Overview
What is Philanthropy Colorado?
Philanthropy Colorado is a nonprofit organization based in Arvada, Colorado, with a mission to strengthen communities by fostering connections, sharing information, and providing resources. The organization has a diverse range of activities, including education and training, learning networks, and advocacy. In 2022, Philanthropy Colorado initiated numerous virtual and in-person forums to discuss various issues such as climate action, racial equity, and pandemic responses. They also launched an equity section on their website, established an equity committee, and added new peer networks. The organization has a strong focus on equity and inclusion, aiming to incorporate diverse voices in their programs and planning. Philanthropy Colorado also partners with other organizations to offer training opportunities and collaborate on learning exchanges. With a committed team of 6 employees, the organization strives to actively lead and serve the philanthropic sector in Colorado, achieving record membership levels and strong member retention.
Official website here: www.philanthropycolorado.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Philanthropy Colorado has achieved a perfect score of 100%, reflecting excellent accountability and financial management practices. This high rating is primarily based on the organization's commitment to transparency and governance, as indicated by the presence of independent board members and comprehensive policies such as conflict of interest and whistleblower protections.
The organization boasts a strong financial profile, with a program expense ratio of 84.48%, signifying that a substantial portion of its resources is dedicated to its charitable programs. Additionally, there are no reported material diversions of assets, ensuring that funds are utilized effectively and responsibly. The organization also adheres to best practices in terms of document management and availability of financial information.
While the rating highlights the strengths of Philanthropy Colorado, it is essential to consider that the score is derived solely from accountability and finance metrics. Other aspects such as program outcomes and community impact are not factored into this rating, which may limit a comprehensive evaluation of the organization's overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Philanthropy Colorado legitimate?
Philanthropy Colorado is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philanthropy Colorado submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $127,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $340,588
For more financial information, click here
Official website here: www.philanthropycolorado.org
What is the mission statement of Philanthropy Colorado?
Philanthropy Colorado, a nonprofit organization, aims to strengthen communities by bringing people, information, and resources together. Their activities focus on education and training, learning networks, and advocacy, with the ultimate goal of serving and leading the diverse and dynamic philanthropic sector that supports nonprofits and communities across the state. They accomplish this through various initiatives, including forums, equity-focused programs, and peer networks, fostering collaboration and knowledge exchange among grantmakers. Their mission is to promote a more equitable and informed philanthropic landscape, advocating for various issues such as advocacy, rural broadband, housing affordability, and racial equity.
Official website here: www.philanthropycolorado.org
Who is the CEO of Philanthropy Colorado?
Joanne Kelley is the Chair of Philanthropy Colorado. The CEO's salary of Philanthropy Colorado is $127,500 and their total compensation is $136,425.
Official website here: www.philanthropycolorado.org
What is the revenue of Philanthropy Colorado?
Philanthropy Colorado's revenue in 2022 was $693,444.
Official website here: www.philanthropycolorado.org
Who are the executives of Philanthropy Colorado and what are their salaries?
The average compensation at Philanthropy Colorado during 2022 was $78,015. There are 6 employees and 14 volunteers at Philanthropy Colorado.
Here are 13 key members and their salaries (Philanthropy Colorado's CEO's salary is $127,500 and their total compensation is $136,425):
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- Compensation: $127,500
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- Other: $8,925
Official website here: www.philanthropycolorado.org
Where can I find the form 990 for Philanthropy Colorado?
Philanthropy Colorado's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.philanthropycolorado.org
Learn more at the official website: www.philanthropycolorado.org
Mission Statement of Philanthropy Colorado
Philanthropy Colorado, a nonprofit membership association, is dedicated to strengthening communities across Colorado. Their mission revolves around bringing people, information, and resources together. By doing so, they aim to educate, train, and advocate for the diverse and dynamic philanthropic sector that supports nonprofits and communities throughout the state. This organization serves as a bridge, connecting various entities to foster growth and development in Colorado's communities. By leading and serving this sector, Philanthropy Colorado plays a vital role in promoting a thriving and inclusive community.
In pursuing its mission, Philanthropy Colorado organizes numerous forums and spaces for its members to engage in discussions about a wide range of issues. These topics include advocacy, rural broadband, housing affordability, climate action, disaster resilience, early childhood education, LGBTQ+ violence and hate, participatory philanthropy, data-driven grantmaking, advancing diversity in the philanthropy pipeline, impact investing, pandemic issues, racial equity, federal relief funding, community news, arts and culture, cybersecurity, new employment policies, behavioral health, and more. This extensive coverage of topics reflects Philanthropy Colorado's commitment to addressing the diverse needs of its members and the communities they serve.
Moreover, Philanthropy Colorado emphasizes equity in its activities. The organization has completed a strategic equity roadmap, incorporating an evolving equity lens into its external program planning. This commitment to equity is also reflected in its website, which features information on its equity initiatives, resources, and organizations in the field. Philanthropy Colorado has also established an equity committee to help guide its work in this area. By prioritizing equity, this organization is committed to fostering a more inclusive and equitable philanthropic sector in Colorado.
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Impact
July, 2024
Philanthropy Colorado's impact is evident in its commitment to strengthening Colorado communities by bringing people, information, and resources together. Throughout 2022, Philanthropy Colorado has created numerous forums and spaces for members to engage on a wide range of critical issues such as advocacy, racial equity, disaster resilience, early childhood education, and more. The organization has also made significant strides in advancing diversity, equity, and inclusion within its programs and peer groups, ensuring that diverse voices are included and heard.
In addition to this, Philanthropy Colorado has launched an equity section on its website, established an equity committee, and added new peer networks to enhance learning and collaboration among members. The organization's CEO forums have provided valuable platforms for leaders to discuss pressing issues, while its director of rural and statewide networks has facilitated learning exchanges and collaborations in diverse regions across rural Colorado.
Furthermore, through partnerships with organizations like the Trust-Based Philanthropy Project and ABFE, Philanthropy Colorado has offered training opportunities on advancing racial equity through grantmaking. The organization's capacity-building campaign has enabled it to maintain additional staff and resources to continue leading and serving the field of philanthropy in Colorado effectively.
Overall, Philanthropy Colorado's impact is reflected in its record membership levels, strong member retention, and strategic initiatives aimed at fostering collaboration, learning, and positive change within Colorado communities.
This information is meant to be a general summary of Philanthropy Colorado. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,725
- Program Service Revenue: $316,264
- Gross Receipts: $693,444
Assets and Liabilities:
- Total Assets: $1,081,187
- Total Liabilities: $161,860
- Net Assets: $919,327
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$283,319
PROGRAM FEES
Revenue
$32,945
Organization Details
Founding Year
2003
Phone
(720) 842-7209Principal Officer
Joanne Kelley
Main Address
5855 WADSWORTH BYPASS A, ARVADA, CO, 80003
Website
www.philanthropycolorado.orgNTEE Category
Code: T03 - Philanthropy
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