Civic Intelligence

The Community Foundation Serving Greeley & Weld County

990 • Fiscal year 2020 • EIN 84-1315296

Jan 01, 2020 to Dec 31, 2020 • Filed on May 24, 2021

2425 35th Ave Ste 201Greeley, CO 80634

(970) 304-9970

Siviq Scores

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

Liabilities / Assets

26th percentile

0.06x

Higher debt load relative to assets than 26% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

72nd percentile

0.80x

Higher debt load relative to revenue than 72% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

16th percentile

$121,000

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

65th percentile

13%

Faster asset growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

7th percentile

-46%

Faster revenue growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$36,938,797

Up $4,236,853 (+13%) from 2019

Net Assets

Up

$34,576,791

Up $3,838,452 (+12%) from 2019

Liabilities

Up

$2,362,006

Up $398,401 (+20%) from 2019

Revenue

Down

$2,944,436

Down $2,495,452 (-46%) from 2019

Expenses

Up

$2,505,855

Up $890,878 (+55%) from 2019

Net Income

Down

$438,581

Down $3,386,330 (-89%) from 2019

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $11,275,204Liabilities 2010: $819,194Net Assets 2010: $10,456,0102010Assets 2011: $11,720,622Liabilities 2011: $844,886Net Assets 2011: $10,875,7362011Assets 2012: $13,394,340Liabilities 2012: $1,003,788Net Assets 2012: $12,390,5522012Assets 2013: $16,599,616Liabilities 2013: $1,189,242Net Assets 2013: $15,410,3742013Assets 2014: $18,140,785Liabilities 2014: $1,146,561Net Assets 2014: $16,994,2242014Assets 2015: $17,489,056Liabilities 2015: $1,151,581Net Assets 2015: $16,337,4752015Assets 2016: $18,350,607Liabilities 2016: $1,283,785Net Assets 2016: $17,066,8222016Assets 2017: $21,881,918Liabilities 2017: $1,702,059Net Assets 2017: $20,179,8592017Assets 2018: $25,354,432Liabilities 2018: $1,706,986Net Assets 2018: $23,647,4462018Assets 2019: $32,701,944Liabilities 2019: $1,963,605Net Assets 2019: $30,738,3392019Assets 2020: $36,938,797Liabilities 2020: $2,362,006Net Assets 2020: $34,576,7912020Assets 2021: $51,392,619Liabilities 2021: $2,794,819Net Assets 2021: $48,597,8002021Assets 2022: $53,162,863Liabilities 2022: $2,558,936Net Assets 2022: $50,603,9272022Assets 2023: $60,066,261Liabilities 2023: $3,373,579Net Assets 2023: $56,692,6822023Assets 2024: $63,737,647Liabilities 2024: $3,235,889Net Assets 2024: $60,501,7582024

Highlighted filing

2020

Assets$36,938,797
Liabilities$2,362,006
Net Assets$34,576,791

Operations Trend

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

$20M$15M$10M$5.0M$0Expenses 2010: $1,235,2932010Expenses 2011: $1,203,2512011Expenses 2012: $1,225,8952012Revenue 2013: $3,696,954Expenses 2013: $2,041,346Net Income 2013: $1,655,6082013Revenue 2014: $3,817,138Expenses 2014: $2,551,776Net Income 2014: $1,265,3622014Revenue 2015: $2,631,117Expenses 2015: $2,389,895Net Income 2015: $241,2222015Revenue 2016: $2,252,021Expenses 2016: $1,986,111Net Income 2016: $265,9102016Revenue 2017: $4,669,741Expenses 2017: $1,798,524Net Income 2017: $2,871,2172017Revenue 2018: $6,388,527Expenses 2018: $1,584,750Net Income 2018: $4,803,7772018Revenue 2019: $5,439,888Expenses 2019: $1,614,977Net Income 2019: $3,824,9112019Revenue 2020: $2,944,436Expenses 2020: $2,505,855Net Income 2020: $438,5812020Revenue 2021: $13,503,338Expenses 2021: $2,374,907Net Income 2021: $11,128,4312021Revenue 2022: $15,846,107Expenses 2022: $3,739,025Net Income 2022: $12,107,0822022Revenue 2023: $4,548,009Expenses 2023: $4,064,639Net Income 2023: $483,3702023Revenue 2024: $7,508,529Expenses 2024: $4,853,883Net Income 2024: $2,654,6462024

