Civic Intelligence

The Community Foundation Serving Boulder County

990 • Fiscal year 2016 • EIN 84-1171836

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

1123 Spruce StreetBoulder, CO 80302

(303) 442-0436

Siviq Scores

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

Liabilities / Assets

27th percentile

0.11x

Higher debt load relative to assets than 27% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

51st percentile

0.46x

Higher debt load relative to revenue than 51% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

85th percentile

25%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

10th percentile

$138,058

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

86th percentile

16%

Faster asset growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-1.8%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Assets

Up

$57,693,156

Up $7,807,117 (+16%) from 2015

Net Assets

Up

$51,493,300

Up $4,074,003 (+8.6%) from 2015

Liabilities

Up

$6,199,856

Up $3,733,114 (+151%) from 2015

Revenue

Down

$13,469,130

Down $253,027 (-1.8%) from 2015

Expenses

Up

$10,158,696

Up $2,122,635 (+26%) from 2015

Net Income

Down

$3,310,434

Down $2,375,662 (-42%) from 2015

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $34,374,244Liabilities 2010: $1,688,591Net Assets 2010: $32,685,6532010Assets 2011: $33,118,244Liabilities 2011: $1,767,225Net Assets 2011: $31,351,0192011Assets 2012: $37,299,905Liabilities 2012: $1,839,624Net Assets 2012: $35,460,2812012Assets 2013: $44,537,256Liabilities 2013: $2,045,370Net Assets 2013: $42,491,8862013Assets 2014: $45,828,995Liabilities 2014: $2,292,072Net Assets 2014: $43,536,9232014Assets 2015: $49,886,039Liabilities 2015: $2,466,742Net Assets 2015: $47,419,2972015Assets 2016: $57,693,156Liabilities 2016: $6,199,856Net Assets 2016: $51,493,3002016Assets 2017: $65,212,039Liabilities 2017: $6,252,508Net Assets 2017: $58,959,5312017Assets 2018: $60,671,771Liabilities 2018: $6,476,147Net Assets 2018: $54,195,6242018Assets 2019: $70,218,228Liabilities 2019: $7,542,330Net Assets 2019: $62,675,8982019Assets 2020: $79,799,287Liabilities 2020: $8,745,507Net Assets 2020: $71,053,7802020Assets 2021: $93,375,160Liabilities 2021: $9,808,267Net Assets 2021: $83,566,8932021Assets 2022: $107,733,334Liabilities 2022: $10,836,001Net Assets 2022: $96,897,3332022Assets 2023: $97,823,398Liabilities 2023: $12,087,550Net Assets 2023: $85,735,8482023Assets 2024: $95,880,403Liabilities 2024: $13,756,394Net Assets 2024: $82,124,0092024

Highlighted filing

2016

Assets$57,693,156
Liabilities$6,199,856
Net Assets$51,493,300

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2010: $7,872,524Expenses 2010: $7,420,559Net Income 2010: $451,9652010Revenue 2011: $6,727,119Expenses 2011: $5,530,564Net Income 2011: $1,196,5552011Expenses 2012: $4,740,6392012Revenue 2013: $10,306,236Expenses 2013: $6,653,248Net Income 2013: $3,652,9882013Revenue 2014: $9,699,728Expenses 2014: $7,505,817Net Income 2014: $2,193,9112014Revenue 2015: $13,722,157Expenses 2015: $8,036,061Net Income 2015: $5,686,0962015Revenue 2016: $13,469,130Expenses 2016: $10,158,696Net Income 2016: $3,310,4342016Revenue 2017: $15,107,706Expenses 2017: $9,043,127Net Income 2017: $6,064,5792017Revenue 2018: $10,592,565Expenses 2018: $10,177,603Net Income 2018: $414,9622018Revenue 2019: $11,353,206Expenses 2019: $8,906,658Net Income 2019: $2,446,5482019Revenue 2020: $19,282,047Expenses 2020: $13,793,107Net Income 2020: $5,488,9402020Revenue 2021: $25,999,249Expenses 2021: $14,484,115Net Income 2021: $11,515,1342021Revenue 2022: $52,005,504Expenses 2022: $26,420,730Net Income 2022: $25,584,7742022Revenue 2023: $10,856,993Expenses 2023: $27,314,926Net Income 2023: -$16,457,9332023Revenue 2024: $19,389,925Expenses 2024: $17,738,016Net Income 2024: $1,651,9092024

Highlighted filing

2016

Revenue$13,469,130
Expenses$10,158,696
Net Income$3,310,434
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$67,201,440
Mission and Program Overview

Mission

The Community Foundation is a community catalyst that inspires ideas and ignites action to improve the quality of life in Boulder County. We make informed decisions to respond to immediate needs and anticipate future challenges. Join us to make a difference. We accomplish more together than we do alone.

