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Nonprofiteer
← COLORADO STATE UNIVERSITY RESEARCH FOUNDATION

Form 990 for tax year 2022

Filed by COLORADO STATE UNIVERSITY RESEARCH FOUNDATION.

Totals

Total revenue
$17,471,761
Total expenses
$16,164,739
Contributions and grants received
$5,714,083
Grants paid
$0
Program service revenue
$92,990
Investment income
$946,340
Other revenue
$10,718,348
Total assets, end of year
$69,355,514
Total liabilities, end of year
$50,429,691
Net assets or fund balances, end of year
$18,925,823
Program services expenses (Part IX)
$12,775,529
Management and general expenses
$3,389,210
Fundraising expenses
$0
Program service expenses (Part III)
$12,775,529

Program services were 79.0% 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)

    $5,713,533

  • 1f · All other contributions, gifts and grants

    $550

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $92,990 · related or exempt $92,990

  • 3 · Investment income

    total $291,929 · unrelated business $24,235 · excluded $267,694

  • 5 · Royalties

    total $3,157,647 · related or exempt $3,157,647

  • 6a · Gross rents

    real property $7,326,019

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $7,326,019

  • 6d · Net rental income or loss

    total $7,326,019 · related or exempt $7,026,403 · unrelated business $299,616

  • 7a · Gross sales of assets other than inventory

    securities $641,457 · other assets $33,623

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

    securities $0 · other assets $20,669

  • 7c · Gain or loss

    securities $641,457 · other assets $12,954

  • 7d · Net gain or loss

    total $654,411 · excluded $654,411

  • 10a · Gross sales of inventory

    $302,490

  • 10b · Cost of goods sold

    $67,808

  • 10c · Net income from sales of inventory

    total $234,682 · related or exempt $234,682

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,478,836 · program services $423,749 · management and general $1,055,087

  • 7 · Other salaries and wages

    total $3,290,081 · program services $2,762,815 · management and general $527,266

  • 8 · Pension plan contributions

    total $347,855 · program services $296,118 · management and general $51,737

  • 9 · Other employee benefits

    total $246,403 · program services $187,052 · management and general $59,351

  • 10 · Payroll taxes

    total $323,198 · program services $221,147 · management and general $102,051

  • 11b · Fees: legal

    total $1,130,378 · program services $897,164 · management and general $233,214

  • 11c · Fees: accounting

    total $67,237 · management and general $67,237

  • 11g · Fees: other

    total $502,278 · management and general $502,278

  • 12 · Advertising and promotion

    total $17,096 · program services $17,096

  • 13 · Office expenses

    total $60,989 · management and general $60,989

  • 14 · Information technology

    total $173,135 · management and general $173,135

  • 15 · Royalties

    total $2,145,669 · program services $2,145,669

  • 16 · Occupancy

    total $2,361,222 · program services $2,361,222

  • 17 · Travel

    total $89,235 · management and general $89,235

  • 19 · Conferences, conventions and meetings

    total $39,888 · management and general $39,888

  • 20 · Interest

    total $1,398,530 · program services $1,398,530

  • 22 · Depreciation, depletion and amortization

    total $1,608,001 · program services $1,528,308 · management and general $79,693

  • 23 · Insurance

    total $298,737 · program services $264,907 · management and general $33,830

  • 24a · Other expenses: FACILITIES MAINTENANCE

    total $165,071 · program services $165,071

  • 24b · Other expenses: DUES & LICENSES

    total $100,856 · program services $21,900 · management and general $78,956

  • 24c · Other expenses: STAFF TRAINING

    total $77,867 · management and general $77,867

  • 24d · Other expenses: EQUIPMENT LEASE & MAINT

    total $7,106 · management and general $7,106

  • 24e · All other expenses

    total $235,071 · program services $84,781 · management and general $150,290

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,348,971 · end of year $2,321,539

  • 2 · Savings and temporary cash investments

    end of year $7,884,841

  • 4 · Accounts receivable

    beginning of year $995,146 · end of year $1,493,171

  • 7 · Other notes and loans receivable

    beginning of year $8,526,483 · end of year $8,234,082

  • 8 · Inventories for sale or use

    beginning of year $84,850 · end of year $24,050

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,053 · end of year $21,751

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

    $53,580,973

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

    $16,542,844

  • 10c · Land, buildings and equipment, net

    beginning of year $38,590,763 · end of year $37,038,129

  • 11 · Investments: publicly traded securities

    end of year $3,994,440

  • 12 · Investments: other securities

    beginning of year $50 · end of year $54

  • 15 · Other assets

    beginning of year $14,273,978 · end of year $8,343,457

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,975,185 · end of year $4,897,898

  • 19 · Deferred revenue

    beginning of year $351,369 · end of year $292,294

  • 23 · Secured mortgages and notes payable

    beginning of year $42,121,865 · end of year $37,716,725

  • 25 · Other liabilities

    beginning of year $11,818,754 · end of year $7,522,774

  • 27 · Net assets without donor restrictions

    beginning of year $17,368,338 · end of year $18,729,877

  • 28 · Net assets with donor restrictions

    beginning of year $199,783 · end of year $195,946

Mission and programs · 2022

Mission

CSU STRATA WAS ORGANIZED IN 1941 TO AID THE UNIVERSITIES GOVERNED BY THE BOARD OF GOVERNORS OF THE COLORADO STATE UNIVERSITY SYSTEM (CSUS, INCLUDING COLORADO STATE UNIVERSITY, COLORADO STATE UNIVERSITY PUEBLO, AND CSU GLOBAL) IN THEIR RESEARCH AND EDUCATIONAL EFFORTS. CSU STRATA PROVIDES PROPERTY AND EQUIPMENT LEASING, PATENT AND LICENSING MANAGEMENT, DEBT FINANCING THROUGH MORTGAGE DEBT SERVICE, AND LAND ACQUISITION, DEVELOPMENT AND PROPERTY MANAGEMENT.

