Nonprofit · EIN 84-0994055
COLORADO TRUST
Tax-exempt · DENVER, CO 80205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $37,563,966 | $44,821,827 | -$7,257,861 | $548,027,277 | $5,467,220 | $542,560,057 |
| December 31, 2023 | 990-PF | $28,418,812 | $43,435,122 | -$15,016,310 | $531,367,157 | $7,863,597 | $523,503,560 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $3,418,201
- Net gain from sales of assets
- $33,105,224
- Other income
- $1,040,541
Expenses
- Grants and similar amounts paid
- $28,773,031
- Compensation of officers, directors and key employees
- $1,107,245
- Salaries, compensation and benefits (total)
- $3,679,866
- Disbursements for charitable purposes
- $38,018,398
- Excise tax on investment income
- $519,865
Balance sheet and other
- Total assets, start of year
- $531,367,157
- Total assets, end of year
- $548,027,277
- Total liabilities, end of year
- $5,467,220
- Net assets, end of year
- $542,560,057
- Fair market value of assets
- $548,027,277
- Qualifying distributions
- $38,518,398
- Net investment income
- $47,587,219
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DON MARES 3660 Blake St, Denver, CO 80205 | PRESIDENT AND CEO | 40 | $529,663 | $84,927 |
| MONALISA OLARTE 3660 Blake St, Denver, CO 80205 | VP AND CFO | 40 | $303,783 | $61,237 |
| MORRIS PRICE 3660 Blake St, Denver, CO 80205 | VP OF GRANTS Highest-paid employee | 40 | $264,641 | $50,690 |
| JULLIAN KESNER 3660 Blake St, Denver, CO 80205 | VP OF COMMUNICATIONS Highest-paid employee | 40 | $181,771 | $52,467 |
| TAYLOR SCHAFBUCH 3660 Blake St, Denver, CO 80205 | CONTROLLER Highest-paid employee | 40 | $164,438 | $32,656 |
| ROBERT FOLEY 3660 Blake St, Denver, CO 80205 | GRANTS PROGRAM DIR Highest-paid employee | 40 | $157,171 | $36,949 |
| AMANDA ROSS 3660 Blake St, Denver, CO 80205 | HR DIRECTOR Highest-paid employee | 40 | $154,522 | $42,024 |
| BETTY VELASQUEZ 3660 Blake St, Denver, CO 80205 | CHAIR | 1.5 | $34,000 | $0 |
| REV LOUISE WESTFALL 3660 Blake St, Denver, CO 80205 | TRUSTEE | 1.5 | $29,000 | $0 |
| DR BRENDA J ALLEN 3660 Blake St, Denver, CO 80205 | SECRETARY | 1.5 | $29,000 | $0 |
| CHRISTINE MARQUEZ-HUDSON 3660 Blake St, Denver, CO 80205 | TRUSTEE | 1.5 | $29,000 | $0 |
| BRANDY REITTER 3660 Blake St, Denver, CO 80205 | TRUSTEE | 1.5 | $29,000 | $0 |
| WENDY DOMINGUEZ 3660 Blake St, Denver, CO 80205 | TREASURER | 1.5 | $29,000 | $0 |
| TIM SHULTZ 3660 Blake St, Denver, CO 80205 | CHAIR ELECT | 1.5 | $29,000 | $0 |
| DONALD NEASE 3660 Blake St, Denver, CO 80205 | TRUSTEE | 1.5 | $29,000 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TY COLEMAN 3660 Blake St, Denver, CO 80205 | TRUSTEE | 1.5 | $29,000 |
| JACK BLUMENTHAL 3660 Blake St, Denver, CO 80205 | COMMUNITY MEMBER | 0.5 | $2,400 |
| JAMES STANFORD WILLIE 3660 Blake St, Denver, CO 80205 | COMMUNITY MEMBER | 0.5 | $2,400 |
| SAM MASOUDI 3660 Blake St, Denver, CO 80205 | COMMUNITY MEMBER | 0.5 | $1,800 |
| TONY VU 3660 Blake St, Denver, CO 80205 | COMMUNITY MEMBER | 0.5 | $1,200 |
| TODD RUBRIGHT 3660 Blake St, Denver, CO 80205 | COMMUNITY MEMBER | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Don Mares 1600 Sherman Street, Denver, CO 80203 | President and CEO | 40 | $418,769 | $50,567 |
| Monalisa Olarte 1600 Sherman Street, Denver, CO 80203 | VP and CFO | 40 | $299,725 | $54,998 |
