Naropa University
- Assets
- $34.7m
- Revenue
- $31.1m
- Investments
- $0.0
- Employees
- 653
- 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 06/2021, Naropa University employed 653 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 $31.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $29.3m during the year ending 06/2021. While expenses have increased by 0.1% per year over the past 6 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
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:
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 CHILD CARE 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 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.
NAROPA COMMUNITY COUNSELING CENTER INTEGRATES CONTEMPLATIVE APPROACHES WITH MODERN CLINICAL PRACTICE TO ASSIST OUR CLIENTS IN REACHING THEIR HIGHEST LEVEL OF EMOTIONAL AND MENTAL WELL-BEING. WE PROVIDE CUTTING EDGE, TRANSFORMATIVE INTERVENTION ACROSS A BROAD RANGE OF THERAPEUTIC SERVICES. NAROPA COMMUNITY COUNSELING SERVES BOULDER AND FRONT RANGE.
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 CHILD CARE 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 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.
NAROPA COMMUNITY COUNSELING CENTER INTEGRATES CONTEMPLATIVE APPROACHES WITH MODERN CLINICAL PRACTICE TO ASSIST OUR CLIENTS IN REACHING THEIR HIGHEST LEVEL OF EMOTIONAL AND MENTAL WELL-BEING. WE PROVIDE CUTTING EDGE, TRANSFORMATIVE INTERVENTION ACROSS A BROAD RANGE OF THERAPEUTIC SERVICES. NAROPA COMMUNITY COUNSELING SERVES BOULDER AND FRONT RANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Lief University President | OfficerTrustee | 40 | $261,483 |
Tyler A Kelsch VP Operations | Officer | 40 | $169,564 |
Ann Marie Klotz VP Of Admissions | 40 | $155,232 | |
Sue West Provost And VP For Academic Affairs | Officer | 40 | $145,577 |
Jason Embry VP Of Development | 40 | $135,004 | |
Joy Valania Special Advisor To President | 40 | $120,625 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Lp Software & Erp Support | 6/29/21 | $1,579,462 |
Ruffalo Noel Levitz Llc Enrollment And Fundraising Management | 6/29/21 | $179,105 |
Caddis Pc Architecture Design | 6/29/21 | $157,246 |
Ellucian Company Lp Software & Erp Support | 6/29/21 | $1,579,462 |
Ruffalo Noel Levitz Llc Enrollment And Fundraising Management | 6/29/21 | $179,105 |
Caddis Pc Architecture Design | 6/29/21 | $157,246 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,725,993 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,204,154 |
| Noncash contributions included in lines 1a–1f | $169,360 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,930,147 |
| Total Program Service Revenue | $23,633,233 |
| Investment income | $184,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,267,194 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,100,655 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,071,727 |
| 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 of current officers, directors, key employees. | $469,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,373,805 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,295,429 |
| Payroll taxes | $1,016,666 |
| 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 | $36,659 |
| Fees for services: Other | $1,378,445 |
| Advertising and promotion | $437,751 |
| Office expenses | $460,718 |
| Information technology | $2,519,038 |
| Royalties | $0 |
| Occupancy | $1,290,260 |
| Travel | $111,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,446 |
| Interest | $431,580 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $558,376 |
| Insurance | $310,458 |
| All other expenses | $216,339 |
| Total functional expenses | $29,344,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,823 |
| Savings and temporary cash investments | $8,919,347 |
| Pledges and grants receivable | $73,261 |
| Accounts receivable, net | $3,738,156 |
| 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 | $517,673 |
| Net Land, buildings, and equipment | $16,170,478 |
| Investments—publicly traded securities | $4,707,093 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,858 |
| Other assets | $61,918 |
| Total assets | $34,704,482 |
| Accounts payable and accrued expenses | $1,498,917 |
| Grants payable | $0 |
| Deferred revenue | $1,411,412 |
| Tax-exempt bond liabilities | $5,322,772 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,046,166 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,019,686 |
| Total liabilities | $17,887,541 |
| Net assets without donor restrictions | $12,271,999 |
| Net assets with donor restrictions | $4,544,942 |
| 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 | $34,704,482 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Naropa University has recieved totaling $158,704.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $31,200 |
Robert I Schattner Foundation Inc Rockville, MD PURPOSE: GENERAL SUPPORT | $25,000 |
Pema Chodron Foundation Steamboat Springs, CO PURPOSE: Support archive - Trungpa Rinpoche | $25,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $17,875 |
Schocken Foundation Inc Barrington, RI PURPOSE: TO SUPPORT PRESERVATION OF THE HISTORIC NAROPA TREE HOUSE | $15,000 |
Pat Steir Foundation New York, NY PURPOSE: GENERAL | $15,000 |
Endowment Analysis
| Beg. Balance | $5,426,786 |
| Earnings | $736,525 |
| Other Expense | $528,277 |
| Ending Balance | $5,635,034 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma City University Oklahoma City, OK | $362,717,659 | $109,214,951 |
Westminster College Salt Lake City, UT | $228,140,724 | $82,856,817 |
Southern Nazarene University Bethany, OK | $123,009,250 | $68,249,636 |
Baker University Baldwin City, KS | $111,599,532 | $59,186,378 |
Mid-America Nazarene University Olathe, KS | $55,334,319 | $63,656,687 |
Friends University Wichita, KS | $113,219,146 | $51,050,337 |
Wichita State University Foundation Wichita, KS | $377,844,366 | $48,848,227 |
University Of Kansas Memorial Lawrence, KS | $26,943,334 | $29,194,763 |
The American University Of Paris Inc Denver, CO | $83,974,222 | $36,441,184 |
Kansas Wesleyan University Salina, KS | $58,027,272 | $34,731,060 |
Naropa University Boulder, CO | $34,704,482 | $31,100,655 |
Nebraska Methodist College Of Nursing And Allied Health Omaha, NE | $47,175,888 | $27,198,938 |