2024-04-25T12:50:13-05:00 2023-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2022-07-01 237098397 COLORADO STATE UNIVERSITY FOUNDATION COLO 9704917135 PO BOX 1870 FORT COLLINS CO 80522 ALLEN PADILLA CFO 9704917135 2024-01-15 1 ALLEN PADILLA 999009999 1 RYAN C HARRIS P00614618 3037409400 2024-04-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHERI O'NEILL PO BOX 1870 FORT COLLINS CO 80522 185881031 0 X WWW.CSUFOUNDATION.ORG X 1970 CO COLORADO STATE UNIVERSITY FOUNDATION RECEIVES, MANAGES AND INVESTS GIFTS IN SUPPORT OF CSU. 11 10 17 12 1273136 150439 71969519 78378827 0 0 86852629 9602498 4500442 1576186 163322590 89557511 59628424 82709633 0 0 2343414 2536361 0 0 0 10308084 5635785 72279922 90881779 91042668 -1324268 706044439 751934427 24332581 26990898 681711858 724943529 X SEE SCHEDULE O COLORADO STATE UNIVERSITY FOUNDATION ASSISTS IN THE PROMOTION, DEVELOPMENT, AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND ENHANCEMENTS OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). THIS IS ACCOMPLISHED THROUGH RECEIVING, MANAGING, AND INVESTING GIFTS. PRINCIPAL AND/OR INCOME FROM THESE GIFTS ARE USED FOR SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES WHICH DIRECTLY OR INDIRECTLY AID AND BENEFIT CSU. 0 0 83223791 82709633 CSU FOUNDATION ASSISTED IN THE PROMOTION, DEVELOPMENT AND ENHANCEMENT OF FACILITIES AND EDUCATIONAL PROGRAMS AND OPPORTUNITIES OF FACULTY, STUDENTS, AND ALUMNI OF COLORADO STATE UNIVERSITY (CSU). DURING THE YEAR, THE FOUNDATION TRANSFERRED APPROXIMATELY $83,000,000 TO CSU AND AFFILIATES. BECAUSE OF THIS AID, CSU WAS ABLE TO AWARD SCHOLARSHIPS AND FELLOWSHIPS TO ITS STUDENTS; PROVIDE FOR ACADEMIC AND INSTRUCTIONAL SUPPORT, RESEARCH EFFORTS, INSTITUTIONAL SUPPORT; AND OPERATION AND MAINTENANCE OF FACILITIES AND EQUIPMENT. 83223791 1 1 0 1 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 9 0 1 17 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK FL MD MA NH OR UT CA MI MN NJ NY X X ALLEN PADILLA 9704917135 300 UNIVERSITY SERVICES CENTER FORT COLLINS CO 805239100 JAMES MARTELL DIRECTOR 1.00 X 0 0 0 RIC THOMAS DIRECTOR/PAST CHAIR 1.00 X X 0 0 0 SCOTT THISTED DIRECTOR 1.00 X 0 0 0 DAVID DIEHL DIRECTOR 1.00 X 0 0 0 LUKE DANIEL DIRECTOR 1.00 X 0 0 0 MARK SMITH DIRECTOR 1.00 X 0 0 0 DEB DEMUTH DIRECTOR/CHAIR 1.00 X X 0 0 0 MICHELLE MARTINEZ DIRECTOR/VICE CHAIR 1.00 X X 0 0 0 MORRIS PRICE DIRECTOR 1.00 X 0 0 0 JIM DETTERICK DIRECTOR 1.00 X 0 0 0 CHERI O'NEILL PRESIDENT/CEO 40.00 X X 343415 0 69249 ALLEN PADILLA VICE PRESIDENT/CFO 40.00 X 231251 0 68187 JILL HIGHAM GENERAL COUNSEL 40.00 X 137612 0 33389 DIPEN PATEL CIS MANAGER 40.00 X 126778 0 37726 TERILYN LARSON CONTROLLER 40.00 X 136508 0 26030 975564 0 234581 5 0 1 0 NEPC LLC DEPARTMENT 3570 BOX 4110 WOBURN MA 01888 INVESTMENT MANAGEMENT 630907 WOODBERRY ASSOCIATES LLC 6227 EAGLE RIDGE RD BETTENDORF IA 52722 LEGISLATIVE RELATIONS 400278 CLEARWATER ANALYTICS 777 W MAIN ST SUITE 900 BOISE ID 83702 INVESTMENT ACCOUNTING 120929 BROWNSTEIN HYATT FARBER SCHRECK LLP PO BOX 172168 DENVER CO 80217 LEGISLATIVE RELATIONS 120428 PLANTE & MORAN PLLC 16060 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 AUDIT & TAX 112657 5 75775 78303052 5975897 78378827 5815321 5815321 100110697 96323520 3787177 3787177 3787177 UBI FROM K-1S 523000 1273136 1273136 MISCELLANEOUS 