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Nonprofiteer
← COLORADO SCHOOLS FUND

Form 990 for tax year 2024

Filed by COLORADO SCHOOLS FUND.

Totals

Total revenue
$12,983,269
Total expenses
$4,399,031
Contributions and grants received
$12,923,900
Grants paid
$3,420,000
Program service revenue
$0
Investment income
$59,369
Other revenue
$0
Total assets, end of year
$8,766,185
Total liabilities, end of year
$181,947
Net assets or fund balances, end of year
$8,584,238
Program services expenses (Part IX)
$3,965,518
Management and general expenses
$315,266
Fundraising expenses
$118,247
Program service expenses (Part III)
$3,965,518

Program services were 90.1% 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.

  • 1f · All other contributions, gifts and grants

    $12,923,900

  • 3 · Investment income

    total $59,369 · excluded $59,369

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,420,000 · program services $3,420,000

  • 5 · Compensation of officers, directors and key employees

    total $210,000 · program services $105,000 · management and general $63,000 · fundraising $42,000

  • 7 · Other salaries and wages

    total $90,268 · program services $54,161 · management and general $36,107

  • 9 · Other employee benefits

    total $419 · program services $225 · management and general $141 · fundraising $53

  • 10 · Payroll taxes

    total $22,797 · program services $12,827 · management and general $6,737 · fundraising $3,233

  • 11b · Fees: legal

    total $23,084 · management and general $23,084

  • 11c · Fees: accounting

    total $4,969 · management and general $4,969

  • 11g · Fees: other

    total $555,061 · program services $370,048 · management and general $112,052 · fundraising $72,961

  • 13 · Office expenses

    total $23,075 · management and general $23,075

  • 16 · Occupancy

    total $26,756 · management and general $26,756

  • 17 · Travel

    total $11,069 · management and general $11,069

  • 19 · Conferences, conventions and meetings

    total $2,810 · program services $2,810

  • 23 · Insurance

    total $8,135 · management and general $8,135

  • 24a · Other expenses: SUPPLIES

    total $447 · program services $447

  • 24b · Other expenses: LICENSE AND REGISTRATIO

    total $137 · management and general $137

  • 24c · Other expenses: BANK CHARGES

    total $4 · management and general $4

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $2,981,904

  • 2 · Savings and temporary cash investments

    end of year $4,053,951

  • 4 · Accounts receivable

    end of year $1,723,900

  • 9 · Prepaid expenses and deferred charges

    end of year $6,430

  • 17 · Accounts payable and accrued expenses

    end of year $181,947

  • 27 · Net assets without donor restrictions

    end of year $6,860,338

  • 28 · Net assets with donor restrictions

    end of year $1,723,900

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS TO SUPPORT NEW, OUTSTANDING PUBLIC SCHOOLS THAT MEET THE NEEDS OF HISTORICALLY UNDERSERVED CHILDREN AND ASPIRATIONS OF FAMILIES ACROSS COLORADO.

Activities or mission (Part I)

COLORADO SCHOOLS FUND EXISTS TO SERVE COLORADO STUDENTS AND FAMILIES BY HELPING OPEN OUTSTANDING NEW PUBLIC SCHOOLS IN COMMUNITIES THAT NEED THEM THE MOST. WE SUPPORT SCHOOLS TAILORED TO EACH COMMUNITY'S UNMET NEEDS, ENSURING THAT EVERY CHILD HAS ACCESS TO A GREAT PUBLIC EDUCATION.

  • OUR GRANTMAKING IS TARGETED IN SEVERAL AREAS:-SCHOOL GROWTH: GRANTS TO HIGH-QUALITY PUBLIC CHARTER SCHOOLS AND OTHER INNOVATIVE PUBLIC SCHOOLS TO SUPPORT SUCCESSFUL LAUNCH AND EXPANSION.-TALENT & INCUBATION SUPPORT: GRANTS TO ORGANIZATIONS AND SCHOOLS TO STRENGTHEN TALENT PIPELINES, INCLUDING TRAINING PROGRAMS FOR SCHOOL FOUNDERS.-INNOVATIVE SCHOOLS STRATEGY: GRANTS FOR INNOVATIVE PUBLIC SCHOOLS AND FELLOWSHIPS TO SUPPORT ASPIRING SCHOOL FOUNDERS-ENABLING GROWTH AND QUALITY: GRANTS TO ORGANIZATIONS TO SUPPORT STRATEGIC PLANNING AND QUALITY IMPROVEMENT

    Expenses $3,965,518 · Grants $3,420,000

As filed on the 2024 return.

Listed in Part VII

  • Lydia Hoffman

    CEO

    Total calculated
    $210,000
    From this org
    $210,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $210,000

  • Jill Anschutz

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Darryl Cobb

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Hanna Skandera

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Rosemary Rodriguez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

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 · Form 990 of other organizations
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202542949349301909

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

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