Liabilities / Assets
29th percentile
Higher debt load relative to assets than 29% of similar nonprofits.
Pikes Peak Community Foundation
990 • Fiscal year 2020 • EIN 84-1339670
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.09x
Liabilities / Revenue
53rd percentile
Higher debt load relative to revenue than 53% of similar nonprofits.
Net Margin
88th percentile
Higher net margin than 88% of similar nonprofits.
Top Officer Pay
25th percentile
Higher top officer pay than 25% of similar nonprofits.
Top officer pay equals 1.5% of source-year revenue.
Asset Growth
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
94th percentile
Faster revenue growth than 94% of similar nonprofits.
Balance Sheet
Assets
Up$71,377,076
Up $7,853,302 (+12%) from 2019
Net Assets
Up$64,757,290
Up $6,967,099 (+12%) from 2019
Liabilities
Up$6,619,786
Up $886,203 (+15%) from 2019
Revenue And Expenses
Revenue
Up$13,885,858
Up $6,971,332 (+101%) from 2019
Expenses
Up$8,255,277
Up $777,975 (+10%) from 2019
Net Income
Up$5,630,581
Up $6,193,357 (+1101%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Nov 15, 2021
- Return Version
- 2020v4.1
- Gross Receipts
- $41,984,873
Mission and Program Overview
Mission
Enhance the quality of life in the pikes peak region both now and for future generations. This mission is attained by building a community endowment, helping donors address community needs and providing philanthropic leadership.
Community Trust to promote philanthrophy in the Pikes Peak region
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $49,469,341 | $58,709,412 | ▲ $9,240,071 |
| Land, Buildings, and Equipment, Net | $5,846,958 | $4,120,481 | ▼ $1,726,477 |
| Cash and Non-Interest-Bearing Accounts | $1,920,012 | $1,456,883 | ▼ $463,129 |
| Accounts Receivable | $295,110 | $1,095,400 | ▲ $800,290 |
| Prepaid Expenses and Deferred Charges | $35,353 | $37,900 | ▲ $2,547 |
| Savings and Temporary Cash Investments | $0 | $0 | → $0 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Pledges and Grants Receivable | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | $0 | → $0 |
| Investments Program Related | $0 | $0 | → $0 |
| Intangible Assets | $0 | $0 | → $0 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $63,523,774 | $71,377,076 | ▲ $7,853,302 |
| Other Assets Total | $5,957,000 | $5,957,000 | → $0 |
| Liabilities | |||
| Other Liabilities | $5,568,685 | $6,112,290 | ▲ $543,605 |
| Grants Payable | $133,250 | $186,939 | ▲ $53,689 |
| Accounts Payable and Accrued Expenses | $31,648 | $176,657 | ▲ $145,009 |
| Unsecured Notes Loans Payable | $0 | $143,900 | ▲ $143,900 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $5,733,583 | $6,619,786 | ▲ $886,203 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $57,790,191 | $64,757,290 | ▲ $6,967,099 |
| Net Assets With Donor Restrictions | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $57,790,191 | $64,757,290 | ▲ $6,967,099 |
| Total Liabilities and Net Assets / Fund Balance | $63,523,774 | $71,377,076 | ▲ $7,853,302 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $3,545,000 | - | $1,845,000 |
| Buildings | $553,805 | $181,565 | $735,370 |
| Other Land Buildings | $21,676 | $20,715 | $42,391 |
| Equipment | $0 | $0 | $0 |
| Other Assets Org | $5,957,000 | - | - |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2020 | $14,425,981 | $294,372 | ▲ $1,790,345 | $451,277 | $16,059,421 |
| 2019 | $9,058,692 | $491,355 | ▲ $5,611,696 | $735,852 | $14,425,891 |
