Metropolitan State University Of Denver Foundation Inc

Organization Overview

Metropolitan State University Of Denver Foundation Inc is located in Denver, CO. The organization was established in 1967. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan State University Of Denver 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 06/2021, Metropolitan State University Of Denver Foundation Inc generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $5.5m during the year ending 06/2021. While expenses have increased by 6.8% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE GENERAL WELFARE AND DEVELOPMENT OF THE METROPOLITAN STATE UNIVERSITY OF DENVER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FUNDS ARE RAISED FOR THE BENEFIT OF THE STUDENTS, FACULTY, AND ADMINISTRATION OF THE METROPOLITAN STATE UNIVERSITY OF DENVER FOUNDATION, INC. FUNDS ARE ALSO USED TO PUBLICIZE, PROMOTE AND SUPPORT THE ADVANCEMENT OF THE UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Lori Herrera
CFO
$97,831
Christine Marquez-Hudson
Executive Director
$28,779
Ferd Belz
Chair
$0
Patty Gage
Secretary
$0
Dawn Bookhardt
Vice-Chair
$0
Marti Awad
Treasurer
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$6,898,951
Investment income $530,488
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $65,592
Net Gain/Loss on Asset Sales $722,492
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,404,522

Grants Awarded

Over the last fiscal year, Metropolitan State University Of Denver Foundation Inc has awarded $4,900,983 in support to 2 organizations.

Grant RecipientAmount

METROPOLITAN STATE UNIVERSITY OF DENVER

PURPOSE: THE FUNDS ARE USED BY THE UNIVERSITY TO AWARD SCHOLARSHIPS TO INDIVIDUALS AND TO SUPPORT ACADEMIC ACTIVITIES, PROGRAMS AND INITIATIVES.

$4,891,583

METROPOLITAN STATE COLLEGE OF DENVER ALUMNI ASSOCIATION

Org PageRecipient Profile

Denver, CO

PURPOSE: MSU DENVER FOUNDATION HAS AN MOU WITH THE ALUMNI ASSOCIATION WHERE THE FOUNDATION CREDITS THE ALUMNI ASSOCIATION 50% OF THEIR ADMIN FEES FROM ALL ALUMNI GIFTS. IN ADDITION, THE FOUNDATION REBATES THE FULL ADMIN FEE CHARGED TO THE ALUMNI ASSOCIATION FROM THE PREVIOUS YEAR.

$9,400
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Metropolitan State University Of Denver Foundation Inc has recieved totaling $1,071,773.

Awarding OrganizationAmount
Rob And Molly Cohen Family Foundation

Wilmington, DE

PURPOSE: COHEN PACESETTER ENDOWMENT

$1,069,273
Rob And Molly Cohen Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$23,175,418
Earnings-$4,101,633
Net Contributions$1,578,219
Other Expense$886,572
Ending Balance$19,765,432

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