2024-11-15T16:21:22-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2023-01-01 203455353 PIKES PEAK REAL ESTATE FOUNDATION PIKE 7193891251 315 E PIKES PEAK AVENUE 120 COLORADO SPRINGS CO 80903 SAMUEL CLARK EXECUTIVE DIRECTOR 7193891251 2024-11-14 1 1 SARAH HINTZ P00492291 3037795710 2024-11-13 2023 2024-10-15 13:58:12Z SAMUEL CLARK 315 E PIKES PEAK AVENUE 120 COLORADO SPRINGS CO 80903 11515851 0 X WWW.PPCF.ORG X 2005 CO PRESERVING AND PROTECTING HISTORIC AND CHARITABLE REAL ESTATE PROPERTIES. 9 8 2 10 0 0 733816 9514958 114804 69095 -16762 567798 0 0 831858 10151851 42480 98378 0 0 226541 267966 0 0 0 297976 245125 566997 611469 264861 9540382 10944867 20833953 123022 507503 10821845 20326450 TO RECEIVE MANAGE, SELL, STEWARD, AND DEVELOP REAL ESTATE AND RELATED ASSETS FOR THE BENEFIT OF OUR COMMUNITY. 0 0 190590 98378 68195 PRESERVED SEVERAL HISTORICAL AND CHARITABLE PROPERTIES IN THE PIKES PEAK REGION. 208271 0 900 THE WORKFORCE HOUSING FUND - PRE DEVELOPMENT FUND TO HELP CHARITABLE ORGANIZATIONS DEVELOP AFFORDABLE HOUSING CONCEPTS. 398861 1 1 0 0 0 1 0 1 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 2 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 9 8 0 1 1 0 0 1 1 1 0 0 0 1 1 1 1 0 1 1 0 0 CO X X SAMUEL CLARK 7193891251 315 E PIKES PEAK AVENUE 120 COLORADO SPRINGS CO 80903 MARGARET DOLAN PRESIDENT 5.00 0.00 X X 0 193401 61659 MARK HILLE SECRETARY & TREASURER 1.00 0.00 X X 0 0 0 RANDY CASE DIRECTOR 1.00 5.00 X 0 0 0 LARRY GADDIS DIRECTOR 1.00 0.00 X 0 0 0 CHRIS JENKINS DIRECTOR 1.00 5.00 X 0 0 0 CRYSTAL LATIER DIRECTOR 1.00 5.00 X 0 0 0 DR PAM SHOCKLEY-ZALABAK DIRECTOR 1.00 5.00 X 0 0 0 ALEX SULLIVAN DIRECTOR 1.00 5.00 X 0 0 0 WENDEL TORRES DIRECTOR 1.00 5.00 X 0 0 0 SAMUEL CLARK EXECUTIVE DIRECTOR 40.00 0.00 X 151707 0 21347 LESLIE SABIN VP OF FINANCE AND OPR (THRU 2023) 5.00 40.00 X 0 53061 8803 151707 246462 91809 1 0 1 0 0 9500925 14033 9500925 9514958 MANAGEMENT FEES 561000 64615 64615 PROGRAM INCOME 531390 3580 3580 INCOME FROM LEASING 532000 900 900 69095 240919 240919 1690879 1364000 326879 326879 326879 10151851 69095 0 567798 X 98378 98378 173046 99350 73696 71853 41254 30599 1660 953 707 4152 2384 1768 17255 9907 7348 6211 4300 1911 6636 4594 2042 4766 4766 67583 2055 65528 3371 2191 1180 8680 5642 3038 42058 26975 15083 4538 2950 1588 3488 2267 1221 10693 10092 601 17455 17449 6 MISC EXPENSE 62616 62616 MEMBERSHIP - DUES & SUB 2675 2674 1 PROGRAM EXPENSES-GA 2250 1462 788 EQUIPMENT COST, REPAIR 2105 1368 737 611469 398861 212608 0 150627 1567657 352282 820690 233099 16069 35780 37481 1089 10371714 403616 7102450 9968098 2098928 1918580 850492 465134 104051 6056313 10944867 20833953 18022 507503 105000 0 123022 507503 X 9750985 18858421 1070860 1468029 10821845 20326450 10944867 20833953 9540382 -35777 0 X X 0 1 X 1 0 X 50 1987500 1031265 733816 9514958 13267589 50 1987500 1031265 733816 9514958 13267589 2095068 11172521 94455 112732 78997 78619 