Civic Intelligence

The Longmont Community Foundation

990 • Fiscal year 2018 • EIN 46-3894713

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

636 Coffman Street No 203Longmont, CO 80501

(303) 678-6555

Siviq Scores

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

Liabilities / Assets

31st percentile

0.07x

Higher debt load relative to assets than 31% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

60th percentile

0.36x

Higher debt load relative to revenue than 60% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

90th percentile

49%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

17th percentile

$78,876

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

40th percentile

-0.1%

Faster asset growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

39%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$13,111,172

Down $19,452 (-0.1%) from 2017

Net Assets

Up

$12,177,370

Up $108,808 (+0.9%) from 2017

Liabilities

Down

$933,802

Down $128,260 (-12%) from 2017

Revenue

Up

$2,625,809

Up $740,736 (+39%) from 2017

Expenses

Down

$1,348,450

Down $87,563 (-6.1%) from 2017

Net Income

Up

$1,277,359

Up $828,299 (+184%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2014: $8,318,625Liabilities 2014: $771,088Net Assets 2014: $7,547,5372014Assets 2015: $8,241,566Liabilities 2015: $779,626Net Assets 2015: $7,461,9402015Assets 2016: $11,420,623Liabilities 2016: $806,831Net Assets 2016: $10,613,7922016Assets 2017: $13,130,624Liabilities 2017: $1,062,062Net Assets 2017: $12,068,5622017Assets 2018: $13,111,172Liabilities 2018: $933,802Net Assets 2018: $12,177,3702018Assets 2019: $18,985,253Liabilities 2019: $5,601,704Net Assets 2019: $13,383,5492019Assets 2020: $21,004,174Liabilities 2020: $8,482,492Net Assets 2020: $12,521,6822020Assets 2021: $25,533,151Liabilities 2021: $10,418,651Net Assets 2021: $15,114,5002021Assets 2022: $22,262,235Liabilities 2022: $7,806,785Net Assets 2022: $14,455,4502022Assets 2023: $25,314,606Liabilities 2023: $8,519,070Net Assets 2023: $16,795,5362023Assets 2024: $27,194,596Liabilities 2024: $8,821,408Net Assets 2024: $18,373,1882024

Highlighted filing

2018

Assets$13,111,172
Liabilities$933,802
Net Assets$12,177,370

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2014: $8,208,765Expenses 2014: $324,059Net Income 2014: $7,884,7062014Revenue 2015: $1,269,488Expenses 2015: $1,143,084Net Income 2015: $126,4042015Revenue 2016: $4,175,486Expenses 2016: $1,025,590Net Income 2016: $3,149,8962016Revenue 2017: $1,885,073Expenses 2017: $1,436,013Net Income 2017: $449,0602017Revenue 2018: $2,625,809Expenses 2018: $1,348,450Net Income 2018: $1,277,3592018Revenue 2019: $3,841,391Expenses 2019: $3,389,037Net Income 2019: $452,3542019Revenue 2020: $2,504,716Expenses 2020: $4,664,330Net Income 2020: -$2,159,6142020Revenue 2021: $3,449,357Expenses 2021: $1,875,280Net Income 2021: $1,574,0772021Revenue 2022: $3,138,586Expenses 2022: $1,960,899Net Income 2022: $1,177,6872022Revenue 2023: $3,432,946Expenses 2023: $2,377,146Net Income 2023: $1,055,8002023Revenue 2024: $3,930,174Expenses 2024: $3,162,014Net Income 2024: $768,1602024

Highlighted filing

2018

Revenue$2,625,809
Expenses$1,348,450
Net Income$1,277,359
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$10,799,317
Mission and Program Overview

Mission

Improving life in the st. Vrain valley through philanthropy and charitable leadership

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,916,103$10,986,316▼ $929,787
Savings and Temporary Cash Investments$1,160,266$1,312,025▲ $151,759
Cash and Non-Interest-Bearing Accounts$29,791$810,315▲ $780,524
Prepaid Expenses and Deferred Charges$20,358$2,516▼ $17,842
Land, Buildings, and Equipment, Net$1,590--
Total Assets$13,130,624$13,111,172▼ $19,452
Other Assets Total$2,516$0▼ $2,516
Liabilities
Other Liabilities$1,047,491$924,128▼ $123,363
Accounts Payable and Accrued Expenses$14,571$9,674▼ $4,897
Total Liabilities$1,062,062$933,802▼ $128,260
Net Assets / Fund Balance
Unrestricted Net Assets$9,752,803$10,213,884▲ $461,081
Permanently Rstr Net Assets$2,315,759$1,963,486▼ $352,273
Total Net Assets Fund Balance$12,068,562$12,177,370▲ $108,808
Total Liabilities and Net Assets / Fund Balance$13,130,624$13,111,172▼ $19,452

