Colorado 500 Charity Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 840986727 ✦ Basalt, CO ✦ Designated as a 501(c)(3)

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Overview

What is Colorado 500 Charity Fund?

The Colorado 500 Charity Fund is a small, nonprofit organization situated in Basalt, Colorado. With just two employees, their mission is to provide financial aid in the form of scholarships and grants to deserving individuals and organizations predominantly in the western region of Colorado. This philanthropic entity focuses on supporting youth-oriented agencies that often go unnoticed by larger fundraising organizations in the region.

Is Colorado 500 Charity Fund legitimate?

Colorado 500 Charity Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado 500 Charity 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: $115,121
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Colorado 500 Charity Fund?

The Colorado 500 Charity Fund's mission is to extend aid in the form of scholarships and grants to deserving individuals and organizations predominantly in the western regions. Their primary objective is to provide financial assistance to youth-oriented agencies that often go unnoticed by fundraising organizations in the western part of Colorado. The fund aims to alleviate their financial burdens and support their ongoing operations.

Who is the CEO of Colorado 500 Charity Fund?

Janet Lohman is the Executive Director of Colorado 500 Charity Fund.

What is the revenue of Colorado 500 Charity Fund?

Colorado 500 Charity Fund's revenue in 2022 was $322,377.

Who are the executives of Colorado 500 Charity Fund and what are their salaries?

The average compensation at Colorado 500 Charity Fund during 2022 was $57,560. There are 2 employees and 20 volunteers at Colorado 500 Charity Fund.


Here are 9 key members and their salaries:


Janet Lohman (Executive Director)
  • Compensation: $91,121
  • Related: $0
  • Other: $0
Glen Jammaron (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Dallenbach (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Thompson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chip Griffith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Cheatwood (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hutch Collier (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Warrix (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Durmas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Colorado 500 Charity Fund?

Colorado 500 Charity Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Colorado 500 Charity Fund

The Colorado 500 Charity Fund is an organization that is dedicated to extending assistance in the form of scholarships and grants to deserving individuals and organizations situated in western Colorado. Its mission is to provide financial aid to youth-oriented agencies that often get overlooked by fundraising organizations operating on the western slope of Colorado. This nonprofit aims to offer cash benefits to these overlooked agencies, thereby ensuring they have the necessary resources to carry out their work effectively. The Colorado 500 Charity Fund's mission is a testament to its commitment to supporting the growth and development of these overlooked organizations, thereby contributing to the betterment of the western Colorado community.

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Impact




October, 2024

The Colorado 500 Charity Fund significantly impacts Western Colorado by delivering crucial financial assistance through scholarships and grants, primarily focused on supporting youth-oriented agencies that often go overlooked by larger fundraising efforts in the region. By targeting these often-forgotten organizations, it ensures that deserving individuals and groups receive the resources they need to thrive. This commitment to philanthropy not only uplifts the community but also fosters future leaders and empowers initiatives that might otherwise struggle for funding. Through its efforts in Basalt and beyond, the Colorado 500 Charity Fund plays a vital role in creating opportunities and strengthening the fabric of the local community.




This information is meant to be a general summary of Colorado 500 Charity 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.

Revenue
$322,377 (2022)
Expenses
$335,300 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $425
  • Gross Receipts: $603,787

Assets and Liabilities:

  • Total Assets: $762,889
  • Total Liabilities: $3,028
  • Net Assets: $759,861

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Organization Details

Founding Year

1984

Principal Officer

Janet Lohman

Main Address

310 MARKET STREET, BASALT, CO, 81621

NTEE Category

Code: T00 - Philanthropy

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