Philanthropy, Voluntarism, and Grantmaking

LONGMONT COMMUNITY FOUNDATION

Improving Life for All

Longmont, CO   |  https://www.longmontfoundation.org

Mission

To improve life in the St. Vrain Valley through philanthropy and charitable leadership.

Notes from the nonprofit

We run an efficient and lean organization. One full time staff person and two part time employees provide services to donors, scholarship recipients/applicants, and vendors and grantees.

Ruling year info

2014

Executive Director

Mr. Eric Hozempa

Main address

636 Coffman St Ste 203

Longmont, CO 80501 USA

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EIN

46-3894713

Cause area (NTEE code) info

Public Foundations (T30)

Scholarships, Student Financial Aid, Awards (B82)

Fund Raising and/or Fund Distribution (L12)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

the Longmont Community Foundation provides assistance to the community so that all people can lead productive and generous lives

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Live and Give Longmont

Live and Give Longmont allows us to respond to the changing needs in the community. Donors have contributed generously over the years to this endowment, and the earnings go to fund our Community Grants Program. We distribute thousands of dollars to local nonprofits – large and small – each year through the Community Grants Program. Our grant deadline is December 1st of each year. Grant applications are reviewed by our group of community volunteers. Grant awards are distributed each spring.

Population(s) Served
Economically disadvantaged, low-income, and poor people
General/Unspecified
Budget
$1,000,000

We manage charitable funds for local donors, businesses and nonprofits – more than 75 of them. We offer you the power and flexibility in charitable giving without the legal paperwork, time and expenses associated with running your own foundation. We can help you set up a Fund that will maximize both your tax advantages and your impact in the community – for now and forever.

Population(s) Served
General/Unspecified

Ascend St. Vrain is a needs-based, multi-year scholarship for St. Vrain Valley School District students who wish to attend a four year university, community college, vocational, or technical school in Colorado. Specifically targeted to lower middle income families, Ascend St. Vrain helps alleviate the debt that many middle income families incur by sending their kids to college. In fact, an average student owes over $35,000 after graduation and middle income families incur the most debt. New graduates start their lives with a debt load that prevents them from buying a home, starting a family, and planning for retirement. With your help, we can alleviate this situation and help provide access to education that unlocks potential.

Population(s) Served
Economically disadvantaged, low-income, and poor people
Families
Budget
$1,000,000

For Children of some low income families the connected education stops when they come home from school. These homes were once served by a community wide Digital Divide program based on a citywide Wi-Fi system, but the program was discontinued as the aging system became obsolete, falling far short of what was needed. The Solution -- Sharing the NextLight This program will provide families with a 25 mbps NextLight connection for both upload and download speeds. This would provide a fast and reliable connection in the convenience of a family's own home with no contracts and no data caps. The Sharing the NextLight Fund will be used to pay the published monthly NextLight internet rate and installation fees for low income families

Population(s) Served
K-12 (5-19 years)
Minorities
Budget
$60,000

Where we work

Affiliations & memberships

Council on Foundations - Member 2020

Boulder County Estate Planning Council - Member 2020

Advancement Network - Member 2020

National Scholarship Providers Network 2020

Philanthropy Colorado 2020

Charity Navigator 2020

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of organizations applying for grants

This metric is no longer tracked.
Totals By Year
Related Program

Live and Give Longmont

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

Every year, about 100 local nonprofits apply for grants from the Live and Give Longmont Fund. A dedicated volunteer committee thoroughly reviews each application before making grant recommendations.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Economically disadvantaged, low-income, and poor people

Related Program

Live and Give Longmont

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

The total dollar of grants awarded is a reflection of the Foundation's impact on local and national nonprofits. Note: 2013 is unusually high due to grants from the St. Vrain Flooding Relief Fund.

Total dollars received in contributions

This metric is no longer tracked.
Totals By Year
Related Program

Donor Advised Funds

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

The growth in funds contributed to the Foundation is an indicator of the confidence that the community has in the Foundation to be a trusted steward of their philanthropic dollars.

Total assets

This metric is no longer tracked.
Totals By Year
Related Program

Donor Advised Funds

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

The assets of the Longmont Community Foundation represents the total funds that are entrusted to us, and reflect the impact we are able to have on the local and national nonprofit communities.

Charting impact

SOURCE: Self-reported by organization

Five powerful questions that require reflection about what really matters - results.

What is the organization aiming to accomplish?

The Longmont Community Foundation works to support nonprofits in providing the financial resources and educational support that they need to meet the needs of our community. The Foundation also serves to assist local residents with their philanthropic goals, and connect donors with the causes that are the most meaningful to them.

