Colorado State University Foundation
Colorado State University Foundation reported $117.2 million in revenue and $92.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $86.79 went to program services, $13.21 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 80.7% of the total. The highest compensation it reported for one person was $447,119 (PRESIDENT/CEO). 8 people received more than $100,000 in reportable compensation. Revenue rose 54% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $92MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $117MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.8% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 80.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $447,119 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.48% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 8 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 108.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 10 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCsu 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 $79,000,000 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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Director/trustee, officer, 40.00 hrs/week | $382,032 | $0 | $65,087 | $447,119 |
| VICE PRESIDENT/CFO Officer, 40.00 hrs/week | $263,447 | $0 | $77,252 | $340,699 |
| CONTROLLER Highest compensated employee, 40.00 hrs/week | $169,826 | $0 | $46,611 | $216,437 |
| DIRECTOR OF INFORMATION SYSTEMS Highest compensated employee, 40.00 hrs/week | $158,429 | $0 | $48,117 | $206,546 |
| SECRETARY Officer, 40.00 hrs/week | $111,826 | $0 | $36,774 | $148,600 |
| DIRECTOR OF BUSINESS DATA Highest compensated employee, 40.00 hrs/week | $117,055 | $0 | $28,531 | $145,586 |
| ASSISTANT CONTROLLER Highest compensated employee, 40.00 hrs/week | $101,004 | $0 | $29,518 | $130,522 |
8 people received more than $100,000 in reportable compensation from Colorado State University Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $891K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 523
- Volunteers Part I, line 612
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| NEPC LLC Outsourced chief investment officer | $702,989 |
| WOODBERRY ASSOCIATES LLC Legislative relations | $413,448 |
| PLANTE & MORAN PLLC Audit and tax | $142,328 |
| BROWNSTEIN HYATT FARBER SCHRECK LLP Legislative relations | $135,000 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
73 private foundations reported grants to Colorado State University Foundation totaling $7.0M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Colorado State University Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Colorado State University Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Colorado State University Foundation spent in FY2025, $86.79 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- St John's SchoolHouston, TX · revenue $117M · programs 83.8% · FY2025
- College of Saint BenedictSaint Joseph, MN · revenue $117M · programs 87.4% · FY2025
- University of Massachusetts GlobalAliso Viejo, CA · revenue $117M · programs 74.9% · FY2025
- Goucher CollegeBaltimore, MD · revenue $117M · programs 82.5% · FY2025
- Bright Star SchoolsLos Angeles, CA · revenue $117M · programs 84.3% · FY2025
Questions people ask
How much of Colorado State University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Colorado State University Foundation reported that 86.8% of its $92.4 million in expenses went to program services, 13.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Colorado State University Foundation pay its top executive?
The largest total compensation Colorado State University Foundation reported for one person in the fiscal year ending June 30, 2025 was $447,119, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Colorado State University Foundation get its money?
Of $117.2 million in revenue in the fiscal year ending June 30, 2025, 80.7% came from contributions and grants (including 0.1% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Colorado State University Foundation a registered charity?
The IRS lists EIN 23-7098397 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202610979349301836 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501079349301600 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411169349301871 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340669349300014 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210179349300316 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202033209349300523 · read the filing
All filings for EIN 23-7098397: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.