The Community Foundation Serving FY2020 filing

Tax-deductible

Boulder, CO501(c)(3)Since 1991Foundations & GrantmakersEIN 84-1171836Revenue $19.3M in FY2020

On file with the IRScommfound.org1123 Spruce St, 80302-4001 · Boulder, COTax-exempt since Dec 1991Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$607K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
4 of 5
filings with a surplus
Average surplus $5.6M a year · 22% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$607K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $75K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.7M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 21 voting members
Looks good: 20 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.3M
Spent
$13.8M
To programs
87%
Net assets
$71.1M
By yearFY2020–FY2024
Revenue
$19.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$19.3M
FY2021$26.0M
FY2022$52.0M
FY2023$10.9M
FY2024$19.4M
Expenses
$13.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$13.8M
FY2021$14.5M
FY2022$26.4M
FY2023$27.3M
FY2024$17.7M
Net assets
$71.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$71.1M
FY2021$83.6M
FY2022$96.9M
FY2023$85.7M
FY2024$82.1M

From the FY2020 Form 990 · 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: FY2024. IRS ruling in Dec 1991.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $12.0M Management & general 7% · $1.0M Fundraising 6% · $776K

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

26 people listed on the 990; $607K paid to officers and key staff.

Part VII, Section A · reportable compensation
VP Philanthropic Giving Sv
$154,973Pt VII · Sec A
CFO & COO (from 2/3/20)
$136,196Pt VII · Sec A
CEO (from 6/15/20)
$105,459Pt VII · Sec A
VP Communication & Engagement
$101,992Pt VII · Sec A
President & CEO (thru 7/1/20)
$90,321Pt VII · Sec A
Interim CFO (thru 3/27/20)
$18,125Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tatiana Hernandez’s $219K as CEO is at the 43rd percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking 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 · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Tatiana Hernandez$219,147$230,325$189,193$105,459
Trisha McKean$175,125———
Jennifer Fulton Anderson—$140,485$161,691$136,196
Lynda Ricketson———$154,973
Linda Ricketson——$151,064—
Eric Schoenborn—$138,862——
Ken Long$109,397———
Christopher Barge———$101,992

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 The Community Foundation Serving 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

Mobilizes diverse resources, inspires community action, and distributes disaster relief funds to improve the quality of life for residents in Boulder County.

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Provided by the organization

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1 program · $12.0M · in their own filed words · FY2020
01

We provide funding and create connections between nonprofit organizations and the resources they need. We look to these nonprofits to help us respond to community needs and opportunities.