For 26 years, the Community Foundation has been a community catalyst, responding to immediate needs and anticipating future challenges. Through informed decision-making, we inspire ideas, ignite action and mobilize diverse resources to improve the quality of life for everyone in Boulder County. As a collaborator and a convener, we promote inclusivity and provide leadership on key issues, working with community-minded individuals and organizations that want to make a difference.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,256$5,053,700▲ $5,046,444
Pledges and Grants Receivable$453,411$816,274▲ $362,863
Investments in Publicly Traded Securities$39,850,123$304,980▼ $39,545,143
Savings and Temporary Cash Investments$9,454,624$271,856▼ $9,182,768
Cash and Non-Interest-Bearing Accounts$100$195,622▲ $195,522
Other Notes and Loans Receivable, Net$52,034$52,275▲ $241
Accounts Receivable$44,770$0▼ $44,770
Prepaid Expenses and Deferred Charges$21,897$42,570▲ $20,673
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$49,886,039$57,693,156▲ $7,807,117
Other Assets Total$1,824$50,955,879▲ $50,954,055
Liabilities
Mortgage Notes Payable Secured by Investment Property-$3,100,000-
Other Liabilities$2,327,737$2,378,922▲ $51,185
Grants Payable$107,500$654,015▲ $546,515
Accounts Payable and Accrued Expenses$31,505$37,830▲ $6,325
Deferred Revenue-$29,089-
Total Liabilities$2,466,742$6,199,856▲ $3,733,114
Net Assets / Fund Balance
Unrestricted Net Assets$46,769,328$50,288,693▲ $3,519,365
Temporarily Rstr Net Assets$649,969$1,204,607▲ $554,638
Total Net Assets Fund Balance$47,419,297$51,493,300▲ $4,074,003
Total Liabilities and Net Assets / Fund Balance$49,886,039$57,693,156▲ $7,807,117

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,991,667$8,333$4,000,000
Land$1,000,000-$1,000,000
Other Land Buildings$53,925$51,193$105,118
Equipment$8,108$60,578$68,686
Other Assets Org$50,955,879--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Josephine W HeathPresidentPT$128,500$9,558$138,058
Margaret KatzVP Philantrop SvcsFT$106,960$7,417$114,377

Highest Paid Contractors

ContractorServicesLocationCompensation
Greater HorizonsStart Pledge 1% pgm369 Snyder Lane, Mountain View, CA 94043$112,000
-Back office services1055 Broadway Ste 130, Kansas City, MO 64105$104,000
Revenue and Support

Revenue Composition

Contributions and Grants
$11,414,991
Program Service Revenue
$93,139
Investment Income
$1,860,151
Other Revenue
$100,849
All Other Contributions
$9,381,605
Change in Net Assets
$3,310,434

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 Traded52$3,317,334Fair Market Value (FMV)
Other Non Cash Contri Table-$31,914Fair Market Value (FMV)
Total Noncash Contributions52$3,349,248-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,722,336
Salaries, Compensation, and Employee Benefits$1,187,384
Other Expenses$1,136,976
Total Fundraising Expense$951,193
Professional Fundraising Fees$112,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,722,336--$7,722,336
Other Salaries and Wages$313,172$239,371$296,281$848,824
Fees for Services Other$17,080$134,555$100,394$252,029
Fees for Service Investment Mgmnt Fees$222,706--$222,706
Current Officers, Directors, Trustees, and Key Employees$19,275$70,675$38,550$128,500
Fees for Services Accounting-$61,125$61,125$122,250
Conferences and Meetings$30,234$632$82,071$112,937
Fees for Services Professional Fundraising--$112,000$112,000
Information Technology$23,198$26,277$47,372$96,847
Occupancy$32,575$30,380$32,809$95,764
Office Expenses$28,092$26,198$28,293$82,583
Other Employee Benefits$25,161$23,466$25,342$73,969
Advertising$14,216-$56,866$71,082
Payroll Taxes$23,454$21,874$23,623$68,951
Pension Plan Contributions$22,838$21,300$23,002$67,140
Travel$8,758$9,024$8,758$26,540
Other Expenses$5,291$10,423$5,292$21,006
Depreciation Depletion$5,427$5,062$5,466$15,955
Insurance$3,651$3,405$3,677$10,733
Interest-$5,750-$5,750
Fees for Services Legal$270$252$272$794
Total Functional Expenses$8,517,734$689,769$951,193$10,158,696
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
See Attached Listsee attached, CO-See Attached$6,849,940
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$159,729
Professional Fundraising Fees$112,000
Fundraising Direct Expenses$68,083

