Colorado Springs Utilities Foundation
To operate exclusively for public, charitable, or educational purposes to benefit the Colorado springs utilities community and the communities that are significantly affected by operations of Colorado springs utilities.
Colorado Springs Utilities Foundation at a glance
In short: Colorado Springs Utilities Foundation gave $1.8M across 1 grant in 2024 (avg $1.8M), mostly in Colorado. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $1,762,905
- +51.5% vs 2023
- Grants made (2024)
- 1
- -83.3% vs 2023
- Average grant
- $1,762,905
- +808.8% vs 2023
- Median grant
- $1,762,905
- Total assets
- $2,983,929
- -12.4% vs 2023
- Primary geography
- Colorado (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Colorado Springs Utilities Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Colorado Springs Utilities ($1.8M).
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 5 grants of 10 (50%).
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 Colorado Springs Utilities Foundation gives
- Giving grew 54% from 2021 to 2024. Method
From the foundation's IRS Form 990 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 $410K (2022) to $1.8M (2024). In 2024 it made 1 grant totaling $1.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Colorado Springs Utilities Colorado Springs, CO | Bill assistance for utilities customers. | $1,762,905 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $2,983,929 | $1,570,823 | $1,989,800 | $1,762,905 | 1 | $77,417 |
| 2023 | $3,407,422 | $1,095,981 | $1,174,111 | $1,163,907 | 6 | $77,450 |
| 2022 | $3,477,939 | $1,186,701 | $455,020 | $410,106 | 1 | $16,974 |
| 2021 | $2,751,625 | $1,147,424 | $1,156,595 | $1,145,281 | 1 | $409 |
| 2020 | $2,757,532 | $1,248,291 | $578,960 | $566,934 | 1 | $5,750 |
About Colorado Springs Utilities Foundation
Based on IRS filings
Colorado Springs Utilities Foundation is a public charity focused on religion, based in Colorado Springs, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 1 grant totaling $1.8M. Net investment income was $77K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Colorado Springs Utilities Foundation is led by Mike Francolino, President since 2022 (on filings since 2021); none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mike Francolino
President
Director → President, 2022
On filings since 2021
No compensation reported
Renee Adams
Director
On filings since 2022
No compensation reported
Lisa Barbato
Director
On filings since 2023
No compensation reported
Tristan Gearhart
Treasurer
Director → Treasurer, 2021
On filings since 2020
No compensation reported
Natalie Lovell
Secretary
On filings since 2022
No compensation reported
Former officers (7)
- Former: Travas Deal (2020–2023) — Director
- Former: Melissa Noble (2020–2022) — Former President
- Former: Rob Osborn (2021–2022) — Former Secretary
- Former: Mallorie Hansen (2022) — Secretary
- Former: C Susan Presti (2020–2021) — Former Secretary
- Former: Scott Shewey (2020–2021) — Former Treasurer
- Former: Eric Tharp (2020) — 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 Colorado Springs Utilities Foundation
How much does Colorado Springs Utilities Foundation give each year?
Colorado Springs Utilities Foundation gave $1.8M across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.2M across 6 grants.
How large is Colorado Springs Utilities Foundation?
Colorado Springs Utilities Foundation reported $3.0M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.6M.
What is Colorado Springs Utilities Foundation?
Colorado Springs Utilities Foundation is a public charity focused on religion, based in Colorado Springs, CO. It holds $3.0M in total assets as of 2024.
Where does Colorado Springs Utilities Foundation operate?
Colorado Springs Utilities Foundation has awarded grants in Colorado.
What is Colorado Springs Utilities Foundation's EIN?
Colorado Springs Utilities Foundation's EIN (Employer Identification Number) is 20-8643063. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 20, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 8, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 10, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Colorado Springs Utilities Foundation's focus areas in our free grants database
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Colorado Springs Utilities Foundation down — hundreds of funders to go?