2020-10-28T12:26:49-05:00 2020-06-30 Kundinger Corder & Engle PC 475 Lincoln Street Suite 200 Denver CO 80203 990 2019-07-01 742393418 Colorado Mountain College Foundation Inc COLO 9709478363 802 Grand Avenue Glenwood Springs CO 81601 Merilee Maupin Board Chair 9709478378 2020-10-28 1 Laurie Anderson P01416697 3035345953 2020-10-28 72.164.244.82 2020-10-28 11:26:34 MD P 4C6F90D5B18D9A11C6848E517D2975E4AD7741AE 4C6F90D5B18D9A11C6848E517D2975E4AD7741AE 2019 2021-01-29 14:40:06Z Merilee Maupin 802 Grand Avenue Glenwood Springs CO 81601 4904264 0 X www.cmcfoundation.org X 1985 CO To provide educational financial aid and enrichment of education for Colorado Mountain College students. 16 16 13 17 0 0 4618917 4378570 0 0 687445 525694 0 0 5306362 4904264 2040428 2853275 0 0 920317 875723 34231 25411 430906 289592 244167 3284568 3998576 2021794 905688 20842505 22057140 411905 604448 20430600 21452692 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 1159722 1159722 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 2020, 597 students collectively received over $1.1M in scholarship support. With the addition of four new endowments established in FY20, endowed scholarships within the CMC Foundation now number 60; representing $13.55M 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. 1693553 1693553 Colorado Mountain College (CMC) seeks to be the most inclusive, innovative and student-centered college in the nation. Donations to the CMC Foundation (CMCF) from individuals, foundations and businesses support this goal. A program earning praise for the use of grant dollars and private gifts via CMCF 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 2020 CMCF also took in significant donations in support of two new programs: "Fund Suenos and CMC's "Rural Teacher Education Fellowship Program", which are also garnering broad support and exposure: Fund Suenos, funded entirely by philanthropic gifts, provides access to Income Share Agreements for any student who has workforce authorization, but no access to federal aid, including our DACA students. In fiscal year 2020, CMCF received a $500,000 grant to expand our Fund Suenos program. CMC's model is the first of its kind in the nation. CMC's Rural School Teaching Fellowship 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. 124731 Colorado Mountain College offers 5 Bachelor 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 2019-20 fiscal year, over 60% of CMC's full-time faculty and staff made charitable gifts, averaging $258, through the CMC Foundation for the benefit of CMC students, programs, campuses and communities we collectively serve. 2978006 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 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 Bruce Allbright Director through 5/2020 1.00 X 0 0 0 Kristin Colon CEO & VP for Advancement 50.00 X 179203 0 60656 179203 0 60656 1 0 1 0 0 993764 3384806 4378570 454770 454770 70924 0 70924 70924 70924 4904264 0 0 525694 1693553 1693553 1159722 1159722 244260 122130 122130 442208 70731 217376 154101 189255 28019 86362 74874 25411 25411 88596 88596 21684 21684 22801 13681 4560 4560 6753 700 6053 27304 8509 14960 3835 11264 1200 6228 3836 Donor Cultivation 42159 42159 Other Expenses 23606 1891 21715 3998576 2978006 589664 430906 1199561 1707371 2052560 2193093 90491 116950 17466582 18006326 33311 33400 20842505 22057140 411905 604448 411905 604448 X 657760 722245 19772840 20730447 20430600 21452692 20842505 22057140 905688 116404 0 X X 0 1 X 1 0 X 2442275 4453342 3056018 4618917 4378570 18949122 2442275 4453342 3056018 4618917 4378570 18949122 1901140 17047982 617131 358509 412422 429570 454770 2272402 21221524 0.80330 0.79450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13228604 138528 424139 250574 13540697 12659329 88321 845349 364394 13228604 11728282 261212 809815 139980 12659329 10547846 156621 1124563 100748 11728282 10499886 28654 253177 219327 14544 10547846 0.64700 0.35300 0 0 0 5137469 116404 205397 321801 4815668 88596 88596 4904264 4115377 205397 205397 3909980 88596 88596 3998576 Part V, Line 4 Endowments are held to perpetuity with accumulated earnings restricted for grants, scholarship and campus improvements. X X X X X X 1 Jamie Abbott 414 Aspen Airport Business Center Aspen CO 81611 Capital Campaign Fundraising 0 86075 31297 54778 86075 31297 54778 CO 1 Colorado Mountain Junior College District 802 Grand Avenue Glenwood Springs CO 81601 840567768 1693553 Cash disbursements for Colorado Mountain College campus programs and program enhancements. 1 0 Financial aid scholarship assistance to various students and various campuses. 512 1159722 Part I, Line 2 Scholarships and other assistance selection criteria used to award grants and other assistance is maintined in the Foundation's records. X X 0 0 0 0 0 0 0 0 0 Kristin Colon CEO & VP for Advancement 176173 0 3030 0 0 0 34757 0 25899 0 239859 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