NonprofitsColorado Mountain College Foundation Inc

Colorado Mountain College Foundation Inc

GLENWOOD SPGS, CO

Total revenue

$7.1M

Total expenses

$6.2M

Net assets

$29.9M

Grants received

$7.6M

144 grants

EIN

742393418

Tax year

2024

Mission

To provide educational enrichment and financial aid for colorado mountain college students.

Programs

2 programs

Colorado mountain college, a dual mission college, offering certificates, associate, and bachelor's degrees, seeks to be the most inclusive, innovative, and student-centered college in the nation. Fiscal year '25 was the first time since 2017 that a new capital campaign was not introduced by the college, thus capital donations were down year over year. Pledge payments for the highly successful 7.2 million "rural nursing success fund," that had run the previous five fiscal years, supporting the completion of three high-fidelity nursing simulation labs, acquisition of new simulation technology, and increased nursing scholarships, were finalized. Pledges from the successful "the promise of spring valley" 5m capital campaign, completed in fy22, also tapered off, with successful fulfillment. The cmc foundation continued to additionally collect on the 1.5m raised in support of a new oral health clinic, in fiscal year '24, in support of our dental hygiene students, who will offer preventative care at the cmc vail valley at edwards campus as part of their curriculum. 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.

Expenses: $2.5MGrants: $2.5M

Colorado mountain college offers 7 academic pathways with more than 130 programs. Dynamic combinations of degrees (including 8 bachelor's degrees), certificates, minors, and specialties empower students to explore opportunities and choose their own adventure. Cmc's recent prominent designations: hispanic serving institution (hsi), hunger-free campus, and healthy minds, continue to drive important strategic decisions and prioritization. Donations to cmc via the cmc foundation help to make these transformational outcomes possible. The federal government designated colorado mountain college as an hsi in 2021 after years of deliberate efforts to grow cmc's student body to be 25% or more latino (now at 41%), reflecting the demographics of our mountain communities. Cmc is the first hsi located in colorado's rural, high-cost mountain resort region. Cmc foundation scholarships for underserved students continue to grow as well in support of all students and is reflected in the 41% growth of our scholarship support. The hunger-free campus designation came in large part thanks to the food pantries piloted by the cmc foundation at the vail valley at 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/.

Expenses: $296K

Financials

FY 2024

Revenue

Contributions & grants$5.4M
Program service revenue
Investment income$1.7M
Other revenue
Total revenue$7.1M

Expenses

Grants paid$4.5M
Salaries & benefits$1.3M
Fundraising$513K
Other expenses$362K
Total expenses$6.2M
Total assets$31.9M
Net assets$29.9M

