Skip to content
Nonprofiteer
← WELD LEGACY FOUNDATION

Form 990 for tax year 2023

Filed by WELD LEGACY FOUNDATION.

Totals

Total revenue
$11,204,758
Total expenses
$2,754,843
Contributions and grants received
$10,170,961
Grants paid
$2,105,215
Program service revenue
$50,640
Investment income
$996,024
Other revenue
-$12,867
Total assets, end of year
$33,567,303
Total liabilities, end of year
$828,884
Net assets or fund balances, end of year
$32,738,419
Program services expenses (Part IX)
$2,123,338
Management and general expenses
$367,309
Fundraising expenses
$264,196
Program service expenses (Part III)
$2,123,338

Program services were 77.1% 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

    $396,813

  • 1d · Related organizations

    $135,370

  • 1e · Government grants (contributions)

    $8,824,711

  • 1f · All other contributions, gifts and grants

    $814,067

  • 2a · Program service revenue: PROGRAM RENTAL INCOME

    total $50,640 · related or exempt $50,640

  • 3 · Investment income

    total $962,630 · excluded $962,630

  • 7a · Gross sales of assets other than inventory

    securities $3,045,579

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

    securities $3,012,185

  • 7c · Gain or loss

    securities $33,394

  • 7d · Net gain or loss

    total $33,394 · excluded $33,394

  • 8a · Fundraising events: gross income

    $228,730

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

    $396,813

  • 8b · Fundraising events: direct expenses

    $241,597

  • 8c · Net income from fundraising events

    total -$12,867 · excluded -$12,867

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $754,958 · program services $754,958

  • 2 · Grants to domestic individuals

    total $1,350,257 · program services $1,350,257

  • 11f · Fees: investment management

    total $29,405 · management and general $29,405

  • 11g · Fees: other

    total $385,649 · program services $6,393 · management and general $221,311 · fundraising $157,945

  • 12 · Advertising and promotion

    total $51,448 · program services $2,572 · management and general $24,695 · fundraising $24,181

  • 13 · Office expenses

    total $12,353 · program services $618 · management and general $5,929 · fundraising $5,806

  • 16 · Occupancy

    total $1,819 · management and general $1,819

  • 22 · Depreciation, depletion and amortization

    total $68,417 · program services $3,421 · management and general $32,840 · fundraising $32,156

  • 23 · Insurance

    total $28,451 · program services $1,423 · management and general $13,656 · fundraising $13,372

  • 24e · All other expenses

    total $72,086 · program services $3,696 · management and general $37,654 · fundraising $30,736

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,842,231 · end of year $3,364,798

  • 3 · Pledges and grants receivable

    beginning of year $45,494 · end of year $323,219

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,860 · end of year $14,295

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

    $2,324,781

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

    $2,038,345

  • 10c · Land, buildings and equipment, net

    beginning of year $354,853 · end of year $286,436

  • 11 · Investments: publicly traded securities

    beginning of year $20,302,108 · end of year $23,579,241

  • 12 · Investments: other securities

    beginning of year $5,744,789 · end of year $5,610,836

  • 15 · Other assets

    beginning of year $399,898 · end of year $388,478

  • 17 · Accounts payable and accrued expenses

    beginning of year $172,634 · end of year $142,309

  • 18 · Grants payable

    beginning of year $468,012 · end of year $321,152

  • 19 · Deferred revenue

    beginning of year $321,544 · end of year $321,544

  • 25 · Other liabilities

    beginning of year $6,768,421 · end of year $43,879

  • 27 · Net assets without donor restrictions

    beginning of year $6,222,980 · end of year $7,785,631

  • 28 · Net assets with donor restrictions

    beginning of year $15,775,642 · end of year $24,952,788

Mission and programs · 2023

Mission

WELD LEGACY FOUNDATION PHILANTHROPICALLY CONTRIBUTES TO ENHANCE THE HEALTH AND EDUCATION QUALITY OF CITIZENS OF WELD COUNTY. THROUGH GRANTS TO NONPROFIT ORGANIZATIONS, SCHOOLS, AND GOVERNMENT ENTITIES, THE FOUNDATION AIMS TO POSITIVELY IMPACT THE EDUCATION AND WELLNESS OF WELD COUNTY.

Activities or mission (Part I)

TO POSITIVELY IMPACT THE HEALTH, EDUCATION, AND WELLNESS OF WELD COUNTY.

