Greater Canon City Chamber of Commerce Foundation Inc

Nonprofit profile at a glance

EIN
203161502
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2021, Form 990-N 2017
Location
Canon City, CO, USA
Phone
7192752331
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$1,265,510
Expenses
$67,101
Assets
$1,848,432
Liabilities
$579,284

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

Leadership & pay

5 people listed

Executive titles in this filing

  • RICHARD MILLARD (PRESIDENT &)

People named in this filing

  • JACOB FRANCIS (DIRECTOR)
  • KATHLEEN KENNEDY (DIRECTOR)
  • MIKE MAFFUCCI (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The royal gorge chamber alliance foundation exists to empower community vitality through education, leadership, and inclusive economic advancement. We champion programs that cultivate a skilled workforce, foster entrepreneurial growth, enhance civic engagement, and preserve the cultural and historical assets of our region. Through strategic partnerships and charitable initiatives, we invest in the long-term prosperity and resilience of the royal gorge region. Our efforts are grounded in equity, accessibility, and a steadfast commitment to serving all members of our diverse community.

What it reported doing in 2024

As a 501(c)(3) nonprofit, the foundation can receive tax-deductible donations, apply for grants, and build partnerships across sectors to advance: workforce development & scholarships nonprofit collaboration through the royal gorge non-profit alliance local food access and small business exposure via the royal gorge farmers market historic preservation and civic revitalizationmost notably through our 2024 acquisition of the gateway depot & plaza our work ensures that economic opportunity, education, culture, and connection remain accessible to every member of our region.

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 92
  • Accountability: 64
  • Sustainability: 88
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 5.4%; rating input score 5
  • Program expense ratio: 100%; 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: Limited
  • 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: 1 of 7 controls in place; rating input score 14
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 94.7%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 27.55; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.31; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 43.6% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 61.1% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 62.2% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 5.4% of revenue deployed · 100% of spending went to programs
  • Governance: 5 of 5 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $67K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 4 filing years from 2019 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 — Financial Efficiency: Mission deployment rate scored 5/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.