AgeWise Colorado
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
AgeWise Colorado does not meet the following 1 Standards for Charity Accountability:
Standard 11 (Financial Statements)
Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $1 million, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $1 million, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.
AgeWise Colorado does not meet this Standard because:
- Although the organization reported total revenue in the amount of $497,221 for 2024, AgeWise Colorado states it does not have financial statements that were reviewed by a certified public accountant (CPA).
In response to this finding, AgeWise Colorado indicated that, while they do not have a CPA review for 2024, one was completed in 2023.
AgeWise Colorado meets the remaining 19 Standards for Charity Accountability.
Stated Purpose:
"to alleviate the challenges older Coloradans and their families face by providing reliable information and trusted resources to help seniors thrive as they age in place."
Year, State Incorporated:
2017, CO
AgeWise Colorado reports that it is a free hub for all things related to aging well and wisely in Colorado. The organization connects for-profit, not-for-profit, and government agencies, which are focused on aging-related products and services, that will inform and educate aging Coloradans and their caregivers. AgeWise Colorado provides online resource tools for older adults and their caregivers, hosts events, and access to specialty products and services.
For the year ended December 31, 2024, AgeWise Colorado's program expenses were:
| Education resources | $27,468 |
| Provider directory | $27,468 |
| Total Program Expenses | $54,936 |
Chief Executive
Barbara Boyer, Executive Director
Compensation*
$16,050
Chair of the Board
Bob Brocker
Chair's Profession / Business Affiliation
Founder and President, AgeWise Colorado
Board Size
12
Paid Staff Size
2
*2024 compensation, as reported by the organization, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Grant proposals, Internet, Radio, Special events
Fundraising costs were less than 1% of related contributions. (Related contributions, which totaled $492,992, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on AgeWise Colorado's audited financial statements for the year ended December 31, 2024.
Source of Funds
| Other income | $199 |
| Investment income | $502 |
| Miscellaneous fundraising revenue | $1,065 |
| Provider vetting fees | $3,528 |
| Contributions | $42,788 |
| Government grants | $50,750 |
| In-kind contributions | $398,389 |
| Total Income | $497,221 |
Programs: 84% Fundraising: 2% Administrative: 14%
| Total Income | $497,221 |
| Total expenses: | $65,769 |
| Program expenses | $54,936 |
| Fundraising expenses | $1,339 |
| Administrative expenses | $9,494 |
| Other expenses | $0 |
| Income in Excess of Expenses | $431,452 |
| Beginning Net Assets | $14,945 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $48,008 |
| Total Liabilities | $0 |
| Total Assets | $48,008 |
Note: According to the organization's 2024 IRS Form 990, AgeWise Colorado received in-kind contributions totaling $398,389 in professional services.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB Wise Giving Alliance