Naropa University FY2023 filing

Tax-deductible

Boulder, CO501(c)(3)Since 1974EIN 84-1029228Revenue $31.9M in FY2023

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.
76¢ of each $1 spent went to programs.
$1.3M 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

FY2023 · 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 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
$20.7M
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
21
of 22 voting members
Looks good: 21 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$31.9M
+16% vs prior year
Spent
$37.0M
To programs
76%
Net assets
$14.5M
By yearFY2020–FY2024
Revenue
$31.9M
FY2023▲ +16%
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
$37.0M
FY2023▲ +42%
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
$14.5M
FY2023▼ -18%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

76 cents of each dollar spent went to programs.

Program services 76% · $28.1M Management & general 23% · $8.5M Fundraising 1% · $362K

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

31 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$385,061Pt VII · Sec A
/COO & CFO (until Oct 2022)
$193,466Pt VII · Sec A
Ment,marketing & Student Success
$169,650Pt VII · Sec A
Dean of Gscp
$156,728Pt VII · Sec A
& VP for Academic Affairs
$144,527Pt VII · Sec A
Culture & Inclusive Community
$118,217Pt VII · Sec A
Special Advisor to President
$100,035Pt VII · Sec A
$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.

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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 · $27.6M · in their own filed words · FY2022
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.

$25.4Mprogram 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. Served approximately 75 students.

$1.7Mprogram expense
03

Alaya Preschool operates as a preschool and childcare facility service 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.

