Skip to content
Nonprofiteer
← CCU ENDOWMENT FOUNDATION

Form 990 for tax year 2022

Filed by CCU ENDOWMENT FOUNDATION.

Totals

Total revenue
$2,735,625
Total expenses
$368,037
Contributions and grants received
$2,562,083
Grants paid
$340,996
Program service revenue
$0
Investment income
$173,542
Other revenue
$0
Total assets, end of year
$9,045,950
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$9,045,950
Program services expenses (Part IX)
$352,828
Management and general expenses
$15,209
Fundraising expenses
$0
Program service expenses (Part III)
$352,828

Program services were 95.9% 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.

  • 1f · All other contributions, gifts and grants

    $2,562,083

  • 1g · Noncash contributions included above

    $26,563

  • 3 · Investment income

    total $185,647 · excluded $185,647

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $102,773

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

    securities $114,878

  • 7c · Gain or loss

    securities -$12,105

  • 7d · Net gain or loss

    total -$12,105 · excluded -$12,105

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $340,996 · program services $340,996

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $11,000 · program services $11,000

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $832 · program services $832

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $15,209 · management and general $15,209 · fundraising $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $5,927,351 · end of year $8,834,650

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $202,044 · end of year $211,300

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $358,865 · end of year $381,156

  • 28 · Net assets with donor restrictions

    beginning of year $5,770,530 · end of year $8,664,794

Mission and programs · 2022

Mission

TO PROVIDE SUPPORT TO COLORADO CHRISTIAN UNIVERSITY, AN EXEMPT SCHOOL DESCRIBED IN INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(II).

Activities or mission (Part I)

TO PROVIDE SUPPORT TO COLORADO CHRISTIAN UNIVERSITY, AN EXEMPT SCHOOL DESCRIBED IN INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(II)

  • CCU ENDOWMENT FOUNDATION SUPPORTS COLORADO CHRISTIAN UNIVERSITY (CCU), A RELIGIOUS INSTITUTION, AS IT CULTIVATES KNOWLEDGE AND LOVE OF GOD IN A CHRIST-CENTERED COMMUNITY OF LEARNERS AND SCHOLARS, WITH AN ENDURING COMMITMENT TO THE INTEGRATION OF EXEMPLARY ACADEMICS, SPIRITUAL FORMATION, AND ENGAGEMENT WITH THE WORLD.

    Expenses $352,828 · Grants $340,996

As filed on the 2022 return.

Listed in Part VII

  • Daniel Cohrs

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $304,530
    From this org
    $0
    From related orgs
    $276,028
    Other
    $28,502
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $268,504 related
    Bonus
    $0
    Other
    $0 + $7,524 related
    Deferred
    $0 + $13,792 related
    Nontaxable benefits
    $0 + $14,710 related
    Filer's total
    $0 + $304,530 related

  • Donald Sweeting

    CHANCELLOR

    Total calculated
    $274,211
    From this org
    $0
    From related orgs
    $190,641
    Other
    $83,570
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,401 related
    Bonus
    $0
    Other
    $0 + $9,240 related
    Deferred
    $0 + $10,196 related
    Nontaxable benefits
    $0 + $73,374 related
    Filer's total
    $0 + $274,211 related

  • Eric Hogue

    PRESIDENT

    Total calculated
    $227,920
    From this org
    $0
    From related orgs
    $177,578
    Other
    $50,342
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,046 related
    Bonus
    $0
    Other
    $0 + $7,532 related
    Deferred
    $0 + $8,733 related
    Nontaxable benefits
    $0 + $41,609 related
    Filer's total
    $0 + $227,920 related

  • Iain Wightman

    VP OF FINANCE & TECHNOLOGY

    Total calculated
    $159,772
    From this org
    $0
    From related orgs
    $140,182
    Other
    $19,590
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,774 related
    Bonus
    $0
    Other
    $0 + $1,408 related
    Deferred
    $0 + $8,970 related
    Nontaxable benefits
    $0 + $10,620 related
    Filer's total
    $0 + $159,772 related

  • Tim McTavish

    INTERIM PRESIDENT

    Total calculated
    $138,031
    From this org
    $0
    From related orgs
    $119,011
    Other
    $19,020
    Hours/week
    1 + 40 related

  • Thomas Scheffel

    CORPORATE COUNSEL/SECRETARY

    Total calculated
    $9,150
    From this org
    $0
    From related orgs
    $9,150
    Other
    $0
    Hours/week
    1 + 1 related

  • Harold Krause

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Will Armstrong

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    40 + 1 related

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
COMPENSATION OF OFFICERS AND BOARD MEMBERS: NO BOARD MEMBERS OR OFFICERS ARE COMPENSATED BY CCU ENDOWMENT FOUNDATION. THE COMPENSATION REPORTED ON FORM 990 PART VII, SECTION A, AND SCHEDULE J, PART II, IS PAID BY A RELATED ORGANIZATION, COLORADO CHRISTIAN UNIVERSITY, FOR SERVICES PERFORMED BY EMPLOYEES AND CONTRACTORS OF COLORADO CHRISTIAN UNIVERSITY (CCU) COMPENSATION FOR THE PRESIDENT/CEO OF CCU WAS DETERMINED BY THE BOARD OF CCU. IN SETTING COMPENSATION, COMPARABILITY DATA WAS GATHERED BY HR AND THEN USED BY THE BOARD OF CCU. A SALARY SURVEY STUDY AND SALARY STRUCTURE REVIEW WAS LAST PERFORMED IN MARCH 2023. THE DELIBERATIONS AND DECISIONS REGARDING PRESIDENT/CEO COMPENSATION ARE DOCUMENTED AS PART OF THE PROCESS.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202401079349301125

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.