Naropa University FY2022 filing

Tax-deductible

Boulder, CO501(c)(3)Since 1974EIN 84-1029228Revenue $27.5M in FY2022

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.
64¢ of each $1 spent went to programs.
$1.5M 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

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $1.4M a year · 4% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 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
$15.8M
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$27.5M
+3% vs prior year
Spent
$26.1M
To programs
64%
Net assets
$17.7M
By yearFY2020–FY2025
Revenue
$27.5M
FY2022▲ +3%
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
FY2025$38.8M
Expenses
$26.1M
FY2022▼ -12%
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
FY2025$38.1M
Net assets
$17.7M
FY2022▲ +44%
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
FY2025$15.0M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1987.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $16.7M Management & general 33% · $8.7M Fundraising 3% · $746K

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

26 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$300,000Pt VII · Sec A
VP of Operations CFO COO
$179,374Pt VII · Sec A
Provost and VP for Academic Affairs
$171,175Pt VII · Sec A
VP of Admissions
$169,125Pt VII · Sec A
$164,000Pt VII · Sec A
VP of McIc
$133,250Pt VII · Sec A
Director of Nccc
$130,000Pt VII · Sec A
Special Advisor to President
$122,500Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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Provided by the organization

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3 programs · $16.3M · in their own filed words · FY2021
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.

$14.2Mprogram expense
02

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

$1.5Mprogram expense
03

Alaya Preschool operates as a preschool and childcare 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.