Highlighted filing

2020

Revenue$2,944,436
Expenses$2,505,855
Net Income$438,581
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 24, 2021
Return Version
2020v4.0
Gross Receipts
$18,304,603
Mission and Program Overview

Mission

The weld community foundation promotes philanthropy to build resources, develops partnerships, and provides leadership that will be of lasting benefit to our communities.

Dedicated to building a community of givers who support charitable investments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$28,468,693$33,949,114▲ $5,480,421
Savings and Temporary Cash Investments$3,871,431$2,572,369▼ $1,299,062
Investments Other Securities$131,626$136,769▲ $5,143
Cash and Non-Interest-Bearing Accounts$38,265$92,022▲ $53,757
Accounts Receivable$80,014$83,471▲ $3,457
Land, Buildings, and Equipment, Net$13,079$14,135▲ $1,056
Pledges and Grants Receivable$6,735$3,558▼ $3,177
Prepaid Expenses and Deferred Charges$601$601→ $0
Total Assets$32,701,944$36,938,797▲ $4,236,853
Other Assets Total$91,500$86,758▼ $4,742
Liabilities
Other Liabilities$1,822,713$2,188,239▲ $365,526
Grants Payable$119,869$136,330▲ $16,461
Deferred Revenue$7,000$19,115▲ $12,115
Accounts Payable and Accrued Expenses$14,023$18,322▲ $4,299
Total Liabilities$1,963,605$2,362,006▲ $398,401
Net Assets / Fund Balance
Net Assets With Donor Restrictions$27,431,626$30,973,848▲ $3,542,222
Net Assets Without Donor Restrictions$3,306,713$3,602,943▲ $296,230
Total Net Assets Fund Balance$30,738,339$34,576,791▲ $3,838,452
Total Liabilities and Net Assets / Fund Balance$32,701,944$36,938,797▲ $4,236,853

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,879$52,166$65,045
Leasehold Improvements$1,256$2,872$4,128

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$24,856,824$263,124▲ $4,664,406$87,845$28,399,493
2019$18,953,063$508,350▲ $6,368,422$52,605$24,856,824
2018$15,597,572$653,464▲ $3,479,117$150,293$18,953,063
2017$14,372,309$609,864▲ $1,507,405$-2,169$15,597,572
2016$13,504,693$568,546▲ $1,217,012$24,028$14,372,309
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rand E MorganPresident/ceFT$105,020$15,980$121,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$760,799
Program Service Revenue
$4,351
Investment Income
$1,051,657
Other Revenue
$1,127,629
All Other Contributions
$760,799
Change in Net Assets
$438,581

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$50,138Fair Value
Other Non Cash Contri Table42$12,198Estimated Fair Value
Total Noncash Contributions43$62,336-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,492,930
Revenue Not Reported on Financial Statements
$451,506
Revenue Not Reported on Form 990
$3,679,353
Other Revenue Adjustments
$315,420
Total Revenue per Audited Statements
$6,172,283
Total Revenue per Form 990
$2,944,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,593,758
Other Expenses$487,335
Salaries, Compensation, and Employee Benefits$424,762
Total Fundraising Expense$132,511
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,265,566--$1,265,566
Grants to Domestic Individuals$328,192--$328,192
Other Salaries and Wages$85,117$102,360$40,145$227,622
Fees for Service Investment Mgmnt Fees-$136,086-$136,086
Current Officers, Directors, Trustees, and Key Employees$24,200$60,500$36,299$120,999
Occupancy$6,704$20,111$6,704$33,519
Payroll Taxes$8,893$13,145$5,999$28,037
Other Employee Benefits$8,767$13,488$4,721$26,976
Information Technology$7,345$18,172$360$25,877
Pension Plan Contributions$7,726$10,077$3,325$21,128
Fees for Services Accounting-$19,600-$19,600
All Other Expenses$586$9,446$6,226$16,258
Office Expenses-$13,164-$13,164
Other Expenses$8,645-$25,400$8,645
Fees for Services Legal-$8,276-$8,276
Depreciation Depletion-$5,556-$5,556
Advertising--$2,808$2,808
Travel$108$322$524$954
Conferences and Meetings-$600-$600
Total Functional Expenses$1,942,441$430,903$132,511$2,505,855

