2024-10-25T11:53:06-04:00 2024-06-30 841255164 KUNDINGER CORDER & MONTOYA PC 475 LINCOLN STREET SUITE 200 DENVER CO 80203 990 2023-07-01 742393418 COLORADO MOUNTAIN COLLEGE FOUNDATION INC COLO 9709478378 802 GRAND AVENUE GLENWOOD SPRINGS CO 81601 KRISTIN HEATH COLON CEO VP ADVANCEMENT 9709478378 2024-10-25 true false KENNETH FICHTER P02384656 3035345953 2024-10-25 2023 2024-10-15 13:58:12Z KRISTIN HEATH COLON 802 GRAND AVENUE GLENWOOD SPRINGS CO 81601 6855379 false X WWW.CMCFOUNDATION.ORG X 1985 CO TO PROVIDE EDUCATIONAL ENRICHMENT AND FINANCIAL AID FOR COLORADO MOUNTAIN COLLEGE STUDENTS. 15 15 14 16 0 6928285 5785011 0 355654 1070368 0 7283939 6855379 2740291 6667791 0 1064100 1263765 0 496201 439565 314828 4243956 8246384 3039983 -1391005 29052969 29964980 1309001 1884605 27743968 28080375 X THE COLORADO MOUNTAIN COLLEGE FOUNDATION BUILDS SUSTAINABLE COMMUNITY SUPPORT FOR THE NEEDS AND STRATEGIC PRIORITIES OF COLORADO MOUNTAIN COLLEGE AND ITS STUDENTS. false false 1436998 1436998 GRANTS MADE TO INDIVIDUALS REPRESENT THE PRIORITIZED FUNDRAISING FOCUS OF THE COLORADO MOUNTAIN COLLEGE (CMC) FOUNDATION, ENABLING STUDENTS THE OPPORTUNITY TO PURSUE THEIR COLLEGE AND CAREER GOALS WITH THE ASSISTANCE OF SCHOLARSHIP SUPPORT. IN FISCAL YEAR 2024, NEARLY 800 STUDENTS COLLECTIVELY RECEIVED 1.437M IN FOUNDATION SCHOLARSHIP SUPPORT, THE FOUNDATION'S LARGEST SCHOLARSHIP OFFERING IN ORGANIZATIONAL HISTORY. WITH THE ADDITION OF ONE NEW ENDOWMENT ESTABLISHED IN FY24, ENDOWED SCHOLARSHIPS WITHIN THE CMC FOUNDATION NOW NUMBER 71; REPRESENTING 18.7M IN ENDOWED SCHOLARSHIP SUPPORT. CMC FOUNDATION SCHOLARSHIPS ARE FUNDED THROUGH GENEROUS GIFTS FROM INDIVIDUALS; INCLUDING 50% OF CMC'S FACULTY AND STAFF, ALUMNI, FOUNDATIONS, AND BUSINESS AND COMMUNITY PARTNERS WHO VALUE HOW FAR A SCHOLARSHIP CAN GO AT COLORADO MOUNTAIN COLLEGE WITH OUR LOW-COST TUITION AND HIGH-QUALITY DEGREE AND CERTIFICATE PROGRAMS AND THE LIFE-CHANGING IMPACT A SCHOLARSHIP HAS ON ITS RECIPIENT. SCHOLARSHIPS HAVE BEEN ESTABLISHED TO HONOR FORMER STUDENTS, FACULTY AND STAFF MEMBERS, AND FRIENDS OF COLORADO MOUNTAIN COLLEGE. THEY ARE ADMINISTERED BY THE CMC FOUNDATION AND COMMUNITY VOLUNTEERS WHO ASSIST WITH THE SELECTION PROCESS OF RECIPIENTS. SCHOLARSHIPS SUPPORT A RANGE OF OPPORTUNITIES WITHIN CMC ACROSS OUR 11 CAMPUSES. 