Civic Intelligence

Columbus Foundation Inc.

990 • Fiscal year 2021 • EIN 87-6130042

Jul 01, 2020 to Jun 30, 2021 • Filed on Jul 18, 2022

3495 S West TempleSalt Lake City, UT 84115-4338

(801) 262-1552

Siviq Scores

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

Liabilities / Assets

71st percentile

0.44x

Higher debt load relative to assets than 71% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

1.06x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

78th percentile

35%

Higher net margin than 78% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

17th percentile

$122,137

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

66th percentile

17%

Faster asset growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

73rd percentile

35%

Faster revenue growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$28,056,615

Up $4,042,733 (+17%) from 2020

Net Assets

Up

$15,716,940

Up $4,170,245 (+36%) from 2020

Liabilities

Down

$12,339,675

Down $127,512 (-1.0%) from 2020

Revenue

Up

$11,607,204

Up $3,018,291 (+35%) from 2020

Expenses

Down

$7,492,702

Down $11,361 (-0.2%) from 2020

Net Income

Up

$4,114,502

Up $3,029,652 (+279%) from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $4,958,374Liabilities 2011: $3,206,735Net Assets 2011: $1,751,6392011Assets 2012: $5,134,868Liabilities 2012: $3,045,653Net Assets 2012: $2,089,2152012Assets 2013: $5,056,811Liabilities 2013: $1,838,918Net Assets 2013: $3,217,8932013Assets 2014: $5,830,251Liabilities 2014: $1,763,787Net Assets 2014: $4,066,4642014Assets 2015: $8,411,291Liabilities 2015: $2,921,260Net Assets 2015: $5,490,0312015Assets 2016: $8,954,856Liabilities 2016: $2,121,068Net Assets 2016: $6,833,7882016Assets 2017: $10,081,396Liabilities 2017: $2,267,139Net Assets 2017: $7,814,2572017Assets 2018: $10,651,279Liabilities 2018: $1,748,930Net Assets 2018: $8,902,3492018Assets 2019: $22,348,651Liabilities 2019: $11,886,806Net Assets 2019: $10,461,8452019Assets 2020: $24,013,882Liabilities 2020: $12,467,187Net Assets 2020: $11,546,6952020Assets 2021: $28,056,615Liabilities 2021: $12,339,675Net Assets 2021: $15,716,9402021Assets 2022: $27,488,014Liabilities 2022: $11,084,779Net Assets 2022: $16,403,2352022Assets 2023: $29,147,582Liabilities 2023: $10,486,239Net Assets 2023: $18,661,3432023Assets 2024: $28,606,260Liabilities 2024: $9,929,520Net Assets 2024: $18,676,7402024Assets 2025: $29,045,504Liabilities 2025: $10,146,847Net Assets 2025: $18,898,6572025

Highlighted filing

2021

Assets$28,056,615
Liabilities$12,339,675
Net Assets$15,716,940

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $854,008Expenses 2011: $564,962Net Income 2011: $289,0462011Expenses 2012: $514,3982012Revenue 2013: $1,641,854Expenses 2013: $513,176Net Income 2013: $1,128,6782013Revenue 2014: $1,318,698Expenses 2014: $470,127Net Income 2014: $848,5712014Revenue 2015: $5,151,928Expenses 2015: $3,728,008Net Income 2015: $1,423,9202015Revenue 2016: $8,462,403Expenses 2016: $7,119,615Net Income 2016: $1,342,7882016Revenue 2017: $9,166,606Expenses 2017: $8,202,794Net Income 2017: $963,8122017Revenue 2018: $9,459,996Expenses 2018: $8,387,043Net Income 2018: $1,072,9532018Revenue 2019: $9,849,804Expenses 2019: $8,327,707Net Income 2019: $1,522,0972019Revenue 2020: $8,588,913Expenses 2020: $7,504,063Net Income 2020: $1,084,8502020Revenue 2021: $11,607,204Expenses 2021: $7,492,702Net Income 2021: $4,114,5022021Revenue 2022: $8,437,229Expenses 2022: $7,231,892Net Income 2022: $1,205,3372022Revenue 2023: $9,680,202Expenses 2023: $7,766,156Net Income 2023: $1,914,0462023Revenue 2024: $7,780,332Expenses 2024: $8,268,618Net Income 2024: -$488,2862024Revenue 2025: $8,755,354Expenses 2025: $8,770,068Net Income 2025: -$14,7142025

Highlighted filing

2021

Revenue$11,607,204
Expenses$7,492,702
Net Income$4,114,502
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jul 18, 2022
Return Version
2020v4.0
Gross Receipts
$12,386,689
Mission and Program Overview

