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Nonprofiteer
← ASPEN COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by ASPEN COMMUNITY FOUNDATION.

Totals

Total revenue
$20,874,440
Total expenses
$22,587,202
Contributions and grants received
$19,910,081
Grants paid
$19,657,650
Program service revenue
$0
Investment income
$777,922
Other revenue
$186,437
Total assets, end of year
$62,335,898
Total liabilities, end of year
$4,728,355
Net assets or fund balances, end of year
$57,607,543
Program services expenses (Part IX)
$21,624,778
Management and general expenses
$296,034
Fundraising expenses
$666,390
Program service expenses (Part III)
$21,624,778

Program services were 95.7% 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

    $529,556

  • 1f · All other contributions, gifts and grants

    $19,380,525

  • 1g · Noncash contributions included above

    $10,344,807

  • 3 · Investment income

    total $777,922 · related or exempt $777,922

  • 8a · Fundraising events: gross income

    $111,223

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

    $529,556

  • 8b · Fundraising events: direct expenses

    $38,211

  • 8c · Net income from fundraising events

    total $73,012 · excluded $73,012

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $113,425 · related or exempt $113,425

  • 11e · Other revenue, total

    $113,425

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,528,400 · program services $19,528,400

  • 2 · Grants to domestic individuals

    total $129,250 · program services $129,250

  • 7 · Other salaries and wages

    total $1,279,048 · program services $747,944 · management and general $207,004 · fundraising $324,100

  • 11c · Fees: accounting

    total $29,669 · program services $17,071 · management and general $4,910 · fundraising $7,688

  • 11f · Fees: investment management

    total $302,138 · program services $302,138

  • 11g · Fees: other

    total $410,840 · program services $333,430 · management and general $8,345 · fundraising $69,065

  • 12 · Advertising and promotion

    total $105,332 · program services $68,857 · management and general $14,217 · fundraising $22,258

  • 13 · Office expenses

    total $83,780 · program services $60,929 · management and general $13,731 · fundraising $9,120

  • 14 · Information technology

    total $65,599 · program services $38,378 · management and general $10,610 · fundraising $16,611

  • 17 · Travel

    total $73,252 · program services $53,941 · management and general $2,702 · fundraising $16,609

  • 20 · Interest

    total $21,291 · program services $12,250 · management and general $3,524 · fundraising $5,517

  • 22 · Depreciation, depletion and amortization

    total $50,849 · program services $29,257 · management and general $8,416 · fundraising $13,176

  • 23 · Insurance

    total $11,288 · program services $7,557 · management and general $1,454 · fundraising $2,277

  • 24a · Other expenses: DONOR CULTIVATION

    total $270,980 · program services $116,606 · management and general $5,282 · fundraising $149,092

  • 24b · Other expenses: CONVENINGS AND DATA

    total $95,814 · program services $94,808 · management and general $392 · fundraising $614

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $90,000 · program services $61,115 · management and general $8,889 · fundraising $19,996

  • 24d · Other expenses: BOARD/COMMITTEE EXPENSE

    total $12,353 · program services $7,108 · management and general $2,044 · fundraising $3,201

  • 24e · All other expenses

    total $27,319 · program services $15,739 · management and general $4,514 · fundraising $7,066

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,840,468 · end of year $7,278,728

  • 4 · Accounts receivable

    beginning of year $30,488 · end of year $37,015

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,599 · end of year $1,500

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

    $1,495,055

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

    $406,334

  • 10c · Land, buildings and equipment, net

    beginning of year $1,139,571 · end of year $1,088,721

  • 11 · Investments: publicly traded securities

    beginning of year $21,569,341 · end of year $21,924,159

  • 12 · Investments: other securities

    beginning of year $30,506,002 · end of year $31,155,775

  • 15 · Other assets

    beginning of year $0 · end of year $850,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $124,169 · end of year $146,364

  • 18 · Grants payable

    beginning of year $342,875 · end of year $1,049,800

  • 23 · Secured mortgages and notes payable

    beginning of year $539,116 · end of year $479,724

  • 25 · Other liabilities

    beginning of year $3,129,413 · end of year $3,052,467

  • 27 · Net assets without donor restrictions

    beginning of year $52,382,438 · end of year $56,956,720

  • 28 · Net assets with donor restrictions

    beginning of year $569,458 · end of year $650,823

Mission and programs · 2024

Mission

ASPEN COMMUNITY FOUNDATION BUILDS PHILANTHROPY AND SUPPORTS NONPROFIT ORGANIZATIONS BY CONNECTING DONORS TO COMMUNITY NEEDS, BUILDING PERMANENT CHARITABLE FUNDS, AND BRINGING PEOPLE TOGETHER TO SOLVE COMMUNITY PROBLEMS.

