Civic Intelligence

Lake County Community Fund

990EZ • Fiscal year 2017 • EIN 81-4684882

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 27, 2018

PO Box 477Leadville, CO 80461

(719) 427-9757

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

92nd percentile

52%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

86th percentile

$28,350

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 20.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$148,941

No earlier filing loaded for comparison.

Net Assets

$147,775

No earlier filing loaded for comparison.

Liabilities

$1,166

No earlier filing loaded for comparison.

Revenue

$141,513

No earlier filing loaded for comparison.

Expenses

$68,135

No earlier filing loaded for comparison.

Net Income

$73,378

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2017: $148,941Liabilities 2017: $1,166Net Assets 2017: $147,7752017Assets 2018: $213,747Liabilities 2018: $718Net Assets 2018: $213,0292018Assets 2019: $305,299Liabilities 2019: $10,431Net Assets 2019: $294,8682019Assets 2020: $504,981Liabilities 2020: $11,655Net Assets 2020: $493,3262020Assets 2021: $666,326Liabilities 2021: $59,887Net Assets 2021: $606,4392021Assets 2022: $790,539Liabilities 2022: $39,365Net Assets 2022: $751,1742022Assets 2023: $1,000,214Liabilities 2023: $17,083Net Assets 2023: $983,1312023Assets 2024: $1,443,880Liabilities 2024: $44,141Net Assets 2024: $1,399,7392024

Highlighted filing

2017

Assets$148,941
Liabilities$1,166
Net Assets$147,775

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2017: $141,513Expenses 2017: $68,135Net Income 2017: $73,3782017Revenue 2018: $172,214Expenses 2018: $106,960Net Income 2018: $65,2542018Revenue 2019: $248,067Expenses 2019: $166,228Net Income 2019: $81,8392019Revenue 2020: $740,775Expenses 2020: $542,317Net Income 2020: $198,4582020Revenue 2021: $473,987Expenses 2021: $360,874Net Income 2021: $113,1132021Revenue 2022: $495,119Expenses 2022: $348,670Net Income 2022: $146,4492022Revenue 2023: $810,204Expenses 2023: $583,698Net Income 2023: $226,5062023Revenue 2024: $1,440,708Expenses 2024: $935,719Net Income 2024: $504,9892024

Highlighted filing

2017

Revenue$141,513
Expenses$68,135
Net Income$73,378
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 27, 2018
Return Version
2017v2.3
Gross Receipts
$141,513
Mission and Program Overview

Mission

The lake county community fund (lccf) is a nonprofit created to bring additional resources into lake county to support the community, including local non-profit organizations. The vision of the lccf is for lake county to have an abundance of sustainable philanthropic resources to support a thriving community. Its mission is to provide a means to expand the capacity of local organizations, promote and facilitate giving opportunities and inspire investment in lake county. The lccf will encourage donations by individuals, businesses, and foundations, and invite charities in leadville and twin lakes to apply for grant funding to further their missions. The lccf will (i) capture philanthropic dollars of people and organizations who love leadville; (ii) support existing non-profits and worthy causes in lake county; and (iii) make grants and provide capacity- building services to existing lake county non-profits.

Program Services

DescriptionGrantsExpenses
DEVELOPMENT OF THE LCCF INTO A COMMUNITY ASSET, INCLUDING NETWORKING AND PROMOTIONAL ACTIVITIES DESIGNED TO BUILD RELATIONSHIPS WITH POTENTIAL CONTRIBUTORS AND MAJOR INVESTORS IN THE LEADVILLE/LAKE COUNTY COMMUNITY.-$28,535
COMMUNITY GRANTMAKING. ON AN ANNUAL BASIS, THE LCCF OFFERS A COMPETITIVE COMMUNITY GRANTS ROUND, WHICH INCLUDES ADVERTISING THE GRANT-MAKING OPPORTUNITY, HOLDING INFORMATION SESSIONS, RECEIVING GRANT PROPOSALS, CONDUCTING TECHNICAL REVIEW OF PROPOSALS, AND FACILITATING GRANT AWARD DETERMINATIONS BY THE LCCF BOARD OF DIRECTORS. IN 2017, THE LCCF GRANTED OUT 20,000 TO 8 LOCAL CHARITABLE GROUPS AS PART OF ITS COMMUNITY GRANTS ROUND.-$20,000
FISCAL SPONSORSHIP AND CAPACITY-BUILDING EFFORTS. THIS LCCF PROGRAM AREA INCLUDES ALL THE COMPONENTS OF ACQUIRING AND HOUSING FISCAL SPONSORED FUNDS, AS WELL AS SERVING AS A LOCAL CONVENER WHEN APPROPRIATE AND OFFERING TRAININGS AND TECHNICAL ASSISTANCE TO LOCAL NONPROFIT AND CHARITABLE GROUPS. THIS ALSO INCLUDES PUTTING ON EVENTS IN SUPPORT OF FISCAL SPONSORED FUNDS AND/OR EVENTS RELATED TO LOCAL CAPACITY-BUILDING. IN 2017, THE LCCF HOUSED THREE FISCAL SPONSORED FUNDS (WE LOVE LEADVILLE TRIBUTE, PUMPKIN PATCH, TREE OF SHARING) AND ESTABLISHED ONE FIELD OF INTEREST FUND (ARTS & CULTURE).-$10,085
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LESLIE COOK-KNERRExecutive DiPT$28,350-$28,350
MIGUEL MARTINEZPresidentPT$0--
M CHRISTINA FLOYDVice PresidePT$0--
KAYLA MARCELLATreasurer-$0--
ABBIGAIL LONGSecretaryPT$0--
CINDY NEMETHBoard Member-$0--
HON JONATHAN SHAMISBoard Member-$0--
DANNY O'BREINBoard Member-$0--
CANDY ELKINDBoard MemberPT$0--
KRISTEN KINGBoard Member-$0--
NELL WAREHAMBoard Member-$0--
KATE BARTLETTBoard Member-$0--
DESTINEE LUKIANOFFBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Lake County Community Fund
EIN
81-4684882
Phone
7194279757
Address
PO BOX 477, LEADVILLE, CO 80461