Mission

Columbus foundation, inc. Supports columbus community center in creating community partnerships and entrepreneurial opportunities that enable individuals with disabilities to achieve the highest level of independence possible. The organization has four major programs which are offered for individuals with developmental and physical disabilities: vocational training, supported employment; residential services; and a day activity program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,655,198$10,074,828▼ $580,370
Cash and Non-Interest-Bearing Accounts$5,068,857$8,654,394▲ $3,585,537
Other Notes and Loans Receivable, Net$5,418,259$5,418,259→ $0
Accounts Receivable$1,017,244$1,033,692▲ $16,448
Investments in Publicly Traded Securities$128,646$178,902▲ $50,256
Prepaid Expenses and Deferred Charges$49,436$164,313▲ $114,877
Pledges and Grants Receivable$304,544$130,295▼ $174,249
Savings and Temporary Cash Investments$1,647$1,647→ $0
Investments Other Securities$314$314→ $0
Total Assets$23,680,282$28,056,615▲ $4,376,333
Other Assets Total$1,036,137$2,399,971▲ $1,363,834
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,642,725$10,154,750▼ $487,975
Accounts Payable and Accrued Expenses$531,197$1,364,835▲ $833,638
Tax Exempt Bond Liabilities$964,238$820,090▼ $144,148
Total Liabilities$12,138,160$12,339,675▲ $201,515
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,822,440$15,322,062▲ $8,499,622
Net Assets With Donor Restrictions$4,719,682$394,878▼ $4,324,804
Total Net Assets Fund Balance$11,542,122$15,716,940▲ $4,174,818
Total Liabilities and Net Assets / Fund Balance$23,680,282$28,056,615▲ $4,376,333

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,654,271$2,178,219$10,832,490
Equipment$573,580$592,588$1,166,168
Land$728,447-$728,447
Leasehold Improvements$118,530$130,874$249,404
Other Assets Org$58,316--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$137,315$15,000▲ $12,799-$152,315
2017$132,315$5,000▲ $14,751-$137,315
2016$125,484$6,831▲ $15,492-$132,315
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kristy ChambersCEOFT$122,137$122,137
KENT O'QUINNCFOFT$79,977$79,977

Board Members and Trustees

NameTitle
Mike WillhardChair
Rich BottPast Chair
Alexis CruzBoard Member
Dr William McmahonBoard Member
Jennifer HwuBoard Member
Jennifer L FalkBoard Member
Kimberly BarnettBoard Member
Lance AllredBoard Member
Leslie HacketBoard Member
Mason DimockBoard Member
Melanie McbrideBoard Member
Ryan NelsonBoard Member
Sgt John PearceBoard Member
Wayne NeiderhauserBoard Member
Margarita AngeloSecretary
Jill FlygareTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,815,500
Program Service Revenue
$6,556,827
Investment Income
$3,209,130
Other Revenue
$25,747
All Other Contributions
$514,852
Change in Net Assets
$4,114,502

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,607,204
Revenue Not Reported on Form 990
$60,316
Total Revenue per Audited Statements
$11,667,520
Total Revenue per Form 990
$11,607,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,982,466
Other Expenses$2,510,236
Total Fundraising Expense$304,853
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,491,679$265,755$162,011$3,919,445
Depreciation Depletion$594,565$25,342$3,168$623,075
Fees for Services Other$388,681$132,365$47,956$569,002
Occupancy$258,219$287,777$3,346$549,342
Other Employee Benefits$406,336$110,874$24,013$541,223
Payroll Taxes$261,803$22,115$24,880$308,798
Interest$224,630$1,996$250$226,876
Current Officers, Directors, Trustees, and Key Employees-$187,400$25,600$213,000
Insurance$178,157$16,317$6,783$201,257
Travel$92,653$9,618-$102,271
Office Expenses$60,324$17,767$6,632$84,723
Fees for Services Accounting-$33,280-$33,280
Other Expenses$5,316$1,721$214$7,037
Total Functional Expenses$6,031,066$1,156,783$304,853$7,492,702

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,492,702
Total Expenses per Audited Statements$7,492,702
Total Expenses per Form 990$7,492,702
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Yes
Audit committee
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

Prior to filing the 990, the 990 is reviewed by the organization's cfo, ceo, and audit committee. A copy of the 990 is provided to the full board of directors for comment prior to filing.

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

Each year the members of the board and management are required to disclose potential conflicts of interest. The executive committee reviews all potential conflicts of interest to assess what action should be taken. Any executive board member who discloses a potential conflict of interest is recused from board discussions of his or her potentail conflict of interest. The entire board receives governance training on an annual basis.

