2025-02-06T12:29:46-06:00 2024-06-30 390758449 WIPFLI LLP 2725 ROCKY MOUNTAIN AVE STE 400 LOVELAND CO 80538 990 2023-07-01 846043555 COLORADO HISTORICAL FOUNDATION COLO 3038942503 PO BOX 363 GOLDEN CO 804020363 FABBY HILLYARD BOARD CHAIR 3038942503 2025-02-05 1 1 HOLLY SCHMIDT P01867045 3037590089 2025-02-05 2023 2025-03-06 01:10:19Z CATHERINE STROH PO BOX 363 GOLDEN CO 804020363 887365 0 X WWW.COHF.ORG X 1965 CO THE COLORADO HISTORICAL FOUNDATION MOBILIZES RESOURCES TO SUPPORT AND INSPIRE COLORADO'S PEOPLE IN THEIR PRESERVATION OF MEANINGFUL PLACES, HERITAGE, AND HISTORY. THE FOUNDATION ENVISIONS COLORADO AS A PLACE WHERE ALL PEOPLE FEEL REFLECTED IN CULTURAL RESOURCES AND HISTORIC PLACES, AND CAN BUILD AN EQUITABLE FUTURE INFORMED BY THE PAST. THE FOUNDATION'S FOUR FOCUS AREAS: ACCEPTING AND MONITORING HISTORIC PRESERVATION EASEMENTS, ADMINISTERING A HISTORIC PRESERVATION REVOLVING LOAN FUND, PROJECT CONSULTATION AND SUPPORT, AS WELL AS STEWARDING ENDOWMENTS AND RESTRICTED FUNDS TO SUPPORT ORGANIZATIONS AND PROJECTS THAT FURTHER THE FOUNDATION'S MISSION.FOR OVER 40 YEARS, THE FOUNDATION'S EASEMENT PROGRAM HAS PROTECTED HISTORIC BUILDINGS, STRUCTURES AND LANDSCAPES THAT EMBODY COLORADO'S STORIED LEGACIES AND UNIQUE SENSE OF PLACE. AT THE END OF THIS FISCAL YEAR, THE ORGANIZATION HAD 115 EASEMENTS STATEWIDE. 18 18 3 18 0 0 1338567 301099 91147 236599 180832 292710 55451 56957 1665997 887365 500 0 0 0 221951 234337 0 0 7910 610255 1441274 832706 1675611 833291 -788246 12945656 14693493 3736669 5674394 9208987 9019099 SEE SCHEDULE O 0 0 1296830 58527 FUNDS STEWARDSHIP: THE COLORADO HISTORICAL FOUNDATION MANAGES ENDOWMENTS, RESTRICTED AND CUSTODIAL FUNDS TO BENEFIT ORGANIZATIONS AND PROJECTS WHICH FURTHER THE FOUNDATION'S MISSION. 242731 178072 EASEMENTS AND PRESERVATION: THE ORGANIZATION ACCEPTS AND MONITORS CONSERVATION EASEMENTS TO ENSURE THE DEFINING CHARACTERISTICS OF HISTORIC STRUCTURES AND HISTORICALLY IMPORTANT LAND AREAS ARE PRESERVED AND PROTECTED. ADDITIONAL PRESERVATION SERVICES INCLUDE CONSULTATION, GRANT ADMINISTRATION AND PROJECT MANAGEMENT IN PARTNERSHIP WITH ENTITIES CARRYING OUT HISTORIC PRESERVATION AND RELATED RESEARCH PROJECTS. 56957 56957 ADDITIONALLY, THE FOUNDATION PROVIDES SUPPORT TO THE CHF REVOLVING LOAN FUND WHICH FINANCES HISTORIC PROPERTY REDEVELOPMENT IN LINE WITH THE "SECRETARY OF THE INTERIOR'S STANDARDS FOR THE TREATMENT OF HISTORIC PROPERTIES." 