Signing Officer

Name
Leslie Cook-knerr
Title
Executive Director
Phone
7194279757
Signed
2018-06-27
Discuss with paid preparer
Yes

Preparer

Firm
Kenneth L Olsen CPA Pc
Address
P O BOX 912, LEADVILLE, CO 80461
Preparer
Kenneth L Olsen
Phone
7194860268
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 698 office expenses 1,579 confrences and meetings 195 insurance 361 tree of sharing 10,085 grantmaking awards 20,000 other community events 1,714 non-investment depreciation 117 total 34,749

Form 990-ez, Part I, Line 20

FUND BALANCE -1,074

Form 990-ez, Part II, Line 24

Laptop 0 704 less accumulated depreciation 0 117 total 0 587

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 1,166

Form 990-ez, Part III

The lake county community fund (lccf) is a nonprofit created to bring additional resources into lake county to support the community, including local non-profit organizations. The vision of the lccf is for lake county to have an abundance of sustainable philanthropic resources to support a thriving community. Its mission is to provide a means to expand the capacity of local organizations, promote and facilitate giving opportunities and inspire investment in lake county. The lccf will encourage donations by individuals, businesses, and foundations, and invite charities in leadville and twin lakes to apply for grant funding to further their missions. The lccf will (i) capture philanthropic dollars of people and organizations who love leadville; (ii) support existing non-profits and worthy causes in lake county; and (iii) make grants and provide capacity- building services to existing lake county non-profits.

Form 990-ez, Part III, Line 28

Fiscal sponsorship and capacity-building efforts. This lccf program area includes all the components of acquiring and housing fiscal sponsored funds, as well as serving as a local convener when appropriate and offering trainings and technical assistance to local nonprofit and charitable groups. This also includes putting on events in support of fiscal sponsored funds and/or events related to local capacity-building. In 2017, the lccf housed three fiscal sponsored funds (we love leadville tribute, pumpkin patch, tree of sharing) and established one field of interest fund (arts & culture).

Form 990-ez, Part III, Line 29

Community grantmaking. On an annual basis, the lccf offers a competitive community grants round, which includes advertising the grant-making opportunity, holding information sessions, receiving grant proposals, conducting technical review of proposals, and facilitating grant award determinations by the lccf board of directors. In 2017, the lccf granted out 20,000 to 8 local charitable groups as part of its community grants round.

Form 990-ez, Part III, Line 31

Development of the lccf into a community asset, including networking and promotional activities designed to build relationships with potential contributors and major investors in the leadville/lake county community.

