Civic Intelligence

The Gabby Krause Foundation

990 • Fiscal year 2018 • EIN 47-0946567

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 03, 2019

Organization Profilewww.BagsofFun.org
7200 S Alton Way B130Centennial, CO 80112

(720) 476-3022

Siviq Scores

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

Liabilities / Assets

34th percentile

0.02x

Higher debt load relative to assets than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

30th percentile

0.03x

Higher debt load relative to revenue than 30% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

55th percentile

$73,720

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-5.5%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$883,931

Up $124,107 (+16%) from 2017

Net Assets

Up

$862,340

Up $117,692 (+16%) from 2017

Liabilities

Up

$21,591

Up $6,415 (+42%) from 2017

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin73rd percentile

Revenue

Down

$774,569

Down $45,360 (-5.5%) from 2017

Expenses

Up

$656,877

Up $18,992 (+3.0%) from 2017

Net Income

Down

$117,692

Down $64,352 (-35%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $260,031Liabilities 2011: $2,434Net Assets 2011: $257,5972011Assets 2012: $206,239Liabilities 2012: $166Net Assets 2012: $206,0732012Assets 2013: $194,112Liabilities 2013: $4,136Net Assets 2013: $189,9762013Assets 2014: $309,589Liabilities 2014: $4,523Net Assets 2014: $305,0662014Assets 2015: $438,432Liabilities 2015: $12,665Net Assets 2015: $425,7672015Assets 2016: $591,798Liabilities 2016: $12,867Net Assets 2016: $578,9312016Assets 2017: $759,824Liabilities 2017: $15,176Net Assets 2017: $744,6482017Assets 2018: $883,931Liabilities 2018: $21,591Net Assets 2018: $862,3402018Assets 2019: $1,031,191Liabilities 2019: $25,709Net Assets 2019: $1,005,4822019Assets 2020: $1,138,252Liabilities 2020: $27,039Net Assets 2020: $1,111,2132020Assets 2021: $1,373,957Liabilities 2021: $41,884Net Assets 2021: $1,332,0732021Assets 2022: $1,721,212Liabilities 2022: $345,514Net Assets 2022: $1,375,6982022Assets 2023: $1,483,362Liabilities 2023: $240,998Net Assets 2023: $1,242,3642023Assets 2024: $1,375,410Liabilities 2024: $113,183Net Assets 2024: $1,262,2272024Assets 2025: $1,332,156Liabilities 2025: $217,757Net Assets 2025: $1,114,3992025

Highlighted filing

2018

Assets$883,931
Liabilities$21,591
Net Assets$862,340
Open 2018 Filing

Operations Trend

Revenue Growth28th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $287,974Expenses 2011: $361,270Net Income 2011: -$73,2962011Revenue 2012: $314,004Expenses 2012: $371,191Net Income 2012: -$57,1872012Expenses 2013: $264,7852013Revenue 2014: $455,706Expenses 2014: $342,340Net Income 2014: $113,3662014Revenue 2015: $550,714Expenses 2015: $428,522Net Income 2015: $122,1922015Revenue 2016: $673,231Expenses 2016: $517,684Net Income 2016: $155,5472016Revenue 2017: $819,929Expenses 2017: $637,885Net Income 2017: $182,0442017Revenue 2018: $774,569Expenses 2018: $656,877Net Income 2018: $117,6922018Revenue 2019: $912,684Expenses 2019: $769,542Net Income 2019: $143,1422019Revenue 2020: $1,000,323Expenses 2020: $927,561Net Income 2020: $72,7622020Revenue 2021: $1,172,678Expenses 2021: $999,291Net Income 2021: $173,3872021Revenue 2022: $1,491,373Expenses 2022: $1,391,218Net Income 2022: $100,1552022Revenue 2023: $1,372,139Expenses 2023: $1,512,386Net Income 2023: -$140,2472023Revenue 2024: $1,629,647Expenses 2024: $1,656,447Net Income 2024: -$26,8002024Revenue 2025: $1,713,142Expenses 2025: $1,938,140Net Income 2025: -$224,9982025

Highlighted filing

2018

Revenue$774,569
Expenses$656,877
Net Income$117,692
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 3, 2019
Return Version
2018v3.1
Gross Receipts
$1,086,847
Mission and Program Overview

Mission

To deliver joy, laughter and relief to children who are faced with a critical long-term and life-threatening condition.

