Return to flip book view

Annual Report 2017

Page 1

!!!ANNUAL!REPORT!!2017 Mailing!Address:!100!Fillmore!Street,!5th!Floor!Denver,!CO!80206!!Phone:!303.832.3 200!Fax:!303.832.4176!www.kennethkingfoundation.org!!

Page 2

CONTENTS !! ! ! ! ! ! ! ! ! ! ! ! 1!Table!of!Contents!!""#$%&'())(*&+*,-&).(&/,$*0&1.$2*&3&4*(520(")&6666666666666666666666666666666666666666666666666666666666666666666666666666&7!789:&;(<("#(&$"0&(=>("5(5&?@$5.&A$525B666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666&C!/,$*0&,+&D2*(@),*5&3&E(F&G)$++&66666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666&H!I*$ ")5&$"0&4* ,J*$-&;(%$)(0&K"<(5)-(")5&?4;KB&A F&4*,J*$-&!*($&66666666666666666666666666666666 666666666666&L!1,")$@)&K"+,*-$)2,"&666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666&98!!&&&

Page 3

KENNETH KING FOUNDATION !!!!!!!!!!!!!!!!!!!!!!!! ! ! ! ! ! ! ! ! ! ! 2!ANNUAL LETTER FROM THE BOARD CHAIR & PRESIDENT Dear!Friends!of!the!Kenneth!King!Foundation:!Enclosed!please!find!the!2017!Kenneth!King!Foundation!Annual!Report.!In!2017,!the!Kenneth!King!Foundation!made!$1,186,434!in!grants!and!program-related!investments!to!Colorado-based!organizations.!Our!funding!continued!to!focus!on!the!positive!momentum!employment!and!access!to!entrepreneurship!provides!individuals!and!families.!Whether!we!are!investing!in!programs!that!create!job!opportunities!for!a t-risk!populations,!technical!assistance!and!capital!alongside!pathways!to!entrepreneurship!or!helping!remove!barriers!to!employment,!we!believe!the!journey!to!self-suf ficiency!begins!and!improves!with!meaningful!work.!And,!by!removing!obstacles!to!employment!and!entrepreneurship!for!at-risk!populations,! w e!believe!we!are!making!a!significant!improvement!in!the!lives!of!thousands!of!Coloradans.!!In!2018,!the!Foundation!continues!to!explore!different!grants!and!impact!investments!to!strengthen!entrepreneurs!and!individuals!in!need,!both!in!rural!and!urban!Colorado.! We! encourage!or g anizations!interested!in!exploring!grants!and!investments!to!contact!us,!either!by!phone,!303-832-3200!or!by!visiting!our!web!site!to!submit!an!inquiry!for!consideration.!!Thank!you!for!your!continued!commitment!to!improving!the!lives!of!Coloradans.!!We!are!honored!to!be!a!small!part!of!it.!!Tim!Welker!!!!!!!!!!!!!!!!Janice!Fritsch!Board!Chair!!!!!!!!!!!!!!!!Pre sident!! !

Page 4

KENNETH KING FOUNDATION !!!!!!!!!!!!!!!!!!!!!!!! ! ! ! ! ! ! ! ! ! ! 3!!!2017 REVENUE AND EXPENSES (CASH BASIS) ;(<("#(5M&&K")(*(5)&$"0&02<20("05&N&9OP9HOQPR&S()&*($%2T(0&J$2"&,"&5$%(&,+&2"<(5)-(")5&&9PRO9L7&U).(*&K"@,-(&&&9C7OP8P&& && V,)$%&*(<("#(5 &&&9OR9POP7:&I*$ ")5&>$20&&Q9ROLCC&U).(*&J*$")&(=>("5(5&&99ROPQH&!0-2"25)*$)2<(&(=>("5(5&&7R7OC7R&K"<(5)-(")&$"0&,).(*&(=>("5(5&&7R:O:PH&W=@25(&)$=&(=>("5(&&C8OCLP&&& V,)$%&(=>("5(5&&&&9OLLROPPP&2017 BALANCE SHEET (CASH BASIS) !55()5M&&S()&!55()5M&!!!The!Foundation’s!financial!statements!are!audited!by!Kundinger ,!Corder!&!Engle,!P.C.!W=>("5(5M&!1.$"J(&2"&"()&$55()5&N&CLPORP9&1$5.&$"0&-,"(F&-$*X()&N&97OLH:&1,--,"&5),@X&$)&+$2*&-$*X()&< $%#(&&LCOP:QO8Q8&4*,J*$-&*(%$)(0&2"<(5)-(")5&&PHHO8RH&& V,)$%&@$5.&$"0&2"<(5)-(")5&&LHOCCHO:79&'($5(&0(>,52)5&&POHCQ&& V,)$%&$55()5&N&LHOCH9O9LR&Y"*(5)*2@)(0&"()&$55()5&$)&+$2*&-$*X()&<$%#(&N&LHOCH9O9LR&& V,)$%&"()&$ 55()5&N&LHOCH9O9LR&