900099 303050 303050 1576186 89557511 0 1273136 9905548 82689633 82689633 20000 20000 964482 964482 1156585 1156585 108957 108957 176389 176389 129948 129948 54884 54884 112188 112188 448550 448550 3614013 3614013 111880 111880 300 300 17941 17941 250854 250854 15160 15160 14479 14479 66383 66383 94553 39309 55244 PROGRAM EXPENSES 474849 474849 CREDIT CARD FEES 207907 207907 BOARD OF DIRECTORS 69613 69613 TAXES 49666 49666 32565 32565 90881779 83223791 7657988 0 459164 714026 1971392 1396639 35507919 30837998 44850 0 53462 19221 656294 307825 406580 348469 405577109 392050610 259486550 323811678 1392026 1561316 1145387 1194470 706044439 751934427 468993 1017594 6918339 8859905 16203343 16343366 741906 770033 24332581 26990898 X 30527124 38747204 651184734 686196325 681711858 724943529 706044439 751934427 X -1324268 44527310 28629 X 0 1 X 1 0 X 59869666 57022493 103579549 71969519 78378827 370820054 59869666 57022493 103579549 71969519 78378827 370820054 38172948 332647106 7069223 6473177 5829253 5257085 5815321 30444059 59863 272403 440150 356277 303050 1431743 402695856 0.82610 0.81830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 59,863. 2019 AMOUNT: $ 272,403. 2020 AMOUNT: $ 440,150. 2021 AMOUNT: $ 356,277. 2022 AMOUNT: $ 303,050. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 448550 448550 86819216 87267766 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 440190 455200 434784 448550 1778724 250000 250000 250000 250000 1000000 1500000 0 1 X 526125401 36245718 39873666 30008821 572235964 554638093 31548698 -16873360 43188030 526125401 422200747 52072970 130779825 34790355 15625094 554638093 425466325 14169712 -5935766 13554362 2054840 422200747 401599269 19148566 14314244 9595754 425466325 0.04185 0.57041 0.38774 0 0 656294 307825 348469 348469 CASH/CASH EQUIV UNDER INV MGMT 44328623 F HEDGED EQUITIES 143079 F PRIVATE EQUITY 279339976 F 323811678 LIFE INCOME AGREEMENTS 770033 770033 X 131279140 44527310 3254292 47781602 83497538 3614013 2445960 6059973 89557511 88047469 779703 779703 87267766 3614013 3614013 90881779 PART IV, LINE 2B: DEPOSITS HELD IN CUSTODY ARRANGEMENT: THE FOUNDATION HAS BEEN DESIGNATED BY THE BOARD OF GOVERNORS OF THE COLORADO STATE UNIVERSITY (CSU) SYSTEM AS THE OFFICIAL REPOSITORY FOR ALL GIFTS OF CASH, SECURITIES, AND OTHER ASSETS GIVEN TO CSU FOR THE USE AND BENEFIT OF CSU, OTHER THAN THOSE REQUIRED BY LAW TO BE KEPT BY CSU. ENDOWMENTS AND THE RELATED EXPENDABLE FUND ARE HELD BY THE FOUNDATION FOR INVESTMENT SAFEKEEPING. THE FOUNDATION REPORTS ON THESE FUNDS TO CSU REGULARLY. PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS: ENDOWMENT FUNDS SHALL BE USED BY CSU FOR PURPOSES SET FORTH BY THE ENDOWMENT DONOR(S). SUCH USES INCLUDE BUT ARE NOT LIMITED TO SCHOLARSHIP, RESEARCH, ACADEMIC INSTRUCTION, AND OUTREACH. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023 AND 2022, THERE ARE NO MATERIAL UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: TRANSFER FROM CSURF 3,254,292. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME FROM PARTNERSHIPS 1,273,136. ACTUARIAL CHANGE IN VALUE OF LIFE INCOME AGREEMENTS 78,245. NET INVESTMENT LOSS ON DEPOSITS HELD IN CUSTODY FOR CSU 1,094,579. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 779,703. 