Norris Penrose Legacy Foundation logo

Norris Penrose Legacy Foundation

Public charity · Grantmaker Colorado Springs, CO EIN: 86-3390659 Website

To acquire and continue the operation, maintenance, and capital improvements of norris penrose event center (NPEC), so as to continue the lessening of the burden of any local government to financially support the community events held at NPEC.

Key facts about Norris Penrose Legacy Foundation

In short: Norris Penrose Legacy Foundation gave $106K across 7 grants in 2025 (avg $15K), mostly in Colorado. Source: 2025 IRS Form 990.

EIN
86-3390659
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$106,000
Grants made (2025)
7
Average grant
$15,143
Median grant
$15,000
Total assets
$7,146,787
Primary geography
Colorado (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$7.1M

-3.2% YoY

Annual Giving

$106K

-97.2% YoY

Grant Count

7

+250.0% YoY

Avg Grant Size

$15K

-99.2% YoY

About Norris Penrose Legacy Foundation

Based on IRS filings

Norris Penrose Legacy Foundation is a public charity focused on Recreation & Sports, based in Colorado Springs, CO. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $7.1M in total assets. In 2025, it awarded 7 grants totaling $106K. Net investment income was $6K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 7 itemized grants.

States

Cities

Colorado SpringsDenverMonument

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M$4M0 grants2023 2 grants2024 7 grants2025

From 2024 to 2025, annual grant giving ranged from $106K (2025) to $3.8M (2024). In 2025 it made 7 grants totaling $106K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2025

University of Colorado Foundation: $25KUniversity of ColoradoFoundation$25KProject Angel Heart: $20KProject Angel Heart$20KSisters Hope: $15KSisters Hope$15KUc Health Memorial Hospital Foundation: $15KUc Health Memorial HospitalFoundation$15KCatholic Health Initiatives Colorado Foundation: $15KCatholic Health InitiativesColorado Foundation$15KPeak Vista Community Health Center: $10KPeak Vista Community HealthCenter$10KPikes Peak or Bust Rodeo Foundation: $6KPikes Peak or Bust RodeoFoundation$6K

The largest 2025 recipient was University of Colorado Foundation ($25K). Together the top 7 received $106K.

Grant Size Distribution

9 grants across all recorded years

7<$50K1$50–100K$100–250K$250–500K$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 7 grants of 9 (78%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Colorado Foundation Denver, COSupport for Patients$25,000
Project Angel Heart Denver, COSupport for Patients$20,000
Sisters Hope Monument, COSupport for Breast Cancer Patients$15,000
Uc Health Memorial Hospital Foundation Colorado Springs, COSupport Research to Benefit Patients$15,000
Catholic Health Initiatives Colorado Foundation Colorado Springs, COSupport for Patients$15,000
Peak Vista Community Health Center Colorado Springs, COSupport for Patients$10,000
Pikes Peak or Bust Rodeo Foundation Colorado Springs, COTransfer of Liabilities Under New Operations$6,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$2.5M$5M$7.5M$10M2023 2024 2025
Metric202520242023
Total Assets$7,146,787$7,381,121$94,433
Revenue$1,808,876$7,915,633$100,299
Expenses$1,759,258$5,299,022$82,657
Net Investment Income$6,068$6,925—

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2024 (received by the IRS December 17, 2024)
  2. Updated Form 990 for fiscal year 2025 (received by the IRS December 12, 2025)
  3. IRS filings on file for fiscal years 2023–2025

Leadership & Key People

Officers and directors from IRS filings

Norris Penrose Legacy Foundation is led by Mike Jorgensen, President on every filing since 2023; 1 of 18 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Mike Jorgensen

    President

    On filings since 2023

    1 hr/week

    No compensation reported

  • Bobby Norris

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Gary Markle

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Jerry Biggs

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Kevin Chilton

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Matt Grage

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Mike McCoy

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Scott Bryan

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Bill Tutt

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Carole Sondrup

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Catherine Steele

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • George Taylor

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Jeff Renehan

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Thayer Tutt

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Kyle Park

    General Manager

    On filings since 2023

    30 hrs/week

    $159K (2024) → $160K (2025)

  • Ralph Braden

    Secretary

    On filings since 2023

    1 hr/week

    No compensation reported

  • Rich Bender

    Vice President

    On filings since 2023

    1 hr/week

    No compensation reported

  • Rick Powell

    Treasurer

    On filings since 2023

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2023–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Kyle Park — General Manager: $160KKyle ParkGeneral Manager$160K

The highest reported compensation on the 2025 filing was $160K, to Kyle Park (General Manager).

Frequently asked questions about Norris Penrose Legacy Foundation

How much does Norris Penrose Legacy Foundation give each year?

Norris Penrose Legacy Foundation gave $106K across 7 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $3.8M across 2 grants.

What is Norris Penrose Legacy Foundation's typical grant size?

Norris Penrose Legacy Foundation's median grant in 2025 was $15,000, and its average grant was $15,143, across 7 grants on its 2025 IRS Form 990.

Where does Norris Penrose Legacy Foundation give grants?

Norris Penrose Legacy Foundation gives mostly in Colorado: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Colorado Springs, CO (4 grants) and Denver, CO (2 grants).

Does Norris Penrose Legacy Foundation give general operating support?

Not in 2025: none of the 7 grants with a stated purpose on Norris Penrose Legacy Foundation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Support for Patients" (4 grants).

Who are Norris Penrose Legacy Foundation's largest grantees?

Norris Penrose Legacy Foundation's largest 2025 grantees include University of Colorado Foundation ($25,000), Project Angel Heart ($20,000) and Sisters Hope ($15,000), according to its 2025 IRS Form 990. Together they received 57% of its itemized 2025 grant dollars.

How large is Norris Penrose Legacy Foundation?

Norris Penrose Legacy Foundation reported $7.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.8M.

What is Norris Penrose Legacy Foundation?

Norris Penrose Legacy Foundation is a public charity focused on Recreation & Sports, based in Colorado Springs, CO. It holds $7.1M in total assets as of 2025.

What is Norris Penrose Legacy Foundation's EIN?

Norris Penrose Legacy Foundation's EIN (Employer Identification Number) is 86-3390659. IRS Form 990 filing data is available on this page for 2023–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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