Naropa University FY2020 filing

Tax-deductible

Boulder, CO501(c)(3)Since 1974EIN 84-1029228Revenue $30.7M in FY2020

On file with the IRSnaropa.edu2130 Arapahoe Ave, 80302-6602 · Boulder, COTax-exempt since Jun 1987School — 170(b)(1)(A)(ii)

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Naropa University recognizes the inherent goodness and wisdom of each human being. Naropa educates the whole person, nurturing in its students a lifelong joy in learning, a critical intellect, the sense of purpose that accompanies compassionate service to the world, and the openness and equanimity that arise from authentic insight and self-understanding. Naropa students explore the inner resources needed to engage with a complex and challenging world, to help transform that world, and to attain deeper levels of happiness and meaning in their lives. Drawing on the vital insights of the world's wisdom traditions, Naropa is simultaneously Buddhist-inspired, ecumenical, and nonsectarian. Naropa values ethnic and cultural differences for their essential role in education. It embraces the richness of human diversity with the aim oof fostering a more just and equitable society and an expanded awareness of our common humanity.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$815K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $1.8M a year · 6% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$815K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
17
named funders · $1.4M
Looks good: 17 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$14.0M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 18 voting members
Looks good: 16 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$30.7M
Spent
$32.6M
To programs
75%
Net assets
$14.4M
By yearFY2020–FY2024
Revenue
$30.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$30.7M
FY2021$26.8M
FY2022$27.5M
FY2023$31.9M
FY2024$36.9M
FY2024$38.8M
Expenses
$32.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$32.6M
FY2021$29.5M
FY2022$26.1M
FY2023$37.0M
FY2024$37.5M
FY2024$38.1M
Net assets
$14.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$14.4M
FY2021$12.3M
FY2022$17.7M
FY2023$14.5M
FY2024$14.0M
FY2024$15.0M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $24.5M Management & general 23% · $7.7M Fundraising 1% · $431K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $815K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
University President
$257,792Pt VII · Sec A
VP Operations
$167,231Pt VII · Sec A
Special Advisor to the Pre
$132,104Pt VII · Sec A
Director Information Techn
$106,635Pt VII · Sec A
Executive Director of Mission Integration
$101,742Pt VII · Sec A
Faculty Trustee
$49,744Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Student Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Charles Lief$388,915$427,327$385,061$300,000$261,483$257,792
Tyler Kelsch-VP of Operations——$193,466———
Ann Marie Klotz-VP for Enroll—$191,969$169,650———
Ann Marie Klotz$190,254——$169,125$155,232—
Tyler Kelsch———$179,374——
Sue West———$171,175$145,577—
Tyler a Kelsch————$169,564$167,231
Linda Black—$165,369$156,728$164,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Naropa University executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Teaches contemplative education, fostering mindfulness and wisdom in students.

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Provided by the organization

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3 programs · $24.2M · in their own filed words · FY2019
01

The university offers undergraduate, graduate and continuing education programs in arts, social sciences and the humanities. It is accredited by the higher learning commission. There are approximately 1,000 graduate and undergraduate students.

$23.2Mprogram expense
02

Alaya preschool operates as a preschool and child care facility serving children and their families in the greater boulder area. As part of naropa university, alaya preschool operates as a lab school serving students in naropa's early childhood and contemplative education programs.

$549Kprogram expense
03

Student housing for those undergraduates that are required to live in student housing or those students that elect to live in student housing.

