Form 990 for tax year 2022
Filed by UNIVERSITY OF COLORADO FOUNDATION.
Totals
- Total revenue
- $444,580,366
- Total expenses
- $286,615,114
- Contributions and grants received
- $306,188,355
- Grants paid
- $222,045,447
- Program service revenue
- $7,881,766
- Investment income
- $120,063,635
- Other revenue
- $10,446,610
- Total assets, end of year
- $3,048,394,011
- Total liabilities, end of year
- $618,604,126
- Net assets or fund balances, end of year
- $2,429,789,885
- Program services expenses (Part IX)
- $222,045,447
- Management and general expenses
- $28,913,332
- Fundraising expenses
- $35,656,335
- Program service expenses (Part III)
- $222,045,447
Program services were 77.5% 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
$306,188,355
-
1g · Noncash contributions included above
$9,532,887
-
2a · Program service revenue: ADV SUPP CUSTODIAL FDS
total $7,881,766 · related or exempt $7,881,766
-
3 · Investment income
total $28,545,175 · excluded $28,545,175
-
7a · Gross sales of assets other than inventory
securities $91,518,460
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $91,518,460
-
7d · Net gain or loss
total $91,518,460 · excluded $91,518,460
-
11a · Other revenue: UBIT REVENUE
total $9,601,731 · unrelated business $9,601,731
-
11b · Other revenue: OTHER REVENUE
total $433,467 · related or exempt $433,467
-
11c · Other revenue: CU ENDOWMENT TRANSFERS
total $384,645 · related or exempt $384,645
-
11d · All other revenue
total $26,767 · related or exempt $26,767
-
11e · Other revenue, total
$10,446,610
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $222,045,447 · program services $222,045,447
-
5 · Compensation of officers, directors and key employees
total $1,333,907 · management and general $1,333,907
-
7 · Other salaries and wages
total $1,803,315 · management and general $1,803,315
-
8 · Pension plan contributions
total $79,057 · management and general $79,057
-
9 · Other employee benefits
total $199,034 · management and general $199,034
-
10 · Payroll taxes
total $196,646 · management and general $196,646
-
11b · Fees: legal
total $165,692 · management and general $165,692
-
11c · Fees: accounting
total $175,627 · management and general $175,627
-
11e · Fees: professional fundraising services
total $1,030,508 · fundraising $1,030,508
-
11f · Fees: investment management
total $22,787,691 · management and general $22,787,691
-
11g · Fees: other
total $34,827,241 · management and general $201,414 · fundraising $34,625,827
-
13 · Office expenses
total $379,187 · management and general $379,187
-
14 · Information technology
total $551,190 · management and general $551,190
-
16 · Occupancy
total $168,727 · management and general $168,727
-
17 · Travel
total $23,247 · management and general $23,247
-
19 · Conferences, conventions and meetings
total $400,080 · management and general $400,080
-
22 · Depreciation, depletion and amortization
total $71,800 · management and general $71,800
-
23 · Insurance
total $228,227 · management and general $228,227
-
24a · Other expenses: MISCELLANEOUS OPERATING
total $110,004 · management and general $110,004
-
24b · Other expenses: DUES/MEMBERSHIPS/SUBSCR
total $20,612 · management and general $20,612
-
24c · Other expenses: PROFESSIONAL DEVELOPMEN
total $17,875 · management and general $17,875
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $48,616,674 · end of year $23,507,623
-
3 · Pledges and grants receivable
beginning of year $81,094,620 · end of year $162,887,196
-
4 · Accounts receivable
beginning of year $22,649 · end of year $701,146
-
9 · Prepaid expenses and deferred charges
beginning of year $348,362 · end of year $86,785
-
10a · Land, buildings and equipment: cost or other basis
$5,563,233
-
10b · Land, buildings and equipment: accumulated depreciation
$4,434,006
-
10c · Land, buildings and equipment, net
beginning of year $1,177,774 · end of year $1,129,227
-
11 · Investments: publicly traded securities
beginning of year $423,207,176 · end of year $582,597,537
-
12 · Investments: other securities
beginning of year $2,218,828,189 · end of year $2,234,136,553
-
15 · Other assets
beginning of year $50,323,072 · end of year $43,347,944
-
17 · Accounts payable and accrued expenses
beginning of year $7,380,756 · end of year $10,716,227
-
19 · Deferred revenue
beginning of year $261,551 · end of year $227,289
-
21 · Escrow or custodial account liability
beginning of year $575,494,252 · end of year $588,228,246
-
25 · Other liabilities
beginning of year $23,215,391 · end of year $19,432,364
-
27 · Net assets without donor restrictions
beginning of year $52,304,822 · end of year $51,550,496
-
28 · Net assets with donor restrictions
beginning of year $2,164,961,744 · end of year $2,378,239,389
Mission and programs · 2022
Mission
THE FOUNDATION RECEIVES, MANAGES AND PRUDENTLY INVESTS PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO AND SUPPORTS THE UNIVERSITY'S PHILANTHROPIC ENDEAVORS THROUGH DONOR STEWARDSHIP.
Activities or mission (Part I)
THE FOUNDATION RECEIVES, MANAGES & PRUDENTLY INVESTS PRIVATE SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF COLORADO.