1596518 1 1 0 0 0 0 1 0 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X CATHERINE STROH 3038942503 64669 RANGER ROAD MONTROSE CO 81403 CATHERINE STROH EXECUTIVE DIRECTOR 40.00 X 118307 0 0 DOMINICK SEKICH PRESIDENT 3.00 X X 0 0 0 JOSEPH HALPERN VICE PRESIDENT (JULY 2023-JAN 2024) 2.00 X X 0 0 0 KAT VLAHOS VICE PRESIDENT (FEB-JUNE 2024) 2.00 X X 0 0 0 TINA BISHOP SECRETARY (JULY-AUGUST 2023) 1.00 X X 0 0 0 YVONNE GARCIA BARDWELL SECRETARY (DEC 2023-JUNE 2024) 2.00 X X 0 0 0 NATHAN BOYLESS TREASURER 2.00 X X 0 0 0 FRANK KUGELER TRUSTEE (JULY-DEC 2023) 1.00 X 0 0 0 EDWARD NICHOLS TRUSTEE (JULY-DEC 2023) 1.00 X 0 0 0 SHIRLEY POWELL TRUSTEE 1.00 X 0 0 0 DANNY CRAFT TRUSTEE 1.00 X 0 0 0 NATHAN GULASH TRUSTEE 1.00 X 0 0 0 MATT GOEBEL TRUSTEE 1.00 X 0 0 0 LIZ HALLAS TRUSTEE 1.00 X 0 0 0 FABBY HILLYARD TRUSTEE 1.00 X 0 0 0 CARL HUTCHINS TRUSTEE 1.00 X 0 0 0 THOMAS RODRIGUEZ TRUSTEE 1.00 X 0 0 0 DR ANDREW GULLIFORD TRUSTEE 1.00 X 0 0 0 RYAN WILCOX TRUSTEE 1.00 X 0 0 0 118307 0 0 1 0 0 0 0 214060 87039 301099 GRANT AND FUND ADMINIS 531390 106879 106879 STEWARDSHIP CONTRIBUTI 531390 79720 79720 SERVICE AND RECORDING 531390 50000 50000 236599 292710 292710 COST REIMBURSEMENTS 900003 56957 56957 56957 887365 293556 0 292710 118307 99378 15380 3549 98083 82390 12751 2942 17947 15076 2333 538 32573 32573 44431 44431 43790 43330 392 68 1183 994 154 35 10215 8581 1328 306 2848 2393 370 85 2915 2449 379 87 15766 14148 1618 397 333 52 12 6318 5307 821 190 HISTORY COLO SUPPORT 969587 969587 BENT COUNTY HISTORICAL 295956 295956 DUES & FILING FEES 7272 5097 2175 BANK FEES 3771 3771 4252 3297 857 98 1675611 1596518 71183 7910 810821 250678 6130641 8315574 151037 149527 569 787 4132 1657 251 2475 5852337 5974452 12945656 14693493 18960 79121 3717709 5595273 3736669 5674394 X 2570514 2859273 6638473 6159826 9208987 9019099 12945656 14693493 -788246 598358 0 X X 0 1 X 1 0 X 305681 823229 288185 1338567 301099 3056761 305681 823229 288185 1338567 301099 3056761 373648 2683113 154859 90165 105665 180832 292710 824231 3880992 1009643 0.69130 0.81760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 118 428.00 85 26 3 1 1 1500.00 103220 1 1 3717712 10927072 9049509 5595275 1 X 5994368 112270 744108 477607 122651 6250488 5447804 389086 511469 241822 112169 5994368 6232014 159624 -569831 250602 123401 5447804 4996725 175837 1324362 150964 113946 6232014 4941152 153000 218947 234590 81784 4996725 0.40970 0.59030 0 0 4132 1657 2475 2475 X 1487948 598358 46656 645014 842934 44431 44431 887365 1677836 46656 46656 1631180 44431 44431 