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Nonprofiteer
← THE COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by THE COMMUNITY FOUNDATION.

Totals

Total revenue
$10,856,993
Total expenses
$27,314,926
Contributions and grants received
$7,695,077
Grants paid
$24,777,739
Program service revenue
$104,670
Investment income
$3,313,551
Other revenue
-$256,305
Total assets, end of year
$97,823,398
Total liabilities, end of year
$12,087,550
Net assets or fund balances, end of year
$85,735,848
Program services expenses (Part IX)
$25,415,423
Management and general expenses
$1,175,000
Fundraising expenses
$724,503
Program service expenses (Part III)
$25,415,423

Program services were 93.0% 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.

  • 1f · All other contributions, gifts and grants

    $7,695,077

  • 1g · Noncash contributions included above

    $2,068,467

  • 2a · Program service revenue: ADMINISTRATIVE FEE

    total $87,135 · related or exempt $87,135

  • 2b · Program service revenue: REGISTRATION & EVENTS

    total $15,536 · related or exempt $15,536

  • 2c · Program service revenue: VARIOUS PROGRAMS

    total $1,999 · related or exempt $1,999

  • 3 · Investment income

    total $2,402,287 · excluded $2,402,287

  • 6a · Gross rents

    real property $186,616

  • 6b · Less rental expenses

    real property $451,885

  • 6c · Rental income or loss

    real property -$265,269

  • 6d · Net rental income or loss

    total -$265,269 · unrelated business -$148,119 · excluded -$117,150

  • 7a · Gross sales of assets other than inventory

    securities $911,264

  • 7c · Gain or loss

    securities $911,264

  • 7d · Net gain or loss

    total $911,264 · excluded $911,264

  • 11a · Other revenue: CHANGE IN CRT

    total $8,740 · excluded $8,740

  • 11b · Other revenue: MISC. REVENUE

    total $224 · excluded $224

  • 11e · Other revenue, total

    $8,964

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $24,777,739 · program services $24,777,739

  • 5 · Compensation of officers, directors and key employees

    total $411,776 · program services $148,147 · management and general $189,055 · fundraising $74,574

  • 7 · Other salaries and wages

    total $1,102,957 · program services $248,301 · management and general $394,103 · fundraising $460,553

  • 8 · Pension plan contributions

    total $24,299 · program services $2,422 · management and general $11,523 · fundraising $10,354

  • 9 · Other employee benefits

    total $51,071 · program services $2,712 · management and general $25,240 · fundraising $23,119

  • 10 · Payroll taxes

    total $118,090 · program services $29,523 · management and general $46,055 · fundraising $42,512

  • 11b · Fees: legal

    total $6,594 · program services $1,187 · management and general $5,143 · fundraising $264

  • 11d · Fees: lobbying

    total $3,600 · management and general $3,600

  • 11f · Fees: investment management

    total $145,848 · program services $145,848

  • 11g · Fees: other

    total $33,792 · program services $9,731 · management and general $21,573 · fundraising $2,488

  • 12 · Advertising and promotion

    total $7,200 · fundraising $7,200

  • 13 · Office expenses

    total $50,951 · program services $3,516 · management and general $29,545 · fundraising $17,890

  • 14 · Information technology

    total $52,322 · program services $391 · management and general $51,357 · fundraising $574

  • 16 · Occupancy

    total $42,473 · management and general $42,473

  • 17 · Travel

    total $21,168 · program services $2,542 · management and general $17,771 · fundraising $855

  • 19 · Conferences, conventions and meetings

    total $80,384 · program services $11,630 · management and general $13,143 · fundraising $55,611

  • 20 · Interest

    total $2,106 · management and general $2,106

  • 22 · Depreciation, depletion and amortization

    total $4,331 · management and general $4,331

  • 24a · Other expenses: CONSULTING & TRAINING

    total $327,093 · program services $31,734 · management and general $266,850 · fundraising $28,509

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $43,916 · management and general $43,916

  • 24c · Other expenses: OTHER

    total $7,216 · management and general $7,216

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,630,145 · end of year $711,903

