Rose Community Foundation

EIN: 840920862 501(c)(3) Philanthropy & Grantmaking

Denver, CO

Total Revenue
$42,222,956
Total Expenses
$36,966,431
Total Assets
$386,893,743
Net Assets
$310,018,925
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
CO
Principal Officer
Gretchen Lenamond
Phone
3033987400
Tax Period
2023-01-01 to 2023-12-31

Rose Community Foundation, founded in 1995, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $42.2M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $37.0M left a modest 12% surplus.

Mission

Rose Community Foundation strives to advance inclusive, engaged and equitable Greater Denver communities through values-driven philanthropy. The Foundation envisions a thriving region strengthened by its diversity and generosity, and it utilizes the varied tools at its disposal grantmaking, advocacy and philanthropic services to advance this aspiration. Since its founding in 1995, the Foundation has granted more than $405 million to over 2,000 organizations and initiatives, including $74 million in facilitated grantmaking from donor-advised funds. The Foundation also supports nearly 100 nonprofit organizations in creating and growing endowments to sustain their vital work into the future, currently stewarding $73 million in endowed assets. The Foundation has $396 million in total assets under management and deployed more than $30 million in discretionary, restricted and donor-advised grants in 2023.

Program Service Accomplishments

Program 1
Expenses: $32,393,928 Revenue: $647,529

Donor Development: Donor-advised fundholders contributed $6.8 million to their funds at the Foundation. Philanthropy is most powerful when it is rooted in a donor's values and connects generosity to...

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Donor Development: Donor-advised fundholders contributed $6.8 million to their funds at the Foundation. Philanthropy is most powerful when it is rooted in a donor's values and connects generosity to community needs. Rose Community Foundation is committed to supporting our donors and fundholders in meaningful, purposeful philanthropic giving.Fund Distributions: Donor-advised fundholders recommended grants totaling $8.5 million to a broad range of community interests. The Foundation's philanthropy advisors help donors articulate values, narrow their philanthropic focus and identify goals and the impact they want to make through giving, as well as facilitate giving circles. Endowment Services: The Foundation received $4.5 million in contributions for new and existing permanent endowment and designated funds for local nonprofit organizations. Our Endowment Building Pathways are designed to give nonprofit staff and board members the training and support to integrate endowment building and legacy giving into their development work and incentives to help launch or grow an endowment fund.

Program 2

Grantmaking: The Foundation distributed $12.4 million in discretionary grantmaking directed by Rose Community Foundation staff, committees and trustees. Grantmaking cycles included a focus on...

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Grantmaking: The Foundation distributed $12.4 million in discretionary grantmaking directed by Rose Community Foundation staff, committees and trustees. Grantmaking cycles included a focus on supporting Jewish life in the region, advancing equitable economic opportunity, supporting social-emotional learning in schools, investing in the policy and advocacy ecosystem that advances inclusive, engaged and equitable Greater Denver communities, supporting immigrants and refugees and more.

Program 3

Initiatives: Rose Community Foundation partnered with the city of Denver, state of Colorado and peer foundations to launch the Newcomers Fund which provides grants to local nonprofits that are...

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Initiatives: Rose Community Foundation partnered with the city of Denver, state of Colorado and peer foundations to launch the Newcomers Fund which provides grants to local nonprofits that are providing services to new immigrants arriving from Central and South America. Grantmaking from that fund deployed $1.2 million to local nonprofits. At the end of 2022, the Foundation was selected by the State of Colorado to house the Refugee Integration Fund, and through the end of 2023, over $8 million was committed to local nonprofits serving eligible refugee populations. Additionally, the Foundation is the fiscal sponsor for the Colorado Media Project, which deployed grantmaking in support of local journalism.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $40,538,438
Program Service Revenue $647,529
Investment Income $974,983
Other Revenue $62,006
TOTAL REVENUE $42,222,956

Expense Breakdown

Grants Paid $28,540,987
Salaries & Benefits $3,750,294
Fundraising Expenses $1,972,000
Program Expenses $32,393,928
Other Expenses $4,675,150
TOTAL EXPENSES $36,966,431

Year-over-Year Comparison

2023 2022 Change
Revenue $42,222,956 $37,727,275 +0.1%
Expenses $36,966,431 $32,039,447 +0.2%
Net Income $5,256,525 $5,687,828 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
32
Volunteers
63

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
$612,664
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa Robinson Board Chair 1.00
Officer Director
$0 $0 $0
Marti Awad Chair-elect 1.00
Officer Director
$0 $0 $0
Seve Cohen Past Chair 1.00
Officer Director
$0 $0 $0
Barry Curtiss-Lusher Board Member 1.00
Director
$0 $0 $0
Janine Davidson PHD Board Member 1.00
Director
$0 $0 $0
Josh Dinar Board Member 1.00
Director
$0 $0 $0
Brad Kornfeld Board Member 1.00
Director
$0 $0 $0
Steve Kris Board Member 1.00
Director
$0 $0 $0
Kathy Neustadt Board Member 1.00
Director
$0 $0 $0
Morris Price Secretary 1.00
Officer Director
$0 $0 $0
Lorii Rabinowitz Board Member 1.00
Director
$0 $0 $0
Daniel Ramos Board Member 1.00
Director
$0 $0 $0
Jeannie Ritter Board Member 1.00
Director
$0 $0 $0
Julie Selsberg Board Member 1.00
Director
$0 $0 $0
Michael Touff Board Member 1.00
Director
$0 $0 $0
Paul Washington Board Member 1.00
Director
$0 $0 $0
Brian Wilkinson Board Member 1.00
Director
$0 $0 $0
Lindy Lent President & CEO 40.00
Officer
$341,438 $33,854 $375,292
Gretchen Lenamond Chief Financial Officer 40.00
Officer
$208,395 $28,977 $237,372
Sarah Indyk VP of Philanthropic Servic 40.00
Highest
$169,568 $22,081 $191,649
Sarah Kurz VP of Community Impact 40.00
Highest
$164,683 $22,082 $186,765
Christiano Sosa VP of Community Impact 40.00
Highest
$157,280 $13,485 $170,765
Mary Haynes Director of Talent and Administration 40.00
Highest
$117,197 $0 $117,197
Kelli Rojas VP of Operations 40.00
Highest
$103,623 $0 $103,623
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 $42,222,956 $36,966,431 $386,893,743 $5,256,525
2022 $37,727,275 $32,039,447 $352,590,863 $5,687,828
2021 $38,177,508 $24,938,163 $394,824,273 $13,239,345
2020 $15,145,306 $26,606,821 $325,610,267 $-11,461,515
2019 $19,047,360 $34,196,612 $306,490,409 $-15,149,252
2018 $228,863,706 $32,531,202 $293,466,672 $196,332,504
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