CANVAS FOUNDATION

EIN: 811755475 501(c)(3) Philanthropy & Grantmaking

LONE TREE, CO

Total Revenue
$226,442
Total Expenses
$189,155
Total Assets
$393,183
Net Assets
$376,819
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CO
Principal Officer
MALCOLM JOHNSON
Phone
8778295500
Tax Period
2023-01-01 to 2023-12-31

CANVAS FOUNDATION, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $226K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $37K, a strong 16% operating margin.

Mission

CANVAS FOUNDATION'S MISSION IS TO SHARE OUR HEARTS WITH OUR COMMUNITIES THROUGH A FOCUS ON SCHOOLS, FAMILIES, MILITARY, AND FIRST RESPONDERS. OUR GOAL IS TO SUPPORT AND NURTURE THESE CRITICAL AREAS IN ORDER TO MAKE A LASTING FOOTPRINT IN OUR COMMUNITIES. THE FOUNDATION WILL OFFER SCHOLARSHIPS TO STUDENTS TO HELP THEM FURTHER THEIR EDUCATION AND COMMUNITY GRANTS TO LOCAL SCHOOLS AND NON-PROFIT ORGANIZATIONS WHO HAVE DEMONSTRATED CHARACTER, LEADERSHIP AND ETHICAL VALUES. THE FOUNDATION WILL ALSO PROVIDE OTHER CHARITABLE ACTIVITIES AND PROGRAMS THAT REFLECT THE INTERESTS OF THE COMMUNITIES WE SERVE. THESE FUNDS ARE INTENDED TO CREATE LONG-TERM RELATIONSHIPS BETWEEN CANVAS FOUNDATION AND THE RECIPIENTS, WHO WE HOPE WILL CONTINUE TO HELP US CONTINUE TO PROMOTE OUR FOCUS ON SCHOOLS, FAMILIES, MILITARY, AND FIRST RESPONDERS IN OUR SURROUNDING COMMUNITIES.

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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 $183,283
Program Service Revenue $0
Investment Income $392
Other Revenue $42,767
TOTAL REVENUE $226,442

Expense Breakdown

Grants Paid $189,155
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $189,155
Other Expenses $0
TOTAL EXPENSES $189,155

Year-over-Year Comparison

2023 2022 Change
Revenue $226,442 $297,111 -0.2%
Expenses $189,155 $260,412 -0.3%
Net Income $37,287 $36,699 +0.0%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MALCOLM JOHNSON CHAIRMAN 1.00
Director
$0 $0 $0
STEVE FERRERO VICE CHAIRMAN 1.00
Director
$0 $0 $0
BEN GREIVING SECRETARY 1.00
Director
$0 $0 $0
COLLEEN KNOLL TREASURER 1.00
Director
$0 $0 $0
CHRIS MYKLEBUST DIRECTOR 1.00
Director
$0 $0 $0
BEN METZGER DIRECTOR 1.00
Director
$0 $0 $0
LAURA BLACK DIRECTOR 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 $226,442 $189,155 $393,183 $37,287
2022 $297,111 $260,412 $339,532 $36,699
2021 $229,065 $177,000 $302,833 $52,065
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