Western Colorado University Foundation
- Assets
- $32.8m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Gunnison, CO
- Founding
- 09/1978
- Data as of
- 06/2022
- EIN
- 84-0709935
Organization Overview
Western Colorado University Foundation is located in Gunnison, CO. The organization was established in 1978. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2024, Western Colorado University Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Colorado 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, Western Colorado University Foundation generated $6.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. 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 MISSION OF THE FOUNDATION IS TO AID, DIRECTLY OR INDIRECTLY, WESTERN COLORADO UNIVERSITY IN FULFILLING ITS EDUCATIONAL PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURE OF FUNDS FOR THE BENEFIT OF, OR USE BY, WESTERN COLORADO UNIVERSITY
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 |
|---|---|---|---|
Art Chaput Director | Trustee | $0 | |
Brian Cooper Director | Trustee | $0 | |
Chip Creager Director | Trustee | $0 | |
Don Farlow Director | Trustee | $0 | |
Denise Halligan Director | Trustee | $0 | |
Valerie Hastings President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,995,178 |
| Investment income | $466,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $43,425 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,194,895 |
| Net Income from Fundraising Events | $42,782 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,742,996 |
| 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. | $218,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,181,562 |
| Pension plan accruals and contributions | $40,201 |
| Other employee benefits | $76,844 |
| Payroll taxes | $40,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,180 |
| Advertising and promotion | $451 |
| Office expenses | $9,096 |
| Information technology | $40,584 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,201 |
| Insurance | $18,471 |
| All other expenses | $0 |
| Total functional expenses | $4,444,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $659,331 |
| Savings and temporary cash investments | $522,733 |
| Pledges and grants receivable | $1,923,102 |
| Accounts receivable, net | $14,348 |
| 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 |
| Investments—publicly traded securities | $28,238,441 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $492,021 |
| Total assets | $32,837,627 |
| Accounts payable and accrued expenses | $466,488 |
| 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 | $466,488 |
| Net assets without donor restrictions | -$1,093,557 |
| Net assets with donor restrictions | $33,464,696 |
| 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 | $32,371,139 |