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,505,855
Expenses per Audited Statements$2,333,831
Total Expenses per Audited Statements$2,333,831
Expenses Not Reported on Financial Statements$172,024
Other Expense Adjustments$35,938
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United Way of Weld CountyGreeley, CO-Program, Charitable$274,669
Fidelity CharitableBoston, MA-Program$92,983
Weld Food BankGreeley, CO-Program, Charitable$56,310
Unc Foundation IncGreeley, CO-Program, Charitable$41,906
Westview Church of ChristGreeley, CO-Charitable$35,000
Longs Peak Council Inc Boy ScoutsGreeley, CO-Program, Charitable$34,572
OUR SAVIOR'S LUTHERAN CHURCHGreeley, CO-Program, Charitable$28,500
Greeley Philharmonic Orchestra AssoGreeley, CO-Program, Charitable$25,107
Generations ChurchGreeley, CO-Program, Charitable$25,000
Poudre Learning Center Foundation IGreeley, CO-Program, Charitable$22,612
A WOMAN'S PLACE INCGreeley, CO-Program, Charitable$21,972
Ncmc FoundationGreeley, CO-Program, Charitable$20,989
Life Stories Child & Family AdvocacGreeley, CO-Program$20,123
Champion Ministries Inc Dba GrounCastle Rock, CO-Program$20,000
Catholic Charities Northern - WeldGreeley, CO-Program, Charitable$18,366
Meals on Wheels of Greeley IncGreeley, CO-Program, Charitable$18,167
The Salvation ArmyGreeley, CO-Charitable$17,829
Immigrant and Refugee Center of NorEvans, CO-Program, Charitable$16,918
North Range Behavioral HealthGreeley, CO-Program$16,049
The Greeley Dream Team IncGreeley, CO-Program, Charitable$15,746
Northern Colorado Youth for ChristGreeley, CO-Program, Charitable$15,250
Colorado Model Railroad MuseumGreeley, CO-Program, Charitable$14,800
Greeley-weld Habitat for HumanityGreeley, CO-Program, Charitable$13,668
First Congregational Church of GreeGreeley, CO-Program, Charitable$13,456
Boys & Girls Clubs of Weld CountyGreeley, CO-Program, Charitable$12,887
Junior Achievement-rocky MountainLoveland, CO-Program$12,500
PartnersFort Collins, CO-Program$12,500
African Christian CollegeAlbuquerque, NM-Charitable$12,000
Greeleyweld Senior Foundation IncGreeley, CO-Charitable$11,625
Soccer Without BordersEvans, CO-Program$11,600
The Success Foundation Serving GreeGreeley, CO-Program, Charitable$11,316
60 RideGreeley, CO-Program, Charitable$10,590
Youth & Family ConnectionsGreeley, CO-Charitable$10,339
Book TrustDenver, CO-Program$10,000
Food Bank for Larimer CountyLoveland, CO-Program$10,000
Foundations ChurchLoveland, CO-Program$10,000
Lutheran Family Services of ColoradFt Collins, CO-Program$10,000
Salida Del Sol AcademyGreeley, CO-Program$10,000
Sexual Assault Victim Advocacy CentFort Collins, CO-Program$10,000
Ymca of Northern ColoradoLafayette, CO-Program$10,000
Youth Empowerment GroupGreeley, CO-Program$10,000
Centennial BocesGreeley, CO-Program$9,000
Trinity Episcopal ChurchGreeley, CO-Program, Charitable$8,400
Greeley Family HouseGreeley, CO-Program, Charitable$8,160
West Greeley Conservation DistrictGreeley, CO-Program$8,026
Assistance League of GreeleyGreeley, CO-Program$7,709
Uchealth Northern Colorado FoundatiFort Collins, CO-Program, Charitable$6,820
The Wild Animal SanctuaryKeenesburg, CO-Charitable$6,806
The Dictionary ProjectCharleston, SC-Program$5,472
Colorado HumanitiesDenver, CO-Program, Charitable$5,100
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$101,309
Fundraising Direct Expenses$34,013
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Thirst Living W$53,215$53,215$12,399$40,816
Decadent Desser$24,644$24,644$8,112$16,532
Total Events$101,309$101,309$34,013$67,296
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Funds$2,062,271
Lease Liability$86,152
Annuity Obligations$39,816
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 35% controlled entity
No
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, Page 6, Part VI, Line 11B

