Metropolitan State University Of Denver Foundation Inc
- Assets
- $39.5m
- Revenue
- $8.4m
- Investments
- $400.5k
- Employees
- 0
- Location
- Denver, CO
- Founding
- 12/1967
- Data as of
- 06/2021
- EIN
- 84-0576459
Organization Overview
Metropolitan State University Of Denver Foundation Inc is located in Denver, CO. The organization was established in 1967. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Metropolitan State University Of Denver Foundation Inc 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, Metropolitan State University Of Denver Foundation Inc generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $5.5m during the year ending 06/2021. While expenses have increased by 6.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE GENERAL WELFARE AND DEVELOPMENT OF THE METROPOLITAN STATE UNIVERSITY OF DENVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS ARE RAISED FOR THE BENEFIT OF THE STUDENTS, FACULTY, AND ADMINISTRATION OF THE METROPOLITAN STATE UNIVERSITY OF DENVER FOUNDATION, INC. FUNDS ARE ALSO USED TO PUBLICIZE, PROMOTE AND SUPPORT THE ADVANCEMENT OF THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Herrera CFO | Officer | 40 | $97,831 |
Christine Marquez-Hudson Executive Director | Officer | 40 | $28,779 |
Ferd Belz Chair | OfficerTrustee | 1 | $0 |
Patty Gage Secretary | OfficerTrustee | 1 | $0 |
Dawn Bookhardt Vice-Chair | OfficerTrustee | 1 | $0 |
Marti Awad Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,898,951 |
| Investment income | $530,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $65,592 |
| Net Gain/Loss on Asset Sales | $722,492 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,404,522 |
| Statement of Expenses | |
|---|---|
| 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. | $161,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,221 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,502 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,995 |
| Fees for services: Accounting | $24,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,357 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $82,372 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,274 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,106 |
| Interest | $755 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,887 |
| All other expenses | $0 |
| Total functional expenses | $5,475,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,863,025 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,907,688 |
| Accounts receivable, net | $3,814 |
| 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 | $8,075 |
| Investments—publicly traded securities | $32,978,124 |
| Investments—other securities | $400,537 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,543 |
| Total assets | $39,509,608 |
| Accounts payable and accrued expenses | $400,695 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $225,128 |
| 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 | $140,008 |
| Total liabilities | $765,831 |
| 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 | $38,743,777 |
Grants Awarded
Over the last fiscal year, Metropolitan State University Of Denver Foundation Inc has awarded $4,900,983 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
METROPOLITAN STATE UNIVERSITY OF DENVER PURPOSE: THE FUNDS ARE USED BY THE UNIVERSITY TO AWARD SCHOLARSHIPS TO INDIVIDUALS AND TO SUPPORT ACADEMIC ACTIVITIES, PROGRAMS AND INITIATIVES. | $4,891,583 |
Denver, CO PURPOSE: MSU DENVER FOUNDATION HAS AN MOU WITH THE ALUMNI ASSOCIATION WHERE THE FOUNDATION CREDITS THE ALUMNI ASSOCIATION 50% OF THEIR ADMIN FEES FROM ALL ALUMNI GIFTS. IN ADDITION, THE FOUNDATION REBATES THE FULL ADMIN FEE CHARGED TO THE ALUMNI ASSOCIATION FROM THE PREVIOUS YEAR. | $9,400 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Metropolitan State University Of Denver Foundation Inc has recieved totaling $1,071,773.
| Awarding Organization | Amount |
|---|---|
Rob And Molly Cohen Family Foundation Wilmington, DE PURPOSE: COHEN PACESETTER ENDOWMENT | $1,069,273 |
Rob And Molly Cohen Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
Endowment Analysis
| Beg. Balance | $23,175,418 |
| Earnings | -$4,101,633 |
| Net Contributions | $1,578,219 |
| Other Expense | $886,572 |
| Ending Balance | $19,765,432 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of The Southwest Hobbs, NM | $18,198,087 | $18,560,703 |
Midamerica Nazarene University Foundation Olathe, KS | $20,829,524 | $7,052,350 |
Hesston College Hesston, KS | $47,175,032 | $22,871,395 |
York University York, NE | $42,566,990 | $20,406,355 |
Community Highered Institute Tulsa, OK | $9,209,379 | $17,295,559 |
Bethel College North Newton, KS | $59,328,211 | $18,634,456 |
Central Christian College Of Kansas McPherson, KS | $17,285,133 | $16,231,650 |
Southwestern Christian University Inc Bethany, OK | $10,129,682 | $12,403,251 |
University Of Utah Asian Campus At Songdo Salt Lake City, UT | $5,674,461 | $11,524,178 |
Donnelly College Kansas City, KS | $34,086,327 | $8,989,626 |
Barclay College Association Inc Haviland, KS | $19,652,665 | $8,959,124 |
Fort Lewis College Foundation Durango, CO | $38,090,331 | $11,431,239 |