVAS FOUNDATION'S MISSION IS TO SHARE OUR HEARTS WITH OUR COMMUNITIES THROUGH A FOCUS ON SCHOOLS, FAMILIES, MILITARY, AND FIRST RESPONDERS. OUR GOAL IS TO SUPPORT AND NURTURE THESE CRITICAL AREAS IN ORDER TO MAKE A LASTING FOOTPRINT IN OUR COMMUNITIES. THE FOUNDATION WILL OFFER SCHOLARSHIPS TO STUDENTS TO HELP THEM FURTHER THEIR EDUCATION AND COMMUNITY GRANTS TO LOCAL SCHOOLS AND NON-PROFIT ORGANIZATIONS WHO HAVE DEMONSTRATED CHARACTER, LEADERSHIP AND ETHICAL VALUES. THE FOUNDATION WILL ALSO PROVIDE OTHER CHARITABLE ACTIVITIES AND PROGRAMS THAT REFLECT THE INTERESTS OF THE COMMUNITIES WE SERVE. THESE FUNDS ARE INTENDED TO CREATE LONG-TERM RELATIONSHIPS BETWEEN CANVAS FOUNDATION AND THE RECIPIENTS, WHO WE HOPE WILL CONTINUE TO HELP US CONTINUE TO PROMOTE OUR FOCUS ON SCHOOLS, FAMILIES, MILITARY, AND FIRST RESPONDERS IN OUR SURROUNDING COMMUNITIES.
-
DONATIONS TO SUPPORT OUR PILLARS OF SCHOOLS, FAMILY, MILITARY AND FIRST RESPONDERS.
Expenses $158,473 · Grants $158,473
-
SCHOLARHIPS TO SUPPORT HIGHER EDUCATION FOR STUDENTS
Expenses $53,500 · Grants $53,500
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Malcolm JohnsonMALCOLM JOHNSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Steve FerreroSTEVE FERRERO
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Ben GreivingBEN GREIVING
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Colleen KnollCOLLEEN KNOLL
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Chris MyklebustCHRIS MYKLEBUST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ben MetzgerBEN METZGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura BlackLAURA BLACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
$50,000
DONATION
-
$25,000
DONATION
-
$10,000
DONATION
-
$6,473
DONATION
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.
-
501(C)(14) · CREDIT UNION · CO
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523169349305697
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