Overview
What is Colorado Grand Inc?
Colorado Grand Inc, a nonprofit organization situated in Lafayette, Colorado, is renowned for organizing an annual car rally as a means of fundraising. Their primary mission involves channeling these collected funds to various charities in Colorado, meticulously selected for their merit. Moreover, they extend their generosity beyond charity organizations by making donations to the towns they visit for lunch during the rally. Colorado Grand Inc also offers college scholarships to deserving high school graduates from these communities. Additionally, they contribute to the Colorado State Patrol Widows & Orphans Fund and support local projects and services in smaller towns. The organization's activities aim to positively impact the lives of people and communities across Colorado.
Official website here: www.coloradogrand.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Colorado Grand Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 77% based entirely on its Accountability & Finance metrics. This rating signifies that the organization demonstrates a commitment to financial transparency and responsible governance, critical factors for potential donors when evaluating charities.
The organization excels in several key areas, including having a fully independent board and a favorable liabilities-to-assets ratio of 0.00%. Additionally, it boasts an impressive program expense ratio of 98.39%, indicating that nearly all funds are directed towards its programs rather than administrative costs. These strengths highlight Colorado Grand Inc's effective management and prioritization of programmatic impact.
While the rating is strong, potential donors should remain mindful that the overall score relies solely on financial accountability, which may not encompass all aspects of the nonprofit's effectiveness or impact. Therefore, while the organization exhibits good governance, further insights into its programmatic outcomes would provide a more comprehensive understanding of its overall performance and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Grand Inc legitimate?
Colorado Grand Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Grand Inc 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: $0
For more financial information, click here
Official website here: www.coloradogrand.com
What is the mission statement of Colorado Grand Inc?
Colorado Grand Inc's mission is centered around raising funds for charity through an annual car rally. They meticulously select charitable organizations in Colorado to receive these funds. In addition, they make donations to the towns they visit for lunch during the rally. Furthermore, Colorado Grand awards college scholarships to graduating high school seniors in these communities. Beyond this, the organization supports local projects and services in various towns through their financial contributions. They also contribute to the Colorado State Patrol Widows & Orphans Fund.
Official website here: www.coloradogrand.com
What is the revenue of Colorado Grand Inc?
Colorado Grand Inc's revenue in 2023 was $1,338,886.
Official website here: www.coloradogrand.com
Who are the executives of Colorado Grand Inc and what are their salaries?
There 7 volunteers at Colorado Grand Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.coloradogrand.com
Where can I find the form 990 for Colorado Grand Inc?
Colorado Grand Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.coloradogrand.com
Learn more at the official website: www.coloradogrand.com
Mission Statement of Colorado Grand Inc
Colorado Grand Inc, an annual car rally organizer, is dedicated to raising funds for charitable causes. The organization meticulously selects Colorado-based charities to receive these funds, aiming to make a significant impact in the community. Beyond charity donations, Colorado Grand Inc also extends its generosity to the towns they visit for lunch. In these communities, they present college scholarships to deserving high school seniors, fostering educational opportunities. Furthermore, Colorado Grand Inc supports local projects and services in various small towns and contributes to the Colorado State Patrol Widows & Orphans Fund, demonstrating their commitment to uplifting various aspects of Colorado society.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Colorado Grand Inc's impact is significant in supporting Colorado charities and communities through their annual car rally fundraising event. By carefully selecting deserving charities to receive funds, providing donations to towns where they stop for lunch, and awarding college scholarships to high school seniors in these communities, Colorado Grand Inc positively contributes to the well-being and development of various small towns in Colorado. Additionally, their support for the Colorado State Patrol Widows & Orphans Fund reflects a commitment to honoring and assisting those in need within the state. This philanthropic organization based in Lafayette, CO, plays a crucial role in promoting charity and community service through their impactful initiatives.
This information is meant to be a general summary of Colorado Grand Inc. 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 2023.
- Investment Income: $22,334
- Gross Receipts: $2,110,394
Assets and Liabilities:
- Total Assets: $302,823
- Total Liabilities: $62,500
- Net Assets: $240,323
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1990
Principal Officer
Terry Hefty
Website
www.coloradogrand.comNTEE Category
Code: T00 - Philanthropy
If you are a representative of Colorado Grand Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.