Civic Intelligence

Presbyterian Foundation of Boulder

990 • Fiscal year 2022 • EIN 26-3506082

Jan 01, 2022 to Dec 31, 2022 • Filed on May 15, 2023

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

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

64th percentile

0.18x

Higher debt load relative to revenue than 64% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

90th percentile

54%

Higher net margin than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

79th percentile

23%

Faster asset growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

331%

Faster revenue growth than 97% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,833,763

Up $343,723 (+23%) from 2021

Net Assets

Up

$1,688,268

Up $198,838 (+13%) from 2021

Liabilities

Up

$145,495

Up $144,885 (+23752%) from 2021

Revenue

Up

$825,957

Up $634,291 (+331%) from 2021

Expenses

Up

$383,075

Up $331,602 (+644%) from 2021

Net Income

Up

$442,882

Up $302,689 (+216%) from 2021

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

2022

Assets$1,833,763
Liabilities$145,495
Net Assets$1,688,268

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

2022

Revenue$825,957
Expenses$383,075
Net Income$442,882
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$825,957
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
Investments in Publicly Traded Securities$273,994$738,350▲ $464,356
Savings and Temporary Cash Investments$316,278$315,375▼ $903
Cash and Non-Interest-Bearing Accounts$6,261$161,285▲ $155,024
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$1,490,040$1,833,763▲ $343,723
Other Assets Total$892,911$618,157▼ $274,754
Liabilities
Grants Payable-$145,000-
Accounts Payable and Accrued Expenses$610$495▼ $115
Total Liabilities$610$145,495▲ $144,885
Net Assets / Fund Balance
Net Assets With Donor Restrictions$461,884$1,133,751▲ $671,867
Net Assets Without Donor Restrictions$1,027,546$554,517▼ $473,029
Total Net Assets Fund Balance$1,489,430$1,688,268▲ $198,838
Total Liabilities and Net Assets / Fund Balance$1,490,040$1,833,763▲ $343,723

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$773$773
Other Assets Org$182,531--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$213,111$5,000▼ $24,519$11,061$182,531
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
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$766,510
Program Service Revenue
$0
Investment Income
$42,205
Other Revenue
$17,242
All Other Contributions
$28,160
Change in Net Assets
$442,882

Audited Revenue Reconciliation

Revenue per Audited Statements
$825,957
Revenue Not Reported on Form 990
$-244,044
Total Revenue per Audited Statements
$581,913
Total Revenue per Form 990
$825,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$328,112
Other Expenses$54,963
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$328,112--$328,112
Fees for Services Management-$17,242-$17,242
Fees for Services Accounting-$7,108-$7,108
All Other Expenses-$2,587-$2,587
Other Expenses-$2,350-$2,350
Insurance-$954-$954
Office Expenses-$200-$200
Total Functional Expenses$328,112$54,963$0$383,075

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$383,075
Total Expenses per Audited Statements$383,075
Total Expenses per Form 990$383,075
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grace Commons ChurchBoulder, CO-Financial Assistance$318,112
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, Section B, Line 11B

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

Form 990, Part VI, Section C, Line 19

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
Greg Parr
Title
Treasurer
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Middlemist Crouch & Co CPA 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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0128810
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt013200
IRS990/PYInvestmentIncomeAmt049417
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt038273
IRS990/PYOtherRevenueAmt013439
IRS990/PYRevenuesLessExpensesAmt0140193
IRS990/PYTotalExpensesAmt051473
IRS990/PYTotalRevenueAmt0191666
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0442882
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0738350
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0316278
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0315375
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
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
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0840427130
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0316112
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GRACE COMMONS CHURCH
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0316112
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0213111
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt05000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0182531
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-24519
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt011061
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0213221
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02525
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0213111
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022484
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt025119
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0204454
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0213221
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt021227
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt013460
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0181656
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0204454
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt036459
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt013661
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0207897
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0181656
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-12309
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt013932
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0435626
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0383075
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-244044
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0435626
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1182531
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENTS - DONOR ADVISED FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INVESTMENTS - ENDOWMENT
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0773
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0773
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0-244044
IRS990ScheduleD/RevenueSubtotalAmt0825957
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/TotalBookValueOtherAssetsAmt0618157
IRS990ScheduleD/TotalExpensesPerForm990Amt0383075
IRS990ScheduleD/TotalRevenuePerForm990Amt0825957
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0581913
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0383075
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0318112
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GRACE COMMONS CHURCH
IRS990ScheduleI/RecipientTable/RecipientEIN0840427130
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01820 15TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BOULDER
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd080302
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
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, Section B, Line 11b

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