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Colorado Ballet Foundation

Tax-deductible

Denver, CO501(c)(3)Since 2021Arts & CultureEIN 88-0544157Revenue $2.7M in FY2025

On file with the IRS1075 Santa Fe Dr, 80204-3950 · Denver, COTax-exempt since Mar 2023Supporting org, Type I — 509(a)(3)

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The goal of the Colorado Ballet Foundation (the "Foundation") is to maintain and grow the endowment fund over time to provide a reliable source of funds to Colorado Ballet and to supplement Colorado Ballet revenues from operations so that the combined revenues from Colorado Ballet operations and from the Foundation will be adequate to support and enhance the operations of Colorado Ballet for the indefinite future.

501(c)(3) charity; gifts are tax-deductible.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
3 of 3
filings with a surplus
Average surplus $3.4M a year · 99% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Cash reserves
295 mo
of spending, in cash
Looks good: 295.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.3M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+46% vs prior year
Spent
$21K
Net assets
$11.7M
By yearFY2022–FY2025
Revenue
$2.7M
FY2025▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2022$0
FY2023$5.7M
FY2024$1.8M
FY2025$2.7M
Expenses
$21K
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$13K
FY2024$19K
FY2025$21K
Net assets
$11.7M
FY2025▲ +40%
Tap a bar for its year
Net assets by fiscal year
FY2022$0
FY2023$5.9M
FY2024$8.4M
FY2025$11.7M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2023.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $21K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Geoff Long
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Brent Backes
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Bernee Strom
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Dana Fusaris
Director
$0Pt VII · Sec A
See Colorado Ballet 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 15aNo

Programs and updates

Manages endowment funds for Colorado Ballet, ensuring responsible financial stewardship.

Questions for Colorado Ballet Foundation

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Your first name shows with your question. Colorado Ballet Foundation answers here, for everyone.

Provided by the organization

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1 program · in their own filed words · FY2024
01

The purpose of the organization is to provide fiduciary oversight and management of the endowment funds for colorado ballet which will be distributed to colorado ballet in order to support the operations of colorado ballet.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Colorado Ballet CompanyFY2024$2.3M
Total grants receivedfrom 1 funder$2.3M

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.3M
Investment incomeLn 3$346K
Money outPt IX
$21K
Ln 25
Managementcol C$21K
Owns and owesPt X
$11.7M
net assets · Ln 32
Cash and savingsLn 1–2$518K
Total assetsLn 16$11.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Investment incomeLn 3$346K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
SavingsLn 2$518K
Cash and savings togetherLn 1–2$518K
InvestmentsLn 11–13$11.2M
Total assetsLn 16$11.7M
LiabilitiesLn 26$0
Net assetsLn 32$11.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$107K$518K
InvestmentsLn 11–13$8.3M$11.2M
Total assetsLn 16$8.4M$11.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$8.4M$11.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$21K$21K
Total functional expensesLn 25$21K$0$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.7M$21K$2.6M$11.7M 990 PDF
FY2024 $1.8M$19K$1.8M$8.4M 990 PDF
FY2023 $5.7M$13K$5.7M$5.9M 990 PDF
FY2022 $0$0 990 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 FY2025 990 (6 parts)
Part I · Summary $2,650,749 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,593,441$2,305,200
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $216,325$345,549
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,809,766$2,650,749
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,426$21,059
I-18 Total expensesPrior year $19,426$21,059
I-19 Revenue less expensesPrior year $1,790,340$2,629,690
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,650,749 across 5 lines filed
VIII-1d Related organizations$2,305,000
VIII-1f All other contributions, gifts and grants$200
VIII-1h Total contributions, gifts and grants$2,305,200
VIII-3 Investment incomeExcluded from tax $345,549$345,549
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $345,549$2,650,749
Part IX · Statement of functional expenses $21,059 across 1 line filed
IX-11f Investment management feesManagement $21,059$21,059
IX-25 Total functional expensesPrograms $0 · Management $21,059 · Fundraising $0$21,059
Part X · Balance sheet $11,741,565 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $107,387$518,367
X-11 Publicly traded securitiesStart of year $7,680,972$9,910,787
X-12 Other securitiesStart of year $569,177$1,312,411
X-16 Total assetsStart of year $8,357,536$11,741,565
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,127,547$4,886,527
X-28 Net assets with donor restrictionsStart of year $6,229,989$6,855,038
X-32 Total net assets or fund balancesStart of year $8,357,536$11,741,565
X-33 Total liabilities and net assetsStart of year $8,357,536$11,741,565
Part XI · Reconciliation of net assets $11,741,565 net assets at year end
XI-1 Total revenue$2,650,749
XI-2 Total expenses$21,059
XI-3 Revenue less expenses$2,629,690
XI-4 Net assets at start of year$8,357,536
XI-5 Net unrealized gains (losses) on investments$754,339
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,741,565

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

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