1675611 PART II, LINE 3: ONE EASEMENT WAS EXPANDED FROM EXTERIOR-ONLY TO INCLUDE A PORTION OF THE HISTORIC INTERIOR AND TO RECORD IMPROVED EXTERIOR PHOTO DOCUMENTATION. TWO OTHER EASEMENTS WERE AMENDED TO RECORD IMPROVED PHOTO DOCUMENTATION AS REQUIRED BY STATE-FUNDED GRANTS. PART II, LINE 5 - MONITORING AND ENFORCEMENT POLICY THE ORGANIZATION MONITORS EASEMENT COMPLIANCE ON AN ONGOING BASIS, USING PAID STAFF, AND INFORMS THE OWNER OF ANY DEFICIENCIES. ANY VIOLATIONS ARE ENFORCED USING LEGAL SERVICES, IF NECESSARY. PART II, LINE 9: PRESERVATION EASEMENTS ARE INTANGIBLE ASSETS COMPRISED OF LISTED RIGHTS AND/OR RESTRICTIONS OVER THE OWNED PROPERTY AS HISTORIC STRUCTURES AND ARCHEOLOGICAL SITES, AS DEFINED IN FEDERAL REGULATIONS. PRESERVATION EASEMENTS ARE GRANTED IN PERPETUITY AND STAY WITH THE PROPERTY EVEN IF IT IS SOLD. THE FOUNDATION ACTS AS A STEWARD OF THE RIGHTS, ENSURING THAT THE PROPERTY OWNERS OR SUBSEQUENT PROPERTY OWNERS HONOR THE EASEMENT. NO VALUE HAS BEEN ASSIGNED TO THE EASEMENTS DUE TO THE LACK OF FORESEEABLE FUTURE CASH FLOW BENEFITS AND ABSENCE OF A SECONDARY EASEMENT MARKET. PART IV, LINE 1B: THE COLORADO HISTORICAL FOUNDATION ACTS AS A FISCAL AGENT FOR THE GEORGETOWN LOOP RAILROAD. PART IV, LINE 2B: THE COLORADO HISTORICAL FOUNDATION HOLDS THE BALANCE REMAINING IN THE GEORGETOWN LOOP RAILROAD ACCOUNT IN ESCROW FOR HISTORY COLORADO. PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS THE FOUNDATION STEWARDS THE FOLLOWING PERMANENTLY RESTRICTED ENDOWMENTS. EXCEPT WHERE SPECIFICALLY NOTED, ALL ENDORSEMENTS ARE GOVERNED BY THE FOUNDATION'S ANNUAL DISTRIBUTION AND SPENDING POLICY, AND NO DISTRIBUTIONS SHALL BE MADE WHICH WOULD CAUSE AN ENDOWMENT VALUE TO BE LESS THAN ITS CORPUS. IN FISCAL YEAR 1970, MR. MCALLISTER CONVEYED AND DELIVERED THROUGH HISTORY COLORADO TO THE FOUNDATION PROPERTY HAVING A CASH VALUE OF $50,000. THE FUNDS, AS DISTRIBUTED TO THE FOUNDATION, WERE TO BE USED TO RESTORE, MAINTAIN, AND PRESERVE THE PEARCE-MCALLISTER COTTAGE (COTTAGE). THE AGREEMENT PROVIDED FOR HISTORY COLORADO TO REQUEST DISBURSEMENTS TO COVER SUCH EXPENSES, AND THAT ALL ASSETS COULD BE FULLY EXPENDED FOR THE COTTAGE'S RESTORATION, MAINTENANCE, AND PRESERVATION, IF NECESSARY. IN FISCAL YEAR 1989, HISTORY COLORADO ESTABLISHED THE BYERS-EVANS HOUSE PROJECT TRUST (ALSO KNOWN AS THE CENTER FOR COLORADO WOMEN'S HISTORY) THROUGH CONVEYANCE OF $250,000 TO THE FOUNDATION. THE ENTIRE TRUST MAY BE USED AT THE DISCRETION OF THE FOUNDATION TO