Form 990 for tax year 2022

Totals

Total revenue

$7,283,939

Total expenses

$4,243,956

Contributions and grants received

$6,928,285

Grants paid

$2,740,291

Program service revenue

$0

Investment income

$355,654

Other revenue

$0

Total assets, end of year

$29,052,969

Total liabilities, end of year

$1,309,001

Net assets or fund balances, end of year

$27,743,968

Program services expenses (Part IX)

$3,087,881

Management and general expenses

$692,364

Fundraising expenses

$463,711

Program service expenses (Part III)

$3,087,881

Program services were 72.8% 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

• GRANTS MADE TO INDIVIDUALS REPRESENT THE PRIORITIZED FUNDRAISING FOCUS OF THE COLORADO MOUNTAIN COLLEGE (CMC) FOUNDATION; ENABLING STUDENTS THE OPPORTUNITY TO PURSUE THEIR COLLEGE AND CAREER GOALS WITH THE ASSISTANCE OF SCHOLARSHIP SUPPORT. IN FISCAL YEAR 2023, NEARLY 800 STUDENTS COLLECTIVELY RECEIVED OVER 1.3M IN FOUNDATION SCHOLARSHIP SUPPORT. WITH THE ADDITION OF 6 NEW ENDOWMENTS ESTABLISHED IN FY23, ENDOWED SCHOLARSHIPS WITHIN THE CMC FOUNDATION NOW NUMBER 70; REPRESENTING 16.8M IN ENDOWED SCHOLARSHIP SUPPORT. CMC FOUNDATION SCHOLARSHIPS ARE FUNDED THROUGH GENEROUS GIFTS FROM INDIVIDUALS; INCLUDING 50% OF CMC'S FACULTY AND STAFF, ALUMNI, FOUNDATIONS, AND BUSINESS AND COMMUNITY PARTNERS WHO VALUE HOW FAR A SCHOLARSHIP CAN GO AT COLORADO MOUNTAIN COLLEGE WITH OUR LOW-COST TUITION AND HIGH-QUALITY DEGREE AND CERTIFICATE PROGRAMS AND THE LIFE-CHANGING IMPACT A SCHOLARSHIP HAS ON ITS RECIPIENT. SCHOLARSHIPS HAVE BEEN ESTABLISHED TO HONOR FORMER STUDENTS, FACULTY AND STAFF MEMBERS, AND FRIENDS OF COLORADO MOUNTAIN COLLEGE. THEY ARE ADMINISTERED BY THE CMC FOUNDATION AND COMMUNITY VOLUNTEERS WHO ASSIST WITH THE SELECTION PROCESS OF RECIPIENTS. SCHOLARSHIPS SUPPORT A RANGE OF OPPORTUNITIES WITHIN CMC ACROSS OUR 11 CAMPUSES.

