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← WELD COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by WELD COMMUNITY FOUNDATION.

Totals

Total revenue
$4,548,009
Total expenses
$4,064,639
Contributions and grants received
$2,621,383
Grants paid
$3,145,493
Program service revenue
$13,787
Investment income
$1,049,683
Other revenue
$863,156
Total assets, end of year
$60,066,261
Total liabilities, end of year
$3,373,579
Net assets or fund balances, end of year
$56,692,682
Program services expenses (Part IX)
$3,457,799
Management and general expenses
$510,371
Fundraising expenses
$96,469
Program service expenses (Part III)
$3,457,799

Program services were 85.1% 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

    $146,626

  • 1f · All other contributions, gifts and grants

    $2,474,757

  • 1g · Noncash contributions included above

    $20,595

  • 2a · Program service revenue: ADMINISTRATION FEES

    total $13,787 · related or exempt $13,787

  • 3 · Investment income

    total $1,338,732 · excluded $1,338,732

  • 5 · Royalties

    total $862,842 · excluded $862,842

  • 7a · Gross sales of assets other than inventory

    securities $25,055,747

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

    securities $25,344,796

  • 7c · Gain or loss

    securities -$289,049

  • 7d · Net gain or loss

    total -$289,049 · related or exempt -$289,049

  • 8a · Fundraising events: gross income

    $79,637

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

    $146,626

  • 8b · Fundraising events: direct expenses

    $85,881

  • 8c · Net income from fundraising events

    total -$6,244 · excluded -$6,244

  • 11a · Other revenue: OTHER INCOME

    total $6,558 · excluded $6,558

  • 11e · Other revenue, total

    $6,558

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,408,842 · program services $2,408,842

  • 2 · Grants to domestic individuals

    total $736,651 · program services $736,651

  • 5 · Compensation of officers, directors and key employees

    total $140,767 · program services $28,154 · management and general $70,384 · fundraising $42,229

  • 7 · Other salaries and wages

    total $256,764 · program services $102,254 · management and general $107,068 · fundraising $47,442

  • 8 · Pension plan contributions

    total $23,918 · program services $8,729 · management and general $10,982 · fundraising $4,207

  • 9 · Other employee benefits

    total $30,913 · program services $10,433 · management and general $15,070 · fundraising $5,410

  • 10 · Payroll taxes

    total $32,030 · program services $10,625 · management and general $14,355 · fundraising $7,050

  • 11b · Fees: legal

    total $180 · program services $180

  • 11c · Fees: accounting

    total $22,400 · management and general $22,400

  • 11f · Fees: investment management

    total $185,847 · management and general $185,847

  • 11g · Fees: other

    total $13,990 · program services $5,075 · management and general $8,198 · fundraising $717

  • 12 · Advertising and promotion

    total $4,195 · fundraising $4,195

  • 13 · Office expenses

    total $17,940 · management and general $17,940

  • 14 · Information technology

    total $37,656 · program services $16,228 · management and general $16,510 · fundraising $4,918

  • 16 · Occupancy

    total $36,000 · program services $10,800 · management and general $18,000 · fundraising $7,200

  • 17 · Travel

    total $1,825 · program services $817 · management and general $491 · fundraising $517

  • 19 · Conferences, conventions and meetings

    total $3,860 · management and general $3,860

  • 22 · Depreciation, depletion and amortization

    total $2,524 · management and general $2,524

  • 24a · Other expenses: PROGRAM EXPENSE

    total $116,305 · program services $116,305

  • 24b · Other expenses: DEVELOPMENT/MARKETING

    total $20,595 · fundraising $20,595

  • 24c · Other expenses: IN-KIND DONATIONS

    total $20,595 · program services $745 · management and general $75 · fundraising $19,775

  • 24d · Other expenses: DEVELOPMENT/EVENTS

    total $17,366 · fundraising $17,366

  • 24e · All other expenses

    total -$66,524 · program services $1,961 · management and general $16,667 · fundraising -$85,152

