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← COLORADO STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2024

Filed by COLORADO STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$117,234,946
Total expenses
$92,436,659
Contributions and grants received
$94,621,717
Grants paid
$79,217,346
Program service revenue
$0
Investment income
$18,332,547
Other revenue
$4,280,682
Total assets, end of year
$864,944,732
Total liabilities, end of year
$29,060,480
Net assets or fund balances, end of year
$835,884,252
Program services expenses (Part IX)
$80,225,348
Management and general expenses
$12,211,311
Fundraising expenses
$0
Program service expenses (Part III)
$80,225,348

Program services were 86.8% 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.

  • 1e · Government grants (contributions)

    $138,031

  • 1f · All other contributions, gifts and grants

    $94,483,686

  • 1g · Noncash contributions included above

    $6,158,370

  • 3 · Investment income

    total $4,393,444 · excluded $4,393,444

  • 7a · Gross sales of assets other than inventory

    securities $25,091,128

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

    securities $11,152,025

  • 7c · Gain or loss

    securities $13,939,103

  • 7d · Net gain or loss

    total $13,939,103 · excluded $13,939,103

  • 11a · Other revenue: UBI FROM K-1S

    total $3,581,227 · unrelated business $3,581,227

  • 11b · Other revenue: MISCELLANEOUS

    total $699,455 · excluded $699,455

  • 11e · Other revenue, total

    $4,280,682

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $79,217,346 · program services $79,217,346

  • 5 · Compensation of officers, directors and key employees

    total $890,840 · management and general $890,840

  • 7 · Other salaries and wages

    total $1,649,151 · management and general $1,649,151

  • 8 · Pension plan contributions

    total $137,244 · management and general $137,244

  • 9 · Other employee benefits

    total $278,484 · management and general $278,484

  • 10 · Payroll taxes

    total $175,797 · management and general $175,797

  • 11b · Fees: legal

    total $33,700 · management and general $33,700

  • 11c · Fees: accounting

    total $136,268 · management and general $136,268

  • 11d · Fees: lobbying

    total $437,497 · management and general $437,497

  • 11f · Fees: investment management

    total $7,730,646 · management and general $7,730,646

  • 11g · Fees: other

    total $121,239 · management and general $121,239

  • 12 · Advertising and promotion

    total $7,850 · management and general $7,850

  • 13 · Office expenses

    total $24,988 · management and general $24,988

  • 14 · Information technology

    total $212,256 · management and general $212,256

  • 17 · Travel

    total $13,314 · management and general $13,314

  • 19 · Conferences, conventions and meetings

    total $13,756 · management and general $13,756

  • 20 · Interest

    total $184,594 · management and general $184,594

  • 22 · Depreciation, depletion and amortization

    total $35,464 · management and general $35,464

  • 23 · Insurance

    total $72,324 · program services $21,490 · management and general $50,834

  • 24a · Other expenses: PROGRAM EXPENSES

    total $986,512 · program services $986,512

  • 24b · Other expenses: BOARD OF DIRECTORS

    total $35,375 · management and general $35,375

  • 24c · Other expenses: PROFESSIONAL MEMBERSHIP

    total $15,235 · management and general $15,235

  • 24d · Other expenses: LEASE AND RENT

    total $9,250 · management and general $9,250

  • 24e · All other expenses

    total $17,529 · management and general $17,529

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $493,177 · end of year $663,203