5230793 5230793 COLORADO MOUNTAIN COLLEGE, A DUAL MISSION COLLEGE, OFFERING CERTIFICATES, ASSOCIATE, AND BACHELOR'S DEGREES, SEEKS TO BE THE MOST INCLUSIVE, INNOVATIVE, AND STUDENT-CENTERED COLLEGE IN THE NATION. IN FISCAL YEAR 2024 THE CMC FOUNDATION TOOK IN SIGNIFICANT DONATIONS/PLEDGES IN ITS CAPITAL CAMPAIGN CONCLUSION OF THE FOUNDATION'S "RURAL NURSING SUCCESS FUND," COMPLETING THE 3RD OF THREE HIGH-FIDELITY NURSING SIMULATION LABS, ACQUISITION OF NEW SIMULATION TECHNOLOGY, AND INCREASED NURSING SCHOLARSHIPS. THE CMC FOUNDATION SECURED OVER 5.2M IN CAPITAL CAMPAIGN PLEDGES/DONATIONS FOR THE PROGRAM'S THREE NEW HIGH-FIDELITY NURSING SIMULATION LABS IN STEAMBOAT SPRINGS (COMPLETED IN SPRING 2021) AND SPRING VALLEY (COMPLETED IN FALL 2022), INCLUSIVE OF RAISING MORE THAN 2M FISCAL YEAR 23/24 TO OPEN THE BRECKENRIDGE NURSING SIMULATION & OUTDOOR SKILLS LAB (COMPLETED IN FALL 2023). PLEDGES FROM THE SUCCESSFUL "THE PROMISE OF SPRING VALLEY" 5M CAPITAL CAMPAIGN, COMPLETED IN FY22, CONTINUE TO BE PAID OFF. A NEW CAPITAL CAMPAIGN WAS ALSO LAUNCHED IN FY23, IN SUPPORT OF CMC'S APPLICATION TO ADD A NEW DENTAL HYGIENE DEGREE PROGRAM. THE CMC FOUNDATION RAISED 1.5M IN SUPPORT OF A NEW ORAL HEALTH CLINIC, TO SUPPORT OUR DENTAL HYGIENE STUDENTS, WHO WILL OFFER PREVENTATIVE CARE AT THE CMC VAIL VALLEY AT EDWARDS CAMPUS AS PART OF THEIR CURRICULUM. DONATIONS TO CMC'S RURAL TEACHER FELLOWSHIP PROGRAM CONTINUE TO BE OF INTEREST TO DONORS AS WELL. THIS PROGRAM IS DESIGNED TO PROVIDE EVERY TEACHER CANDIDATE WHO AGREES TO STUDENT TEACH IN ONE OF OUR LOCAL SCHOOLS WITH A 10,000 HOUSING STIPEND AND A GUARANTEE OF A JOB IN THE DISTRICT. THIS 10,000 STIPEND IS FUNDED HALF BY THE STATE OF COLORADO THROUGH RECENTLY PASSED LEGISLATION AND REQUIRES A 50% (5,000) PRIVATE MATCH PER FELLOW. 281215 COLORADO MOUNTAIN COLLEGE OFFERS 7 ACADEMIC PATHWAYS WITH MORE THAN 130 PROGRAMS. DYNAMIC COMBINATIONS OF DEGREES (INCLUDING 8 BACHELOR'S DEGREES), CERTIFICATES, MINORS, AND SPECIALTIES EMPOWER STUDENTS TO EXPLORE OPPORTUNITIES AND CHOOSE THEIR OWN ADVENTURE. CMC'S RECENT PROMINENT DESIGNATIONS: HISPANIC SERVING INSTITUTION (HSI), HUNGER-FREE CAMPUS, AND HEALTHY MINDS, CONTINUE TO DRIVE IMPORTANT STRATEGIC DECISIONS AND PRIORITIZATION. DONATIONS TO CMC VIA THE CMC FOUNDATION HELP TO MAKE THESE TRANSFORMATIONAL OUTCOMES POSSIBLE. THE FEDERAL GOVERNMENT DESIGNATED COLORADO MOUNTAIN COLLEGE AS AN HSI IN 2021 AFTER YEARS OF DELIBERATE EFFORTS TO GROW CMC'S STUDENT BODY TO BE 25% OR MORE LATINO (NOW AT 