1 CENTRAL AMERICA/CARIBBEAN 0 0 INVESTMENTS N/A 71214003 EUROPE 0 0 INVESTMENTS N/A 19732725 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS N/A 21429563 0 0 0 0 0 0 112376291 0 112376291 NORTH AMERICA CONSERVATION 10000 ELECTRONIC FUND TRANSFER 0 NORTH AMERICA CONSERVATION 10000 ELECTRONIC FUND TRANSFER 0 2 0 1 0 0 1 1 0 PART III ACCOUNTING METHOD: 1 COLORADO STATE UNIVERSITY OVAL DRIVE FORT COLLINS CO 80523 846000545 GOVERNMENT 82619633 0 EDUCATION AMERICAN FORESTS 1220 L STREET NW SUITE 200 WASHINGTON DC 20005 530196544 501C3 10000 0 CONSERVATION BAT CONSERVATION INTERNATIONSL INC 500 CAPITAL OF TEXAS HWY BLDG 1 AUSTIN TX 78746 742553144 501C3 10000 0 CONSERVATION COLORADO RIO GRANDE RESTORATION FOUNDATION 623 4TH STREET ALAMOSA CO 81101 753169057 501C3 10000 0 CONSERVATION VALENCIA SOIL AND WATER CONSERVATION DISTRICT PO BOX 170 BELEN NM 87002 850222578 10000 0 CONSERVATION CHAMA PEAK LAND ALLIANCE PO BOX 5701 PAGOSA SPRINGS CO 81147 274506183 501C3 10000 0 CONSERVATION HISPANIC ACCESS FOUNDATION 1030 15TH ST NW STE B/1 150 WASHINGTON DC 20005 272589206 501C3 10000 0 CONSERVATION CITY OF SAN ELIZARIO 12710 CHURCH ST SAN ELIZARIO TX 79849 471586812 10000 0 CONSERVATION 8 PART I, LINE 2: MONITORING PROCEDURES: FOR GRANTS TO CSU, UPON ESTABLISHMENT OF A NEW GIFT FUND, A DESIGNATED CSU REPRESENTATIVE RECEIVES FUND DOCUMENTATION (INCLUDING DONOR'S INTENTIONS) AND AGREES TO ENSURE DONOR INTENT IS MET. REGULAR, PERIODIC CERTIFICATIONS ARE GENERATED BY THE FOUNDATION AND DISSEMINATED TO CSU REPRESENTATIVES FOR REVIEW AND ATTESTATION THAT ALL AMOUNTS TRANSFERRED TO CSU DURING THE REPORTING PERIOD HAVE BEEN EXPENDED OR USED IN ACCORDANCE WITH DONOR'S INTENTIONS. FOR GRANTS TO ENTITIES OUTSIDE OF CSU FOR CSU PUBLIC SERVICE INITIATIVES, A GRANT AGREEMENT IS ENTERED INTO WITH THE GRANTEE WHICH LAYS FORTH TERMS AND REPORTING REQUIREMENTS. GRANTEES ARE REQUIRED TO SUBMIT REPORTS DEMONSTRATING HOW THE FUNDS WERE SPENT. PART II, LINE 1H, PURPOSE OF GRANS OR ASSISTANCE: FOR GRANTS TO CSU, PURPOSES SET FORTH BY THE DONOR ARE COMMUNICATED TO CSU FOR ALL ASSISTANCE PROVIDED FROM CSU FOUNDATION TO CSU. SUCH PURPOSES INCLUDE BUT ARE NOT LIMITED TO SCHOLARSHIP, RESEARCH, ACADEMIC INSTRUCTION, CAPITAL IMPROVEMENTS, AND INSTITUTIONAL SUPPORT. FOR GRANTS TO ENTITIES OUTSIDE OF CSU, CSU'S SALAZAR CENTER FOR NORTH AMERICAN CONSERVATION INSTITUTED A PROGRAM CALLED PEREGRINE ACCELERATOR TO ASSIST NON-PROFIT ORGANIZATIONS IN DEVELOPING SOLUTIONS FOR CONSERVATION. X X X 0 0 0 0 0 0 0 0 0 CHERI O'NEILL PRESIDENT/CEO 331790 0 11000 0 625 0 39801 0 29448 0 412664 0 0 0 ALLEN PADILLA VICE PRESIDENT/CFO 230626 0 0 0 625 0 28950 0 39237 0 299438 0 0 0 X 150 5975897 AVERAGE OF HIGH LOW 0 1 1 PART I, LINE 32B: CSU CONDUCTS FUNDRAISING FOR ALL GIFTS (BOTH CASH AND NONCASH). GIFTS OF CASH AND GIFTS OF SECURITIES FOR THE BENEFIT OF CSU ARE RECEIVED BY THE FOUNDATION. PER AN AGREEMENT BETWEEN THE FOUNDATION AND CSU, ALL GIFTS RECEIVED BY THE FOUNDATION ARE PROCESSED BY CSU. FORM 990, PART VI, SECTION A, LINE 1A COMPOSITION OF THE BOARD OF DIRECTORS: THE BOARD OF DIRECTORS OF THE FOUNDATION CONSISTS OF ELEVEN VOTING MEMBERS AND FOUR, EX-OFFICIO, NON-VOTING MEMBERS. VOTING BOARD MEMBERS CONSIST OF TEN COMMUNITY MEMBERS AND THE PRESIDENT OF THE FOUNDATION. NON-VOTING BOARD MEMBERS CONSIST OF THE PRESIDENT OF COLORADO STATE