NoCo Foundation (formerly Community Foundation of Northern Colorado)
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
NoCo Foundation (formerly Community Foundation of Northern Colorado) meets the 20 Standards for Charity Accountability.
“This organization acts as a support entity for the University of Northern Colorado. The University is responsible for all the fundraising activities and fundraising expenses. The Foundation only accepts the donations and manages the funds. As result, the organization has been provisionally passed on Standards 9 and 13.”
Stated Purpose:
Create transformational community impact by inspiring philanthropy and engaging the region.
Year, State Incorporated:
1975, CO
Also Known As:
Community Foundation of Northern Colorado
The Community Foundation of Northern Colorado fosters collaboration, serves as a catalyst for community projects, and is a trusted steward and service provider to philanthropists and nonprofit organizations. We manage and administer over 500 charitable funds and over $185 million in assets (as of June 30, 2021). Donations to our funds are tax deductible and grants from the funds are distributed to public charities, schools, and churches based on the charitable intent of our donors. Our staff and board are 100% local, and we have served Northern Colorado since 1975.
For the year ended June 30, 2023, NoCo Foundation (formerly Community Foundation of Northern Colorado)'s program expenses were:
| Programs | $8,662,454 |
| Total Program Expenses | $8,662,454 |
Chief Executive
Kristin Todd, President/Executive Director
Compensation*
$293,157
Chair of the Board
Cecil Gutierrez, Community Volunteer
Chair's Profession / Business Affiliation
Board Size
15
Paid Staff Size
15
* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Internet, Planned giving arrangements
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 NoCo Foundation (formerly Community Foundation of Northern Colorado)'s audited financial statements - consolidated for the year ended June 30, 2023.
Source of Funds
| Contributions | $13,464,440 |
| Net Realized and Unrealized Losses on Investments | $12,679,770 |
| Interest and Dividend Income | $3,579,913 |
| Nonfinancial Contributions | $750,000 |
| Management Fees | $325,668 |
| Other Revenue | $15,031 |
| Change in Value of Split Interest Agreements | $-1,388,203 |
| Agency Contributions | $-2,343,183 |
| Net Investment Loss of Agency Funds | $-3,715,712 |
| Total Income | $23,367,724 |
Programs: 85% Fundraising: 6% Administrative: 9%
| Total Income | $23,367,724 |
| Total expenses: | $10,156,190 |
| Program expenses | $8,662,454 |
| Fundraising expenses | $626,644 |
| Administrative expenses | $867,092 |
| Other expenses | $0 |
| Income in Excess of Expenses | $13,211,534 |
| Beginning Net Assets | $123,983,954 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $137,195,488 |
| Total Liabilities | $50,894,768 |
| Total Assets | $188,090,256 |
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.
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Serving Northern Colorado and Wyoming