Form 990 for tax year 2023

Filed by GOODWILL OF COLORADO FOUNDATION.

Totals

Total revenue: $5,434,652
Total expenses: $3,468,551
Contributions and grants received: $4,985,391
Grants paid: $2,700,052
Program service revenue: $0
Investment income: $715,876
Other revenue: -$266,615
Total assets, end of year: $22,446,284
Total liabilities, end of year: $2,728,759
Net assets or fund balances, end of year: $19,717,525
Program services expenses (Part IX): $2,700,052
Management and general expenses: $0
Fundraising expenses: $768,499
Program service expenses (Part III): $2,700,052

Program services were 77.8% 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

$1,346,067
1e · Government grants (contributions)

$5,972
1f · All other contributions, gifts and grants

$3,633,352
1g · Noncash contributions included above

$95,432
3 · Investment income

total $503,537 · excluded $503,537
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
7a · Gross sales of assets other than inventory

securities $475,791
7b · Less cost or other basis and sales expenses

securities $263,452
7c · Gain or loss

securities $212,339
7d · Net gain or loss

total $212,339 · excluded $212,339
8a · Fundraising events: gross income

$34,915
8a · Fundraising events: contributions included on line 1c

$1,346,067
8b · Fundraising events: direct expenses

$301,530
8c · Net income from fundraising events

total -$266,615 · excluded -$266,615
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 $2,700,052 · program services $2,700,052
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 $475,464 · fundraising $475,464
8 · Pension plan contributions

total $7,050 · fundraising $7,050
9 · Other employee benefits

total $36,804 · fundraising $36,804
10 · Payroll taxes

total $28,571 · fundraising $28,571
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 $30,705 · fundraising $30,705
11g · Fees: other

total $50,271 · fundraising $50,271
12 · Advertising and promotion

total $87,542 · fundraising $87,542
13 · Office expenses

total $14,986 · fundraising $14,986
14 · Information technology

total $0
15 · Royalties

total $0
16 · Occupancy

total $13,385 · fundraising $13,385
17 · Travel

total $5,020 · fundraising $5,020
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $0
20 · Interest

total $0
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $1,341 · fundraising $1,341
23 · Insurance

total $2,178 · fundraising $2,178
24a · Other expenses: DUES & SUBSCRIPTIONS

total $9,674 · fundraising $9,674
24b · Other expenses: MISCELLANEOUS EXPENSE

total $5,074 · fundraising $5,074
24c · Other expenses: TAXES, LICENSES & PERMITS

total $434 · fundraising $434

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $3,320,048 · end of year $3,420,593
2 · Savings and temporary cash investments

beginning of year $233,280 · end of year $212,148
3 · Pledges and grants receivable

beginning of year $667,735 · end of year $171,851
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 $2,053,750
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 $9,680,458 · end of year $14,607,568
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 $1,768,036 · end of year $1,980,374
17 · Accounts payable and accrued expenses

beginning of year $22,881 · end of year $76,596
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 $1,968,854 · end of year $2,652,163
27 · Net assets without donor restrictions

beginning of year $9,574,657 · end of year $13,101,657
28 · Net assets with donor restrictions

beginning of year $6,156,915 · end of year $6,615,868

Mission and programs · 2023

Mission

GOODWILL OF COLORADO FOUNDATION SERVES GOODWILL OF COLORADO THROUGH STRATEGIC AND EFFICIENT FUNDRAISING EFFORTS DEDICATED TO THE ORGANIZATION'S 30 diverse LIFE-CHANGING PROGRAMS AND SERVICES BENEFITTING 148 thousand Coloradoans in 63 Counties (CONTD ON SCH O)

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 2023, GOODWILL OF COLORADO, IN PARTNERSHIP WITH 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, AND FLEET MAINTENANCE SERVICES. in 2023, goodwill of colorado's career development center provided job training and career services for over 40,505 un-or-under employed individuals throughout the community. (Continued on Sch O)

Expenses $2,700,052 · Grants $2,700,052

As filed on the 2023 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

$654,581

From this org

$0

From related orgs

$607,888

Other

$46,693

Hours/week

1 + 39 related

Schedule J breakdown matched by us

Base

$0 + $409,888 related

Bonus

$0 + $185,000 related

Other

$0 + $13,000 related

Deferred

$0 + $26,935 related

Nontaxable benefits

$0 + $19,758 related

Filer's total

$0 + $654,581 related
Tom Neill

Chair

Total calculated

$0

Hours/week

1
Christy Walsh

Vice Chair

Total calculated

$0

Hours/week

1
Stacey Kasten

Treasurer

Total calculated

$0

Hours/week

1
Michelle Blessing

Secretary

Total calculated

$0

Hours/week

1
Mark Perrault

Immed. Past Chair

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
Treasure Davis

Director

Total calculated

$0

Hours/week

1
Barbara Winter

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

0
Peter Maiurro

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

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.
SCH J, PART II, LINE 1(B)(III): OTHER REPORTABLE COMPENSATION CONSISTS OF $13,000 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

Goodwill of Colorado

$2,700,052

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.

GOODWILL of Colorado

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: 2023
Filed: 15 November 2024
IRS schema version: 2023v6.0
Source object: 202540289349301604

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

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