| 2018 | $9,380,252 | $518,213 | ▼ $418,953 | $420,820 | $9,058,692 |
| 2017 | $8,192,944 | $954,715 | ▲ $1,172,943 | $940,350 | $9,380,252 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Gary Butterworth | CEO | FT | $180,268 | $34,936 | $215,204 |
| Lori Bellingham | Vice President of Philanthropi | FT | $111,524 | $16,618 | $128,142 |
| Leslie Sabin | Vice President Finance Operati | FT | $111,434 | $12,699 | $124,133 |
Board Members and Trustees
| Name | Title |
|---|---|
| Tony Rosendo | Chairperson |
| Andie Doyle | Vice Chairperson |
| Alex Sullivan | Trustee |
| Ben Harvey | Trustee |
| Bonnie Martinez | Trustee |
| Chris Jenkins | Trustee |
| Deb Mahan | Trustee |
| Heather Carroll | Trustee |
| Katie Gonzalez | Trustee |
| Mari Sinton-Martinez | Trustee |
| Mark Hille | Trustee |
| Michele Strub-Heer | Trustee |
| Pam Shockley-Zalabak | Trustee |
| Randy Case | Trustee |
| Rebecca Kilibarda | Trustee |
| Ward Berlin | Trustee |
| Wendel Torres | Trustee |
| Janet Suthers | Secretary |
| Katie Willemarck | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $11,219,850
- Program Service Revenue
- $107,373
- Investment Income
- $2,494,421
- Other Revenue
- $64,214
- All Other Contributions
- $11,219,850
- Change in Net Assets
- $5,630,581
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $13,632,571
- Revenue Not Reported on Financial Statements
- $253,287
- Revenue Not Reported on Form 990
- $3,109,092
- Total Revenue per Audited Statements
- $16,741,663
- Total Revenue per Form 990
- $13,885,858
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $6,560,073 |
| Salaries, Compensation, and Employee Benefits | $902,429 |
| Other Expenses | $792,775 |
| Total Fundraising Expense | $60,752 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $6,458,697 | - | - | $6,458,697 |
| Other Salaries and Wages | $258,743 | $225,178 | $24,070 | $507,991 |
| Fees for Service Investment Mgmnt Fees | $227,960 | $25,329 | $0 | $253,289 |
| Current Officers, Directors, Trustees, and Key Employees | $109,613 | $95,394 | $10,197 | $215,204 |
| Other Employee Benefits | $63,650 | $55,393 | $5,922 | $124,965 |
| Occupancy | $74,961 | $42,350 | $5,857 | $123,168 |
| Grants to Domestic Individuals | $101,376 | - | - | $101,376 |
| Information Technology | $46,899 | $33,717 | $3,918 | $84,534 |
| Payroll Taxes | $27,165 | $23,641 | $2,527 | $53,333 |
| Advertising | $20,311 | $14,602 | $1,697 | $36,610 |
| Fees for Services Legal | $25,642 | $6,330 | $572 | $32,544 |
| Office Expenses | $17,912 | $12,877 | $1,496 | $32,285 |
| Depreciation Depletion | $20,588 | $5,887 | $0 | $26,475 |
| Insurance | $13,799 | $9,920 | $1,153 | $24,872 |
| Fees for Services Management | $19,497 | $4,813 | $435 | $24,745 |
| Fees for Services Accounting | $18,269 | $4,509 | $408 | $23,186 |
| Travel | $11,648 | $8,374 | $973 | $20,995 |
| Other Expenses | $2,566 | $0 | $0 | $2,566 |
| Conferences and Meetings | $690 | $495 | $58 | $1,243 |
| Pension Plan Contributions | $477 | $415 | $44 | $936 |
| Total Functional Expenses | $7,613,020 | $581,505 | $60,752 | $8,255,277 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $8,255,277 |
| Expenses per Audited Statements | $8,001,990 |
| Total Expenses per Audited Statements | $7,991,845 |
| Expenses Not Reported on Financial Statements | $253,287 |
| Expenses Not Reported on Form 990 | $-10,145 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| City of Colorado Springs Parks Recreation and C | Colorado Springs, CO | gov't | See Part IV | $932,195 |
