Pikes Peak Community Foundation

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To inspire a passionate Community to forge an enduring legacy now and for future generations. This mission is attained by building a Community endowment, helping donors address Community needs and providing philanthropic leadership.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 17 volunteers and 12 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 6
filings with a surplus
Average surplus $3.9M a year · 24% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$647K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Plus $83.9M in investments, Pt X · Ln 11–13
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $554K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$12.2M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.7M
+59% vs prior year
Spent
$11.1M
To programs
93%
Net assets
$80.7M
By yearFY2020–FY2025
Revenue
$17.7M
FY2025▲ +59%
Tap a bar for its year
Revenue by fiscal year
FY2020$13.9M
FY2021$22.2M
FY2022$17.3M
FY2023$17.0M
FY2024$11.2M
FY2025$17.7M
Expenses
$11.1M
FY2025▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.3M
FY2021$10.0M
FY2022$13.1M
FY2023$20.2M
FY2024$12.8M
FY2025$11.1M
Net assets
$80.7M
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$64.8M
FY2021$76.5M
FY2022$72.3M
FY2023$71.3M
FY2024$72.0M
FY2025$80.7M

From the FY2025 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 Aug 1996.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $10.4M Management & general 7% · $777K

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

20 people listed on the 990; $647K paid to officers and key staff.

Part VII, Section A · reportable compensation
$234,480Pt VII · Sec A
Vice President, Community Investment
$173,791Pt VII · Sec A
Director, Finance & Operations
$123,941Pt VII · Sec A
Director, Marketing and Comms.
$114,341Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Margaret Dolan’s $234K as CEO is at the 50th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Margaret Dolan$234,480$218,281$193,401———
Gary Butterworth———$173,673$182,620$190,624
Nicole Rivet$173,791—————
David Dahlin———$151,791$115,251—
Leslie Sabin——$53,061$139,635$122,659$111,434
Rob Faughnan VP Asset—$139,179————
Jessie Martinez$123,941$121,793$116,084———
Kevin Farley$114,341$109,386————

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 Pikes Peak 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

Promotes regional philanthropy and conducts community research to guide strategic investments and support shared values in El Paso and Teller counties.

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Provided by the organization

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3 programs · $10.4M · in their own filed words · FY2025
01

The community foundation offers a wide array of services to assist community-minded people and businesses achieve their philanthropic goals. We help create, nurture, and deploy custom-designed philanthropic funds and endowments to support the community now and for generations to come.

$8.8Mprogram expense
02

Community Impact

These public-facing programs, funded AND/OR operated by the community foundation, help us realize our vision of a thriving, resilient, sustainable community with a vibrant quality of life for all. We continued to help fund programs aimed at the redevelopment efforts embodied in the transforming safety initiative.

$907Kprogram expense
03

Our Spacious Skies

A regional initiative to identify shared community values and priorities across el paso and teller counties. This multi-phase effort uses scientifically grounded research and broad public input to develop a clear picture of what matters most to residents.