$503Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 17 funders →
Grants paid · 21 grants · $41.1M · 2019–2024
Unitemized GrantFY2024$6,635,265
Unitemized GrantFY2024$46,010
Unitemized GrantFY2024$32,815
Unitemized GrantFY2023$6,906,995
Unitemized GrantFY2023$47,640
Unitemized GrantFY2023$43,650
Unitemized GrantFY2022$6,997,911
Unitemized GrantFY2022$61,803
Unitemized GrantFY2022$43,843
Unitemized GrantFY2021$1,161,886
Unitemized GrantFY2021$48,675
Unitemized GrantFY2021$26,775
Unitemized GrantFY2020$6,002,514
Unitemized GrantFY2020$6,002,513
Unitemized GrantFY2020$34,619
Unitemized GrantFY2020$34,595
Unitemized GrantFY2020$34,595
Unitemized GrantFY2020$14,213
See all 21 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$30.7M
Ln 12
Fees for servicesLn 2g$24.9M
Gifts and grantsLn 1h$5.3M
Investment incomeLn 3$323K
Money outPt IX
$32.6M
Ln 25
Programscol B$24.5M
Managementcol C$7.7M
Fundraisingcol D$431K
Owns and owesPt X
$14.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$28.4M
LiabilitiesLn 26$14.0M
PeoplePt VI, VII
22
listed · VII A
PaidVII A6
Voting boardVI 1a18
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.3M
Government grantsLn 1e$3.3M
Fees for servicesLn 2g$24.9M
Investment incomeLn 3$323K
Other incomeLn 4–11$96K
Gains on assetsLn 7$149K
Total revenueLn 12$30.7M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$3.4M
InvestmentsLn 11–13$4.1M
Land, buildings, equipmentLn 10c$19.3M
Other assetsLn 15$175K
Total assetsLn 16$28.4M
LiabilitiesLn 26$14.0M
Net assetsLn 32$14.4M
OperationsPt I, VI
EmployeesI 5593
VolunteersI 617
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$715K$3.4M
InvestmentsLn 11–13$7.0M$4.1M
Land, buildings, equipmentLn 10c$19.5M$19.3M
Total assetsLn 16$28.8M$28.4M
LiabilitiesLn 26$12.5M$14.0M
Net assetsLn 32$16.3M$14.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$6.9M$6.9M
Pay of current officers, directors and key staffLn 5$610K$163K$447K
Other salaries and wagesLn 7$11.9M$8.7M$3.0M$182K
Other employee benefitsLn 9$1.6M$1.1M$475K$33K
Payroll taxesLn 10$982K$668K$295K$20K
Legal feesLn 11b$33K$33K
Accounting feesLn 11c$71K$71K
Investment management feesLn 11f$36K$36K
Other fees for servicesLn 11g$1.2M$814K$359K$24K
Advertising and promotionLn 12$273K$186K$82K$5K
Office expensesLn 13$172K$117K$52K$3K
Information technologyLn 14$3.0M$2.0M$901K$60K
OccupancyLn 16$1.7M$1.0M$613K$38K
TravelLn 17$403K$274K$121K$8K
Conferences, conventions and meetingsLn 19$50K$34K$15K$993
InterestLn 20$924K$628K$277K$18K
Depreciation, depletion and amortizationLn 22$610K$415K$183K$12K
Other expenses (24a–d)Ln 24$1.8M$1.2M$567K$20K
All other expensesLn 24e$295K$200K$88K$6K
Total functional expensesLn 25$32.6M$24.5M$7.7M$431K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $36.9M$37.5M−$566K$14.0M 990 PDF
FY2023 $31.9M$37.0M−$5.2M$14.5M 990 PDF
FY2022 $27.5M$26.1M$1.5M$17.7M 990 PDF
FY2021 $26.8M$29.5M−$2.7M$12.3M 990 PDF
FY2020 Viewing $30.7M$32.6M−$1.9M$14.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $30,673,226 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $977,107$5,324,048
I-9 Program service revenuePrior year $26,204,629$24,930,533
I-10 Investment incomePrior year $612,425$322,921
I-11 Other revenuePrior year $104,435$95,724
I-12 Total revenuePrior year $27,898,596$30,673,226
I-13 Grants and similar amounts paidPrior year $7,527,762$6,946,068
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,843,473$15,111,391
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,297,434$10,554,765
I-18 Total expensesPrior year $30,668,669$32,612,224
I-19 Revenue less expensesPrior year −$2,770,073−$1,938,998
Part VI · Governance 16 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members16
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $30,673,226 across 8 lines filed
VIII-1e Government grants$3,307,785
VIII-1f All other contributions, gifts and grants$2,016,263
VIII-1h Total contributions, gifts and grants$5,324,048
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,930,533$24,930,533
