Civic Intelligence

Adams State University Foundation Inc.

990 • Fiscal year 2017 • EIN 84-6027518

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 30, 2018

Organization Profilewww.adams.edu
208 Edgemont BoulevardAlamosa, CO 81102

(719) 587-7121

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

10th percentile

0.02x

Higher debt load relative to revenue than 10% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

81st percentile

24%

Higher net margin than 81% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

14th percentile

$48,421

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

11th percentile

-19%

Faster revenue growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$20,637,656

Up $2,128,722 (+12%) from 2016

Net Assets

Up

$20,596,311

Up $2,179,678 (+12%) from 2016

Liabilities

Down

$41,345

Down $50,956 (-55%) from 2016

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin81st percentile

Revenue

Down

$2,569,571

Down $600,136 (-19%) from 2016

Expenses

Down

$1,949,936

Down $85,245 (-4.2%) from 2016

Net Income

Down

$619,635

Down $514,891 (-45%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $13,829,448Liabilities 2011: $32,453Net Assets 2011: $13,796,9952011Assets 2012: $14,020,527Liabilities 2012: $20,135Net Assets 2012: $14,000,3922012Assets 2013: $15,100,333Liabilities 2013: $62,021Net Assets 2013: $15,038,3122013Assets 2014: $17,294,873Liabilities 2014: $42,023Net Assets 2014: $17,252,8502014Assets 2015: $17,923,524Liabilities 2015: $55,276Net Assets 2015: $17,868,2482015Assets 2016: $18,508,934Liabilities 2016: $92,301Net Assets 2016: $18,416,6332016Assets 2017: $20,637,656Liabilities 2017: $41,345Net Assets 2017: $20,596,3112017Assets 2018: $22,257,620Liabilities 2018: $52,881Net Assets 2018: $22,204,7392018Assets 2019: $23,547,078Liabilities 2019: $52,649Net Assets 2019: $23,494,4292019Assets 2020: $24,585,513Liabilities 2020: $38,391Net Assets 2020: $24,547,1222020Assets 2021: $31,147,861Liabilities 2021: $76,542Net Assets 2021: $31,071,3192021Assets 2022: $27,757,984Liabilities 2022: $51,247Net Assets 2022: $27,706,7372022Assets 2023: $29,975,684Liabilities 2023: $59,298Net Assets 2023: $29,916,3862023Assets 2024: $38,478,754Liabilities 2024: $92,418Net Assets 2024: $38,386,3362024Assets 2025: $41,969,402Liabilities 2025: $24,650Net Assets 2025: $41,944,7522025

Highlighted filing

2017

Assets$20,637,656
Liabilities$41,345
Net Assets$20,596,311
Open 2017 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0Revenue 2011: $2,136,793Expenses 2011: $1,337,985Net Income 2011: $798,8082011Revenue 2012: $1,477,346Expenses 2012: $1,271,701Net Income 2012: $205,6452012Expenses 2013: $1,714,9632013Revenue 2014: $1,958,599Expenses 2014: $1,651,081Net Income 2014: $307,5182014Revenue 2015: $2,678,065Expenses 2015: $1,868,709Net Income 2015: $809,3562015Revenue 2016: $3,169,707Expenses 2016: $2,035,181Net Income 2016: $1,134,5262016Revenue 2017: $2,569,571Expenses 2017: $1,949,936Net Income 2017: $619,6352017Revenue 2018: $2,968,354Expenses 2018: $2,053,797Net Income 2018: $914,5572018Revenue 2019: $3,378,625Expenses 2019: $2,400,220Net Income 2019: $978,4052019Revenue 2020: $3,421,304Expenses 2020: $2,584,233Net Income 2020: $837,0712020Revenue 2021: $5,663,085Expenses 2021: $2,294,097Net Income 2021: $3,368,9882021Revenue 2022: $4,294,888Expenses 2022: $2,640,015Net Income 2022: $1,654,8732022Revenue 2023: $2,962,500Expenses 2023: $2,584,111Net Income 2023: $378,3892023Revenue 2024: $8,066,797Expenses 2024: $2,754,093Net Income 2024: $5,312,7042024Revenue 2025: $5,592,625Expenses 2025: $2,802,127Net Income 2025: $2,790,4982025

Highlighted filing

2017

Revenue$2,569,571
Expenses$1,949,936
Net Income$619,635
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 30, 2018
Return Version
2016v3.0
Gross Receipts
$4,806,101
Mission and Program Overview

Mission

The adams state university foundation exists to promote and further the interests, objectives and purposes of the college; to seek and receive gifts, legacies and grants of money or property and to administer such for the benefit of the college.

