Civic Intelligence

The Westminster Legacy Foundation

990 • Fiscal year 2023 • EIN 84-1576476

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 31, 2024

PO Box 350356Westminster, CO 80031

(303) 658-2036

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.14x

Higher debt load relative to assets than 82% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

0.36x

Higher debt load relative to revenue than 90% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

17th percentile

-26%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

64th percentile

10%

Faster asset growth than 64% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

53rd percentile

7.0%

Faster revenue growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$300,287

Up $27,593 (+10%) from 2022

Net Assets

Down

$257,536

Down $15,485 (-5.7%) from 2022

Liabilities

Up

$42,751

Up $43,078 (+13174%) from 2022

Revenue

Up

$117,519

Up $7,677 (+7.0%) from 2022

Expenses

Up

$147,721

Up $32,726 (+28%) from 2022

Net Income

Down

-$30,202

Down $25,049 (-486%) from 2022

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0-$100KAssets 2011: $159,993Liabilities 2011: $6112011Assets 2012: $173,732Liabilities 2012: $7142012Assets 2013: $201,053Liabilities 2013: $2492013Assets 2014: $222,766Liabilities 2014: $2,758Net Assets 2014: $220,0082014Assets 2015: $206,075Liabilities 2015: $6Net Assets 2015: $206,0692015Assets 2016: $237,949Liabilities 2016: $25Net Assets 2016: $237,9242016Assets 2017: $236,068Liabilities 2017: $10,1192017Assets 2018: $230,512Liabilities 2018: $10,354Net Assets 2018: $220,1582018Assets 2019: $382,143Liabilities 2019: $13,763Net Assets 2019: $368,3802019Assets 2020: $302,173Liabilities 2020: $7,069Net Assets 2020: $295,1042020Assets 2021: $304,289Liabilities 2021: $6,530Net Assets 2021: $297,7592021Assets 2022: $272,694Liabilities 2022: -$327Net Assets 2022: $273,0212022Assets 2023: $300,287Liabilities 2023: $42,751Net Assets 2023: $257,5362023Assets 2024: $241,399Liabilities 2024: $0Net Assets 2024: $241,3992024

Highlighted filing

2023

Assets$300,287
Liabilities$42,751
Net Assets$257,536

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $57,234Expenses 2011: $50,183Net Income 2011: $7,0512011Revenue 2012: $57,053Expenses 2012: $49,210Net Income 2012: $7,8432012Revenue 2013: $74,631Expenses 2013: $54,871Net Income 2013: $19,7602013Revenue 2014: $86,286Expenses 2014: $61,396Net Income 2014: $24,8902014Revenue 2015: $55,820Expenses 2015: $49,528Net Income 2015: $6,2922015Revenue 2016: $62,761Expenses 2016: $30,906Net Income 2016: $31,8552016Revenue 2017: $61,935Expenses 2017: $73,910Net Income 2017: -$11,9752017Revenue 2018: $279,696Expenses 2018: $302,612Net Income 2018: -$22,9162018Revenue 2019: $266,380Expenses 2019: $130,869Net Income 2019: $135,5112019Revenue 2020: $242,680Expenses 2020: $325,484Net Income 2020: -$82,8042020Revenue 2021: $54,281Expenses 2021: $58,014Net Income 2021: -$3,7332021Revenue 2022: $109,842Expenses 2022: $114,995Net Income 2022: -$5,1532022Revenue 2023: $117,519Expenses 2023: $147,721Net Income 2023: -$30,2022023Revenue 2024: $132,368Expenses 2024: $148,505Net Income 2024: -$16,1372024

Highlighted filing

2023

Revenue$117,519
Expenses$147,721
Net Income-$30,202
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 31, 2024
Return Version
2023v5.1
Gross Receipts
$219,631
Mission and Program Overview

Mission

We enrich the spirit and identity of westminster now and for future generations by connecting people who care with causes that enrich our community. Established as a foundation in 2001, the westminster legacy foundation serves as the leader, catalyst and resource for philanthropy in our community. We provide donors with a flexible means of making gifts and bequests to support the charitable causes that make the city of westminster an outstanding community in which to live, work and play.

We enrich the spirit and indentity of westminster now and for future generations by connecting people who care with causes that enrich our community. We serve as the leader, catalyst and resource for philantrhopy in our community. We provide donors with flexible means of making gifts and bequests to support the charitable causes that make the city of westminster an outstanding community in which to live, work and play.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$202,576$223,900▲ $21,324
Savings and Temporary Cash Investments$70,118$76,290▲ $6,172
Total Assets$272,694$300,287▲ $27,593
Other Assets Total$0$97▲ $97
Liabilities
Accounts Payable and Accrued Expenses$-327$42,751▲ $43,078
Total Liabilities$-327$42,751▲ $43,078
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$189,265$173,780▼ $15,485
Net Assets With Donor Restrictions$83,756$83,756→ $0
Total Net Assets Fund Balance$273,021$257,536▼ $15,485
Total Liabilities and Net Assets / Fund Balance$272,694$300,287▲ $27,593
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike LazarPresident of Board
Ryan MccoyVice President
Bill ChristopherDirector
Bryan DaisDirector
Carroll BeachDirector
Dave DemottDirector
Karen BigelowDirector
Kristiana KarlinDirector
Marilyn FlachmanDirector
Michelle GayeskiDirector
Mike LitzauDirector
Natalie MartinezDirector
Obi EzeadiDirector
Thomas Herrera MischlerDirector
Kelly GetzSecretary
Patti ArroyoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$90,854
Program Service Revenue
$0
Investment Income
$6,607
Other Revenue
$20,058
All Other Contributions
$38,460
Change in Net Assets
$-30,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$147,721
Total Fundraising Expense$16,710
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$80,704-$80,704
Advertising--$15,161$15,161
Fees for Services Other-$14,801-$14,801
Other Expenses$4,908$2,788$1,549$1,549
Insurance-$1,066-$1,066
Conferences and Meetings-$686-$686
Total Functional Expenses$30,966$100,045$16,710$147,721
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$18,783
Fundraising Gross Income$14,348
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$25,214$11,263$3,339$7,924
Award Breakfast$12,478$3,085$105$2,980
Total Events$37,692$14,348$18,783$-4,435
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
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, Part VI, Section B, Line 11B

Form 990 is reviewed by the executive board prior to filing.

