Western Colorado University Foundation
- Assets
- $34.0m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Gunnison, CO
- Founding
- 09/1978
- Data as of
- 06/2021
- EIN
- 84-0709935
Organization Overview
Western Colorado University Foundation is located in Gunnison, CO. The organization was established in 1978. 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, Western Colorado University Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Colorado University Foundation 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, Western Colorado University Foundation generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $3.4m during the year ending 06/2021. 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
THE MISSION OF THE FOUNDATION IS TO AID, DIRECTLY OR INDIRECTLY, WESTERN COLORADO UNIVERSITY IN FULFILLING ITS EDUCATIONAL PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURE OF FUNDS FOR THE BENEFIT OF, OR USE BY, WESTERN COLORADO UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Burggraf Jr Executive Di | Officer | 40 | $218,568 |
Paula Hendrickson Treasurer | OfficerTrustee | 3 | $0 |
Valerie Hastings President | OfficerTrustee | 4 | $0 |
Ron Leach Vice-Preside | OfficerTrustee | 3 | $0 |
Ruth Welch Secretary | Officer | 2 | $0 |
Alan Bassett Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,506,890 |
| Investment income | $400,510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,363 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $321,895 |
| Net Income from Fundraising Events | $31,839 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,286,497 |
| Statement of Expenses | |
|---|---|
| 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. | $166,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $732,581 |
| Pension plan accruals and contributions | $37,589 |
| Other employee benefits | $57,313 |
| Payroll taxes | $30,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,769 |
| Advertising and promotion | $0 |
| Office expenses | $7,860 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,859 |
| Insurance | $19,906 |
| All other expenses | $0 |
| Total functional expenses | $3,389,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,689 |
| Savings and temporary cash investments | $351,200 |
| Pledges and grants receivable | $1,604,882 |
| Accounts receivable, net | $29,451 |
| 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 | $0 |
| Investments—publicly traded securities | $30,200,488 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $574,482 |
| Total assets | $34,033,644 |
| Accounts payable and accrued expenses | $247,852 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $0 |
| Total liabilities | $247,852 |
| 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 | $33,785,792 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Western Colorado University Foundation has recieved totaling $1,186,460.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $797,304 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $53,855 |
Arjun Gupta Community Foundation Aspen, CO PURPOSE: GENERAL | $50,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $50,000 |
The Louis L Borick Foundation Houston, TX PURPOSE: CHARITABLE DONATION | $35,000 |
Daniels Fund Denver, CO PURPOSE: BOUNDLESS OPPORTUNITY | $32,500 |
Endowment Analysis
| Beg. Balance | $10,191,734 |
| Earnings | -$711,646 |
| Admin Expense | $189,555 |
| Net Contributions | $66,139 |
| Other Expense | $334,836 |
| Ending Balance | $9,021,836 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
Washburn University Foundation Topeka, KS | $212,049,839 | $17,810,833 |
Fort Hays State University Foundation Hays, KS | $117,134,366 | $18,921,024 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |
Wgu Advancement Salt Lake City, UT | $262,529 | $10,776,481 |
Emporia State University Foundation Emporia, KS | $139,579,484 | $15,768,413 |
University Of Utah Research Foundation Salt Lake City, UT | $360,749,047 | $26,132,674 |
Colorado Mesa University Foundation Grand Junciton, CO | $51,533,089 | $12,141,497 |
Dsst Public Schools Foundation Denver, CO | $32,542,761 | $13,664,687 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
San Tan Montessori School Inc Gilbert, AZ | $28,267,534 | $9,003,617 |