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Nonprofiteer
← CCU ENDOWMENT FOUNDATION

Form 990 for tax year 2023

Filed by CCU ENDOWMENT FOUNDATION.

Totals

Total revenue
$1,589,325
Total expenses
$297,193
Contributions and grants received
$1,562,849
Grants paid
$286,688
Program service revenue
$0
Investment income
$26,476
Other revenue
$0
Total assets, end of year
$11,770,716
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,770,716
Program services expenses (Part IX)
$291,721
Management and general expenses
$5,472
Fundraising expenses
$0
Program service expenses (Part III)
$291,721

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,562,849

  • 1g · Noncash contributions included above

    $18,418

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $54,194 · excluded $54,194

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $35,318

  • 7b · Less cost or other basis and sales expenses

    securities $63,036

  • 7c · Gain or loss

    securities -$27,718 · other assets $0

  • 7d · Net gain or loss

    total -$27,718 · excluded -$27,718

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $286,688 · program services $286,688

  • 7 · Other salaries and wages

    total $4,287 · program services $4,287

  • 9 · Other employee benefits

    total $746 · program services $746

  • 11f · Fees: investment management

    total $5,472 · management and general $5,472

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $8,834,650 · end of year $11,003,774

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $211,300 · end of year $766,942

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $381,156 · end of year $3,384,302

  • 28 · Net assets with donor restrictions

    beginning of year $8,664,794 · end of year $8,386,414

Mission and programs · 2023

Mission

TO PROVIDE SUPPORT TO COLORADO CHRISTIAN UNIVERSITY, AN EXEMPT SCHOOL DESCRIBED IN INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(II).

Activities or mission (Part I)

TO PROVIDE SUPPORT TO COLORADO CHRISTIAN UNIVERSITY, AN EXEMPT SCHOOL DESCRIBED IN INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(II)

  • CCU ENDOWMENT FOUNDATION SUPPORTS COLORADO CHRISTIAN UNIVERSITY (CCU), A RELIGIOUS INSTITUTION, AS IT CULTIVATES KNOWLEDGE AND LOVE OF GOD IN A CHRIST-CENTERED COMMUNITY OF LEARNERS AND SCHOLARS, WITH AN ENDURING COMMITMENT TO THE INTEGRATION OF EXEMPLARY ACADEMICS, SPIRITUAL FORMATION, AND ENGAGEMENT WITH THE WORLD.

    Expenses $291,721 · Grants $286,688

As filed on the 2023 return.

Listed in Part VII

  • Derek Hamilton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Eric Hogue

    PRESIDENT

    Total calculated
    $307,993
    From this org
    $0
    From related orgs
    $283,693
    Other
    $24,300
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,177 related
    Bonus
    $0 + $54,000 related
    Other
    $0 + $6,516 related
    Deferred
    $0 + $13,148 related
    Nontaxable benefits
    $0 + $11,152 related
    Filer's total
    $0 + $307,993 related

  • Will Armstrong

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bryan Ritz

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Harold Smethills

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rod Schlauger

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Iain Wightman

    VP OF FINANCE & TECHNOLOGY

    Total calculated
    $218,541
    From this org
    $0
    From related orgs
    $196,315
    Other
    $22,226
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,260 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $9,055 related
    Deferred
    $0 + $11,027 related
    Nontaxable benefits
    $0 + $11,199 related
    Filer's total
    $0 + $218,541 related

  • Thomas Scheffel

    CORPORATE COUNSEL/SECRETARY

    Total calculated
    $9,600
    From this org
    $0
    From related orgs
    $9,600
    Other
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
COMPENSATION OF OFFICERS AND BOARD MEMBERS: NO BOARD MEMBERS OR OFFICERS ARE COMPENSATED BY CCU ENDOWMENT FOUNDATION. THE COMPENSATION REPORTED ON FORM 990 PART VII, SECTION A, AND SCHEDULE J, PART II, IS PAID BY A RELATED ORGANIZATION, COLORADO CHRISTIAN UNIVERSITY, FOR SERVICES PERFORMED BY EMPLOYEES AND CONTRACTORS OF COLORADO CHRISTIAN UNIVERSITY (CCU) COMPENSATION FOR THE PRESIDENT/CEO OF CCU WAS DETERMINED BY THE BOARD OF CCU. IN SETTING COMPENSATION, COMPARABILITY DATA WAS GATHERED BY HR AND THEN USED BY THE BOARD OF CCU. A SALARY SURVEY STUDY AND SALARY STRUCTURE REVIEW WAS LAST PERFORMED IN MARCH 2024. THE DELIBERATIONS AND DECISIONS REGARDING PRESIDENT/CEO COMPENSATION ARE DOCUMENTED AS PART OF THE PROCESS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
4 April 2025
IRS schema version
2023v6.0
Source object
202530949349301213

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