-
SEE SCHEDULE O.UNIVERSITY OF COLORADO FOUNDATION'S CHARITABLE MISSION IS TO RECEIVE AND MANAGE PRIVATE GIFTS TO BENEFIT THE UNIVERSITY OF COLORADO. IN ACCORDANCE WITH THIS MISSION, THE FOUNDATION RECEIPTED $306,188,355 IN DIRECT PUBLIC SUPPORT OF THE UNIVERSITY FOR THE FISCAL YEAR ENDED JUNE 30, 2023. IN ADDITION, AS OF JUNE 30, 2023 THE FOUNDATION INVESTED, ACCOUNTED FOR, AND MANAGED $2,816,734,090 IN NET ASSETS FOR THE BENEFIT OF THE UNIVERSITY. THE FOUNDATION DIRECTLY APPLIED AND DISTRIBUTED MONIES TO UNIVERSITY OF COLORADO IN THE AMOUNT OF $222,045,450. THESE APPLIED AND DISTRIBUTED MONIES WERE USED BY THE UNIVERSITY TO PROVIDE SCHOLARSHIPS, FELLOWSHIPS, FUND LECTURESHIPS AND PROFESSORSHIPS, CONSTRUCT FACILITIES, PURCHASE EQUIPMENT, PROVIDE LOANS, PURCHASE EDUCATIONAL AND RESEARCH MATERIALS AND TO FUND A MYRIAD OF OTHER PROJECTS AND ITEMS TO HELP THE UNIVERSITY PROVIDE EDUCATION TO THE GENERAL PUBLIC.
Expenses $222,045,447 · Grants $222,045,447 · Revenue $8,726,645
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jack FinlawJACK FINLAW
PRESIDENT & CEO
- Total calculated
- $472,235
- From this org
- $434,880
- From related orgs
- $0
- Other
- $37,355
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $395,731
- Bonus
- $39,149
- Other
- $0
- Deferred
- $18,300
- Nontaxable benefits
- $19,055
- Filer's total
- $472,235
-
A Keller Young EsqA KELLER YOUNG ESQ
SVP, GENERAL COUNSEL, CAO
- Total calculated
- $334,589
- From this org
- $289,801
- From related orgs
- $0
- Other
- $44,788
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $263,305
- Bonus
- $26,496
- Other
- $0
- Deferred
- $18,300
- Nontaxable benefits
- $26,488
- Filer's total
- $334,589
-
Saskia SawyerSASKIA SAWYER
AVP GIFT SERVICES
- Total calculated
- $207,822
- From this org
- $170,990
- From related orgs
- $0
- Other
- $36,832
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,029
- Bonus
- $10,961
- Other
- $0
- Deferred
- $10,913
- Nontaxable benefits
- $25,919
- Filer's total
- $207,822
-
Charlene LausCHARLENE LAUS
VP & CFO
- Total calculated
- $169,083
- From this org
- $155,250
- From related orgs
- $0
- Other
- $13,833
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,250
- Bonus
- $0
- Other
- $0
- Deferred
- $8,153
- Nontaxable benefits
- $5,680
- Filer's total
- $169,083
-
Elizabeth SayerELIZABETH SAYER
CONTROLLER
- Total calculated
- $150,178
- From this org
- $132,818
- From related orgs
- $0
- Other
- $17,360
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $124,333
- Bonus
- $8,485
- Other
- $0
- Deferred
- $8,061
- Nontaxable benefits
- $9,299
- Filer's total
- $150,178
-
Patty LesliePATTY LESLIE
VP & CFO - TERM ENDED 05/22
- Total calculated
- $126,557
- From this org
- $112,510
- From related orgs
- $0
- Other
- $14,047
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $92,510
- Bonus
- $20,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,047
- Filer's total
- $126,557
-
Agneta AlbinssonAGNETA ALBINSSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Annie BaccaryANNIE BACCARY
VP FOR ADVANCEMENT OPERATIONS
- Total calculated
- $0
- Hours/week
- 1
-
Brian DolanBRIAN DOLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ilana Dubin-SpiegelILANA DUBIN-SPIEGEL
UNVERSITY REGENT
- Total calculated
- $0
- Hours/week
- 1
-
Nan EklundNAN EKLUND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William K FisherWILLIAM K FISHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd FredricksonTODD FREDRICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael D FrytMICHAEL D FRYT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa KetteringLISA KETTERING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott KingdomSCOTT KINGDOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric J KramerERIC J KRAMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin KrattKEVIN KRATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patty ImhoffPATTY IMHOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy O MayJEREMY O MAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Becky L MedvedBECKY L MEDVED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gary MeggisonGARY MEGGISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William NelsonWILLIAM NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jacob PruittJACOB PRUITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd SalimanTODD SALIMAN
UNIVERSITY PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Ashok SrivastavaASHOK SRIVASTAVA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heidi WagnerHEIDI WAGNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melinda H YeeMELINDA H YEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
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
-
$203,336,191
SEE PART IV
-
UNIVERSITY OF COLORADO HOSPITAL FOUNDATION
$1,094,485
PUBLIC SERVICE, MEDICAL OUTREACH
-
UNIVERSITY OF NORTHERN COLORADO
$15,000
SCHOLARHSIPS
-
SCHOLARSHIPS
-
$12,632
SCHOLARSHIPS
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.
-
THE UNIVERSITY OF COLORADO UK FOUNDATION LIMITED
501(C)(3) · REAL ESTATE · CO · controlled entity
Directly controlled by CU FOUNDATION
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS (52)
T · CRAT/CRUT · CO
Directly controlled by CU FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333179349307378
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