Naropa University FY2021 filing

Tax-deductible

Boulder, CO501(c)(3)Since 1974EIN 84-1029228Revenue $26.8M in FY2021

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.
$2.4M 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

FY2021 · 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
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.4M
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
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
$20.7M
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
17
of 20 voting members
Looks good: 17 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$26.8M
-13% vs prior year
Spent
$29.5M
To programs
75%
Net assets
$12.3M
By yearFY2020–FY2024
Revenue
$26.8M
FY2021▼ -13%
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
$29.5M
FY2021▼ -9%
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
$12.3M
FY2021▼ -15%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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% · $22.1M Management & general 29% · $8.7M Fundraising 2% · $464K

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

52 people listed on the 990; $2.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
University President
$261,483Pt VII · Sec A
University President
$261,483Pt VII · Sec A
VP Operations
$169,564Pt VII · Sec A
VP Operations
$169,564Pt VII · Sec A
VP of Admissions
$155,232Pt VII · Sec A
VP of Admissions
$155,232Pt VII · Sec A
Provost and VP for Academic Affairs
$145,577Pt VII · Sec A
Provost and VP for Academic Affairs
$145,577Pt 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.

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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.

Questions for Naropa University

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Provided by the organization

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4 programs · $41.3M · in their own filed words · FY2020
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.

$21.1Mprogram expense
02

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.

$19.2Mprogram 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.

$547Kprogram expense
04

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

$547Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$26.8M
Ln 12
Fees for servicesLn 2g$23.7M
Gifts and grantsLn 1h$2.9M
Investment incomeLn 3$185K
Money outPt IX
$29.5M
Ln 25
Programscol B$22.1M
Managementcol C$8.7M
Fundraisingcol D$464K
Owns and owesPt X
$12.3M
net assets · Ln 32
Cash and savingsLn 1–2$7.5M
Total assetsLn 16$33.0M
LiabilitiesLn 26$20.7M
PeoplePt VI, VII
52
listed · VII A
PaidVII A20
Voting boardVI 1a20
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Government grantsLn 1e$1.4M
Fees for servicesLn 2g$23.7M
Investment incomeLn 3$185K
Other incomeLn 4–11$85K
Total revenueLn 12$26.8M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$7.5M
Total assetsLn 16$33.0M
LiabilitiesLn 26$20.7M
Net assetsLn 32$12.3M
OperationsPt I, VI
EmployeesI 5593
VolunteersI 617
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No

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 Viewing $26.8M$29.5M−$2.7M$12.3M 990 PDF
FY2020 $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 FY2021 990 (1 part)
Part VI · Governance 17 of 20 board members independent, 1 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members17
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

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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