Naropa University
- Assets
- $33.0m
- Revenue
- $26.8m
- Investments
- $0.0
- Employees
- 656
- Location
- Boulder, CO
- Founding
- 06/1987
- Data as of
- 06/2021
- EIN
- 84-1029228
Organization Overview
Naropa University is located in Boulder, CO. The organization was established in 1987. 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, Naropa University employed 656 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naropa University 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, Naropa University generated $26.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $29.5m 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
NAROPA UNIVERSITY IS NORTH AMERICA'S LEADING INSTITUTION OF CONTEMPLATIVE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OFFERS UNDERGRADUATE GRADUATE AND CONTINUING EDUCATION PROGRAMS IN ARTS SOCIAL SCIENCES AND THE HUMANITIES. IT IS ACCREDITED BY THE HIGHER LEARNING COMMISSION. THERE ARE APPROXIMATELY 1,000 GRADUATE AND UNDERGRADUATE STUDENTS. INSTRUCTION STUDENT SERVICES AND ACADEMIC SUPPORT PROGRAM SERVICES ALL SUPPORT THE UNIVERSITY'S PURPOSE AND MISSION TO EDUCATE THE WHOLE PERSON.
ALAYA PRESCHOOL OPERATES AS A PRESCHOOL AND CHILDCARE FACILITY SERVING CHILDREN AND THEIR FAMILIES IN THE GREATER BOULDER AREA. AS PART OF NAROPA UNIVERSITY ALAYA PRESCHOOL OPERATES AS A LAB SCHOOL SERVING STUDENTS IN NAROPA'S EARLY CHILDHOOD AND CONTEMPLATIVE EDUCATION PROGRAMS. ALAYA PRESCHOOL IS LICENSED BY THE COLORADO DEPARTMENT OF HUMAN SERVICES DIVISION OF CHILD CARE AND SERVES APPROXIMATELY 60 FAMILIES. FINANCIAL SUPPORT IS PROVIDED FOR SOME FAMILIES THROUGH SCHOLARSHIPS FOR TUITION ASSISTANCE.
STUDENT HOUSING FOR THOSE UNDERGRADUATES THAT ARE REQUIRED TO LIVE IN STUDENT HOUSING OR THOSE STUDENTS THAT ELECT TO LIVE IN STUDENT HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Katzmann Secretary | OfficerTrustee | 1 | $0 |
Luci Gaddie Student Trustee | Trustee | 1 | $0 |
Tyler Norris Trustee | Trustee | 1 | $0 |
David Chivers Trustee | Trustee | 1 | $0 |
Vinjay Singh Trustee | Trustee | 1 | $0 |
Judith Dack Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Drala Mountain Center Lodging, Retreats | 6/29/22 | $747,036 |
The Registry Interim Exec Sercs | 6/29/22 | $251,142 |
Ellucian Company Software Services | 6/29/22 | $1,439,726 |
Networks That Matter Inc Technology Servs | 6/29/22 | $230,200 |
Redhead Media Marketing | 6/29/22 | $268,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,891,709 |
| Investment income | $184,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $362 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,817,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,051,322 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $710,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,373,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,493,852 |
| Payroll taxes | $1,016,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,618 |
| Fees for services: Accounting | $39,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,378,447 |
| Advertising and promotion | $437,750 |
| Office expenses | $441,885 |
| Information technology | $2,538,126 |
| Royalties | $0 |
| Occupancy | $1,270,909 |
| Travel | $111,849 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,446 |
| Interest | $431,581 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $558,377 |
| Insurance | $310,456 |
| All other expenses | $0 |
| Total functional expenses | $29,528,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,428,529 |
| Savings and temporary cash investments | $87,520 |
| Pledges and grants receivable | $212,810 |
| Accounts receivable, net | $1,971,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $104,875 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $455,825 |
| Investments—publicly traded securities | $5,163,528 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,858 |
| Other assets | $1,587,283 |
| Total assets | $33,014,392 |
| Accounts payable and accrued expenses | $1,654,215 |
| Grants payable | $0 |
| Deferred revenue | $1,411,412 |
| Tax-exempt bond liabilities | $5,130,195 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,219,392 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,286,268 |
| Total liabilities | $20,701,482 |
| 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 | $12,312,910 |