$12.0Mprogram 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
CfleadsFY2025$50K
Total grants receivedfrom 2 funders$75K
Grants paid · 1,209 grants · $66.3M · 2020–2023
Impact Development FundCO · FY2023$12,110,250
Boulder CountyFY2023$2,000,000
Allfed InstituteCO · FY2023$721,066
American Endowment FoundationOH · FY2023$493,949
Resource CentralCO · FY2023$333,550
Thorne Ecological InstituteCO · FY2023$296,073
Intercambio De ComunidadesCO · FY2023$145,543
Impact on Education INCCO · FY2023$139,600
Boulder PrideCO · FY2023$118,750
Rocky Mountain InstituteCO · FY2023$110,000
See all 1,209 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$19.3M
Ln 12
Gifts and grantsLn 1h$15.7M
Investment incomeLn 3$3.6M
Fees for servicesLn 2g$65K
Money outPt IX
$13.8M
Ln 25
Programscol B$12.0M
Managementcol C$1.0M
Fundraisingcol D$776K
Owns and owesPt X
$71.1M
net assets · Ln 32
Cash and savingsLn 1–2$419K
Total assetsLn 16$79.8M
LiabilitiesLn 26$8.7M
PeoplePt VI, VII
26
listed · VII A
PaidVII A6
Voting boardVI 1a21
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.7M
Noncash giftsLn 1g$4.0M
Fees for servicesLn 2g$65K
Investment incomeLn 3$3.6M
Gains on assetsLn 7$2.5M
Total revenueLn 12$19.3M
Assets in detailPt X, end of year
CashLn 1$419K
Cash and savings togetherLn 1–2$419K
InvestmentsLn 11–13$90K
Land, buildings, equipmentLn 10c$4.6M
Other assetsLn 15$74.4M
Total assetsLn 16$79.8M
LiabilitiesLn 26$8.7M
Net assetsLn 32$71.1M
OperationsPt I, VI
EmployeesI 521
VolunteersI 6415
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$160K$419K
InvestmentsLn 11–13$346K$90K
Land, buildings, equipmentLn 10c$4.7M$4.6M
Total assetsLn 16$70.2M$79.8M
LiabilitiesLn 26$7.5M$8.7M
Net assetsLn 32$62.7M$71.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10.4M$10.4M
Pay of current officers, directors and key staffLn 5$537K$202K$138K$197K
Other salaries and wagesLn 7$786K$295K$202K$289K
Pension plan contributionsLn 8$61K$23K$16K$22K
Other employee benefitsLn 9$74K$28K$19K$27K
Payroll taxesLn 10$84K$31K$22K$31K
Legal feesLn 11b$11K$2K$390$9K
Accounting feesLn 11c$141K$141K
Investment management feesLn 11f$158K$158K
Other fees for servicesLn 11g$314K$21K$124K$169K
Advertising and promotionLn 12$116K$1K$103K$12K
Office expensesLn 13$15K$815$14K$80
Information technologyLn 14$503K$392K$106K$5K
TravelLn 17$251$251
Conferences, conventions and meetingsLn 19$7K$3K$4K
Depreciation, depletion and amortizationLn 22$12K$12K
Other expenses (24a–d)Ln 24$525K$402K$113K$10K
Total functional expensesLn 25$13.8M$12.0M$1.0M$776K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $19.4M$17.7M$1.7M$82.1M 990 PDF
FY2023 $10.9M$27.3M−$16.5M$85.7M 990 PDF
FY2022 $52.0M$26.4M$25.6M$96.9M 990 PDF
FY2021 $26.0M$14.5M$11.5M$83.6M 990 PDF
FY2020 Viewing $19.3M$13.8M$5.5M$71.1M 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 FY2020 990 (6 parts)
Part I · Summary $19,282,047 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,210,944$15,710,888
I-9 Program service revenuePrior year $206,165$65,026
I-10 Investment incomePrior year $2,107,330$3,581,697
I-11 Other revenuePrior year −$171,233−$75,564
I-12 Total revenuePrior year $11,353,206$19,282,047
I-13 Grants and similar amounts paidPrior year $6,836,687$10,447,028
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,205,249$1,541,928
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $864,722$1,804,151
I-18 Total expensesPrior year $8,906,658$13,793,107
I-19 Revenue less expensesPrior year $2,446,548$5,488,940
Part VI · Governance 20 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members20
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 $19,282,047 across 10 lines filed
VIII-1d Related organizations$117,961
VIII-1f All other contributions, gifts and grants$15,592,927
VIII-1g Noncash contributions (included above)$4,012,008
VIII-1h Total contributions, gifts and grants$15,710,888
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,026$65,026
VIII-3 Investment incomeExcluded from tax $1,111,663$1,111,663
VIII-6 Net rental income or lossUnrelated business −$29,329 · Excluded from tax −$38,699−$68,028
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,470,034$2,470,034
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$7,536−$7,536
VIII-12 Total revenueRelated to mission $65,026 · Unrelated business −$29,329 · Excluded from tax $3,535,462$19,282,047
Part IX · Statement of functional expenses $13,793,107 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $10,447,028$10,447,028
IX-5 Pay of current officers, directors and key staffPrograms $201,966 · Management $137,962 · Fundraising $197,260$537,188
IX-7 Other salaries and wagesPrograms $295,497 · Management $201,855 · Fundraising $288,613$785,965
IX-8 Pension plan contributionsPrograms $22,845 · Management $15,605 · Fundraising $22,313$60,763
IX-9 Other employee benefitsPrograms $27,914 · Management $19,069 · Fundraising $27,264$74,247
IX-10 Payroll taxesPrograms $31,493 · Management $21,513 · Fundraising $30,759$83,765
IX-11b Legal feesPrograms $1,525 · Management $390 · Fundraising $9,098$11,013
IX-11c Accounting feesManagement $141,350$141,350
IX-11f Investment management feesPrograms $158,033$158,033
IX-11g Other fees for servicesPrograms $21,347 · Management $123,957 · Fundraising $168,912$314,216
IX-12 Advertising and promotionPrograms $1,227 · Management $103,470 · Fundraising $11,776$116,473
IX-13 Office expensesPrograms $815 · Management $14,296 · Fundraising $80$15,191
IX-14 Information technologyPrograms $392,287 · Management $106,121 · Fundraising $5,075$503,483
IX-17 TravelPrograms $251$251
IX-19 Conferences, conventions and meetingsPrograms $3,124 · Fundraising $3,997$7,121
IX-22 Depreciation, depletion and amortizationManagement $11,813$11,813
IX-24 Other expenses (24a–d)Programs $402,001 · Management $112,729 · Fundraising $10,477$525,207
IX-25 Total functional expensesPrograms $12,007,353 · Management $1,010,130 · Fundraising $775,624$13,793,107
Part X · Balance sheet $79,799,287 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $159,528$418,685
X-3 Pledges and grants receivableStart of year $255,216$255,010
X-4 Accounts receivableStart of year $10,291$26,053
X-9 Prepaid expenses and deferred chargesStart of year $23,664$40,267
X-10c Land, buildings and equipment, netStart of year $4,723,759$4,618,542
X-13 Program-related investmentsStart of year $346,455$89,999
X-15 Other assetsStart of year $64,699,315$74,350,731
X-16 Total assetsStart of year $70,218,228$79,799,287
X-17 Accounts payable and accrued expensesStart of year $306,714$201,634
X-18 Grants payableStart of year $20,100$296,959
X-25 Other liabilitiesStart of year $4,275,319$5,358,131
X-26 Total liabilitiesStart of year $7,542,330$8,745,507
X-27 Net assets without donor restrictionsStart of year $62,471,002$70,856,420
X-28 Net assets with donor restrictionsStart of year $204,896$197,360
X-32 Total net assets or fund balancesStart of year $62,675,898$71,053,780
X-33 Total liabilities and net assetsStart of year $70,218,228$79,799,287
Part XI · Reconciliation of net assets $71,053,780 net assets at year end
XI-1 Total revenue$19,282,047
XI-2 Total expenses$13,793,107
XI-3 Revenue less expenses$5,488,940
XI-4 Net assets at start of year$62,675,898
XI-5 Net unrealized gains (losses) on investments$3,473,070
XI-9 Other changes in net assets−$584,128
XI-10 Net assets at end of year$71,053,780

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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