28%). THE HSI DESIGNATION MEANS THE COLLEGE IS NOW ELIGIBLE FOR ADDITIONAL GRANT FUNDING THAT BENEFITS ALL STUDENTS. CMC IS THE FIRST HSI LOCATED IN COLORADO'S RURAL, HIGH-COST MOUNTAIN RESORT REGION. ONLY ABOUT ONE-THIRD OF COLORADO'S PUBLIC COLLEGES HAVE BEEN GRANTED HSI STATUS. CMC ACHIEVED ITS HSI DESIGNATION THROUGH DELIBERATE EFFORTS TO INCREASE ENROLLMENT AMONG LATINO STUDENTS. IN 2013, CMC'S LATINO POPULATION WAS APPROXIMATELY 13% OF OVERALL ENROLLMENTS, WHICH WAS NOT REPRESENTATIVE OF THE GENERAL POPULATION. THE COLLEGE PROMPTLY ADOPTED PERFORMANCE OBJECTIVES FOR EACH OF ITS 11 CAMPUSES AND THE COLLEGE. IN EVERY CATEGORY - ENROLLMENT, RETENTION, CREDIT ACCUMULATION AND COURSE COMPLETION - THE COLLEGE FOCUSED ON DISPARITIES BETWEEN LATINO AND NON-LATINO STUDENTS. CMC FOUNDATION SCHOLARSHIPS FOR UNDERSERVED STUDENTS CONTINUES TO GROW AS WELL IN SUPPORT OF ALL STUDENTS. THE HUNGER-FREE CAMPUS DESIGNATION CAME IN LARGE PART THANKS TO THE FOOD PANTRIES PILOTED BY THE CMC FOUNDATION AT THE VAIL VALLEY AT EDWARDS CAMPUS, WHICH WAS THEN REPLICATED AT EACH OF OUR CAMPUSES WITH SUPPORT FROM THE FOUNDATION. HUNGER FOR COLLEGE STUDENTS REMAINS A NATIONAL ISSUE AND THE FOUNDATION IS COMMITTED TO HELPING STUDENTS AT CMC BE HUNGER-FREE. FINALLY, THE COLORADO DEPARTMENT OF HIGHER EDUCATION RECENTLY AWARDED COLORADO MOUNTAIN COLLEGE A HEALTHY MINDS DESIGNATION, RECOGNIZING CMC'S ONGOING WORK IN ADDRESSING THE MENTAL HEALTH NEEDS OF ITS STUDENTS. MANY OF THE PROGRAMS IN SUPPORT OF THIS IMPORTANT INITIATIVE RECEIVE FUNDING FROM INDIVIDUALS, BUSINESSES, OR FOUNDATIONS THROUGH THE CMC FOUNDATION. TO LEARN MORE: HTTPS://COLORADOMTN.EDU/CMC-NEWS/COLORADO- MOUNTAIN-COLLEGE-EARNS-HEALTHY-MINDS-DESIGNATION/. 6949006 true true false false false false false false false true false false false false true false true false false false false false false false false false false true true true false false false false false false false false true false false false false true false false false true 2 0 true 14 true false false false false false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true true false X KARIN DOWLING 9709478378 802 GRAND AVENUE GLENWOOD SPRINGS CO 81601 KRISTIN HEATH COLON CEO VP ADVAN 50.00 X 206204 0 64339 DIANA SCHERR DIR OF DEVEL 40.00 X 118706 0 27937 ROB LEVINE BOARD CHAIR 2.00 X X 0 0 0 LUELLA CHAVEZ D'ANGELO VICE CHAIR 2.00 X X 0 0 0 DOUG YEAKEL TREASURER 2.00 X