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Community Development : Community Foundations

Aspen Community Foundation

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

93.68

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 93.68
  Financial 92.01
  Accountability & Transparency 96.00
This rating was published 04/01/2021 and includes data from FY2019, 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.

Financial

92.01

Accountability & Transparency

96.00

This rating was published 04/01/2021 and includes data from FY2019, 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 1.7%
  Fundraising Expenses 1.5%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 3.10
  Program Expenses Growth 9.5%
  Liabilities to Assets 13.4%
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.

Constituent Feedback

Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people/communities they serve, may be more effective. We've partnered with GuideStar by Candid to survey organizations about their feedback practices. Nonprofit organizations are encouraged to fill out the How We Listen section of their Candid profile.

Here's how this organization is listening and learning from the people they serve:
How is the organization collecting feedback?
Electronic surveys (by email, tablet, etc), Focus groups or interviews (by phone or in person), Community meetings or town halls
How is the organization using feedback?
To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve
With whom is the organization sharing feedback?
The people we serve, Our staff, Our board, Our funders, Our community partners
What challenges does the organization face when collecting feedback?
Note: This organization did not select any of the multiple choice responses to this question
Describe a recent change in your organization that resulted from feedback.
Note: This organization did not answer this question
This Constituent Feedback information is provided to us by Candid. At this time, Constituent Feedback information published on this organization's page has no effect on its star rating per our methodology.

Highly Rated

Charity Name & State Overall Score Overall Rating
Aspen Community Foundation (CO) 93.68
Community Foundation for a Greater Richmond (VA) 90.28
Orange County Community Foundation (CA) 93.11
Community Foundation of Greater Flint (MI) 91.96
Community First Foundation (CO) 92.24

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $10,512,409
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $67,000
   Related Organizations $0
   Government Grants $0
Total Contributions $10,579,409
   Program Service Revenue $0
Total Primary Revenue $10,579,409
   Other Revenue $514,323
TOTAL REVENUE $11,093,732
   
EXPENSES  
   Program Expenses $11,676,387
   Administrative Expenses $237,200
   Fundraising Expenses $223,656
TOTAL FUNCTIONAL EXPENSES $12,137,243
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-1,043,511
   
Net Assets $35,892,150

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 $10,462,291 89.6%
Cradle to Career initiative $1,214,096 10.4%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 04/01/2021 93.68
2018-12 04/01/2020 87.78

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
$168,280 1.38% Tamara Tormohlen Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Aspen Community Foundation (CO) 93.68
Orange County Community Foundation (CA) 93.11
Community Foundation of Greater Memphis (TN) 95.76
Community Foundation of Eastern Connecticut (CT) 96.06
North Georgia Community Foundation (GA) 100.00

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Constituent Feedback

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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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