2022-10-24T13:55:27-05:00 2022-06-30 Kundinger Corder & Engle PC 475 Lincoln Street Suite 200 Denver CO 80203 990 2021-07-01 742393418 Colorado Mountain College Foundation Inc COLO 9709478363 802 Grand Avenue Glenwood Springs CO 81601 Kristin Colon CEO & VP for Advancement 9709478380 2022-10-24 1 Kristin Colon 999009999 Steven R Corder P01363943 3035345953 2022-10-24 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Kristin Colon 802 Grand Avenue Glenwood Springs CO 81601 6420205 0 X www.cmcfoundation.org X 1985 CO To provide educational enrichment and financial aid for Colorado Mountain College students. 17 17 15 17 0 0 5210841 5083067 0 0 1702217 1337138 0 0 6913058 6420205 2173865 4735712 0 0 951270 984665 0 0 464501 303184 320630 3428319 6041007 3484739 379198 27789268 24720548 733928 1040287 27055340 23680261 X The Colorado Mountain College Foundation builds sustainable community support for the needs and strategic priorities of Colorado Mountain College and its students. 0 0 1246762 1246762 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 2022, nearly 655 students collectively received over $1.25M in Foundation scholarship support. With the addition of two new endowments established in FY22, endowed scholarships within the CMC Foundation now number 62; representing $14.33M in endowed scholarship support. CMC Foundation scholarships are funded through generous gifts from individuals; including 60% 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 eleven campuses. 3488950 3488950 Colorado Mountain College: a Dual Mission College, offering certificate, Associate and bachelor degrees, seeks to be the most inclusive, innovative, and student-centered college in the nation. In fiscal year 2022 the CMC Foundation took in significant donations/pledges in support of the Foundation's "Rural Nursing Success Fund", which supports funding for new nursing simulation labs, simulation technology and nursing scholarships. The CMC Foundation secured nearly $3.7M 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) and has begun raising funds for the new Breckenridge facility which broke ground in September 2022. The Promise of Spring Valley Capital Campaign, came to a successful conclusion meeting it's $5 million goal, highlighted by the naming of the Paul and Shirley Bushong Student Center. 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. 135723 Colorado Mountain College offers 7 bachelor's degrees in Colorado, 54 associate degrees and 77 professional certificates. CMC has earned three prominent designations this past year: Hispanic Serving Institution (HSI), Hunger-Free Campus and Healthy Minds. Donations to CMC via the CMC Foundation help to make these transformational outcomes possible. The federal government designated Colorado Mountain College as a 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 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/. 4871435 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Kristen Tarufelli 9709478363 802 Grand Avenue Glenwood Springs CO 81601 Elaine Kelton Board Chair 1.00 X X 0 0 0 Kathy Barger Vice Chair 1.00 X X 0 0 0 Norm Bacheldor Treasurer 1.00 X X 0 0 0 Rob LeVine Secretary 1.00 X X 0 0 0 Esgar Acosta Director 1.00 X 0 0 0 Phillips Armstrong Jr Director 1.00 X 0 0 0 Sally Brands Director 1.00 X 0 0 0 Lauren Cornish Director 1.00 X 0 0 0 Elizabeth Diamond Director 1.00 X 0 0 0 Ursula Gross Director 1.00 X 0 0 0 Roger Hennefeld Director 1.00 X 0 0 0 Ferdinand J Liotta MD Director 1.00 X 0 0 0 Merilee Maupin Director 1.00 X 0 0 0 Keith M Moffett Director 1.00 X 0 0 0 Trish Shapiro Director 1.00 X 0 0 0 Sarah Vaine Director 1.00 X 0 0 0 Doug Yeakel Director 1.00 X 0 0 0 Kristin Colon CEO & VP for Advancement 50.00 X 188745 0 63083 Jamie Abbott Director of Development 40.00 X 101032 0 34104 289777 0 97187 2 0 1 0 0 1105629 3977438 49140 5083067 484491 484491 852647 0 852647 852647 852647 6420205 0 0 1337138 3488950 3488950 1246762 1246762 192642 96321 96321 523670 65944 264081 193645 268353 16944 154620 96789 75158 75158 22061 22061 53316 31990 10663 10663 13554 1229 12325 53666 16498 20868 16300 19731 785 9964 8982 Other Expenses 42841 2333 39010 1498 Donor Cultivation 40303 40303 6041007 4871435 705071 464501 2759563 3601290 3262674 1834936 4530 39092 21729056 19211856 33445 33374 27789268 24720548 733928 1040287 733928 1040287 X 6161823 5389083 20893517 18291178 27055340 23680261 27789268 24720548 379198 -3754277 0 X X 0 1 X 1 0 X 3056018 4618917 4378570 5210841 5083067 22347413 3056018 4618917 4378570 5210841 5083067 22347413 2322491 20024922 412422 429570 454770 696479 484491 2477732 24825145 0.80660 0.77900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16263906 224800 -1893655 262475 14332576 13540697 184531 2800573 261895 16263906 13228604 138528 424139 250574 13540697 12659329 88321 845349 364394 13228604 11728282 261212 809815 139980 12659329 0.63540 0.36460 0 0 0 2590770 -3754277 -3754277 6345047 75158 75158 6420205 5965849 0 5965849 75158 75158 6041007 Part V, Line 4 Endowments are held to perpetuity with accumulated earnings restricted for grants, scholarship and campus improvements. 1 Colorado Mountain Junior College District 802 Grand Avenue Glenwood Springs CO 81601 840567768 3488950 0 Cash disbursements for Colorado Mountain College campus programs and program enhancements. 1 Financial aid scholarship assistance to various students and various campuses. 655 1246762 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 0 0 0 0 0 0 0 0 0 Kristin Colon CEO & VP for Advancement 185546 0 3199 0 0 0 36448 0 26635 0 251828 0 0 0 X 20080 Replacement cost X 1 8943 Replacement cost X Other Goods 77 20117 Replacement cost 0 1 0 Form 990, Part VI, Section B, line 11b Board members are presented with draft copies of 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, Part VI, Section B, 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, Part VI, Section B, line 15 In alignment with Colorado Mountain College's Human Resource policies, all administrative 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, Part VI, Section C, line 19 Governing documents, financial statements, and the conflict of interest policy are available upon request. Form 990, 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. Colorado Mountain Junior College District 802 Grand Avenue Glenwood Springs CO 81601 840567768 Junior College District CO 501(c)(1) 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0