Colorado Humanities FY2024 filing

Tax-deductible

Denver, CO501(c)(3)Since 1976Arts & CultureEIN 84-0715097Revenue $1.4M in FY2024

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.
58¢ of each $1 spent went to programs.
$132K 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

FY2024 · 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
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$132K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
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
$176K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
-16% vs prior year
Spent
$1.5M
To programs
58%
Net assets
$720K
By yearFY2020–FY2025
Revenue
$1.4M
FY2024▼ -16%
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
$1.5M
FY2024▲ +3%
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
$720K
FY2024▲ +6%
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 FY2024 Form 990 (year ending October 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

58 cents of each dollar spent went to programs.

Program services 58% · $872K Management & general 31% · $464K Fundraising 11% · $163K

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; $132K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$132,190Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Chair of Development & External Affairs
$0Pt VII · Sec A
Chair of Finance & Infrastructure
$0Pt VII · Sec A
Chair of Program Policy & Evaluation
$0Pt VII · Sec A
Vice Chair & Chair of Governance & Nominating
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 · $872K · in their own filed words · FY2023
01

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.

$491Kprogram 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.

$312Kprogram expense
03

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.

$69Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$31K
Investment incomeLn 3$20K
Money outPt IX
$1.5M
Ln 25
Programscol B$872K
Managementcol C$464K
Fundraisingcol D$163K
Owns and owesPt X
$720K
net assets · Ln 32
Cash and savingsLn 1–2$201K
Total assetsLn 16$897K
LiabilitiesLn 26$176K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$1.3M
Fees for servicesLn 2g$31K
Investment incomeLn 3$20K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$193K
Cash and savings togetherLn 1–2$201K
InvestmentsLn 11–13$496K
Other assetsLn 15$60K
Total assetsLn 16$897K
LiabilitiesLn 26$176K
Net assetsLn 32$720K
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 FY24End FY24
Cash and savingsLn 1–2$229K$201K
InvestmentsLn 11–13$388K$496K
Total assetsLn 16$737K$897K
LiabilitiesLn 26$60K$176K
Net assetsLn 32$677K$720K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$144K$47K$47K$50K
Other salaries and wagesLn 7$518K$346K$115K$57K
Pension plan contributionsLn 8$33K$14K$12K$8K
Other employee benefitsLn 9$88K$56K$19K$13K
Payroll taxesLn 10$67K$40K$17K$10K
Accounting feesLn 11c$74K$74K
Other fees for servicesLn 11g$216K$150K$66K
Advertising and promotionLn 12$9K$7K$3K
OccupancyLn 16$110K$65K$27K$18K
TravelLn 17$62K$47K$15K
Conferences, conventions and meetingsLn 19$34K$34K$395
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$125K$61K$58K$6K
All other expensesLn 24e$9K$6K$2K$857
Total functional expensesLn 25$1.5M$872K$464K$163K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.3M−$241K$556K 990 PDF
FY2024 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,434,124 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,654,225$1,383,615
I-9 Program service revenuePrior year $33,706$30,732
I-10 Investment incomePrior year $11,543$19,777
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,699,474$1,434,124
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 $730,334$850,450
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $722,330$648,783
I-18 Total expensesPrior year $1,452,664$1,499,233
I-19 Revenue less expensesPrior year $246,810−$65,109
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $1,434,124 across 6 lines filed
VIII-1e Government grants$1,302,336
VIII-1f All other contributions, gifts and grants$81,279
VIII-1h Total contributions, gifts and grants$1,383,615
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $30,732$30,732
VIII-3 Investment incomeExcluded from tax $19,777$19,777
VIII-12 Total revenueRelated to mission $30,732 · Unrelated business $0 · Excluded from tax $19,777$1,434,124
Part IX · Statement of functional expenses $1,499,233 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $46,517 · Management $47,349 · Fundraising $50,364$144,230
IX-7 Other salaries and wagesPrograms $346,214 · Management $114,907 · Fundraising $56,831$517,952
IX-8 Pension plan contributionsPrograms $13,749 · Management $11,722 · Fundraising $7,887$33,358
IX-9 Other employee benefitsPrograms $56,048 · Management $18,957 · Fundraising $12,989$87,994
IX-10 Payroll taxesPrograms $39,765 · Management $16,719 · Fundraising $10,432$66,916
IX-11c Accounting feesManagement $73,810$73,810
IX-11g Other fees for servicesPrograms $149,850 · Management $66,161$216,011
IX-12 Advertising and promotionPrograms $6,535 · Management $2,867$9,402
IX-16 OccupancyPrograms $65,065 · Management $27,158 · Fundraising $17,941$110,164
IX-17 TravelPrograms $47,010 · Management $15,423$62,433
IX-19 Conferences, conventions and meetingsPrograms $33,740 · Management $395$34,135
IX-23 InsuranceManagement $8,458$8,458
IX-24 Other expenses (24a–d)Programs $61,302 · Management $57,642 · Fundraising $6,055$124,999
IX-24e All other expensesPrograms $6,103 · Management $2,411 · Fundraising $857$9,371
IX-25 Total functional expensesPrograms $871,898 · Management $463,979 · Fundraising $163,356$1,499,233
Part X · Balance sheet $896,814 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $47,071$8,226
X-2 Savings and temporary cash investmentsStart of year $181,974$192,565
X-3 Pledges and grants receivableStart of year $36,550$99,336
X-9 Prepaid expenses and deferred chargesStart of year $33,389$40,506
X-11 Publicly traded securitiesStart of year $388,044$496,304
X-15 Other assetsStart of year $50,436$59,877
X-16 Total assetsStart of year $737,464$896,814
X-17 Accounts payable and accrued expensesStart of year $60,388$101,332
X-26 Total liabilitiesStart of year $60,388$176,332
X-27 Net assets without donor restrictionsStart of year $541,265$633,694
X-28 Net assets with donor restrictionsStart of year $135,811$86,788
X-32 Total net assets or fund balancesStart of year $677,076$720,482
X-33 Total liabilities and net assetsStart of year $737,464$896,814
Part XI · Reconciliation of net assets $720,482 net assets at year end
XI-1 Total revenue$1,434,124
XI-2 Total expenses$1,499,233
XI-3 Revenue less expenses−$65,109
XI-4 Net assets at start of year$677,076
XI-5 Net unrealized gains (losses) on investments$108,515
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$720,482

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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