Form 990 for tax year 2024
Filed by GOODWILL OF COLORADO FOUNDATION.
Totals
- Total revenue
- $6,592,332
- Total expenses
- $5,404,049
- Contributions and grants received
- $4,726,159
- Grants paid
- $4,499,152
- Program service revenue
- $0
- Investment income
- $947,722
- Other revenue
- $918,451
- Total assets, end of year
- $22,693,739
- Total liabilities, end of year
- $55,271
- Net assets or fund balances, end of year
- $22,638,468
- Program services expenses (Part IX)
- $4,499,152
- Management and general expenses
- $0
- Fundraising expenses
- $904,897
- Program service expenses (Part III)
- $4,499,152
Program services were 83.3% 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
$76,689
-
1e · Government grants (contributions)
$317,552
-
1f · All other contributions, gifts and grants
$4,331,918
-
1g · Noncash contributions included above
$76,689
-
3 · Investment income
total $947,722 · excluded $947,722
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$1,262,402
-
8a · Fundraising events: contributions included on line 1c
$76,689
-
8b · Fundraising events: direct expenses
$343,951
-
8c · Net income from fundraising events
total $918,451 · excluded $918,451
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,499,152 · program services $4,499,152
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $558,350 · fundraising $558,350
-
8 · Pension plan contributions
total $15,587 · fundraising $15,587
-
9 · Other employee benefits
total $40,667 · fundraising $40,667
-
10 · Payroll taxes
total $50,507 · fundraising $50,507
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $39,616 · fundraising $39,616
-
11g · Fees: other
total $54,871 · fundraising $54,871
-
12 · Advertising and promotion
total $97,103 · fundraising $97,103
-
13 · Office expenses
total $4,450 · fundraising $4,450
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,802 · fundraising $3,802
-
17 · Travel
total $4,596 · fundraising $4,596
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $6,716 · fundraising $6,716
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $865 · fundraising $865
-
23 · Insurance
total $800 · fundraising $800
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $12,586 · fundraising $12,586
-
24b · Other expenses: MISCELLANEOUS EXPENSE
total $14,381 · fundraising $14,381
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,420,593 · end of year $1,262,570
-
2 · Savings and temporary cash investments
beginning of year $212,148 · end of year $305,620
-
3 · Pledges and grants receivable
beginning of year $171,851 · end of year $102,357
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $2,053,750 · end of year $1,951,063
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$37,254
-
10b · Land, buildings and equipment: accumulated depreciation
$37,254
-
11 · Investments: publicly traded securities
beginning of year $14,607,568 · end of year $16,947,967
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $1,980,374 · end of year $2,124,162
-
17 · Accounts payable and accrued expenses
beginning of year $76,596 · end of year $54,890
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $2,652,163 · end of year $381
-
27 · Net assets without donor restrictions
beginning of year $13,101,657 · end of year $15,265,310
-
28 · Net assets with donor restrictions
beginning of year $6,615,868 · end of year $7,373,158
Mission and programs · 2024
Mission
GOODWILL OF COLORADO FOUNDATION SERVES GOODWILL OF COLORADO (EIN # 84-0513404) THROUGH STRATEGIC AND EFFICIENT FUNDRAISING EFFORTS DEDICATED TO THE ORGANIZATION'S MANY DIVERSE LIFE-CHANGING PROGRAMS AND SERVICES BENEFITTING 148 THOUSAND COLORADOANS IN 63 COUNTIES THROUGHOUT COLORADO EACH YEAR. the foundation SUPPORTs GOODWILL OF COLORADO'S MISSION OF HELPING INDIVIDUALS WITH SIGNIFICANT DISABILITIES AND DISADVANTAGES OVERCOME THEIR BARRIERS TO INDEPENDENCE THROUGH THE POWER OF WORK AND LIFE-ENGAGEMENT OPPORTUNITIES.
Activities or mission (Part I)
RAISE FUNDS THROUGH PUBLIC AND CORPORATE APPEALS, ACTIVITIES AND OUTREACH SUPPORTING GOODWILL of colorado'S MISSION OF HELPING INDIVIDUALS (CONTINUED ON SCHEDULE O)
-
IN 2024, GOODWILL of colorado Foundation IN PARTNERSHIP WITH GOODWILL OF COLORADO (EIN#84-0513404) and Goodwill INDUSTRIAL SERVICES CORPORATION (EIN # 84-1273701), PROVIDED MEANINGFUL AND GAINFUL EMPLOYMENT TO OVER 200 INDIVIDUALS WITH DEVELOPMENTAL AND ECONOMIC CHALLENGES THROUGH ITS SELF-SUSTAINING BUSINESS ENTERPRISES COMPRISED OF LAUNDRY & JANITORIAL SERVICES FOR GOVERNMENT AGENCIES, ACADEMIC AND HEALTH CARE INSTITUTIONS, AND BUSINESSES.
Expenses $4,499,152 · Grants $4,499,152
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Karla Grazier - See Sch O
CEO
- Total calculated
- $685,733
- From this org
- $0
- From related orgs
- $641,384
- Other
- $44,349
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $421,884 related
- Bonus
- $0 + $207,500 related
- Other
- $0 + $12,000 related
- Deferred
- $0 + $27,092 related
- Nontaxable benefits
- $0 + $17,257 related
- Filer's total
- $0 + $685,733 related
-
Thomas Wildenberg - See Sch O
CFO
- Total calculated
- $282,095
- From this org
- $0
- From related orgs
- $257,087
- Other
- $25,008
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $232,087 related
- Bonus
- $0 + $25,000 related
- Other
- $0
- Deferred
- $0 + $7,777 related
- Nontaxable benefits
- $0 + $17,231 related
- Filer's total
- $0 + $282,095 related
-
Peter Maiurro
Chair
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tom Neill
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Stacy Kasten
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Michelle Blessing
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Mark Perrault
Director
- Total calculated
- $0
- Hours/week
- 1
-
Judith Rae Judy Mackey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Laura Blackburn
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robb Conner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Walter Coughlin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris Jenkins
Director
- Total calculated
- $0
- Hours/week
- 1
-
Margie Mauldin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bo Peretto
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mari Sinton-Martinez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mike Hess
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ted Hamstra
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Michalek
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. 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
The filer's explanations (Part III)
- Schedule J, Part I, line 3
- Methods used by related organization Goodwill of Colorado determines the compensation of the CEO. The methods used to determine compensation include the compensation committee, form 990 of other organizations, compensation survey or study, the use of an independent compensation consultant every other year, and approval by the board on recommendation from the compensation committee. Also See Schedule O, Part VI Section B Line 15 explanation.
- Schedule J, Part I, Line 1 (b) (iii)
- OTHER REPORTABLE COMPENSATION CONSISTS OF $12,000 AUTO ALLOWANCE.
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
-
$4,499,152
Support the mission of Goodwill of Colorado
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)3 · See Part VII · CO
Directly controlled by NA
-
Goodwill Industrial Services Corporation
501(C)3 · See Part VII · CO
Directly controlled by See Part VII
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503029349300645
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