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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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0FISCAL SPONSORSHIP AND CAPACITY-BUILDING EFFORTS. THIS LCCF PROGRAM AREA INCLUDES ALL THE COMPONENTS OF ACQUIRING AND HOUSING FISCAL SPONSORED FUNDS, AS WELL AS SERVING AS A LOCAL CONVENER WHEN APPROPRIATE AND OFFERING TRAININGS AND TECHNICAL ASSISTANCE TO LOCAL NONPROFIT AND CHARITABLE GROUPS. THIS ALSO INCLUDES PUTTING ON EVENTS IN SUPPORT OF FISCAL SPONSORED FUNDS AND/OR EVENTS RELATED TO LOCAL CAPACITY-BUILDING. IN 2017, THE LCCF HOUSED THREE FISCAL SPONSORED FUNDS (WE LOVE LEADVILLE TRIBUTE, PUMPKIN PATCH, TREE OF SHARING) AND ESTABLISHED ONE FIELD OF INTEREST FUND (ARTS & CULTURE).
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1COMMUNITY GRANTMAKING. ON AN ANNUAL BASIS, THE LCCF OFFERS A COMPETITIVE COMMUNITY GRANTS ROUND, WHICH INCLUDES ADVERTISING THE GRANT-MAKING OPPORTUNITY, HOLDING INFORMATION SESSIONS, RECEIVING GRANT PROPOSALS, CONDUCTING TECHNICAL REVIEW OF PROPOSALS, AND FACILITATING GRANT AWARD DETERMINATIONS BY THE LCCF BOARD OF DIRECTORS. IN 2017, THE LCCF GRANTED OUT 20,000 TO 8 LOCAL CHARITABLE GROUPS AS PART OF ITS COMMUNITY GRANTS ROUND.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 698 OFFICE EXPENSES 1,579 CONFRENCES AND MEETINGS 195 INSURANCE 361 TREE OF SHARING 10,085 GRANTMAKING AWARDS 20,000 OTHER COMMUNITY EVENTS 1,714 NON-INVESTMENT DEPRECIATION 117 TOTAL 34,749
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 1,166
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE LAKE COUNTY COMMUNITY FUND (LCCF) IS A NONPROFIT CREATED TO BRING ADDITIONAL RESOURCES INTO LAKE COUNTY TO SUPPORT THE COMMUNITY, INCLUDING LOCAL NON-PROFIT ORGANIZATIONS. THE VISION OF THE LCCF IS FOR LAKE COUNTY TO HAVE AN ABUNDANCE OF SUSTAINABLE PHILANTHROPIC RESOURCES TO SUPPORT A THRIVING COMMUNITY. ITS MISSION IS TO PROVIDE A MEANS TO EXPAND THE CAPACITY OF LOCAL ORGANIZATIONS, PROMOTE AND FACILITATE GIVING OPPORTUNITIES AND INSPIRE INVESTMENT IN LAKE COUNTY. THE LCCF WILL ENCOURAGE DONATIONS BY INDIVIDUALS, BUSINESSES, AND FOUNDATIONS, AND INVITE CHARITIES IN LEADVILLE AND TWIN LAKES TO APPLY FOR GRANT FUNDING TO FURTHER THEIR MISSIONS. THE LCCF WILL (I) CAPTURE PHILANTHROPIC DOLLARS OF PEOPLE AND ORGANIZATIONS WHO LOVE LEADVILLE; (II) SUPPORT EXISTING NON-PROFITS AND WORTHY CAUSES IN LAKE COUNTY; AND (III) MAKE GRANTS AND PROVIDE CAPACITY- BUILDING SERVICES TO EXISTING LAKE COUNTY NON-PROFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FISCAL SPONSORSHIP AND CAPACITY-BUILDING EFFORTS. THIS LCCF PROGRAM AREA INCLUDES ALL THE COMPONENTS OF ACQUIRING AND HOUSING FISCAL SPONSORED FUNDS, AS WELL AS SERVING AS A LOCAL CONVENER WHEN APPROPRIATE AND OFFERING TRAININGS AND TECHNICAL ASSISTANCE TO LOCAL NONPROFIT AND CHARITABLE GROUPS. THIS ALSO INCLUDES PUTTING ON EVENTS IN SUPPORT OF FISCAL SPONSORED FUNDS AND/OR EVENTS RELATED TO LOCAL CAPACITY-BUILDING. IN 2017, THE LCCF HOUSED THREE FISCAL SPONSORED FUNDS (WE LOVE LEADVILLE TRIBUTE, PUMPKIN PATCH, TREE OF SHARING) AND ESTABLISHED ONE FIELD OF INTEREST FUND (ARTS & CULTURE).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMMUNITY GRANTMAKING. ON AN ANNUAL BASIS, THE LCCF OFFERS A COMPETITIVE COMMUNITY GRANTS ROUND, WHICH INCLUDES ADVERTISING THE GRANT-MAKING OPPORTUNITY, HOLDING INFORMATION SESSIONS, RECEIVING GRANT PROPOSALS, CONDUCTING TECHNICAL REVIEW OF PROPOSALS, AND FACILITATING GRANT AWARD DETERMINATIONS BY THE LCCF BOARD OF DIRECTORS. IN 2017, THE LCCF GRANTED OUT 20,000 TO 8 LOCAL CHARITABLE GROUPS AS PART OF ITS COMMUNITY GRANTS ROUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DEVELOPMENT OF THE LCCF INTO A COMMUNITY ASSET, INCLUDING NETWORKING AND PROMOTIONAL ACTIVITIES DESIGNED TO BUILD RELATIONSHIPS WITH POTENTIAL CONTRIBUTORS AND MAJOR INVESTORS IN THE LEADVILLE/LAKE COUNTY COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 29
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART III, LINE 31
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KENNETH L OLSEN CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 912
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEADVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080461
ReturnHeader/PreparerPersonGrp/PhoneNum07194860268
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH L OLSEN
ReturnHeader/ReturnTs02018-07-24T10:14:56-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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