VIII-3 Investment incomeExcluded from tax $174,412$174,412
VIII-7 Net gain or loss on sales of assetsExcluded from tax $148,509$148,509
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$11,715 · Excluded from tax $107,439$95,724
VIII-12 Total revenueRelated to mission $24,930,533 · Unrelated business −$11,715 · Excluded from tax $430,360$30,673,226
Part IX · Statement of functional expenses $32,612,224 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $6,946,068$6,946,068
IX-5 Pay of current officers, directors and key staffPrograms $163,118 · Management $446,606$609,724
IX-7 Other salaries and wagesPrograms $8,669,517 · Management $3,047,873 · Fundraising $182,122$11,899,512
IX-9 Other employee benefitsPrograms $1,111,455 · Management $475,261 · Fundraising $33,123$1,619,839
IX-10 Payroll taxesPrograms $667,975 · Management $294,695 · Fundraising $19,646$982,316
IX-11b Legal feesManagement $32,610$32,610
IX-11c Accounting feesManagement $70,638$70,638
IX-11f Investment management feesManagement $36,069$36,069
IX-11g Other fees for servicesPrograms $813,973 · Management $359,106 · Fundraising $23,940$1,197,019
IX-12 Advertising and promotionPrograms $185,886 · Management $82,009 · Fundraising $5,467$273,362
IX-13 Office expensesPrograms $116,796 · Management $51,528 · Fundraising $3,435$171,759
IX-14 Information technologyPrograms $2,041,597 · Management $900,704 · Fundraising $60,047$3,002,348
IX-16 OccupancyPrograms $1,026,421 · Management $613,420 · Fundraising $37,708$1,677,549
IX-17 TravelPrograms $274,094 · Management $120,924 · Fundraising $8,062$403,080
IX-19 Conferences, conventions and meetingsPrograms $33,773 · Management $14,900 · Fundraising $993$49,666
IX-20 InterestPrograms $627,982 · Management $277,051 · Fundraising $18,470$923,503
IX-22 Depreciation, depletion and amortizationPrograms $414,822 · Management $183,010 · Fundraising $12,201$610,033
IX-24 Other expenses (24a–d)Programs $1,224,905 · Management $567,218 · Fundraising $20,381$1,812,504
IX-24e All other expensesPrograms $200,344 · Management $88,387 · Fundraising $5,894$294,625
IX-25 Total functional expensesPrograms $24,518,726 · Management $7,662,009 · Fundraising $431,489$32,612,224
Part X · Balance sheet $28,388,817 assets, 19 lines filed
Asset lines not itemized here account for $150,499; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $390,652$1,440,058
X-2 Savings and temporary cash investmentsStart of year $324,689$1,954,883
X-3 Pledges and grants receivableStart of year $288,567$188,634
X-4 Accounts receivableStart of year $436,389$784,594
X-9 Prepaid expenses and deferred chargesStart of year $183,341$339,646
X-10c Land, buildings and equipment, netStart of year $19,525,653$19,285,115
X-11 Publicly traded securitiesStart of year $7,041,033$4,057,809
X-14 Intangible assetsStart of year $372,143$12,143
X-15 Other assetsStart of year $45,442$175,436
X-16 Total assetsStart of year $28,822,829$28,388,817
X-17 Accounts payable and accrued expensesStart of year $1,147,104$1,704,630
X-19 Deferred revenueStart of year $175,726$0
X-20 Tax-exempt bond liabilitiesStart of year $10,121,757$5,531,176
X-25 Other liabilitiesStart of year $247,830$4,660,089
X-26 Total liabilitiesStart of year $12,500,891$13,961,331
X-27 Net assets without donor restrictionsStart of year $12,281,826$10,271,252
X-28 Net assets with donor restrictionsStart of year $4,040,112$4,156,234
X-32 Total net assets or fund balancesStart of year $16,321,938$14,427,486
X-33 Total liabilities and net assetsStart of year $28,822,829$28,388,817
Part XI · Reconciliation of net assets $14,427,486 net assets at year end
XI-1 Total revenue$30,673,226
XI-2 Total expenses$32,612,224
XI-3 Revenue less expenses−$1,938,998
XI-4 Net assets at start of year$16,321,938
XI-5 Net unrealized gains (losses) on investments$32,831
XI-9 Other changes in net assets$11,715
XI-10 Net assets at end of year$14,427,486

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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