Community First Foundation FY2021 filing

Tax-deductible

Arvada, CO501(c)(3)Since 1975Foundations & GrantmakersEIN 51-0157964

We connect ideas, people and nonprofits to make good happen.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$1.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $11.1M a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$58.3M
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 18 voting members
Looks good: 17 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$151.8M
+53% vs prior year
Spent
$96.3M
To programs
97%
Net assets
$507.5M
By yearFY2020–FY2024
Revenue
$151.8M
FY2021▲ +53%
Revenue by fiscal year
FY2020$99.0M
FY2021$151.8M
FY2022$96.7M
FY2023$92.6M
FY2024$115.2M
Expenses
$96.3M
FY2021▲ +9%
Expenses by fiscal year
FY2020$88.5M
FY2021$96.3M
FY2022$106.3M
FY2023$101.7M
FY2024$107.0M
Net assets
$507.5M
FY2021▲ +12%
Net assets by fiscal year
FY2020$453.3M
FY2021$507.5M
FY2022$425.8M
FY2023$437.9M
FY2024$459.1M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1975.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $93.4M Management & general 2% · $2.0M Fundraising 1% · $859K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

25 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec VP (term Ended 12/31/2020)
$301,016Pt VII · Sec A
President & CEO
$289,354Pt VII · Sec A
COO and CFO
$240,843Pt VII · Sec A
VP of Community Impact
$181,307Pt VII · Sec A
$145,744Pt VII · Sec A
VP Product Development
$132,152Pt VII · Sec A
VP Marketing & Communicati
$123,217Pt VII · Sec A
VP Business Development & Community Engagement
$109,615Pt VII · Sec A

Kelly S Dunkin’s $408K as President & CEO is at the 36th percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kelly S Dunkin$407,720$344,271$322,479$289,354$282,424
Cheryl Haggstrom———$301,016—
Kenneth R Kirwin$283,895$284,225$269,381$240,843$233,540
Jennifer Robinson$275,368$252,208$205,091——
Cheryl S Haggstrom————$255,223
Erica Thornley$210,767$196,079$175,762$132,152—
Christine Moreland$203,011$203,732$165,597$145,744$122,701
Noah Atencio—$198,295$189,785$181,307$176,336

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Community First Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects donors with Colorado nonprofits through fundraising platforms, grantmaking, and philanthropic tools to strengthen communities and improve lives in Jefferson County and statewide.

Provided by the organization

This section is blank until Community First Foundation claims this page.

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1 program service account for $93.4M of program spending, described in the organization's own filed words · FY2021.
01

Community first foundation has been connecting donors and innovative colorado nonprofits since 1975. As the community foundation serving jefferson county (jeffco), colorado, we are committed to activating ideas, people and resources so that all jeffco communities have the opportunity to thrive.