X 0 0 0 SALLY BRANDS SECRETARY 2.00 X X 0 0 0 ESGAR ACOSTA DIRECTOR 1.00 X 0 0 0 NORM BACHELDOR DIRECTOR 1.00 X 0 0 0 KATHY BARGER DIRECTOR 1.00 X 0 0 0 COLLEEN DELIA DIRECTOR 1.00 X 0 0 0 CRAIG GOOCH DIRECTOR 1.00 X 0 0 0 ELAINE KELTON DIRECTOR 1.00 X 0 0 0 JOAV KOHN DIRECTOR 1.00 X 0 0 0 RACHEL LONG DIRECTOR 1.00 X 0 0 0 TRISH SHAPIRO DIRECTOR 1.00 X 0 0 0 PHILLIPS ARMSTRONG JR DIRECTOR 1.00 X 0 0 0 URSULA GROSS DIRECTOR 1.00 X 0 0 0 HEATHER LINDH DIR-8/2023 1.00 X 0 0 0 324910 92276 2 false true false 1487365 4297646 2065011 5785011 767968 767968 302400 302400 302400 302400 6855379 1070368 5230793 5230793 1436998 1436998 266814 160088 106726 721275 179279 320404 221592 275676 65513 124347 85816 103354 103354 24000 24000 19799 11879 3960 3960 16599 1477 13645 1477 58444 22065 28683 7696 44094 1002 17584 25508 DONOR CULTIVATION 35265 35265 OTHER EXPENSES 13273 5112 8161 8246384 6949006 801177 496201 4242192 3683275 1992307 1054136 311791 81557 22473501 25113157 33178 32855 29052969 29964980 909001 1326366 400000 558239 1309001 1884605 X 5787000 6591765 21956968 21488610 27743968 28080375 29052969 29964980 -1391005 1727412 X X false true X true false X 4378570 5210841 5083067 6928285 5785011 27385774 4378570 5210841 5083067 6928285 5785011 27385774 1437520 25948254 454770 696479 484491 660025 767968 3063733 30449507 0.85220 0.83400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16838109 267176 1968327 363871 18709741 14332576 1802930 940770 238167 16838109 16263906 224800 -1893655 262475 14332576 13540697 184531 2800573 261895 16263906 13228604 138528 424139 250574 13540697 0.59740 0.40260 false false REFUNDABLE ADVANCE 558239 558239 8479437 1727412 1727412 6752025 103354 103354 6855379 8143030 8143030 103354 103354 8246384 SCHEDULE D, PAGE 4, PART XIII ENDOWMENTS ARE HELD TO PERPETUITY WITH ACCUMULATED EARNINGS RESTRICTED FOR GRANTS, SCHOLARSHIPS AND CAMPUS IMPROVEMENTS. true COLORADO MOUNTAIN COLLEGE DISTRICT 802 GRAND AVENUE GLENWOOD SPRINGS CO 81601 840567768 501C1 5230793 CAMPUS DISBURSEMENTS 1 FINANCIAL AID SCHOLARSHIP 736 1436998 SCHEDULE I, PAGE 1, PART I, LINE 2 SCHOLARSHIPS AND OTHER ASSISTANCE SELECTION CRITERIA USED TO AWARD GRANTS AND OTHER ASSISTANCE IS MAINTAINED IN THE FOUNDATION'S RECORDS. X X false false false false false false false true false KRISTIN HEATH COLON CEO VP ADVANCEMENT 202645 3559 40077 24262 270543 SCHEDULE J, PAGE 1, PART I, LINE 