Colorado State University Research Foundation
- Assets
- $76.4m
- Revenue
- $17.1m
- Investments
- $53.0
- Employees
- 52
- Location
- Fort Collins, CO
- Founding
- 09/1942
- Data as of
- 06/2021
- EIN
- 84-0600653
Organization Overview
Colorado State University Research Foundation, operating under the name Csu Strata, is located in Fort Collins, CO. The organization was established in 1942. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Csu Strata employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Csu Strata 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, Csu Strata generated $17.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $15.3m during the year ending 06/2021. While expenses have increased by 8.5% 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
AID & ASSIST UNIVERSITIES GOVERNED BY THE CSU SYSTEM IN THEIR RESEARCH & EDUCATIONAL EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLORADO STATE UNIVERSITY RESEARCH FOUNDATION PROVIDES MANAGEMENT OF VARIOUS PROPERTIES HELD BY OR FOR THE BENEFIT OF COLORADO STATE UNIVERSITY.
TECHNOLOGY TRANSFER ASSISTS WITH PATENT AND LICENSING MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ajay Menon President/chief Executive Officer | Officer | 40 | $397,676 |
Todd Headley VP Of Technology Transfer (thru 11/21) | Officer | 40 | $366,634 |
Nancy Hurt VP Of Operations | Officer | 40 | $184,482 |
Julie H Birdsall- Cfosecretary Treasurer (thru 5/22)/ Special Proj./ CEO Advisor | Officer | 40 | $183,820 |
Nick Christensen VP Of Real Estate | Officer | 40 | $181,705 |
Steve Foster Dir. Licensing & Bus. Development | 40 | $127,156 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zoetis Inc Ti Allowance | 6/29/22 | $159,280 |
Waxjotter Llc Water Certificates | 6/29/22 | $754,317 |
Tribe Development Company Consulting | 6/29/22 | $292,171 |
Polsinelli Pc Patent Legal Services | 6/29/22 | $260,735 |
Hillside Construction Construction Contractor | 6/29/22 | $163,785 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,476,441 |
| Investment income | $239,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,849,085 |
| Net Rental Income | $6,204,670 |
| Net Gain/Loss on Asset Sales | $1,891,920 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $201,839 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,101,425 |
| 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. | $1,373,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,522,329 |
| Pension plan accruals and contributions | $323,590 |
| Other employee benefits | $214,275 |
| Payroll taxes | $234,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $751,862 |
| Fees for services: Accounting | $60,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $218,239 |
| Advertising and promotion | $9,894 |
| Office expenses | $81,782 |
| Information technology | $26,958 |
| Royalties | $3,160,299 |
| Occupancy | $1,822,594 |
| Travel | $14,439 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,924 |
| Interest | $1,567,056 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,640,589 |
| Insurance | $265,568 |
| All other expenses | $0 |
| Total functional expenses | $15,326,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,763,832 |
| Savings and temporary cash investments | $1,057,857 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $914,313 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,861,772 |
| Inventories for sale or use | $80,050 |
| Prepaid expenses and deferred charges | $94,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $53 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,514,886 |
| Total assets | $76,363,616 |
| Accounts payable and accrued expenses | $3,544,707 |
| Grants payable | $0 |
| Deferred revenue | $327,581 |
| 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 | $43,777,239 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,824,146 |
| Total liabilities | $59,473,673 |
| 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 | $16,889,943 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Colorado State University Research Foundation has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Tiaa Charitable Inc Charlotte, NC PURPOSE: Annual Suuport | $40,000 |
Tiaa Charitable Inc Charlotte, NC PURPOSE: Annual Suuport | $40,000 |
Endowment Analysis
| Beg. Balance | $163,114 |
| Ending Balance | $163,114 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hall County Livestock Improvement Assn Inc Grand Island, NE | $7,356,944 | $18,700,644 |
Colorado State University Research Foundation Fort Collins, CO | $76,363,616 | $17,101,425 |
National Reining Horse Association Oklahoma City, OK | $11,899,947 | $11,137,373 |
National Livestock Credit Corporation Oklahoma City, OK | $150,624,686 | $7,595,565 |
Cattle Marketing Information Service Inc Centennial, CO | $10,232,189 | $5,839,323 |
Oklahoma Cattlemens Association Inc Oklahoma City, OK | $1,815,271 | $1,815,588 |
Arizona National Livestock Show Inc Phoenix, AZ | $1,001,991 | $1,594,039 |
Colorado Cattlemens Association Arvada, CO | $3,242,404 | $2,014,038 |
Us Roundtable For Sustainable Beef Inc Centennial, CO | $493,946 | $884,885 |
Global Roundtable For Sustainable Beef Colorado Springs, CO | $422,575 | $590,262 |
Ottawa Craig Counties Cattlemens Association Incorporated Welch, OK | $26,489 | $646,288 |
Colorado Cattle Feeders Association Greeley, CO | $3,835,241 | $966,628 |