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Colorado · Nonprofit

CANVAS FOUNDATION

CANVAS FOUNDATION (Colorado) receives grants from 4 organizations whose IRS filings report $24,150 to it, the largest being TRUWEST CREDIT UNION ($12,500). 1 of them have funded it in more than one year.

Revenue FY2024
$260k
Funders on record
4
Grants received
$24k
Net assets
$417k
1/4 repeat funderspeak grant-dependency 8%
01What it does

What Canvas Foundation does

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.

As stated on its FY2024 Form 990.

Programs

  1. Donations to support our pillars of schools, family, military and first responders.

    $158,473 spentof which $158,473 as grants
    75% of program spending
  2. Scholarhips to support higher education for students

    $53,500 spentof which $53,500 as grants
    25% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $211,973.

02The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20182018 Revenue 100 ($115k) Expenses 100 ($15k) Net assets 100 ($107k)2019 Revenue 164 ($188k) Expenses 379 ($59k) Net assets 222 ($237k)2020 Revenue 121 ($139k) Expenses 809 ($125k) Net assets 235 ($251k)2021 Revenue 199 ($229k) Expenses 1146 ($177k) Net assets 283 ($303k)2022 Revenue 258 ($297k) Expenses 1685 ($260k) Net assets 318 ($340k)2023 Revenue 197 ($226k) Expenses 1224 ($189k) Net assets 353 ($377k)2024 Revenue 226 ($260k) Expenses 1426 ($220k) Net assets 390 ($417k)
2018201920202021202220232024
Revenue (226)Expenses (1426)Net assets (390)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $107k to $237k (+122%).

$107k
$237k
$251k
$303k
$340k
$393k
$417k
2018201920202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

113% of CANVAS FOUNDATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (87% for the typical peer).

This organization
Typical peer · 7,844 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 7 reported years ran a deficit.

$100k
’18
$130k
’19
$14k
’20
$52k
’21
$37k
’22
$37k
’23
$40k
’24
23
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Malcolm Johnson

Chairman

As listed on its FY2024 Form 990.

2021202220232024
Listed7777
Joined·+1+0+0
No longer listed·100
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Left out of every figure on this page: $584k from one payer (the payer shares this organization's board, largest Canvas Credit Union). These are real filings, and they are not money CANVAS FOUNDATION raised.

From the IRS filings of CANVAS FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

CANVAS FOUNDATION leans on a few funders — its largest provides 52% of grant income and the top three 99%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

52% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CANVAS FOUNDATION.

52%
largest funder
99%
top three
~2
effective funders

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

CANVAS FOUNDATION draws 94% of its grant income from funders outside Colorado, across 4 states in all.

MN
CA
CO
AZ

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

CANVAS FOUNDATION holds deeper cash reserves than three-quarters of the 7,127 philanthropy nonprofits its size.

Operating margin15% · above the median
Months of reserve22.7mo · top quartile
Revenue growth (annualized)15% · above the median

this organization peer median middle 50% of peers· 7,127 philanthropy nonprofits $100k–$1M, FY2024

Organizations like CANVAS FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Colorado

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

96% of spending goes to programs.

Program 96%Management 4%Fundraising 0%

Governance

7
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990–Audited financials

Public support

58%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 1 related entity

  • Canvas Credit Union · exempt

Screen this organization

A dated, signed PDF of the compliance screen for CANVAS FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CANVAS FOUNDATION?
CANVAS FOUNDATION (Colorado) receives grants from 4 organizations whose IRS filings report $24,150 to it, the largest being TRUWEST CREDIT UNION ($12,500). 1 of them have funded it in more than one year.
How many funders does CANVAS FOUNDATION have?
IRS filings report 4 organizations giving $24,150 in grants to CANVAS FOUNDATION, 1 of which have funded it in more than one year.
Who is the largest funder of CANVAS FOUNDATION?
TRUWEST CREDIT UNION is the largest funder on record, with $12,500 in grants. The full list of funders is on this page.
How can an organization like CANVAS FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Colorado. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing