Civic Intelligence

Presbyterian Foundation of Boulder

990 • Fiscal year 2021 • EIN 26-3506082

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 15, 2022

PO Box 1572Boulder, CO 80306

(720) 295-3651

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

94th percentile

73%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

43rd percentile

6.0%

Faster asset growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

81st percentile

64%

Faster revenue growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,490,040

Up $83,812 (+6.0%) from 2020

Net Assets

Up

$1,489,430

Up $235,086 (+19%) from 2020

Liabilities

Down

$610

Down $151,274 (-100%) from 2020

Revenue

Up

$191,666

Up $74,591 (+64%) from 2020

Expenses

Up

$51,473

Up $14,247 (+38%) from 2020

Net Income

Up

$140,193

Up $60,344 (+76%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2019: $1,415,540Liabilities 2019: $321,822Net Assets 2019: $1,093,7182019Assets 2020: $1,406,228Liabilities 2020: $151,884Net Assets 2020: $1,254,3442020Assets 2021: $1,490,040Liabilities 2021: $610Net Assets 2021: $1,489,4302021Assets 2022: $1,833,763Liabilities 2022: $145,495Net Assets 2022: $1,688,2682022Assets 2023: $1,994,211Liabilities 2023: $653Net Assets 2023: $1,993,5582023Assets 2024: $2,036,206Liabilities 2024: $1,614Net Assets 2024: $2,034,5922024Assets 2025: $2,091,574Liabilities 2025: $1,771Net Assets 2025: $2,089,8032025

Highlighted filing

2021

Assets$1,490,040
Liabilities$610
Net Assets$1,489,430

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2019: $304,935Expenses 2019: $38,605Net Income 2019: $266,3302019Revenue 2020: $117,075Expenses 2020: $37,226Net Income 2020: $79,8492020Revenue 2021: $191,666Expenses 2021: $51,473Net Income 2021: $140,1932021Revenue 2022: $825,957Expenses 2022: $383,075Net Income 2022: $442,8822022Revenue 2023: $252,292Expenses 2023: $77,101Net Income 2023: $175,1912023Revenue 2024: $213,489Expenses 2024: $255,070Net Income 2024: -$41,5812024Revenue 2025: $170,467Expenses 2025: $260,118Net Income 2025: -$89,6512025

Highlighted filing

2021

Revenue$191,666
Expenses$51,473
Net Income$140,193
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 15, 2022
Return Version
2021v4.0
Gross Receipts
$1,284,102
Mission and Program Overview

Mission

The mission of grace commons foundation is to build an endowment in partnership with grace commons church to serve god's kingdom and advance the gospel and work of jesus christ. Its vision is to encourage, support, and facilitate growth of the christian faith locally and across the world through the purposeful generosity of god's people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$174,276$316,278▲ $142,002
Investments in Publicly Traded Securities$200,930$273,994▲ $73,064
Cash and Non-Interest-Bearing Accounts$12,733$6,261▼ $6,472
Prepaid Expenses and Deferred Charges$596$596→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,406,228$1,490,040▲ $83,812
Other Assets Total$1,017,693$892,911▼ $124,782
Liabilities
Other Liabilities$150,656--
Accounts Payable and Accrued Expenses$1,228$610▼ $618
Total Liabilities$151,884$610▼ $151,274
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$865,547$1,027,546▲ $161,999
Net Assets With Donor Restrictions$388,797$461,884▲ $73,087
Total Net Assets Fund Balance$1,254,344$1,489,430▲ $235,086
Total Liabilities and Net Assets / Fund Balance$1,406,228$1,490,040▲ $83,812

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$773$773
Other Assets Org$213,110--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$213,221$2,525▲ $22,484$25,119$213,111
2020$204,454$1,000▲ $21,227$13,460$213,221
2019$181,656-▲ $36,459$13,661$204,454
2018$207,897-▼ $12,309$13,932$181,656
2017$196,500-▲ $25,601$14,204$207,897
Compensation and Service Providers

Board Members and Trustees

NameTitle
Larry DreesChair
Greg ParrVice Chair
JP ClarkDirector
Kha LeDirector
Marilynne B TarrallDirector
Sandy BrackenDirector
Tony FischerDirector
Merry Lynne HamiltonSecretary
Terri EvansTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$128,810
Program Service Revenue
$0
Investment Income
$49,417
Other Revenue
$13,439
All Other Contributions
$10,720
Change in Net Assets
$140,193

Audited Revenue Reconciliation

Revenue per Audited Statements
$191,666
Revenue Not Reported on Form 990
$94,893
Total Revenue per Audited Statements
$286,559
Total Revenue per Form 990
$191,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,273
Grants and Similar Amounts Paid$13,200
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$13,439-$13,439
Grants to Domestic Orgs$13,200--$13,200
Fees for Services Accounting-$9,859-$9,859
All Other Expenses-$1,140-$1,140
Insurance-$954-$954
Other Expenses-$550-$550
Total Functional Expenses$13,200$38,273$0$51,473

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$51,473
Total Expenses per Audited Statements$51,473
Total Expenses per Form 990$51,473
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Board of Directors presented with draft of 990 before filing. All members must review and approve.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing docs, policies and finanacial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Grace Commons Foundation
EIN
26-3506082
Phone
7202953651
Address
PO BOX 1572, BOULDER, CO 80306

Signing Officer

Name
Terri Evans
Title
Treasurer
Signed
2022-02-15
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Middlemist Crouch & Co Cpas Pc
Address
2960 CENTER GREEN CT, BOULDER, CO 80301
Preparer
Catherine Middlemist CPA
Phone
3034494025
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The endowment funds are used to respond to program grant requests at the discretion of the board of directors.

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IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportInvestmentsOtherSecInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0316278
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IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0All of the activities of Grace Commons Foundation furthered the exempt purposes of Grace Commons Church. The Foundation changed its name to support the new name of Grace Commons Church and the Foundations mission, vision, processes and all communication materials were aligned to support Grace Commons Church. There were no substantial activities beyond these.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The supported organization would have engaged in these activities itself, if the organization had not been involved in these activities. These activities created the base for growing the funding of the Foundation that would benefit the supported organization.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section E, Line 2b: Reasons For The Organization's Position
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GRACE COMMONS CHURCH
IRS990ScheduleA/SupportingOrganization509a3Ind0X
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IRS990ScheduleA/SupportSumAmt02500
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02525
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IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt025119
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0204454
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0181656
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0196500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0207897
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt025601
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt014204
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt051473
IRS990ScheduleD/NetUnrealizedGainsInvstAmt094893
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0679801
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1213110
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Beneficial interest held for GCC
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INVESTMENTS - DONOR ADVISED FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INVESTMENTS - ENDOWMENT
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0773
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0773
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt094893
IRS990ScheduleD/RevenueSubtotalAmt0191666
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE USED TO RESPOND TO PROGRAM GRANT REQUESTS AT THE DISCRETION OF THE BOARD OF DIRECTORS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0892911
IRS990ScheduleD/TotalExpensesPerForm990Amt051473
IRS990ScheduleD/TotalRevenuePerForm990Amt0191666
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0286559
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board of Directors presented with draft of 990 before filing. All members must review and approve.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCS, POLICIES AND FINANACIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false

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