$609Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$31.9M
Ln 12
Fees for servicesLn 2g$29.1M
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$26K
Money outPt IX
$37.0M
Ln 25
Programscol B$28.1M
Managementcol C$8.5M
Fundraisingcol D$362K
Owns and owesPt X
$14.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$35.2M
LiabilitiesLn 26$20.7M
PeoplePt VI, VII
31
listed · VII A
PaidVII A7
Voting boardVI 1a22
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$694K
Noncash giftsLn 1g$298K
Fees for servicesLn 2g$29.1M
Investment incomeLn 3$26K
Total revenueLn 12$31.9M
Assets in detailPt X, end of year
CashLn 1$328K
SavingsLn 2$2.7M
Cash and savings togetherLn 1–2$3.1M
InvestmentsLn 11–13$4.6M
Land, buildings, equipmentLn 10c$14.2M
Other assetsLn 15$11.3M
Total assetsLn 16$35.2M
LiabilitiesLn 26$20.7M
Net assetsLn 32$14.5M
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 FY23End FY23
Cash and savingsLn 1–2$9.1M$3.1M
InvestmentsLn 11–13$4.9M$4.6M
Land, buildings, equipmentLn 10c$14.4M$14.2M
Total assetsLn 16$33.5M$35.2M
LiabilitiesLn 26$15.8M$20.7M
Net assetsLn 32$17.7M$14.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$7.1M$7.1M
Pay of current officers, directors and key staffLn 5$1.1M$246K$750K$62K
Other salaries and wagesLn 7$14.6M$11.3M$3.1M$100K
Pension plan contributionsLn 8$180K$142K$38K
Other employee benefitsLn 9$1.8M$1.2M$504K$16K
Payroll taxesLn 10$1.1M$781K$315K$11K
Management feesLn 11a$48K$48K
Legal feesLn 11b$117K$117K
Accounting feesLn 11c$266K$266K
Investment management feesLn 11f$63K$63K
Other fees for servicesLn 11g$1.9M$790K$1.1M$64K
Advertising and promotionLn 12$553K$118K$418K$17K
Office expensesLn 13$490K$346K$131K$14K
Information technologyLn 14$2.4M$1.9M$435K$39K
OccupancyLn 16$2.6M$2.0M$638K$9K
TravelLn 17$915K$890K$16K$9K
InterestLn 20$563K$451K$102K$9K
Depreciation, depletion and amortizationLn 22$484K$388K$88K$8K
InsuranceLn 23$274K$340$274K
Other expenses (24a–d)Ln 24$520K$418K$98K$4K
Total functional expensesLn 25$37.0M$28.1M$8.5M$362K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $36.9M$37.5M−$566K$14.0M 990 PDF
FY2023 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $31,856,228 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,110,759$2,716,073
I-9 Program service revenuePrior year $20,636,858$29,114,426
I-10 Investment incomePrior year $3,800,732$25,729
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $27,548,349$31,856,228
I-13 Grants and similar amounts paidPrior year $1,237,336$7,103,557
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $17,833,789$18,675,290
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,027,170$11,237,667
I-18 Total expensesPrior year $26,098,295$37,016,514
I-19 Revenue less expensesPrior year $1,450,054−$5,160,286
Part VI · Governance 21 of 22 board members independent, 1 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members21
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 $31,856,228 across 7 lines filed
Lines not itemized here account for $195,444 of total revenue; see the IRS return.
VIII-1e Government grants$694,037
VIII-1f All other contributions, gifts and grants$2,022,036
VIII-1g Noncash contributions (included above)$298,153
VIII-1h Total contributions, gifts and grants$2,716,073
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,918,982$28,918,982
VIII-3 Investment incomeUnrelated business $1,358 · Excluded from tax $24,371$25,729
VIII-12 Total revenueRelated to mission $29,114,426 · Unrelated business $1,358 · Excluded from tax $24,371$31,856,228
Part IX · Statement of functional expenses $37,016,514 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $7,103,557$7,103,557
IX-5 Pay of current officers, directors and key staffPrograms $246,210 · Management $749,796 · Fundraising $62,352$1,058,358
IX-7 Other salaries and wagesPrograms $11,321,627 · Management $3,142,045 · Fundraising $99,958$14,563,630
IX-8 Pension plan contributionsPrograms $141,958 · Management $38,149$180,107
IX-9 Other employee benefitsPrograms $1,247,247 · Management $503,702 · Fundraising $15,528$1,766,477
IX-10 Payroll taxesPrograms $780,933 · Management $315,264 · Fundraising $10,521$1,106,718
IX-11a Management feesManagement $47,726$47,726
IX-11b Legal feesManagement $117,415$117,415
IX-11c Accounting feesManagement $265,546$265,546
IX-11f Investment management feesManagement $63,358$63,358
IX-11g Other fees for servicesPrograms $789,550 · Management $1,084,328 · Fundraising $64,302$1,938,180
IX-12 Advertising and promotionPrograms $118,334 · Management $417,998 · Fundraising $17,025$553,357
IX-13 Office expensesPrograms $345,735 · Management $130,578 · Fundraising $13,733$490,046
IX-14 Information technologyPrograms $1,915,057 · Management $434,817 · Fundraising $39,470$2,389,344
IX-16 OccupancyPrograms $1,970,742 · Management $637,986 · Fundraising $8,980$2,617,708
IX-17 TravelPrograms $889,768 · Management $16,229 · Fundraising $8,634$914,631
IX-20 InterestPrograms $450,885 · Management $102,374 · Fundraising $9,293$562,552
IX-22 Depreciation, depletion and amortizationPrograms $387,642 · Management $88,015 · Fundraising $7,989$483,646
IX-23 InsurancePrograms $340 · Management $273,736$274,076
IX-24 Other expenses (24a–d)Programs $418,430 · Management $97,604 · Fundraising $4,048$520,082
IX-25 Total functional expensesPrograms $28,128,015 · Management $8,526,666 · Fundraising $361,833$37,016,514
Part X · Balance sheet $35,216,612 assets, 18 lines filed
Asset lines not itemized here account for $127,728; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $4,328,483$327,502
X-2 Savings and temporary cash investmentsStart of year $4,732,272$2,749,157
X-3 Pledges and grants receivableStart of year $2,981,556$350,847
X-4 Accounts receivableStart of year $1,269,091$1,351,628
X-9 Prepaid expenses and deferred chargesStart of year $543,818$223,838
X-10c Land, buildings and equipment, netStart of year $14,422,972$14,168,828
X-11 Publicly traded securitiesStart of year $4,908,541$4,590,608
X-15 Other assetsStart of year $61,918$11,326,476
X-16 Total assetsStart of year $33,451,644$35,216,612
X-17 Accounts payable and accrued expensesStart of year $1,298,745$2,477,594
X-19 Deferred revenue$2,209,005
X-20 Tax-exempt bond liabilitiesStart of year $5,695,170$4,772,506
X-25 Other liabilitiesStart of year $8,780,632$8,714,103
X-26 Total liabilitiesStart of year $15,774,547$20,673,208
X-27 Net assets without donor restrictionsStart of year $13,520,863$10,310,846
X-28 Net assets with donor restrictionsStart of year $4,156,234$4,232,558
X-32 Total net assets or fund balancesStart of year $17,677,097$14,543,404
X-33 Total liabilities and net assetsStart of year $33,451,644$35,216,612
Part XI · Reconciliation of net assets $14,543,404 net assets at year end
XI-1 Total revenue$31,856,228
XI-2 Total expenses$37,016,514
XI-3 Revenue less expenses−$5,160,286
XI-4 Net assets at start of year$17,677,097
XI-5 Net unrealized gains (losses) on investments$417,759
XI-8 Prior period adjustments−$2,867,268
XI-9 Other changes in net assets$4,476,102
XI-10 Net assets at end of year$14,543,404

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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