Colorado Mesa University Foundation
- Assets
- $51.5m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Junciton, CO
- Founding
- 06/1963
- Data as of
- 06/2022
- EIN
- 84-6037667
Organization Overview
Colorado Mesa University Foundation is located in Grand Junciton, CO. The organization was established in 1963. 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. Colorado Mesa 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 06/2022, Colorado Mesa University Foundation generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $9.6m during the year ending 06/2022. While expenses have increased by 15.8% 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.
Since 2015, Colorado Mesa University Foundation has awarded 46 individual grants totaling $27,792,172. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIAL ASSISTANCE TO COLORADO MESA UNIVERSITY FOUNDATION STUDENTS, AND ASSIST COLORADO MESA UNIVERSITY IN PROVIDING EDUCATION TO DESERVING INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLORAO MESA UNIVERSITY BUILDING PROJECTS
COLORADO MESA UNIVERSITY DEPARTMENTS & CLUB TRANSFERS
SCHOLARSHIPS TO STUDENTS
OTHER SUPPORT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Madsen President | OfficerTrustee | 2 | $0 |
Quint Shear Past Preside | OfficerTrustee | 2 | $0 |
Jamee Simons Vice Preside | Officer | $0 | |
Jane Foster Invest/bd Go | Officer | 2 | $0 |
Kevin Brooks Invest Comm | Trustee | 2 | $0 |
Kelianne Chamberlain Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,565,587 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,690,969 |
| Noncash contributions included in lines 1a–1f | $375,410 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,256,556 |
| Total Program Service Revenue | $0 |
| Investment income | $2,818,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,141,497 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,201,010 |
| Grants and other assistance to domestic individuals. | $4,101,972 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,725 |
| Advertising and promotion | $132,352 |
| Office expenses | $0 |
| Information technology | $101,798 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,235 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,314 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,065 |
| All other expenses | $2,450 |
| Total functional expenses | $9,577,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,953,936 |
| Savings and temporary cash investments | $209,416 |
| Pledges and grants receivable | $2,920,916 |
| Accounts receivable, net | $2,554 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $42,898,267 |
| Intangible assets | $0 |
| Other assets | $548,000 |
| Total assets | $51,533,089 |
| Accounts payable and accrued expenses | $412,352 |
| 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 | $412,352 |
| Net assets without donor restrictions | $1,271,775 |
| Net assets with donor restrictions | $49,848,962 |
| 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 | $51,533,089 |
Grants Awarded
Over the last fiscal year, Colorado Mesa University Foundation has awarded $5,246,769 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CMU DEPARTMENT & CLUB EXPENSE - PRO | | | $2,377,890 |
CAPITAL EXPENSE - PROGRAM | | | $1,957,592 |
IN - KIND GIFT EXPENSE TO CMU - PRO | | | $292,042 |
OTHER SUPPORT OF CMU | | | $219,627 |
CMU DEPARTMENT & CLUB EXPENSE - PRO | | | $145,275 |
OTHER SUPPORT OF CMU | | | $98,124 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Colorado Mesa University Foundation has recieved totaling $4,015,469.
| Awarding Organization | Amount |
|---|---|
St Marys Hospital And Medical Center Inc Grand Junction, CO PURPOSE: PROGRAM SUPPORT | $3,000,000 |
Denver Foundation Denver, CO PURPOSE: FOR COLLEGE AND CAREER COUNSELORS SERVING MESA AND MONTROSE COUNTIES | $699,204 |
Rocky Mountain Health Foundation Grand Junction, CO PURPOSE: CAPITAL SUPPORT | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $41,175 |
International Association Of Lions Clubs Grand Junction, CO PURPOSE: CHARITABLE PURPOSES | $40,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $37,037 |
Endowment Analysis
| Beg. Balance | $49,369,041 |
| Earnings | -$6,899,986 |
| Net Contributions | $1,282,645 |
| Grants | $1,642,120 |
| Ending Balance | $42,109,580 |
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 |