  Expenses $1,167,993 · Grants $1,167,993

• COLORADO MOUNTAIN COLLEGE, A DUAL MISSION COLLEGE, OFFERING CERTIFICATES, ASSOCIATE, AND BACHELOR'S DEGREES, SEEKS TO BE THE MOST INCLUSIVE, INNOVATIVE, AND STUDENT-CENTERED COLLEGE IN THE NATION. IN FISCAL YEAR 2023 THE CMC FOUNDATION TOOK IN SIGNIFICANT DONATIONS/PLEDGES IN SUPPORT OF THE FOUNDATION'S "RURAL NURSING SUCCESS FUND," WHICH SUPPORTS FUNDING FOR NEW NURSING SIMULATION LABS, SIMULATION TECHNOLOGY, AND NURSING SCHOLARSHIPS. THE CMC FOUNDATION SECURED OVER 5.2M IN CAPITAL CAMPAIGN PLEDGES/DONATIONS FOR THE PROGRAM'S THREE NEW HIGH-FIDELITY NURSING SIMULATION LABS IN STEAMBOAT SPRINGS (COMPLETED IN SPRING 2021) AND SPRING VALLEY (COMPLETED IN FALL 2022), INCLUSIVE OF RAISING MORE THAN 2M IN THIS PAST FISCAL YEAR TO OPEN THE BRECKENRIDGE NURSING SIMULATION & OUTDOOR SKILLS LAB (COMPLETED IN FALL 2023). PLEDGES FROM THE SUCCESSFUL "THE PROMISE OF SPRING VALLEY" 5M CAPITAL CAMPAIGN, COMPLETED IN FY22, CONTINUE TO BE PAID OFF. A NEW CAPITAL CAMPAIGN WAS ALSO LAUNCHED IN FY23, IN SUPPORT OF CMC'S APPLICATION TO ADD A NEW DENTAL HYGIENE DEGREE PROGRAM. THE CMC FOUNDATION RAISED 1.5M OF A 2M GOAL, IN SUPPORT OF A NEW ORAL HEALTH CLINIC, TO SUPPORT OUR DENTAL HYGIENE STUDENTS, WHO WILL OFFER PREVENTATIVE CARE AT THE CMC VAIL VALLEY AT EDWARDS CAMPUS AS PART OF THEIR CURRICULUM. DONATIONS TO CMC'S RURAL TEACHER FELLOWSHIP PROGRAM CONTINUE TO BE OF INTEREST TO DONORS AS WELL. THIS PROGRAM IS DESIGNED TO PROVIDE EVERY TEACHER CANDIDATE WHO AGREES TO STUDENT TEACH IN ONE OF OUR LOCAL SCHOOLS WITH A 10,000 HOUSING STIPEND AND A GUARANTEE OF A JOB IN THE DISTRICT. THIS 10,000 STIPEND IS FUNDED HALF BY THE STATE OF COLORADO THROUGH RECENTLY PASSED LEGISLATION AND REQUIRES A 50% (5,000) PRIVATE MATCH PER FELLOW.

  Expenses $1,572,298 · Grants $1,572,298

• COLORADO MOUNTAIN COLLEGE OFFERS 7 ACADEMIC PATHWAYS WITH MORE THAN 130 PROGRAMS. DYNAMIC COMBINATIONS OF DEGREES (INCLUDING 8 BACHELOR'S DEGREES), CERTIFICATES, MINORS, AND SPECIALTIES EMPOWER STUDENTS TO EXPLORE OPPORTUNITIES AND CHOOSE THEIR OWN ADVENTURE. CMC'S RECENT PROMINENT DESIGNATIONS: HISPANIC SERVING INSTITUTION (HSI), HUNGER-FREE CAMPUS, AND HEALTHY MINDS, CONTINUE TO DRIVE IMPORTANT STRATEGIC DECISIONS AND PRIORITIZATION. DONATIONS TO CMC VIA THE CMC FOUNDATION HELP TO MAKE THESE TRANSFORMATIONAL OUTCOMES POSSIBLE. THE FEDERAL GOVERNMENT DESIGNATED COLORADO MOUNTAIN COLLEGE AS AN HSI IN 2021 AFTER YEARS OF DELIBERATE EFFORTS TO GROW CMC'S STUDENT BODY TO BE 25% OR MORE LATINO (NOW AT 28%). THE HSI DESIGNATION MEANS THE COLLEGE IS NOW ELIGIBLE FOR ADDITIONAL GRANT FUNDING THAT BENEFITS ALL STUDENTS. CMC IS THE FIRST HSI LOCATED IN COLORADO'S RURAL, HIGH-COST MOUNTAIN RESORT REGION. ONLY ABOUT ONE-THIRD OF COLORADO'S PUBLIC COLLEGES HAVE BEEN GRANTED HSI STATUS. CMC ACHIEVED ITS HSI DESIGNATION THROUGH DELIBERATE EFFORTS TO INCREASE ENROLLMENT AMONG LATINO STUDENTS. IN 2013, CMC'S LATINO POPULATION WAS APPROXIMATELY 13% OF OVERALL ENROLLMENTS, WHICH WAS NOT REPRESENTATIVE OF THE GENERAL POPULATION. THE COLLEGE PROMPTLY ADOPTED PERFORMANCE OBJECTIVES FOR EACH OF ITS 11 CAMPUSES AND THE COLLEGE. IN EVERY CATEGORY - ENROLLMENT, RETENTION, CREDIT ACCUMULATION AND COURSE COMPLETION - THE COLLEGE FOCUSED ON DISPARITIES BETWEEN LATINO AND NON-LATINO STUDENTS. CMC FOUNDATION SCHOLARSHIPS FOR UNDERSERVED STUDENTS CONTINUES TO GROW AS WELL IN SUPPORT OF ALL STUDENTS. THE HUNGER-FREE CAMPUS DESIGNATION CAME IN LARGE PART THANKS TO THE FOOD PANTRIES PILOTED BY THE CMC FOUNDATION AT THE VAIL VALLEY AT EDWARDS CAMPUS, WHICH WAS THEN REPLICATED AT EACH OF OUR CAMPUSES WITH SUPPORT FROM THE FOUNDATION. HUNGER FOR COLLEGE STUDENTS REMAINS A NATIONAL ISSUE AND THE FOUNDATION IS COMMITTED TO HELPING STUDENTS AT CMC BE HUNGER-FREE. FINALLY, THE COLORADO DEPARTMENT OF HIGHER EDUCATION RECENTLY AWARDED COLORADO MOUNTAIN COLLEGE A HEALTHY MINDS DESIGNATION, RECOGNIZING CMC'S ONGOING WORK IN ADDRESSING THE MENTAL HEALTH NEEDS OF ITS STUDENTS. MANY OF THE PROGRAMS IN SUPPORT OF THIS IMPORTANT INITIATIVE RECEIVE FUNDING FROM INDIVIDUALS, BUSINESSES, OR FOUNDATIONS THROUGH THE CMC FOUNDATION. TO LEARN MORE: HTTPS://COLORADOMTN.EDU/CMC-NEWS/COLORADO- MOUNTAIN-COLLEGE-EARNS-HEALTHY-MINDS-DESIGNATION/.

