Cheer Colorado
Nonprofit profile at a glance
- EIN
- 821549081
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Denver, CO, USA
- Phone
- 9706737630
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $76,123
- Expenses
- $58,662
- Assets
- $45,608
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Laura Bauman (Board President)
- Robert Hunton (Executive Director)
People named in this filing
- Laura Bauman (Board President)
- Brenda Roush (Board Treasurer)
- Lucy Pape (Board Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
CHEER Colorado is a 501(c)(3) nonprofit whose mission is to show up for, positively impact, and further strengthen the Colorado LGBTQIA+ community. Their awe-inspiring cheer performances, creative philanthropy, and dedicated volunteers have not only earned them the trust and partnership of the local LGBTQIA+ community but also allowed them to support it in return through $177,500 in donations since their 2017 founding.
What it reported doing in 2024
CHEER Colorado (CCO) volunteers contributed 1,921 volunteer hours at 66 unique community events in support of the CCO mission to show up for, positively impact, and further strengthen the CO LGBTQIA+ community.
Operating model
- Revenue model
- Donor-supported. 79% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 49% for direct work, and 51% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 82
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.1%; rating input score 77
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 22.9%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 0.78; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 37.9% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 3.2% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 29.2% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 77.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $59K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.