| Exponential Impact | Colorado Springs, CO | 501c-3 | See Part IV | $501,784 |
| Memorial Health System Foundation DBA UCHealth Mem | Colorado Springs, CO | 501c-3 | See Part IV | $500,000 |
| Compassion International | Colorado Springs, CO | 501c-3 | See Part IV | $200,500 |
| The Place | Colorado Springs, CO | 501c-3 | See Part IV | $152,500 |
| Pikes Peak United Way | Colorado Springs, CO | 501c-3 | See Part IV | $150,783 |
| International Justice Mission | Washington, DC | 501c-3 | See Part IV | $109,700 |
| Catholic Charities of Central Colorado | Colorado Springs, CO | 501c-3 | See Part IV | $105,000 |
| Rotary Foundation of Rotary International | Evanston, IL | 501c-3 | See Part IV | $105,000 |
| Silver Key Senior Services | Colorado Springs, CO | 501c-3 | See Part IV | $103,483 |
| Salvation Army Colorado Springs Corp | Colorado Springs, CO | 501c-3 | See Part IV | $100,750 |
| Young Life | Prescott, AZ | 501c-3 | See Part IV | $100,600 |
| Pikes Peak Hospice Foundation | Colorado Springs, CO | 501c-3 | See Part IV | $93,700 |
| Care and Share Food Bank of Southern Colorado | Colorado Springs, CO | 501c-3 | See Part IV | $83,750 |
| Thrive Network | Colorado Springs, CO | 501c-3 | See Part IV | $80,000 |
| Westside Cares | Colorado Springs, CO | 501c-3 | See Part IV | $77,750 |
| Manitou Springs Community Foundation | Manitou Springs, CO | 501c-3 | See Part IV | $76,247 |
| We Fortify | Colorado Springs, CO | 501c-3 | See Part IV | $73,950 |
| Atlas Preparatory School | Colorado Springs, CO | school | See Part IV | $73,783 |
| Interfaith Hospitality Network DBA Family Promise | Colorado Springs, CO | 501c-3 | See Part IV | $70,600 |
| Tri-Lakes Cares | Monument, CO | 501c-3 | See Part IV | $68,500 |
| Catamount Institute | Colorado Springs, CO | 501c-3 | See Part IV | $66,200 |
| Community Partnership Family Resource Center | Divide, CO | 501c-3 | See Part IV | $65,000 |
| Tessa | Colorado Springs, CO | 501c-3 | See Part IV | $63,050 |
| Community Health Partnership | Colorado Springs, CO | 501c-3 | See Part IV | $63,000 |
| City of Colorado Springs | Colorado Springs, CO | gov't | See Part IV | $62,349 |
| Fostering Hope Foundation | Colorado Springs, CO | 501c-3 | See Part IV | $60,000 |
| Early Connections Learning Centers | Colorado Springs, CO | 501c-3 | See Part IV | $58,000 |
| University of Colorado Colorado Springs--Gifts | Colorado Springs, CO | school | See Part IV | $54,584 |
| First Presbyterian Church | Colorado Springs, CO | church | See Part IV | $53,765 |
| American Red Cross - Pikes Peak Chapter | Colorado Springs, CO | 501c-3 | See Part IV | $52,500 |
| Evangelical Christian Academy | Colorado Springs, CO | school | See Part IV | $50,000 |
| Holy Trinity Anglican Church | Colorado Springs, CO | church | See Part IV | $50,000 |
| Outreach Foundation of the Presbyterian Church In | Franklin, TN | 501c-3 | See Part IV | $50,000 |
| United Way of Larimer County | Fort Collins, CO | 501c-3 | See Part IV | $50,000 |
| Gazette Charities-El Pomar Foundation Empty Stocki | Colorado Springs, CO | 501c-3 | See Part IV | $48,056 |
| Give | Colorado Springs, CO | 501c-3 | See Part IV | $45,018 |
| Community of Caring Foundation Inc | Cripple Creek, CO | 501c-3 | See Part IV | $45,000 |
| Manitou Art Center | Manitou Springs, CO | 501c-3 | See Part IV | $42,750 |
| Partners in Housing | Colorado Springs, CO | 501c-3 | See Part IV | $40,000 |
| YMCA of the Pikes Peak Region | Colorado Springs, CO | 501c-3 | See Part IV | $39,172 |
