COLORADO MOUNTAIN COLLEGE FOUNDATION INC
802 Grand Avenue, Glenwood Springs, CO 81601 www.cmcfoundation.org

Total Revenue
$4,904,264
Total Expenses
$3,998,576
Net Assets
$21,452,692

Organizations Filed Purposes: The Colorado Mountain College Foundation builds sustainable community support for the needs and strategic priorities of Colorado Mountain College and its students.

To provide educational financial aid and enrichment of education for Colorado Mountain College students.

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.

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.

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.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Kristin ColonCEO & VP for Advancement50$179,203
Bruce AllbrightDirector through 5/20201$0
Sarah VaineDirector1$0
Bere NeasDirector1$0
Keith M MoffettDirector1$0
Ferdinand J Liotta MdDirector1$0
Rob LevineDirector1$0
Ursula GrossDirector1$0
Jerry GavendaDirector1$0
Lauren CornishDirector1$0
Elizabeth DiamondDirector1$0
Sally BrandsDirector1$0
Norm BacheldorDirector1$0
Esgar AcostaDirector1$0
Kathy BargerSecretary1$0
Roger HennefeldTreasurer1$0
Elaine KeltonVice Chair1$0
Merilee MaupinBoard Chair1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202023029349301522_public.xml