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← METROPOLITAN STATE UNIVERSITY OF DENVER FOUNDATION INC

Form 990 for tax year 2023

Filed by METROPOLITAN STATE UNIVERSITY OF DENVER FOUNDATION INC.

Totals

Total revenue
$13,805,911
Total expenses
$9,373,595
Contributions and grants received
$13,148,865
Grants paid
$8,203,061
Program services expenses (Part IX)
$8,203,061
Management and general expenses
$1,127,645
Fundraising expenses
$42,889
Program service expenses (Part III)
$8,203,061

Program services were 87.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHRISTINE MARQUEZ-HUDSON

    EXECUTIVE DIRECTOR

    Total calculated
    $246,360
    From this org
    $190,232
    From related orgs
    $0
    Other
    $56,128
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,232
    Bonus
    $0
    Other
    $0
    Deferred
    $23,445
    Nontaxable benefits
    $32,683
    Filer's total
    $246,360

  • EARL CALEB

    CFO

    Total calculated
    $102,774
    From this org
    $89,339
    From related orgs
    $0
    Other
    $13,435
    Hours/week
    40

  • LORI HERRERA

    CFO (THRU 01/23)

    Total calculated
    $2,388
    From this org
    $244
    From related orgs
    $0
    Other
    $2,144
    Hours/week
    40

  • DAWN BOOKHARDT

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RUTH ROHS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARTI AWAD

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY DIMOND

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • FERD BELZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAT CORTEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARB GROGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RUS HEISE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN KELLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLIE KERCHEVAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JON L KINNING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICK KORNFELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRAVIS LUTHER

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • DONALD MARSHALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HEATHER MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN O'NEIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CINDY PARSONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHANE PORTFOLIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRINI RODRIGUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STAN SENA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RON TILTON

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARILEE UTTER

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHARLIE WALLING

    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 — 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)

PART I, LINE 3
THE EXECUTIVE COMMITTEE IN CONJUNCTION WITH THE PRESIDENT OF THE UNIVERSITY WHICH THE FOUNDATION SUPPORTS COLLECTIVELY DETERMINE THE CEO'S COMPENSATION UTILIZING ROBUST COMPARABLE DATA BENCHMARKED AND UTILIZED BY THE UNIVERSITY'S HUMAN RESOURCE DEPARTMENT. THE CEO IN CONJUNCTION WITH THE UNIVERSITY'S HUMAN RESOURCE DEPARTMENT DETERMINE THE COMPENSATION FOR KEY EMPLOYEES. BOTH PROCESSES WERE LAST REVIEWED AND APPROVED IN 2024.
FORM 990, SCHEDULE J, PART III:
ALL OFFICERS ARE COMPENSATED FOR THEIR SERVICES BY METROPOLITAN STATE UNIVERSITY OF DENVER, AN UNRELATED ORGANIZATION.

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

  • METROPOLITAN STATE UNIVERSITY OF DENVER

    $8,186,361

    THE FUNDS ARE USED BY THE UNIVERSITY TO AWARD SCHOLARSHIPS TO INDIVIDUALS AND TO SUPPORT ACADEMIC ACTIVITIES, PROGRAMS AND INITIATIVES.

  • METROPOLITAN STATE COLLEGE OF DENVER ALUMNI ASSOCIATION

    $16,700

    MSU DENVER FOUNDATION HAS AN MOU WITH THE ALUMNI ASSOCIATION WHERE THE FOUNDATION CREDITS THE ALUMNI ASSOCIATION 50% OF THEIR ADMIN FEES FROM ALL ALUMNI GIFTS. IN ADDITION, THE FOUNDATION REBATES THE FULL ADMIN FEE CHARGED TO THE ALUMNI ASSOCIATION FROM THE PREVIOUS YEAR.

Provenance

Return type
form_990
Tax year
2023
Filed
6 December 2024
IRS schema version
2023v5.1
Source object
202443479349300109

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