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

Compensation for the chief executive officer is determined by board members who are all independent of the chief executive officer. In this process, the board members use wage comparability data for similar positions in the region to determine a reasonable salary. The deliberation and determination of executive director compensation is documented contemporaneously in the board minutes.

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

Compensation for other officers is determined by board members who are all independent of the other officers. In this process, the board members use wage comparability data for similar positions in the region to determine a reasonable salary. The deliberation and determination of other officer compensation is documented contemporaneously in the board minutes.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, financial statements, and conflict of interest policy are made available to the public upon request at the organization's offices during regular office hours.

Filing and Contact Details

Filer

Filer Name
Columbus Foundation Inc
EIN
87-6130042
Phone
8012621552
Address
3495 S WEST TEMPLE, SALT LAKE CITY, UT 84115-4338

Signing Officer

Name
Kristy Chambers
Title
CEO
Phone
8012621552
Signed
2022-07-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristy Chambers
Formed
1968
Legal Domicile
Ut
Voting Board Members
16
Independent Board Members
16
Employees
277
Volunteers
16

Preparer

Firm
Bountiful Peak Advisors
Address
1564 SOUTH 500 WEST SUITE 201, BOUNTIFUL, UT 84010-7400
Preparer
Justin R Shaw CPA Cfe Cgma
Phone
8012943155
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

A financial audit was completed after filing the original return. The amendment reflects changes made in the audit.

FORM 990 - ORGANIZATION'S MISSION

Columbus foundation, inc. Supports columbus community center in creating community partnerships and entrepreneurial opportunities that enable individuals with disabilities to achieve the highest level of independence possible. The organization has four major programs which are offered for individuals with developmental and physical disabilities: vocational training, supported employment; residential services; and a day activity program.

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

Vocational support services the pandemic significantly curtailed our ability to provide vocational supports in the community. Specifically, the ihc laundry program paused the contract while elective surgeries were put on hold. Just prior to the beginning of the 2020/2021 fiscal year ihc resumed the contract with a minimal workforce of 10, but by the end of the year had increased the staffing to 16 clients, and added 3 additional clients to the 4 already working at ihc homecare. The janitorial contracts changed their function from daily cleaning to deep cleaning and the grounds contracts went generally unaffected by covid due to the job being outside and the ease in social distancing. We were able to continue to employ the 26 staff and clients working on those contracts. Shred took one of the deepest hits to the program during covid due to the need to enter other company's office space and visitor restrictions, and still hasn't fully recovered. Many of the clients in the shred program, upon their return, opted to move to the activities program, and therefore are still receiving services at columbus, but not employment at columbus.

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

Community employment the community employment department consists of three different programs. The first one is our supported employment program. The supported employment staff worked with 80 individuals to find and maintain competitive integrated employment in the community, as well as providing on-going job coaching for client's who need this service. The second program is the nextwork autism program. During fy20 this program provided assessments, classes, and employment services to 58 individuals with autism. In fy21, 10 clients were able to move into the new hub of opportunity building in which nextwork now operates. The third program is columbus connects. This program is funded by usor (utah state office of rehabilitation) and provided pre-ets (pre-employment and transition services) services to students ages 14-21 years old. The remote learning caused by the pandemic significantly curtailed this program with columbus connects serving 35 students for the year.

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

Activities the organization's staff provides an activities program for medically fragile and other clients who are not capable of working but are able and willing to socialize with each other. The activities program is operated in a separate building. Fy21, the organization provided activities programs for 66 individuals.

Form 990, Part XI, Line 9

MINORITY INTEREST 0

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The peter demirali scholarship fund provides annual funding for specific activities, including dignity through work scholarships and general operations. The heather lyn bowman fund provides annual funding for dignity through work scholarships.