Activities or mission (Part I)

AID & ASSIST UNIVERSITIES GOVERNED BY THE CSU SYSTEM IN THEIR RESEARCH & EDUCATIONAL EFFORTS.

  • CSU STRATA PROVIDES MANAGEMENT OF VARIOUS PROPERTIES HELD BY OR FOR THE BENEFIT OF COLORADO STATE UNIVERSITY.

    Expenses $10,629,860 · Revenue $7,354,075

  • TECHNOLOGY TRANSFER ASSISTS WITH PATENT AND LICENSING MANAGEMENT.

    Expenses $2,145,669 · Revenue $3,157,647

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

Listed in Part VII

  • Ajay Menon

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $514,281
    From this org
    $425,590
    From related orgs
    $0
    Other
    $88,691
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $424,006
    Bonus
    $0
    Other
    $1,584
    Deferred
    $44,179
    Nontaxable benefits
    $46,229
    Filer's total
    $515,998

  • Julie H Birdsall

    SPECIAL ASSISTANT TO CEO/PRESIDENT

    Total calculated
    $245,133
    From this org
    $206,397
    From related orgs
    $0
    Other
    $38,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,261
    Bonus
    $0
    Other
    $1,136
    Deferred
    $28,727
    Nontaxable benefits
    $11,481
    Filer's total
    $246,605

  • Nancy Hurt

    VP OF OPERATIONS/SECRETARY

    Total calculated
    $232,900
    From this org
    $194,699
    From related orgs
    $0
    Other
    $38,201
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,530
    Bonus
    $0
    Other
    $1,169
    Deferred
    $27,190
    Nontaxable benefits
    $12,507
    Filer's total
    $234,396

  • Nick Christensen

    VP OF REAL ESTATE

    Total calculated
    $247,227
    From this org
    $191,051
    From related orgs
    $0
    Other
    $56,176
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,296
    Bonus
    $0
    Other
    $755
    Deferred
    $27,008
    Nontaxable benefits
    $30,654
    Filer's total
    $248,713

  • Richard Magid

    VP OF TECHNOLOGY TRANSFER

    Total calculated
    $157,128
    From this org
    $150,018
    From related orgs
    $0
    Other
    $7,110
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,839
    Bonus
    $0
    Other
    $179
    Deferred
    $0
    Nontaxable benefits
    $7,898
    Filer's total
    $157,916

  • James Poss

    DIRECTOR, VENTURES CREATION

    Total calculated
    $176,879
    From this org
    $149,245
    From related orgs
    $0
    Other
    $27,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,948
    Bonus
    $0
    Other
    $297
    Deferred
    $3,167
    Nontaxable benefits
    $25,636
    Filer's total
    $178,048

  • Tamara Alexander

    DIRECTOR, REAL ESTATE

    Total calculated
    $162,550
    From this org
    $143,273
    From related orgs
    $0
    Other
    $19,277
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,503
    Bonus
    $0
    Other
    $770
    Deferred
    $2,556
    Nontaxable benefits
    $17,852
    Filer's total
    $163,681

  • Steve Foster

    DIR. LICENSING & BUS. DEVELOPMENT

    Total calculated
    $176,990
    From this org
    $139,149
    From related orgs
    $0
    Other
    $37,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,903
    Bonus
    $0
    Other
    $246
    Deferred
    $19,730
    Nontaxable benefits
    $19,148
    Filer's total
    $178,027

  • Tom Jankowski

    DIRECTOR OF TECHNOLOGY

    Total calculated
    $143,910
    From this org
    $133,321
    From related orgs
    $0
    Other
    $10,589
    Hours/week
    40

  • Lynn Johnson

    CFO & SECRETARY/TREASURER

    Total calculated
    $147,492
    From this org
    $127,733
    From related orgs
    $0
    Other
    $19,759
    Hours/week
    40

  • Diane Evans - Vice-Chairman

    (THRU 10/17/22)CHAIRMAN(FROM 10/22)

    Total calculated
    $0
    Hours/week
    1

  • Don Marostica -Chairman

    (THRU 10/17/22)TRUSTEE(FROM 10/22)

    Total calculated
    $0
    Hours/week
    1

  • Bob Hottman Trustee Thru 1022

    VICE-CHAIRMAN(FROM 10/22)

    Total calculated
    $0
    Hours/week
    1

  • David Conrad

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rayno Seaser

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul Hudnut

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephen Laughlin

    TRUSTEE

    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, 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 · Approval by the board or compensation committee

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • COLORADO STATE UNIVERSITY RESEARCH FOUNDATION DE MEXICO AC

    OPERATE TODOS SANTOS CAMPUS · MX · controlled entity

    Directly controlled by CSU STRATA

  • COLORADO STATE UNIVERSITY RESEARCH FOUNDATION TODOS SANTOS AC

    PROVIDE COURSES & WORKSHOPS · MX · controlled entity

    Directly controlled by CSU STRATA

Provenance

Return type
form_990
Tax year
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202313059349303156

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