See Part III, Line 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$483,801$578,488▲ $94,687
Investments Other Securities$275,907$304,696▲ $28,789
Accounts Receivable-$131-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$759,824$883,931▲ $124,107
Other Assets Total$116$616▲ $500
Liabilities
Accounts Payable and Accrued Expenses$15,176$21,591▲ $6,415
Total Liabilities$15,176$21,591▲ $6,415
Net Assets / Fund Balance
Unrestricted Net Assets$744,648$862,340▲ $117,692
Total Net Assets Fund Balance$744,648$862,340▲ $117,692
Total Liabilities and Net Assets / Fund Balance$759,824$883,931▲ $124,107

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$6,225$6,225
Other Securities$304,696--
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tammy KrauseExecutive DirectorFT$73,720$73,720
Kirklyn SimontonDirector of OperationsPT$49,420$49,420
Kelly MoranFinance DirectorPT$49,420$49,420

Board Members and Trustees

NameTitle
Doug SlaybaughDirector
Tom RoganDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$772,029
Program Service Revenue
$0
Investment Income
$-10,725
Other Revenue
$13,265
All Other Contributions
$248,399
Change in Net Assets
$117,692

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
Other Non Cash Contri Table10,500$36,200Fair Market Value (FMV)
Total Noncash Contributions10,500$36,200-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$248,698
Salaries, Compensation, and Employee Benefits$239,887
Other Expenses$168,292
Total Fundraising Expense$36,506
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$248,698--$248,698
Other Salaries and Wages$157,226$45,685$18,899$221,810
Office Expenses$41,924$8,565$2,945$53,434
Occupancy$36,321$10,554$4,366$51,241
Fees for Services Other$8,119$26,669$7,723$42,511
Payroll Taxes$12,814$3,723$1,540$18,077
Travel$6,492$1,886$780$9,158
Conferences and Meetings-$3,924$253$4,177
Insurance-$4,096-$4,096
Information Technology-$3,445-$3,445
Fees for Services Legal$230--$230
Total Functional Expenses$511,824$108,547$36,506$656,877
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$293,646
Fundraising Gross Income$293,646
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bring Out Bags$395,215$160,510$160,510$0
Community Events$269,360$59,268$59,269$-1
Total Events$817,276$293,646$293,646$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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

“The Form 990 is available for review by all board members prior to filing the return.”

Form 990, Part VI, Section B, line 15A

“The Executive Director's salary is based on market comparison and is approved by the board of directors.”

Form 990, Part VI, Section C, line 19

“Documents are available upon request and governing documents are available on the Colorado Secretary of State website.”

Filing and Contact Details

Filer

Filer Name
The Gabby Krause Foundation
EIN
47-0946567
Phone
7204763022
Address
7200 S Alton Way B130, Centennial, CO 80112
Doing Business As
Bags of Fun

Signing Officer

Name
Tammy Krause
Title
Executive Director
Phone
7202213894
Signed
2019-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tammy Krause
Formed
2004
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
2
Employees
5
Volunteers
275

Preparer

Firm
Kundinger Corder & Engle PC
Address
475 Lincoln Street Suite 200, Denver, CO 80203
Preparer
Steven R Corder CPA
Phone
3035345953
Raw XML AppendixShowing 400 of 402 raw XML fields

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/Desc0The mission of the Gabby Krause Foundation is to deliver joy, laughter and relief to children fighting long-term and life-threatening conditions. This mission is achieved through their Bags of Fun program. Bags of Fun are High Sierra backpacks filled with unique toys, educational toys, manipulative toys and a Kindle Fire. Each Bag of Fun is designed specifically for the child, based on age, gender and diagnosis as requested by participating hospitals. This year 700 Bags of Fun were provided to children hospitalized with cancer and other life threatening diseases. Bags of Fun currently delivers bags in Colorado, Missouri, Texas and Florida.
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I