Weld Community Foundation FY2023 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.
85¢ of each $1 spent went to programs.
$131K 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

FY2023 · 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
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
26 mo
of spending, in cash
Looks good: 25.9 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
$3.4M
6% of total assets
Looks good: liabilities are 6% 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
$4.5M
-71% vs prior year
Spent
$4.1M
To programs
85%
Net assets
$56.7M
By yearFY2020–FY2025
Revenue
$4.5M
FY2023▼ -71%
Revenue by fiscal year
FY2020$2.9M
FY2021$13.5M
FY2022$15.8M
FY2023$4.5M
FY2024$7.5M
FY2025$18.0M
Expenses
$4.1M
FY2023▲ +9%
Expenses by fiscal year
FY2020$2.5M
FY2021$2.4M
FY2022$3.7M
FY2023$4.1M
FY2024$4.9M
FY2025$5.7M
Net assets
$56.7M
FY2023▲ +12%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Dec 1995.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $3.5M Management & general 13% · $510K Fundraising 2% · $96K

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; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Ce
$131,032Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
1st Vice Cha
$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 programs · $3.2M · in their own filed words · FY2023
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.

$1.4Mprogram expense
02

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.

$1.0Mprogram expense
03

The foundation administers a robust scholarship program made up of multiple scholarship funds serving a variety of student talents and interests. In 2023 the foundation awarded 164 scholarships.

$745Kprogram 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
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 FY2023 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Gifts and grantsLn 1h$2.6M
Investment incomeLn 3$1.0M
Other incomeLn 4–11$863K
Money outPt IX
$4.1M
Ln 25
Programscol B$3.5M
Managementcol C$510K
Fundraisingcol D$96K
Owns and owesPt X
$56.7M
net assets · Ln 32
Cash and savingsLn 1–2$8.8M
Total assetsLn 16$60.1M
LiabilitiesLn 26$3.4M
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$2.6M
Noncash giftsLn 1g$21K
Fundraising eventsLn 1c$147K
Fees for servicesLn 2g$14K
Investment incomeLn 3$1.0M
Other incomeLn 4–11$863K
Gains on assetsLn 7−$289K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$233K
SavingsLn 2$8.5M
Cash and savings togetherLn 1–2$8.8M
InvestmentsLn 11–13$51.1M
Land, buildings, equipmentLn 10c$13K
Other assetsLn 15$85K
Total assetsLn 16$60.1M
LiabilitiesLn 26$3.4M
Net assetsLn 32$56.7M
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 FY23End FY23
Cash and savingsLn 1–2$11.6M$8.8M
InvestmentsLn 11–13$41.4M$51.1M
Land, buildings, equipmentLn 10c$9K$13K
Total assetsLn 16$53.2M$60.1M
LiabilitiesLn 26$2.6M$3.4M
Net assetsLn 32$50.6M$56.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.4M$2.4M
Grants to domestic individualsLn 2$737K$737K
Pay of current officers, directors and key staffLn 5$141K$28K$70K$42K
Other salaries and wagesLn 7$257K$102K$107K$47K
Pension plan contributionsLn 8$24K$9K$11K$4K
Other employee benefitsLn 9$31K$10K$15K$5K
Payroll taxesLn 10$32K$11K$14K$7K
Legal feesLn 11b$180$180
Accounting feesLn 11c$22K$22K
Investment management feesLn 11f$186K$186K
Other fees for servicesLn 11g$14K$5K$8K$717
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$18K$18K
Information technologyLn 14$38K$16K$17K$5K
OccupancyLn 16$36K$11K$18K$7K
TravelLn 17$2K$817$491$517
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$3K$3K
Other expenses (24a–d)Ln 24$175K$117K$75$58K
All other expensesLn 24e−$67K$2K$17K−$85K
Total functional expensesLn 25$4.1M$3.5M$510K$96K