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,242,028$8,069▼ $130,122-$1,963,489
2017$2,075,102$16,643▲ $305,809-$2,242,028
2016$2,103,149$13,484▲ $108,195-$2,075,102
2015$2,258,875$52,969▼ $33,192-$2,103,149
2014-$2,307,889▲ $107,053-$2,258,875
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eric HozempaExecutive DirectorFT$78,876$78,876

Board Members and Trustees

NameTitle
Matt ZavalaImmediate Past President
Dale BernardPresident
Monica BaldwinVice President
Brian LaartzTrustee
Eliberto MendozaTrustee
Jake Van KesselTrustee
Jan KanemotoTrustee
John CaldwellTrustee
Kristin M E KovalTrustee
Lynne HarknessTrustee
Roy WhiteTrustee
Sonia MarreroTrustee
Susan ShirleyTrustee
Virginia DutkinTrustee
Donald AlspaughSecretary
Sam NappTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,957,531
Program Service Revenue
$17,570
Investment Income
$650,708
Other Revenue
$0
All Other Contributions
$1,957,531
Change in Net Assets
$1,277,359

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded13$271,634Fair Market Value (FMV)
Total Noncash Contributions13$271,634-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,626,799
Revenue Not Reported on Financial Statements
$-990
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-990
Total Revenue per Audited Statements
$2,626,799
Total Revenue per Form 990
$2,625,809
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,005,581
Other Expenses$212,217
Salaries, Compensation, and Employee Benefits$130,652
Total Fundraising Expense$29,759
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$977,301--$977,301
Current Officers, Directors, Trustees, and Key Employees$59,157$7,888$11,831$78,876
Fees for Service Investment Mgmnt Fees$53,761--$53,761
Occupancy$29,246$3,900$5,849$38,995
Information Technology-$35,048-$35,048
Grants to Domestic Individuals$28,280--$28,280
Other Salaries and Wages$18,222$2,430$3,644$24,296
Other Employee Benefits$10,585$1,411$2,117$14,113
Fees for Services Accounting-$13,500-$13,500
Fees for Services Other-$8,937-$8,937
Payroll Taxes$6,614$882$1,323$8,819
Advertising$4,356$2,904-$7,260
Pension Plan Contributions$3,411$455$682$4,548
Travel$2,862$818$409$4,089
Other Expenses$712$285$1,852$2,849
All Other Expenses$1,473$491-$1,964
Office Expenses$1,297$371$185$1,853
Insurance$843$112$169$1,124
Depreciation Depletion-$600-$600
Total Functional Expenses$1,218,491$100,200$29,759$1,348,450

