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Nonprofiteer
← USED CAR DEALERS OF COLORADO CHARITY FUND INC

Form 990 for tax year 2023

Filed by USED CAR DEALERS OF COLORADO CHARITY FUND INC.

Totals

Total revenue
$101,936
Total expenses
$215,301
Contributions and grants received
$330,422
Grants paid
$208,842
Program service revenue
$0
Investment income
-$146,795
Other revenue
-$81,691
Total assets, end of year
$1,448,430
Total liabilities, end of year
-$937
Net assets or fund balances, end of year
$1,449,367
Program services expenses (Part IX)
$208,842
Management and general expenses
$6,459
Fundraising expenses
$0
Program service expenses (Part III)
$208,842

Program services were 97.0% 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.

  • 1c · Fundraising events

    $330,422

  • 1g · Noncash contributions included above

    $104,943

  • 3 · Investment income

    total $20,791 · excluded $20,791

  • 6a · Gross rents

    real property $5,609

  • 6b · Less rental expenses

    real property $56,886

  • 6c · Rental income or loss

    real property -$51,277

  • 6d · Net rental income or loss

    total -$51,277 · excluded -$51,277

  • 7a · Gross sales of assets other than inventory

    other assets $975,000

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

    other assets $1,142,586

  • 7c · Gain or loss

    other assets -$167,586

  • 7d · Net gain or loss

    total -$167,586 · excluded -$167,586

  • 8a · Fundraising events: gross income

    $171,215

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

    $330,422

  • 8b · Fundraising events: direct expenses

    $201,629

  • 8c · Net income from fundraising events

    total -$30,414 · excluded -$30,414

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $131,842 · program services $131,842

  • 2 · Grants to domestic individuals

    total $77,000 · program services $77,000

  • 11c · Fees: accounting

    total $829 · management and general $829

  • 11g · Fees: other

    total $20 · management and general $20

  • 12 · Advertising and promotion

    total $510 · management and general $510

  • 13 · Office expenses

    total $185 · management and general $185

  • 16 · Occupancy

    total $2,273 · management and general $2,273

  • 19 · Conferences, conventions and meetings

    total $1,382 · management and general $1,382

  • 23 · Insurance

    total $1,000 · management and general $1,000

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $187 · management and general $187

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $73 · management and general $73

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $486,493 · end of year $411,956

  • 4 · Accounts receivable

    beginning of year $5,873 · end of year $15,285

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,081,340

  • 11 · Investments: publicly traded securities

    end of year $1,020,775

  • 15 · Other assets

    beginning of year $0 · end of year $414

  • 25 · Other liabilities

    beginning of year $9,389 · end of year -$937

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,564,317 · end of year $1,449,367

Mission and programs · 2023

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS DESCRIBED UNDER I.R.C. SECTION 501(C)(3). THE CORPORATION'S PURPOSE IS TO REPRESENT THE GOODWILL OF INDEPENDENT USED CAR DEALERS TO HELP ALL COLORADO COMMUNITIES WITH AID, SCHOLARSHIPS AND SUPPORT IN ORDER TO MAKE A POSITIVE DIFFERENCE WITH FAMILIES OF COLORADO.

Activities or mission (Part I)

TO REPRESENT THE GOODWILL OF INDEPENDENT USED CAR DEALERS TO HELP ALL COLORADO COMMUNITIES WITH AID, SCHOLARSHIPS AND SUPPORT IN ORDER TO MAKE A POSITIVE DIFFERENCE WITH FAMILIES OF COLORADO.

  • FOURTEEN SCHOLARSHIPS OF $2,500 EACH PAID TO RECIPIENTS ATTENDING BROWN UNIVERSITY, BYU, COLORADO STATE UNIVERSITY, COMMUNITY COLLEGE OF DENVER, GRAND CANYON UNIVERSITY, METROPOLITAN STATE UNIVERSITY, PLATT COLLEGE, THE UNIVERSITY OF TEXAS AT TYLER, TULANE UNIVERSITY, UNIVERSITY OF COLORADO BOULDER, UNIVERSITY OF DENVER, WESTERN COLORADO UNIVERSITY, AND WESTERN TEXAS COLLEGE, AND ONE $1,000 SCHOLARSHIP TO RIVERDALE RIDGE HIGH SCHOOL.

    Expenses $36,000 · Grants $36,000

  • CASH DONATIONS TO COLORADO BASED 501(C)(3) ENTITIES

    Expenses $131,842 · Grants $131,842

  • CASH DONATIONS TO INDIVIDUALS.

    Expenses $41,000 · Grants $41,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Lindberg

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Stan Martin

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Bart Barnett

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Mark Weida

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Mike Widhalm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Brian Karsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Teshome Tesfaye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Michele Noblitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Mike Whistance

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • David Cardella

    CEO

    Total calculated
    $0
    Hours/week
    10

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.

Grants on this return

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.

Provenance

Return type
form_990
Tax year
2023
Filed
2 August 2024
IRS schema version
2023v5.1
Source object
202442159349300449

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