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 Viewing $4.5M$4.1M$483K$56.7M 990 PDF
FY2022 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $4,548,009 across 11 lines filed
VIII-1c Fundraising events$146,626
VIII-1f All other contributions, gifts and grants$2,474,757
VIII-1g Noncash contributions (included above)$20,595
VIII-1h Total contributions, gifts and grants$2,621,383
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,787$13,787
VIII-3 Investment incomeExcluded from tax $1,338,732$1,338,732
VIII-5 RoyaltiesExcluded from tax $862,842$862,842
VIII-7 Net gain or loss on sales of assetsRelated to mission −$289,049−$289,049
VIII-8 Net income from fundraising eventsExcluded from tax −$6,244−$6,244
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,558$6,558
VIII-12 Total revenueRelated to mission −$275,262 · Excluded from tax $2,201,888$4,548,009
Part IX · Statement of functional expenses $4,064,639 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $2,408,842$2,408,842
IX-2 Grants to domestic individualsPrograms $736,651$736,651
IX-5 Pay of current officers, directors and key staffPrograms $28,154 · Management $70,384 · Fundraising $42,229$140,767
IX-7 Other salaries and wagesPrograms $102,254 · Management $107,068 · Fundraising $47,442$256,764
IX-8 Pension plan contributionsPrograms $8,729 · Management $10,982 · Fundraising $4,207$23,918
IX-9 Other employee benefitsPrograms $10,433 · Management $15,070 · Fundraising $5,410$30,913
IX-10 Payroll taxesPrograms $10,625 · Management $14,355 · Fundraising $7,050$32,030
IX-11b Legal feesPrograms $180$180
IX-11c Accounting feesManagement $22,400$22,400
IX-11f Investment management feesManagement $185,847$185,847
IX-11g Other fees for servicesPrograms $5,075 · Management $8,198 · Fundraising $717$13,990
IX-12 Advertising and promotionFundraising $4,195$4,195
IX-13 Office expensesManagement $17,940$17,940
IX-14 Information technologyPrograms $16,228 · Management $16,510 · Fundraising $4,918$37,656
IX-16 OccupancyPrograms $10,800 · Management $18,000 · Fundraising $7,200$36,000
IX-17 TravelPrograms $817 · Management $491 · Fundraising $517$1,825
IX-19 Conferences, conventions and meetingsManagement $3,860$3,860
IX-22 Depreciation, depletion and amortizationManagement $2,524$2,524
IX-24 Other expenses (24a–d)Programs $117,050 · Management $75 · Fundraising $57,736$174,861
IX-24e All other expensesPrograms $1,961 · Management $16,667 · Fundraising −$85,152−$66,524
IX-25 Total functional expensesPrograms $3,457,799 · Management $510,371 · Fundraising $96,469$4,064,639
Part X · Balance sheet $60,066,261 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $36,374$233,130
X-2 Savings and temporary cash investmentsStart of year $11,531,096$8,524,957
X-3 Pledges and grants receivableStart of year $514$83
X-4 Accounts receivableStart of year $110,557$152,957
X-9 Prepaid expenses and deferred chargesStart of year $8,093$4,209
X-10c Land, buildings and equipment, netStart of year $8,754$13,246
X-11 Publicly traded securitiesStart of year $41,289,629$50,899,359
X-12 Other securitiesStart of year $147,571$153,400
X-15 Other assetsStart of year $30,275$84,920
X-16 Total assetsStart of year $53,162,863$60,066,261
X-17 Accounts payable and accrued expensesStart of year $21,588$35,372
X-18 Grants payableStart of year $533,750$854,147
X-19 Deferred revenueStart of year $500$1,650
X-25 Other liabilitiesStart of year $2,003,098$2,482,410
X-26 Total liabilitiesStart of year $2,558,936$3,373,579
X-27 Net assets without donor restrictionsStart of year $3,373,454$3,753,324
X-28 Net assets with donor restrictionsStart of year $47,230,473$52,939,358
X-32 Total net assets or fund balancesStart of year $50,603,927$56,692,682
X-33 Total liabilities and net assetsStart of year $53,162,863$60,066,261
Part XI · Reconciliation of net assets $56,692,682 net assets at year end
XI-1 Total revenue$4,548,009
XI-2 Total expenses$4,064,639
XI-3 Revenue less expenses$483,370
XI-4 Net assets at start of year$50,603,927
XI-5 Net unrealized gains (losses) on investments$6,033,419
XI-9 Other changes in net assets−$428,034
XI-10 Net assets at end of year$56,692,682

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

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