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,517,991
Expenses per Audited Statements$1,348,450
Total Expenses per Form 990$1,348,450
Expenses Not Reported on Form 990$1,169,541
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ucc Church of LongmontLongmont, CO501(c)(3)Program Support$216,147
Our CenterLongmont, CO501(c)(3)Program Support$76,182
St Vrain Historical SocietyLongmont, CO501(c)(3)Program Support$39,350
Tennyson Center for Children at Colorado Christian HomeDenver, CO501(c)(3)Program Support$25,000
University of Colorado FoundationBoulder, CO501(c)(3)Program Support$25,000
A WOMAN'S WORK INCLongmont, CO501(c)(3)Program Support$18,233
MOUNTAIN STATES CHILDREN'S HOMELongmont, CO501(c)(3)Program Support$17,170
Lifebridge Christian ChurchLongmont, CO501(c)(3)Program Support$15,500
American Red CrossDenver, CO501(c)(3)Program Support$15,000
Longmont Communisty Justice Partnership (dba Teaching Peace)Longmont, CO501(c)(3)Program Support$12,950
Red Cloud Indian SchoolPine Ridge, SD501(c)(3)Program Support$12,000
Skyline High SchoolLongmont, CO501(c)(3)Program Support$11,510
Longmont Meals on WheelsLongmont, CO501(c)(3)Program Support$11,300
Longs Peak United Methodist ChurchLongmont, CO501(c)(3)Program Support$11,136
EMMANUEL'S BREADCrestline, OH501(c)(3)Program Support$11,000
Intercambio De ComunidadesBoulder, CO501(c)(3)Program Support$10,960
First Congregational United Church of ChristsLongmont, CO501(c)(3)Program Support$10,030
The Inn Between of Longmont IncLongmont, CO501(c)(3)Program Support$10,015
Seeds of Hope Chariable TrustDenver, CO501(c)(3)Program Support$10,000
I Have a Dream Foundation of Boulder CountyBoulder, CO501(c)(3)Program Support$9,200
Able to SailLongmont, CO501(c)(3)Program Support$9,100
Hope - Homeless Outreach Providing EncouragementLongmont, CO501(c)(3)Program Support$8,950
Calvary Bible Evangelical Free ChurchBoulder, CO501(c)(3)Program Support$8,500
Attention IncBoulder, CO501(c)(3)Program Support$8,300
Alternatives for YouthNorthglenn, CO501(c)(3)Program Support$8,050
First United Methodist ChurchLongmont, CO501(c)(3)Program Support$8,000
Habitat for Humanity of St Vrain ValleyLongmont, CO-Program Supportprogram Support$7,650
OUR CHILDREN'S TRUSTEugene, OR501(c)(3)Program Support$7,587
Central Elementary SchoolLongmont, CO501(c)(3)Program Support$7,500
Nature HealsLongmont, CO501(c)(3)Program Support$7,500
Reach Out and Read ColoradoDenver, CO501(c)(3)Program Support$7,500
Safe Shelter of St Vrain ValleyLongmont, CO501(c)(3)Program Support$7,300
Colorado State UniversityFort Collins, CO501(c)(3)Program Support$7,250
Tlc Learning CenterLongmont, CO501(c)(3)Program Support$6,933
Crossroads SchoolLongmont, CO501(c)(3)Program Support$6,845
Ymca of Northern ColoradoLafayette, CO501(c)(3)Program Support$6,700
Boulder County Fair Livestock Show and RodeoLongmont, CO501(c)(3)Program Support$6,250
Junior Achievement - Rocky Mountain IncDenver, CO501(c)(3)Program Support$6,000
Commission to Every NationKerrville, TX501(c)(3)Program Support$5,750
Community Food Share IncLouisville, CO501(c)(3)Program Support$5,150
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Assets Held for Agency Funds$924,128
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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

A draft of the form 990 is provided to management and the trustees for their review. All questions and comments are communicated and resolved by the executive director prior to finalizing and filing the form.

Form 990, Part VI, Section B, Line 12C

The organization presents the policy to all trustees on an annual basis and monitors any conflicts throughout the year. Trustees excuse themselves from meetings if there is a potential conflict and this is documented in the meeting minutes.

Form 990, Part VI, Section B, Line 15

Compensation is researched by the executive committee annually with the use of salary surveys. The board then approves proposed compensation during approval of the annual budget.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and conflict of interest policy are available upon written request received at organization's office via postal mail or e-mail. Audited financial statements are available on the organization's website or upon written request received at organization's office via postal mail or e-mail.

Filing and Contact Details

Filer

Filer Name
The Longmont Community Foundation
EIN
46-3894713
Phone
3036786555
Address
636 COFFMAN STREET NO 203, LONGMONT, CO 80501

Signing Officer

Name
Eric Hozempa
Title
Executive Director
Phone
3036786555
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Hozempa
Formed
2013
Legal Domicile
Co
Voting Board Members
16
Independent Board Members
16
Employees
4
Volunteers
50

Preparer

Firm
Brock and Company Cpas Pc
Address
900 S MAIN STREET SUITE 200, LONGMONT, CO 80501
Preparer
Lee P Ackerman
Phone
3037762160
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The longmont community foundation has an audit committee to provide oversight of financial reporting processes and the selection of an independent external auditor. The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

For uncertain tax positions, the foundation uses a more-likely-than-not recognition criteria before and separate from the measurement of a tax position. The foundation recognizes the financial statement effects of a tax position when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. With respect to the foundation, this would primarily relate to the determination of unrelated business taxable income, and to the maintenance of its tax exempt status. Management has evaluated the policies and procedures that have been implemented to provide assurance that income is properly characterized and activities that jeopardize its tax exempt status are within limits established under existing tax code and regulations. Management has determined the effects of uncertain tax positions are not material to the foundation for recognition or disclosure in the accompanying financial statements and, accordingly, no income tax liability has been recorded for uncertain income tax positions in the accompanying financial statements. All income tax years are open for examination. The 2014 tax year is the initial tax year for the foundation. Additionally, penalties and interest may be assessed on income taxes that are delinquent.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on disposal of software -990.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Unrealized loss on investments 1,168,551. Loss on disposal of software 990.

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