Page 5

KENNETH KING FOUNDATION !! ! ! ! ! ! ! ! ! ! ! ! 4!BOARD OF DIRECTORS & KEY STAFF !T.E.!Wel ker,!Board!Chair!Matthew!R.!Banner,!III,!Director!Stacey!Hekkert,!Director!John!Love,!Treasurer/Director!Jared!Minor,!Director!Janice!K.!Fritsch,!President!!GRANTMAKING AND IMPACT INVESTMENT GUIDELINES !The!Kenneth!King!Foundation!accepts!grant!applications!by!invitation!only.!Invitations!to!apply!fo r!a!grants!or!impact!inves tments!are!sent!to!mission-aligned!organizations!throughout!the!year,!generally!no!later!than!60!days!before!the!grant!proposal!deadlin e.!The!Foundation!has!instituted!two!grant!deadlines!to!apply!for !funding:!March!1!–!Basic!Human!Needs!that!remove!barriers!to!employment!September!1!–!Entrepreneurship!Programs!and!Jobs!Programs!Impact!investment!inquiries!are!reviewed!throughout!the!year,!on!a!rolling!basis.!!For!organizations!interested!in!applying,!who!have!not!received!an!invitation!to!apply,!please!submit!a!letter!of!inquiry!alongside!year-to -date!financial!statements!(state!of!income!and!balance!sheet).!The!Foundation!will!notify!these!organizations!if!they!are!eligible!to!apply!for!funding!for!their!respective!program!area.!Specific!information!on!how!to!apply!can!be!found!at!www.kennethkingfoundation.org.!

Page 6

KENNETH KING FOUNDATION !! ! ! ! ! ! ! ! ! ! ! ! 5!GRANTS AND PROGRAM RELATED INVESTMENTS (PRI) BY PROGRAM AREA !ARTS, CULTURE, THE HUMANITIES AND SCIENCES !Alamosa!Live!Music!Association! ! $5,000!Broomfield!Council!Arts!&!Humanities!!!!!!!$2,500!Cheyenne!Mtn.!Public!Broadcast!House!!!!!!$5,000!!Colorado!College!Summer!Music!Festival!! $5,000!Colorado!Springs!Philharmonic!Orchestra!$5,000!Colorado!Symphony!Assoc.! ! ! $5,000!Denver!Lyric!Opera!Guild! ! ! $10,000!Denver!Museum!of!Nature!&!Science! !$5,000!Denver!Zool ogical!Foundation! !!!!!!!!!!!!!$27,500!Gunn iso n!Council!for!the!Arts! !!!!!!!!!!!!!$8,500!Jefferson !Symphony!Assoc.! ! ! $5,000!Phamaly!! ! ! ! ! $5,000!Steamboat!Springs!Arts!Council! !!!!!!!!!!!!!$5,000!Swal low!Hill!Music!Assoc.! ! !!! $5,000!V,)$%&!*)5O&1#%)#*(O&$"0&).(&Z#-$"2)2(5&[#"02 "J\&Q]&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&NRQOL88&!

Page 7

KENNETH KING FOUNDATION !! ! ! ! ! ! ! ! ! ! ! ! 6!BASIC HUMAN NEEDS !Attention,!Inc.!! ! ! ! $10,000!Boulder!Shelter!for!the!Homeless! !!!!!!!!! $5,000!Boulder!County!AIDS!Project! !!!!!!!!!!!!!!$5,000!Capitol!Hill!Community!Services! !!!!!!!!!!!! $56,000!Celebrate!Autism! ! ! !!!!!!!!!!! !$5,000!Colorado!Homeless!Families! !!!!!!!!!!!! $5,000!Colorado!Lions!KidSight!Program! ! $10,000!Community!Resource!Center! !!!!!!!!!!!!!!$5,000!Delores!Project! !!!!!! ! ! $10,000!Denver!Food!Rescue! ! ! !!!!!!!!!!!! $10,000!Denv er!Homeless!Voice! !!!!!!!!!!!!!!!!!!!!!!!!! $5,000!Denv er!Lions!Foundation! ! !!!!!!!!!!! $10,000!Eagle!Val ley!Religious!Foundation! !!!!!!!!!!! $10,000!Firs t!Baptist!Church!of!Denver! !!!!!!!! $17,532!Firs t!Descents! ! ! ! $5,000!!!Gathering!Place! ! ! ! $10,000!Haven!House!of!Montrose! ! ! $5,000!Hands!of!the!Carpenter! ! ! $5,000!Heart!of!Boardwalk/CHARG!! ! $5,000!Jeffco!Action!Center! ! ! !! $5,000!Karis !Community! ! ! !! $5,000!!Kidpower!of!Colorado! ! ! $5,000!La!Puente!Home! ! ! !!!!!!!!!!!$15,000!

