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Nonprofiteer
← UNIVERSITY OF NORTHERN COLORADO FOUNDATION INC

Form 990 for tax year 2023

Filed by UNIVERSITY OF NORTHERN COLORADO FOUNDATION INC.

Totals

Total revenue
$41,588,899
Total expenses
$16,098,998
Contributions and grants received
$30,910,864
Grants paid
$14,572,825
Program service revenue
$0
Investment income
$10,424,391
Other revenue
$253,644
Total assets, end of year
$194,862,644
Total liabilities, end of year
$1,613,814
Net assets or fund balances, end of year
$193,248,830
Program services expenses (Part IX)
$14,572,825
Management and general expenses
$1,526,173
Fundraising expenses
$0
Program service expenses (Part III)
$14,572,825

Program services were 90.5% 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)

    $435,531

  • 1f · All other contributions, gifts and grants

    $30,475,333

  • 1g · Noncash contributions included above

    $69,907

  • 3 · Investment income

    total $3,664,319 · excluded $3,664,319

  • 5 · Royalties

    total $327,093 · excluded $327,093

  • 7a · Gross sales of assets other than inventory

    securities $42,480,275

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

    securities $35,720,203

  • 7c · Gain or loss

    securities $6,760,072

  • 7d · Net gain or loss

    total $6,760,072 · excluded $6,760,072

  • 11a · Other revenue: EVENT REGISTRATION FEE

    total $108,136 · related or exempt $108,136

  • 11b · Other revenue: MANAGEMENT FEES

    total $4,389 · related or exempt $4,389

  • 11c · Other revenue: TAX REFUND

    total $3,760 · excluded $3,760

  • 11d · All other revenue

    total -$189,734 · unrelated business -$189,734

  • 11e · Other revenue, total

    -$73,449

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,572,825 · program services $14,572,825

  • 5 · Compensation of officers, directors and key employees

    total $220,593 · management and general $220,593

  • 7 · Other salaries and wages

    total $257,056 · management and general $257,056

  • 8 · Pension plan contributions

    total $7,283 · management and general $7,283

  • 9 · Other employee benefits

    total $55,445 · management and general $55,445

  • 10 · Payroll taxes

    total $31,391 · management and general $31,391

  • 11b · Fees: legal

    total $117,695 · management and general $117,695

  • 11c · Fees: accounting

    total $61,928 · management and general $61,928

  • 11f · Fees: investment management

    total $580,408 · management and general $580,408

  • 11g · Fees: other

    total $102,766 · management and general $102,766

  • 13 · Office expenses

    total $9,170 · management and general $9,170

  • 14 · Information technology

    total $36,138 · management and general $36,138

  • 16 · Occupancy

    total $18,950 · management and general $18,950

  • 17 · Travel

    total $2,145 · management and general $2,145

  • 19 · Conferences, conventions and meetings

    total $1,650 · management and general $1,650

  • 22 · Depreciation, depletion and amortization

    total $34,636 · management and general $34,636

  • 23 · Insurance

    total $14,249 · management and general $14,249

  • 24a · Other expenses: BANK & CREDIT CARD FEES

    total $33,025 · management and general $33,025

  • 24b · Other expenses: DUES & MEMBERSHIPS

    total $9,657 · management and general $9,657

  • 24c · Other expenses: BOARD ADMINISTRATION

    total $4,278 · management and general $4,278

  • 24e · All other expenses

    total -$72,290 · management and general -$72,290

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,711,493 · end of year $1,001,086

  • 3 · Pledges and grants receivable

    beginning of year $6,526,810 · end of year $26,680,686

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,218 · end of year $13,009

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

    $1,330,671

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

    $634,669

  • 10c · Land, buildings and equipment, net

    beginning of year $730,638 · end of year $696,002

  • 11 · Investments: publicly traded securities

    beginning of year $96,205,060 · end of year $108,986,437

  • 12 · Investments: other securities

    beginning of year $48,353,343 · end of year $45,669,135

  • 15 · Other assets

    beginning of year $8,475,301 · end of year $11,816,289

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,009,507 · end of year $1,080,503

  • 21 · Escrow or custodial account liability

    beginning of year $450,587 · end of year $437,726

  • 25 · Other liabilities

    beginning of year $95,250 · end of year $95,585

  • 27 · Net assets without donor restrictions

    beginning of year $15,712,771 · end of year $18,311,391

  • 28 · Net assets with donor restrictions

    beginning of year $144,782,748 · end of year $174,937,439

Mission and programs · 2023

Mission

THE FOUNDATION IS ENTRUSTED TO PROVIDE SUPPORT AND STEWARD DONATIONS FOR THE UNIVERSITY OF NORTHERN COLORADO.

Activities or mission (Part I)

TO SUPPORT THE UNIVERSITY OF NORTHERN COLORADO.

  • THE FOUNDATION TRANSFERRED APPROXIMATELY $14,500,000 TO UNC DURING THE YEAR. MANY STUDENTS WHO COULD NOT AFFORD COLLEGE WERE OTHERWISE ABLE TO ATTEND BECAUSE OF THE $7,600,000 IN SCHOLARSHIP SUPPORT GIVEN TO UNC BY THE FOUNDATION. THE REMAINING $6,900,000 WENT TO CAPITAL PROJECTS AND PROGRAMS THAT PROVIDE RESEARCH, INNOVATION, TECHNOLOGY, AND OTHER SUPPORT THAT ADVANCE THE QUALITY OF EDUCATION AT UNC.

    Expenses $14,572,825 · Grants $14,572,825 · Revenue $112,525

As filed on the 2023 return.

Listed in Part VII

  • Mike Kirby

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mary Ann Littler

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Debbie Misegadis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lisa Horn

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Davidson

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Sears

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Edwards

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Pat Varney

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Troxell

    PRESIDENT

    Total calculated
    $220,593
    From this org
    $187,397
    From related orgs
    $0
    Other
    $33,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,897
    Bonus
    $8,500
    Other
    $0
    Deferred
    $5,176
    Nontaxable benefits
    $28,020
    Filer's total
    $220,593

  • Eileen Erickson

    CONTROLLER

    Total calculated
    $139,244
    From this org
    $113,204
    From related orgs
    $0
    Other
    $26,040
    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 · Compensation committee
  • 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
TONY TROXELL RECEIVED A DISCRETIONARY BONUS OF $8,500 THAT WAS AWARDED BY THE BOARD OF DIRECTORS.

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

  • UNIVERSITY OF NORTHERN COLORADO

    $14,552,525

    TO PROMOTE THE GENERAL WELFARE, DEVELOPMENT, GROWTH, AND WELL-BEING OF UNC

Provenance

Return type
form_990
Tax year
2023
Filed
28 February 2025
IRS schema version
2023v6.0
Source object
202510629349301041

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