2017-11-10T14:27:08-06:00 2017-06-30 Kundinger Corder & Engle PC 475 Lincoln Street Suite 200 Denver CO 80203 990 2016-07-01 742393418 Colorado Mountain College Foundation Inc COLO 9709478363 802 Grand Avenue Glenwood Springs CO 81601 Bere Neas Board Chair 9709478378 2017-11-10 1 Laurie Anderson P01416697 3035345953 2017-11-10 50.78.203.69 2017-11-10 13:26:48 MS P AFB07EEAF3D48E08074994E36D975E68554D47DE AFB07EEAF3D48E08074994E36D975E68554D47DE 2016 2018-03-14 21:41:22Z Bere Neas 802 Grand Avenue Glenwood Springs CO 81601 5164789 0 X www.cmcfoundation.org X 1985 CO To provide educational financial aid and enrichment of education for Colorado Mountain College students. 12 12 13 12 0 0 2442275 4453342 0 0 617131 534978 0 0 3059406 4988320 1514174 2760195 0 0 680709 853363 102748 79017 369732 172363 242628 2469994 3935203 589412 1053117 15308327 18145637 157343 984849 15150984 17160788 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 1182764 1182764 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 2017, 458 students collectively received $1.2M in scholarship support through one or more of CMC Foundation's 165 named scholarships. 60 of our scholarships are endowed; representing $10.6M 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 businesses 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. In Fiscal Year 2017 scholarship grants supported 458 students. 1577431 1577431 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. In fiscal year 2017, Colorado Mountain College kicked off celebration of its 50th Anniversay with the theme of, "Because of You," paying tribute to the people places and programs that have made up the first five decades of this magnificent college to date. 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 counselling support and enrollment, credit loads per student and student persistence. Two shining examples are seen at two different CMC Campuses, our Rifle campus and our Edwards campus. At our Rifle/West Garfield campus, taking advantage of a forced "cost-cutting" four-day school week at two K-12 school districts in that region, CMC has worked in partnership with those school districts to offer a fifth day of learning for students. As a result, this past Spring, 75 West Garfield County high school students graduated high school with a career-enhancing certificate from CMC in Early Childhood Education, Solar Installation, Welding, Culinary or Nursing via concurrent enrollment at CMC Rifle, thanks to donor support and strong community partnerships. At the CMC Edwards Campus, over 700 County high school students are concurrently enrolled at Colorado Mountain College. 172461 Colorado Mountain College offers 5 Bachelor Degrees (which are recognized as being the 3rd Most Affordable Bachelor Degree in the country by the U.S. Department of Education), 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 2016-17 fiscal year, 65% of CMC's full-time faculty and staff made charitable gifts through the CMC Foundation for the benefit of Colorado Mountain College and the students, programs, campuses and communities we collectively serve. 2932656 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 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 10 0 1 13 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 1 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 Bere Neas Board Chair 1.00 X X 0 0 0 Merilee Maupin 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 Susan Alvillar Director 1.00 X 0 0 0 Ed Brown Director 1.00 X 0 0 0 Jerry Gavenda Director 1.00 X 0 0 0 Elaine Kelton Director 1.00 X 0 0 0 Ferdinand Liotta Director 1.00 X 0 0 0 Gino Rossetti Director 1.00 X 0 0 0 Sarah Vaine Director 1.00 X 0 0 0 Kyle Welch Director 1.00 X 0 0 0 Kristin Colon CEO & VP for Advancement 50.00 X 157632 0 50787 157632 0 50787 1 0 1 0 0 1039925 3413417 4453342 358509 358509 352938 176469 176469 176469 176469 4988320 0 0 534978 1577431 1577431 1182764 1182764 221968 88787 133181 428119 69645 269812 88662 203276 37854 110907 54515 79017 79017 95332 95332 20015 20015 12314 7388 2463 2463 27296 29661 25143 -27508 19445 7713 8732 3000 20866 2501 10976 7389 1080 648 432 Donor Cultivation 28581 28581 Other Expenses 17699 17699 3935203 2932656 632815 369732 1113261 1535474 1072568 1782020 26468 39898 13061754 14754286 34276 33959 15308327 18145637 152117 979905 5226 4944 157343 984849 X 499189 578346 6573684 8312748 8078111 8269694 15150984 17160788 15308327 18145637 1053117 956687 0 X X 0 1 X 1 0 X 5109729 1620892 2950934 2442275 4453342 16577172 5109729 1620892 2950934 2442275 4453342 16577172 1707946 14869226 382091 388435 377546 617131 358509 2123712 18700884 0.79510 0.77840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10547846 0 1124570 100748 0 11571668 10499886 28654 253177 219327 14544 10547846 10485540 26501 -12131 24 10499886 10439257 36838 9545 100 10485540 10037664 401593 10439257 0.71000 0.29000 0 0 0 Charitable Gift Annuity Payable 4944 4944 5919141 956687 69466 1026153 4892988 95332 95332 4988320 3909337 69466 69466 3839871 95332 95332 3935203 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 81998 48000 33998 81998 48000 33998 CO 1 Colorado Mountain Junior College District 802 Grand Avenue Glenwood Springs CO 81601 840567768 1577431 Cash disbursements for Colorado Mountain College campus programs and program enhancements. 1 1 Financial aid scholarship assistance to various students and various campuses. 653 1182559 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 157632 0 0 0 0 0 0 0 50787 0 208419 0 0 0 Form 990, Part VI, Section A, line 4 Change to committee named Board Development Committee, referred to in several areas of the bylaws, to Board Governance Committtee. 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 0 0 0 0 0 0 0