UNIVERSITY, THE VICE PRESIDENT FOR UNIVERSITY OPERATIONS, THE VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT, AND A MEMBER OF THE UNIVERSITY'S BOARD OF GOVERNORS WHO HOLDS THE POSITION OF LIAISON TO THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF 990: AS DOCUMENTED IN MEETING MINUTES, THE FOUNDATION'S BOARD OF DIRECTORS HAS BEEN ENGAGED IN THE REPORTING REQUIREMENTS OF FORM 990. AT THE BOARD MEETING PRIOR TO FILING THE FORM 990, EACH DIRECTOR RECEIVED, REVIEWED AND APPROVED A COPY OF THE COMPLETED FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: DIRECTORS OF THE FOUNDATION'S BOARD AND EMPLOYEES OF THE FOUNDATION ARE PROVIDED COMPANY POLICIES ON OR BEFORE THEIR FIRST DATE OF SERVICE FOR THE FOUNDATION. ALL DIRECTORS AND KEY EMPLOYEES OF THE FOUNDATION'S BOARD ARE REQUESTED TO COMPLETE AND SUBMIT A DISCLOSURE OF POTENTIAL AND KNOWN CONFLICT(S) OF INTEREST ANNUALLY OR MORE FREQUENTLY IF CONFLICTS ARISE SOONER. ANY DISCLOSED RELATIONSHIPS ARE DISCUSSED WITH LEGAL COUNSEL AND A DETERMINATION MADE AS TO WHETHER THE RELATIONSHIP CONSTITUTES A CONFLICT OF INTEREST. SHOULD A CONFLICT OF INTEREST BE DETERMINED TO EXIST, THE BOARD IS INFORMED AND THE BOARD DETERMINES APPROPRIATE ACTION IF NECESSARY. SUCH ACTION MAY INCLUDE PROHIBITING THE DIRECTOR FROM PARTICIPATING IN CERTAIN DELIBERATIONS AND DECISIONS OR RECUSING THE DIRECTOR FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION POLICY: THE FOUNDATION'S PROCESS FOR DETERMINING COMPENSATION OF ALL OF ITS EMPLOYEES BEGINS WITH IDENTIFYING RESPONSIBILITIES OF THE POSITION. SALARIES ASSOCIATED WITH COMPARABLE POSITIONS WITHIN THE NONPROFIT SECTOR AND GEOGRAPHIC AREA ARE CONSIDERED, AS WELL AS THE EMPLOYEE'S RELEVANT EXPERIENCE AND EDUCATION. SALARY AND WAGE RATES FOR NEW EMPLOYEES AND ANY CHANGES TO PAY RATES ARE APPROVED BY THE PRESIDENT/CEO OR HIS/HER DESIGNEE. THE CHAIRPERSON OF THE FOUNDATION'S BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE PRESIDENT/CEO USING THE FOREMENTIONED PROCESS AND PROPOSES THE COMPENSATION OR CHANGES TO COMPENSATION TO THE VOTING DIRECTORS FOR APPROVAL. THE PRESIDENT/CEO DETERMINES THE COMPENSATION FOR OTHER TOP OFFICIALS. THE BOARD OF DIRECTORS THEN APPROVES THE COMPENSATION ON AN INDIVIDUAL POSITION BASIS FOR OTHER TOP OFFICIALS IN CONJUNCTION WITH ITS REVIEW AND APPROVAL OF THE FOUNDATION'S BUDGET. BOARD-APPROVED COMPENSATION AND CHANGES IN COMPENSATION ARE COMMUNICATED BY THE CHAIRPERSON TO THE PRESIDENT/CEO AND CFO. APPROPRIATE DOCUMENTATION OF THE COMPENSATION PROCESS IS MAINTAINED IN THE FOUNDATION'S RECORDS. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE OF DOCUMENTS TO THE PUBLIC: THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS, IRS FORM 990, AND IRS FORM 1023 ARE AVAILABLE VIA THE FOUNDATION'S WEBSITE AT WWW.CSUFOUNDATION.ORG. ALSO AVAILABLE ON ITS WEBSITE IS THE FOUNDATION'S OPEN RECORDS POLICY WHICH ADDRESSES WHAT RECORDS ARE CONSIDERED PUBLIC RECORDS OPEN FOR INSPECTION AND THE PROCESS FOR REQUESTING SUCH RECORDS. FORM 990, PART XI, LINE 9: ACTUARIAL CHANGE IN VALUE OF LIFE INCOME AGREEMENTS -78,245. NET INVESTMENT LOSS ON DEPOSITS HELD IN CUSTODY FOR CSU -1,094,579. TRANSFERS FROM CSU STRATA 3,254,292. UNRELATED BUSINESS INCOME FROM PARTNERSHIPS -1,273,136. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -779,703.