Overview
What is Colorado Mountain College Foundation Inc?
Colorado Mountain College Foundation Inc is a nonprofit organization situated in Glenwood Springs, Colorado. Its primary focus is on raising funds through generous donations from individuals, alumni, foundations, and community partners. The foundation prioritizes scholarships, providing financial aid to nearly 800 students annually, enabling them to pursue their academic and career goals. In Fiscal Year 2023, the foundation distributed over 1.3 million dollars in scholarships, and with the addition of six new endowments, the total endowed scholarship support now amounts to 16.8 million dollars. The scholarships are established to honor past students, faculty, staff, and friends of Colorado Mountain College. The selection process for recipients is managed by the foundation and community volunteers. The mission of the Colorado Mountain College Foundation is to provide educational enrichment and financial aid to students, thereby building sustainable community support for the college and its students. The organization has a workforce of 15 individuals dedicated to this cause.
Official website here: www.cmcfoundation.org
What are the reviews and ratings of this charity?
Colorado Mountain College Foundation Inc has achieved an impressive Four-Star out of Four Star rating on Charity Navigator, reflecting a notable overall score of 99%. This high rating indicates exceptional performance in both Accountability & Finance and Impact & Measurement, with scores of 97 and 100, respectively. The organization's strong governance is highlighted by its entirely independent board members and stringent oversight practices, ensuring financial integrity and transparency.
The foundation excels in its program efficiency, with 74.73% of its expenses allocated directly to programs, demonstrating a commitment to maximizing the impact of its initiatives. Moreover, it boasts a remarkable fundraising efficiency ratio of $0.08, signifying that it raises funds with minimal cost. The strategic use of resources is evident in its ability to significantly increase scholarship recipients' income, more than dollar-for-dollar on its expenditures.
Unfortunately, user reviews from GreatNonprofits could not be fetched, preventing any additional insights into public sentiment. Nonetheless, the substantial scores from Charity Navigator emphasize the foundation's effectiveness and sound financial management, making it a strong contender for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Mountain College Foundation Inc legitimate?
Colorado Mountain College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Mountain College Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $265,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $582,583
For more financial information, click here
Official website here: www.cmcfoundation.org
What is the mission statement of Colorado Mountain College Foundation Inc?
The Colorado Mountain College Foundation's mission is to build a sustainable community support system for the needs and strategic priorities of Colorado Mountain College and its students. This is achieved by providing educational enrichment and financial aid through scholarships. In fiscal year 2023, nearly 800 students collectively received over 1.3 million dollars in foundation scholarship support. The foundation's scholarships are funded through generous gifts from individuals, including 50% of the college's faculty and staff, alumni, foundations, and business and community partners. The scholarships are established to honor former students, faculty, and staff members, and friends of the college. They are administered by the foundation and community volunteers who assist with the selection process of recipients. The scholarships support a range of opportunities within the college across its 11 campuses.
Official website here: www.cmcfoundation.org
Who is the CEO of Colorado Mountain College Foundation Inc?
Kristin Heath Colon is the Ceo Vp Advan of Colorado Mountain College Foundation Inc. The CEO's salary of Colorado Mountain College Foundation Inc is $196,158 and their total compensation is $257,961.
Official website here: www.cmcfoundation.org
What is the revenue of Colorado Mountain College Foundation Inc?
Colorado Mountain College Foundation Inc's revenue in 2023 was $7,283,939.
Official website here: www.cmcfoundation.org
Who are the executives of Colorado Mountain College Foundation Inc and what are their salaries?
The average compensation at Colorado Mountain College Foundation Inc during 2023 was $56,538. There are 15 employees and 20 volunteers at Colorado Mountain College Foundation Inc.
Here are 21 key members and their salaries (Colorado Mountain College Foundation Inc's CEO's salary is $196,158 and their total compensation is $257,961):
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Official website here: www.cmcfoundation.org
Where can I find the form 990 for Colorado Mountain College Foundation Inc?
Colorado Mountain College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cmcfoundation.org
Learn more at the official website: www.cmcfoundation.org
Mission Statement of Colorado Mountain College Foundation Inc
The Colorado Mountain College Foundation Inc's mission is centered around providing educational enrichment and financial aid for students attending Colorado Mountain College. This nonprofit organization works to build sustainable community support for the needs and strategic priorities of Colorado Mountain College and its students. The foundation achieves this by granting scholarships to individuals, enabling them to pursue their college and career goals. In fiscal year 2023, over 800 students collectively received over 1.3 million dollars in foundation scholarship support. The Colorado Mountain College Foundation's scholarship program is funded through generous gifts from various sources, including 50% of the college's faculty and staff, alumni, foundations, and business and community partners. Scholarships have been established to honor former students, faculty, and staff members, as well as friends of Colorado Mountain College. The selection process for scholarship recipients is overseen by the foundation and community volunteers. The mission of the Colorado Mountain College Foundation Inc is instrumental in providing opportunities for students across the college's 11 campuses, helping them achieve their academic goals and set the foundation for successful careers.
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Impact
July, 2024
Colorado Mountain College Foundation Inc's impact is significant in providing educational enrichment and financial aid for Colorado Mountain College students. In fiscal year 2023, nearly 800 students collectively received over $1.3 million in foundation scholarship support. The foundation has established 70 endowed scholarships totaling $16.8 million, enabling students to pursue their college and career goals with the assistance of scholarship support. These scholarships, funded through generous gifts from individuals, faculty, alumni, foundations, and business partners, have a life-changing impact on recipients and help support a range of opportunities within Colorado Mountain College across its 11 campuses. The foundation, through its dedicated efforts, builds sustainable community support for the needs and strategic priorities of the college and its students.
This information is meant to be a general summary of Colorado Mountain College Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $355,654
- Gross Receipts: $7,588,310
Assets and Liabilities:
- Total Assets: $29,052,969
- Total Liabilities: $1,309,001
- Net Assets: $27,743,968
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Organization Details
Founding Year
1985
Phone
(970) 947-8378Principal Officer
Kristin Heath Colon
Main Address
802 GRAND AVENUE, GLENWOOD SPRINGS, CO, 81601
Website
www.cmcfoundation.orgIf you are a representative of Colorado Mountain College Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.