People

21 listed

NameRoleCompensation

KRISTIN HEATH COLON

CEO VP ADVAN

Board

$208K

50 hrs/wk

ROB LEVINE

BOARD CHAIR

Board

2 hrs/wk

DOUG YEAKEL

VICE CHAIR

Board

2 hrs/wk

CRAIG GOOCH

TREASURER

Board

2 hrs/wk

COLLEEN DELIA

SECRETARY

Board

2 hrs/wk

ESGAR ACOSTA

DIRECTOR

Board

1 hrs/wk

NORM BACHELDOR

DIRECTOR

Board

1 hrs/wk

KATHY BARGER

DIRECTOR

Board

1 hrs/wk

SALLY BRANDS

DIRECTOR

Board

1 hrs/wk

JEFF HOSTETLER

DIRECTOR

Board

1 hrs/wk

JOAV KOHN

DIRECTOR

Board

1 hrs/wk

RACHEL LONG

DIRECTOR

Board

1 hrs/wk

KATIE MACKLEY

DIRECTOR

Board

1 hrs/wk

ANNE MCCARTHY

DIRECTOR

Board

1 hrs/wk

NICOLE MCDERMOTT

DIRECTOR

Board

1 hrs/wk

MIKE NAKAGAWA

DIRECTOR

Board

1 hrs/wk

MIKE RUSHMORE

DIRECTOR

Board

1 hrs/wk

TRISH SHAPIRO

DIRECTOR

Board

1 hrs/wk

LUELLA CHAVEZ D'ANGELO

DIRECTOR

Board

1 hrs/wk

ELAINE KELTON

DIRECTOR

Board

1 hrs/wk

DIANA SCHERR

DIR OF DEVEL

Staff

$134K

40 hrs/wk

Grants received

Showing 144 of 144

FromAmountPurposeYear
$350K
establish the Morgridge Commons Mid-Valley where the community can meet and the College will convene programming
2024
$250K
Aspen Teaching Kitchen
2024
$172K
SEE PART IV
2024
$100K
GENERAL OPERATIONS
2024
$82K
GENERAL SUPPORT
2024
$53K
General & Unrestricted
2024
$21K
VET TECH SCHOLARSHIP
2024
$20K
ALPINE CAMPUS & ESL PROGRAM
2024
$15K
UNRESTRICTED GENERAL SUPPORT
2024
$15K
CHARITABLE
2024
$15K
GENERAL PURPOSE
2024
$10K
Education - General Operating Support
2024
$8K
PROVIDES TUITION ASSISTANCE, SCHOLARSHIP ASSISTANCE, AND OTHER SERVICES FOR THE TRANSITIONAL STUDIES PROGRAM.
2024
$400K
MAINTAIN HEALTHY BODIES
2023
$350K
SCHOLARSHIPS & STUDENT FINANCIAL AID
2023
$250K
support the Aspen Culinary Kitchen program
2023
$250K
QUALITY EDUCATION
2023
$250K
COMMUNITY SUPPORT
2023
$250K
COMMUNITY SUPPORT
2023
$82K
GENERAL SUPPORT
2023
$61K
SEE PART IV
2023
$21K
VET TECH SCHOLARSHIP
2023
$18K
ENGLISH AS A SECOND LANGUAGE PROGRAM
2023
$17K
UNRESTRICTED
2023
$16K
For grant recipient's exempt purposes
2023
$16K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$15K
KARRI CASNER SCHOLARSHIP.
2023
$14K
COSI SCHOLARSHIPS AT COLORADO MOUNTAIN COLLEGE
2023
$13K
BOUNDLESS OPPORTUNITY
2023
$12K
Tuition assist - transition studies
2023
$10K
Education - General Operating Support
2023
$8K
MATCHING GIFTS
2023
$8K
DONOR ADVISED FUND
2023
$7K
GENERAL PURPOSE
2023
$5K
SUPPORT FOR RHS AUTOMOTIVE PROGRAM
2023
$5K
general operating funds
2023
$2K
SCHOLARSHIP
2023
$500
CHARITABLE OPERATIONS
2023
$250K
Aspen Campus Culinary Kitchen
2022
$154K
PROGRAM
2022
$125K
QUALITY EDUCATION
2022
$125K
QUALITY EDUCATION
2022
$100K
EDUCATIONAL
2022
$82K
GENERAL SUPPORT
2022
$69K
For grant recipient's exempt purposes
2022
$50K
EXPANDING ACCESS TO
2022
$50K
COLORADO MOUNTAIN COLLEGE CAPITAL CAMPAIGN PLEDGE
2022
$35K
RURAL NURSING SUCCESS
2022
$21K
VET TECH SCHOLARSHIP
2022
$20K
50 TRAVEL STIPENDS FOR NURSING STUDENTS
2022
$15K
MATCHING GIFT PROGRAM - FOR GENERAL SUPPORT OF ITS MISSION
2022
$15K
SUPPORT FOR RIFLE HIGH SCHOOL AUTOMOTIVE PROGRAM
2022
$10K
EDUCATION - GENERAL OPERATING SUPPORT
2022
$10K
ENGLISH AS A SECOND LANGUAGE PROGRAM
2022
$10K
KARRI CASNER SCHOLARSHIP.
2022
$8K
Tuition assist for trans studies
2022
$8K
DONOR ADVISED FUND
2022
$8K
MATCHING GIFTS
2022
$7K