PRESERVE, PROTECT, ENHANCE, AND PERPETUATE THE BYERS-EVANS HOUSE PROJECT. DISBURSEMENTS MAY BE MADE BASED ON REQUESTS FROM HISTORY COLORADO SUBJECT TO APPROVAL BY THE FOUNDATION. IN FISCAL YEAR 1993, THE TERRITORIAL DAUGHTERS OF COLORADO CONVEYED AND DELIVERED TO THE FOUNDATION $50,000 IN FUNDS TRANSFERRED FROM THE TDC FOUNDATION. THE FUNDS, AS DISTRIBUTED TO THE FOUNDATION, SHALL BE USED FOR AWARDS RECOGNIZING PRESERVATION ACCOMPLISHMENTS IN THE STATE OF COLORADO. THE CORPUS SHALL BE THE BASE VALUE ADJUSTED ANNUALLY BY THE CONSUMER PRICE INDEX. IN FISCAL YEAR 1994, HISTORY COLORADO EXECUTED A DECLARATION OF TRUST FOR THE EL PUEBLO MUSEUM PROJECT. THE FOUNDATION AGREED TO HOLD THE PROPERTY IN TRUST FOR THE EXCLUSIVE USE AND BENEFIT OF EL PUEBLO MUSEUM PROJECT. THIS TRUST SHALL CONTINUE AS LONG AS THE EL PUEBLO MUSEUM IS OWNED AND OPERATED BY HISTORY COLORADO. IN FISCAL YEAR 1997, HISTORY COLORADO EXECUTED A DECLARATION OF TRUST FOR THE UTE MUSEUM PROJECT. THE FOUNDATION AGREED TO HOLD THE PROPERTY IN TRUST FOR THE EXCLUSIVE USE AND BENEFIT OF UTE MUSEUM PROJECT. THIS TRUST SHALL CONTINUE AS LONG AS THE UTE MUSEUM PROJECT IS OWNED AND OPERATED BY HISTORY COLORADO. IN FISCAL YEAR 2012, WILLIAM AND EVELYN MCCLEARN CONVEYED A CASH DONATION OF $50,000 TO THE FOUNDATION TO ESTABLISH A PERMANENT ENDOWMENT FOR THE PURPOSE OF SUPPORTING HISTORY COLORADO'S EXHIBIT AND EDUCATIONAL PROGRAMS. THE WILLIAM AND EVELYN MCCLEARN ENDOWMENT WAS ESTABLISHED AS PART OF HISTORY COLORADO'S MAKE HISTORY COLORADO CAPITAL CAMPAIGN. IN FISCAL YEAR 2015, JEAN JACKSON EMERY GIFTED PROCEEDS OF $590,747 TO THE FOUNDATION TO ESTABLISH THE JOHN W. EMERY FAMILY ENDOWMENT FOR THE PURPOSE OF SUPPORTING HISTORY COLORADO'S ENDEAVORS FOR COLLECTING, INTERPRETING, AND PROGRAMMING COLORADO HISTORY POST-WORLD WAR II. IN MAY 2015, CHARLES AND FAYE SCHAYER AWARDED $210,000 TO THE FOUNDATION TO ESTABLISH A PERMANENT ENDOWMENT FOR THE PURPOSE OF SUPPORTING HISTORY COLORADO'S EDUCATION AND OUTREACH PROGRAMS AND TO PROVIDE SCHOLARSHIPS TO TITLE I SCHOOLS FOR PROGRAM AND TRANSPORTATION COSTS. IN FISCAL YEAR 2017, HISTORY COLORADO EXECUTED AN ENDOWMENT AGREEMENT WITH THE FOUNDATION TO ESTABLISH THE HISTORY COLORADO ENDOWMENT AND TRANSFERRED DONATIONS TOTALING $396,372 TO ESTABLISH THE ENDOWMENT'S CORPUS. THE PURPOSE OF THE ENDOWMENT IS TO SUPPORT HISTORY COLORADO'S EXHIBITS, PROJECTS, PROGRAMS, AND PROPERTIES AND OPERATIONS. IN SEPTEMBER 2017, WILLIAM FALKENBERG ESTABLISHED THE JANIS FALKENBERG ENDOWMENT