240919 605722 13873311 231433 0.80530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 X X X 0 9003289 9003289 1218727 403173 815554 5314 443 4871 144384 144384 9968098 WATER RIGHTS 6003554 DUE FROM PIKES PEAK COMMUNITY FOUNDATION 52759 6056313 X PART III, LINE 4: THE ORGANIZATION'S EXEMPT PURPOSE IS TO ENCOURAGE AND ASSIST DONORS AS THEY CONSIDER GIFTS OF REAL ESTATE FOR CHARITABLE PURPOSES AROUND THE PIKES PEAK REGION IN COLORADO AS WELL AS PRESERVING AND PROTECTING HISTORIC AND CHARITABLE REAL ESTATE PROPERTIES. THE ORGANIZATION'S COLLECTION IS MADE UP OF PIECES OF ART. THEY ARE PRESERVED AND PROTECTED AT THE GORDON JACKSON PROPERTY FOR PUBLIC EXHIBITION. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT CORPORATION WHICH IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION. THE FOUNDATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. 1 PIKES PEAK COMMUNITY FOUNDATION 315 E PIKES PEAK AVENUE 120 COLORADO SPRINGS CO 80903 841339670 501(C)(3) 98378 0 N/A N/A PROGRAM SUPPORT 1 0 PART I, LINE 2: ALL RECOMMENDATIONS MUST BE A 501(C)(3) CHARITABLE ORGANIZATION OR QUALIFIED TAX EXEMPT ORGANIZATION. THE 501(C)(3) TAX STATUS LETTER FROM THE IRS MUST BE ON FILE. ALL 501(C)(3) LETTERS ARE CONNECTED TO THE ORGANIZATION IN OUR DATABASE, FOUNDANT. IF IT IS A NEW ORGANIZATION TO THE FOUNDATION, THE NON-PROFIT IS CONTACTED AND REQUESTED TO FAX, EMAIL OR MAIL THE 501(C)(3) TO THE FOUNDATION OFFICE. REQUESTS CANNOT MOVE THROUGH THE PROCESS WITHOUT THE 501(C)(3) ON FILE. IF THE REQUEST IS FOR OTHER THAN GENERAL OPERATING SUPPORT, IF NEEDED, A PROGRAM OFFICER WILL MAKE CONTACT WITH THE NON-PROFIT ORGANIZATION TO ENSURE THE PROGRAM IS CHARITABLE AND THE GRANTEE IS ABLE TO PERFORM THE PROPOSED ACTIVITY. ALL GRANT AWARDS ARE MAILED WITH A GRANT AGREEMENT THAT STATES BY ACCEPTING THIS CHECK, YOU CERTIFY THAT YOUR ORGANIZATION IS CURRENTLY RECOGNIZED BY THE IRS AS A 501(C)(3) PUBLIC CHARITY OR A QUALIFIED TAX EXEMPT ORGANIZATION SUCH AS A SCHOOL OR A CHURCH, AND THAT THE GRANT IS FULLY TAX DEDUCTIBLE. FOR GRANTS OVER $7,500, GRANT AWARDS ARE MAILED WITH A GRANT AGREEMENT WHICH INCLUDES A MANDATORY ANNUAL REPORT ON HOW THE FUNDS WERE USED. X X X 1 0 0 0 0 0 0 0 0 MARGARET DOLAN PRESIDENT 0 177321 0 15000 0 1080 0 11364 0 50295 0 255060 0 0 SAMUEL CLARK EXECUTIVE DIRECTOR 148875 0 1125 0 1707 0 7642 0 13705 0 173054 0 0 0 PART I, LINE 3 THE BOARD FORMED A COMMITTEE TO REVIEW COMPETITIVE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ISSUED AN OFFER LETTER TO THE EMPLOYEE AS PART OF AN AT WILL EMPLOYMENT AGREEMENT. PART I, LINE 4A LESLIE SABIN RECEIVED $11,250 IN SEVERANCE PAY. X 1 9500925 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): COLUMN B REFELCTS THE NUMBER OF DONORS FORM 990, PART VI, SECTION A, LINE 3 UPON DECONSOLIDATION, PPREF CONTRACTED PPCF TO PROVIDE ADMINISTRATIVE FUNCTIONS INCLUDING FINANCE, ACCOUNTING AND MANAGEMENT SERVICES. FORM 990, PART VI, SECTION