Colorado Riverfront Foundation INC: FY2023 Nonprofit Profile & Form 990 (EIN 84-1069605)

Revenue by fiscal year
FY2020	$99K
FY2021	$139K
FY2022	$144K
FY2023	$181K
FY2024	$216K
FY2025	$261K

Expenses by fiscal year
FY2020	$56K
FY2021	$121K
FY2022	$113K
FY2023	$168K
FY2024	$191K
FY2025	$274K

Net assets by fiscal year
FY2020	$1.0M
FY2021	$1.0M
FY2022	$1.0M
FY2023	$1.0M
FY2024	$1.1M
FY2025	$1.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1988.

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

Where the money goes

94 cents of each dollar spent went to programs.

94%

Program services 94% · $158K Management & general 3% · $5K Fundraising 3% · $5K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation

Dennis Devore

Emeritus Mem

$0Pt VII · Sec A

Dr Bill Findlay

Vice-Pres

$0Pt VII · Sec A

Mark Gardner

Director

$0Pt VII · Sec A

John Gormley

President

$0Pt VII · Sec A

Will Hutchins

Emeritus Mem

$0Pt VII · Sec A

Dr Paul Jones

Emeritus Mem

$0Pt VII · Sec A

Patrick Kennedy

Director

$0Pt VII · Sec A

Brian Mahoney

Emeritus Mem

$0Pt VII · Sec A

See Colorado Riverfront Foundation INC 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

Reclaiming the Colorado Riverfront for public use and enjoyment.

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Provided by the organization

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2 programs · $158K · in their own filed words · FY2023

01

Colorado riverfront concert series- the purpose of this concert series is to bring the community to the riverfront venue and educate them on our ongoing reclamation of the river corridor, including wildlife habitat, tamarisk and noxious weed removal, recreation opportunities on our completed trails, newly completed trail connections and…

$156Kprogram expense

02

The riverfront foundation provides funds for trail easements, easement /LAND appraisals, land acquisitions, trail building and trail repair which is part of our ongoing effort to reclaim the river corridor, including wildlife habitat, tamarisk and noxious weed removal, recreation opportunities on our completed trails, newly completed…

