Form 990 for tax year 2022

Totals

Total revenue

$1,684,986

Total expenses

$1,270,531

Contributions and grants received

$1,351,049

Grants paid

$1,178,530

Program service revenue

$0

Investment income

$333,937

Other revenue

$0

Total assets, end of year

$9,311,551

Total liabilities, end of year

$447,180

Net assets or fund balances, end of year

$8,864,371

Program services expenses (Part IX)

$1,192,168

Management and general expenses

$39,717

Fundraising expenses

$38,646

Program service expenses (Part III)

$1,192,168

Program services were 93.8% 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.

Mission and programs · 2022

• THE PRIMARY PROGRAM SERVICE FOR THE RED ROCKS COMMUNITY COLLEGE FOUNDATION IS PROVIDING SCHOLARSHIP ASSISTANCE TO DESERVING STUDENTS, AS THE SINGLE LARGEST BARRIER FOR STUDENTS PURSUING HIGHER EDUCATION IS A LACK OF FINANCIAL RESOURCES. FOR THE 2022-23 ACADEMIC YEAR, 371 STUDENTS RECEIVED SCHOLARSHIPS THROUGH PRIVATE DONATIONS GIVEN TO THE FOUNDATION.

  Expenses $706,630 · Grants $706,630

• ANOTHER PRIMARY PROGRAM SERVICE FOR THE RED ROCKS COMMUNITY COLLEGE FOUNDATION IS THE TEACHING CHAIR PROGRAM, WHICH RECOGNIZES AND REWARDS EXCELLENCE IN THE CLASSROOM. THE TEACHING CHAIR PROGRAM IS COMPETITIVE, REQUIRING SUBMISSION OF A TEACHING PORTFOLIO AND UP TO TWO TEACHING PRESENTATIONS - ONE TO THE INTERNAL FACULTY TEACHING CHAIR COMMITTEE FOR THOSE WHO ARE SELECTED FROM PORTFOLIO REVIEW. THE SECOND DEMONSTRATION IS FOR FINALISTS WHO PRESENT TO THE FOUNDATION BOARD COMMITTEE. FOR THE 2022-2023 ACADEMIC YEAR, FOUR TEACHING CHAIRS WERE SOMEWHERE IN THE THREE-YEAR AWARD PROCESS AND TWO FINALISTS WERE AWARDED A SMALLER PROFESSIONAL DEVELOPMENT STIPEND. EACH FULL AWARD IS FOR $22,500; $5,000 PER YEAR IN SALARY ENHANCEMENT AND $2,500 PER YEAR FOR PROFESSIONAL DEVELOPMENT, RUNNER UP AWARDS ARE $2,500.

  Expenses $31,110 · Grants $31,110

• PROGRAM SUPPORT PROVIDES FUNDING TO VARIOUS RED ROCKS COMMUNITY COLLEGE PROGRAMS INCLUDING RED ROCKS INNOVATIONS IN STEM EDUCATION, CHILDREN'S CENTER, THEATRE AND THE PHYSICIAN ASSISTANT PROGRAM. PROGRAMS RECEIVE DESIGNATED SUPPORT FROM PRIVATE DONATIONS TO PROVIDE EQUIPMENT OR PROJECT SUPPORT THAT WILL BENEFIT THE COLLEGE AND COMMUNITY.

  Expenses $454,428 · Grants $440,790

As filed on the 2022 return.

Listed in Part VII

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

• RED ROCKS COMMUNITY COLLEGE

  $1,170,503

  SCHOLARSHIPS AND GRANTS FOR STUDENTS ATTENDING RED ROCKS COMMUNITY COLLEGE, TEACHING CHAIR AWARDS AND SUPPORT OF VARIOUS CAREER, ACADEMIC, AND TECHNICAL PROGRAMS OFFERED AT THE COLLEGE.

Provenance

Return type

form_990

Tax year

2022

Filed

17 January 2024

IRS schema version

2022v5.0

Source object

202430239349300958

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