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Nonprofiteer
← COLORADO MESA UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by COLORADO MESA UNIVERSITY FOUNDATION.

Totals

Total revenue
$13,253,437
Total expenses
$10,649,940
Contributions and grants received
$12,380,800
Grants paid
$9,909,962
Program service revenue
$0
Investment income
$699,387
Other revenue
$173,250
Total assets, end of year
$57,987,021
Total liabilities, end of year
$172,581
Net assets or fund balances, end of year
$57,814,440
Program services expenses (Part IX)
$10,312,122
Management and general expenses
$45,666
Fundraising expenses
$292,152
Program service expenses (Part III)
$10,312,122

Program services were 96.8% 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)

    $5,837,991

  • 1f · All other contributions, gifts and grants

    $6,542,809

  • 1g · Noncash contributions included above

    $2,280,502

  • 3 · Investment income

    total $928,935 · excluded $928,935

  • 5 · Royalties

    total $241,130 · related or exempt $241,130

  • 7a · Gross sales of assets other than inventory

    other assets -$229,548

  • 7c · Gain or loss

    other assets -$229,548

  • 7d · Net gain or loss

    total -$229,548 · related or exempt -$229,548

  • 8a · Fundraising events: gross income

    $346,645

  • 8b · Fundraising events: direct expenses

    $418,000

  • 8c · Net income from fundraising events

    total -$71,355

  • 11a · Other revenue: MISC

    total $3,475 · related or exempt $3,475

  • 11e · Other revenue, total

    $3,475

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,906,777 · program services $5,906,777

  • 2 · Grants to domestic individuals

    total $4,003,185 · program services $4,003,185

  • 11g · Fees: other

    total $8,783 · management and general $8,783

  • 12 · Advertising and promotion

    total $154,449 · program services $82 · fundraising $154,367

  • 13 · Office expenses

    total $15,221 · program services $9,161 · management and general $1,975 · fundraising $4,085

  • 14 · Information technology

    total $141,833 · program services $14,609 · management and general $13,134 · fundraising $114,090

  • 17 · Travel

    total $11,358 · program services $2,462 · management and general $5,634 · fundraising $3,262

  • 19 · Conferences, conventions and meetings

    total $9,208 · program services $1,902 · management and general $2,443 · fundraising $4,863

  • 22 · Depreciation, depletion and amortization

    total $356,129 · program services $356,129

  • 23 · Insurance

    total $13,148 · program services $1,738 · management and general $11,410

  • 24a · Other expenses: BANK FEES

    total $19,822 · program services $12,120 · management and general $875 · fundraising $6,827

  • 24b · Other expenses: DUES

    total $3,611 · program services $961 · management and general $643 · fundraising $2,007

  • 24c · Other expenses: MISC

    total $2,292 · management and general $709 · fundraising $1,583

  • 24d · Other expenses: COMMUNICATION

    total $1,604 · program services $1,544 · management and general $60

  • 24e · All other expenses

    total $2,520 · program services $1,452 · fundraising $1,068

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,953,936 · end of year $3,507,448

  • 2 · Savings and temporary cash investments

    beginning of year $209,416 · end of year $209,581

  • 3 · Pledges and grants receivable

    beginning of year $2,920,916 · end of year $2,451,150

  • 4 · Accounts receivable

    beginning of year $2,554 · end of year $34,755

  • 9 · Prepaid expenses and deferred charges

    end of year $64,249

  • 12 · Investments: other securities

    end of year $1,325,802

  • 13 · Investments: program-related

    beginning of year $42,898,267 · end of year $49,846,036

  • 15 · Other assets

    beginning of year $548,000 · end of year $548,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $412,352 · end of year $172,581

  • 27 · Net assets without donor restrictions

    beginning of year $1,271,775 · end of year $1,359,431

  • 28 · Net assets with donor restrictions

    beginning of year $49,848,962 · end of year $56,455,009

Mission and programs · 2022

Mission

FINANCIAL ASSISTANCE TO COLORADO MESA UNIVERSITY FOUNDATION STUDENTS, AND ASSIST COLORADO MESA UNIVERSITY IN PROVIDING EDUCATION TO DESERVING INDIVIDUALS.

  • COLORAO MESA UNIVERSITY BUILDING PROJECTS

    Expenses $6,285,167 · Grants $5,906,777

  • COLORADO MESA UNIVERSITY DEPARTMENTS & CLUB TRANSFERS

  • SCHOLARSHIPS TO STUDENTS

    Expenses $4,003,185 · Grants $4,003,185

  • OTHER SUPPORT

    Expenses $23,770

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JENNIFER AUBERT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN BROOKS

    INVEST COMM

    Total calculated
    $0
    Hours/week
    1

  • LOUIS BUESCHER

    INVEST COMM

    Total calculated
    $0
    Hours/week
    1

  • KELIANNE CHAMBERLAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ED CHAMBERLIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK GARDNER

    VICE PRESIDE

    Total calculated
    $0

  • ANGELA HEGSTROM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE HIGGINS

    DEVEL COMM

    Total calculated
    $0
    Hours/week
    1

  • KASIA IWANICZKO-MACLEOD

    TRUSTEE LIAI

    Total calculated
    $0
    Hours/week
    1

  • KAREN MADSEN

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • TROY NESHEIM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID PATTERSON

    BD GOV/INVES

    Total calculated
    $0
    Hours/week
    1

  • PHIL PE'A

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAN RUBINSTEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LATISHA SAUNDERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • QUINT SHEAR

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • JEFF TAETS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS WEST

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMEE SIMONS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202333199349308418

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