Colorado Opportunity Foundation
Nonprofit profile at a glance
- EIN
- 844409670
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Englewood, CO, USA
- Phone
- 3035181663
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Research Institutes and Public Policy Analysis
Reported finances
- Revenue
- $950,000
- Expenses
- $1,253,352
- Assets
- $2,146
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- MICHAEL FIELDS (PRINCIPAL DIRECTOR)
- SEAN TONNER (BOARD MEMBER)
- LUKE RAGLAND (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Colorado opportunity foundation is organized exclusively for public educational purposes, performing research, modeling, analysis, and public education on government policies that expand and grow state and national economic conditions. The Colorado opportunity foundation serves as a resource providing practical research and information regarding theoretical and empirical evidence concerning the costs and effectiveness of state and local tax, spending, and regulatory policies. Public education is provided through sources that are available to the general public without restrictions or fees.
What it reported doing in 2024
Colorado opportunity foundation made grants to other charitable organizations to support specific public education activities that are consistent with and advance Colorado opportunity foundation's mission and purpose. Colorado opportunity foundation's grants to other charitable organizations were limited to defined activities that support the same charitable purpose as Colorado opportunity foundation. Colorado opportunity foundation has policies and compliance controls in place to ensure recipient organizations: expend grant funding in a manner that is consistent with Colorado opportunity foundation purposes and priorities; do not have a family or business relationship with Colorado opportunity foundation or its directors; and keep proper financial records related to the amounts and purpose of grant distributions. Colorado opportunity foundation monitors the progress of activities achieved through grants.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 84% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 94
- Accountability: 70
- Sustainability: 23
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.7%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -31.9%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 3% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: -8.6% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -26.1% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.7% of spending went to programs
- Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $1.2M in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Highest-paid contractors: 1 contractor listed · $200K reported
- Consistency: 14 of 14 current checks pass
- Schedules: 4 filed schedules · includes major donors and grants
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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 — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 5/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.