Civic Intelligence

Columbus Foundation Inc.

990 • Fiscal year 2022 • EIN 87-6130042

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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

67th percentile

0.40x

Higher debt load relative to assets than 67% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

81st percentile

1.31x

Higher debt load relative to revenue than 81% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

16th percentile

$122,396

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

42nd percentile

-2.0%

Faster asset growth than 42% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

13th percentile

-27%

Faster revenue growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$27,488,014

Down $568,601 (-2.0%) from 2021

Net Assets

Up

$16,403,235

Up $686,295 (+4.4%) from 2021

Liabilities

Down

$11,084,779

Down $1,254,896 (-10%) from 2021

Revenue

Down

$8,437,229

Down $3,169,975 (-27%) from 2021

Expenses

Down

$7,231,892

Down $260,810 (-3.5%) from 2021

Net Income

Down

$1,205,337

Down $2,909,165 (-71%) from 2021

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

2022

Assets$27,488,014
Liabilities$11,084,779
Net Assets$16,403,235

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

2022

Revenue$8,437,229
Expenses$7,231,892
Net Income$1,205,337
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$8,488,813
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$10,074,828$10,782,296▲ $707,468
Other Notes and Loans Receivable, Net$5,418,259$5,418,259→ $0
Investments in Publicly Traded Securities$178,902$5,180,620▲ $5,001,718
Cash and Non-Interest-Bearing Accounts$8,654,394$2,868,559▼ $5,785,835
Accounts Receivable$1,033,692$1,121,183▲ $87,491
Prepaid Expenses and Deferred Charges$164,313$158,417▼ $5,896
Pledges and Grants Receivable$130,295$55,000▼ $75,295
Savings and Temporary Cash Investments$1,647$1,648▲ $1
Investments Other Securities$314$314→ $0
Total Assets$28,056,615$27,488,014▼ $568,601
Other Assets Total$2,399,971$1,901,718▼ $498,253
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,154,750$9,067,087▼ $1,087,663
Accounts Payable and Accrued Expenses$1,364,835$1,342,009▼ $22,826
Tax Exempt Bond Liabilities$820,090$675,683▼ $144,407
Total Liabilities$12,339,675$11,084,779▼ $1,254,896
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,322,062$16,195,920▲ $873,858
Net Assets With Donor Restrictions$394,878$207,315▼ $187,563
Total Net Assets Fund Balance$15,716,940$16,403,235▲ $686,295
Total Liabilities and Net Assets / Fund Balance$28,056,615$27,488,014▼ $568,601

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,223,690$2,655,997$11,879,687
Equipment$498,470$625,025$1,123,495
Land$956,447-$956,447
Leasehold Improvements$103,689$145,715$249,404
Other Assets Org$49,271--

Endowment Activity

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

Employees

NameTitleFull / Part TimeBaseTotal
Kristy ChambersCEOFT$122,396$122,396
KENT O'QUINNCFOFT$80,005$80,005

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
$1,335,696
Program Service Revenue
$6,776,195
Investment Income
$72,741
Other Revenue
$252,597
All Other Contributions
$344,096
Change in Net Assets
$1,205,337

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,437,229
Revenue Not Reported on Form 990
$-511,534
Total Revenue per Audited Statements
$7,925,695
Total Revenue per Form 990
$8,437,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,860,207
Other Expenses$2,371,685
Total Fundraising Expense$286,785
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,465,923$462,918$183,943$4,112,784
Depreciation Depletion$606,598$24,623$3,078$634,299
Occupancy$162,669$335,476$1,495$499,640
Fees for Services Other$310,107$102,500$41,189$453,796
Other Employee Benefits$349,186$60,358$24,801$434,345
Payroll Taxes$263,050$37,288$12,740$313,078
Interest$243,518$3,656$457$247,631
Insurance$166,323$17,267$6,861$190,451
Travel$137,883$7,199-$145,082
Office Expenses$49,749$25,779$11,367$86,895
Fees for Services Accounting-$23,259-$23,259
Other Expenses$4,698$2,164$854$6,862
Total Functional Expenses$5,822,621$1,122,486$286,785$7,231,892

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,231,892
Total Expenses per Audited Statements$7,231,892
Total Expenses per Form 990$7,231,892
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
2023-05-15
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 - 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 change -7,508

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/Form990PartVIISectionAGrp/PersonNm6ALEXIS CRUZ
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IRS990/Form990PartVIISectionAGrp/PersonNm9JILL FLYGARE
IRS990/Form990PartVIISectionAGrp/PersonNm10LESLIE HACKET
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IRS990/Form990PartVIISectionAGrp/PersonNm12MELANIE MCBRIDE
IRS990/Form990PartVIISectionAGrp/PersonNm13DR WILLIAM MCMAHON
IRS990/Form990PartVIISectionAGrp/PersonNm14WAYNE NEIDERHAUSER
IRS990/Form990PartVIISectionAGrp/PersonNm15RYAN NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm16SGT JOHN PEARCE
IRS990/Form990PartVIISectionAGrp/PersonNm17MIKE WILLHARD
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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
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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/PayrollTaxesGrp/ManagementAndGeneralAmt037288
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IRS990/ProgramServiceRevenueGrp/Desc1CONTRACT REVENUE
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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.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03694792
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.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt050057
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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DELI SALES 9,107
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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Document Assets

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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
2022Detailed filing. Detailed filing data is available for this year.$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