$639Kprogram 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
See all 13 funders →
Grants paid · 1,042 grants · $58.3M · 2020–2025
Sigler Western MuseumAZ · FY2025$329,500
Peak EducationCO · FY2025$198,000
Boyd RanchAZ · FY2025$127,500
The Salvation ArmyHI · FY2025$106,000
Care and Share INCCO · FY2025$96,800
Atlas Preparatory School INCCO · FY2025$78,000
Hope and HomeCO · FY2025$65,427
The Springs Rescue MissionCO · FY2025$64,400
The Catamount InstituteCO · FY2025$60,623
The PlaceCO · FY2025$60,250
First Congregational ChurchCO · FY2025$57,728
See all 1,042 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$17.7M
Ln 12
Gifts and grantsLn 1h$9.6M
Investment incomeLn 3$7.9M
Fees for servicesLn 2g$165K
Money outPt IX
$11.1M
Ln 25
Programscol B$10.4M
Managementcol C$777K
Owns and owesPt X
$80.7M
net assets · Ln 32
Cash and savingsLn 1–2$8.6M
Total assetsLn 16$92.9M
LiabilitiesLn 26$12.2M
PeoplePt VI, VII
20
listed · VII A
PaidVII A4
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.6M
Noncash giftsLn 1g$2.3M
Fees for servicesLn 2g$165K
Investment incomeLn 3$7.9M
Other incomeLn 4–11$58K
Gains on assetsLn 7$5.9M
Total revenueLn 12$17.7M
Assets in detailPt X, end of year
CashLn 1$6.4M
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$8.6M
InvestmentsLn 11–13$83.9M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$92.9M
LiabilitiesLn 26$12.2M
Net assetsLn 32$80.7M
OperationsPt I, VI
EmployeesI 512
VolunteersI 617
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 FY25End FY25
Cash and savingsLn 1–2$9.1M$8.6M
InvestmentsLn 11–13$74.3M$83.9M
Land, buildings, equipmentLn 10c$404K$0
Total assetsLn 16$84.6M$92.9M
LiabilitiesLn 26$12.5M$12.2M
Net assetsLn 32$72.0M$80.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8.6M$8.6M
Grants and assistance to foreign recipientsLn 3$5K$5K
Pay of current officers, directors and key staffLn 5$407K$189K$218K
Other salaries and wagesLn 7$638K$447K$190K
Pension plan contributionsLn 8$31K$22K$9K
Other employee benefitsLn 9$74K$49K$26K
Payroll taxesLn 10$98K$60K$38K
Legal feesLn 11b$991$898$93
Accounting feesLn 11c$41K$37K$4K
Investment management feesLn 11f$363K$350K$13K
Other fees for servicesLn 11g$311K$282K$29K
Advertising and promotionLn 12$44K$21K$24K
Office expensesLn 13$35K$16K$19K
Information technologyLn 14$74K$35K$39K
OccupancyLn 16$125K$77K$48K
TravelLn 17$4K$2K$2K
Conferences, conventions and meetingsLn 19$9K$4K$5K
Depreciation, depletion and amortizationLn 22$4K$2K$3K
InsuranceLn 23$26K$12K$14K
Other expenses (24a–d)Ln 24$199K$102K$98K
Total functional expensesLn 25$11.1M$10.4M$777K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $17.7M$11.1M$6.6M$80.7M 990 PDF
FY2024 $11.2M$12.8M−$1.6M$72.0M 990 PDF
FY2023 $17.0M$20.2M−$3.3M$71.3M 990 PDF
FY2022 $17.3M$13.1M$4.2M$72.3M 990 PDF
FY2021 $22.2M$10.0M$12.1M$76.5M 990 PDF
FY2020 $13.9M$8.3M$5.6M$64.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $17,726,728 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,273,938$9,616,957
I-9 Program service revenuePrior year $101,842$165,343
I-10 Investment incomePrior year $4,729,531$7,886,226
I-11 Other revenuePrior year $54,114$58,202
I-12 Total revenuePrior year $11,159,425$17,726,728
I-13 Grants and similar amounts paidPrior year $10,610,505$8,651,893
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,189,357$1,247,746
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $976,522$1,236,380
I-18 Total expensesPrior year $12,776,384$11,136,019
I-19 Revenue less expensesPrior year −$1,616,959$6,590,709
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $17,726,728 across 8 lines filed
VIII-1f All other contributions, gifts and grants$9,616,957
VIII-1g Noncash contributions (included above)$2,316,716
VIII-1h Total contributions, gifts and grants$9,616,957
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $165,343$165,343
VIII-3 Investment incomeUnrelated business $22,800 · Excluded from tax $1,979,801$2,002,601
VIII-5 RoyaltiesExcluded from tax $58,202$58,202
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,883,625$5,883,625
VIII-12 Total revenueRelated to mission $165,343 · Unrelated business $22,800 · Excluded from tax $7,921,628$17,726,728
Part IX · Statement of functional expenses $11,136,019 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $8,646,893$8,646,893
IX-3 Grants and assistance to foreign recipientsPrograms $5,000$5,000
IX-5 Pay of current officers, directors and key staffPrograms $189,339 · Management $218,057$407,396
IX-7 Other salaries and wagesPrograms $447,387 · Management $190,480$637,867
IX-8 Pension plan contributionsPrograms $21,616 · Management $9,051$30,667
IX-9 Other employee benefitsPrograms $48,642 · Management $25,521$74,163
IX-10 Payroll taxesPrograms $60,029 · Management $37,624$97,653
IX-11b Legal feesPrograms $898 · Management $93$991
IX-11c Accounting feesPrograms $37,454 · Management $3,873$41,327
IX-11f Investment management feesPrograms $349,833 · Management $13,306$363,139
IX-11g Other fees for servicesPrograms $281,596 · Management $29,295$310,891
IX-12 Advertising and promotionPrograms $20,741 · Management $23,652$44,393
IX-13 Office expensesPrograms $16,278 · Management $18,564$34,842
IX-14 Information technologyPrograms $34,622 · Management $39,483$74,105
IX-16 OccupancyPrograms $77,333 · Management $47,794$125,127
IX-17 TravelPrograms $1,638 · Management $1,867$3,505
IX-19 Conferences, conventions and meetingsPrograms $4,120 · Management $4,699$8,819
IX-22 Depreciation, depletion and amortizationPrograms $1,582 · Management $2,681$4,263
IX-23 InsurancePrograms $11,974 · Management $13,656$25,630
IX-24 Other expenses (24a–d)Programs $101,665 · Management $97,683$199,348
IX-25 Total functional expensesPrograms $10,358,640 · Management $777,379 · Fundraising $0$11,136,019
Part X · Balance sheet $92,942,575 assets, 16 lines filed
Asset lines not itemized here account for $361,008; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $6,992,983$6,436,962
X-2 Savings and temporary cash investmentsStart of year $2,063,024$2,178,611
X-3 Pledges and grants receivableStart of year $58,824$0
X-4 Accounts receivableStart of year $9,429$28
X-9 Prepaid expenses and deferred chargesStart of year $111,303$86,449
X-10c Land, buildings and equipment, netStart of year $404,343$0
X-11 Publicly traded securitiesStart of year $69,548,146$77,337,887
X-12 Other securitiesStart of year $4,734,030$6,541,630
X-16 Total assetsStart of year $84,576,771$92,942,575
X-17 Accounts payable and accrued expensesStart of year $35,493$18,424
X-18 Grants payableStart of year $910,000$0
X-25 Other liabilitiesStart of year $11,590,464$12,200,308
X-26 Total liabilitiesStart of year $12,535,957$12,218,732
X-27 Net assets without donor restrictionsStart of year $72,040,814$80,723,843
X-32 Total net assets or fund balancesStart of year $72,040,814$80,723,843
X-33 Total liabilities and net assetsStart of year $84,576,771$92,942,575
Part XI · Reconciliation of net assets $80,723,843 net assets at year end
XI-1 Total revenue$17,726,728
XI-2 Total expenses$11,136,019
XI-3 Revenue less expenses$6,590,709
XI-4 Net assets at start of year$72,040,814
XI-5 Net unrealized gains (losses) on investments$2,115,120
XI-9 Other changes in net assets−$22,800
XI-10 Net assets at end of year$80,723,843

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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