Mountain Foundation For Education
- Assets
- $6.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Durango, CO
- Founding
- 09/2015
- Data as of
- 06/2022
- EIN
- 47-2584611
Organization Overview
Mountain Foundation For Education is located in Durango, CO. The organization was established in 2015. 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. Mountain Foundation For Education 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, Mountain Foundation For Education generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.3% each year . All expenses for the organization totaled $170.0k during the year ending 06/2022. While expenses have increased by 55.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO ACQUIRE AND HOLD THE SCHOOL FOR MOUNTAIN MIDDLE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2020-2021 ACCOMPLISHMENTS - SECURED A CONTRACT WITH DURANGO 9R TO ACHIEVE A 2.5M SHARE OF THE DURANGO COMMUNITY BOND PROCEEDS FOR FACILITIES EXPANSION TO ACCOMMODATE MOUNTAIN MIDDLE SCHOOL'S STRATEGIC GROWTH GOALS, SECURED 3M LOAN TO BE USED TO REFINANCE THE EXISTING 1.5M CONSTRUCTION LOAN BALANCE AND PROVIDE A NEW 1.5M CONSTRUCTION LOAN TO GROW THE SCHOOL FACILITIES WITH AN ADDITIONAL 10,000 SQ FOOT ADDITION TO SUPPORT STRATEGIC GROWTH FOR MOUNTAIN MIDDLE SCHOOL, AND EMPOWERED MOUNTAIN MIDDLE SCHOOL BOARD TO CONTRACTUALLY ENGAGE ARCHITECT AND CONTRACTORS FOR THE CONSTRUCTION PROJECT. 2021-2022 GOALS - SUPPORT MOUNTAIN MIDDLE SCHOOL BOARD TO SEE CONSTRUCTION COMPLETED BY JULY 2022. DEPENDING ON BUDGET THIS MAY INCLUDE IMPROVEMENTS TO AND THE ADDITION OF A FIRE SUPPRESSION SYSTEM TO THE EXISTING 1950 AND 2016 BUILDINGS ON THE PROPERTY. ANTICIPATE CONTINUING IMPROVEMENTS ON AGING SECTIONS OF THE BUILDING AND GROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Silva President | OfficerTrustee | 2 | $0 |
Erin Patla Treasurer/se | OfficerTrustee | 2 | $0 |
Matt Aupperle Vice Preside | OfficerTrustee | 2 | $0 |
Shane Voss Member | Trustee | 2 | $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 | $2,502,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,502,577 |
| Total Program Service Revenue | $72,000 |
| Investment income | $0 |
| 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 | $2,574,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $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 | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,149 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $80,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,701 |
| Insurance | $8,075 |
| All other expenses | $5,626 |
| Total functional expenses | $169,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,377 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,219 |
| Net Land, buildings, and equipment | $2,634,617 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,950,527 |
| Total assets | $6,588,740 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,664,341 |
| Total liabilities | $2,664,341 |
| Net assets without donor restrictions | $3,924,399 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,588,740 |
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|---|---|---|
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Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
Lincoln Institute Of Land Policy Phoenix, AZ | $774,885,329 | $64,138,879 |
Asu Enterprise Partners Tempe, AZ | $381,094,670 | $23,987,399 |
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 |