Skip to content
Nonprofiteer
← COLORADO STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2023

Filed by COLORADO STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$96,897,506
Total expenses
$89,313,101
Contributions and grants received
$64,363,470
Grants paid
$76,661,536
Program service revenue
$0
Investment income
$30,459,011
Other revenue
$2,075,025
Total assets, end of year
$789,972,616
Total liabilities, end of year
$24,544,752
Net assets or fund balances, end of year
$765,427,864
Program services expenses (Part IX)
$76,907,529
Management and general expenses
$12,405,572
Fundraising expenses
$0
Program service expenses (Part III)
$76,907,529

Program services were 86.1% 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)

    $101,666

  • 1f · All other contributions, gifts and grants

    $64,261,804

  • 1g · Noncash contributions included above

    $8,124,350

  • 3 · Investment income

    total $5,245,471 · excluded $5,245,471

  • 7a · Gross sales of assets other than inventory

    securities $167,740,266

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

    securities $142,526,726

  • 7c · Gain or loss

    securities $25,213,540

  • 7d · Net gain or loss

    total $25,213,540 · excluded $25,213,540

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

    total $1,558,050 · unrelated business $1,558,050

  • 11b · Other revenue: MISCELLANEOUS

    total $516,975 · excluded $516,975

  • 11e · Other revenue, total

    $2,075,025

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $76,661,536 · program services $76,661,536

  • 5 · Compensation of officers, directors and key employees

    total $984,443 · management and general $984,443

  • 7 · Other salaries and wages

    total $1,418,353 · management and general $1,418,353

  • 8 · Pension plan contributions

    total $120,963 · management and general $120,963

  • 9 · Other employee benefits

    total $229,033 · management and general $229,033

  • 10 · Payroll taxes

    total $147,968 · management and general $147,968

  • 11b · Fees: legal

    total $24,767 · management and general $24,767

  • 11c · Fees: accounting

    total $124,053 · management and general $124,053

  • 11d · Fees: lobbying

    total $417,140 · management and general $417,140

  • 11f · Fees: investment management

    total $8,032,380 · management and general $8,032,380

  • 11g · Fees: other

    total $122,050 · management and general $122,050

  • 12 · Advertising and promotion

    total $2,350 · management and general $2,350

  • 13 · Office expenses

    total $25,543 · management and general $25,543

  • 14 · Information technology

    total $140,213 · management and general $140,213

  • 17 · Travel

    total $16,610 · management and general $16,610

  • 19 · Conferences, conventions and meetings

    total $8,000 · management and general $8,000

  • 22 · Depreciation, depletion and amortization

    total $64,459 · management and general $64,459

  • 23 · Insurance

    total $163,132 · program services $114,309 · management and general $48,823

  • 24a · Other expenses: CREDIT CARD FEES

    total $270,421 · management and general $270,421

  • 24b · Other expenses: PROGRAM EXPENSES

    total $131,684 · program services $131,684

  • 24c · Other expenses: TAXES

    total $119,555 · management and general $119,555

  • 24d · Other expenses: BOARD OF DIRECTORS

    total $52,782 · management and general $52,782

  • 24e · All other expenses

    total $35,666 · management and general $35,666

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $714,026 · end of year $493,177

  • 2 · Savings and temporary cash investments

    beginning of year $1,396,639 · end of year $5,045,837

  • 3 · Pledges and grants receivable

    beginning of year $30,837,998 · end of year $32,261,489

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,221 · end of year $16,439

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

    $658,994

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

    $366,674

  • 10c · Land, buildings and equipment, net

    beginning of year $348,469 · end of year $292,320

  • 11 · Investments: publicly traded securities

    beginning of year $392,050,610 · end of year $434,458,204

  • 12 · Investments: other securities

    beginning of year $323,811,678 · end of year $314,242,464

  • 13 · Investments: program-related

    beginning of year $1,561,316 · end of year $1,797,652

  • 15 · Other assets

    beginning of year $1,194,470 · end of year $1,365,034

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,017,594 · end of year $576,775

  • 18 · Grants payable

    beginning of year $8,859,905 · end of year $6,283,572

  • 21 · Escrow or custodial account liability

    beginning of year $16,343,366 · end of year $16,840,913

  • 25 · Other liabilities

    beginning of year $770,033 · end of year $843,492

  • 27 · Net assets without donor restrictions

    beginning of year $38,747,204 · end of year $38,441,500

  • 28 · Net assets with donor restrictions

    beginning of year $686,196,325 · end of year $726,986,364

Mission and programs · 2023

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 $77,000,000 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 $76,907,529 · Grants $76,661,536

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James Martell

    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
    $448,190
    From this org
    $390,357
    From related orgs
    $0
    Other
    $57,833
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,424
    Bonus
    $37,301
    Other
    $632
    Deferred
    $38,722
    Nontaxable benefits
    $19,111
    Filer's total
    $448,190

  • Allen Padilla

    VICE PRESIDENT/CFO

    Total calculated
    $328,071
    From this org
    $253,112
    From related orgs
    $0
    Other
    $74,959
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,980
    Bonus
    $7,500
    Other
    $632
    Deferred
    $33,409
    Nontaxable benefits
    $41,550
    Filer's total
    $328,071

  • Sara Campbell

    SECRETARY

    Total calculated
    $138,406
    From this org
    $103,369
    From related orgs
    $0
    Other
    $35,037
    Hours/week
    40

  • Jill Higham

    GENERAL COUNSEL

    Total calculated
    $203,386
    From this org
    $155,130
    From related orgs
    $0
    Other
    $48,256
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,398
    Bonus
    $0
    Other
    $732
    Deferred
    $16,232
    Nontaxable benefits
    $32,024
    Filer's total
    $203,386

  • Dipen Patel

    DIRECTOR OF INFORMATION SYSTEMS

    Total calculated
    $179,110
    From this org
    $138,764
    From related orgs
    $0
    Other
    $40,346
    Hours/week
    40

  • Terilyn Larson

    CONTROLLER

    Total calculated
    $188,352
    From this org
    $155,637
    From related orgs
    $0
    Other
    $32,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,200
    Bonus
    $0
    Other
    $437
    Deferred
    $15,744
    Nontaxable benefits
    $16,971
    Filer's total
    $188,352

  • Rilla Williams

    DIRECTOR OF BUSINESS DATA

    Total calculated
    $130,238
    From this org
    $102,991
    From related orgs
    $0
    Other
    $27,247
    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

    $76,661,536

    EDUCATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2024
IRS schema version
2023v6.0
Source object
202501079349301600

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.