Page 8

KENNETH KING FOUNDATION !! ! ! ! ! ! ! ! ! ! ! ! 7!(Basic!Human!Needs!Funding!–!Contd.)!Metro!Caring! ! ! ! !!!!!!!!!!!$10,000!Mile!High!Workshop!! ! ! $10,000!Mt.!Carmel!Center!of!Excellence! ! $10,000!OUR!Center! ! ! ! ! $5,000!Partners!in!Housing!!! ! ! $5,000!Project!Self!Sufficiency!! ! ! $10,000!Rocky!Mountain!MS!Center! ! ! $10,000!San!Luis !Valley!Local!Foods!Coalition! $10,000!St.!Francis!Center! ! ! ! $10,000!Warren!Village! ! ! ! $7,500!Women’s!Bean!Project! ! ! $10,000!WINGS!Foundation! ! ! ! $10,000!V,)$%&Z#-$"&G(*<2@(5&[#"02"J&\&7Q]&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&NCC9O8C7&!

Page 9

KENNETH KING FOUNDATION !! ! ! ! ! ! ! ! ! ! ! ! 8!JOBS AND ENTREPRENEURSHIP Adams!State!University!Foundation!!!!!!!!!!!!! $25,000!Bayaud!Ent erprises! ! ! ! $20,000!Blue!Star!Recyclers! ! ! ! $15,000!Bridge!House!! ! ! ! $10,000!Colorado!Lending!Source!(PRI)! ! $266,901!Emily!Griffith!Foundation! ! ! $25,000!Focus!Points!Family!Resource!Center! $5,000!Girls!Inc.! ! ! ! ! $10,000!Goodwill!Industries!of!Denver! ! $75,000!Impact!Finance!Days!! ! ! $5,000!Jr.!Achievement-!Rocky!Mountain! ! $10,000!Knotty!Tie!(PRI)! ! ! ! $50,000!Mi!Casa! ! ! ! ! $25,000!PCs!for!People! ! ! ! $15,000!Probate!Power!(PRI)!! ! ! $50,000!REACH!Pikes!Peak! ! ! ! $5,000!Rocky!Mountain!MicroFinance!Institute! $25,000!SW!Colorado!Accelerator!Program! ! $5,000!Spring!Institute! ! ! ! $10,000!Springs!Rescue!Mission! ! ! $10,000!Technical!College!of!the!Rockies!!!!!!!! $10,000!Urban!Coopera tive!Center! ! ! $15,000!!

Page 10

KENNETH KING FOUNDATION !! ! ! ! ! ! ! ! ! ! ! ! 9!(Jobs!&!Entrepreneurship!Funding!Contd.)!Wes tern!State!College!University!!Foundation!! ! ! ! $10,000!Work!Options!for!Women! ! ! $10,000!V,)$%&^,A5&3&W")*(>*("(#*5.2>&[#"02"J\&P8]&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&N:8POR89&EDUCATION Green!&!Gold!Foundation! ! ! $5,000!Prairie!Family!Center! ! ! $5,000!Sigma!Chi!Fo undation! ! ! $10,000!St.!Elizabeth’s!School!! ! ! $10,000!!Willi am!Roberts!Scho o l !E-8! ! ! $20,000!V,)$%&W0#@$)2,"&[#"02"J\&H]&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&NL8O888&Total Grant Funding $819,532 Total Program Related Investments $366,901 Total Charitable Investments $1,186,433

Page 11

KENNETH KING FOUNDATION !! ! ! ! ! ! ! ! ! ! ! ! 10!CONTACT INFORMATION !Mailing!Address:!Kenneth!King!Foundation!100!Fillmore!S treet,!5th!Floor!!Denver,!CO!80206 !Phone:!303.832.3200!Fax:!303.328.2322!www.kennethkingfoundati o n.org!!info@kennethkingfoundation.org!