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Nonprofiteer
← METROPOLITAN STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by METROPOLITAN STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$1,489,008
Total expenses
$1,105,903
Contributions and grants received
$1,194,174
Grants paid
$852,860
Program service revenue
$0
Investment income
$253,589
Other revenue
$41,245
Total assets, end of year
$11,284,796
Total liabilities, end of year
$128,304
Net assets or fund balances, end of year
$11,156,492
Program services expenses (Part IX)
$887,478
Management and general expenses
$157,884
Fundraising expenses
$60,541
Program service expenses (Part III)
$887,478

Program services were 80.2% 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

    $1,194,174

  • 1g · Noncash contributions included above

    $27,216

  • 3 · Investment income

    total $253,589 · excluded $253,589

  • 10a · Gross sales of inventory

    $926

  • 10c · Net income from sales of inventory

    total $926 · excluded $926

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $36,556 · excluded $36,556

  • 11b · Other revenue: EVENT REVENUE

    total $1,950 · excluded $1,950

  • 11c · Other revenue: OTHER REVENUE

    total $1,813 · excluded $1,813

  • 11e · Other revenue, total

    $40,319

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $489,712 · program services $489,712

  • 2 · Grants to domestic individuals

    total $363,148 · program services $363,148

  • 11c · Fees: accounting

    total $46,076 · management and general $46,076

  • 11f · Fees: investment management

    total $43,722 · management and general $43,722

  • 14 · Information technology

    total $47,055 · management and general $47,055

  • 23 · Insurance

    total $1,493 · management and general $1,493

  • 24a · Other expenses: MISCELLANEOUS

    total $37,325 · management and general $18,662 · fundraising $18,663

  • 24b · Other expenses: EVENTS AND PUBLICATIONS

    total $35,178 · fundraising $35,178

  • 24c · Other expenses: DEVELOPMENT STAFF SUPPORT

    total $26,727 · program services $26,727

  • 24d · Other expenses: OTHER ALUMNI ASSOCIATION

    total $7,015 · program services $7,015

  • 24e · All other expenses

    total $8,452 · program services $876 · management and general $876 · fundraising $6,700

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,747 · end of year $60,621

  • 2 · Savings and temporary cash investments

    beginning of year $15,879 · end of year $16,113

  • 3 · Pledges and grants receivable

    beginning of year $924,530 · end of year $635,034

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,867 · end of year $55,826

  • 11 · Investments: publicly traded securities

    beginning of year $9,210,640 · end of year $10,517,202

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,015 · end of year $108,304

  • 18 · Grants payable

    beginning of year $7,000 · end of year $6,500

  • 19 · Deferred revenue

    end of year $13,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,204,295 · end of year $1,240,561

  • 28 · Net assets with donor restrictions

    beginning of year $8,989,353 · end of year $9,915,931

Mission and programs · 2022

Mission

TO GENERATE PUBLIC AND PRIVATE SUPPORT AND AWARENESS FOR METROPOLITAN STATE UNIVERSITY.

  • TO PROVIDE SUPPORT TO THE VARIOUS UNIVERSITY ACADEMIC PROGRAMS AND SPECIAL INITIATIVES, ENABLING THE FURTHER STRENGTHENING OF THESE PROGRAMS. SIGNIFICANT PROGRAMS DEVELOPED AND ASSISTED WERE THE URBAN EDUCATION PROGRAM, AND THE SAFE FUND PROGRAM, WHICH PROVIDES EMERGENCY FUNDING FOR STUDENT FINANCIAL EMERGENCIES

    Expenses $489,712 · Grants $489,712

  • TO PROVIDE SUPPORT TO STUDENTS WITH FINANCIAL NEED THROUGH THE FOUNDATION'S PRIVATELY FUNDED SCHOLARSHIP PROGRAM. APPROXIMATELY 366 SCHOLARSHIPS WERE AWARDED THIS YEAR

    Expenses $363,148 · Grants $363,148

  • THE ALUMNI ASSOCIATION IS TO GENERATE MAXIMUM PUBLIC AWARENESS FOR THE UNIVERSITY, TO RECOGNIZE THE ACCOMPLISHMENTS AND CONTRIBUTIONS OF ALUMNI AND FACULTY, INSPIRE PROSPECTIVE STUDENTS TO ATTEND THE UNIVERSITY, COLLABORATE WITH THE UNIVERSITY IN ITS EFFORT TO BUILD RELATIONSHIPS WITH ALUMNI AND CONSTITUENCY, AND HELP STUDENTS FOSTER A LIFELONG RELATIONSHIP WITH THE UNIVERSITY.

    Expenses $7,015

  • TO PROVIDE SUPPORT TO OPERATE THE FOUNDATION INCLUDING FUNDRAISING SUPPORT AND DISCRETIONARY FUNDS TO ASSIST THE UNIVERSITY IN MEETING OBLIGATIONS.

    Expenses $27,603

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

Listed in Part VII

  • RACHEL HUGHES

    ASSOCIATE VP

    Total calculated
    $160,229
    From this org
    $0
    From related orgs
    $123,600
    Other
    $36,629
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $123,600 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $36,629 related
    Filer's total
    not reported + $160,229 related

  • JOSEPH ELLIS

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • JEANETTE AUGUSTON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • HARPREET ANAND

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • OCHEN KAYLAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • ZEESHAN BAIG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • CHRISTINE BOESE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • WENDY BREKKEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • ROBERT CARTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • TONY GAGLIARDO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • EZELL JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • SUHANTHI KAMESH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • GREG LAIS

    TRUSTEE (RES

    Total calculated
    $0
    Hours/week
    0.1

  • JAY LAUGHLIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • MICHAEL O'CONNOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • COLIN PARTRIDGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • BETH RUSSELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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
  • 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

  • METROPOLITAN STATE UNIVERSITY

    $489,712

    UNIVERSITY SUPPORT

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 November 2023
IRS schema version
2022v5.0
Source object
202313409349301356

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