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 06/2023, 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 06/2023, Colorado Mountain College Foundation Inc generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $4.2m during the year ending 06/2023. While expenses have increased by 7.0% per year over the past 8 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

2023

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 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.


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.


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/.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Kristin Heath Colon
CEO VP Advan
$196,158
Esgar Acosta
Director
$0
Phillips Armstrong Jr
Director
$0
Norm Bacheldor
Board Chair
$0
Kathy Barger
Director
$0
Sally Brands
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,121,620
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,806,665
Noncash contributions included in lines 1a–1f $57,520
Total Revenue from Contributions, Gifts, Grants & Similar$6,928,285
Total Program Service Revenue$0
Investment income $660,025
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$304,371
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,283,939

Peer Organizations

Organization NameAssets
University Of Utah Research Foundation
Salt Lake City, UT
$28,580,220
New Mexico State University Foundation Inc
Las Cruces, NM
$111,307,691
University Of Northern Colorado Foundation Inc
Greeley, CO
$14,757,441
Fundamental Literacy Foundation
Wichita, KS
$2,115,637
Diagnostic Services Of Kansas State Inc
Manhattan, KS
$15,045,005
Emporia State University Foundation
Emporia, KS
$15,768,413
Colorado Mesa University Foundation
Grand Junciton, CO
$13,253,437
Pittsburg State University Foundation Inc
Pittsburg, KS
$15,724,872
Fort Hays State University Foundation
Hays, KS
$16,562,010
San Tan Montessori School Inc
Gilbert, AZ
$10,178,872
Casper College Foundation
Casper, WY
$11,522,950
Southwestern Oklahoma State University Foundation Inc
Weatherford, OK
$4,404,219
Colorado State University-Pueblo Foundation
Pueblo, CO
$7,087,877
Omaha Schools Foundation
Omaha, NE
$9,559,467
K-State Olathe Innovation Campus Inc
Olathe, KS
$10,222,325
Greathearts Foundation
Phoenix, AZ
$9,688,596
Dsst Public Schools Foundation
Denver, CO
$10,627,945
Western Colorado University Foundation
Gunnison, CO
$6,742,996
Casady School Private Foundation Inc
Oklahoma City, OK
$504,615
Catholic Foundation For Diocese Of Salina
Salina, KS
$5,544,488
East Central University Foundation Inc
Ada, OK
$10,481,082
Colorado Mountain College Foundation Inc
Glenwood Springs, CO
$7,283,939
Foundation For The Mcknight Center For The Performing Arts
Stillwater, OK
$3,647,712
Austin College Trust Fund 477001010
Tulsa, OK
$1,168,939
Cable Center
Denver, CO
$2,648,762

Create an account to unlock the data you need.

or