Develop/sponsor Humanities programs

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
Run by 46 volunteers and 18 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $7K a year · under 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$199K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $570K in investments, Pt X · Ln 11–13
Fine: 0.5 months of spending in cash, plus $570K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$124K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-23% vs prior year
Spent
$1.3M
To programs
49%
Net assets
$556K
By yearFY2020–FY2025
Revenue
$1.1M
FY2025▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.0M
FY2022$2.0M
FY2023$1.7M
FY2024$1.4M
FY2025$1.1M
Expenses
$1.3M
FY2025▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.1M
FY2022$2.0M
FY2023$1.5M
FY2024$1.5M
FY2025$1.3M
Net assets
$556K
FY2025▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2020$472K
FY2021$544K
FY2022$417K
FY2023$677K
FY2024$720K
FY2025$556K

From the FY2025 Form 990 (year ending October 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1976.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $660K Management & general 37% · $495K Fundraising 14% · $187K

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

20 people listed on the 990; $199K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$132,236Pt VII · Sec A
Executive Director
$67,020Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Maggie Coval’s $132K as Executive Director is at the 57th percentile of top reported officer pay among 3924 $1–10M arts & culture 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Maggie Coval$132,236$132,190$126,270———
Margaret Coval———$110,650$102,245$95,726
Sarah Olivier$67,020—————

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 Colorado Humanities 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

Develops and sponsors programs that explore and promote the humanities.

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Provided by the organization

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3 programs · $660K · in their own filed words · FY2024
01

Reading and Writing

Promotes a love of reading and books to people of all ages, including training educators to provide parent classes for family literacy, and connecting outstanding authors with readers.

$269Kprogram expense
02

Living History

Brings history alive through exhibit tours and first-person presentations of the lives of people who helped shape our society, presented in festivals, speaker tours, and a school curriculum.

$255Kprogram expense
03

Conversations and Educational Resources

Provides opportunities for communities to bridge divides of understanding through conversations led by skilled facilitators on a variety of topics and produces humanities-centered films, books and online resources for children and adults.