$599Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$27.5M
Ln 12
Fees for servicesLn 2g$20.6M
Investment incomeLn 3$3.8M
Gifts and grantsLn 1h$3.1M
Money outPt IX
$26.1M
Ln 25
Programscol B$16.7M
Managementcol C$8.7M
Fundraisingcol D$746K
Owns and owesPt X
$17.7M
net assets · Ln 32
Cash and savingsLn 1–2$9.1M
Total assetsLn 16$33.5M
LiabilitiesLn 26$15.8M
PeoplePt VI, VII
26
listed · VII A
PaidVII A9
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.1M
Government grantsLn 1e$1.2M
Noncash giftsLn 1g$38K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$20.6M
Investment incomeLn 3$3.8M
Gains on assetsLn 7$4.2M
Total revenueLn 12$27.5M
Assets in detailPt X, end of year
CashLn 1$4.3M
SavingsLn 2$4.7M
Cash and savings togetherLn 1–2$9.1M
InvestmentsLn 11–13$4.9M
Land, buildings, equipmentLn 10c$14.4M
Other assetsLn 15$62K
Total assetsLn 16$33.5M
LiabilitiesLn 26$15.8M
Net assetsLn 32$17.7M
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 FY22End FY22
Cash and savingsLn 1–2$9.3M$9.1M
InvestmentsLn 11–13$4.7M$4.9M
Land, buildings, equipmentLn 10c$16.2M$14.4M
Total assetsLn 16$34.7M$33.5M
LiabilitiesLn 26$17.9M$15.8M
Net assetsLn 32$16.8M$17.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$1.2M$1.2M
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$1.5M$913K$515K$44K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$13.8M$8.6M$4.8M$415K
Pension plan contributionsLn 8$144K$89K$50K$4K
Other employee benefitsLn 9$1.3M$812K$458K$39K
Payroll taxesLn 10$1.1M$672K$379K$32K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$123K$77K$43K$4K
Accounting feesLn 11c$104K$65K$36K$3K
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$395K$245K$138K$12K
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$365K$227K$128K$11K
Office expensesLn 13$52K$32K$18K$2K
Information technologyLn 14$1.7M$1.1M$606K$52K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$2.4M$1.5M$856K$73K
TravelLn 17$505K$313K$177K$15K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$20K$12K$7K$596
InterestLn 20$173K$107K$61K$5K
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$519K$322K$182K$16K
InsuranceLn 23$274K$170K$96K$8K
Other expenses (24a–d)Ln 24$107K$66K$37K$3K
All other expensesLn 24e$214K$133K$75K$6K
Total functional expensesLn 25$26.1M$16.7M$8.7M$746K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $38.8M$38.1M$757K$15.0M 990 PDF
FY2024 $36.9M$37.5M−$566K$14.0M 990 PDF
FY2023 $31.9M$37.0M−$5.2M$14.5M 990 PDF
FY2022 Viewing $27.5M$26.1M$1.5M$17.7M 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $27,548,349 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,930,147$3,110,759
I-9 Program service revenuePrior year $23,633,233$20,636,858
I-10 Investment incomePrior year $1,452,131$3,800,732
I-11 Other revenuePrior year $85,144$0
I-12 Total revenuePrior year $31,100,655$27,548,349
I-13 Grants and similar amounts paidPrior year $6,071,727$1,237,336
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,396,103$17,833,789
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,876,323$7,027,170
I-18 Total expensesPrior year $29,344,153$26,098,295
I-19 Revenue less expensesPrior year $1,756,502$1,450,054
Part VI · Governance 16 of 17 board members independent, 1 to look at
VI-1a Voting members of the governing body17
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 $27,548,349 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$1,237,337
VIII-1f All other contributions, gifts and grants$1,873,422
VIII-1g Noncash contributions (included above)$37,606
VIII-1h Total contributions, gifts and grants$3,110,759
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,609,183 · Unrelated business $0 · Excluded from tax $0$20,636,858
VIII-3 Investment incomeRelated to mission $201,630 · Unrelated business $0 · Excluded from tax −$589,898−$388,268
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,189,441$4,189,000
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $20,810,813 · Unrelated business $0 · Excluded from tax $3,599,543$27,548,349
Part IX · Statement of functional expenses $26,098,295 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $1,237,336$1,237,336
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $912,593 · Management $515,173 · Fundraising $44,158$1,471,924
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $8,571,267 · Management $4,838,618 · Fundraising $414,739$13,824,624
IX-8 Pension plan contributionsPrograms $89,404 · Management $50,470 · Fundraising $4,326$144,200
IX-9 Other employee benefitsPrograms $812,076 · Management $458,430 · Fundraising $39,294$1,309,800
IX-10 Payroll taxesPrograms $671,610 · Management $379,134 · Fundraising $32,497$1,083,241
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $76,532 · Management $43,204 · Fundraising $3,703$123,439
IX-11c Accounting feesPrograms $64,558 · Management $36,444 · Fundraising $3,124$104,125
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $244,880 · Management $138,238 · Fundraising $11,849$394,967
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $226,565 · Management $127,899 · Fundraising $10,963$365,427
IX-13 Office expensesPrograms $32,074 · Management $18,106 · Fundraising $1,552$51,732
IX-14 Information technologyPrograms $1,073,218 · Management $605,849 · Fundraising $51,930$1,730,997
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $1,516,249 · Management $855,947 · Fundraising $73,367$2,445,563
IX-17 TravelPrograms $313,074 · Management $176,735 · Fundraising $15,149$504,958
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $12,326 · Management $6,958 · Fundraising $596$19,880
IX-20 InterestPrograms $107,230 · Management $60,533 · Fundraising $5,189$172,952
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $321,687 · Management $181,598 · Fundraising $15,565$518,850
IX-23 InsurancePrograms $169,611 · Management $95,748 · Fundraising $8,207$273,566
IX-24 Other expenses (24a–d)Programs $66,228 · Management $37,387 · Fundraising $3,204$106,819
IX-24e All other expensesPrograms $132,615 · Management $74,863 · Fundraising $6,417$213,895
IX-25 Total functional expensesPrograms $16,651,133 · Management $8,701,334 · Fundraising $745,829$26,098,295
Part X · Balance sheet $33,451,644 assets, 24 lines filed
Asset lines not itemized here account for $195,135; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $403,823$4,328,483
X-2 Savings and temporary cash investmentsStart of year $8,919,347$4,732,272
X-3 Pledges and grants receivableStart of year $73,261$2,981,556
X-4 Accounts receivableStart of year $3,738,156$1,269,091
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $517,673$543,818
X-10c Land, buildings and equipment, netStart of year $16,170,478$14,422,972
X-11 Publicly traded securitiesStart of year $4,707,093$4,908,541
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $7,858$7,858
X-15 Other assetsStart of year $61,918$61,918
X-16 Total assetsStart of year $34,704,482$33,451,644
X-17 Accounts payable and accrued expensesStart of year $1,498,917$1,298,745
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $5,322,772$5,695,170
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $10,019,686$8,780,632
X-26 Total liabilitiesStart of year $17,887,541$15,774,547
X-27 Net assets without donor restrictionsStart of year $12,271,999$13,520,863
X-28 Net assets with donor restrictionsStart of year $4,544,942$4,156,234
X-32 Total net assets or fund balancesStart of year $16,816,941$17,677,097
X-33 Total liabilities and net assetsStart of year $34,704,482$33,451,644
Part XI · Reconciliation of net assets $17,677,097 net assets at year end
XI-1 Total revenue$27,548,349
XI-2 Total expenses$26,098,295
XI-3 Revenue less expenses$1,450,054
XI-4 Net assets at start of year$16,816,941
XI-5 Net unrealized gains (losses) on investments−$589,898
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,677,097

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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