Colorado Mountain College Foundation Inc

What it reported doing in 2024

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/.

Financial Efficiency

• Mission deployment rate: 80.1%; rating input score 80
• Program expense ratio: 78.1%; rating input score 78
• Fundraising efficiency: $10.48 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 13%; rating input score 68; 68th percentile among comparable filings
• Total-asset coverage ratio: 5.15; rating input score 84; 84th percentile among comparable filings
• Liabilities to assets ratio: 0.06; rating input score 67; 67th percentile among comparable filings
• Officer compensation ratio: 7%; rating input score 41; 41st percentile among comparable filings

Growth

• Program expense growth: 11.9% per year; rating input score 100; 70th percentile among comparable filings
• Revenue growth: 7.5% per year; rating input score 100; 57th percentile among comparable filings
• Asset growth: 7.9% per year; rating input score 100; 49th percentile among comparable filings