  Expenses $347,590

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

Listed in Part VII

• KRISTIN HEATH COLON

  CEO VP ADVAN

  Total calculated

  $257,961

  From this org

  $196,158

  From related orgs

  $0

  Other

  $61,803

  Hours/week

  50

  Schedule J breakdown matched by us

  Base

  $192,995

  Bonus

  $3,163

  Other

  —not reported

  Deferred

  $38,090

  Nontaxable benefits

  $23,713

  Filer's total

  $257,961

• ESGAR ACOSTA

  DIRECTOR

  Total calculated

  $0

  Hours/week

  1

• PHILLIPS ARMSTRONG JR

  DIRECTOR

  Total calculated

  $0

  Hours/week

  1

• NORM BACHELDOR

  BOARD CHAIR

  Total calculated

  $0

  Hours/week

  2

• KATHY BARGER

  DIRECTOR

  Total calculated

  $0

  Hours/week

  1

• SALLY BRANDS

  SECRETARY

  Total calculated

  $0

  Hours/week

  2

• LAUREN CORNISH

  DIR-8/2022

  Total calculated

  $0

  Hours/week

  1

• LUELLA CHAVEZ D'ANGELO

  VICE CHAIR

  Total calculated

  $0

  Hours/week

  2

• COLLEEN DELIA

  DIRECTOR

  Total calculated

  $0

  Hours/week

  1

• ELIZABETH DIAMOND

  DIR-5/2023

  Total calculated

  $0

  Hours/week

  1

• URSULA GROSS

  DIRECTOR

  Total calculated

  $0

  Hours/week

  1

• ROGER HENNEFELD

  DIR-5/2023

  Total calculated

  $0

  Hours/week

  1

• ELAINE KELTON

  DIRECTOR

  Total calculated

  $0

  Hours/week

  1

• JOAV KOHN

  DIRECTOR

  Total calculated

  $0

  Hours/week

  1

• ROB LEVINE

  TREASURER

  Total calculated

  $0

  Hours/week

  2

• FERDINAND LIOTTA

  DIR-6/2022

  Total calculated

  $0

  Hours/week

  1

• MERILEE MAUPIN

  DIR-6/2022

  Total calculated

  $0

  Hours/week

  1

• KEITH MOFFETT

  DIR-6/2022

  Total calculated

  $0

  Hours/week

  1

• TRISH SHAPIRO

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• SARAH VAINE

  DIR-8/2022

  Total calculated

  $0

  Hours/week

  1

• DOUG YEAKEL

  DIRECTOR

  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

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

• COLORADO MOUNTAIN COLLEGE DISTRICT

  $1,572,298

  CAMPUS DISBURSEMENTS

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 MOUNTAIN COLLEGE

  501C1 · COLLEGE · CO

Provenance

Return type

form_990

Tax year

2022

Filed

4 December 2023

IRS schema version

2022v5.0

Source object

202343389349300344

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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