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,374 · end of year $233,130

  • 2 · Savings and temporary cash investments

    beginning of year $11,531,096 · end of year $8,524,957

  • 3 · Pledges and grants receivable

    beginning of year $514 · end of year $83

  • 4 · Accounts receivable

    beginning of year $110,557 · end of year $152,957

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,093 · end of year $4,209

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

    $40,743

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

    $27,497

  • 10c · Land, buildings and equipment, net

    beginning of year $8,754 · end of year $13,246

  • 11 · Investments: publicly traded securities

    beginning of year $41,289,629 · end of year $50,899,359

  • 12 · Investments: other securities

    beginning of year $147,571 · end of year $153,400

  • 15 · Other assets

    beginning of year $30,275 · end of year $84,920

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,588 · end of year $35,372

  • 18 · Grants payable

    beginning of year $533,750 · end of year $854,147

  • 19 · Deferred revenue

    beginning of year $500 · end of year $1,650

  • 25 · Other liabilities

    beginning of year $2,003,098 · end of year $2,482,410

  • 27 · Net assets without donor restrictions

    beginning of year $3,373,454 · end of year $3,753,324

  • 28 · Net assets with donor restrictions

    beginning of year $47,230,473 · end of year $52,939,358

Mission and programs · 2023

Mission

THE WELD COMMUNITY FOUNDATION PROMOTES PHILANTHROPY TO BUILD RESOURCES, DEVELOPS PARTNERSHIPS, AND PROVIDES LEADERSHIP THAT WILL BE OF LASTING BENEFIT TO OUR COMMUNITIES.

Activities or mission (Part I)

DEDICATED TO BUILDING A COMMUNITY OF GIVERS WHO SUPPORT CHARITABLE INVESTMENTS.

  • THE FOUNDATION ADMINISTERS A ROBUST DONOR ADVISED FUND PROGRAM MADE UP OF MULTIPLE DONOR ADVISED FUNDS. THESE FUNDS SUPPORT NUMEROUS NONPROFITS AND CHARITIES PRIMARILY IN COLORADO AND SPECIFICALLY WELD COUNTY.

    Expenses $1,370,003 · Grants $1,326,118 · Revenue $1,959,633

  • THE FOUNDATION ADMINISTERS A ROBUST SCHOLARSHIP PROGRAM MADE UP OF MULTIPLE SCHOLARSHIP FUNDS SERVING A VARIETY OF STUDENT TALENTS AND INTERESTS. IN 2023 THE FOUNDATION AWARDED 164 SCHOLARSHIPS.

    Expenses $745,203 · Grants $736,651 · Revenue $297,156

  • THE LITTLER YOUTH FUND AWARDS GRANTS FOR THE BENEFIT OF YOUTH IN WELD COUNTY, INCLUDING OPERATING GRANTS, PROGRAM GRANTS, AND GRANTS TO AID IN THE DEVELOPMENT OF EFFECTIVE TEACHING STRATEGIES AND PROJECTS BY WELD COUNTY TEACHERS.

    Expenses $1,049,853 · Grants $748,857 · Revenue $2,000

  • THE FOUNDATION ADMINISTERS VARIOUS ENDOWMENTS AND CHARITABLE FUNDS EARMARKED FOR COMMUNITY GRANTS AND CHARITABLE PROGRAMS.

    Expenses $292,740 · Grants $292,740

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

Listed in Part VII

  • RAND E MORGAN

    PRESIDENT/CE

    Total calculated
    $148,080
    From this org
    $131,032
    From related orgs
    $0
    Other
    $17,048
    Hours/week
    40

  • KRISTI THOMAS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • THERESA HERTNEKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIANNE FRITZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC BOEHNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANITA MEIS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT YOUNG

    1ST VICE CHA

    Total calculated
    $0
    Hours/week
    1

  • MARIANN JOHNSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR MATTHEW MARTINEZ

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • MARILYN SCHOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARCY SANGER

    2ND VICE CHA

    Total calculated
    $0
    Hours/week
    1

  • BRENDA DONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARMANDO SILVA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAYE REITZENSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL GARCIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CINDY SAMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JESSICA ZUMBRUN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR JUSTIN WALKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR LAURA CONNOLLY

    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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
24 April 2024
IRS schema version
2023v5.0
Source object
202441439349301504

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

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