Activities or mission (Part I)

ASPEN COMMUNITY FOUNDATION BUILDS PHILANTHROPY AND SUPPORTS NONPROFIT ORGANIZATIONS BY CONNECTING DONORS TO COMMUNITY NEEDS, BUILDING PERMANENT CHARITABLE FUNDS AND BRINGING PEOPLE TOGETHER TO SOLVE COMMUNITY PROBLEMS.

  • IN 2024, THE FOUNDATION PROVIDED GRANTMAKING IN THREE AREAS; 1. THE FOUNDATION'S UNRESTRICTED GRANTMAKING FOR ESSENTIAL SERVICES BY NONPROFITS IN THE FOUNDATION'S SERVICE AREA, FUNDED BY AN ANNUAL FUNDRAISING DRIVE. 2. DONOR ADVISED FUND GRANTMAKING IS SUPPORTED FROM OVER 100 DONOR ADVISED FUND, MEETING THE PHILANTHROPIC GOALS OF THE FOUNDATION'S DONORS. 3. DESIGNATED AND SCHOLARSHIP FUNDS PROVIDE GRANTS FOR SPECIFIED PURPOSES IDENTIFIED BY THE FUND'S DESIGN AND ADMINISTERED BY THE FOUNDATION. ADDITIONALLY, THE FOUNDATION STOOD UP ITS COMMUNITY LEADERSHIP PROGRAM, WHICH IS DESIGNED TO ENSURE OUR REGION'S OPPORTUNITIES AREA ACCESSIBLE TO ALL BY CONNECTING LEADERS AND CATALYZING PROGRESS. THIS INCLUDED THE INAUGURAL NONPROFIT CENTER FOR EXCELLENCE, WHICH PROVIDED AN IMMERSIVE, 5-DAY ACADEMY FOCUSING ON STRENGTHENING LOCAL NONPROFIT ORGANIZATIONS BY BUILDING CAPACITY AND HELPING TO ENSURE THEIR SUSTAINABILITY.

    Expenses $21,624,778 · Grants $19,657,650

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

Listed in Part VII

  • Jeff Black

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Geoff Buchheister

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Susan Crown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Bruce Etkin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Bobbi Hapgood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Mike Kaplan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Grady Lenkin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Katherine Lorenz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Melony Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Susie Meraz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Maria Ticsay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Marcie Musser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Craig Navias

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Rob Pew

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Susana Salamun

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Yesenia Silva Estrada

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jennifer Elliot

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Ramona Bruland

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Erica Snow

    EXECUTIVE DIRECTOR

    Total calculated
    $269,529
    From this org
    $230,000
    From related orgs
    $0
    Other
    $39,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,000
    Bonus
    $0
    Other
    $0
    Deferred
    $24,000
    Nontaxable benefits
    $15,529
    Filer's total
    $269,529
  • Jill Aschkenasy

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Kortney Hartman

    FINANCE DIRECTOR

    Total calculated
    $168,598
    From this org
    $142,802
    From related orgs
    $0
    Other
    $25,796
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,802
    Bonus
    $0
    Other
    $0
    Deferred
    $14,280
    Nontaxable benefits
    $11,516
    Filer's total
    $168,598
  • Valerie Carlin

    CHIEF IMPACT OFFICER

    Total calculated
    $164,256
    From this org
    $149,324
    From related orgs
    $0
    Other
    $14,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,324
    Bonus
    $0
    Other
    $0
    Deferred
    $14,932
    Nontaxable benefits
    $0
    Filer's total
    $164,256
  • Stephanie Gianneschi

    PHILANTHROPY DIRECTOR

    Total calculated
    $141,527
    From this org
    $114,022
    From related orgs
    $0
    Other
    $27,505
    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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 October 2025
IRS schema version
2024v5.2
Source object
202523179349305787

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

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