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Community Development : Community Foundations

Aspen Community Foundation

Making a critical difference for thousands of individuals and families in our region.

three stars

87.78

455 Gold Rivers Court Suite 515
Basalt, CO 81621
tel: (970) 925-9300   Web Site
EIN: 84-0829226

Board Leadership
Allen Grossman
Chair

CEO
Tamara Tormohlen
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 87.78 three stars
  Financial 83.20 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 04/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Aspen Community Foundation (ACF), founded in 1980, directs a collection of funds that have been created by individuals, families, nonprofits, businesses, and ACF itself for charitable purposes, awarding millions of dollars in grants to nonprofits from these funds. Donations to our community grantmaking funds allow ACF to continue to provide strong support to local nonprofit organizations that are making a critical difference for thousands of individuals and families in our region.

Aspen Community Foundation (ACF), founded in 1980, directs a collection of funds that have been created by individuals, families, nonprofits, businesses, and ACF itself for charitable purposes, awarding millions of dollars in grants to nonprofits from these funds. Donations to our community grantmaking funds allow ACF to continue to provide strong support to local nonprofit organizations that are making a critical difference for thousands of individuals and families in our region.

Impact Information

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This impact information is current as of March 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

83.20

Accountability & Transparency

four stars

96.00

This rating was published 04/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
96.6%
  Administrative Expenses 1.8%
  Fundraising Expenses 1.5%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 2.96
  Program Expenses Growth 0.7%
  Liabilities to Assets 14.4%
All data for Financial Performance Metrics calculations was provided by Aspen Community Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Aspen Community Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Aspen Community Foundation (CO) 87.78 three stars
El Paso Community Foundation (TX) 88.76 three stars
The Dayton Foundation (OH) 87.41 three stars
Community Foundation of Southeastern Massachusetts (MA) 90.15 four stars
Lehigh Valley Community Foundation (PA) 97.17 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $7,154,914
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $90,125
   Related Organizations $0
   Government Grants $0
Total Contributions $7,245,039
   Program Service Revenue $0
Total Primary Revenue $7,245,039
   Other Revenue $142,582
TOTAL REVENUE $7,671,491
   
EXPENSES  
   Program Expenses $10,333,238
   Administrative Expenses $186,515
   Fundraising Expenses $164,107
TOTAL FUNCTIONAL EXPENSES $10,683,860
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-3,012,369
   
Net Assets $31,476,076

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Grantmaking $8,449,441 81.8%
Cradle to Career initiative $1,883,797 18.2%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 04/01/2020 87.78 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 84-0829226
Name in IRS Master File ASPEN COMMUNITY FOUNDATION
NTEE Code T31
NTEE Classification Community Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date September, 1982
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2018
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
Compensation % of Expenses Paid to Title
$164,196 1.53% Tamara Tormohlen Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Aspen Community Foundation (CO) 87.78 three stars
Communities Foundation of Texas (TX) 89.16 three stars
The Columbus Foundation (OH) 95.05 four stars
Community Foundation of the Chattahoochee Valley (GA) 95.54 four stars
Capital Region Community Foundation (MI) 90.81 four stars

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Charity Contact Info

Aspen Community Foundation
455 Gold Rivers Court
Suite 515
Basalt, CO 81621
tel: (970) 925-9300
EIN: 84-0829226

Visit Web Site

Board Leadership

Allen Grossman
Chair

CEO

Tamara Tormohlen
Executive Director

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