Boulder Chamber Foundation FY2022 filing

Tax-deductible

Boulder, CO501(c)(3)Community DevelopmentEIN 83-0563237Revenue $362K in FY2022

On file with the IRSboulderchamberfoundation.org2440 Pearl St, 80302-4632 · Boulder, COTax-exempt since Apr 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Since 2019, the Boulder Chamber Foundation has supported the mission-based and community-focused efforts of the Boulder Chamber.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
1 of 4
filings with a surplus
Average deficit $72K a year · 19% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $241K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$389K
72% of total assets
Worth a look: liabilities are 72% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$362K
-0.9% vs prior year
Spent
$485K
To programs
86%
Net assets
$150K
By yearFY2020–FY2024
Revenue
$362K
FY2022▼ -0.9%
Tap a bar for its year
Revenue by fiscal year
FY2020$64K
FY2021$366K
FY2022$362K
FY2023$352K
FY2024$446K
Expenses
$485K
FY2022▲ +177%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$175K
FY2022$485K
FY2023$608K
FY2024$545K
Net assets
$150K
FY2022▼ -45%
Tap a bar for its year
Net assets by fiscal year
FY2020$82K
FY2021$273K
FY2022$150K
FY2023−$215K
FY2024−$314K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Apr 2019.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $416K Management & general 12% · $58K Fundraising 2% · $11K

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

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member (thru 07/22)
$0Pt VII · Sec A
Board Member (as of 07/22)
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Immediate Past Board Chair
$0Pt VII · Sec A
Board Member (thru 12/22)
$0Pt VII · Sec A
See Boulder Chamber 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 15aNo

Programs and updates

Supports mission-based and community-focused efforts of the Boulder Chamber.

Provided by the organization

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2 programs · $416K · in their own filed words · FY2022
01

Education and job training, diversified and affordable housing, and transportation options.

$402Kprogram expense
02

Support of boulder area small businesses.

$14Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$362K
Ln 12
Fees for servicesLn 2g$316K
Gifts and grantsLn 1h$46K
Investment incomeLn 3$641
Money outPt IX
$485K
Ln 25
Programscol B$416K
Managementcol C$58K
Fundraisingcol D$11K
Owns and owesPt X
$150K
net assets · Ln 32
Cash and savingsLn 1–2$385K
Total assetsLn 16$539K
LiabilitiesLn 26$389K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$46K
Government grantsLn 1e$20K
Fees for servicesLn 2g$316K
Investment incomeLn 3$641
Total revenueLn 12$362K
Assets in detailPt X, end of year
CashLn 1$375K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$385K
Total assetsLn 16$539K
LiabilitiesLn 26$389K
Net assetsLn 32$150K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$266K$385K
Total assetsLn 16$385K$539K
LiabilitiesLn 26$112K$389K
Net assetsLn 32$273K$150K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$193K$165K$22K$5K
Pension plan contributionsLn 8$10K$9K$1K$206
Other employee benefitsLn 9$27K$23K$3K$537
Payroll taxesLn 10$22K$18K$3K$435
Accounting feesLn 11c$83$70$11$2
Other fees for servicesLn 11g$216K$184K$28K$4K
Office expensesLn 13$552$468$73$11
Conferences, conventions and meetingsLn 19$5$4$1
Other expenses (24a–d)Ln 24$16K$16K$302$47
Total functional expensesLn 25$485K$416K$58K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $446K$545K−$99K−$314K 990 PDF
FY2023 $352K$608K−$257K−$215K 990 PDF
FY2022 Viewing $362K$485K−$123K$150K 990 PDF
FY2021 $366K$175K$191K$273K 990 PDF
FY2020 $64K$82K 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 FY2022 990 (6 parts)
Part I · Summary $362,244 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $305,024$45,561
I-9 Program service revenuePrior year $60,203$316,042
I-10 Investment incomePrior year $478$641
I-11 Other revenuePrior year $7$0
I-12 Total revenuePrior year $365,712$362,244
I-13 Grants and similar amounts paidPrior year $2,028$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $100,074$251,474
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $73,106$233,291
I-18 Total expensesPrior year $175,208$484,765
I-19 Revenue less expensesPrior year $190,504−$122,521
Part VI · Governance 3 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $362,244 across 6 lines filed
VIII-1e Government grants$19,807
VIII-1f All other contributions, gifts and grants$25,754
VIII-1h Total contributions, gifts and grants$45,561
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $316,042$316,042
VIII-3 Investment incomeExcluded from tax $641$641
VIII-12 Total revenueRelated to mission $316,042 · Unrelated business $0 · Excluded from tax $641$362,244
Part IX · Statement of functional expenses $484,765 across 9 lines filed
IX-7 Other salaries and wagesPrograms $165,345 · Management $22,061 · Fundraising $5,185$192,591
IX-8 Pension plan contributionsPrograms $8,740 · Management $1,337 · Fundraising $206$10,283
IX-9 Other employee benefitsPrograms $22,839 · Management $3,493 · Fundraising $537$26,869
IX-10 Payroll taxesPrograms $18,471 · Management $2,825 · Fundraising $435$21,731
IX-11c Accounting feesPrograms $70 · Management $11 · Fundraising $2$83
IX-11g Other fees for servicesPrograms $183,770 · Management $28,107 · Fundraising $4,323$216,200
IX-13 Office expensesPrograms $468 · Management $73 · Fundraising $11$552
IX-19 Conferences, conventions and meetingsPrograms $4 · Management $1$5
IX-24 Other expenses (24a–d)Programs $16,102 · Management $302 · Fundraising $47$16,451
IX-25 Total functional expensesPrograms $415,809 · Management $58,210 · Fundraising $10,746$484,765
Part X · Balance sheet $538,832 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $255,994$374,749
X-2 Savings and temporary cash investmentsStart of year $10,028$10,033
X-4 Accounts receivableStart of year $118,913$154,050
X-16 Total assetsStart of year $384,935$538,832
X-17 Accounts payable and accrued expenses$735
X-25 Other liabilitiesStart of year $112,379$388,062
X-26 Total liabilitiesStart of year $112,379$388,797
X-27 Net assets without donor restrictionsStart of year $215,656$150,035
X-28 Net assets with donor restrictionsStart of year $56,900$0
X-32 Total net assets or fund balancesStart of year $272,556$150,035
X-33 Total liabilities and net assetsStart of year $384,935$538,832
Part XI · Reconciliation of net assets $150,035 net assets at year end
XI-1 Total revenue$362,244
XI-2 Total expenses$484,765
XI-3 Revenue less expenses−$122,521
XI-4 Net assets at start of year$272,556
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$150,035

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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