Colorado Mountain College

“Board members are presented with draft copies of the form 990 and all schedules and attachments, which they are asked to review and approve. At the same time, board members are asked to disclose any potential conflicts of interest.”

“Members of the board of directors sign a document upon joining the board which precludes members from conflicting interests. In addition, members disclose annually that they have not participated in such.”

“In alignment with colorado mountain college's human resource policies, all adminstrative salaries, inclusive of the foundation ceo and foundation personnel, are set using cupa national data. All salaries are then reviewed and approved by the college's vp of finance & administration and cfo. The college president further reviews and approves the foundation ceo's compensation.”

“All foundation salaries are reviewed and approved by the college's vp of finance & administration and cfo.”

“Governing documents, financial statements, and the conflict of interest policy are available upon request.”

“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.”

“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.”

“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/.”

“The audit and finance committee meets annually with the independent cpa firm to review the results of the current audit and internal control recommendations, if any. The committee also assumes the annual responsibility of approving the selection of the audit firm. There have been no changes to these processes from the prior year.”