The treasurer when serving as the finance committee chair, receives and reviews the form 990, including a detailed schedule b. The finance committee of the weld community foundation reviews the form 990 (without a detailed schedule b) before filing; in addition, a copy of the form 990 (without a detailed schedule b) is provided to members of the board of directors prior to filing. The foundation's policy on donor confidentiality permits disclosure of donor records including schedule b, to the foundation's board of directors by a majority vote of the board or executive committee.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy applies to all board members, staff, committees, and any other volunteers in any decision-making session. Members shall disclose any possible conflicts before discussion begins. In addition, staff, whether paid or unpaid, shall avoid any conflicts of interest with the foundation. No staff shall have any interest in any entity which does business with the foundation without the prior written approval of the chair of the board. After full disclosure, no staff shall hold any position with any not-for-profit organization that may have been or may become a grantee of the foundation or which may reasonably be considered to compete for funding with other nonprofits that are or may become grantees. Without full disclosure and prior approval by the chair of the board, members are required at the beginning of each term, appointment, or employment, to complete and file with the foundation a conflict of interest disclosure statement. The code of conduct requires an annual update of the conflict of interest disclosure statement.

Form 990, Page 6, Part VI, Line 15A

The board of directors' executive committee evaluates the president annually and determines compensation. The foundation participates in an annual salary and benefits survey with the council on foundations. The executive board reviewed the president's salary in december 2019.

Form 990, Page 6, Part VI, Line 15B

The board of directors' executive committee evaluates employees annually and determines compensation.

Form 990, Page 6, Part VI, Line 19

Financial statements are available on the foundation website and governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Weld Community Foundation
EIN
84-1315296
Phone
9703049970
Address
2425 35TH AVE STE 201, GREELEY, CO 80634

Signing Officer

Name
Rand E Morgan
Title
President/CEO
Phone
9703049970
Signed
2021-05-24

Organization Details

Formed
1995
Legal Domicile
Co
Voting Board Members
18
Independent Board Members
18
Employees
5
Volunteers
68

Preparer

Firm
Anderson & Whitney Pc
Address
5801 W 11TH ST STE 300, GREELEY, CO 80634
Preparer
Melissa Bigler CPA
Phone
9703527990
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

The foundation administers various endowments and charitable funds earmarked for community grants and charitable programs.

Form 990, Part XI, Line 9

Agency fund expenses not in financials 35,938 actuarial change in annuities -6,392 agency fund revenues not in financials -315,420 total -285,874

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation believes that it has conducted its operations in accordance with, and has properly maintained, its tax exempt status, and that it has taken no material uncertain tax positions that qualify for recognition or disclosure in the financial statements. The foundation is no longer subject to u.s. Federal, state, and local, or non-u.s. Income tax examinations by tax authorities for years before 2017.