7 THE CEO AND VP OF ADVANCEMENT RECEIVED DURING THE YEAR 3,559 IN MERIT PAY. X 3 3500 REPLACEMENT COST X 2200 549103 SELLING PRICE X OTHER GOODS 422 1512408 REPLACEMENT COST false true false FORM 990, PAGE 2, PART III, LINE 4A GRANTS MADE TO INDIVIDUALS REPRESENT THE PRIORITIZED FUNDRAISING FOCUS OF THE COLORADO MOUNTAIN COLLEGE (CMC) FOUNDATION, ENABLING STUDENTS THE OPPORTUNITY TO PURSUE THEIR COLLEGE AND CAREER GOALS WITH THE ASSISTANCE OF SCHOLARSHIP SUPPORT. IN FISCAL YEAR 2024, NEARLY 800 STUDENTS COLLECTIVELY RECEIVED 1.437M IN FOUNDATION SCHOLARSHIP SUPPORT, THE FOUNDATION'S LARGEST SCHOLARSHIP OFFERING IN ORGANIZATIONAL HISTORY. WITH THE ADDITION OF ONE NEW ENDOWMENT ESTABLISHED IN FY24, ENDOWED SCHOLARSHIPS WITHIN THE CMC FOUNDATION NOW NUMBER 71; REPRESENTING 18.7M IN ENDOWED SCHOLARSHIP SUPPORT. CMC FOUNDATION SCHOLARSHIPS ARE FUNDED THROUGH GENEROUS GIFTS FROM INDIVIDUALS; INCLUDING 50% OF CMC'S FACULTY AND STAFF, ALUMNI, FOUNDATIONS, AND BUSINESS AND COMMUNITY PARTNERS WHO VALUE HOW FAR A SCHOLARSHIP CAN GO AT COLORADO MOUNTAIN COLLEGE WITH OUR LOW-COST TUITION AND HIGH-QUALITY DEGREE AND CERTIFICATE PROGRAMS AND THE LIFE-CHANGING IMPACT A SCHOLARSHIP HAS ON ITS RECIPIENT. SCHOLARSHIPS HAVE BEEN ESTABLISHED TO HONOR FORMER STUDENTS, FACULTY AND STAFF MEMBERS, AND FRIENDS OF COLORADO MOUNTAIN COLLEGE. THEY ARE ADMINISTERED BY THE CMC FOUNDATION AND COMMUNITY VOLUNTEERS WHO ASSIST WITH THE SELECTION PROCESS OF RECIPIENTS. SCHOLARSHIPS SUPPORT A RANGE OF OPPORTUNITIES WITHIN CMC ACROSS OUR 11 CAMPUSES. FORM 990, PAGE 2, PART III, LINE 4B COLORADO MOUNTAIN COLLEGE, A DUAL MISSION COLLEGE, OFFERING CERTIFICATES, ASSOCIATE, AND BACHELOR'S DEGREES, SEEKS TO BE THE MOST INCLUSIVE, INNOVATIVE, AND STUDENT-CENTERED COLLEGE IN THE NATION. IN FISCAL YEAR 2024 THE CMC FOUNDATION TOOK IN SIGNIFICANT DONATIONS/PLEDGES IN ITS CAPITAL CAMPAIGN CONCLUSION OF THE FOUNDATION'S "RURAL NURSING SUCCESS FUND," COMPLETING THE 3RD OF THREE HIGH-FIDELITY NURSING SIMULATION LABS, ACQUISITION OF NEW SIMULATION TECHNOLOGY, AND INCREASED NURSING SCHOLARSHIPS. THE CMC FOUNDATION SECURED OVER 5.2M IN CAPITAL CAMPAIGN PLEDGES/DONATIONS FOR THE PROGRAM'S THREE NEW HIGH-FIDELITY NURSING SIMULATION LABS IN STEAMBOAT SPRINGS (COMPLETED IN SPRING 2021) AND SPRING VALLEY (COMPLETED IN FALL 2022), INCLUSIVE OF RAISING MORE THAN 2M FISCAL YEAR 23/24 TO OPEN THE BRECKENRIDGE NURSING SIMULATION & OUTDOOR SKILLS LAB (COMPLETED IN FALL 2023). PLEDGES FROM THE SUCCESSFUL "THE PROMISE OF SPRING VALLEY" 5M CAPITAL CAMPAIGN, COMPLETED IN FY22, CONTINUE TO BE PAID OFF. A NEW CAPITAL CAMPAIGN WAS ALSO LAUNCHED IN FY23, IN SUPPORT OF CMC'S APPLICATION TO ADD A NEW DENTAL HYGIENE DEGREE PROGRAM. THE CMC FOUNDATION RAISED 1.5M IN SUPPORT OF A NEW ORAL HEALTH CLINIC, TO SUPPORT OUR DENTAL HYGIENE STUDENTS, WHO WILL OFFER PREVENTATIVE CARE AT THE CMC VAIL VALLEY AT EDWARDS CAMPUS AS PART OF THEIR CURRICULUM. DONATIONS TO CMC'S RURAL TEACHER FELLOWSHIP PROGRAM CONTINUE TO BE OF INTEREST TO DONORS AS WELL. THIS PROGRAM IS DESIGNED TO PROVIDE EVERY TEACHER CANDIDATE WHO AGREES TO STUDENT TEACH IN ONE OF OUR LOCAL SCHOOLS WITH A 10,000 HOUSING STIPEND AND A GUARANTEE OF A JOB IN THE DISTRICT. THIS 10,000 STIPEND IS FUNDED HALF BY THE STATE OF COLORADO THROUGH RECENTLY PASSED LEGISLATION AND REQUIRES A 50% (5,000) PRIVATE MATCH PER FELLOW. FORM 990, PAGE 2, PART III, LINE 4C COLORADO MOUNTAIN COLLEGE OFFERS 7 ACADEMIC PATHWAYS WITH MORE THAN 130 PROGRAMS. DYNAMIC COMBINATIONS OF DEGREES (INCLUDING 8 BACHELOR'S DEGREES), CERTIFICATES, MINORS, AND SPECIALTIES EMPOWER STUDENTS TO EXPLORE OPPORTUNITIES AND CHOOSE THEIR OWN ADVENTURE. CMC'S RECENT PROMINENT DESIGNATIONS: HISPANIC SERVING INSTITUTION (HSI), HUNGER-FREE CAMPUS, AND HEALTHY MINDS, CONTINUE TO DRIVE IMPORTANT STRATEGIC DECISIONS AND PRIORITIZATION. DONATIONS TO CMC VIA THE CMC FOUNDATION HELP TO MAKE THESE TRANSFORMATIONAL OUTCOMES POSSIBLE. THE FEDERAL GOVERNMENT DESIGNATED COLORADO MOUNTAIN COLLEGE AS AN HSI IN 2021 AFTER YEARS OF DELIBERATE EFFORTS TO GROW CMC'S STUDENT BODY TO BE 25% OR MORE LATINO (NOW AT 28%). THE HSI DESIGNATION MEANS THE COLLEGE IS NOW ELIGIBLE FOR ADDITIONAL GRANT FUNDING THAT BENEFITS ALL STUDENTS. CMC IS THE FIRST HSI LOCATED IN COLORADO'S RURAL, HIGH-COST MOUNTAIN RESORT REGION. ONLY ABOUT ONE-THIRD OF COLORADO'S PUBLIC COLLEGES HAVE BEEN GRANTED HSI STATUS. CMC ACHIEVED ITS HSI DESIGNATION THROUGH DELIBERATE EFFORTS TO INCREASE ENROLLMENT AMONG LATINO STUDENTS. IN 2013, CMC'S LATINO POPULATION WAS APPROXIMATELY 13% OF OVERALL ENROLLMENTS, WHICH WAS NOT REPRESENTATIVE OF THE GENERAL POPULATION. THE COLLEGE PROMPTLY ADOPTED PERFORMANCE OBJECTIVES FOR EACH OF ITS 11 CAMPUSES AND THE COLLEGE. IN EVERY CATEGORY - ENROLLMENT, RETENTION, CREDIT ACCUMULATION AND COURSE COMPLETION - THE COLLEGE