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Nonprofiteer
← WESTERN COLORADO UNIVERSITY FOUNDATION

Form 990 for tax year 2024

Filed by WESTERN COLORADO UNIVERSITY FOUNDATION.

Totals

Total revenue
$17,124,103
Total expenses
$10,313,640
Contributions and grants received
$15,950,495
Grants paid
$0
Program service revenue
$0
Investment income
$1,104,652
Other revenue
$68,956
Total assets, end of year
$54,579,613
Total liabilities, end of year
$330,450
Net assets or fund balances, end of year
$54,249,163
Program services expenses (Part IX)
$9,274,008
Management and general expenses
$658,463
Fundraising expenses
$381,169
Program service expenses (Part III)
$9,274,008

Program services were 89.9% 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.

  • 1c · Fundraising events

    $404,081

  • 1e · Government grants (contributions)

    $270,000

  • 1f · All other contributions, gifts and grants

    $15,276,414

  • 1g · Noncash contributions included above

    $3,606,787

  • 3 · Investment income

    total $896,880 · related or exempt $896,880

  • 5 · Royalties

    total $35,528 · related or exempt $35,528

  • 7a · Gross sales of assets other than inventory

    securities $3,155,270

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

    securities $2,947,498

  • 7c · Gain or loss

    securities $207,772

  • 7d · Net gain or loss

    total $207,772 · related or exempt $207,772

  • 8a · Fundraising events: gross income

    $100,699

  • 8a · Fundraising events: contributions included on line 1c

    $404,081

  • 8c · Net income from fundraising events

    total $100,699 · excluded $100,699

  • 11a · Other revenue: WRITE DOWN OF ASSET TO NRV

    total -$67,271 · related or exempt -$67,271

  • 11e · Other revenue, total

    -$67,271

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,478,351 · program services $1,067,270 · management and general $246,624 · fundraising $164,457

  • 8 · Pension plan contributions

    total $50,758 · program services $3,893 · management and general $28,115 · fundraising $18,750

  • 9 · Other employee benefits

    total $59,883 · program services $4,593 · management and general $33,169 · fundraising $22,121

  • 10 · Payroll taxes

    total $7,757 · program services $595 · management and general $4,297 · fundraising $2,865

  • 11c · Fees: accounting

    total $17,500 · management and general $17,500

  • 11f · Fees: investment management

    total $185,538 · management and general $185,538

  • 11g · Fees: other

    total $94,290 · program services $92,747 · management and general $1,543

  • 12 · Advertising and promotion

    total $82,333 · program services $82,333

  • 13 · Office expenses

    total $17,742 · management and general $9,947 · fundraising $7,795

  • 22 · Depreciation, depletion and amortization

    total $23,152 · program services $23,152

  • 23 · Insurance

    total $27,388 · program services $12,501 · management and general $14,887

  • 24a · Other expenses: IN-KIND EXPENSES

    total $3,410,801 · program services $3,396,801 · management and general $14,000

  • 24b · Other expenses: SCHOLARSHIPS

    total $2,249,403 · program services $2,249,403

  • 24c · Other expenses: CAPITAL EQUIPMENT & SOFTW

    total $1,009,905 · program services $956,811 · management and general $53,094

  • 24d · Other expenses: SUPPLIES & EQUIPMENT

    total $460,119 · program services $460,119

  • 24e · All other expenses

    total $1,138,720 · program services $923,790 · management and general $49,749 · fundraising $165,181

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $115,182 · end of year $19,323

  • 2 · Savings and temporary cash investments

    beginning of year $105,856 · end of year $415,070

  • 3 · Pledges and grants receivable

    beginning of year $2,834,285 · end of year $3,771,695

  • 4 · Accounts receivable

    beginning of year $51,066 · end of year $109,472

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

    $2,394,619

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

    $1,120,901

  • 10c · Land, buildings and equipment, net

    beginning of year $1,429,419 · end of year $1,273,718

  • 11 · Investments: publicly traded securities

    beginning of year $38,930,322 · end of year $43,656,532

  • 15 · Other assets

    beginning of year $1,390,722 · end of year $5,333,803

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,093,337 · end of year $330,450

  • 27 · Net assets without donor restrictions

    beginning of year $1,474,669 · end of year $2,946,255

  • 28 · Net assets with donor restrictions

    beginning of year $42,288,846 · end of year $51,302,908

Mission and programs · 2024

Mission

THE MISSION OF THE FOUNDATION IS TO AID, DIRECTLY OR INDIRECTLY, WESTERN COLORADO UNIVERSITY IN FULFILLING ITS EDUCATIONAL PURPOSES

  • EXPENDITURE OF FUNDS FOR THE BENEFIT OF, OR USE BY, WESTERN COLORADO UNIVERSITY

    Expenses $9,274,008

As filed on the 2024 return.

Listed in Part VII

  • Paula Hendrickson

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ruth Welch

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kathy Lockhart

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Carol Rieger

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Brian Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chip Creager

    DIRECTOR

    Total calculated
    $0

  • Don Farlow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Denise Halligan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracy Hoart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Holway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Leach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Liles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Paddock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joanie Todd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shelley Thompson

    EXECUTIVE DI

    Total calculated
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.0
Source object
202543049349302319

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