  • VARIOUS GRANTS ARE MADE TO ENHANCE WELD LEGACY FOUNDATION'S ABILITY TO DELIVER HEALTHCARE TO THE NORTHERN COLORADO COMMUNITY. OTHER LOCAL NONPROFIT ORGANIZATIONS ALSO BENEFIT FROM GRANTS MADE BY THE WELD LEGACY FOUNDATION.

    Expenses $2,024,734 · Grants $2,010,215

  • MONFORT CHILDREN'S CLINIC THIS PROGRAM PROVIDES HEALTHCARE TO THE CHILDREN OF LOW-INCOME FAMILIES IN WELD COUNTY AND AVERAGES 6,000 PATIENTS AND 13,000 VISITS PER YEAR. IT IS OWNED BY THE FOUNDATION AND WAS OPERATED BY THE FOUNDATION UNTIL OCTOBER 2001. AT THAT TIME, SUNRISE COMMUNITY HEALTH CENTER, AN UNRELATED TAX-EXEMPT ORGANIZATION, LEASED THE CLINIC AND ASSUMED RESPONSIBILITY FOR DAY-TODAY- OPERATIONS.

    Expenses $3,604 · Revenue $50,640

  • CURTIS STRONG CENTER FOR THE VISUALLY IMPAIRED - THIS PROGRAM WAS ESTABLISHED IN AUGUST 2004 TO MAXIMIZE REMAINING VISION WHEN THE PATIENT'S VISION CANNOT BE CORRECTED OR MEDICALLY OR SURGICALLY RESTORED. THE CENTER PROVIDES AN ASSESSMENT OF VISION LOSS, IDENTIFIES AIDS TO OPTIMIZE REMAINING VISION, AND OFFERS EDUCATION ON THE USE OF THE DEVICES AS WELL AS LIFE SKILLS AND MOBILITY TRAINING. THE CENTER IS SUPPORTED BY THE FOUNDATION AND IS OPERATED BY ENSIGHT SKILLS CENTER, AN UNRELATED THIRD PARTY.

    Expenses $95,000 · Grants $95,000

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

Listed in Part VII

  • Tom Grant

    PRESIDENT & CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Brandon Houtchens

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Robert Murphy

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Mark Lawley

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Vicki Wilson PhD RN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Mike Simone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Travis Gillmore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Rose Stoller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jason Yeater

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • John Dollarhide

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Timothy Brynteson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jeffrey Carlson

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $57,069
    From this org
    $0
    From related orgs
    $51,412
    Other
    $5,657
    Hours/week
    10 + 40 related
  • Ramon Serrano

    CHIEF FINANCIAL OFFICER

    Total calculated
    $40,298
    From this org
    $0
    From related orgs
    $35,988
    Other
    $4,310
    Hours/week
    10 + 40 related
  • Mike Bond

    CHIEF OPERATING OFFICER

    Total calculated
    $46,473
    From this org
    $0
    From related orgs
    $40,333
    Other
    $6,140
    Hours/week
    10 + 40 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.

Grants on this return

  • NORTH COLORADO MEDICAL CENTER

    $306,869

    VARIOUS DEPT. SUPPORT ITEMS

  • OPERATIONAL SUPPORT

  • LIFEMED SAFETY INC

    $41,804

    PATIENT SUPPORT

  • BANNER IMAGING SERVICES COLORADO LLC

    $30,376

    PATIENT SUPPORT

  • BARTON CAREY MEDICAL PRODUCTS

    $12,666

    PATIENT ASSISTANCE

  • NICHE DESIGN HOUSE

    $6,599

    OPERATIONAL SUPPORT

  • BANNER HOME CARE

    $5,910

    PATIENT ASSISTANCE

  • WHITE ORCHARDS LLC

    $5,607

    OPERATIONAL SUPPORT

  • PATIENT SUPPORT

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.

  • THE WELD TRUST

    501(C)(3) · ENHANCE THE HEALTH AND EDUCATION OF WELD COUNTY · CO

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.

Related corporations and trusts

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

  • CHARITABLE LEAD TRUST

    CHARITABLE LEAD TRUST · CO · controlled entity

  • SPLIT INTEREST TRUST

    SPLIT INTEREST TRUST · CO · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423209349309532

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

The source document this was parsed from is served over the API, which is where bulk and document access live.