Form 990 for tax year 2022
Filed by PIKES PEAK STATE COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $3,447,895
- Total expenses
- $1,717,994
- Contributions and grants received
- $3,343,784
- Grants paid
- $1,682,668
- Program service revenue
- $0
- Investment income
- $104,111
- Other revenue
- $0
- Total assets, end of year
- $6,809,266
- Total liabilities, end of year
- $727,495
- Net assets or fund balances, end of year
- $6,081,771
- Program services expenses (Part IX)
- $1,684,028
- Management and general expenses
- $28,650
- Fundraising expenses
- $5,316
- Program service expenses (Part III)
- $1,684,028
Program services were 98.0% 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)
$924,556
-
1f · All other contributions, gifts and grants
$2,419,228
-
3 · Investment income
total $104,111 · excluded $104,111
-
7a · Gross sales of assets other than inventory
securities $1,873,996
-
7b · Less cost or other basis and sales expenses
securities $1,873,996
-
7c · Gain or loss
securities $0
-
7d · Net gain or loss
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $614,775 · program services $614,775
-
2 · Grants to domestic individuals
total $1,067,893 · program services $1,067,893
-
11c · Fees: accounting
total $23,029 · management and general $22,940 · fundraising $89
-
12 · Advertising and promotion
total $4,300 · fundraising $4,300
-
13 · Office expenses
total $1,189 · program services $1,146 · fundraising $43
-
14 · Information technology
total $747 · management and general $747
-
17 · Travel
total $1,210 · program services $214 · management and general $992 · fundraising $4
-
19 · Conferences, conventions and meetings
total $2,807 · management and general $1,927 · fundraising $880
-
23 · Insurance
total $1,253 · management and general $1,253
-
24a · Other expenses: BUSINESS FEES
total $791 · management and general $791
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $168,812 · end of year $169,249
-
2 · Savings and temporary cash investments
beginning of year $898,982 · end of year $1,698,647
-
3 · Pledges and grants receivable
beginning of year $475,000 · end of year $983,884
-
7 · Other notes and loans receivable
beginning of year $251,688 · end of year $261,805
-
10a · Land, buildings and equipment: cost or other basis
$1,787
-
10b · Land, buildings and equipment: accumulated depreciation
$1,787
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $3,154,823 · end of year $3,695,681
-
17 · Accounts payable and accrued expenses
beginning of year $344,494 · end of year $174,540
-
19 · Deferred revenue
beginning of year $504,782 · end of year $552,955
-
27 · Net assets without donor restrictions
beginning of year -$343,786 · end of year -$438,799
-
28 · Net assets with donor restrictions
beginning of year $4,443,815 · end of year $6,520,570
Mission and programs · 2022
Mission
THE MISSION OF PIKES PEAK STATE COLLEGE FOUNDATION IS TO ENHANCE THE CAPACITY OF PIKES PEAK STATE COLLEGE TO EDUCATE AND TRAIN ITS STUDENTS BY PROVIDING FINANCIAL SUPPORT FOR STUDENT SCHOLARSHIPS AND SELECTED PROGRAMS AND PROJECTS.
Activities or mission (Part I)
TO RECEIVE, INVEST AND ADMINISTER PROPERTY FOR THE BENEFIT OF PIKES PEAK STATE COLLEGE.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $1,684,028 · Grants $1,682,668
-
THE PIKES PEAK STATE COLLEGE FOUNDATION IS THE PHILANTHROPIC ARM OF PPSC AND, AS SUCH, RAISES FUNDS FOR STRATEGIC COLLEGE INITATIVES. INCLUDED IN THE 2022 OPERATIONS ARE EQUIPMENT PURCHASES FOR THE DELTA DENTAL CENTER, EDUCATION AND SIMULATION, AND A NEW CAMPUS DEDICATED TO INCREASE THE NUMBER OF GRADUATES IN HEALTHCARE PROGRAMS SUCH AS NURSING, MEDICAL ASSISTANTS, AND PHARMACY/DENTISTRY TECHNICIANS. THESE GRADUATES ARE IN HIGH DEMAND FOR THE PIKES PEAK REGION, A CRITICAL COMPONENT OF PLANS TO ADDRESS DEVASTATING HEALTHCARE WORKFORCE SHORTAGES IN THIS REGION.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Danielle SummervilleDANIELLE SUMMERVILLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kenya LeeDR KENYA LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Martha BartonMARTHA BARTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael SchroederMICHAEL SCHROEDER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Murray WeinerMURRAY WEINER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie EdwardsSTEPHANIE EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cj MooreCJ MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shirley StewartSHIRLEY STEWART
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jordan AyersJORDAN AYERS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ann CesareANN CESARE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa JamesLISA JAMES
EXCUTIVE DIRECTOR
- Total calculated
- $113,425
- From this org
- $0
- From related orgs
- $96,692
- Other
- $16,733
- Hours/week
- 10 + 40 related
-
Darlene MelbyDARLENE MELBY
INTERIM EXECUTIVE DIRECTOR
- Total calculated
- $86,497
- From this org
- $0
- From related orgs
- $74,884
- Other
- $11,613
- Hours/week
- 10 + 40 related
-
Jessica KnudtzonJESSICA KNUDTZON
INTERIM EXECUTIVE DIRECTOR
- Total calculated
- $95,226
- From this org
- $0
- From related orgs
- $79,962
- Other
- $15,264
- Hours/week
- 10 + 40 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.
Grants on this return
-
PIKES PEAK STATE COLLEGE
$236,850
GENERAL OPERATIONS
-
PIKES PEAK STATE COLLEGE
$0
USE RELATED TO THE NEW BUILDING
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.
-
PIKES PEAK STATE COLLEGE
170(B)(1)(A)(IV) · COMMUNITY COLLEGE · CO
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441359349307614
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