Colorado Mountain College Foundation Inc

Organization Overview

Colorado Mountain College Foundation Inc is located in Glenwood Springs, CO. The organization was established in 1986. 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 06/2022, Colorado Mountain College Foundation Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Mountain College Foundation Inc 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 06/2022, Colorado Mountain College Foundation Inc generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $6.0m during the year ending 06/2022. While expenses have increased by 13.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE EDUCATIONAL ENRICHMENT AND FINANCIAL AID FOR COLORADO MOUNTAIN COLLEGE STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 2022, NEARLY 655 STUDENTS COLLECTIVELY RECEIVED OVER $1.25M IN FOUNDATION SCHOLARSHIP SUPPORT. WITH THE ADDITION OF TWO NEW ENDOWMENTS ESTABLISHED IN FY22, ENDOWED SCHOLARSHIPS WITHIN THE CMC FOUNDATION NOW NUMBER 62; REPRESENTING $14.33M IN ENDOWED SCHOLARSHIP SUPPORT. CMC FOUNDATION SCHOLARSHIPS ARE FUNDED THROUGH GENEROUS GIFTS FROM INDIVIDUALS; INCLUDING 60% 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 ELEVEN CAMPUSES.


COLORADO MOUNTAIN COLLEGE: A DUAL MISSION COLLEGE, OFFERING CERTIFICATE, ASSOCIATE AND BACHELOR DEGREES, SEEKS TO BE THE MOST INCLUSIVE, INNOVATIVE, AND STUDENT-CENTERED COLLEGE IN THE NATION. IN FISCAL YEAR 2022 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 NEARLY $3.7M 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) AND HAS BEGUN RAISING FUNDS FOR THE NEW BRECKENRIDGE FACILITY WHICH BROKE GROUND IN SEPTEMBER 2022. THE PROMISE OF SPRING VALLEY CAPITAL CAMPAIGN, CAME TO A SUCCESSFUL CONCLUSION MEETING IT'S $5 MILLION GOAL, HIGHLIGHTED BY THE NAMING OF THE PAUL AND SHIRLEY BUSHONG STUDENT CENTER. 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.


COLORADO MOUNTAIN COLLEGE OFFERS 7 BACHELOR'S DEGREES IN COLORADO, 54 ASSOCIATE DEGREES AND 77 PROFESSIONAL CERTIFICATES. CMC HAS EARNED THREE PROMINENT DESIGNATIONS THIS PAST YEAR: HISPANIC SERVING INSTITUTION (HSI), HUNGER-FREE CAMPUS AND HEALTHY MINDS. DONATIONS TO CMC VIA THE CMC FOUNDATION HELP TO MAKE THESE TRANSFORMATIONAL OUTCOMES POSSIBLE. THE FEDERAL GOVERNMENT DESIGNATED COLORADO MOUNTAIN COLLEGE AS A 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 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/.


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Board, Officers & Key Employees

Name (title)Compensation
Kristin Colon
CEO & VP For Advancement
$188,745
Jamie Abbott
Director Of Development
$101,032
Norm Bacheldor
Treasurer
$0
Elaine Kelton
Board Chair
$0
Kathy Barger
Vice Chair
$0
Rob Levine
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,105,629
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,977,438
Noncash contributions included in lines 1a–1f $49,140
Total Revenue from Contributions, Gifts, Grants & Similar$5,083,067
Total Program Service Revenue$0
Investment income $484,491
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $852,647
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,420,205

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Colorado Mountain College Foundation Inc has recieved totaling $60,000.

Awarding OrganizationAmount
Gates Family Foundation

Denver, CO

PURPOSE: PROJECT SUPPORT

$60,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,263,906
Earnings-$1,893,655
Net Contributions$224,800
Grants$262,475
Ending Balance$14,332,576

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