A, LINE 4 AS OF 12/31/23 PPCF NO LONGER HAS CONTROL OF PPREF OR AN ECONOMIC INTEREST IN PPREF. PPREF NOW APPOINTS ITS OWN BOARD AND PPCF'S BOARD NO LONGER APPOINTS A MAJORITY OF PPREF'S BOARD MEMBERS. THE ORGANIZATION FILED FORM 8940 TO BE RECLASSIFED AS A PUBLIC CHARITY UNDER 509(A)(1) AND 170(B)(A)(1)(A)(VI) AND IS NO LONGER CLASSIFED AS A SUPPORTING ORGANZIZATION UNDER 509(A)(3). THE BYLAW CHANGES REFLECT THE IMPACT OF THE RECLASSFICIATION. FORM 990, PART VI, SECTION A, LINE 7A AS A TYPE 1 SUPPORTING ORGANIZATION, UP TO TEN OF THE THIRTEEN DIRECTORS SHALL BE APPOINTED BY THE BOARD OF DIRECTORS OF THE PIKES PEAK COMMUNITY FOUNDATION AND SHALL EACH SERVE FOR A TERM OF THREE YEARS. IF A DIRECTOR APPOINTED BY THE PIKES PEAK COMMUNITY FOUNDATION RESIGNS OR IS OTHERWISE REMOVED, THE BOARD OF DIRECTORS FOR THE PIKES PEAK COMMUNITY FOUNDATION SHALL APPOINT A REPLACEMENT DIRECTOR. DUE TO THE RECLASSIFICATION FROM A SUPPORTING ORGANIZATION UNDER 509(A)(3) TO A PUBLIC CHARITY CLASSIFIED UNDER 509(A)(1) AND 170(B)(A)(1)(A)(VI), PPCF NO LONGER HAS CONTROL TO APPOINT THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B DIRECTORS OF THE CORPORATION APPOINTED BY THE BOARD OF DIRECTORS FOR THE PIKES PEAK COMMUNITY FOUNDATION MAY ONLY BE REMOVED BY THE BOARD OF DIRECTORS FOR THE PIKES PEAK COMMUNITY FOUNDATION. ANY CHANGES TO THE BYLAWS THAT CHANGES THE AUTHORITY AND POWER OF THE BOARD OF DIRECTORS MUST ALSO BE APPROVED BY THE PIKES PEAK COMMUNITY FOUNDATION. AS OF 12/31/23, PPREF IS NO LONGER A SUPPORTING ORGANIZATION OF PPCF AND PPCF NO LONGER HAS THIS AUTHORITY. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE STAFF WORKS WITH OUR INDEPENDENT ACCOUNTING FIRM TO REVIEW THE ACCURACY AND COMPLETENESS OF THE 990. THE PPREF BOARD OF TRUSTEES REVIEWS THE 990 BEFORE SUBMISSION. ONCE ALL INFORMATION IS DEEMED ACCURATE AND COMPLETE, WE THEN SUBMIT THE 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION IS COMMITTED TO INTEGRITY AND FAIRNESS IN THE CONDUCT OF ALL ITS ACTIVITIES. INEVITABLY, THE INTERESTS OF DIRECTORS AND EMPLOYEES WILL INVOLVE THEM IN ORGANIZATIONS, CAUSES, AND OTHER ENDEAVORS THAT INTERSECT WITH THE AFFAIRS OF THE FOUNDATION. IT WOULD DISADVANTAGE THE FOUNDATION TO DEPRIVE IT OF THE INVOLVEMENT OF INTERESTED COLLEAGUES, BUT THEIR PARTICIPATION IN FOUNDATION DECISION-MAKING CANNOT IMPAIR THE FAIRNESS AND INTEGRITY OF FOUNDATION PROCESSES. DIRECTORS AND EMPLOYEES OF THE FOUNDATION ARE COMMITTED TO COMMUNICATING FULLY WITH THE FOUNDATION REGARDING ANY RELATIONSHIP OR COMMITMENT THAT COULD AFFECT THE IMPARTIAL FULFILLMENT OF THEIR ROLE IN THE AFFAIRS OF THE FOUNDATION. DISCLOSURES ORDINARILY SHOULD BE MADE TO THE CEO OR PRESIDENT BY MEMBERS OF THE STAFF AND TO THE CHAIR OF THE BOARD BY OTHER MEMBERS OF THE BOARD OF DIRECTORS. FORMAL NOTATION OF DISCLOSURES SHOULD BE A PART OF THE PROCESS. MEMBERS WHO HAVE CONFLICTS OF INTEREST SHALL RECUSE THEMSELVES FROM ANY DISCUSSIONS