GENERAL PURPOSE
2022
$5K
UNRESTRICTED GENERAL SUPPORT
2022
$2K
SCHOLARSHIP
2022
$1K
GENERAL SUPPORT
2022
$60K
Project Support
2021
$33K
STAFF HEALTH & WELLNESS; START-UP EQUIPMENT AND SUPPLIES FOR THE NURSING SIMULATION LAB IN STEAMBOAT AND A TRAVEL STIPEND PROGRAM FOR STUDENTS FROM ALL THREE NURSING CAMPUSES TO TRAVEL TO REMOTE LOCATIONS TO COMPLETE THEIR IN-PERSON CLINICAL ROTATIONS.
2021
$25K
NONPROFIT SUPPORT
2021
$19K
For grant recipient's exempt purposes
2021
$19K
For grant recipient's exempt purposes
2021
$17K
For recipient's exempt purpose
2021
$15K
PROGRAM
2021
$13K
BOUNDLESS OPPORTUNITY
2021
$10K
SCHOLARSHIPS
2021
$10K
Tuition support for Education
2021
$10K
ENGLISH AS A SECOND LANGUAGE PROGRAM
2021
$8K
Tuition assistance transitional
2021
$6K
DONOR ADVISED FUND
2021
$6K
MATCHING GIFTS
2021
$2K
SCHOLARSHIP
2021
$1K
CHARITABLE
2021
$750
GENERAL SUPPORT
2021
$128
Trustee & Staff Matching Gift Program
2021
$160K
NONPROFIT SUPPORT
2020
$65K
Colorado Mountain College Dental Hygienist Pilot Program
2020
$50K
TRAILS & YOUTH CYCLING
2020
$50K
Expanding Outdoor Education and Community Engagement with the Outdoors at Colorado Mountain College
2020
$20K
PROGRAM SUPPORT
2020
$20K
BOUNDLESS OPPORTUNITY SCHOLARSHIP
2020
$17K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$16K
WOMEN & GIRLS OF COLOR FUND
2020
$15K
To evaluate the impact and legal sustainability of a new income share agreement program for DACA holders
2020
$13K
For grant recipient's exempt purposes
2020
$11K
GENERAL PURPOSE
2020
$10K
COMMUNITY FUND
2020
$10K
UNRESTRICTED GENERAL SUPPORT
2020
$10K
SCHOLARSHIPS
2020
$10K
EDUCATION
2020
$10K
Food distribution for students related to COVID-19
2020
$10K
Colorado Rural Teaching Fellowship to address rural teacher shortage
2020
$5K
Food distribution for students related to COVID-19
2020
$2K
SCHOLARSHIP
2020
$1K
MATCHING EMPLOYEE DONATION
2020
$33K
For grant recipient's exempt purposes
2019
$25K
Grants for tuition support; education
2019
$20K
PROGRAM & OPERATING
2019
$13K
GENERAL PURPOSE
2019
$10K
UNRESTRICTED GENERAL SUPPORT
2019
$10K
EDUCATION SUPPORT
2019
$5K
DIRECT SERVICE GRANT FROM VAIL VALLEY FUND
2019
$5K
TO SUPPORT TUITION ASSISTANCE FOR THE TRANSITIONAL STUDIES PROGRAM WHICH INCLUDES STUDENTS IN ESL, HSE AND FAMILY LITERACY.
2019
$40K
EARLY CHILDHOOD EDUC
2018
$33K
PROGRAM & OPERATING
2018
$13K
NONPROFIT SUPPORT
2018
$12K
Direct Service grant from a Vail ValleyFund
2018
$9K
For grant recipient's exempt purposes
2018
$5K
Scholarships
2018
$4K
PROVIDE SUPPORT TO COLLEGE STUDENTS
2018
$10K
ENVIRONMENT, ANIMALS
2017
$10K
VVMC SCHOLARSHIP
2017

Funded by

$7.6M from 58 funders · 144 grants · 2017–2024

National Philanthropic Trust

$1.2M · 5 grants · 2017–2022

The Morgridge Family Foundation

$1.2M · 5 grants · 2022–2024

Delta Dental Plan Of Colorado

$855K · 5 grants · 2020–2024

Tides Foundation

$500K · 3 grants · 2022–2023

The Colorado Health Foundation

$400K · 1 grant · 2023

The Denver Foundation

$350K · 1 grant · 2023

Borgen Family Foundation

$250K · 5 grants · 2018–2023

Blanche C Hill Foundation

$247K · 3 grants · 2022–2024

Details

EIN742393418
Subsection03
Ruling date1986-02
Formed1985
Employees14
Volunteers72
COLORADO MOUNTAIN COLLEGE FOUNDATION INC — Mission, Financials & Grants Received | Grantivo