The adams state university foundation exists to promote and further the interests, objectives and purposes of the university; to seek and receive gifts, legacies and grants of money or property and to administer such for the benefit of the university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,668,822$19,996,946▲ $2,328,124
Savings and Temporary Cash Investments$467,299$432,845▼ $34,454
Cash and Non-Interest-Bearing Accounts$329,323$176,625▼ $152,698
Pledges and Grants Receivable$36,250$24,000▼ $12,250
Inventories for Sale or Use$7,240$7,240→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$18,508,934$20,637,656▲ $2,128,722
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$92,301$41,345▼ $50,956
Total Liabilities$92,301$41,345▼ $50,956
Net Assets / Fund Balance
Permanently Rstr Net Assets$14,052,665$15,230,491▲ $1,177,826
Unrestricted Net Assets$2,288,539$3,302,179▲ $1,013,640
Temporarily Rstr Net Assets$2,075,429$2,063,641▼ $11,788
Total Net Assets Fund Balance$18,416,633$20,596,311▲ $2,179,678
Total Liabilities and Net Assets / Fund Balance$18,508,934$20,637,656▲ $2,128,722

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$14,052,665$1,177,826--$15,230,491
2015$13,248,951$782,973▲ $20,741-$14,052,665
2014$12,809,410$409,093▲ $30,448-$13,248,951
2013$11,919,621$889,789--$12,809,410
2012$11,370,610$549,011--$11,919,621
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Tammy LopezExecutive DirecFT$48,421$48,421

Board Members and Trustees

NameTitle
Ron HowardPresident
JOHN McDANIELVice President
Bill FassettBoard Member
Cathy MullensBoard Member
Charles HouserBoard Member
Chuck OwsleyBoard Member
Dale HettingerBoard Member
Dorothy LuceroBoard Member
Duane BusseyBoard Member
Genevieve CooperBoard Member
Glenn BurnhamBoard Member
Helen SigmondBoard Member
Keith CernyBoard Member
Michelle RoepkeBoard Member
Richard ScangaBoard Member
Russell AchatzBoard Member
Tim BachichaBoard Member
Valerie FinneganBoard Member
Jeni Jack GoodwinSecretary
Donn VigilTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,949,310
Program Service Revenue
$0
Investment Income
$620,261
Other Revenue
$0
All Other Contributions
$1,949,310
Change in Net Assets
$619,635

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,569,571
Revenue Not Reported on Form 990
$1,560,043
Total Revenue per Audited Statements
$4,129,614
Total Revenue per Form 990
$2,569,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,624,152
Other Expenses$325,784
Total Fundraising Expense$26,188
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,597,439--$1,597,439
All Other Expenses$41,626$15,526-$57,152
Grants to Domestic Individuals$26,713--$26,713
Other Expenses$70,023$25,372$26,188$25,372
Fees for Services Accounting-$14,200-$14,200
Insurance-$3,812-$3,812
Occupancy-$1,340-$1,340
Information Technology-$150-$150
Total Functional Expenses$1,735,801$187,947$26,188$1,949,936