  • 2 · Savings and temporary cash investments

    beginning of year $28,615,260 · end of year $11,651,125

  • 3 · Pledges and grants receivable

    beginning of year $109,145 · end of year $40,720

  • 4 · Accounts receivable

    beginning of year $60,369 · end of year $11,749

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

    $5,062,579

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

    $762,617

  • 10c · Land, buildings and equipment, net

    beginning of year $4,405,494 · end of year $4,299,962

  • 11 · Investments: publicly traded securities

    beginning of year $67,517,642 · end of year $76,763,616

  • 15 · Other assets

    beginning of year $4,395,279 · end of year $4,344,323

  • 17 · Accounts payable and accrued expenses

    beginning of year $259,590 · end of year $287,146

  • 18 · Grants payable

    beginning of year $61,709 · end of year $200,516

  • 23 · Secured mortgages and notes payable

    beginning of year $2,746,107 · end of year $2,662,840

  • 25 · Other liabilities

    beginning of year $7,768,595 · end of year $8,937,048

  • 27 · Net assets without donor restrictions

    beginning of year $96,740,478 · end of year $85,638,678

  • 28 · Net assets with donor restrictions

    beginning of year $156,855 · end of year $97,170

Mission and programs · 2023

Mission

CFBC NURTURES AND ACTIVATES THE IDEAS, GENEROSITY, AND LEADERSHIP OF THE COMMUNITY TO GALVANIZE RESOURCES AND SUPPORT EQUITABLE SOLUTIONS FOR ALL WHO LIVE/WORK IN BOULDER.

Activities or mission (Part I)

FOR OVER THIRTY YEARS, COMMUNITY FOUNDATION BOULDER COUNTY (CFBC) HAS ENVISIONED A THRIVING, EQUITABLE, AND INCLUSIVE COMMUNITY THAT COLLABORATES TO ENSURE EVERYONE IN BOULDER COUNTY EXPERIENCES A LIFE OF OPPORTUNITY AND FULFILLMENT.

  • WE PROVIDE FUNDING AND CREATE CONNECTIONS BETWEEN NONPROFIT ORGANIZATIONS AND THE RESOURCES THEY NEED. WE LOOK TO THESE NONPROFITS TO HELP US RESPOND TO COMMUNITY NEEDS AND OPPORTUNITIES.

    Expenses $9,627,664 · Grants $8,996,865 · Revenue $104,670

  • THE BOULDER COUNTY WILDFIRE FUND WAS ESTABLISHED ON DECEMBER 30TH, 2021, TO SUPPORT THE IMMEDIATE, SHORT-AND LONG-TERM NEEDS OF THE COMMUNITY. DONATIONS WERE RAISED OVER MULTIPLE FISCAL YEARS WHICH MEANS THE TOTAL AMOUNT RAISED (AND DISTRIBUTED) MUST BE CALCULATED OVER MULTIPLE FISCAL YEAR 990 REPORTS. THIS AMOUNT REPRESENTS THE TOTAL AMOUNT RAISED AND DISTRIBUTED FOR THIS FISCAL YEAR.

    Expenses $15,787,759 · Grants $15,780,874

As filed on the 2023 return.

Listed in Part VII

  • Tatiana Hernandez

    CEO

    Total calculated
    $242,092
    From this org
    $219,147
    From related orgs
    $0
    Other
    $22,945
    Hours/week
    39.9 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $219,147
    Bonus
    not reported
    Other
    not reported
    Deferred
    $14,610
    Nontaxable benefits
    $8,335
    Filer's total
    $242,092

  • Ken Long

    CFO & COO

    Total calculated
    $113,484
    From this org
    $109,397
    From related orgs
    $0
    Other
    $4,087
    Hours/week
    39.9 + 0.1 related

  • Trisha McKean

    VP DEVELOPME

    Total calculated
    $185,672
    From this org
    $175,125
    From related orgs
    $0
    Other
    $10,547
    Hours/week
    39.9 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $175,125
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,195
    Nontaxable benefits
    $1,352
    Filer's total
    $185,672

  • Carey Mason

    CHAIR

    Total calculated
    $0
    Hours/week
    8.9 + 0.1 related

  • Scott Beard

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    4.9 + 0.1 related

  • Katie Volkmar

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.9 + 0.1 related

  • Jeremy Wilson

    TREASURER

    Total calculated
    $0
    Hours/week
    4.9 + 0.1 related

  • Yvette Bowden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.9 + 0.1 related

  • David Ensign

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4.9 + 0.1 related

  • Elliot Forsyth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4.9 + 0.1 related

  • Stanley Garnett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.9 + 0.1 related

  • Berenice Garcia Tellez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.9 + 0.1 related

  • Fernando Guzman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.9 + 0.1 related

  • Patricia Leslie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.9 + 0.1 related

  • Emily Mears

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4.9 + 0.1 related

  • Alexis Miles

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.9 + 0.1 related

  • Arvind Sundar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.9 + 0.1 related

  • Gil Sparks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.9 + 0.1 related

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 · 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.

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.

  • TCFSO

    501C3 · SUPP ORG · CO

    Directly controlled by CFBC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • SPRUCE STREET LLC

    REAL ESTAT · CO · income -$265,269 · assets $3,313,298

    Directly controlled by CFBC

Related corporations and trusts

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

  • CHARITABLE REMAINDER UNITRUSTS

    TRUST · CHARITY · CO

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202433199349306203

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