PHILANTHROPY COLORADO

EIN: 710947313 501(c)(3) Philanthropy & Grantmaking

ARVADA, CO

Total Revenue
$921,485
Total Expenses
$806,289
Total Assets
$1,255,109
Net Assets
$1,039,955
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CO
Principal Officer
NOAH ATENCIO
Phone
7208427209
Tax Period
2023-01-01 to 2023-12-31

PHILANTHROPY COLORADO, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $921K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $806K left a modest 13% surplus.

Mission

PHILANTHROPY COLORADO IS A NONPROFIT MEMBERSHIP ASSOCIATION FOR GRANTMAKERS THROUGHOUT THE STATE. ITS MISSION IS STRENGTHEN COLORADO COMMUNITIES BY BRINGING PEOPLE, INFORMATION AND RESOURCES TOGETHER.

Program Service Accomplishments

Program 1
Expenses: $653,545 Revenue: $374,521

We hosted 32 member programs and 46 peer network convenings in 2023, not including Rural Funder Learning Network Advisory Meetings, Foundations on the Hill, Equity Committee and Public Policy...

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We hosted 32 member programs and 46 peer network convenings in 2023, not including Rural Funder Learning Network Advisory Meetings, Foundations on the Hill, Equity Committee and Public Policy Committee meetings, and various Board And committee/subcommittee meetings held throughout the year. we brought members together almost 125 times in different ways and different formats DURING THE YEAR.Our new registration system requiring/encouraging members to register for peer network meetings (in addition to in-person and online member programs) yielded valuable new data on member engagement. Highlights include:96 member organizations have staff (or trustees) who registered to attend peer network meetings (80% of members)87 member organizations have staff (or trustees) who have attended learning programs (72% of members)36 member organizations have staff serving in volunteer leadership positions within Philanthropy Colorado (30% of members)After conducting pulse polls at the end of each online 2022 program to avoid more survey fatigue, the team decided to return to our practice of conducting follow-up evaluations and surveys for major 2023 programs and briefings so that we have more data and feedback. Team members have been assigned to review this process and develop a new system for tracking and evaluating feedback as we plan future programs and consider new ways of reporting.Various team members have also held focus groups or one-on-one conversations to gather anecdotal feedback on current and future programs. We find our most enthusiastic and positive feedback comes in person, via email or via chat versus surveys. Our overall approach to programming continues to ensure that we offer at least one quarterly program of interest to the broader membership, with many other additional programs added throughout the year based on demand and opportunities for elevating new issues and trends. A new boot camp series was well received and drew a large number of new foundation staff receiving a certificate of completion, with the majority of Philanthropy Colorados board serving as presenters throughout the series. A full-day member convening and other programs tackled major crises of our time (democracy, climate, racial equity, gun violence) and the intersections with philanthropys long-time focus areas. We plan to continue to examine these overlapping themes and philanthropys role in addressing them.Our peer networks (listed at the end of this summary) offer members a regular opportunity (either quarterly or every other month) to meet around issues, practices and roles for joint learning, networking and potential collaboration.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $534,007
Program Service Revenue $374,521
Investment Income $9,748
Other Revenue $3,209
TOTAL REVENUE $921,485

Expense Breakdown

Grants Paid $0
Salaries & Benefits $555,281
Fundraising Expenses $7,390
Program Expenses $653,545
Other Expenses $251,008
TOTAL EXPENSES $806,289

Year-over-Year Comparison

2023 2022 Change
Revenue $921,485 $693,444 +0.3%
Expenses $806,289 $720,742 +0.1%
Net Income $115,196 $-27,298 -5.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
12
Independent Members
12
Employees
5
Volunteers
153

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$158,239
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANNE KELLEY CEO 40.00
Officer
$135,492 $22,747 $158,239
GARY STEUER BOARD CHAIR 2.00
Officer Director
$0 $0 $0
KATIE KRAMER board member 1.00
Director
$0 $0 $0
TARIANA NAVAS-NIEVES BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MEGAN LEDIN board member 1.00
Director
$0 $0 $0
KRISTI PETRIE Treasurer 1.00
Officer Director
$0 $0 $0
LADAWN SULLIVAN Secretary 1.00
Officer Director
$0 $0 $0
RENEE FERRUFINO VICE CHAIR 1.00
Officer Director
$0 $0 $0
ELLEN SANDBERG board member 1.00
Director
$0 $0 $0
TATIANA HERNANDEZ board member 1.00
Director
$0 $0 $0
RAYMAEL BLACKWELL board member 1.00
Director
$0 $0 $0
MORRIS PRICE board member 1.00
Director
$0 $0 $0
JOY SULLIVAN board member 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $921,485 $806,289 $1,255,109 $115,196
2022 $693,444 $720,742 $1,081,187 $-27,298
2021 $954,942 $573,479 $1,084,843 $381,463
2020 $542,377 $411,458 $707,851 $130,919
2018 $498,343 $376,865 $619,914 $121,478
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