Nonprofit · EIN 74-2393418
COLORADO MOUNTAIN COLLEGE FOUNDATION INC
Tax-exempt · GLENWOOD SPGS, CO 81601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,103,706 | $6,183,719 | $919,987 | $31,872,536 | $2,005,656 | $29,866,880 |
| June 30, 2024 | 990 | $6,855,379 | $8,246,384 | -$1,391,005 | $29,964,980 | $1,884,605 | $28,080,375 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,371,759
- Program service revenue
- $0
- Investment income
- $1,731,947
- Net gain from sales of assets
- $812,164
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,532,498
- Compensation of officers, directors and key employees
- $268,641
- Other salaries and wages
- $754,127
- Salaries, compensation and benefits (total)
- $1,289,271
- Professional fundraising fees
- $0
- Travel
- $52,942
- Depreciation
- $9,593
- Program services (functional)
- $4,828,260
- Management and general (functional)
- $842,806
- Fundraising (functional)
- $512,653
Balance sheet and other
- Total assets, start of year
- $29,964,980
- Total assets, end of year
- $31,872,536
- Total liabilities, end of year
- $2,005,656
- Net assets, end of year
- $29,866,880
- Land, buildings and equipment
- $38,372
- Publicly traded securities
- $27,080,577
- Net assets without donor restrictions
- $7,228,031
- Net assets with donor restrictions
- $22,638,849
- Gross receipts
- $7,103,706
- Employees
- 14
- Volunteers
- 72
- Year formed
- 1985
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTIN HEATH COLON | CEO VP ADVAN Officer | 50 | $207,947 | $63,048 |
| DIANA SCHERR | DIR OF DEVEL Highest-paid employee | 40 | $134,087 | $30,664 |
| ROB LEVINE | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DOUG YEAKEL | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CRAIG GOOCH | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| COLLEEN DELIA | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ESGAR ACOSTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NORM BACHELDOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHY BARGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SALLY BRANDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF HOSTETLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOAV KOHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RACHEL LONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATIE MACKLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE MCCARTHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICOLE MCDERMOTT | DIRECTOR Trustee or director | 1 | $0 |
| MIKE NAKAGAWA | DIRECTOR Trustee or director | 1 | $0 |
| MIKE RUSHMORE | DIRECTOR Trustee or director | 1 | $0 |
| TRISH SHAPIRO | DIRECTOR Trustee or director | 1 | $0 |
| LUELLA CHAVEZ D'ANGELO | DIRECTOR Trustee or director | 1 | $0 |
| ELAINE KELTON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTIN HEATH COLON | CEO VP ADVAN Officer | 50 | $206,204 | $64,339 |
| DIANA SCHERR | DIR OF DEVEL Highest-paid employee | 40 | $118,706 | $27,937 |
| ROB LEVINE | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LUELLA CHAVEZ D'ANGELO | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DOUG YEAKEL | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SALLY BRANDS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ESGAR ACOSTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NORM BACHELDOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHY BARGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COLLEEN DELIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRAIG GOOCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELAINE KELTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOAV KOHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RACHEL LONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRISH SHAPIRO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHILLIPS ARMSTRONG JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| URSULA GROSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEATHER LINDH | DIR-8/2023 Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 802 GRAND AVE, GLENWOOD SPGS, CO 81601-3448
- Principal officer (990 for 2024)
- KRISTIN HEATH COLON, 802 GRAND AVENUE, GLENWOOD SPRINGS, CO 81601
- Signed the 990
- KRISTIN HEATH COLON, CEO VP ADVANCEMENT
- Phone
- (970) 947-8378
- Website
- WWW.CMCFOUNDATION.ORG
- Return prepared by
- KUNDINGER CORDER & MONTOYA PC
Mission
THE COLORADO MOUNTAIN COLLEGE FOUNDATION BUILDS SUSTAINABLE COMMUNITY SUPPORT FOR THE NEEDS AND STRATEGIC PRIORITIES OF COLORADO MOUNTAIN COLLEGE AND ITS STUDENTS.
Program accomplishments
- 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 2025, MORE THAN 700 STUDENTS COLLECTIVELY RECEIVED 2.02M IN FOUNDATION SCHOLARSHIP SUPPORT, A 41% INCREASE OVER THE YEAR'S PRIOR SUCCESSFUL YEAR OF 1.44M DISTRIBUTED. WITH THE ADDITION OF FIVE NEW ENDOWMENTS ESTABLISHED IN FY25, FOR A TOTAL OF 73; REPRESENTING 20.3M IN ENDOWED SCHOLARSHIP SUPPORT. CMC FOUNDATION SCHOLARSHIPS ARE FUNDED THROUGH GENEROUS GIFTS FROM INDIVIDUALS; INCLUDING 50% OF CMC'S FACULTY AND STAFF, ALUMNI, 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 11 CAMPUSES.Expenses $2,021,681 · grants $2,021,681
- 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 $2,510,817 · grants $2,510,817
- 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 $295,762
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2393418
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $31,872,536
- Income (IRS master file)
- $7,103,706
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,103,706 | $6,183,719 | $31,872,536 | XML |
| 990 | June 2024 | $6,855,379 | $8,246,384 | $29,964,980 | XML |
| 990 | June 2023 | $7,283,939 | $4,243,956 | $29,052,969 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-2393418).
Questions about COLORADO MOUNTAIN COLLEGE FOUNDATION INC
- What is the EIN of COLORADO MOUNTAIN COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of COLORADO MOUNTAIN COLLEGE FOUNDATION INC is 74-2393418.
- Is COLORADO MOUNTAIN COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to COLORADO MOUNTAIN COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COLORADO MOUNTAIN COLLEGE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COLORADO MOUNTAIN COLLEGE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COLORADO MOUNTAIN COLLEGE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COLORADO MOUNTAIN COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names KRISTIN HEATH COLON.
- Who are the officers and directors of COLORADO MOUNTAIN COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 21 people; 2 received compensation from the organization, the highest $207,947 (KRISTIN HEATH COLON, CEO VP ADVAN).
- How much revenue does COLORADO MOUNTAIN COLLEGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,103,706, expenses of $6,183,719 and total assets of $31,872,536 at year end.
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