$93.4Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$20K
Grants paid · 9,783 grants · $434.4M · 2020–2024
VitalantAZ · FY2024$2,210,186
Food Bank of the RockiesCO · FY2024$1,528,984
Denver Rescue MissionCO · FY2024$833,245
Gj BlackoutCO · FY2024$713,506
St Anne's Episcopal School INCCO · FY2024$546,843
Humane ColoradoCO · FY2024$538,607
Regis Jesuit High SchoolCO · FY2024$506,588
Evergreen Christian OutreachCO · FY2024$441,155
See all 9,783 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$151.8M
Ln 12
Gifts and grantsLn 1h$87.1M
Investment incomeLn 3$63.3M
Other incomeLn 4–11$1.3M
Money outPt IX
$96.3M
Ln 25
Programscol B$93.4M
Managementcol C$2.0M
Fundraisingcol D$859K
Owns and owesPt X
$507.5M
net assets · Ln 32
Cash and savingsLn 1–2$17.2M
Total assetsLn 16$565.8M
LiabilitiesLn 26$58.3M
PeoplePt VI, VII
25
listed · VII A
PaidVII A8
Voting boardVI 1a18
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$87.1M
Noncash giftsLn 1g$934K
Investment incomeLn 3$63.3M
Other incomeLn 4–11$1.3M
Gains on assetsLn 7$51.4M
Total revenueLn 12$151.8M
Assets in detailPt X, end of year
SavingsLn 2$17.2M
Cash and savings togetherLn 1–2$17.2M
InvestmentsLn 11–13$543.7M
Land, buildings, equipmentLn 10c$3.2M
Other assetsLn 15$1.5M
Total assetsLn 16$565.8M
LiabilitiesLn 26$58.3M
Net assetsLn 32$507.5M
OperationsPt I, VI
EmployeesI 530
VolunteersI 656
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$8.3M$17.2M
InvestmentsLn 11–13$488.1M$543.7M
Land, buildings, equipmentLn 10c$3.1M$3.2M
Total assetsLn 16$501.6M$565.8M
LiabilitiesLn 26$48.3M$58.3M
Net assetsLn 32$453.3M$507.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$89.9M$89.9M
Grants to domestic individualsLn 2$22K$22K
Pay of current officers, directors and key staffLn 5$655K$221K$369K$65K
Other salaries and wagesLn 7$1.9M$898K$579K$426K
Pension plan contributionsLn 8$110K$52K$33K$25K
Other employee benefitsLn 9$438K$215K$131K$92K
Payroll taxesLn 10$198K$90K$66K$42K
Legal feesLn 11b$33K$13K$12K$8K
Accounting feesLn 11c$43K$43K
Investment management feesLn 11f$319K$319K
Other fees for servicesLn 11g$117K$79K$20K$18K
Advertising and promotionLn 12$141K$88K$23K$31K
Office expensesLn 13$71K$39K$19K$13K
Information technologyLn 14$219K$122K$60K$37K
TravelLn 17$2K$728$631$548
Conferences, conventions and meetingsLn 19$20K$10K$6K$4K
Depreciation, depletion and amortizationLn 22$190K$146K$26K$18K
InsuranceLn 23$75K$2K$72K$400
Other expenses (24a–d)Ln 24$1.7M$1.4M$225K$73K
All other expensesLn 24e$32K$16K$9K$7K
Total functional expensesLn 25$96.3M$93.4M$2.0M$859K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $115.2M$107.0M$8.2M$459.1M 990 PDF
FY2023 $92.6M$101.7M−$9.1M$437.9M 990 PDF
FY2022 $96.7M$106.3M−$9.6M$425.8M 990 PDF
FY2021 Viewing $151.8M$96.3M$55.5M$507.5M 990 PDF
FY2020 $99.0M$88.5M$10.5M$453.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $151,756,882 across 7 lines filed
VIII-1f All other contributions, gifts and grants$87,139,793
VIII-1g Noncash contributions (included above)$934,063
VIII-1h Total contributions, gifts and grants$87,139,793
VIII-3 Investment incomeExcluded from tax $11,938,240$11,938,240
VIII-7 Net gain or loss on sales of assetsExcluded from tax $51,382,028$51,382,028
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $132,440 · Excluded from tax $1,164,381$1,296,821
VIII-12 Total revenueRelated to mission $0 · Unrelated business $132,440 · Excluded from tax $64,484,649$151,756,882
Part IX · Statement of functional expenses $96,250,072 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $89,921,231$89,921,231
IX-2 Grants to domestic individualsPrograms $21,878$21,878
IX-5 Pay of current officers, directors and key staffPrograms $220,852 · Management $368,618 · Fundraising $65,497$654,967
IX-7 Other salaries and wagesPrograms $898,449 · Management $579,273 · Fundraising $425,542$1,903,264
IX-8 Pension plan contributionsPrograms $52,165 · Management $33,340 · Fundraising $24,780$110,285
IX-9 Other employee benefitsPrograms $214,796 · Management $131,058 · Fundraising $91,903$437,757
IX-10 Payroll taxesPrograms $89,550 · Management $66,278 · Fundraising $41,737$197,565
IX-11b Legal feesPrograms $13,154 · Management $12,016 · Fundraising $7,933$33,103
IX-11c Accounting feesManagement $43,125$43,125
IX-11f Investment management feesManagement $318,898$318,898
IX-11g Other fees for servicesPrograms $79,003 · Management $20,211 · Fundraising $17,709$116,923
IX-12 Advertising and promotionPrograms $87,789 · Management $22,594 · Fundraising $30,703$141,086
IX-13 Office expensesPrograms $39,146 · Management $18,659 · Fundraising $12,827$70,632
IX-14 Information technologyPrograms $122,098 · Management $59,527 · Fundraising $37,496$219,121
IX-17 TravelPrograms $728 · Management $631 · Fundraising $548$1,907
IX-19 Conferences, conventions and meetingsPrograms $10,259 · Management $5,602 · Fundraising $3,852$19,713
IX-22 Depreciation, depletion and amortizationPrograms $145,815 · Management $25,783 · Fundraising $17,933$189,531
IX-23 InsurancePrograms $2,278 · Management $72,266 · Fundraising $400$74,944
IX-24 Other expenses (24a–d)Programs $1,444,005 · Management $225,235 · Fundraising $72,684$1,741,924
IX-24e All other expensesPrograms $15,818 · Management $9,094 · Fundraising $7,306$32,218
IX-25 Total functional expensesPrograms $93,379,014 · Management $2,012,208 · Fundraising $858,850$96,250,072
Part X · Balance sheet $565,776,459 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $8,346,748$17,211,003
X-9 Prepaid expenses and deferred chargesStart of year $589,522$169,882
X-10c Land, buildings and equipment, netStart of year $3,140,810$3,226,762
X-11 Publicly traded securitiesStart of year $391,168,108$419,963,348
X-12 Other securitiesStart of year $96,911,740$123,736,777
X-15 Other assetsStart of year $1,421,851$1,468,687
X-16 Total assetsStart of year $501,578,779$565,776,459
X-17 Accounts payable and accrued expensesStart of year $1,184,278$887,154
X-18 Grants payableStart of year $6,306,822$10,775,122
X-25 Other liabilitiesStart of year $40,785,924$46,660,674
X-26 Total liabilitiesStart of year $48,277,024$58,322,950
X-27 Net assets without donor restrictionsStart of year $404,949,243$456,343,424
X-28 Net assets with donor restrictionsStart of year $48,352,512$51,110,085
X-32 Total net assets or fund balancesStart of year $453,301,755$507,453,509
X-33 Total liabilities and net assetsStart of year $501,578,779$565,776,459
Part XI · Reconciliation of net assets $507,453,509 net assets at year end
XI-1 Total revenue$151,756,882
XI-2 Total expenses$96,250,072
XI-3 Revenue less expenses$55,506,810
XI-4 Net assets at start of year$453,301,755
XI-5 Net unrealized gains (losses) on investments$396,198
XI-9 Other changes in net assets−$1,751,254
XI-10 Net assets at end of year$507,453,509

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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