The Longmont Community Foundation's Live and Give Longmont Fund is a permanent endowment fund that not only generates much-needed revenue for existing nonprofits, but also grows over time to ensure funding well into the future. Every year, almost 100 nonprofits apply for funding from Live and Give Longmont. A dedicated grants committee made up of 18 community volunteers, representing diverse backgrounds and interests, spends three months vising each nonprofit and thoroughly reviewing each application. Based on these assessments, the committee determines how to allocate the available funding from the Live and Give Longmont Fund. The Live and Give Longmont Fund is a strategy for helping the Foundation achieve its goal of improving life in the St. Vrain Valley.<br/><br/>In addition, the Foundation also helps to strengthen the nonprofit community by hosting a number of different workshops throughout the year, including seminars on grantwriting and board governance, and facilitating internal discussions on a variety of relevant topics.<br/><br/>The Foundation manages more than 100 charitable funds for local individuals, families, businesses and nonprofits. The Foundation holds a variety of seminars to help local donors understand a range of matters related to philanthropy, including estate planning, increasing family involvement, and planned giving. These learning opportunities enable philanthropists to learn more about the local nonprofits, and allow them to maximize their impact in the community. <br/><br/>Finally, one of the functions of a community foundation is to increase involvement and engagement from residents. Towards that end, the Longmont Community Foundation periodically holds seminars and workshops that are open to all community members to discuss the issues that are relevant to creating a vibrant and healthy community.

The Longmont Community Foundation separated from the Denver Foundation in 2014 as a means to improve its operating efficiencies and to better serve the local community. <br/><br/>Following its establishment as an independent Foundation, the Longmont Community Foundation has reduced its opening balance minimums as well as its investment management fees. This has made the philanthropy process more inclusive and has allowed donors and philanthropists to have a stronger and more meaningful impact in the community.<br/><br/>At the same time, the Foundation has been able to significantly lower its operating expenses following its establishment as an independent Foundation. In 2015, the Foundation's total operating expenses were 17 percent lower than 2014, and 31 percent lower than 2013. The Foundation runs an efficient and lean organization, with one full time and two part-time staff. <br/><br/>In order to support the donor community, the Longmont Community Foundation launched an online program that allows donors to see the balances of their donor advised funds, access statements, and make grant recommendations. They are also able to access GuideStar reviews of nonprofits from their online portals. <br/><br/>As a result of these operational changes, the Longmont Community Foundation is well positioned to achieve its goals of supporting both the local nonprofit and philanthropic communities.

It is hard to imagine that the many social and economic problems that nonprofits face will ever be fully resolved. However, the Foundation will be able to measure its progress towards improving life in the St. Vrain Valley by assessing the health of the nonprofit community in its ability to create the sustainable revenue streams that are necessary to perform the work towards achieving their missions.<br/><br/>In addition, community foundations play a large part in uniting communities towards the common goals of making neighborhoods safer and more vibrant. As such, one way to measure progress would be to qualitatively assess the level of engagement and unity in the community. <br/><br/>Finally, the Foundation will be able to objectively assess its progress towards improving the community through philanthropy by examining various measures including the number of donor advised funds it manages, and the annual dollar amount granted to nonprofits.

The Longmont Community Foundation has seen significant progress in increased philanthropic giving in the community. The dollar amount granted to nonprofits more than quadrupled from 2010 to 2015. However, the level of philanthropic giving is lower in Longmont when compared to neighboring Boulder, and there is still significant room to increase awareness of the Longmont Community Foundation, and how potential donors can help support the nonprofits in the local community.

Financials

LONGMONT COMMUNITY FOUNDATION
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

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LONGMONT COMMUNITY FOUNDATION

Board of directors
as of 9/22/2020
SOURCE: Self-reported by organization
Board chair

Mr. Matt Zavala

Firefighter, City of Boulder

Term: 2017 - 2019

Dale Bernard

Retired

Matt Zavala

Boulder Firefighter

Monica Baldwin

Main Street Investments

Jan Kanemoto

Retired

Kris Koval

Sherman and Howard

Sonia Marrero

Seagate

Jeff Nading

GTC Construction

Sam Napp

BSW Wealth Partners

Susan Shirley

Executive Coach

Susan Wiser

Retired

Donald Alspaugh

Schey, Piller, Alspaugh & Wong, P.C

John Caldwell

John Caldwell, Inc.

Lynne Harkness

Retired Occupational Therapist

Virginia Dutkin

Community Leader

Roy White

Engineer

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Keywords

Philanthropy, community foundation