$2Kprogram 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 · FY2024

Community First FoundationFY2024$14K

Total grants receivedfrom 1 funder$14K

Grants paid · 15 grants · $269K · 2020–2025

Confluence Center of Colorado INCCO · FY2025$50,000

Riversedge WestCO · FY2025$15,000

Colorado Discover AbilityCO · FY2025$10,000

City of Grand Junction CoFY2024$50,000

Confluence CenterMT · FY2024$20,000

Riversedge WestCO · FY2024$2,500

Individual RecipientFY2023$55,000

Individual RecipientFY2023$6,000

Individual RecipientFY2022$15,015

Save-A-Life Jacket ProgramCO · FY2021$7,761

Grand Junction Economic Partnership INCCO · FY2021$6,500

Grand Junctionmesa County Riverfront CommissionFY2020$19,293

Riversedge WestCO · FY2020$10,000

Riversedge WestCO · FY2020$1,000

Grand Junctionmesa County Riverfront CommissionFY2020$750

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$181K

Ln 12

Gifts and grantsLn 1h$78K

Fees for servicesLn 2g$77K

Investment incomeLn 3$26K

Money outPt IX

$168K

Ln 25

Programscol B$158K

Managementcol C$5K

Fundraisingcol D$5K

Owns and owesPt X

$1.0M

net assets · Ln 32

Cash and savingsLn 1–2$634K

Total assetsLn 16$1.0M

LiabilitiesLn 26$98

PeoplePt VI, VII

14

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$78K

Fees for servicesLn 2g$77K

Investment incomeLn 3$26K

Gains on assetsLn 7$500

Total revenueLn 12$181K

Assets in detailPt X, end of year

CashLn 1$116K

SavingsLn 2$518K

Cash and savings togetherLn 1–2$634K

InvestmentsLn 11–13$410K

Total assetsLn 16$1.0M

LiabilitiesLn 26$98

Net assetsLn 32$1.0M

OperationsPt I, VI

EmployeesI 51

VolunteersI 650

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$638K	$634K
InvestmentsLn 11–13	$372K	$410K
Total assetsLn 16	$1.0M	$1.0M
LiabilitiesLn 26	$648	$98
Net assetsLn 32	$1.0M	$1.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$61K	$61K
Accounting feesLn 11c	$2K		$2K
Advertising and promotionLn 12	$197		$72	$125
Office expensesLn 13	$2K		$616	$2K
Information technologyLn 14	$5K		$2K	$3K
Conferences, conventions and meetingsLn 19	$30		$30
Other expenses (24a–d)Ln 24	$98K	$97K	$735
All other expensesLn 24e	$153	$17	$136
Total functional expensesLn 25	$168K	$158K	$5K	$5K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$261K	$274K	−$13K	$1.1M	990 PDF
FY2024	$216K	$191K	$26K	$1.1M	990 PDF
FY2023 Viewing	$181K	$168K	$13K	$1.0M	990 PDF
FY2022	$144K	$113K	$31K	$1.0M	990 PDF
FY2021	$139K	$121K	$19K	$1.0M	990 PDF
FY2020	$99K	$56K	$44K	$1.0M	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 FY2023 990 (6 parts)

Part I · Summary $181,022 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $80,955$78,147

I-9 Program service revenuePrior year $74,120$76,583

I-10 Investment incomePrior year −$11,627$26,292

I-11 Other revenuePrior year $172$0

I-12 Total revenuePrior year $143,620$181,022

I-13 Grants and similar amounts paidPrior year $15,015$61,000

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $97,647$106,778

I-18 Total expensesPrior year $112,662$167,778

I-19 Revenue less expensesPrior year $30,958$13,244

Part VI · Governance 9 of 9 board members independent, 2 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-13 Written whistleblower 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-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $181,022 across 7 lines filed

VIII-1b Membership dues$200

VIII-1f All other contributions, gifts and grants$77,947

VIII-1h Total contributions, gifts and grants$78,147

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $76,583$76,583

VIII-3 Investment incomeRelated to mission $25,792$25,792

VIII-7 Net gain or loss on sales of assetsRelated to mission $500$500

VIII-12 Total revenueRelated to mission $102,875$181,022

Part IX · Statement of functional expenses $167,778 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $61,000$61,000

IX-11c Accounting feesManagement $1,600$1,600

IX-12 Advertising and promotionManagement $72 · Fundraising $125$197

IX-13 Office expensesManagement $616 · Fundraising $1,839$2,455

IX-14 Information technologyManagement $1,759 · Fundraising $2,823$4,582

IX-19 Conferences, conventions and meetingsManagement $30$30

IX-24 Other expenses (24a–d)Programs $97,026 · Management $735$97,761

IX-24e All other expensesPrograms $17 · Management $136$153

IX-25 Total functional expensesPrograms $158,043 · Management $4,948 · Fundraising $4,787$167,778

Part X · Balance sheet $1,044,441 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $203,537$116,114

X-2 Savings and temporary cash investmentsStart of year $434,025$518,343

X-11 Publicly traded securitiesStart of year $311,624$341,865

X-12 Other securitiesStart of year $60,339$68,119

X-16 Total assetsStart of year $1,009,525$1,044,441

X-17 Accounts payable and accrued expensesStart of year $648$98

X-26 Total liabilitiesStart of year $648$98

X-27 Net assets without donor restrictionsStart of year $980,018$1,012,963

X-28 Net assets with donor restrictionsStart of year $28,859$31,380

X-32 Total net assets or fund balancesStart of year $1,008,877$1,044,343

X-33 Total liabilities and net assetsStart of year $1,009,525$1,044,441

Part XI · Reconciliation of net assets $1,044,343 net assets at year end

XI-1 Total revenue$181,022

XI-2 Total expenses$167,778

XI-3 Revenue less expenses$13,244

XI-4 Net assets at start of year$1,008,877

XI-5 Net unrealized gains (losses) on investments$12,624

XI-8 Prior period adjustments$9,598

XI-10 Net assets at end of year$1,044,343

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Colorado Riverfront Foundation INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Colorado Riverfront Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV