Colarelli Family Foundation
Colarelli Family Foundation is a private foundation, based in Colorado Springs, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $399K in total assets. In 2024, it awarded 1 grant totaling $21K. Net investment income was $27K.
Colarelli Family Foundation at a glance
In short: Colarelli Family Foundation gave $21K across 1 grant in 2024 (avg $21K), mostly in Colorado. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $20,846
- -3.1% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $20,846
- -3.1% vs 2023
- Median grant
- $20,846
- Total assets
- $399,215
- +1.5% vs 2023
- Primary geography
- Colorado (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Colarelli Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Fostering Hope Foundation ($21K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Colarelli Family Foundation gives
- In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $20K (2020) to $43K (2022). In 2024 it made 1 grant totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fostering Hope Foundation Colorado Springs, CO | To support foster families by organizing church based support teams | $20,846 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $399,215 | $32,227 | $26,159 | $20,846 | 1 | $20,846 | $26,914 | $21,820 |
| 2023 | $393,146 | $4,404 | $25,883 | $21,507 | 1 | $21,507 | $12,219 | $20,846 |
| 2022 | $414,625 | $38,474 | $48,028 | $43,491 | 1 | $23,467 | $33,937 | $21,507 |
| 2021 | $424,179 | $28,840 | $6,638 | — | — | — | $24,202 | $23,467 |
| 2020 | $401,977 | $54,994 | $24,615 | $20,356 | 1 | — | $50,735 | $20,024 |
Under IRS private-foundation payout rules, Colarelli Family Foundation reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Colarelli Family Foundation is led by Nick Colarelli III, Director & President since 2024 (on filings since 2020); none of the 10 officers listed in 2024 report compensation.
Officers on the 2024 filing
Nick Colarelli III
Director & President
Director → Director & President, 2024
On filings since 2020
No compensation reported
Angela Colarelli Carron
Director
Director → Vice President & Director, 2022
Vice President & Director → Director, 2024
On filings since 2020
No compensation reported
Chris Beatty
Director
On filings since 2020
No compensation reported
David Carron
Director
On filings since 2020
No compensation reported
Gina Colarelli O'Connor
Director
Director → President & Director, 2022
President & Director → Director, 2024
On filings since 2020
No compensation reported
Janet Colarelli
Director & Secretary
Director → Director & Secretary, 2024
On filings since 2020
No compensation reported
Karen Colarelli
Director
On filings since 2020
No compensation reported
Katy Colarelli Beatty
Director
Director → Secretary & Director, 2022
Secretary & Director → Director, 2024
On filings since 2020
No compensation reported
Patrick O'Connor
Director & Treasurer
Director → Director & Treasurer, 2024
On filings since 2020
No compensation reported
Vincent Colarelli
Director
Director → Treasurer & Director, 2022
Treasurer & Director → Director, 2024
On filings since 2020
No compensation reported
Former officers (2)
- Former: Daniel P. O'Connor (2020–2023) — Director
- Former: Nick J. Colarelli (2020–2021) — President & Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Colarelli Family Foundation
How much does Colarelli Family Foundation give each year?
Colarelli Family Foundation gave $21K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $22K across 1 grant.
How large is Colarelli Family Foundation?
Colarelli Family Foundation reported $399K in total assets on its 2024 IRS Form 990-PF. It paid out $21K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Colarelli Family Foundation operate?
Colarelli Family Foundation has awarded grants in Colorado.
What is Colarelli Family Foundation's EIN?
Colarelli Family Foundation's EIN (Employer Identification Number) is 43-1823556. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 5, 2025)
- IRS filings on file for fiscal years 2020–2024
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