Form 990, Part VI, Section B, Line 15A

The city of westminster performs a salary survey to compare salaries and benefits.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Westminster Community Foundation
EIN
84-1576476
Phone
3036582036
Address
PO BOX 350356, WESTMINSTER, CO 80031

Signing Officer

Name
Natalie a Martinez
Title
Executive Director
Phone
3034045546
Signed
2024-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Natalie a Martinez
Formed
2001
Legal Domicile
Co
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
18

Preparer

Firm
Jones Mertsching Cpas Pc
Address
32186 CASTLE COURT SUITE 220, EVERGREEN, CO 80439
Preparer
Eric L Jones CPA
Phone
3034809090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside contract fees: program service expenses 0. Management and general expenses 14,801. Fundraising expenses 0. Total expenses 14,801.

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IRS990/OtherAssetsTotalGrp/EOYAmt097
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM SERVICES
IRS990/OtherExpensesGrp/Desc1ARMED FORCES TRIBUTE
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/Desc3IN KIND PAID
IRS990/OtherExpensesGrp/FundraisingAmt01549
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02788
IRS990/OtherExpensesGrp/ProgramServicesAmt026058
IRS990/OtherExpensesGrp/ProgramServicesAmt14908
IRS990/OtherExpensesGrp/TotalAmt026058
IRS990/OtherExpensesGrp/TotalAmt14908
IRS990/OtherExpensesGrp/TotalAmt22788
IRS990/OtherExpensesGrp/TotalAmt31549
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt024493
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt024493
IRS990/OtherRevenueTotalAmt024493
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0NATALIE A MARTINEZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION FUNDS PARKS AND RECREATION, AND ARTS AND CULTURE PROGRAMS IN THE COMMUNITY
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt026058
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0109710
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03776
IRS990/PYOtherExpensesAmt0114995
IRS990/PYOtherRevenueAmt0-3644
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-5153
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0114995
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0109842
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-30202
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt070118
IRS990/SavingsAndTempCashInvstGrp/EOYAmt076290
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt090854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0109710
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt070330
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0242241
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0107916
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0621051
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07188
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03776
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03052
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03966
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05146
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023128
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0166536
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92080
IRS990ScheduleA/PublicSupportPY170Pct00.96500
IRS990ScheduleA/PublicSupportTotal170Amt0593129
IRS990ScheduleA/SubstantialContributorsTotAmt027922
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt090854
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0109710
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt070330
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0242241
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0107916
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0621051
IRS990ScheduleA/TotalSupportAmt0644179
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt0690
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt01426
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt02116
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt023344
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt013951
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt09393
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018783
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0AWARD BREAKFAST
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt025214
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt012478
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt037692
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt011263
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt03085
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt014348
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-4435
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03444
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03339
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0105
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt03788
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt09435
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt013223
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE EXECUTIVE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CITY OF WESTMINSTER PERFORMS A SALARY SURVEY TO COMPARE SALARIES AND BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OUTSIDE CONTRACT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 14,801. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,801.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0272694
IRS990/TotalAssetsEOYAmt0300287
IRS990/TotalAssetsGrp/BOYAmt0272694
IRS990/TotalAssetsGrp/EOYAmt0300287
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt090854
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016710
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0100045
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt030966
IRS990/TotalFunctionalExpensesGrp/TotalAmt0147721
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0-327
IRS990/TotalLiabilitiesEOYAmt042751
IRS990/TotalLiabilitiesGrp/BOYAmt0-327
IRS990/TotalLiabilitiesGrp/EOYAmt042751
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0273021
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0257536
IRS990/TotalOtherCompensationAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$0.00$2.41$1.32$1.49$0.16
2023Detailed filing. Detailed filing data is available for this year.$3.00$0.43$2.58$1.18$1.48$0.30
2022Detailed filing. Detailed filing data is available for this year.$2.73$0.00$2.73$1.10$1.15$0.05
2021Detailed filing. Detailed filing data is available for this year.$3.04$0.07$2.98$0.54$0.58$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.02$0.07$2.95$2.43$3.25$0.83
2019Detailed filing. Detailed filing data is available for this year.$3.82$0.14$3.68$2.66$1.31$1.36
2018Summary only. Only limited summary data is available for this year.$2.31$0.10$2.20$2.80$3.03$0.23
2017Summary only. Only limited summary data is available for this year.$2.36$0.10$0.62$0.74$0.12
2016Detailed filing. Detailed filing data is available for this year.$2.38$0.00$2.38$0.63$0.31$0.32
2015Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$0.56$0.50$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.23$0.03$2.20$0.86$0.61$0.25
2013Summary only. Only limited summary data is available for this year.$2.01$0.00$0.75$0.55$0.20
2012Summary only. Only limited summary data is available for this year.$1.74$0.01$0.57$0.49$0.08
2011Summary only. Only limited summary data is available for this year.$1.60$0.01$0.57$0.50$0.07