$136Kprogram expense

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$200K
Grants paid · 80 grants · $1.1M · 2019–2021
Latino Cultural Arts CenterCO · FY2021$32,000
Museum of FriendsCO · FY2021$20,000
Huajatolla Heritage FoundationFY2021$20,000
Hayden Heritage CenterCO · FY2021$20,000
Golden History MuseumsCO · FY2021$20,000
The Cortez Center INCCO · FY2021$20,000
Center for the ArtsFY2021$20,000
Summit54CO · FY2021$18,000
See all 80 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$29K
Investment incomeLn 3$6K
Money outPt IX
$1.3M
Ln 25
Programscol B$660K
Managementcol C$495K
Fundraisingcol D$187K
Owns and owesPt X
$556K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$681K
LiabilitiesLn 26$124K
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$667K
Fees for servicesLn 2g$29K
Investment incomeLn 3$6K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$30K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$56K
InvestmentsLn 11–13$570K
Other assetsLn 15$43K
Total assetsLn 16$681K
LiabilitiesLn 26$124K
Net assetsLn 32$556K
OperationsPt I, VI
EmployeesI 518
VolunteersI 646
Fiscal year endsHeaderOctober
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 FY25End FY25
Cash and savingsLn 1–2$201K$56K
InvestmentsLn 11–13$496K$570K
Total assetsLn 16$897K$681K
LiabilitiesLn 26$176K$124K
Net assetsLn 32$720K$556K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$251K$84K$98K$69K
Other salaries and wagesLn 7$460K$276K$113K$72K
Pension plan contributionsLn 8$35K$18K$10K$7K
Other employee benefitsLn 9$35K$17K$11K$7K
Payroll taxesLn 10$62K$31K$20K$11K
Accounting feesLn 11c$84K$84K
Other fees for servicesLn 11g$127K$91K$36K
Advertising and promotionLn 12$8K$6K$2K
OccupancyLn 16$106K$54K$32K$21K
TravelLn 17$44K$27K$18K$120
Conferences, conventions and meetingsLn 19$23K$23K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$87K$28K$59K$15
All other expensesLn 24e$10K$6K$3K$980
Total functional expensesLn 25$1.3M$660K$495K$187K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.1M$1.3M−$241K$556K 990 PDF
FY2024 $1.4M$1.5M−$65K$720K 990 PDF
FY2023 $1.7M$1.5M$247K$677K 990 PDF
FY2022 $2.0M$2.0M−$45K$417K 990 PDF
FY2021 $1.0M$1.1M−$7K$544K 990 PDF
FY2020 $1.5M$1.5M$66K$472K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,100,991 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,383,615$1,066,006
I-9 Program service revenuePrior year $30,732$28,826
I-10 Investment incomePrior year $19,777$6,159
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,434,124$1,100,991
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $850,450$842,843
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $648,783$498,859
I-18 Total expensesPrior year $1,499,233$1,341,702
I-19 Revenue less expensesPrior year −$65,109−$240,711
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,100,991 across 6 lines filed
VIII-1e Government grants$666,915
VIII-1f All other contributions, gifts and grants$399,091
VIII-1h Total contributions, gifts and grants$1,066,006
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,826$28,826
VIII-3 Investment incomeExcluded from tax $6,159$6,159
VIII-12 Total revenueRelated to mission $28,826 · Unrelated business $0 · Excluded from tax $6,159$1,100,991
Part IX · Statement of functional expenses $1,341,702 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $83,766 · Management $97,719 · Fundraising $69,093$250,578
IX-7 Other salaries and wagesPrograms $275,706 · Management $112,813 · Fundraising $71,561$460,080
IX-8 Pension plan contributionsPrograms $17,809 · Management $10,377 · Fundraising $6,746$34,932
IX-9 Other employee benefitsPrograms $17,485 · Management $10,982 · Fundraising $6,874$35,341
IX-10 Payroll taxesPrograms $30,975 · Management $20,026 · Fundraising $10,911$61,912
IX-11c Accounting feesManagement $84,085$84,085
IX-11g Other fees for servicesPrograms $91,072 · Management $36,245$127,317
IX-12 Advertising and promotionPrograms $5,659 · Management $2,036$7,695
IX-16 OccupancyPrograms $54,163 · Management $31,560 · Fundraising $20,518$106,241
IX-17 TravelPrograms $26,559 · Management $17,702 · Fundraising $120$44,381
IX-19 Conferences, conventions and meetingsPrograms $22,769$22,769
IX-23 InsuranceManagement $9,368$9,368
IX-24 Other expenses (24a–d)Programs $27,632 · Management $59,338 · Fundraising $15$86,985
IX-24e All other expensesPrograms $5,961 · Management $3,077 · Fundraising $980$10,018
IX-25 Total functional expensesPrograms $659,556 · Management $495,328 · Fundraising $186,818$1,341,702
Part X · Balance sheet $680,592 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $8,226$30,317
X-2 Savings and temporary cash investmentsStart of year $192,565$25,224
X-9 Prepaid expenses and deferred chargesStart of year $40,506$12,371
X-11 Publicly traded securitiesStart of year $496,304$569,918
X-15 Other assetsStart of year $59,877$42,762
X-16 Total assetsStart of year $896,814$680,592
X-17 Accounts payable and accrued expensesStart of year $101,332$106,846
X-19 Deferred revenue$7,250
X-26 Total liabilitiesStart of year $176,332$124,096
X-27 Net assets without donor restrictionsStart of year $633,694$500,808
X-28 Net assets with donor restrictionsStart of year $86,788$55,688
X-32 Total net assets or fund balancesStart of year $720,482$556,496
X-33 Total liabilities and net assetsStart of year $896,814$680,592
Part XI · Reconciliation of net assets $556,496 net assets at year end
XI-1 Total revenue$1,100,991
XI-2 Total expenses$1,341,702
XI-3 Revenue less expenses−$240,711
XI-4 Net assets at start of year$720,482
XI-5 Net unrealized gains (losses) on investments$73,615
XI-9 Other changes in net assets$3,110
XI-10 Net assets at end of year$556,496

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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