Colorado College Th
- Assets
- $1.4b
- Revenue
- $272.1m
- Investments
- $564.6m
- Employees
- 2,324
- Location
- Colorado Springs, CO
- Founding
- 08/1933
- Data as of
- 06/2021
- EIN
- 84-0402510
Organization Overview
Colorado College Th is located in Colorado Springs, CO. The organization was established in 1933. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Colorado College Th employed 2,324 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado College Th 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 06/2021, Colorado College Th generated $272.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $193.4m during the year ending 06/2021. While expenses have increased by 1.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AT COLORADO COLLEGE OUR GOAL IS TO PROVIDE THE FINEST LIBERAL ARTS EDUCATION IN THE COUNTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE UNDERGRADUATE AND MASTER-OF-ARTS IN TEACHING DEGREE PROGRAMS TO APPROXIMATELY 2,100 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Song Richardson President | OfficerTrustee | 40 | $381,773 |
Robert Moore Sr VP Fin/admin/ Co-President | OfficerTrustee | 40 | $525,702 |
Michael Edmonds Sr Vice President / Co-President | OfficerTrustee | 40 | $492,804 |
Jeff Keller Chair | OfficerTrustee | 1 | $0 |
Ryan Haygood Vice Chair | OfficerTrustee | 1 | $0 |
Heather Carroll Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nunn Construction Construction Services | 6/29/22 | $34,514,936 |
Sodexo Inc & Affiliates Custodial Services | 6/29/22 | $3,256,779 |
Bon Appetit Management Company Food Service | 6/29/22 | $5,600,049 |
Optumcare Colorado Healthcare Services | 6/29/22 | $1,939,739 |
Colorado Alliance Of Research Libraries Research Services | 6/29/22 | $607,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,530,714 |
| Investment income | $22,618,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,885,113 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $272,135,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $45,396,940 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,481,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,766,153 |
| Pension plan accruals and contributions | $2,076,231 |
| Other employee benefits | $9,723,196 |
| Payroll taxes | $4,538,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $406,865 |
| Fees for services: Accounting | $139,827 |
| Fees for services: Lobbying | $58,840 |
| Fees for services: Fundraising | $12,000 |
| Fees for services: Investment Management | $5,104,865 |
| Fees for services: Other | $12,340,958 |
| Advertising and promotion | $401,193 |
| Office expenses | $9,832,939 |
| Information technology | $1,019,089 |
| Royalties | $828,716 |
| Occupancy | $3,200,095 |
| Travel | $1,550,309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $161,866 |
| Interest | $4,233,511 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,417,697 |
| Insurance | $2,202,291 |
| All other expenses | $0 |
| Total functional expenses | $193,364,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,718,112 |
| Savings and temporary cash investments | $31,244,164 |
| Pledges and grants receivable | $26,402,173 |
| Accounts receivable, net | $1,656,983 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $135,000 |
| Inventories for sale or use | $672,425 |
| Prepaid expenses and deferred charges | $3,335,125 |
| Investments—publicly traded securities | $424,100,119 |
| Investments—other securities | $564,619,662 |
| Investments—program-related | $1,566,172 |
| Intangible assets | $0 |
| Other assets | $100,329 |
| Total assets | $1,436,368,887 |
| Accounts payable and accrued expenses | $19,770,046 |
| Grants payable | $1,180,100 |
| Deferred revenue | $1,346,623 |
| Tax-exempt bond liabilities | $77,782,683 |
| Escrow or custodial account liability | $7,027,717 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $918,604 |
| Unsecured mortgages and notes payable | $109,576,622 |
| Other liabilities | $11,016,100 |
| Total liabilities | $228,618,495 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,207,750,392 |
Grants Awarded
Over the last fiscal year, Colorado College Th has awarded $13,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: FUNDS RAISED AT QUONY CUP | $5,750 |
THE DOWNTOWN PARTNERSHIP OF COLORADO SPRINGS PURPOSE: BIKE SHARE | $7,500 |