Form 990 for tax year 2022
Filed by WESTERN COLORADO UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $8,311,644
- Total expenses
- $5,272,955
- Contributions and grants received
- $7,311,195
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $793,335
- Other revenue
- $207,114
- Total assets, end of year
- $39,556,452
- Total liabilities, end of year
- $703,236
- Net assets or fund balances, end of year
- $38,853,216
- Program services expenses (Part IX)
- $4,235,033
- Management and general expenses
- $424,137
- Fundraising expenses
- $613,785
- Program service expenses (Part III)
- $4,235,033
Program services were 80.3% 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.
-
1c · Fundraising events
$271,137
-
1e · Government grants (contributions)
$270,000
-
1f · All other contributions, gifts and grants
$6,770,058
-
1g · Noncash contributions included above
$1,404,459
-
3 · Investment income
total $471,652 · related or exempt $471,652
-
5 · Royalties
total $45,152 · related or exempt $45,152
-
7a · Gross sales of assets other than inventory
securities $7,775,055
-
7b · Less cost or other basis and sales expenses
securities $7,453,372
-
7c · Gain or loss
securities $321,683
-
7d · Net gain or loss
total $321,683 · related or exempt $321,683
-
8a · Fundraising events: gross income
$161,962
-
8a · Fundraising events: contributions included on line 1c
$271,137
-
8c · Net income from fundraising events
total $161,962 · excluded $161,962
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $236,109 · program services $23,611 · management and general $59,027 · fundraising $153,471
-
7 · Other salaries and wages
total $986,758 · program services $823,041 · management and general $157,408 · fundraising $6,309
-
8 · Pension plan contributions
total $34,229 · program services $5,521 · management and general $16,516 · fundraising $12,192
-
9 · Other employee benefits
total $66,611 · program services $10,744 · management and general $32,140 · fundraising $23,727
-
10 · Payroll taxes
total $38,156 · program services $6,155 · management and general $18,410 · fundraising $13,591
-
11b · Fees: legal
total $2,951 · management and general $2,951
-
11c · Fees: accounting
total $16,500 · management and general $16,500
-
11g · Fees: other
total $43,692 · program services $43,692
-
12 · Advertising and promotion
total $16,900 · program services $16,900
-
13 · Office expenses
total $8,045 · management and general $8,045
-
14 · Information technology
total $59,400 · management and general $33,858 · fundraising $25,542
-
22 · Depreciation, depletion and amortization
total $27,797 · management and general $27,797
-
23 · Insurance
total $20,024 · program services $3,043 · management and general $16,981
-
24a · Other expenses: SCHOLARSHIPS
total $1,256,561 · program services $1,256,561
-
24b · Other expenses: IN-KIND EXPENSES
total $905,449 · program services $891,449 · management and general $14,000
-
24c · Other expenses: SUPPLIES & EQUIPMENT
total $415,222 · program services $415,222
-
24d · Other expenses: TRAVEL
total $395,143 · program services $395,143
-
24e · All other expenses
total $743,408 · program services $343,951 · management and general $20,504 · fundraising $378,953
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $659,331 · end of year $227,501
-
2 · Savings and temporary cash investments
beginning of year $522,733 · end of year $40,196
-
3 · Pledges and grants receivable
beginning of year $1,923,102 · end of year $2,956,511
-
4 · Accounts receivable
beginning of year $14,348 · end of year $122,826
-
10a · Land, buildings and equipment: cost or other basis
$2,032,344
-
10b · Land, buildings and equipment: accumulated depreciation
$1,074,548
-
10c · Land, buildings and equipment, net
beginning of year $987,651 · end of year $957,796
-
11 · Investments: publicly traded securities
beginning of year $28,238,441 · end of year $33,888,697
-
15 · Other assets
beginning of year $492,021 · end of year $1,362,925
-
17 · Accounts payable and accrued expenses
beginning of year $466,488 · end of year $703,236
-
27 · Net assets without donor restrictions
beginning of year -$1,093,557 · end of year -$199,275
-
28 · Net assets with donor restrictions
beginning of year $33,464,696 · end of year $39,052,491
Mission and programs · 2022
Mission
THE MISSION OF THE FOUNDATION IS TO AID, DIRECTLY OR INDIRECTLY, WESTERN COLORADO UNIVERSITY IN FULFILLING ITS EDUCATIONAL PURPOSES
-
EXPENDITURE OF FUNDS FOR THE BENEFIT OF, OR USE BY, WESTERN COLORADO UNIVERSITY
Expenses $4,235,033
As filed on the 2022 return.
Listed in Part VII
-
Thomas Burggraf JrTHOMAS BURGGRAF JR
EXECUTIVE DI
- Total calculated
- $236,110
- From this org
- $236,110
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $236,110
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $236,110
-
Alan BassettALAN BASSETT
DIRECTOR
- Total calculated
- $0
-
Richard BradsbyRICHARD BRADSBY
DIRECTOR
- Total calculated
- $0
-
Art ChaputART CHAPUT
DIRECTOR
- Total calculated
- $0
-
Chip CreagerCHIP CREAGER
DIRECTOR
- Total calculated
- $0
-
Valerie HastingsVALERIE HASTINGS
PRESIDENT
- Total calculated
- $0
-
Paula HendricksonPAULA HENDRICKSON
TREASURER
- Total calculated
- $0
-
Jeff HolwayJEFF HOLWAY
DIRECTOR
- Total calculated
- $0
-
Kathy LockhartKATHY LOCKHART
DIRECTOR
- Total calculated
- $0
-
Carol RiegerCAROL RIEGER
DIRECTOR
- Total calculated
- $0
-
Hank WindmoellerHANK WINDMOELLER
DIRECTOR
- Total calculated
- $0
-
Mike LaplanteMIKE LAPLANTE
EXECUTIVE DI
- Total calculated
- $0
- Hours/week
- 40
-
Ruth WelchRUTH WELCH
SECRETARY
- Total calculated
- $0
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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323569349300707
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