  • 2 · Savings and temporary cash investments

    beginning of year $5,045,837 · end of year $4,489,319

  • 3 · Pledges and grants receivable

    beginning of year $32,261,489 · end of year $36,917,217

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,439 · end of year $406,017

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

    $852,497

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

    $399,485

  • 10c · Land, buildings and equipment, net

    beginning of year $292,320 · end of year $453,012

  • 11 · Investments: publicly traded securities

    beginning of year $434,458,204 · end of year $486,698,384

  • 12 · Investments: other securities

    beginning of year $314,242,464 · end of year $331,891,129

  • 13 · Investments: program-related

    beginning of year $1,797,652 · end of year $1,910,515

  • 15 · Other assets

    beginning of year $1,365,034 · end of year $1,515,936

  • 17 · Accounts payable and accrued expenses

    beginning of year $576,775 · end of year $759,720

  • 18 · Grants payable

    beginning of year $6,283,572 · end of year $10,071,927

  • 21 · Escrow or custodial account liability

    beginning of year $16,840,913 · end of year $17,356,615

  • 25 · Other liabilities

    beginning of year $843,492 · end of year $872,218

  • 27 · Net assets without donor restrictions

    beginning of year $38,441,500 · end of year $46,287,301

  • 28 · Net assets with donor restrictions

    beginning of year $726,986,364 · end of year $789,596,951

Mission and programs · 2024

Mission

SEE SCHEDULE O COLORADO STATE UNIVERSITY FOUNDATION ASSISTS IN THE PROMOTION, DEVELOPMENT, AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND ENHANCEMENTS OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). THIS IS ACCOMPLISHED THROUGH RECEIVING, MANAGING, AND INVESTING GIFTS. PRINCIPAL AND/OR INCOME FROM THESE GIFTS ARE USED FOR SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES WHICH DIRECTLY OR INDIRECTLY AID AND BENEFIT CSU.

Activities or mission (Part I)

COLORADO STATE UNIVERSITY FOUNDATION RECEIVES, MANAGES AND INVESTS GIFTS IN SUPPORT OF CSU.

  • CSU FOUNDATION ASSISTED IN THE PROMOTION, DEVELOPMENT AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND OPPORTUNITIES OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). DURING THE YEAR, THE FOUNDATION TRANSFERRED APPROXIMATELY $79,000,000 TO CSU AND AFFILIATES. BECAUSE OF THIS AID, CSU WAS ABLE TO AWARD SCHOLARSHIPS AND FELLOWSHIPS TO ITS STUDENTS; PROVIDE FOR ACADEMIC AND INSTRUCTIONAL SUPPORT, RESEARCH EFFORTS, INSTITUTIONAL SUPPORT; AND OPERATION AND MAINTENANCE OF FACILITIES AND EQUIPMENT.

    Expenses $80,225,348 · Grants $79,217,346

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Klemz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ric Thomas

    DIRECTOR/PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Scott Thisted

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Diehl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Luke Daniel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deb Demuth

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Martinez

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Morris Price

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Detterick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cheri O'Neill

    PRESIDENT/CEO

    Total calculated
    $447,119
    From this org
    $382,032
    From related orgs
    $0
    Other
    $65,087
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,392
    Bonus
    $0
    Other
    $640
    Deferred
    $44,947
    Nontaxable benefits
    $20,140
    Filer's total
    $447,119

  • Allen Padilla

    VICE PRESIDENT/CFO

    Total calculated
    $340,699
    From this org
    $263,447
    From related orgs
    $0
    Other
    $77,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,017
    Bonus
    $7,790
    Other
    $640
    Deferred
    $33,674
    Nontaxable benefits
    $43,578
    Filer's total
    $340,699

  • Sara Campbell

    SECRETARY

    Total calculated
    $148,600
    From this org
    $111,826
    From related orgs
    $0
    Other
    $36,774
    Hours/week
    40

  • Dipen Patel

    DIRECTOR OF INFORMATION SYSTEMS

    Total calculated
    $206,546
    From this org
    $158,429
    From related orgs
    $0
    Other
    $48,117
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,958
    Bonus
    $3,000
    Other
    $471
    Deferred
    $16,447
    Nontaxable benefits
    $31,670
    Filer's total
    $206,546

  • Terilyn Larson

    CONTROLLER

    Total calculated
    $216,437
    From this org
    $169,826
    From related orgs
    $0
    Other
    $46,611
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,855
    Bonus
    $1,500
    Other
    $471
    Deferred
    $18,209
    Nontaxable benefits
    $28,402
    Filer's total
    $216,437

  • Rilla Williams

    DIRECTOR OF BUSINESS DATA

    Total calculated
    $145,586
    From this org
    $117,055
    From related orgs
    $0
    Other
    $28,531
    Hours/week
    40

  • Marie Dondlinger

    ASSISTANT CONTROLLER

    Total calculated
    $130,522
    From this org
    $101,004
    From related orgs
    $0
    Other
    $29,518
    Hours/week
    40

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE DECISION TO PAY THE BONUS TO THE CFO AND THE AMOUNT OF THE BONUS WAS DETERMINED BY THE CEO.

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

  • COLORADO STATE UNIVERSITY

    $79,217,346

    EDUCATION

Provenance

Return type
form_990
Tax year
2024
Filed
15 January 2025
IRS schema version
2024v5.5
Source object
202610979349301836

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