Overview
What is Colorado Healing Fund?
Colorado Healing Fund is a nonprofit organization situated in Denver, Colorado, with a single employee. Its primary objective is to provide assistance to local communities, addressing the financial, emotional, and physical needs of victims of mass criminal tragedies in the state. In 2022, the organization was activated following the incident at Club Q in Colorado Springs. Funds were also disbursed for prior activations, such as the one in Boulder at King Soopers. The Colorado Healing Fund aims to establish a secure platform for public contributions to aid victims of mass tragedies in Colorado. The organization's mission is to support the affected communities in their recovery process.
Official website here: www.coloradohealingfund.org
What are the reviews and ratings of this charity?
95% rating from Charity Navigator.
The Colorado Healing Fund has achieved an impressive Four-Star out of Four Star rating, indicating a high level of accountability and financial health. This rating is based entirely on their Accountability & Finance score, which stands at 95%. The organization has demonstrated strong governance practices, including having a fully independent board and well-maintained financial oversight.
Strengths of the organization include the absence of material diversions of assets, a significant program expense ratio of nearly 96%, and exceptional fundraising efficiency, with only $0.02 spent to raise each dollar. Their working capital ratio of 2.83 years further highlights their financial stability and ability to sustain operations over time.
However, it is noted that the organization lacks a whistleblower policy, which may be a concern for transparency and accountability. Despite this limitation, the overall financial practices and governance structures of the Colorado Healing Fund suggest a reliable and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Healing Fund legitimate?
Colorado Healing Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Healing Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $102,481
For more financial information, click here
Official website here: www.coloradohealingfund.org
What is the mission statement of Colorado Healing Fund?
The Colorado Healing Fund's mission is to establish a secure platform for public contributions towards victims of mass tragedies within the state. Its primary goal is to assist these victims with their financial, emotional, and physical needs, providing aid to local communities affected by such incidents. In the event of a mass tragedy, the fund aims to alleviate the burdens faced by the victims, thereby offering a sense of support and relief. In 2022, the fund was activated to support victims of the Club Q incident in Colorado Springs. Additionally, funds were disbursed for prior activations, such as the Boulder King Soopers tragedy.
Official website here: www.coloradohealingfund.org
Who is the CEO of Colorado Healing Fund?
Cynthia Coffman is the Board Chair of Colorado Healing Fund.
Official website here: www.coloradohealingfund.org
What is the revenue of Colorado Healing Fund?
Colorado Healing Fund's revenue in 2022 was $2,824,861.
Official website here: www.coloradohealingfund.org
Who are the executives of Colorado Healing Fund and what are their salaries?
The average compensation at Colorado Healing Fund during 2022 was $102,481. There is 1 employee at Colorado Healing Fund.
Here are 11 key members and their salaries:
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Official website here: www.coloradohealingfund.org
Where can I find the form 990 for Colorado Healing Fund?
Colorado Healing Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coloradohealingfund.org
Learn more at the official website: www.coloradohealingfund.org
Mission Statement of Colorado Healing Fund
The Colorado Healing Fund is an organization dedicated to establishing a secure platform for the public to contribute to victims of mass tragedies within Colorado. Its primary mission is to assist local communities in addressing the financial, emotional, and physical needs of those affected by such tragedies that occur within the state. The fund aims to provide support and aid during challenging times, ensuring that victims receive the necessary assistance they require to recover and rebuild their lives. In 2022, the Colorado Healing Fund was activated following the Club Q incident in Colorado Springs, and it also distributed funds for prior activations, such as the one in Boulder at King Soopers.
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Impact
July, 2024
Colorado Healing Fund has made a significant impact by providing support to assist local communities with the financial, emotional, and physical needs of victims of mass criminal tragedy in Colorado. This organization has established a secure way for the public to contribute to victims of mass tragedy in the state and has been instrumental in helping communities cope with the aftermath of such incidents. Notably, the fund was activated in response to the mass shooting at Club Q in Colorado Springs in 2022, showing its commitment to aiding those affected by such tragedies. Additionally, funds have been disbursed for prior activations, including the tragic event at a King Soopers store in Boulder. Through its efforts, Colorado Healing Fund plays a crucial role in promoting public safety and providing essential support to victims and communities in times of crisis.
This information is meant to be a general summary of Colorado Healing Fund. 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: $1,671
- Gross Receipts: $2,824,861
Assets and Liabilities:
- Total Assets: $4,322,857
- Total Liabilities: $41,882
- Net Assets: $4,280,975
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Organization Details
Founding Year
2018
Principal Officer
Cynthia Coffman
Main Address
1330 FOX STREET, DENVER, CO, 80204
Website
www.coloradohealingfund.orgNTEE Category
Code: M19 - Public safety
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