2019-11-22T09:44:48-06:00 2019-06-30 Kundinger Corder & Engle PC 475 Lincoln Street Suite 200 Denver CO 80203 990 2018-07-01 742393418 Colorado Mountain College Foundation Inc COLO 9709478363 802 Grand Avenue Glenwood Springs CO 81601 Merilee Maupin Board Chair 9709478378 2019-11-22 1 Laurie Anderson P01416697 3035345953 2019-11-22 72.164.244.82 2019-11-22 08:44:32 MS P 4C6F90D5B18D9A11C6848E517D2975E4AD7741AE 4C6F90D5B18D9A11C6848E517D2975E4AD7741AE 2018 2020-04-17 16:48:07Z Merilee Maupin 802 Grand Avenue Glenwood Springs CO 81601 5306362 0 X www.cmcfoundation.org X 1985 CO To provide educational financial aid and enrichment of education for Colorado Mountain College students. 13 13 15 15 0 0 3056018 4618917 0 0 1246124 687445 0 0 4302142 5306362 2250701 2040428 0 0 826040 920317 79535 34231 396652 278386 289592 3434662 3284568 867480 2021794 18147125 20842505 234808 411905 17912317 20430600 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 1101021 1101021 Grants made to individuals represent the prioritized fundraising focus of Colorado Mountain College and the CMC Foundation to solicit and administer funds for direct financial aid for students; enabling students the opportunity to pursue their college and career goals with the assistance of scholarship support. In fiscal year 2019, 572 students collectively received $1.1M in scholarship support through one or more of CMC Foundation's 215 named scholarships. 56 of our scholarships are endowed; representing $13.2M in endowed scholarship support within the CMC Foundation, and generations of students whose lives will be changed through these scholarships that will exist in perpetuity. 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. 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 support a range of opportunities within CMC and in support of attendance at each of our eleven campuses. Additionally, some of our scholarships support CMC students who desire to transfer to another institution after completing their first years at CMC and/or exist to support students in our CMC service areas to continue their pursuit of a higher-education degree at CMC or elsewhere. 939407 939407 The mission of the Colorado Mountain College Foundation is to build sustainable community support for the needs and strategic priorities of Colorado Mountain College and its students. Colorado Mountain College seeks to be the most inclusive, innovative and student-centered college in the nation. As a rural, open-access, two-and four-year degree granting local district college, Colorado Mountain College strives to serve as a national model for the future of college access, success and affordability. Donations to CMC via the CMC Foundation from individuals, foundations and businesses support this goal and are seen in the grants made to Colorado Mountain College in support of this mission. A program earning praise for the use of grant dollars 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 matching support and services from our community partners. Through this unique partnership of local government entities, K-12 school districts and non-profit partners in the shared nine-counties in CMC's service district, we are collectively having a positive impact on increasing concurrent enrollment, college counseling support and enrollment, credit loads per student and student persistence. In fiscal year 2019 the CMC Foundation also took in donations in support of two new programs that are also garnering broad support and exposure: "Fund Sueos and CMC's "Rural Teacher Education Fellowship Program". Fund Sueos, 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. 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. 174849 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 2018-19 fiscal year, 55% of CMC's full-time faculty and staff made charitable gifts through the CMC Foundation for the benefit of Colorado Mountain College and students, programs, campuses and communities we collectively serve. 2215277 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 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 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 Bruce Allbright Treasurer 1.00 X X 0 0 0 Roger Hennefeld Secretary 1.00 X X 0 0 0 Kathy Barger 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 Sarah Vaine Director 1.00 X 0 0 0 Marianne Virgili Director 1.00 X 0 0 0 Ferdinand Liotta Director 1.00 X 0 0 0 Keith Moffett Director 1.00 X 0 0 0 Bere Neas Director 1.00 X 0 0 0 Kyle Welch Director through 6/2019 1.00 X 0 0 0 Jeanie Humble Director through 6/2019 1.00 X 0 0 0 Kristin Colon CEO & VP for Advancement 50.00 X 173816 0 58554 173816 0 58554 1 0 1 0 0 1083104 3535813 4618917 429570 429570 257875 0 257875 257875 257875 5306362 0 0 687445 939407 939407 1101021 1101021 235941 94376 141565 467358 74739 276912 115707 217018 66132 109939 40947 34231 34231 81396 81396 21059 21059 27240 16344 5448 5448 25764 4352 21412 25615 8103 14512 3000 19570 1789 11516 6265 Donor Cultivation 49489 49489 Other Expenses 39459 3390 36069 3284568 2215277 672639 396652 1205396 1199561 1091358 2052560 41627 90491 15775089 17466582 33655 33311 18147125 20842505 230533 411905 4275 0 234808 411905 X 592072 657760 8781070 11162734 8539175 8610106 17912317 20430600 18147125 20842505 2021794 496489 0 X X 0 1 X 1 0 X 2950934 2442275 4453342 3056018 4618917 17521486 2950934 2442275 4453342 3056018 4618917 17521486 1855667 15665819 377546 617131 358509 412422 429570 2195178 19716664 0.79450 0.81590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12659329 88321 845349 364394 13228604 11728282 261212 809815 139980 12659329 10547846 156621 1124563 100748 11728282 10499886 28654 253177 219327 14544 10547846 10485540 26501 -12131 24 10499886 0.65100 0.34900 0 0 0 5761313 496489 39858 536347 5224966 81396 81396 5306362 3243030 39858 39858 3203172 81396 81396 3284568 Part V, Line 4 Endowments are held to perpetuity with accumulated earnings temporarily restricted for grants, scholarship and campus improvements. X X X X X X 1 CLE Development ConsultingCandy El PO Box 7399 Breckenridge CO 80424 Scholarship, Program, Capital Campaign Fundraising 0 18140 14250 3890 Sarah Chase Shaw 1220 Mountain View Dr Aspen CO 81611 Scholarship, Capital Campaign Fundraising 0 7500 7493 7 25640 21743 3897 CO 1 Colorado Mountain Junior College District 802 Grand Avenue Glenwood Springs CO 81601 840567768 939407 Cash disbursements for Colorado Mountain College campus programs and program enhancements. 1 1 Financial aid scholarship assistance to various students and various campuses. 572 1101021 Part I, Line 2 Scholarships and other assistance selection criteria used to award grants and other assistance is maintained in organization records. X X 0 0 0 0 0 0 0 0 0 Kristin Colon CEO & VP for Advancement 170622 0 3194 0 0 0 33456 0 25098 0 232370 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 Committe 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