Colorado Glbt Bar Association Foundation Inc

Nonprofit profile at a glance

EIN
470970899
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024, Form 990-N 2014
Location
Denver, CO, USA
Phone
3032173575
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$10,000
Expenses
$10,000
Assets
$41,957
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

People named in this filing

  • MARK CLOUATRE (CHAIR)
  • KRISTINE ROPER (TREASURER)
  • DAVID BELLER (BOARD MEMBER)

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

The mission and vision of the Colorado glbt bar association foundation is to promote the charitable and educational work of the Colorado lgbt bar association, to advance lgbtq individuals in the law, and to protect and empower Colorado's lgbtq community as a whole. The Colorado glbt bar association foundation fosters inclusiveness in the legal profession by providing financial assistance to (1) charitable and educational organizations demonstrating ability in and commitment to affecting change in the lgbtq communities through their involvement in the legal profession; and (2) deserving Colorado lgbtq identified law students who have shown strong academic promise and community engagement. Through these awards, we forge links between professional and emerging organizational leaders. In doing so, the Colorado glbt bar association foundation helps to facilitate the growth and advancement of not only these individuals and organizations - but of our communities as well.

What it reported doing in 2024

Raised funds to provide scholarships for lgbtq law school students. Awarded scholarships to 2 lgbtq law school students.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 60
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • 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: 0%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 4.2; rating input score 81; 81st 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: 17.9% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: -89.4% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -15.8% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $10K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • 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.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 45/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.