Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $12,378,410 · unrelated business -$81,500 · excluded $12,459,910

• 5 · Royalties

  total $253,442 · excluded $253,442

• 6a · Gross rents

  real property $73,831

• 6b · Less rental expenses

  real property $11,725

• 6c · Rental income or loss

  real property $62,106

• 6d · Net rental income or loss

  total $62,106 · excluded $62,106

• 7a · Gross sales of assets other than inventory

  securities $249,716,034

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

  securities $227,200,160

• 7c · Gain or loss

  securities $22,515,874

• 7d · Net gain or loss

  total $22,515,874 · excluded $22,515,874

• 11a · Other revenue: OTHER MISCELLANEOUS INCOME

  total $20,432 · excluded $20,432

• 11e · Other revenue, total

  $20,432

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $51,734,407 · program services $51,734,407

• 5 · Compensation of officers, directors and key employees

  total $274,942 · management and general $274,942

• 7 · Other salaries and wages

  total $1,401,898 · management and general $1,401,898

• 8 · Pension plan contributions

  total $16,500 · management and general $16,500

• 10 · Payroll taxes

  total $197,891 · management and general $197,891

• 11b · Fees: legal

  total $17,557 · management and general $17,557

• 11c · Fees: accounting

  total $43,249 · management and general $43,249

• 11f · Fees: investment management

  total $2,202,336 · management and general $2,202,336

• 11g · Fees: other

  total $185,711 · management and general $185,711

• 12 · Advertising and promotion

  total $55,281 · management and general $55,281

• 13 · Office expenses

  total $152,389 · management and general $152,389

• 16 · Occupancy

  total $51,835 · management and general $51,835

• 17 · Travel

  total $30,352 · management and general $30,352

• 19 · Conferences, conventions and meetings

  total $53,341 · management and general $53,341

• 22 · Depreciation, depletion and amortization

  total $179,590 · management and general $179,590

• 23 · Insurance

  total $28,737 · management and general $28,737

• 24a · Other expenses: SALES AND USE TAX AND O

  total $198,075 · management and general $198,075

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $30,939 · management and general $30,939

• 24c · Other expenses: STAFF DEVELOPMENT

  total $4,027 · management and general $4,027

• 24d · Other expenses: BOND FEES

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

• 24e · All other expenses

  total $2,668 · management and general $2,668

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,732,899 · end of year $1,833,226

• 4 · Accounts receivable

  beginning of year $788,251 · end of year $1,260,386

• 7 · Other notes and loans receivable

  beginning of year $21,171,399 · end of year $15,780,298

• 9 · Prepaid expenses and deferred charges

  beginning of year $9,262 · end of year $16,203

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

  $17,163,894

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

  $5,479,219

• 10c · Land, buildings and equipment, net

  beginning of year $11,840,265 · end of year $11,684,675

• 11 · Investments: publicly traded securities

  beginning of year $392,443,615 · end of year $430,149,478

• 12 · Investments: other securities

  beginning of year $120,601,572 · end of year $118,158,020

• 17 · Accounts payable and accrued expenses

  beginning of year $356,357 · end of year $335,651

• 18 · Grants payable

  beginning of year $21,081,477 · end of year $48,393,069

• 27 · Net assets without donor restrictions

  beginning of year $529,149,429 · end of year $530,153,566

The filer's explanations (Part III)

PART I, LINE 1A

CHIEF OPERATING OFFICER- THE WELD TRUST PAID $1,100 IN ANNUAL MEMBERSHIP DUES TO THE GREELEY ROTARY CLUB. CHIEF ADMINISTRATIVE OFFICER- THE WELD TRUST PAID $1,100 IN ANNUAL MEMBERSHIP DUES TO THE GREELEY ROTARY CLUB AND $423.30 IN ANNUAL DUES TO THE COLORADO BAR ASSOCIATION. CHIEF FINANCIAL OFFICER- THE WELD TRUST PAID $429 IN ANNUAL MEMBERSHIP DUES TO THE COLORADO SOCIETY OF CPAS. THESE AMOUNTS WERE NOT INCLUDED IN THEIR TAXABLE INCOME.

PART I, LINE 1B

THE FEES PAID FOR THE SOCIAL CLUBS' DUES WERE NEGOTIATED BY THESE STAFF MEMBERS DURING THEIR HIRING PROCESSES.

PART I, LINE 4A

THE CHIEF FINANCIAL OFFICER RECEIVED $45,080.97 AS A SEVERANCE PAYMENT FOR ELIMINATION OF THE CFO POSITION.

PART I, LINE 7

THE CHIEF EXECUTIVE OFFICER PAID STAFF MEMBERS WITH ONE-TIME, NON-FIXED PAYMENTS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SHEEP DRAW FARMS LLC

  HOLDS TITLE TO FARM RENT INCOME · CO · income $18,697 · assets $5,786,414

  Directly controlled by THE WELD TRUST

• SOUTHSIDE INVESTMENTS LLC

  OWNS 662 ACRES OF VACANT LAND AND 1 HOUSE IN GREELEY · CO · income $270,901 · assets $4,930,825

  Directly controlled by THE WELD TRUST

• NORMEDCO CARE LLC

  OWNS FACILITY LEASED TO A FEDERALLY QUALIFIED HEALTH CENTER FOR $1 PER YEAR · CO · income -$4,807,615 · assets $820,446

  Directly controlled by THE WELD TRUST