Weld Community Foundation FY2022 filing

Tax-deductible

Greeley, CO501(c)(3)Since 1995Foundations & GrantmakersEIN 84-1315296

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The Weld Community Foundation promotes philanthropy to build resources, develops partnerships, and provides leadership that will be of lasting benefit to our communities.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$112K 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
6 of 6
filings with a surplus
Average surplus $6.5M a year · 63% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$112K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
37 mo
of spending, in cash
Looks good: 37.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $16K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.8M
+17% vs prior year
Spent
$3.7M
To programs
82%
Net assets
$50.6M
By yearFY2020–FY2025
Revenue
$15.8M
FY2022▲ +17%
Revenue by fiscal year
FY2020$2.9M
FY2021$13.5M
FY2022$15.8M
FY2023$4.5M
FY2024$7.5M
FY2025$18.0M
Expenses
$3.7M
FY2022▲ +57%
Expenses by fiscal year
FY2020$2.5M
FY2021$2.4M
FY2022$3.7M
FY2023$4.1M
FY2024$4.9M
FY2025$5.7M
Net assets
$50.6M
FY2022▲ +4%
Net assets by fiscal year
FY2020$34.6M
FY2021$48.6M
FY2022$50.6M
FY2023$56.7M
FY2024$60.5M
FY2025$64.6M

From the FY2022 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: FY2025. IRS ruling in Dec 1995.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $3.1M Management & general 14% · $515K Fundraising 4% · $142K

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

19 people listed on the 990; $112K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Ce
$112,111Pt VII · Sec A
Past Chairpe
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Timothy Coons’s $129K as President / CEO is at the 9th 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 · 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.

See Weld Community Foundation 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

Connects donors with local causes and awards grants to support youth programs, educational projects, and charitable investments throughout Weld County.

Provided by the organization

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3 program services account for $2.2M of program spending, described in the organization's own filed words · FY2022.
01

The foundation administers a robust donor advised fund program made up of multiple donor advised funds. These funds support numerous nonprofits and charities primarily in colorado and specifically weld county.

$1.2Mprogram expense
02

The foundation administers a robust scholarship program made up of multiple scholarship funds serving a variety of student talents and interests. In 2022 the foundation awarded 147 scholarships to 124 recipients.

$811Kprogram expense
03

The littler youth fund awards grants for the benefit of youth in weld county, including operating grants, program grants, and grants to aid in the development of effective teaching strategies and projects by weld county teachers.

