Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $13,739,090

• 1g · Noncash contributions included above

  $2,371,020

• 3 · Investment income

  total $2,186,717 · excluded $2,186,717

• 5 · Royalties

  total $4,892 · excluded $4,892

• 6a · Gross rents

  real property $200

• 6b · Less rental expenses

  real property $39

• 6c · Rental income or loss

  real property $161

• 6d · Net rental income or loss

  total $161 · excluded $161

• 7a · Gross sales of assets other than inventory

  securities $7,427,186 · other assets $47,215,834

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

  securities $5,542,453 · other assets $7,842,917

• 7c · Gain or loss

  securities $1,884,733 · other assets $39,372,917

• 7d · Net gain or loss

  total $41,257,650 · excluded $41,257,650

• 11d · All other revenue

  total $9,000 · excluded $9,000

• 11e · Other revenue, total

  $9,000

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,771,749 · program services $4,771,749

• 2 · Grants to domestic individuals

  total $709,003 · program services $709,003

• 5 · Compensation of officers, directors and key employees

  total $193,754 · program services $77,501 · management and general $87,190 · fundraising $29,063

• 7 · Other salaries and wages

  total $586,579 · program services $353,838 · management and general $221,916 · fundraising $10,825

• 8 · Pension plan contributions

  total $26,452 · program services $17,185 · management and general $8,784 · fundraising $483

• 9 · Other employee benefits

  total $72,232 · program services $48,440 · management and general $22,580 · fundraising $1,212

• 10 · Payroll taxes

  total $55,968 · program services $31,391 · management and general $22,252 · fundraising $2,325

• 11b · Fees: legal

  total $23,716 · program services $13,281 · management and general $10,435

• 11c · Fees: accounting

  total $25,168 · management and general $25,168

• 11f · Fees: investment management

  total $184,954 · management and general $184,954

• 11g · Fees: other

  total $30,724 · program services $17,981 · management and general $12,564 · fundraising $179

• 12 · Advertising and promotion

  total $53,434 · program services $40,893 · management and general $10,627 · fundraising $1,914

• 13 · Office expenses

  total $32,561 · program services $18,160 · management and general $13,445 · fundraising $956

• 14 · Information technology

  total $103,052 · program services $58,739 · management and general $41,221 · fundraising $3,092

• 16 · Occupancy

  total $58,067 · program services $33,098 · management and general $23,227 · fundraising $1,742

• 17 · Travel

  total $11,957 · program services $6,815 · management and general $4,783 · fundraising $359

• 19 · Conferences, conventions and meetings

  total $20,588 · program services $11,094 · management and general $9,150 · fundraising $344

• 22 · Depreciation, depletion and amortization

  total $2,783 · program services $1,587 · management and general $1,113 · fundraising $83

• 23 · Insurance

  total $14,344 · program services $8,456 · management and general $5,478 · fundraising $410

• 24a · Other expenses: ROYALTY TAXES

  total $49,329 · program services $49,329

• 24b · Other expenses: DONOR CULTIVATION

  total $3,430 · program services $3,088 · fundraising $342

• 24e · All other expenses

  total $2,379 · program services $2,379

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $1,006,676

• 2 · Savings and temporary cash investments

  beginning of year $5,608,636 · end of year $53,526,664

• 3 · Pledges and grants receivable

  end of year $220,000

• 4 · Accounts receivable

  beginning of year $214,273 · end of year $52,146

• 9 · Prepaid expenses and deferred charges

  beginning of year $28,229 · end of year $87,968

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

  $181,132

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

  $40,297

• 10c · Land, buildings and equipment, net

  beginning of year $12,228 · end of year $140,835

• 11 · Investments: publicly traded securities

  beginning of year $94,887,894 · end of year $92,103,483

• 14 · Intangible assets

  beginning of year $8,628,846 · end of year $1,400,000

• 15 · Other assets

  beginning of year $9,472,686 · end of year $2,691,835

• 17 · Accounts payable and accrued expenses

  beginning of year $132,954 · end of year $169,863

• 25 · Other liabilities

  beginning of year $5,997,773 · end of year $5,337,585

• 27 · Net assets without donor restrictions

  beginning of year $108,906,404 · end of year $141,897,160

• 28 · Net assets with donor restrictions

  beginning of year $3,815,661 · end of year $3,824,999

The filer's explanations (Part III)

PART I, LINE 7

THE ORGANIZATION ANNUALLY 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, 2022, THE ORGANIZATION AWARDED THE PRESIDENT/CEO A BONUS BASED ON REVIEW OF HER PERFORMANCE AND SERVICES TO THE ORGANIZATION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• WILLIAM G WALDECK LLC

  ROYALTY INTEREST · CO · income $39,372,953 · assets $352,260

  Directly controlled by WESTERN COLORADO COMMUNITY FOUNDATION INC

• WCCF ASSET HOLDING LLC

  HOLD CERTAIN DONATED PROPERTY & INTERESTS UNTIL THEY CAN BE LIQUIDATED · CO · income $1,755,113 · assets $1,468,001

  Directly controlled by WESTERN COLORADO COMMUNITY FOUNDATION INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE LEAD TRUSTS (2)

  T · INVESTING · CO