COMMUNITY FOUNDATION SERVING SOUTHWEST COLORADO

EIN: 841474900 501(c)(3) Philanthropy & Grantmaking

DURANGO, CO

Total Revenue
$6,139,653
Total Expenses
$5,762,323
Total Assets
$13,702,532
Net Assets
$9,035,222
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Financial Trends

Organization Details

Formation Year
1998
Phone
9703755807
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY FOUNDATION SERVING SOUTHWEST COLORADO, founded in 1998, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.1M in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $5.8M left a modest 6% surplus.

Mission

To develop and increase charitable giving that connects donors to community needs in Southwest Colorado and to support the nonprofit sector through granting and educational opportunities.

Program Service Accomplishments

Program 1
Expenses: $4,215,943

Nonprofit Support - The Community Foundation is committed to maximizing the full potential of our region's nonprofits and bolstering the vibrancy of Southwest Colorado. We invest and manage...

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Nonprofit Support - The Community Foundation is committed to maximizing the full potential of our region's nonprofits and bolstering the vibrancy of Southwest Colorado. We invest and manage contributions in the five counties we serve: Archuleta, Dolores, La Plata, Montezuma, and San Juan. We facilitate effective grantmaking for donors to ensure our region is a great place to live, work, learn, and play. In addition, the Community Foundation provides local, affordable professional development workshops and learning opportunities for nonprofit organizations in our region. We work closely with our nonprofit community to identify needs and find experienced professionals to offer hands-on training to increase capacity. Our organization feels strongly that the more effective the nonprofit sector is, the better investment it is for our philanthropists.

Program 2
Expenses: $786,039

FISCAL PROGRAMS - The Community Foundation administers fiscal sponsorship relationships with approximately ten charitable organizations or projects that do not have their own 501c3 tax-exempt status...

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FISCAL PROGRAMS - The Community Foundation administers fiscal sponsorship relationships with approximately ten charitable organizations or projects that do not have their own 501c3 tax-exempt status. We extend our charitable umbrella over select projects whose missions closely match our own in order to catalyze their work for the benefit of our community. Fiscal sponsorship is an efficient, economic way to reduce the cost of running a project while maintaining the integrity of the projects purpose. There are significant benefits and cost savings for projects to utilize the Community Foundation for certain activities, such as donation management, accounting, bookkeeping, insurance, and banking. (Current fiscal projects include Bear Smart, Caf au Play, Cancer Coalition of Southwest Colorado, Durango Derailers, Early Childhood Council of Archuleta County, Earth Day Durango, Give a Dam, Sail Durango, and The Community Treehouse.)

Program 3

Events - The Community Foundation hosts events for various purposes, including (1) grantmaking, (2) fundraising, and (3) community awareness. (1) The 19th Hole Concerts are a grant opportunity for...

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Events - The Community Foundation hosts events for various purposes, including (1) grantmaking, (2) fundraising, and (3) community awareness. (1) The 19th Hole Concerts are a grant opportunity for nonprofits in Archuleta County. Selected nonprofits practice vital skills, such as grant writing, marketing, and event logistics. Through these popular concerts, the nonprofit grantees share their important work with the community and earn much-needed grant funds. (2) The Community Foundations largest fundraising event is the Durango Wine Experience, where we host wine vendors from around the world and produce a fun, shoulder-season festival each spring. Since we prioritize nonprofit support in all our projects, we ensure Wine Experience attendees get both a taste of wine and a taste of the impactful work that the Community Foundation and other local nonprofits accomplish. (3) The Community Foundation created the Making a Difference Speaker Series to align with our core values. We commit to annually bringing in nationally known speakers to talk about their philanthropic endeavors, prompting community awareness, conversations, and actions around significant, timely topics. (Related fundraising amounts from our events are reported on Schedule G.)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,308,784
Program Service Revenue $0
Investment Income $294,347
Other Revenue $536,522
TOTAL REVENUE $6,139,653

Expense Breakdown

Grants Paid $4,710,466
Salaries & Benefits $416,868
Fundraising Expenses $311,606
Program Expenses $5,001,982
Other Expenses $634,989
TOTAL EXPENSES $5,762,323

Year-over-Year Comparison

2023 2022 Change
Revenue $6,139,653 $3,623,709 +0.7%
Expenses $5,762,323 $2,812,434 +1.0%
Net Income $377,330 $811,275 -0.5%
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
11
Independent Members
11
Employees
20
Volunteers
N/A

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
5
$110,197
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIGGEN WRINKLE Executive Dir. 40.00
Officer
$98,197 $12,000 $110,197
JOHN ARMS President 5.00
Officer Director
$0 $0 $0
MOLLY MARTIN Vice President 5.00
Officer Director
$0 $0 $0
MARTHA MINOT Secretary 5.00
Officer Director
$0 $0 $0
HOLLY ASHER BOARD MEMBER 5.00
Director
$0 $0 $0
NICOLE BONN BOARD MEMBER 5.00
Director
$0 $0 $0
KIM EISNER BOARD MEMBER 5.00
Director
$0 $0 $0
LAURIE MEININGER BOARD MEMBER 5.00
Director
$0 $0 $0
CHERYL NIXON BOARD MEMBER 5.00
Director
$0 $0 $0
TRENT PORTER BOARD MEMBER 5.00
Director
$0 $0 $0
KAREN THOMPSON BOARD MEMBER 5.00
Director
$0 $0 $0
DAVID SMILEY Treasurer 5.00
Officer 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 $6,139,653 $5,762,323 $13,702,532 $377,330
2022 $3,623,709 $2,812,434 $14,351,017 $811,275
2021 $6,509,684 $4,874,167 $10,384,796 $1,635,517
2020 $3,877,808 $3,292,495 $7,354,120 $585,313
2019 $2,493,596 $2,005,994 $6,509,199 $487,602
2018 $3,200,312 $2,400,427 $5,110,638 $799,885
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