Colorado Humanities FY2022 filing

Tax-deductible

Denver, CO501(c)(3)Since 1976Arts & CultureEIN 84-0715097Revenue $2.0M in FY2022

On file with the IRScoloradohumanities.org1580 N Logan St Ste 660 Pmb 85026, 80203-1994 · Denver, COTax-exempt since Aug 1976Publicly supported charity — 170(b)(1)(A)(vi)

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Develop/sponsor Humanities programs

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$111K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$111K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
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
$110K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+87% vs prior year
Spent
$2.0M
To programs
72%
Net assets
$417K
By yearFY2020–FY2025
Revenue
$2.0M
FY2022▲ +87%
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
$2.0M
FY2022▲ +90%
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
$417K
FY2022▼ -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 FY2022 Form 990 (year ending October 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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

72 cents of each dollar spent went to programs.

Program services 72% · $1.4M Management & general 20% · $402K Fundraising 8% · $152K

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

22 people listed on the 990; $111K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director/ Secret
$110,650Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $648K · in their own filed words · FY2021
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, connecting outstanding authors with readers, and providing opportunities for veterans' self-expression through writing. 5,667 unduplicated persons have benefitted from this program.

$276Kprogram 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. 3,025 unduplicated persons have benefitted from this program.

$225Kprogram expense
03

Conversations and educational resources- provides opportunities for communities to bridge divides of understanding through conversations led by skilled facilitators and produces humanitites-centered films, books and online resources for children and adults. 485,628 unduplicated persons have benefited from this program.

$147Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$14K
Investment incomeLn 3$9K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.4M
Managementcol C$402K
Fundraisingcol D$152K
Owns and owesPt X
$417K
net assets · Ln 32
Cash and savingsLn 1–2$43K
Total assetsLn 16$527K
LiabilitiesLn 26$110K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$1.7M
Noncash giftsLn 1g$11K
Fees for servicesLn 2g$14K
Investment incomeLn 3$9K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$42K
SavingsLn 2$702
Cash and savings togetherLn 1–2$43K
InvestmentsLn 11–13$370K
Other assetsLn 15$46K
Total assetsLn 16$527K
LiabilitiesLn 26$110K
Net assetsLn 32$417K
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 FY22End FY22
Cash and savingsLn 1–2$51K$43K
InvestmentsLn 11–13$420K$370K
Total assetsLn 16$581K$527K
LiabilitiesLn 26$37K$110K
Net assetsLn 32$544K$417K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$760K$760K
Pay of current officers, directors and key staffLn 5$138K$74K$36K$27K
Other salaries and wagesLn 7$424K$229K$112K$83K
Other employee benefitsLn 9$50K$27K$13K$10K
Payroll taxesLn 10$44K$24K$12K$9K
Accounting feesLn 11c$86K$11K$74K
Other fees for servicesLn 11g$203K$148K$54K
Advertising and promotionLn 12$12K$7K$6K
OccupancyLn 16$93K$50K$24K$19K
TravelLn 17$46K$35K$11K
Conferences, conventions and meetingsLn 19$36K$35K$735
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$87K$40K$45K$3K
All other expensesLn 24e$13K$5K$6K$2K
Total functional expensesLn 25$2.0M$1.4M$402K$152K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 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 $1,954,801 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,021,139$1,932,042
I-9 Program service revenuePrior year $9,798$14,228
I-10 Investment incomePrior year $14,624$8,531
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,045,561$1,954,801
I-13 Grants and similar amounts paidPrior year $0$760,114
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $601,599$655,364
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $450,950$583,934
I-18 Total expensesPrior year $1,052,549$1,999,412
I-19 Revenue less expensesPrior year −$6,988−$44,611
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $1,954,801 across 7 lines filed
VIII-1e Government grants$1,736,566
VIII-1f All other contributions, gifts and grants$195,476
VIII-1g Noncash contributions (included above)$10,659
VIII-1h Total contributions, gifts and grants$1,932,042
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,228$14,228
VIII-3 Investment incomeExcluded from tax $8,531$8,531
VIII-12 Total revenueRelated to mission $14,228 · Unrelated business $0 · Excluded from tax $8,531$1,954,801
Part IX · Statement of functional expenses $1,999,412 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $760,114$760,114
IX-5 Pay of current officers, directors and key staffPrograms $74,335 · Management $36,437 · Fundraising $27,072$137,844
IX-7 Other salaries and wagesPrograms $228,711 · Management $112,107 · Fundraising $83,293$424,111
IX-9 Other employee benefitsPrograms $26,856 · Management $13,164 · Fundraising $9,781$49,801
IX-10 Payroll taxesPrograms $23,517 · Management $11,527 · Fundraising $8,564$43,608
IX-11c Accounting feesPrograms $11,233 · Management $74,435$85,668
IX-11g Other fees for servicesPrograms $148,317 · Management $54,277$202,594
IX-12 Advertising and promotionPrograms $6,900 · Management $5,500$12,400
IX-16 OccupancyPrograms $50,123 · Management $24,133 · Fundraising $18,564$92,820
IX-17 TravelPrograms $35,082 · Management $11,075$46,157
IX-19 Conferences, conventions and meetingsPrograms $35,327 · Management $735$36,062
IX-23 InsuranceManagement $8,125$8,125
IX-24 Other expenses (24a–d)Programs $39,694 · Management $44,642 · Fundraising $2,532$86,868
IX-24e All other expensesPrograms $5,294 · Management $6,083 · Fundraising $1,863$13,240
IX-25 Total functional expensesPrograms $1,445,503 · Management $402,240 · Fundraising $151,669$1,999,412
Part X · Balance sheet $527,122 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $37,177$42,436
X-2 Savings and temporary cash investmentsStart of year $13,567$702
X-3 Pledges and grants receivableStart of year $29,990$41,962
X-9 Prepaid expenses and deferred chargesStart of year $23,398$25,350
X-11 Publicly traded securitiesStart of year $420,062$370,375
X-15 Other assetsStart of year $57,173$46,297
X-16 Total assetsStart of year $581,367$527,122
X-17 Accounts payable and accrued expensesStart of year $37,496$109,821
X-26 Total liabilitiesStart of year $37,496$109,821
X-27 Net assets without donor restrictionsStart of year $385,865$291,012
X-28 Net assets with donor restrictionsStart of year $158,006$126,289
X-32 Total net assets or fund balancesStart of year $543,871$417,301
X-33 Total liabilities and net assetsStart of year $581,367$527,122
Part XI · Reconciliation of net assets $417,301 net assets at year end
XI-1 Total revenue$1,954,801
XI-2 Total expenses$1,999,412
XI-3 Revenue less expenses−$44,611
XI-4 Net assets at start of year$543,871
XI-5 Net unrealized gains (losses) on investments−$81,959
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$417,301

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

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