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Nonprofiteer
← PINNACOL FOUNDATION

Form 990 for tax year 2023

Filed by PINNACOL FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 10 January 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$503,705 changed to $511,460
Total expenses
$376,870 changed to $384,625
Other revenue
$4,583 changed to $12,338
Fundraising expenses
$22,809 changed to $30,564

Totals

Total revenue
$511,460
Total expenses
$384,625
Contributions and grants received
$446,208
Grants paid
$331,795
Program service revenue
$0
Investment income
$52,914
Other revenue
$12,338
Total assets, end of year
$1,250,784
Total liabilities, end of year
$190,036
Net assets or fund balances, end of year
$1,060,748
Program services expenses (Part IX)
$334,891
Management and general expenses
$19,170
Fundraising expenses
$30,564
Program service expenses (Part III)
$334,891

Program services were 87.1% 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

    $253,000

  • 1f · All other contributions, gifts and grants

    $193,208

  • 1g · Noncash contributions included above

    $23,003

  • 3 · Investment income

    total $52,914 · excluded $52,914

  • 8a · Fundraising events: gross income

    $120,615

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

    $253,000

  • 8b · Fundraising events: direct expenses

    $165,727

  • 8c · Net income from fundraising events

    total -$45,112 · excluded -$45,112

  • 11a · Other revenue: SALE DONATED EQUIPMENT

    total $57,450 · excluded $57,450

  • 11e · Other revenue, total

    $57,450

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $331,795 · program services $331,795

  • 11c · Fees: accounting

    total $10,950 · management and general $10,950

  • 11e · Fees: professional fundraising services

    total $7,755 · fundraising $7,755

  • 11g · Fees: other

    total $1,045 · fundraising $1,045

  • 13 · Office expenses

    total $6,982 · management and general $6,937 · fundraising $45

  • 14 · Information technology

    total $6,201 · program services $2,596 · management and general $30 · fundraising $3,575

  • 23 · Insurance

    total $779 · management and general $779

  • 24a · Other expenses: FUNDRAISING INCENTIVES

    total $17,650 · fundraising $17,650

  • 24b · Other expenses: ALL OTHER

    total $1,468 · program services $500 · management and general $474 · fundraising $494

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $916,180

  • 2 · Savings and temporary cash investments

    beginning of year $527,562 · end of year $1,204,008

  • 3 · Pledges and grants receivable

    beginning of year $7,500 · end of year $22,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,306 · end of year $17,716

  • 15 · Other assets

    beginning of year $11,657 · end of year $6,560

  • 17 · Accounts payable and accrued expenses

    beginning of year $103,212

  • 18 · Grants payable

    beginning of year $433,080 · end of year $184,236

  • 19 · Deferred revenue

    end of year $5,800

  • 27 · Net assets without donor restrictions

    beginning of year $933,913 · end of year $1,045,948

  • 28 · Net assets with donor restrictions

    end of year $14,800

Mission and programs · 2023

Mission

TO PROVIDE SCHOLARSHIPS TO THE CHILDREN OF COLORADO WORKERS WHO ARE FATALLY OR PERMANENTLY INJURED IN A COMPENSABLE WORK RELATED ACCIDENT OR ILLNESS.

  • THE FOUNDATION WAS LAUNCHED IN 2001 TO AWARD SCHOLARSHIPS TO CHILDREN OF COLORADO WORKERS SERIOUSLY INJURED OR KILLED IN A COMPENSABLE WORK-RELATED ACCIDENT OR ILLNESS. SCHOLARSHIPS AVERAGE 2,900 PER YEAR PER STUDENT AND MAY ONLY BE USED FOR THE COSTS OF ATTENDING SCHOOL AT ACCREDITED COLLEGES, UNIVERSITIES, COMMUNITY COLLEGES, AND VOCATIONAL SCHOOLS. IN FISCAL 2023-24, THE ORGANIZATION PROVIDED SCHOLARSHIPS TO 114 STUDENTS ATTENDING 59 DIFFERENT COLLEGES AND UNIVERSITIES.

    Expenses $334,891 · Grants $331,795

As filed on the 2023 return.

Listed in Part VII

  • Mara Held

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

  • Wes Parham

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Luke McFarland

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Alicia Allen

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tim Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Howard Carver

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Gifford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John O'Donnell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Neppel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Krista O'Rourke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sean Pechan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Ruegsegger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Theresa Craddock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andy Rugg

    BOARD MEMBER

    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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 February 2025
IRS schema version
2023v6.0
Source object
202530459349301203

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