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Nonprofit · EIN 81-1755475

CANVAS FOUNDATION

Also known as STEVE FERRERO SOLE MBR

Tax-exempt · LONE TREE, CO 80124

Financials

$226K$189K2023$260K$220K2024
Revenue Expenses · by fiscal year end
Financials of CANVAS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$260,044$220,343$39,701$416,520$0$416,520
December 31, 2023990$226,442$189,155$37,287$393,183$16,364$376,819
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$294,977
Program service revenue
$0
Investment income
$433
Net income from fundraising events
-$35,366
Other revenue
-$35,366

Expenses

Grants and similar amounts paid
$211,973
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$211,973
Management and general (functional)
$8,370

Balance sheet and other

Total assets, start of year
$393,183
Total assets, end of year
$416,520
Total liabilities, end of year
$0
Net assets, end of year
$416,520
Gross receipts
$350,982
Employees
0
Volunteers
7
Year formed
2016
State of legal domicile
CO

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MALCOLM JOHNSONCHAIRMAN
Trustee or director
1$0
STEVE FERREROVICE CHAIRMAN
Trustee or director
1$0
BEN GREIVINGSECRETARY
Trustee or director
1$0
COLLEEN KNOLLTREASURER
Trustee or director
1$0
CHRIS MYKLEBUSTDIRECTOR
Trustee or director
1$0
BEN METZGERDIRECTOR
Trustee or director
1$0
LAURA BLACKDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
MALCOLM JOHNSONCHAIRMAN
Trustee or director
1$0
STEVE FERREROVICE CHAIRMAN
Trustee or director
1$0
BEN GREIVINGSECRETARY
Trustee or director
1$0
COLLEEN KNOLLTREASURER
Trustee or director
1$0
CHRIS MYKLEBUSTDIRECTOR
Trustee or director
1$0
BEN METZGERDIRECTOR
Trustee or director
1$0
LAURA BLACKDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
9990 PARK MEADOWS DR, LONE TREE, CO 80124-6739
Mailing address (990-N for 2016)
9990 Park Meadows Dr, Lone Tree CO 80124
Principal officer (990 for 2024)
MALCOLM JOHNSON, 9990 PARK MEADOWS DRIVE, LONE TREE, CO 80124
Principal officer (990-N for 2016)
Steve Ferrero, 9990 Park Meadows Dr, Lone Tree CO 80124
Signed the 990
MALCOLM JOHNSON, CHAIRMAN
Phone
(877) 829-5500
Return prepared by
JONES MERTSCHING CPAS PC

Mission

CANVAS FOUNDATION'S MISSION IS TO SHARE OUR HEARTS WITH OUR COMMUNITIES THROUGH A FOCUS ON SCHOOLS, FAMILIES, MILITARY, AND FIRST RESPONDERS. OUR GOAL IS TO SUPPORT AND NURTURE THESE CRITICAL AREAS IN ORDER TO MAKE A LASTING FOOTPRINT IN OUR COMMUNITIES. CONT ON SCH O.THE FOUNDATION WILL OFFER SCHOLARSHIPS TO STUDENTS TO HELP THEM FURTHER THEIR EDUCATION AND COMMUNITY GRANTS TO LOCAL SCHOOLS AND NON-PROFIT ORGANIZATIONS WHO HAVE DEMONSTRATED CHARACTER, LEADERSHIP AND ETHICAL VALUES. THE FOUNDATION WILL ALSO PROVIDE OTHER CHARITABLE ACTIVITIES AND PROGRAMS THAT REFLECT THE INTERESTS OF THE COMMUNITIES WE SERVE. THESE FUNDS ARE INTENDED TO CREATE LONG-TERM RELATIONSHIPS BETWEEN CANVAS FOUNDATION AND THE RECIPIENTS, WHO WE HOPE WILL CONTINUE TO HELP US CONTINUE TO PROMOTE OUR FOCUS ON SCHOOLS, FAMILIES, MILITARY, AND FIRST RESPONDERS IN OUR SURROUNDING COMMUNITIES.

990 for the year ended December 31, 2024

Program accomplishments

  • DONATIONS TO SUPPORT OUR PILLARS OF SCHOOLS, FAMILY, MILITARY AND FIRST RESPONDERS.
    Expenses $158,473 · grants $158,473
  • SCHOLARHIPS TO SUPPORT HIGHER EDUCATION FOR STUDENTS
    Expenses $53,500 · grants $53,500

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
81-1755475
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$416,520
Income (IRS master file)
$350,982

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$260,044$220,343$416,520XML
990December 2023$226,442$189,155$393,183XML
990December 2022$297,111$260,412$339,532IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS
990-N for 2016
Officer: Steve Ferrero
December 31, 2016≤ $50,000 receipts––e-Postcard

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 81-1755475).

Questions about CANVAS FOUNDATION

What is the EIN of CANVAS FOUNDATION?
The employer identification number (EIN) of CANVAS FOUNDATION is 81-1755475.
Is CANVAS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to CANVAS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CANVAS FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CANVAS FOUNDATION 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 CANVAS FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CANVAS FOUNDATION?
The 990 for the year ended December 31, 2024 names MALCOLM JOHNSON.
Who are the officers and directors of CANVAS FOUNDATION?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does CANVAS FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $260,044, expenses of $220,343 and total assets of $416,520 at year end.

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