Civic Intelligence

Lake County Community Fund

990EZ • Fiscal year 2018 • EIN 81-4684882

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

PO Box 477Leadville, CO 80461

(719) 293-3396

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

88th percentile

38%

Higher net margin than 88% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

87th percentile

$32,366

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 18.8% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

83rd percentile

44%

Faster asset growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

74th percentile

22%

Faster revenue growth than 74% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$213,747

Up $64,806 (+44%) from 2017

Net Assets

Up

$213,029

Up $65,254 (+44%) from 2017

Liabilities

Down

$718

Down $448 (-38%) from 2017

Revenue

Up

$172,214

Up $30,701 (+22%) from 2017

Expenses

Up

$106,960

Up $38,825 (+57%) from 2017

Net Income

Down

$65,254

Down $8,124 (-11%) from 2017

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

2018

Assets$213,747
Liabilities$718
Net Assets$213,029

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

2018

Revenue$172,214
Expenses$106,960
Net Income$65,254
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$172,214
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
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 2018, THE LCCF GRANTED OUT 32,394 TO 12 LOCAL CHARITABLE GROUPS AS PART OF ITS COMMUNITY GRANTS ROUND.-$34,705
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.-$34,593
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 2018, THE LCCF HOUSED FIVE FISCAL SPONSORED FUNDS (WE LOVE LEADVILLE TRIBUTE, PUMPKIN PATCH, TREE OF SHARING, LIONS CLUB SAFEWAY CARDS, LIDERES LATINOS LEADVILLE) AND ESTABLISHED ONE NEW FIELD OF INTEREST FUND (DISASTER RELIEF FUND) AS WELL AS MAINTAINING THE CURRENT FIELD OF INTEREST FUND (ARTS & CULTURE).-$21,895
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LESLIE COOK-KNERRExecutive DiPT$32,366-$32,366
KAYLA MARCELLABoard Member-$0--
HON JONATHAN SHAMISBoard Member-$0--
DANNY O'BREINBoard Member-$0--
NELL WAREHAMBoard Member-$0--
KELLY SWEENEYSecretary-$0--
KATIE KONIGSBERGBoard Member-$0--
REBECCA KATZVice Preside-$0--
KATE BARTLETTPresident-$0--
GREG LABBETreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Lake County Community Fund
EIN
81-4684882
Phone
7192933396
Address
PO BOX 477, LEADVILLE, CO 80461

Signing Officer

Name
Greg Labbe
Title
Treasurer
Phone
7192863396
Signed
2019-11-13
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 1,118 memberships 180 office expenses 272 fees dues 325 web hosting and support 1,105 travel 1,041 confrences and meetings 1,715 insurance 1,555 worker comp 353 tree of sharing 7,150 grant awards 22,300 pumpkin patch 5,394 lideres latinoamericanos 4,700 other community event 6,992 program analysis 7,500 community clean up 600 processing fee 205 event costs 1,759 non-investment depreciation 141 total 64,405

Form 990-ez, Part I, Line 20

Py fund balance off on program 1

Form 990-ez, Part II, Line 24

704 704 less accumulated depreciation 117 258 total 587 446

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,167 718

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 2018, the lccf housed five fiscal sponsored funds (we love leadville tribute, pumpkin patch, tree of sharing, lions club safeway cards, lideres latinos leadville) and established one new field of interest fund (disaster relief fund) as well as maintaining the current 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 2018, the lccf granted out 32,394 to 12 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 2018, THE LCCF HOUSED FIVE FISCAL SPONSORED FUNDS (WE LOVE LEADVILLE TRIBUTE, PUMPKIN PATCH, TREE OF SHARING, LIONS CLUB SAFEWAY CARDS, LIDERES LATINOS LEADVILLE) AND ESTABLISHED ONE NEW FIELD OF INTEREST FUND (DISASTER RELIEF FUND) AS WELL AS MAINTAINING THE CURRENT 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 2018, THE LCCF GRANTED OUT 32,394 TO 12 LOCAL CHARITABLE GROUPS AS PART OF ITS COMMUNITY GRANTS ROUND.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2DEVELOPMENT 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 1,118 MEMBERSHIPS 180 OFFICE EXPENSES 272 FEES DUES 325 WEB HOSTING AND SUPPORT 1,105 TRAVEL 1,041 CONFRENCES AND MEETINGS 1,715 INSURANCE 1,555 WORKER COMP 353 TREE OF SHARING 7,150 GRANT AWARDS 22,300 PUMPKIN PATCH 5,394 LIDERES LATINOAMERICANOS 4,700 OTHER COMMUNITY EVENT 6,992 PROGRAM ANALYSIS 7,500 COMMUNITY CLEAN UP 600 PROCESSING FEE 205 EVENT COSTS 1,759 NON-INVESTMENT DEPRECIATION 141 TOTAL 64,405
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PY FUND BALANCE OFF ON PROGRAM 1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2704 704 LESS ACCUMULATED DEPRECIATION 117 258 TOTAL 587 446
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,167 718
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 2018, THE LCCF HOUSED FIVE FISCAL SPONSORED FUNDS (WE LOVE LEADVILLE TRIBUTE, PUMPKIN PATCH, TREE OF SHARING, LIONS CLUB SAFEWAY CARDS, LIDERES LATINOS LEADVILLE) AND ESTABLISHED ONE NEW FIELD OF INTEREST FUND (DISASTER RELIEF FUND) AS WELL AS MAINTAINING THE CURRENT 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 2018, THE LCCF GRANTED OUT 32,394 TO 12 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
ReturnHeader/BuildTS02020-01-14 16:20:31Z
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080461
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F83E87C425956712FFD877534F64AAC8CE3F6236
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F83E87C425956712FFD877534F64AAC8CE3F6236
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt063.231.100.67
ReturnHeader/FilingSecurityInformation/IPDt02019-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:20:10
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841003573
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/PreparationDt02019-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH L OLSEN
ReturnHeader/ReturnTs02019-11-14T09:20:10-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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