Schedule D, Page 4, Part XI, Line 2D

Actuarial change in annuity obligations -6,392

Schedule D, Page 4, Part XI, Line 4B

Agency fund revenue not reported in financials 315,420

Schedule D, Page 4, Part XII, Line 4B

Agency fund expenses not reported in financials 35,938

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IRS990/Form990PartVIISectionAGrp/TitleTxt22ND VICE CHA
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/MissionDesc0THE WELD COMMUNITY FOUNDATION PROMOTES PHILANTHROPY TO BUILD RESOURCES, DEVELOPS PARTNERSHIPS, AND PROVIDES LEADERSHIP THAT WILL BE OF LASTING BENEFIT TO OUR COMMUNITIES.
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IRS990/OtherExpensesGrp/Desc1DEVELOPMENT/EVENTS
IRS990/OtherExpensesGrp/Desc2IN-KIND DONATIONS
IRS990/OtherExpensesGrp/Desc3FOUNDATION INITIATIVES
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IRS990/OtherExpensesGrp/ProgramServicesAmt112198
IRS990/OtherExpensesGrp/ProgramServicesAmt28645
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE LITTLER YOUTH FUND AWARDS GRANTS FOR THE BENEFIT OF YOUTH PROGRAMS/ PROJECTS IN WELD COUNTY, INCLUDING A GRANT CYCLE FOR MINI-GRANTS TO AID IN THE DEVELOPMENT OF EFFECTIVE TEACHING STRATEGIES AND PROJECTS BY WELD COUNTY TEACHERS.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0251720
IRS990/ProgSrvcAccomActy3Grp/Desc0THE WELD RECOVERS: COVID-19 RELIEF FUND WAS ESTABLISHED IN A PARTNERSHIP WITH UNITED WAY OF WELD COUNTY. IT PROVIDED FINANCIAL RESOURCES TO CHARITABLE ORGANIZATIONS IN WELD COUNTY INVOLVED IN SUPPORTING POPULATIONS AFFECTED BY THE COVID-19 OUTBREAK.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0204650
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0204650
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE FOUNDATION ADMINISTERS VARIOUS ENDOWMENTS AND CHARITABLE FUNDS EARMARKED FOR COMMUNITY GRANTS AND CHARITABLE PROGRAMS.
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IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt01157361
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt04351
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IRS990/PYOtherRevenueAmt02725243
IRS990/PYProgramServiceRevenueAmt011007
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IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0438581
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt01014969
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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.$63.7$3.24$60.5$7.51$4.85$2.65
2023Detailed filing. Detailed filing data is available for this year.$60.1$3.37$56.7$4.55$4.06$0.48
2022Detailed filing. Detailed filing data is available for this year.$53.2$2.56$50.6$15.8$3.74$12.1
2021Detailed filing. Detailed filing data is available for this year.$51.4$2.79$48.6$13.5$2.37$11.1
2020Detailed filing. Detailed filing data is available for this year.$36.9$2.36$34.6$2.94$2.51$0.44
2019Summary only. Only limited summary data is available for this year.$32.7$1.96$30.7$5.44$1.61$3.82
2018Detailed filing. Detailed filing data is available for this year.$25.4$1.71$23.6$6.39$1.58$4.80
2017Detailed filing. Detailed filing data is available for this year.$21.9$1.70$20.2$4.67$1.80$2.87
2016Detailed filing. Detailed filing data is available for this year.$18.4$1.28$17.1$2.25$1.99$0.27
2015Detailed filing. Detailed filing data is available for this year.$17.5$1.15$16.3$2.63$2.39$0.24
2014Detailed filing. Detailed filing data is available for this year.$18.1$1.15$17.0$3.82$2.55$1.27
2013Detailed filing. Detailed filing data is available for this year.$16.6$1.19$15.4$3.70$2.04$1.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$1.00$12.4$1.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$0.84$10.9$1.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.3$0.82$10.5$1.24