Weld Community Foundation EIN 84-1315296 Form 990 (PDF) Claim this org

Weld Community Foundation FY2020 filing

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Connects donors with local causes and awards grants to support youth programs, educational projects, and charitable investments throughout Weld County. For fiscal year 2020 it reported $2.9M in revenue, $2.5M in expenses, and $34.6M in net assets.Pt I

Founded
1995
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Greeley, CO
Website
www.weldcommunityfoundation.org
Filings
6 on file (2020–2020)
Revenue
$2.9MFY2020
Expenses
$2.5M
Net assets
$34.6M
People
19
Filings
6
Updates
0
More identity details & actions ⌄
EIN  84-1315296 Public foundation / grantmaker Greeley, CO Founded 1995
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/16/26 · see original: IRS
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Size
$10–100M
What they do
Connects donors with local causes and awards grants to support youth programs, educational projects, and charitable investments throughout Weld County.
Leadership
Rand E Morgan · President/Ce · $105K
Money in and out
$2.9M revenue, $2.5M expenses
Bottom line
78% program efficiency
Grants paid & assets · FY2020
Total revenue
$2.9M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$34.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $439K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.17 Fundraising $0.05
Program efficiency
78%
of spending reaches programs
Operating runway
180.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$2.9M
FY2020
Expenses
$2.5M
FY2020
Total assets
$36.9M
FY2020
Total liabilities
$2.4M
FY2020
Total revenue
$2.9M
Pt VIII · Ln 12
Total expenses
$2.5M
Pt IX · Ln 25
Net assets
$34.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$439K
Total assetsPt X · Ln 16$36.9M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

3 program services account for $785K of program spending, described in the organization's own filed words · FY2020.
01

The foundation administers a robust scholarship program made up of multiple scholarship funds serving a variety of student talents and interests. In 2020, the foundation awarded 139 scholarships.

$329Kprogram expense
02

The littler youth fund awards grants for the benefit of youth PROGRAMS/ projects in weld county, including a grant cycle for mini-grants to aid in the development of effective teaching strategies and projects by weld county teachers.

$252Kprogram expense
03

The Weld Recovers

COVID-19 relief fund was established in a partnership with united way of weld county. It provided financial resources to charitable organizations in weld county involved in supporting populations affected by the COVID-19 outbreak.

$205Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWeld Community Foundation
EINHdr · item D84-1315296
Principal addressHdr · item CGreeley, CO
Year of formationHdr · item L1995
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T31)
Ruling yearIRS BMFDec 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Ce
$105,020Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
2nd Vice Cha
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Timothy Coons’s $129K as President / CEO is at the 9th percentile of top reported officer pay among 658 $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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Rand E Morgan$131,032$112,111$108,520$105,020
Timothy Coons$129,184$114,424
Lauren Weber$128,059$113,514

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.

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Statement of Revenue

Part VIII
Other revenue$1.1M · 38%
Investment income$1.1M · 36%
Contributions & grants$761K · 26%
Other revenue38%$1.1M
Investment income36%$1.1M
Contributions & grants26%$761K
Program service revenue$4K
Total revenueLn 12$2.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.17 Fundraising $0.05
Program services78%$1.9M
Management & general17%$431K
Fundraising5%$133K
Total functional expensesLn 25$2.5M

Balance Sheet

Part X · end of year
CashLn 1$2.7M
Total assetsLn 16$36.9M
Total liabilitiesLn 26$2.4M
Total net assetsLn 32$34.6M
Months of cash on handcomputed12.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $36.8M · Operating expenses (Pt IX) $2.5M · Less non-cash grants $62K · Cash operating expenses/yr $2.4M
180.5 months
Where the money goes
Program services
Program services $1.9M · Total expenses $2.5M
78%
Management & General
Management & general $431K · Total expenses $2.5M
17%
Fundraising
Fundraising $133K · Total expenses $2.5M
5%
Cost to raise $1
Fundraising expense $133K · Solicited contributions $761K
$0.17 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $761K · Total revenue $2.9M
26%
Government reliance
Government grants — · Total revenue $2.9M
Earned-income share
Program service revenue $4K · Total revenue $2.9M
0.1%
Investment reliance
Investment income $1.1M · Total revenue $2.9M
+36%
Program self-sufficiency
Program service revenue $4K · Total expenses $2.5M
0.2%
Growth & trend
Revenue growth (YoY)
This year $2.9M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $34.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.9M · Expenses $2.5M
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $36.9M
Net-asset ratio
Net assets $34.6M · Total assets $36.9M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $33.9M · Other securities (Pt X, ln 12) $137K · Total assets (Pt X, ln 16) $36.9M
92%
People & payroll
Highest Reported Total Compensation
Individual Rand E Morgan · Reported title PRESIDENT/CE · Highest reported compensation $105K · Total expenses $2.5M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $425K · Total expenses $2.5M
17%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 17%
Fundraising cost ratio 17%
Investment management fee ratio 0.4%
Legal fee ratio 0.3%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 5 funders$16K
See all 5 funders →
Grants paid · 368 grants · $16.2M · 2020–2025
Greeley Creative DistrictCO · FY2025$727,041
A Womans Place INCCO · FY2025$602,455
Unitemized GrantFY2025$571,083
Greeley Stampede FoundationCO · FY2025$200,500
McPherson CollegeKS · FY2025$100,000
Weld Women2womenCO · FY2025$60,892
Weld Food BankCO · FY2025$50,409
City of Fort LuptonFY2025$50,000
Whale INCTX · FY2025$43,058
See all 368 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$18.0M revenue · ⤓ 990 PDF
FY2024$7.5M revenue · ⤓ 990 PDF
FY2023$4.5M revenue · ⤓ 990 PDF
FY2022$15.8M revenue · ⤓ 990 PDF
FY2021$13.5M revenue · ⤓ 990 PDF
FY2020$2.9M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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