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Open Door$134,513$126,600$16,069$110,531
LYONS Comm FDN$57,130$33,129$7,316$25,813
Total Events$191,643$159,729$68,083$91,646
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency endowment funds$2,245,945
Split-interest Agreement Liability$132,977
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Management and back office services

Form 990, Part VI, Line 11B: Form 990 Review Process

The community foundation's audit committee, cfo, and ceo review form 990 before it is filed with the irs. The cfo circulates form 990 and invites committee members to comment on it. Additionally, the community foundation's auditor presents the audit to the audit committee before the form 990 is filed with the irs and the audit is discussed in detail. After the audit committee reviews the form 990, a copy is distributed to all trustees for their review.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All trustees, employees, consultants and volunteers sign an affidavit before they begin working with us.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The organization utilizes a national organization that compiles community foundation compensation and uses this information for comparability of compensation information. The board of directors executive committee reviews and approves the ceo's salary.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The ceo is responsible for reviewing and approving the compensation of other officers and key employees.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Documents are also available on guidestar web site.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents, policies, and financial statements available on its website as well as upon request.

Filing and Contact Details

Filer

Filer Name
The Community Foundation
EIN
84-1171836
Phone
3034420436
Address
1123 Spruce Street, Boulder, CO 80302

Signing Officer

Name
Jeff Hirota
Title
CEO
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Hirota
Formed
1991
Legal Domicile
Co
Voting Board Members
21
Independent Board Members
20
Employees
21
Volunteers
200

Preparer

Firm
Johnson Kightlinger & Company
Address
4999 Pearl East Circle STE 103, Boulder, CO 80301-2654
Preparer
Mark Kightlinger CPA
Phone
3034493830
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Agency Endowment Net Income = -$78723

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has taken no tax positions it believes are unlikely to be upheld, or that might jeopardize its tax-exempt status, if examined by taxing authorities with full knowledge of all relevant information.

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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/Form990PartVIISectionAGrp/PersonNm20DEBORAH SIMMONS
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13chair
IRS990/Form990PartVIISectionAGrp/TitleTxt14Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt16Treasurer
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IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP Philantrop Svcs
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IRS990/MissionDesc0The Community Foundation is a community catalyst that inspires ideas and ignites action to improve the quality of life in Boulder County. We make informed decisions to respond to immediate needs and anticipate future challenges. Join us to make a difference. We accomplish more together than we do alone.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$95.9$13.8$82.1$19.4$17.7$1.65
2023Detailed filing. Detailed filing data is available for this year.$97.8$12.1$85.7$10.9$27.3$16.5
2022Detailed filing. Detailed filing data is available for this year.$108$10.8$96.9$52.0$26.4$25.6
2021Detailed filing. Detailed filing data is available for this year.$93.4$9.81$83.6$26.0$14.5$11.5
2020Detailed filing. Detailed filing data is available for this year.$79.8$8.75$71.1$19.3$13.8$5.49
2019Detailed filing. Detailed filing data is available for this year.$70.2$7.54$62.7$11.4$8.91$2.45
2018Detailed filing. Detailed filing data is available for this year.$60.7$6.48$54.2$10.6$10.2$0.41
2017Detailed filing. Detailed filing data is available for this year.$65.2$6.25$59.0$15.1$9.04$6.06
2016Detailed filing. Detailed filing data is available for this year.$57.7$6.20$51.5$13.5$10.2$3.31
2015Detailed filing. Detailed filing data is available for this year.$49.9$2.47$47.4$13.7$8.04$5.69
2014Detailed filing. Detailed filing data is available for this year.$45.8$2.29$43.5$9.70$7.51$2.19
2013Detailed filing. Detailed filing data is available for this year.$44.5$2.05$42.5$10.3$6.65$3.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.3$1.84$35.5$4.74
2011Summary only. Only limited summary data is available for this year.$33.1$1.77$31.4$6.73$5.53$1.20
2010Summary only. Only limited summary data is available for this year.$34.4$1.69$32.7$7.87$7.42$0.45