2021-10-25T12:03:47-05:00 2021-06-30 Kundinger Corder & Engle PC 475 Lincoln Street Suite 200 Denver CO 80203 990 2020-07-01 742393418 Colorado Mountain College Foundation Inc COLO 9709478363 802 Grand Avenue Glenwood Springs CO 81601 Merilee Maupin Board Chair 9709478378 2021-10-25 1 Merilee Maupin 999009999 Kristin Calder P01720813 3035345953 2021-10-25 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z Merilee Maupin 802 Grand Avenue Glenwood Springs CO 81601 6913058 0 X www.cmcfoundation.org X 1985 CO To provide educational enrichment and financial aid for Colorado Mountain College students. 17 17 14 17 0 0 4378570 5210841 0 0 525694 1702217 0 0 4904264 6913058 2853275 2173865 0 0 875723 951270 25411 0 400294 244167 303184 3998576 3428319 905688 3484739 22057140 27789268 604448 733928 21452692 27055340 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 1169322 1169322 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 2021, 595 students collectively received over $1.3M in Foundation scholarship support. With the addition of two new endowments established in FY21, endowed scholarships within the CMC Foundation now number 62; representing $16.3M in endowed scholarship support. CMC Foundation scholarships are funded through generous gifts from faculty and staff members, alumni, family, friends, 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 twelve locations. 1004543 1004543 Colorado Mountain College seeks to be the most inclusive, innovative and student-centered college in the nation. Donations to the CMC Foundation from individuals, foundations and businesses support this goal. A program earning praise for the use of grant dollars and private gifts via the CMC Foundation is the collaborative and transformational "Mountain Futures Fund" that leverages dollars from the Colorado Department of Higher Education's "COSI" grant (Colorado Opportunity Scholarship Initiative) and private philanthropy. Through this unique partnership of local government entities, K-12 school districts and non-profit partners in the CMC's nine-county service district, we are increasing concurrent enrollment, college counseling, credit loads per student and student persistence. In fiscal year 2021 the CMC Foundation also took in significant donations/pledges in support of a new campaign coined "The Rural Nursing Success Fund", which supports funding for new nursing simulation labs, simulation technology and nursing scholarships. The Johnson & Johnson Foundation, a new donor to the CMC Foundation this year, provided $382,000 in FY21 to launch this campaign. Additionally, a capital campaign pledge of $1.5M was received for the Spring Valley nursing simulation lab. Donations to CMC's Rural School Teaching 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. 117293 Colorado Mountain College offers 5 bachelor's degrees in Colorado, 54 associate degrees and 77 professional certificates. CNN/Money recognized Colorado Mountain College as #17 of nearly 800 Community Colleges in the country for successful graduation and transfer rates. CMC is additionally nearing recognition as a Hispanic Serving Institution (5 of our 11 sites are currently above the HSI enrollment thresholds). Donations to CMC via the CMC Foundation help to make these transformational outcomes possible. We are honored to say that in the 2020-21 fiscal year, 260 of CMC's full-time faculty and staff (60%) made charitable gifts, averaging $229, through the CMC Foundation; providing $60,000 in support for the benefit of CMC students, programs, campuses and communities we collectively serve. 2291158 1 1 0 1 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 0 0 0 0 0 1 0 0 0 1 1 0 1 14 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 Merilee Maupin Board Chair 1.00 X X 0 0 0 Elaine Kelton Vice Chair 1.00 X X 0 0 0 Roger Hennefeld Treasurer 1.00 X X 0 0 0 Kathy Barger Secretary 1.00 X X 0 0 0 Esgar Acosta Director 1.00 X 0 0 0 Norm Bacheldor Director 1.00 X 0 0 0 Sally Brands Director 1.00 X 0 0 0 Elizabeth Diamond Director 1.00 X 0 0 0 Lauren Cornish Director 1.00 X 0 0 0 Jerry Gavenda Director 1.00 X 0 0 0 Ursula Gross Director 1.00 X 0 0 0 Rob Levine Director 1.00 X 0 0 0 Ferdinand J Liotta MD Director 1.00 X 0 0 0 Keith M Moffett Director 1.00 X 0 0 0 Bere Neas 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 183470 0 62798 183470 0 62798 1 0 1 0 0 1044694 4166147 5210841 696479 696479 1005738 0 1005738 1005738 1005738 6913058 0 0 1702217 1004543 1004543 1169322 1169322 249086 124543 124543 497575 49722 263856 183997 204609 20394 118582 65633 97149 97149 21550 21550 30944 18566 6189 6189 10538 831 9707 44595 23750 16669 4176 1924 222 1005 697 Other Expenses 81425 3808 77617 Donor Cultivation 15059 15059 3428319 2291158 736867 400294 1707371 2759563 2193093 3262674 116950 4530 18006326 21729056 33400 33445 22057140 27789268 604448 733928 604448 733928 X 722245 6161823 20730447 20893517 21452692 27055340 22057140 27789268 3484739 2117909 0 X X 0 1 X 1 0 X 4453342 3056018 4618917 4378570 5210841 21717688 4453342 3056018 4618917 4378570 5210841 21717688 2967833 18749855 358509 412422 429570 454770 696479 2351750 24069438 0.77900 0.80330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 50000 50000 0 0 Part II-B, Line 1: The Colorado Mountain College Foundation participated in a community education campaign in support of repealing the Gallagher Amendment. 13540697 184531 2800573 261895 16263906 13228604 138528 424139 250574 13540697 12659329 88321 845349 364394 13228604 11728282 261212 809815 139980 12659329 10547846 156621 1124563 100748 11728282 0.54600 0.45400 0 0 0 8994537 2117909 60719 2178628 6815909 97149 97149 6913058 3391889 60719 60719 3331170 97149 97149 3428319 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 1004543 Cash disbursements for Colorado Mountain College campus programs and program enhancements. 1 Financial aid scholarship assistance to various students and various campuses. 609 1169322 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 180323 0 3147 0 0 0 35488 0 27310 0 246268 0 0 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