Gunnison Legacy Fund in Gunnison, Colorado (CO)
Table of contents:
| Gunnison Legacy Fund | |
| Employer Identification Number (EIN) | 841339198 |
| Name of Organization | Gunnison Legacy Fund |
| Address | 307 N Main St Ste 2h, Gunnison, CO 81230-2435 |
| Activities | Land acquisition for preservation |
| Subsection | Charitable Organization |
| Ruling Date | 09/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $344,181 |
| Amount of Income | $135,902 |
| Form 990 Revenue Amount | $135,902 |
| National Taxonomy of Exempt Entities (NTEE) | Environmental Quality, Protection and Beautification: Land Resources Conservation |
Non-representatives - add comments:
Amount of income in 2013: $135,902 (it was $674,657 in 2012)
| This organization: | $135,902 |
| Other organizations performing similar types of work: | $448,416 |
Assets in 2013: $344,181 (it was $362,717 in 2012)
| This organization: | $344,181 |
| Other organizations performing similar types of work: | $2,916,339 |
Expenses in 2013: $153,698
| This organization: | $153,698 |
| Other organizations performing similar types of work: | $223,217 |
Income to expenses ratio in 2013: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2013: 99.1%
| This organization: | 99.1% |
| Other organizations performing similar types of work: | 88.9% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $135,902 | ||
| Contributions, gifts, grants, and similar amounts received | $134,637 | ||
| Program service revenue including government fees and contracts | $0 | ||
| Membership dues and assessments | $0 | ||
| Investment income | $1,265 | ||
| Gain/Loss from sale of assets other than inventory | $0 | ||
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | ||
| Other revenue | $0 | ||
| Total expenses | $153,698 | ||
| Total net assets | $344,181 | ||
| Excess/Deficit for the year | $-17,796 | ||
| Net assets or fund balances at beginning of year | $361,848 | ||
| Other changes in net assets or fund balances | $129 | ||
| Net assets or fund balances at end of year | $344,181 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $413,411 | $362,717 | $344,181 |
| Total liabilities | $850 | $869 | $0 |
| Net assets or fund balances | $344,181 | ||
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | ||
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | ||
| Total amount involved | $0 | ||
| Initiation fees and capital contributions | $0 | ||
| Gross receipts for public use of club facilities | $0 | ||
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $3,970,620 |
| Subtotal Support | $3,970,620 |
| Gifts, grants, contributions, and membership fees received | $3,970,620 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $3,995,641 |
| Public Support | $3,970,620 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $25,021 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | C O L Foundation | 355 S Teller St Ste 210, Lakewood, CO 80226-7391 | CO | 1988-08 | $1,916,330 |
| 2 | Crested Butte Land Trust | PO BOX 2224, Crested Butte, CO 81224-2224 | CO | 1992-07 | $1,461,181 |
| 3 | Squirrel Island Preservation Foundation | 254 Commercial Street, Portland, ME 04101-4664 | ME | 1988-03 | $29,847,162 |
| 4 | Colorado Open Lands | 355 S Teller Street, Lakewood, CO 80226-7390 | CO | 1982-10 | $16,616,382 |
| 5 | Truckee Donner Land Trust | PO BOX 8816, Truckee, CA 96162-8816 | CA | 1995-09 | $9,925,915 |
| 6 | Yampa Valley Land Trust Inc | PO BOX 773014, Steamboat Spr, CO 80477-3014 | CO | 1993-07 | $7,242,065 |
| 7 | Wilderness Land Trust | PO BOX 1420, Carbondale, CO 81623-1420 | CO | 1997-07 | $2,486,327 |
| 8 | Rio Grande Headwaters Land Tr A Colorado Nonprofit Corporation | PO BOX 444, Del Norte, CO 81132-0444 | CO | 1999-12 | $1,679,154 |
| 9 | Montezuma Land Conservancy | 216 W Montezuma Ave, Cortez, CO 81321-2748 | CO | 1999-03 | $1,254,532 |
| 10 | Eagle Valley Land Trust | PO BOX 3016, Edwards, CO 81632-3016 | CO | 1981-10 | $931,985 |
| 11 | Colorado Headwaters Land Trust | PO BOX 1938, Granby, CO 80446-1938 | CO | 1996-06 | $546,286 |
| 12 | Mesa County Land Conservancy Inc, Mesa Land Trust | 1006 Main St, Grand Jct, CO 81501-3541 | CO | 1981-04 | $527,500 |
| 13 | Douglas County Land Conservancy | PO BOX 462, Castle Rock, CO 80104-0462 | CO | 1988-07 | $516,980 |
| 14 | Mountain Area Land Trust | PO BOX 4063, Evergreen, CO 80437-4063 | CO | 1993-08 | $514,434 |
| 15 | Valley Land Conservancy, Dba Black Canyon Region Land Trust | 1561 Oxbow Drive, Montrose, CO 81401-4700 | CO | 1994-08 | $247,922 |
| 16 | Southern Rockies Ecosystem Project | 1536 Wynkoop St Ste 200, Denver, CO 80202-1162 | CO | 1996-09 | $231,024 |
| 17 | Southern Plains Land Trust | 6439 E Maplewood Ave, Centennial, CO 80111-4428 | CO | 1999-03 | $170,509 |
| 18 | San Miguel Conservation Foundation | PO BOX 1957, Telluride, CO 81435-1957 | CO | 1994-06 | $44,310 |
| 19 | Cheyenne Commons Alliance | P O Box 38566, Colorado Springs, CO 80937-8566 | CO | 1997-06 | $0 |
| 20 | Windstar Land Conservancy | 2317 Snowmass Creek Road, Snowmass, CO 81654 | CO | 1989-06 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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