Wheat Ridge Foundation

What it reported doing in 2024

The wheat ridge community foundation supports education enrichment by maintaining several scholarship funds. The foundation also supports various academic and athletic activities at wheat ridge high school. Scholarship funds maintained by the foundation include the following: bailey scholarship fund - the bailey scholarship fund was established in december of 2012. The bailey scholarship recognizes a graduate of lakewood high school who has made an outstanding contribution to his/her school or community and is pursuing studies toward a medical or public health career. Curtis gilmore life long learning fund - the curtis gilmore life long learning fund was established in 2013 to honor the legacy of curtis gilmore. Primary consideration will be given to wheat ridge high school students. This fund may also be used to support learning initiatives such as tutoring programs or fundraising support for client fund educational programs. Carl cerveny scholarship - the wheat ridge optimists established an annual 2,000 college scholarship in honor of carl cerveny. Carl was a founding member of the wheat ridge optimists in 1957 and was a very active member of the wheat ridge community. The foundation has partnered with the wheat ridge high school stem/steam program, the career explore program, and other boosters. The foundation also facilitates booster support for wheat ridge high school big wheels on the farm and participating extra-curricular clubs. Friends of stevens elementary - friends of stevens is a group of community members, families, staff and students that connects individuals and groups with opportunities to provide students at stevens elementary school with materials and tools to learn in hands-on ways and to support and lift up our teachers and staff. Toutant intellectual competition fund - the toutant intellectual competition fund supports grant proposals. Our decision-making process is informed by volunteers with experience in content creation and competition. We strive to increase the diversity of participants and events, and to make a positive impact at the local, regional, national and international level. Kyle brake sports scholarship fund & endowment - the kyle brake memorial sports scholarship fund and endowment was established as a memorial to kyle brake, a young boy who loved to play sports. The endowment will provide a permanent source of funds for children's sports scholarships to help ease the financial burden associated with participating in organized team/individual sports. Scholarships can be requested to cover registration fees, uniforms, and equipment costs. Participation in organized team sports provides physical, social, academic, and emotional benefits to children. In 2015, 16,000 in restricted funds were given to the kyle brake memorial scholarship fund inc. A 501(c)(3) established to oversee the awarding of scholarships. The wheat ridge foundation still administers the endowment for these scholarships.

Financial Efficiency

• Mission deployment rate: 70.6%; rating input score 71
• Program expense ratio: 94.3%; rating input score 94

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100

Sustainability

• Operating margin: 27.4%; rating input score 81; 81st percentile among comparable filings
• Total-asset coverage ratio: 4.24; rating input score 94; 94th percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

• Program expense growth: 12.2% per year; rating input score 100; 65th percentile among comparable filings
• Revenue growth: -2.6% per year; rating input score 0; 13th percentile among comparable filings
• Asset growth: 6.4% per year; rating input score 100; 50th percentile among comparable filings