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,949,936
Total Expenses per Audited Statements$1,949,936
Total Expenses per Form 990$1,949,936
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Adams State UniversityAlamosa, CO501 (c)(3)Scholarship Money$1,125,532
Adams State UniversityAlamosa, CO501(c)(3)Athletic Development$331,357
Adams State UniversityAlamosa, CO501(c)(3)Acedemic Department Programs$49,800
Regis UniversityDenver, CO-Nursing Scholarship$36,250
Grand Canyon UniversityPhoenix, AZ-Nursing Scholarship$15,000
Norwich UniversityNorthfield, VT-Nursing Scholarship$10,000
Csu - PuebloPueblo, CO-Nursing Scholarship$7,500
Simmons CollegeBoston, MA-Nursing Scholarship$7,500
Capella College of NursingMinneapolis, MN-Nursing Scholarship$7,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The executive director will review the form 990 with the president of the board before filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“All board members are required to sign a disclosure statement. The signed statement includes a paragraph indicating that the board members are required to update their disclosure statement at any time the board member becomes aware of an interest that constitutes a conflict.there have been no known policy violations to enforce.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Any changes in salary are worked into the budget which requires board approval. As of now the alumni staff is compensated by adams state university and not through the foundation.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Any changes in salary are worked into the budget which requires board approval. As of now the alumni staff is compensated by adams state university and not through the foundation.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All documents available upon request at the office of the foundation.”

Filing and Contact Details

Filer

Filer Name
Adams State University Foundation Inc
EIN
84-6027518
Phone
7195877121
Address
208 EDGEMONT BOULEVARD, ALAMOSA, CO 81102

Signing Officer

Name
Tammy Lopez
Title
Executive Direc
Signed
2018-04-30
Discuss with paid preparer
Yes

Organization Details

Formed
1962
Legal Domicile
Co
Voting Board Members
21
Independent Board Members
21
Employees
11

Preparer

Firm
Wall Smith Bateman Inc
Address
700 Main Street Suite 200, Alamosa, CO 81101
Preparer
Karla S Willschau
Phone
7195893619
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES ON INCOME SUBSTANTIALLY RELATED TO THE FOUNDATION'S EXEMPT PURPOSE UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE. UNDER COLORADO STATUTES, ANY ORGANIZATION RECEIVING EXEMPTION FROM FEDERAL INCOME TAXES IS ALSO EXEMPT FROM COLORADO INCOME TAXES.The Foundation files federal income tax returns. The federal income tax returns prior to fiscal year 2012 are closed. The Foundations policy for evaluating uncertain income tax positions is to only take income tax positions that are more likely than not to be sustained if the taxing authorities were to examine the positions. If applicable, the Foundation classifies interest and penalties as interest expense. There is no cumulative effect of the change on net assets of applying the provisions of FASB ASC 740-10, in the statements of financial condition.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15President
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,637,656
Liabilities
$41,345
Net assets
$20,596,311
Revenue
$2,569,571
Expenses
$1,949,936
Net income
$619,635
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$42.0$0.02$41.9$5.59$2.80$2.79
2024Detailed filing. Detailed filing data is available for this year.$38.5$0.09$38.4$8.07$2.75$5.31
2023Detailed filing. Detailed filing data is available for this year.$30.0$0.06$29.9$2.96$2.58$0.38
2022Detailed filing. Detailed filing data is available for this year.$27.8$0.05$27.7$4.29$2.64$1.65
2021Detailed filing. Detailed filing data is available for this year.$31.1$0.08$31.1$5.66$2.29$3.37
2020Detailed filing. Detailed filing data is available for this year.$24.6$0.04$24.5$3.42$2.58$0.84
2019Detailed filing. Detailed filing data is available for this year.$23.5$0.05$23.5$3.38$2.40$0.98
2018Detailed filing. Detailed filing data is available for this year.$22.3$0.05$22.2$2.97$2.05$0.91
2017Detailed filing. Detailed filing data is available for this year.$20.6$0.04$20.6$2.57$1.95$0.62
2016Detailed filing. Detailed filing data is available for this year.$18.5$0.09$18.4$3.17$2.04$1.13
2015Detailed filing. Detailed filing data is available for this year.$17.9$0.06$17.9$2.68$1.87$0.81
2014Detailed filing. Detailed filing data is available for this year.$17.3$0.04$17.3$1.96$1.65$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.1$0.06$15.0$1.71
2012Summary only. Only limited summary data is available for this year.$14.0$0.02$14.0$1.48$1.27$0.21
2011Summary only. Only limited summary data is available for this year.$13.8$0.03$13.8$2.14$1.34$0.80