Red Rocks Community College Foundation

Organization Overview

Red Rocks Community College Foundation is located in Lakewood, CO. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Red Rocks Community College 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 06/2022, Red Rocks Community College Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 13.4% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S MISSION IS TO SUPPORT RED ROCKS COMMUNITY COLLEGE IN ITS COMMITMENT TO STUDENTS, LEARNING AND EXCELLENCE. RED ROCKS COMMUNITY COLLEGE IS COMMITTED TO PROVIDING FINANCIAL RESOURCES TO STUDENTS OF ALL INCOME LEVELS TO ALLOW ACCESS TO HIGHER EDUCATION THROUGH SCHOLARSHIPS. THE ORGANIZATION ALSO FUNDS THE FACULTY TEACHING CHAIRS AND SUPPORTS COLLEGE INITIATIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRIMARY PROGRAM SERVICE FOR THE RED ROCKS COMMUNITY COLLEGE FOUNDATION IS PROVIDING SCHOLARSHIP ASSISTANCE TO DESERVING STUDENTS, AS THE SINGLE LARGEST BARRIER FOR STUDENTS PURSUING HIGHER EDUCATION IS A LACK OF FINANCIAL RESOURCES. FOR THE 2021-2022 ACADEMIC YEAR, 326 STUDENTS RECEIVED SCHOLARSHIPS THROUGH PRIVATE DONATIONS GIVEN TO THE FOUNDATION.


ANOTHER PRIMARY PROGRAM SERVICE FOR THE RED ROCKS COMMUNITY COLLEGE FOUNDATION IS THE TEACHING CHAIR PROGRAM, WHICH RECOGNIZES AND REWARDS EXCELLENCE IN THE CLASSROOM. THE TEACHING CHAIR PROGRAM IS COMPETITIVE, REQUIRING SUBMISSION OF A TEACHING PORTFOLIO AND UP TO TWO TEACHING PRESENTATIONS - ONE TO THE INTERNAL FACULTY TEACHING CHAIR COMMITTEE FOR THOSE WHO ARE SELECTED FROM PORTFOLIO REVIEW. THE SECOND DEMONSTRATION IS FOR FINALISTS WHO PRESENT TO THE FOUNDATION BOARD COMMITTEE. FOR THE 2021-2022 ACADEMIC YEAR, FOUR TEACHING CHAIRS WERE SOMEWHERE IN THE THREE-YEAR AWARD PROCESS AND TWO FINALISTS WERE AWARDED A SMALLER PROFESSIONAL DEVELOPMENT STIPEND. EACH FULL AWARD IS FOR $22,500; $5,000 PER YEAR IN SALARY ENHANCEMENT AND $2,500 PER YEAR FOR PROFESSIONAL DEVELOPMENT, RUNNER UP AWARDS ARE $2,500.


PROGRAM SUPPORT PROVIDES FUNDING TO VARIOUS RED ROCKS COMMUNITY COLLEGE PROGRAMS INCLUDING RED ROCKS INNOVATIONS IN STEM EDUCATION, CHILDREN'S CENTER, THEATRE AND THE PHYSICIAN ASSISTANT PROGRAM. PROGRAMS RECEIVE DESIGNATED SUPPORT FROM PRIVATE DONATIONS TO PROVIDE EQUIPMENT OR PROJECT SUPPORT THAT WILL BENEFIT THE COLLEGE AND COMMUNITY.


INCLUDES ALL OTHER PROGRAM SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Michele Haney
Secretary
$0
Doris Stipech
President
$0
Clarence Low
Treasurer
$0
Michelle Fournier Johnson
Vice-President
$0
Denise Waddell
Director
$0
Tom Menk
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,014,623
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,014,623
Total Program Service Revenue$0
Investment income $323,884
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,338,507

Grants Recieved

Over the last fiscal year, we have identified 23 grants that Red Rocks Community College Foundation has recieved totaling $839,814.

Awarding OrganizationAmount
Community First Foundation

Arvada, CO

PURPOSE: GENERAL PURPOSE

$343,866
The Colorado Health Foundation

Denver, CO

PURPOSE: MAINTAIN HEALTHY BODIES

$115,112
Colorado Community College System Foundation

Denver, CO

PURPOSE: SCHOLARSHIPS

$94,474
Hugh And Michelle Harvey Family Foundation

Denver, CO

PURPOSE: PROGRAM SPECIFIC

$55,000
Temple Hoyne Buell Foundation

Denver, CO

PURPOSE: GENERAL OPERATING SUPPORT FOR THE CHILDRENS CENTER

$40,000
Johnson Foundation Of The Rockies

Wilmington, DE

PURPOSE: JOHNSON FOUNDATION OF THE ROCKIES SCHOLARSHIP PROGRAM

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,422,751
Earnings-$120,424
Net Contributions$109,565
Grants$225,506
Ending Balance$4,186,386

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