FOCUSED ON DISPARITIES BETWEEN LATINO AND NON-LATINO STUDENTS. CMC FOUNDATION SCHOLARSHIPS FOR UNDERSERVED STUDENTS CONTINUES TO GROW AS WELL IN SUPPORT OF ALL STUDENTS. THE HUNGER-FREE CAMPUS DESIGNATION CAME IN LARGE PART THANKS TO THE FOOD PANTRIES PILOTED BY THE CMC FOUNDATION AT THE VAIL VALLEY AT EDWARDS CAMPUS, WHICH WAS THEN REPLICATED AT EACH OF OUR CAMPUSES WITH SUPPORT FROM THE FOUNDATION. HUNGER FOR COLLEGE STUDENTS REMAINS A NATIONAL ISSUE AND THE FOUNDATION IS COMMITTED TO HELPING STUDENTS AT CMC BE HUNGER-FREE. FINALLY, THE COLORADO DEPARTMENT OF HIGHER EDUCATION RECENTLY AWARDED COLORADO MOUNTAIN COLLEGE A HEALTHY MINDS DESIGNATION, RECOGNIZING CMC'S ONGOING WORK IN ADDRESSING THE MENTAL HEALTH NEEDS OF ITS STUDENTS. MANY OF THE PROGRAMS IN SUPPORT OF THIS IMPORTANT INITIATIVE RECEIVE FUNDING FROM INDIVIDUALS, BUSINESSES, OR FOUNDATIONS THROUGH THE CMC FOUNDATION. TO LEARN MORE: HTTPS://COLORADOMTN.EDU/CMC-NEWS/COLORADO- MOUNTAIN-COLLEGE-EARNS-HEALTHY-MINDS-DESIGNATION/. FORM 990, PAGE 6, PART VI, LINE 11B BOARD MEMBERS ARE PRESENTED WITH DRAFT COPIES OF THE FORM 990 AND ALL SCHEDULES AND ATTACHMENTS, WHICH THEY ARE ASKED TO REVIEW AND APPROVE. AT THE SAME TIME, BOARD MEMBERS ARE ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS SIGN A DOCUMENT UPON JOINING THE BOARD WHICH PRECLUDES MEMBERS FROM CONFLICTING INTERESTS. IN ADDITION, MEMBERS DISCLOSE ANNUALLY THAT THEY HAVE NOT PARTICIPATED IN SUCH. FORM 990, PAGE 6, PART VI, LINE 15A IN ALIGNMENT WITH COLORADO MOUNTAIN COLLEGE'S HUMAN RESOURCE POLICIES, ALL ADMINSTRATIVE SALARIES, INCLUSIVE OF THE FOUNDATION CEO AND FOUNDATION PERSONNEL, ARE SET USING CUPA NATIONAL DATA. ALL SALARIES ARE THEN REVIEWED AND APPROVED BY THE COLLEGE'S CHIEF OPERATING OFFICER. THE COLLEGE PRESIDENT FURTHER REVIEWS AND APPROVES THE FOUNDATION CEO'S COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B ALL FOUNDATION SALARIES ARE REVIEWED AND APPROVED BY THE COLLEGE'S CHIEF OPERATING OFFICER. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C THE AUDIT AND FINANCE COMMITTEE MEETS ANNUALLY WITH THE INDEPENDENT CPA FIRM TO REVIEW THE RESULTS OF THE CURRENT AUDIT AND INTERNAL CONTROL RECOMMENDATIONS, IF ANY. THE COMMITTEE ALSO ASSUMES THE ANNUAL RESPONSIBILITY OF APPROVING THE SELECTION OF THE AUDIT FIRM. THERE HAVE BEEN NO CHANGES TO THESE PROCESSES FROM THE PRIOR YEAR. 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