OR DELIBERATIONS REGARDING THE INTERESTED TRANSACTION. DOCUMENTATION OF ANY DELIBERATIONS AND DECISIONS CAN BE FOUND IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE PERFORMANCE EVALUATION OF THE EXECUTIVE DIRECTOR IS A TWO-PART PROCESS - A FORMATIVE ASSESSMENT THAT OCCURS ALL YEAR AND A SUMMATIVE ASSESSMENT THAT OCCURS AT YEAR END. THE FORMATIVE ASSESSMENT OCCURS AT NO LESS THAN MONTHLY MEETINGS BETWEEN THE EXECUTIVE DIRECTOR AND THE BOARD PRESIDENT. THESE MEETINGS ARE A CHANCE TO TALK OVER CURRENT PROJECTS, RECENT ACHIEVEMENTS, AND UPCOMING EVENTS OR PROJECTS. DURING THE MEETINGS, THE BOARD PRESIDENT TAKES NOTES ON THE PROGRESS OF THE EXECUTIVE DIRECTOR TOWARD MEETING THE ORGANIZATION'S GOALS AS OUTLINED IN THE ANNUAL WORKPLAN AND OVERALL STRATEGIC PLAN. THE SUMMATIVE ASSESSMENT BEGINS AT THE START OF THE FOURTH QUARTER OF THE CALENDAR YEAR. THE PERFORMANCE REVIEW COMMITTEE (PRC), APPOINTED ANNUALLY BY THE BOARD CHAIR, REQUESTS THE EXECUTIVE DIRECTOR COMPOSE A SELF-EVALUATION TO INCLUDE: PERFORMANCE AGAINST JOB COMPETENCIES, GOAL ACHIEVEMENT SUMMARY, A LIST OF ANY ADDITIONAL ACCOMPLISHMENTS, AND AN INITIAL DRAFT OF THE ENSUING YEAR'S GOALS. AT THE SAME TIME, THE PRC COLLECTS ADDITIONAL INFORMATION AND FEEDBACK FROM BOARD MEMBERS, KEY VOLUNTEERS, AND STAFF AS APPROPRIATE. AFTER REVIEWING THE EXECUTIVE DIRECTOR'S SELF EVALUATION, THE PRC MEETS TO DRAFT ITS COMMENTS/FEEDBACK. THE PRC THEN MEETS WITH THE EXECUTIVE DIRECTOR TO DISCUSS THE PERFORMANCE REVIEW AND FINALIZES THE ANNUAL EVALUATION. THE BOARD CHAIR THEN PRESENTS A BRIEF PERFORMANCE REVIEW SUMMARY TO THE EXECUTIVE COMMITTEE IN EXECUTIVE SESSION. APPROVAL IS NEEDED FROM THE EXECUTIVE COMMITTEE FOR THE ENSUING YEAR'S ANNUAL GOALS. THE EXECUTIVE COMMITTEE MAY DISCUSS/RECOMMEND A CHANGE TO THE EXECUTIVE DIRECTOR'S COMPENSATION AT THIS TIME FOR SUBSEQUENT BOARD APPROVAL. AT ITS ANNUAL MEETING IN EXECUTIVE SESSION, THE BOARD CHAIR PROVIDES A BRIEF PERFORMANCE REVIEW SUMMARY FOR THE ENTIRE BOARD. THE BOARD CHAIR MAY, AT THIS TIME, RECOMMEND A COMPENSATION CHANGE FOR THE EXECUTIVE DIRECTOR. COMPENSATION SURVEYS FROM MOUNTAIN STATE EMPLOYERS COUNCIL AND THE COUNCIL ON FOUNDATIONS AND PHILANTHROPY COLORADO ARE USED TO DETERMINE THIS COMPENSATION CHANGE. THE BOARD CHAIR ALSO PRESENTS THE LIST OF PROPOSED GOALS FOR THE ENSUING YEAR. BOARD MEMBERS DISCUSS AND COME TO CONSENSUS ON GOALS AND COMPENSATION ADJUSTMENTS, IF ANY. THE BOARD ADJOURNS FROM EXECUTIVE SESSION AND VOTES TO APPROVE THE PERFORMANCE REVIEW, COMPENSATION, AND GOALS FOR THE ENSUING YEAR. FOLLOWING BOARD APPROVAL, THE BOARD PRESIDENT AND CHAIR MEETS WITH THE EXECUTIVE DIRECTOR TO FINALIZE THE ANNUAL REVIEW PROCESS. THIS PROCESS LAST TOOK PLACE IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 2,055. MANAGEMENT AND GENERAL EXPENSES 65,528. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67,583. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.