AT THE FOUNDATION FOR THE PURPOSE OF SUPPORTING THE STEPHEN H. HART LIBRARY (HART RESEARCH CENTER), INCLUDING COLLECTIONS AND HOLDINGS, EXPANSION, AND ACCESSIBILITY TO THE GENERAL PUBLIC. AMOUNTS ABOVE THE CORPUS MAY BE REQUESTED BY HISTORY COLORADO FOR THE ABOVE PURPOSE. THE ENDOWMENT WAS FULLY FUNDED IN 2022 BY WILLIAM FALKENBERG'S ESTATE WITH A CORPUS OF $310,000. THE SOLE EXCEPTION TO THIS DISTRIBUTION RESTRICTION SHALL APPLY WHEN AN UNUSUALLY LARGE DISTRIBUTION WOULD BE REQUIRED, AS DETERMINED BY THE FOUNDATION'S BOARD OF TRUSTEES, TO COVER COSTS OF AN EXTRAORDINARY TRANSFORMATIONAL PROJECT AT THE HART RESEARCH CENTER. THE REMAINDER OF FUNDS THE ORGANIZATION CLASSIFIES AS ENDOWMENTS ARE BOARD-DESIGNATED FUNDS TO SUPPORT BOARD-DESIGNATED PROGRAMS AND OPERATIONS. ONE SUCH FUND IS RESTRICTED TO COVER LEGAL AND OTHER EXPENSES ASSOCIATED WITH THE ORGANIZATION'S CONSERVATION EASEMENT PROGRAM. PART X, LINE 2: THE FOUNDATION APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF JUNE 30, 2024 AND 2023. FORM 990, PART I, LINE 6 IN ADDITION TO THE TIME DONATED BY THE BOARD OF TRUSTEES, LEGAL SERVICES VALUED AT $46,656 WERE ALSO DONATED TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY (PDF FORMAT) OF THE FINAL DRAFT OF THE 990 WAS SENT OUT VIA E-MAIL TO THE ENTIRE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT. BOARD MEMBERS WERE PROVIDED WITH TEN DAYS FOR THEIR REVIEW AND COMMENT, WITH CHANGES BEING MADE TO THE DRAFT IF THEY ARE CONSIDERED TO BE MATERIAL IN NATURE OR IF REQUIRED TO CORRECT FACTUAL ERRORS. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED BY SHARING THE POLICY WITH TRUSTEES AND STAFF ANNUALLY AND REQUESTING ANNUAL DISCLOSURE FORMS SIGNED BY TRUSTEES. ADDITIONALLY, TRUSTEES ARE REQUESTED TO DISCLOSE CONFLICTS AT EACH BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS CITED IN THE QUESTION ARE ALL AVAILABLE TO THE PUBLIC UPON REQUEST. WE OFFER THEM WHENEVER REQUESTED, WITH NO QUESTIONS ASKED AS TO WHY THEY ARE BEING REQUESTED, AND DO SO BY EITHER HARD COPY, SENT BY STANDARD MAIL, OR BY PDF COPY DELIVERED VIA E-MAIL, WITH FORM OF DELIVERY TO BE SELECTED BY THE PERSON REQUESTING THE COPIES. FORM 990, PART XII, LINE 2C: THE FINANCIAL STATEMENT OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CHF REVOLVING LOAN FUND 3410 WILLIAMS DRIVE SUITE 420-140 MONTROSE CO 81401 753064424 HISTORIC PRESERVATION LOAN FUND CO 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 CHF REVOLVING LOAN FUND Q 56957 CONTRACT