| Springs Rescue Mission | Colorado Springs, CO | 501c-3 | See Part IV | $36,550 |
| Colorado Springs Food Rescue Inc | Colorado Springs, CO | 501c-3 | See Part IV | $35,000 |
| Greccio Housing Unlimited Inc | Colorado Springs, CO | 501c-3 | See Part IV | $35,000 |
| Servicios de la Raza | Colorado Springs, CO | 501c-3 | See Part IV | $35,000 |
| United States Olympic and Paralympic Museum | Colorado Springs, CO | 501c-3 | See Part IV | $35,000 |
| Fountain Valley Senior Center | Fountain, CO | 501c-3 | See Part IV | $34,500 |
| Careers in Construction Colorado | Colorado Springs, CO | 501c-3 | See Part IV | $32,500 |
| Discover Goodwill Foundation of Southern & Western | Colorado Springs, CO | 501c-3 | See Part IV | $32,500 |
| Rocky Mountain PBS | Denver, CO | 501c-3 | See Part IV | $31,750 |
| CASA of the Pikes Peak Region Inc | Colorado Springs, CO | 501c-3 | See Part IV | $31,000 |
| COSILoveYou | Colorado Springs, CO | 501c-3 | See Part IV | $31,000 |
| Home Front Military Network | Colorado Springs, CO | 501c-3 | See Part IV | $30,750 |
| CPCDGiving Children a Head Start | Colorado Springs, CO | 501c-3 | See Part IV | $30,500 |
| Cultural Office of the Pikes Peak Region | Colorado Springs, CO | 501c-3 | See Part IV | $30,500 |
| Generation Schools Network | Denver, CO | 501c-3 | See Part IV | $30,000 |
| Millibo Art Theatre | Colorado Springs, CO | 501c-3 | See Part IV | $30,000 |
| Harrison School District | Colorado Springs, CO | school | See Part IV | $29,500 |
| Desert Caballeros Western Museum | Wickenburg, AZ | 501c-3 | See Part IV | $25,700 |
| Cheyenne Mountain Zoo | Colorado Springs, CO | 501c-3 | See Part IV | $25,000 |
| Friends of Cheyenne Canyon | Colorado Springs, CO | 501c-3 | See Part IV | $25,000 |
| The Trust For Public Land | Denver, CO | 501c-3 | See Part IV | $25,000 |
| Humane Society of the Pikes Peak Region | Colorado Springs, CO | 501c-3 | See Part IV | $24,399 |
| United Way of Pueblo County Inc | Pueblo, CO | 501c-3 | See Part IV | $24,000 |
| Ute Pass Regional Emergency Medical Services Partn | Woodland Park, CO | 501c-3 | See Part IV | $23,000 |
| Ithaka Land Inc | Colorado Springs, CO | 501c-3 | See Part IV | $22,500 |
| Del E Webb Center for the Performing Arts | Wickenburg, AZ | 501c-3 | See Part IV | $22,250 |
| Town of South Fork | South Fork, CO | 501c-3 | See Part IV | $22,100 |
| Air Force Academy Foundation | USAF Academy, CO | 501c-3 | See Part IV | $22,000 |
| Penrose-St Francis Foundation | Colorado Springs, CO | 501c-3 | See Part IV | $21,500 |
| Ascending to Health Respite Care | Colorado Springs, CO | 501c-3 | See Part IV | $20,500 |
| Pikes Peak Habitat for Humanity | Colorado Springs, CO | 501c-3 | See Part IV | $20,500 |
| Crossfire Ministries | Colorado Springs, CO | 501c-3 | See Part IV | $20,000 |
| Mercy's Gate | Colorado Springs, CO | 501c-3 | See Part IV | $20,000 |
| REACH Pikes Peak | Colorado Springs, CO | 501c-3 | See Part IV | $20,000 |
| Homeward Pikes Peak | Colorado Springs, CO | 501c-3 | See Part IV | $19,050 |
| Academy Christian Church | Colorado Springs, CO | church | See Part IV | $16,720 |
| Project Angel Heart--Colorado Springs | Colorado Springs, CO | 501c-3 | See Part IV | $16,500 |
| Centro de la Familia | Colorado Springs, CO | 501c-3 | See Part IV | $15,500 |
| Kcme | Colorado Springs, CO | 501c-3 | See Part IV | $15,150 |
| Disability Services Inc DBA Envida | Colorado Springs, CO | 501c-3 | See Part IV | $15,000 |
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