$246Kprogram expense

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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
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 →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$15.8M
Ln 12
Gifts and grantsLn 1h$13.1M
Investment incomeLn 3$1.6M
Other incomeLn 4–11$1.2M
Money outPt IX
$3.7M
Ln 25
Programscol B$3.1M
Managementcol C$515K
Fundraisingcol D$142K
Owns and owesPt X
$50.6M
net assets · Ln 32
Cash and savingsLn 1–2$11.6M
Total assetsLn 16$53.2M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.1M
Noncash giftsLn 1g$3.3M
Fundraising eventsLn 1c$133K
Fees for servicesLn 2g$12K
Investment incomeLn 3$1.6M
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$717K
Total revenueLn 12$15.8M
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$11.5M
Cash and savings togetherLn 1–2$11.6M
InvestmentsLn 11–13$41.4M
Land, buildings, equipmentLn 10c$9K
Other assetsLn 15$30K
Total assetsLn 16$53.2M
LiabilitiesLn 26$2.6M
Net assetsLn 32$50.6M
OperationsPt I, VI
EmployeesI 57
VolunteersI 670
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 FY22End FY22
Cash and savingsLn 1–2$6.3M$11.6M
InvestmentsLn 11–13$45.0M$41.4M
Land, buildings, equipmentLn 10c$9K$9K
Total assetsLn 16$51.4M$53.2M
LiabilitiesLn 26$2.8M$2.6M
Net assetsLn 32$48.6M$50.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.8M$1.8M
Grants to domestic individualsLn 2$803K$803K
Pay of current officers, directors and key staffLn 5$128K$26K$64K$39K
Other salaries and wagesLn 7$244K$95K$105K$44K
Pension plan contributionsLn 8$23K$8K$11K$4K
Other employee benefitsLn 9$29K$10K$14K$5K
Payroll taxesLn 10$30K$10K$14K$6K
Accounting feesLn 11c$38K$3K$34K$706
Investment management feesLn 11f$197K$197K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$19K$19K
Information technologyLn 14$34K$12K$20K$2K
OccupancyLn 16$34K$10K$17K$7K
TravelLn 17$897$392$63$442
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$5K$5K
Other expenses (24a–d)Ln 24$321K$292K$8K$21K
All other expensesLn 24e$14K$2K$7K$6K
Total functional expensesLn 25$3.7M$3.1M$515K$142K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $18.0M$5.7M$12.3M$64.6M 990 PDF
FY2024 $7.5M$4.9M$2.7M$60.5M 990 PDF
FY2023 $4.5M$4.1M$483K$56.7M 990 PDF
FY2022 Viewing $15.8M$3.7M$12.1M$50.6M 990 PDF
FY2021 $13.5M$2.4M$11.1M$48.6M 990 PDF
FY2020 $2.9M$2.5M$439K$34.6M 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 (4 parts)
Part VIII · Statement of revenue $15,846,107 across 11 lines filed
VIII-1c Fundraising events$132,957
VIII-1f All other contributions, gifts and grants$12,932,579
VIII-1g Noncash contributions (included above)$3,275,051
VIII-1h Total contributions, gifts and grants$13,065,536
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,052$12,052
VIII-3 Investment incomeExcluded from tax $881,400$881,400
VIII-5 RoyaltiesExcluded from tax $1,159,709$1,159,709
VIII-7 Net gain or loss on sales of assetsRelated to mission $717,142$717,142
VIII-8 Net income from fundraising eventsExcluded from tax $4,216$4,216
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,052$6,052
VIII-12 Total revenueRelated to mission $729,194 · Excluded from tax $2,051,377$15,846,107
Part IX · Statement of functional expenses $3,739,025 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $1,810,923$1,810,923
IX-2 Grants to domestic individualsPrograms $802,806$802,806
IX-5 Pay of current officers, directors and key staffPrograms $25,699 · Management $64,249 · Fundraising $38,548$128,496
IX-7 Other salaries and wagesPrograms $95,208 · Management $105,151 · Fundraising $43,890$244,249
IX-8 Pension plan contributionsPrograms $8,447 · Management $10,770 · Fundraising $4,053$23,270
IX-9 Other employee benefitsPrograms $9,655 · Management $13,946 · Fundraising $5,006$28,607
IX-10 Payroll taxesPrograms $9,841 · Management $13,669 · Fundraising $6,477$29,987
IX-11c Accounting feesPrograms $3,059 · Management $34,104 · Fundraising $706$37,869
IX-11f Investment management feesManagement $197,188$197,188
IX-12 Advertising and promotionFundraising $7,151$7,151
IX-13 Office expensesManagement $18,803$18,803
IX-14 Information technologyPrograms $11,907 · Management $19,716 · Fundraising $1,947$33,570
IX-16 OccupancyPrograms $10,096 · Management $16,827 · Fundraising $6,731$33,654
IX-17 TravelPrograms $392 · Management $63 · Fundraising $442$897
IX-19 Conferences, conventions and meetingsManagement $1,041$1,041
IX-22 Depreciation, depletion and amortizationManagement $4,782$4,782
IX-24 Other expenses (24a–d)Programs $292,236 · Management $7,992 · Fundraising $21,117$321,345
IX-24e All other expensesPrograms $1,582 · Management $6,639 · Fundraising $6,166$14,387
IX-25 Total functional expensesPrograms $3,081,851 · Management $514,940 · Fundraising $142,234$3,739,025
Part X · Balance sheet $53,162,863 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $49,498$36,374
X-2 Savings and temporary cash investmentsStart of year $6,219,368$11,531,096
X-3 Pledges and grants receivableStart of year $1,697$514
X-4 Accounts receivableStart of year $86,496$110,557
X-9 Prepaid expenses and deferred chargesStart of year $3,665$8,093
X-10c Land, buildings and equipment, netStart of year $9,050$8,754
X-11 Publicly traded securitiesStart of year $44,822,175$41,289,629
X-12 Other securitiesStart of year $142,007$147,571
X-15 Other assetsStart of year $58,663$30,275
X-16 Total assetsStart of year $51,392,619$53,162,863
X-17 Accounts payable and accrued expensesStart of year $22,667$21,588
X-18 Grants payableStart of year $233,714$533,750
X-19 Deferred revenue$500
X-25 Other liabilitiesStart of year $2,538,438$2,003,098
X-26 Total liabilitiesStart of year $2,794,819$2,558,936
X-27 Net assets without donor restrictionsStart of year $4,124,140$3,373,454
X-28 Net assets with donor restrictionsStart of year $44,473,660$47,230,473
X-32 Total net assets or fund balancesStart of year $48,597,800$50,603,927
X-33 Total liabilities and net assetsStart of year $51,392,619$53,162,863
Part XI · Reconciliation of net assets $50,603,927 net assets at year end
XI-1 Total revenue$15,846,107
XI-2 Total expenses$3,739,025
XI-3 Revenue less expenses$12,107,082
XI-4 Net assets at start of year$48,597,800
XI-5 Net unrealized gains (losses) on investments−$10,604,413
XI-9 Other changes in net assets$503,458
XI-10 Net assets at end of year$50,603,927

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

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