Colorado State University Foundation
- Assets
- $751.9m
- Revenue
- $89.6m
- Investments
- $323.8m
- Employees
- 17
- Location
- Fort Collins, CO
- Founding
- 02/1971
- Data as of
- 06/2023
- EIN
- 23-7098397
Organization Overview
Colorado State University Foundation is located in Fort Collins, CO. The organization was established in 1971. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Colorado State University Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado State University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Colorado State University Foundation generated $89.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $90.9m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Colorado State University Foundation has awarded 30 individual grants totaling $301,683,810. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLORADO STATE UNIVERSITY FOUNDATION RECEIVES, MANAGES AND INVESTS GIFTS IN SUPPORT OF CSU.
Describe the Organization's Program Activity:
CSU FOUNDATION ASSISTED IN THE PROMOTION, DEVELOPMENT AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND OPPORTUNITIES OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). DURING THE YEAR, THE FOUNDATION TRANSFERRED APPROXIMATELY $83,000,000 TO CSU AND AFFILIATES. BECAUSE OF THIS AID, CSU WAS ABLE TO AWARD SCHOLARSHIPS AND FELLOWSHIPS TO ITS STUDENTS; PROVIDE FOR ACADEMIC AND INSTRUCTIONAL SUPPORT, RESEARCH EFFORTS, INSTITUTIONAL SUPPORT; AND OPERATION AND MAINTENANCE OF FACILITIES AND EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Martell Director | Trustee | 1 | $0 |
Ric Thomas Director/past Chair | OfficerTrustee | 1 | $0 |
Scott Thisted Director | Trustee | 1 | $0 |
David Diehl Director | Trustee | 1 | $0 |
Luke Daniel Director | Trustee | 1 | $0 |
Mark Smith Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clearwater Analytics Investment Accounting | 6/29/23 | $120,929 |
Nepc Llc Investment Management | 6/29/23 | $630,907 |
Brownstein Hyatt Farber Schreck Llp Legislative Relations | 6/29/23 | $120,428 |
Woodberry Associates Llc Legislative Relations | 6/29/23 | $400,278 |
Plante & Moran Pllc Audit & Tax | 6/29/23 | $112,657 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,303,052 |
| Noncash contributions included in lines 1a–1f | $5,975,897 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,378,827 |
| Total Program Service Revenue | $0 |
| Investment income | $5,815,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,787,177 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,557,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $82,689,633 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $20,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $964,482 |
| Compensation of current officers, directors, key employees. | $964,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,156,585 |
| Pension plan accruals and contributions | $108,957 |
| Other employee benefits | $176,389 |
| Payroll taxes | $129,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,884 |
| Fees for services: Accounting | $112,188 |
| Fees for services: Lobbying | $448,550 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,614,013 |
| Fees for services: Other | $111,880 |
| Advertising and promotion | $300 |
| Office expenses | $17,941 |
| Information technology | $250,854 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,479 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,383 |
| Insurance | $94,553 |
| All other expenses | $32,565 |
| Total functional expenses | $90,881,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $714,026 |
| Savings and temporary cash investments | $1,396,639 |
| Pledges and grants receivable | $30,837,998 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,221 |
| Net Land, buildings, and equipment | $348,469 |
| Investments—publicly traded securities | $392,050,610 |
| Investments—other securities | $323,811,678 |
| Investments—program-related | $1,561,316 |
| Intangible assets | $0 |
| Other assets | $1,194,470 |
| Total assets | $751,934,427 |
| Accounts payable and accrued expenses | $1,017,594 |
| Grants payable | $8,859,905 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,343,366 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $770,033 |
| Total liabilities | $26,990,898 |
| Net assets without donor restrictions | $38,747,204 |
| Net assets with donor restrictions | $686,196,325 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $751,934,427 |
Grants Awarded
Over the last fiscal year, Colorado State University Foundation has awarded $82,689,633 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FORESTS PURPOSE: CONSERVATION | $10,000 |
COLORADO STATE UNIVERSITY PURPOSE: EDUCATION | $82,619,633 |
BAT CONSERVATION INTERNATIONSL INC PURPOSE: CONSERVATION | $10,000 |
COLORADO RIO GRANDE RESTORATION FOUNDATION PURPOSE: CONSERVATION | $10,000 |
VALENCIA SOIL AND WATER CONSERVATION DISTRICT PURPOSE: CONSERVATION | $10,000 |
CHAMA PEAK LAND ALLIANCE PURPOSE: CONSERVATION | $10,000 |