Metropolitan State University Of Denver Foundation Inc
- Assets
- $59.0m
- Revenue
- $13.8m
- Investments
- $1.3m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 12/1967
- Data as of
- 06/2024
- EIN
- 84-0576459
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 06/2024, Metropolitan State University Of Denver Foundation Inc generated $13.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $9.4m during the year ending 06/2024. While expenses have increased by 11.7% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
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:
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) | Role | Hours | Compensation |
|---|---|---|---|
Christine Marquez-Hudson Executive Director | Officer | 40 | $190,232 |
Earl Caleb CFO | Officer | 40 | $89,339 |
Lori Herrera CFO (thru 01/23) | Officer | 40 | $244 |
Dawn Bookhardt Chair | OfficerTrustee | 1 | $0 |
Ruth Rohs Vice Chair | OfficerTrustee | 1 | $0 |
Marti Awad Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,033 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,146,832 |
| Noncash contributions included in lines 1a–1f | $143,592 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,148,865 |
| Total Program Service Revenue | $185,324 |
| Investment income | $1,072,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $276,930 |
| Net Gain/Loss on Asset Sales | -$842,967 |
| Net Income from Fundraising Events | -$35,117 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,805,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,203,061 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $188,450 |
| Compensation of current officers, directors, key employees. | $145,561 |
| Compensation to disqualified persons | $358,316 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $82,635 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,429 |
| Fees for services: Accounting | $34,166 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $98,301 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,351 |
| Office expenses | $55,065 |
| Information technology | $15,836 |
| Royalties | $0 |
| Occupancy | $33,550 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,413 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,800 |
| Insurance | $25,918 |
| All other expenses | $0 |
| Total functional expenses | $9,373,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,672,559 |
| Savings and temporary cash investments | $4,323,191 |
| Pledges and grants receivable | $6,897,724 |
| Accounts receivable, net | $3,423 |
| 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 | $13,680 |
| Net Land, buildings, and equipment | $5,223,956 |
| Investments—publicly traded securities | $38,411,148 |
| Investments—other securities | $1,331,317 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,073,356 |
| Total assets | $58,950,354 |
| Accounts payable and accrued expenses | $1,130,801 |
| Grants payable | $0 |
| Deferred revenue | $1,058,241 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $240,477 |
| 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 | $170,867 |
| Total liabilities | $2,600,386 |
| Net assets without donor restrictions | $9,255,372 |
| Net assets with donor restrictions | $47,094,596 |
| 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 | $58,950,354 |
Grants Awarded
Over the last fiscal year, Metropolitan State University Of Denver Foundation Inc has awarded $8,203,061 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
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. | $8,186,361 |
METROPOLITAN STATE COLLEGE OF DENVER ALUMNI ASSOCIATION 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. | $16,700 |