Colorado Open Golf Foundation
Colorado Open Golf Foundation consistently generates surpluses with zero reported officer compensation.
EIN: 200377476 · Denver, CO · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.8 |
| Net Assets | $2.0M |
| Transparency Score | 90/100 |
Is Colorado Open Golf Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Colorado Open Golf Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colorado Open Golf Foundation
Colorado Open Golf Foundation (EIN: 200377476) is a nonprofit organization based in Denver, CO, classified under NTEE code T12. The organization reported total revenue of $2.3M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colorado Open Golf Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colorado Open Golf Foundation is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$122K |
| Total Assets | $2.7M |
| Total Liabilities | $673K |
| Net Assets | $2.0M |
| Operating Margin | 6.4% |
| Debt-to-Asset Ratio | 25.0% |
| Months of Reserves | 18.3 months |
Financial Health Grade: A
In 2023, Colorado Open Golf Foundation reported a surplus of $122K with revenue exceeding expenses, holds 18.3 months of operating reserves (strong position), has a debt-to-asset ratio of 25.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Colorado Open Golf Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | +2.3% | -35.7% |
| 2022 | +11.1% | +24.4% | +5.2% |
| 2021 | -1.5% | +3.9% | +79.4% |
| 2020 | -13.0% | -8.0% | +25.0% |
| 2019 | +16.2% | +5.2% | +39.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Colorado Open Golf Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Colorado Open Golf Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $122K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for a nonprofit of its size with annual revenues exceeding $1.8 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Colorado Open Golf Foundation's IRS 990 filings:
- Significant year-over-year fluctuation in assets and liabilities between 2022 and 2023 without immediate explanation in summary data.
Strengths
The following positive indicators were identified for Colorado Open Golf Foundation:
- Consistent positive net income, with revenues exceeding expenses in most years.
- Zero reported officer compensation across all filings, indicating strong financial stewardship.
- Healthy asset base relative to annual expenses, suggesting financial stability.
- Long history of IRS 990 filings (13 filings), indicating consistent operation and transparency.
Frequently Asked Questions about Colorado Open Golf Foundation
Is Colorado Open Golf Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Colorado Open Golf Foundation (EIN: 200377476) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Colorado Open Golf Foundation spend its money?
Colorado Open Golf Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Colorado Open Golf Foundation tax-deductible?
Colorado Open Golf Foundation is registered as a tax-exempt nonprofit (EIN: 200377476). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Colorado Open Golf Foundation CEO make?
Colorado Open Golf Foundation's highest-compensated officer earns $1.8 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Colorado Open Golf Foundation's spending goes to programs?
Colorado Open Golf Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Colorado Open Golf Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Colorado Open Golf Foundation is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Colorado Open Golf Foundation located?
Colorado Open Golf Foundation is headquartered in Denver, Colorado and files with the IRS under EIN 200377476. It is classified under NTEE code T12.
How many years of IRS 990 filings does Colorado Open Golf Foundation have?
Colorado Open Golf Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.3M in total revenue.
What caused the significant decrease in assets and liabilities between 2022 and 2023?
Between 2022 and 2023, assets decreased from $4,196,058 to $2,696,810, while liabilities decreased from $2,349,532 to $673,398. This large reduction in both suggests a significant financial event, possibly the repayment of a large loan or the divestment of an asset that was previously financed by a liability.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's officers are either volunteers or compensated through other means not classified as officer compensation, such as through a related entity, or that the organization has a very lean, possibly volunteer-led, executive structure.
What is the primary source of the organization's revenue?
While not explicitly detailed in the provided summary, given the NTEE code T12 (Sports, Recreation, Athletics, Camps), it is highly probable that revenue comes from golf tournaments, sponsorships, donations, and potentially event fees related to promoting golf.
Filing History
IRS 990 filing history for Colorado Open Golf Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Colorado Open Golf Foundation's revenue has grown by 107.3%, moving from $911K to $1.9M. Total assets increased by 758.4% over the same period, from $314K to $2.7M. Total functional expenses rose by 96.8%, from $898K to $1.8M. In its most recent filing year (2023), Colorado Open Golf Foundation reported a surplus of $122K, with revenue exceeding expenses. The organization holds $673K in liabilities against $2.7M in assets (debt-to-asset ratio: 25.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.8M | $2.7M | $673K | — | — |
| 2022 | $1.8M | $1.7M | $4.2M | $2.3M | — | View 990 |
| 2021 | $1.6M | $1.4M | $4.0M | $1.8M | — | View 990 |
| 2020 | $1.6M | $1.3M | $2.2M | $226K | — | View 990 |
| 2019 | $1.9M | $1.5M | $1.8M | $129K | — | View 990 |
| 2018 | $1.6M | $1.4M | $1.3M | $167K | — | View 990 |
| 2017 | $1.9M | $1.3M | $1.1M | $108K | — | View 990 |
| 2016 | $1.2M | $1.2M | $550K | $195K | — | View 990 |
| 2015 | $969K | $952K | $425K | $63K | — | View 990 |
| 2014 | $930K | $903K | $421K | $77K | — | View 990 |
| 2013 | $943K | $879K | $348K | $31K | — | View 990 |
| 2012 | $887K | $887K | $325K | $72K | — | View 990 |
| 2011 | $911K | $898K | $314K | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $2.7M (revenue +6.0% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.7M, and assets of $4.2M (revenue +11.1% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.4M, and assets of $4.0M (revenue -1.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.3M, and assets of $2.2M (revenue -13.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.5M, and assets of $1.8M (revenue +16.2% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.4M, and assets of $1.3M (revenue -16.4% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.3M, and assets of $1.1M (revenue +64.3% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $550K (revenue +20.9% year-over-year).
- 2015: Revenue of $969K, expenses of $952K, and assets of $425K (revenue +4.2% year-over-year).
- 2014: Revenue of $930K, expenses of $903K, and assets of $421K (revenue -1.4% year-over-year).
- 2013: Revenue of $943K, expenses of $879K, and assets of $348K (revenue +6.4% year-over-year).
- 2012: Revenue of $887K, expenses of $887K, and assets of $325K (revenue -2.6% year-over-year).
- 2011: Revenue of $911K, expenses of $898K, and assets of $314K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colorado Open Golf Foundation:
Data Sources and Methodology
This transparency report for Colorado Open Golf Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.