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Nonprofiteer
← PIKES PEAK COMMUNITY FOUNDATION

Form 990 for tax year 2025

Filed by PIKES PEAK COMMUNITY FOUNDATION.

Totals

Total revenue
$17,726,728
Total expenses
$11,136,019
Contributions and grants received
$9,616,957
Grants paid
$8,651,893
Program service revenue
$165,343
Investment income
$7,886,226
Other revenue
$58,202
Total assets, end of year
$92,942,575
Total liabilities, end of year
$12,218,732
Net assets or fund balances, end of year
$80,723,843
Program services expenses (Part IX)
$10,358,640
Management and general expenses
$777,379
Fundraising expenses
$0
Program service expenses (Part III)
$10,358,640

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

    $9,616,957

  • 1g · Noncash contributions included above

    $2,316,716

  • 2a · Program service revenue: MANAGEMENT FEES

    total $120,043 · related or exempt $120,043

  • 2b · Program service revenue: PROGRAM INCOME

    total $45,300 · related or exempt $45,300

  • 3 · Investment income

    total $2,002,601 · unrelated business $22,800 · excluded $1,979,801

  • 5 · Royalties

    total $58,202 · excluded $58,202

  • 7a · Gross sales of assets other than inventory

    securities $25,242,604 · other assets $355,073

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

    securities $19,313,972 · other assets $400,080

  • 7c · Gain or loss

    securities $5,928,632 · other assets -$45,007

  • 7d · Net gain or loss

    total $5,883,625 · excluded $5,883,625

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,646,893 · program services $8,646,893

  • 3 · Grants to foreign organizations and individuals

    total $5,000 · program services $5,000

  • 5 · Compensation of officers, directors and key employees

    total $407,396 · program services $189,339 · management and general $218,057

  • 7 · Other salaries and wages

    total $637,867 · program services $447,387 · management and general $190,480

  • 8 · Pension plan contributions

    total $30,667 · program services $21,616 · management and general $9,051

  • 9 · Other employee benefits

    total $74,163 · program services $48,642 · management and general $25,521

  • 10 · Payroll taxes

    total $97,653 · program services $60,029 · management and general $37,624

  • 11b · Fees: legal

    total $991 · program services $898 · management and general $93

  • 11c · Fees: accounting

    total $41,327 · program services $37,454 · management and general $3,873

  • 11f · Fees: investment management

    total $363,139 · program services $349,833 · management and general $13,306

  • 11g · Fees: other

    total $310,891 · program services $281,596 · management and general $29,295

  • 12 · Advertising and promotion

    total $44,393 · program services $20,741 · management and general $23,652

  • 13 · Office expenses

    total $34,842 · program services $16,278 · management and general $18,564

  • 14 · Information technology

    total $74,105 · program services $34,622 · management and general $39,483

  • 16 · Occupancy

    total $125,127 · program services $77,333 · management and general $47,794

  • 17 · Travel

    total $3,505 · program services $1,638 · management and general $1,867

  • 19 · Conferences, conventions and meetings

    total $8,819 · program services $4,120 · management and general $4,699

  • 22 · Depreciation, depletion and amortization

    total $4,263 · program services $1,582 · management and general $2,681

  • 23 · Insurance

    total $25,630 · program services $11,974 · management and general $13,656

  • 24a · Other expenses: MISC. EXPENSES

    total $137,828 · program services $64,393 · management and general $73,435

  • 24b · Other expenses: PROGRAM EXPENSES

    total $60,041 · program services $36,581 · management and general $23,460

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $1,479 · program services $691 · management and general $788

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,992,983 · end of year $6,436,962

  • 2 · Savings and temporary cash investments

    beginning of year $2,063,024 · end of year $2,178,611

  • 3 · Pledges and grants receivable

    beginning of year $58,824 · end of year $0

  • 4 · Accounts receivable

    beginning of year $9,429 · end of year $28

  • 7 · Other notes and loans receivable

    beginning of year $654,689 · end of year $361,008

  • 9 · Prepaid expenses and deferred charges

    beginning of year $111,303 · end of year $86,449

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

    $11,917

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

    $11,917

  • 10c · Land, buildings and equipment, net

    beginning of year $404,343 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $69,548,146 · end of year $77,337,887

  • 12 · Investments: other securities

    beginning of year $4,734,030 · end of year $6,541,630

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,493 · end of year $18,424

  • 18 · Grants payable

    beginning of year $910,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $11,590,464 · end of year $12,200,308

  • 27 · Net assets without donor restrictions

    beginning of year $72,040,814 · end of year $80,723,843

Mission and programs · 2025

Mission

TO INSPIRE A PASSIONATE COMMUNITY TO FORGE AN ENDURING LEGACY NOW AND FOR FUTURE GENERATIONS. THIS MISSION IS ATTAINED BY BUILDING A COMMUNITY ENDOWMENT, HELPING DONORS ADDRESS COMMUNITY NEEDS AND PROVIDING PHILANTHROPIC LEADERSHIP.

Activities or mission (Part I)

COMMUNITY TRUST TO PROMOTE PHILANTHROPY IN THE PIKES PEAK REGION.

