Overview
What is Colorado Opportunity Foundation?
The Colorado Opportunity Foundation is a nonprofit organization situated in Denver, Colorado. Its primary focus is on public education, conducting research, analysis, and modeling related to government policies that aim to expand and strengthen both state and national economic conditions. The foundation serves as a valuable resource, providing practical research and information based on theoretical and empirical evidence concerning the costs and effectiveness of various tax, spending, and regulatory policies. In addition, the foundation provides public education without restrictions or fees, funding other charitable organizations to support specific public education activities that align with its mission and purpose. It ensures that these recipient organizations utilize grant funds consistently with the foundation's purposes and priorities, maintain financial records, and do not have any familial or business relationships with the foundation or its directors.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 71%, Two-Star out of Four Star rating.
The Colorado Opportunity Foundation has received a two-star rating, indicating a moderate level of accountability and financial health. The overall score is heavily weighted towards accountability and finance, where the score stands at 71%. Significant strengths include a wholly independent board and an impressive program expense ratio of 94.72%, suggesting a strong commitment to mission-driven activities.
However, the organization faces notable limitations, particularly in its transparency and governance practices. Critical documents such as financial statements and various policy statements are missing, which affects its score in those areas. Additionally, the board's size is limited to three independent members, which may impact its governance effectiveness.
Overall, while the Colorado Opportunity Foundation shows strong program efficiency and responsible asset management, its lack of transparency and governance shortcomings hinder its overall performance rating. This reflects the importance of not only financial health but also robust accountability measures in nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Opportunity Foundation legitimate?
Colorado Opportunity Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Opportunity Foundation 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
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What is the mission statement of Colorado Opportunity Foundation?
The Colorado Opportunity Foundation is dedicated to serving public educational purposes, focusing on conducting research, modeling, analysis, and public education related to government policies that aim to expand and enhance both state and national economic conditions. This organization acts as a resource, providing practical research and information on the theoretical and empirical evidence concerning the costs and effectiveness of state and local tax, spending, and regulatory policies. Public education is offered freely and without restrictions, ensuring that the general public has access to this valuable information.
Who is the CEO of Colorado Opportunity Foundation?
Michael Fields is the Principal Director of Colorado Opportunity Foundation.
What is the revenue of Colorado Opportunity Foundation?
Colorado Opportunity Foundation's revenue in 2022 was $2,425,000.
Who are the executives of Colorado Opportunity Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Colorado Opportunity Foundation?
Colorado Opportunity Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Colorado Opportunity Foundation
The Colorado Opportunity Foundation, established for public educational purposes, dedicates its efforts to conducting research, modeling, analysis, and public education on government policies that aim to expand and enhance both state and national economic conditions. Acting as a resource, the organization provides practical research and information on the theoretical and empirical evidence concerning the costs and effectiveness of state and local tax, spending, and regulatory policies. This valuable data is made accessible to the general public without any restrictions or fees, promoting informed discourse and decision-making regarding economic policies.
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Impact
July, 2024
The Colorado Opportunity Foundation's impact lies in providing practical research and information on government policies that aim to expand and improve state and national economic conditions. Through its public educational initiatives, the foundation serves as a valuable resource by offering theoretical and empirical evidence related to the costs and effectiveness of state and local tax, spending, and regulatory policies. By making grants to charitable organizations that align with its mission, the foundation supports specific public education activities that advance its purpose. Overall, the Colorado Opportunity Foundation contributes to the advancement of civil rights and economic growth through its research, analysis, and public education efforts.
This information is meant to be a general summary of Colorado Opportunity Foundation. 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.
- Gross Receipts: $2,425,000
Assets and Liabilities:
- Total Assets: $937,506
- Total Liabilities: $0
- Net Assets: $937,506
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Organization Details
Founding Year
2020
Phone
(303) 218-7150Principal Officer
Michael Fields
Main Address
6501 E BELLEVIEW AVE 375, DENVER, CO, 80111
NTEE Category
Code: R05 - Civil rights
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