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IRS990/MissionDesc0COLUMBUS FOUNDATION, INC. SUPPORTS COLUMBUS COMMUNITY CENTER IN CREATING COMMUNITY PARTNERSHIPS AND ENTREPRENEURIAL OPPORTUNITIES THAT ENABLE INDIVIDUALS WITH DISABILITIES TO ACHIEVE THE HIGHEST LEVEL OF INDEPENDENCE POSSIBLE. THE ORGANIZATION HAS FOUR MAJOR PROGRAMS WHICH ARE OFFERED FOR INDIVIDUALS WITH DEVELOPMENTAL AND PHYSICAL DISABILITIES: VOCATIONAL TRAINING, SUPPORTED EMPLOYMENT; RESIDENTIAL SERVICES; AND A DAY ACTIVITY PROGRAM.
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IRS990/ProgSrvcAccomActy2Grp/Desc0RESIDENTIAL SERVICES RESIDENTIAL SERVICES ARE PROVIDED TO APPROXIMATELY 56 CLIENTS AT A TIME, RANGING FROM MEDICALLY FRAGILE TO REASONABLY INDEPENDENT IN SEVEN FACILITIES LOCATED IN THE SALT LAKE AREA. SOME OF THE RESIDENTIAL FACILITIES ARE STAFFED 24 HOURS DAILY, WHILE OTHER RESIDENTIAL FACILITIES ARE STAFFED AS NEEDED TO PROVIDE OCCASIONAL ASSISTANCE TO CLIENTS. DURING FY21, THE ORGANIZATION PROVIDED RESIDENTIAL SERVICES TO 59 INDIVIDUALS. WE ARE PROUD TO SAY THAT OUR CLIENTS REMAINED HEALTHY THROUGHOUT THE PANDEMIC WITH ALL RESIDENTIAL CLIENTS FULLY VACCINATED IN EARLY 2021.
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IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY EMPLOYMENT THE COMMUNITY EMPLOYMENT DEPARTMENT CONSISTS OF THREE DIFFERENT PROGRAMS. THE FIRST ONE IS OUR SUPPORTED EMPLOYMENT PROGRAM. THE SUPPORTED EMPLOYMENT STAFF WORKED WITH 80 INDIVIDUALS TO FIND AND MAINTAIN COMPETITIVE INTEGRATED EMPLOYMENT IN THE COMMUNITY, AS WELL AS PROVIDING ON-GOING JOB COACHING FOR CLIENT'S WHO NEED THIS SERVICE. THE SECOND PROGRAM IS THE NEXTWORK AUTISM PROGRAM. DURING FY20 THIS PROGRAM PROVIDED ASSESSMENTS, CLASSES, AND EMPLOYMENT SERVICES TO 58 INDIVIDUALS WITH AUTISM. IN FY21, 10 CLIENTS WERE ABLE TO MOVE INTO THE NEW HUB OF OPPORTUNITY BUILDING IN WHICH NEXTWORK NOW OPERATES. THE THIRD PROGRAM IS COLUMBUS CONNECTS. THIS PROGRAM IS FUNDED BY USOR (UTAH STATE OFFICE OF REHABILITATION) AND PROVIDED PRE-ETS (PRE-EMPLOYMENT AND TRANSITION SERVICES) SERVICES TO STUDENTS AGES 14-21 YEARS OLD. THE REMOTE LEARNING CAUSED BY THE PANDEMIC SIGNIFICANTLY CURTAILED THIS PROGRAM WITH COLUMBUS CONNECTS SERVING 35 STUDENTS FOR THE YEAR.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0ACTIVITIES THE ORGANIZATION'S STAFF PROVIDES AN ACTIVITIES PROGRAM FOR MEDICALLY FRAGILE AND OTHER CLIENTS WHO ARE NOT CAPABLE OF WORKING BUT ARE ABLE AND WILLING TO SOCIALIZE WITH EACH OTHER. THE ACTIVITIES PROGRAM IS OPERATED IN A SEPARATE BUILDING. FY21, THE ORGANIZATION PROVIDED ACTIVITIES PROGRAMS FOR 66 INDIVIDUALS.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$29.0$10.1$18.9$8.76$8.77$0.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.6$9.93$18.7$7.78$8.27$0.49
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.1$10.5$18.7$9.68$7.77$1.91
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$11.1$16.4$8.44$7.23$1.21
2021Detailed filing. Detailed filing data is available for this year.$28.1$12.3$15.7$11.6$7.49$4.11
2020Detailed filing. Detailed filing data is available for this year.$24.0$12.5$11.5$8.59$7.50$1.08
2019Detailed filing. Detailed filing data is available for this year.$22.3$11.9$10.5$9.85$8.33$1.52
2018Detailed filing. Detailed filing data is available for this year.$10.7$1.75$8.90$9.46$8.39$1.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$2.27$7.81$9.17$8.20$0.96
2016Detailed filing. Detailed filing data is available for this year.$8.95$2.12$6.83$8.46$7.12$1.34
2015Detailed filing. Detailed filing data is available for this year.$8.41$2.92$5.49$5.15$3.73$1.42
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.83$1.76$4.07$1.32$0.47$0.85
2013Summary only. Only limited summary data is available for this year.$5.06$1.84$3.22$1.64$0.51$1.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.13$3.05$2.09$0.51
2011Summary only. Only limited summary data is available for this year.$4.96$3.21$1.75$0.85$0.56$0.29
Peer Organizations

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