| Morris Price 1600 Sherman Street, Denver, CO 80203 | VP Grants & Impact Highest-paid employee | 40 | $249,944 | $43,548 |
| Jullian Kesner 1600 Sherman Street, Denver, CO 80203 | VP - Communications Highest-paid employee | 40 | $169,824 | $50,924 |
| Robert Foley 1600 Sherman Street, Denver, CO 80203 | Grants Program Dir. Highest-paid employee | 40 | $155,399 | $36,011 |
| Johanna Ulloa Giron 1600 Sherman Street, Denver, CO 80203 | Advocacy Prog. Mngr Highest-paid employee | 40 | $110,627 | $41,549 |
| Mia Ramirez 1600 Sherman Street, Denver, CO 80203 | Program Manager Highest-paid employee | 40 | $110,251 | $27,885 |
| Rev Louise Westfall 1600 Sherman Street, Denver, CO 80203 | Chair | 1.5 | $34,000 | $0 |
| Warren Johnson MD 1600 Sherman Street, Denver, CO 80203 | Trustee | 1.5 | $29,000 | $0 |
| Dr Brenda J Allen 1600 Sherman Street, Denver, CO 80203 | Secretary | 1.5 | $29,000 | $0 |
| Betty Velasquez 1600 Sherman Street, Denver, CO 80203 | Chair Elect | 1.5 | $29,000 | $0 |
| Christine Marquez-Hudson 1600 Sherman Street, Denver, CO 80203 | Trustee | 1.5 | $29,000 | $0 |
| Brandy Reitter 1600 Sherman Street, Denver, CO 80203 | Trustee | 1.5 | $29,000 | $0 |
| Wendy Dominguez 1600 Sherman Street, Denver, CO 80203 | Treasurer | 1.5 | $29,000 | $0 |
| Tim Shultz 1600 Sherman Street, Denver, CO 80203 | Trustee | 1.5 | $29,000 | $0 |
| James Stanford Willie 1600 Sherman Street, Denver, CO 80203 | Community Member | 0.5 | $2,400 | $0 |
| Jack Blumenthal 1600 Sherman Street, Denver, CO 80203 | Community Member | 0.5 | $1,800 | $0 |
| Tony Vu 1600 Sherman Street, Denver, CO 80203 | Community Member | 0.5 | $1,800 | $0 |
| Sam Masoudi 1600 Sherman Street, Denver, CO 80203 | Community Member | 0.5 | $1,200 | $0 |
| Todd Rubright 1600 Sherman Street, Denver, CO 80203 | COMMUNITY MEMBER | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3660 BLAKE ST STE 800, DENVER, CO 80205-5458
- In care of
- % THE COLORADO TRUST
- Signed the 990-PF
- Monalisa Olarte, CFO
- Phone
- (303) 837-1200
- Website
- WWW.COLORADOTRUST.ORG
- Return prepared by
- Forvis Mazars LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 84-0994055
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $548,027,277
- Income (IRS master file)
- $130,265,089
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $37,563,966 | $44,821,827 | $548,027,277 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $28,418,812 | $43,435,122 | $531,367,157 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-0994055).
Questions about COLORADO TRUST
- What is the EIN of COLORADO TRUST?
- The employer identification number (EIN) of COLORADO TRUST is 84-0994055.
- Is COLORADO TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to COLORADO TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does COLORADO TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of COLORADO TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COLORADO TRUST last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of COLORADO TRUST?
- The 990-PF for the year ended December 31, 2024 lists 21 people; 20 received compensation from the organization, the highest $529,663 (DON MARES, PRESIDENT AND CEO).
- How much revenue does COLORADO TRUST have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $37,563,966, expenses of $44,821,827 and total assets of $548,027,277 at year end.
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