  • THE COMMUNITY FOUNDATION OFFERS A WIDE ARRAY OF SERVICES TO ASSIST COMMUNITY-MINDED PEOPLE AND BUSINESSES ACHIEVE THEIR PHILANTHROPIC GOALS. WE HELP CREATE, NURTURE, AND DEPLOY CUSTOM-DESIGNED PHILANTHROPIC FUNDS AND ENDOWMENTS TO SUPPORT THE COMMUNITY NOW AND FOR GENERATIONS TO COME. THROUGH HUNDREDS OF CHARITABLE FUNDS, WE DISTRIBUTE MILLIONS OF DOLLARS INTO THE COMMUNITY EACH YEAR AND SERVE AS A LONG-TERM, STRATEGIC PARTNER FOR INDIVIDUAL AND CORPORATE FUNDHOLDERS.

    Expenses $8,813,319 · Grants $8,317,715 · Revenue $165,343

  • COMMUNITY IMPACT - THESE PUBLIC-FACING PROGRAMS, FUNDED AND/OR OPERATED BY THE COMMUNITY FOUNDATION, HELP US REALIZE OUR VISION OF A THRIVING, RESILIENT, SUSTAINABLE COMMUNITY WITH A VIBRANT QUALITY OF LIFE FOR ALL. WE CONTINUED TO HELP FUND PROGRAMS AIMED AT THE REDEVELOPMENT EFFORTS EMBODIED IN THE TRANSFORMING SAFETY INITIATIVE. THIS INITIATIVE REPRESENTS A NEW VISION FOR PUBLIC SAFETY, ONE THAT PRIORITIZES COMMUNITY DEVELOPMENT AND ECONOMIC EMPOWERMENT AS TOOLS FOR CRIME PREVENTION. BY SUPPORTING SMALL BUSINESS LOANS AND COMMUNITY GRANTS IN SOUTHEAST COLORADO SPRINGS, THE INITIATIVE EMPOWERS RESIDENTS TO IDENTIFY PRIORITIES AND IMPLEMENT SOLUTIONS TAILORED TO THEIR NEIGHBORHOODS. THROUGH THIS MODEL, TRANSFORMING SAFETY FOSTERS SAFER, MORE CONNECTED COMMUNITIES BY INVESTING IN PEOPLE, PLACE-BASED STRATEGIES, AND LONG-TERM RESILIENCE.

    Expenses $906,627 · Grants $327,178

  • OUR SPACIOUS SKIES - A REGIONAL INITIATIVE TO IDENTIFY SHARED COMMUNITY VALUES AND PRIORITIES ACROSS EL PASO AND TELLER COUNTIES. THIS MULTI-PHASE EFFORT USES SCIENTIFICALLY GROUNDED RESEARCH AND BROAD PUBLIC INPUT TO DEVELOP A CLEAR PICTURE OF WHAT MATTERS MOST TO RESIDENTS. THE RESULTING DATA AND INSIGHTS ARE MADE PUBLICLY AVAILABLE TO INFORM AND SUPPORT THOSE MAKING STRATEGIC INVESTMENTS IN PROGRAMS AND OPPORTUNITIES THAT REFLECT THE REGION'S VALUES.

    Expenses $638,694 · Grants $7,000

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • WENDEL TORRES

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • KARLA GRAZIER

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • VENKAT REDDY

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • KATHY BOE

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • RAMON ALVAREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JON FORBES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BENJAMIN HARVEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DEB MAHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATE MAIURRO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DONNA NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID SEALS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALEX SULLIVAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MANYA WHITAKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BARBARA WINTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARTIN WOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATIE WILLEMARCK

    CHAIR EMERITA

    Total calculated
    $0
    Hours/week
    3

  • MARGARET DOLAN

    CEO

    Total calculated
    $266,119
    From this org
    $234,480
    From related orgs
    $0
    Other
    $31,639
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,480
    Bonus
    $0
    Other
    $0
    Deferred
    $11,947
    Nontaxable benefits
    $19,692
    Filer's total
    $266,119

  • JESSIE MARTINEZ

    DIRECTOR, FINANCE & OPERATIONS

    Total calculated
    $141,277
    From this org
    $123,941
    From related orgs
    $0
    Other
    $17,336
    Hours/week
    40

  • NICOLE RIVET

    VICE PRESIDENT, COMMUNITY INVESTMENT

    Total calculated
    $220,588
    From this org
    $173,791
    From related orgs
    $0
    Other
    $46,797
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,150
    Bonus
    $10,641
    Other
    $0
    Deferred
    $9,435
    Nontaxable benefits
    $37,362
    Filer's total
    $220,588

  • KEVIN FARLEY

    DIRECTOR, MARKETING AND COMMS.

    Total calculated
    $130,985
    From this org
    $114,341
    From related orgs
    $0
    Other
    $16,644
    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 committee
  • 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.

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.

  • PPCF HOLDINGS LLC

    REAL ESTATE HOLDING COMPANY · CO · income $380,000 · assets $0

    Directly controlled by PIKES PEAK COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202642329349302004

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