Naropa University FY2024 filing

Tax-deductible

Boulder, CO501(c)(3)Since 1974EIN 84-1029228Revenue $36.9M in FY2024

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.
78¢ 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

FY2024 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 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
$19.2M
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
20
of 21 voting members
Looks good: 20 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$36.9M
+16% vs prior year
Spent
$37.5M
To programs
78%
Net assets
$14.0M
By yearFY2020–FY2025
Revenue
$36.9M
FY2024▲ +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
FY2025$38.8M
Expenses
$37.5M
FY2024▲ +1%
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
$14.0M
FY2024▼ -4%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

78 cents of each dollar spent went to programs.

Program services 78% · $29.2M Management & general 21% · $7.7M Fundraising 1% · $547K

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

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

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$427,327Pt VII · Sec A
Ment,marketing & Student Success
$191,969Pt VII · Sec A
Dean of Gscp
$165,369Pt VII · Sec A
& VP for Academic Affairs
$161,150Pt VII · Sec A
Director of Psychedelic Studies
$137,348Pt VII · Sec A
Associate Dean of Gscp
$133,122Pt VII · Sec A
Culture & Inclusive Community
$129,023Pt VII · Sec A
Budget & Financial Affairs
$118,898Pt 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 · $28.7M · in their own filed words · FY2023
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.

$26.3Mprogram 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.

$719Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$36.9M
Ln 12
Fees for servicesLn 2g$31.1M
Gifts and grantsLn 1h$4.3M
Investment incomeLn 3$1.6M
Money outPt IX
$37.5M
Ln 25
Programscol B$29.2M
Managementcol C$7.7M
Fundraisingcol D$547K
Owns and owesPt X
$14.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$33.1M
LiabilitiesLn 26$19.2M
PeoplePt VI, VII
29
listed · VII A
PaidVII A10
Voting boardVI 1a21
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.3M
Government grantsLn 1e$754K
Noncash giftsLn 1g$207K
Fees for servicesLn 2g$31.1M
Investment incomeLn 3$1.6M
Gains on assetsLn 7$1.5M
Total revenueLn 12$36.9M
Assets in detailPt X, end of year
CashLn 1$379K
SavingsLn 2$2.9M
Cash and savings togetherLn 1–2$3.3M
InvestmentsLn 11–13$4.7M
Land, buildings, equipmentLn 10c$13.9M
Other assetsLn 15$8.7M
Total assetsLn 16$33.1M
LiabilitiesLn 26$19.2M
Net assetsLn 32$14.0M
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 FY24End FY24
Cash and savingsLn 1–2$3.1M$3.3M
InvestmentsLn 11–13$4.6M$4.7M
Land, buildings, equipmentLn 10c$14.2M$13.9M
Total assetsLn 16$35.2M$33.1M
LiabilitiesLn 26$20.7M$19.2M
Net assetsLn 32$14.5M$14.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$7.0M$7.0M
Pay of current officers, directors and key staffLn 5$986K$349K$566K$71K
Other salaries and wagesLn 7$15.3M$12.1M$3.0M$192K
Pension plan contributionsLn 8$196K$156K$39K$605
Other employee benefitsLn 9$1.5M$1.2M$238K$15K
Payroll taxesLn 10$1.2M$986K$220K$19K
Management feesLn 11a$387K$387K
Legal feesLn 11b$42K$42K
Accounting feesLn 11c$178K$178K
Investment management feesLn 11f$52K$52K
Other fees for servicesLn 11g$1.9M$1.1M$717K$72K
Advertising and promotionLn 12$362K$139K$162K$61K
Office expensesLn 13$749K$452K$248K$49K
Information technologyLn 14$2.1M$1.7M$393K$36K
OccupancyLn 16$2.7M$2.1M$676K
TravelLn 17$570K$556K$7K$7K
InterestLn 20$855K$680K$161K$15K
Depreciation, depletion and amortizationLn 22$559K$444K$105K$10K
InsuranceLn 23$312K$340$311K
Other expenses (24a–d)Ln 24$543K$266K$277K
Total functional expensesLn 25$37.5M$29.2M$7.7M$547K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $38.8M$38.1M$757K$15.0M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $36,919,464 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,716,073$4,272,992
I-9 Program service revenuePrior year $29,114,426$31,056,486
I-10 Investment incomePrior year $25,729$1,589,986
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $31,856,228$36,919,464
I-13 Grants and similar amounts paidPrior year $7,103,557$6,998,285
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $18,675,290$19,205,275
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,237,667$11,281,878
I-18 Total expensesPrior year $37,016,514$37,485,438
I-19 Revenue less expensesPrior year −$5,160,286−$565,974
Part VI · Governance 20 of 21 board members independent, 1 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members20
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 $36,919,464 across 8 lines filed
Lines not itemized here account for $434,563 of total revenue; see the IRS return.
VIII-1e Government grants$753,580
VIII-1f All other contributions, gifts and grants$3,519,412
VIII-1g Noncash contributions (included above)$207,235
VIII-1h Total contributions, gifts and grants$4,272,992
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $30,621,923$30,621,923
VIII-3 Investment incomeUnrelated business $441 · Excluded from tax $74,635$75,076
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,514,910$1,514,910
VIII-12 Total revenueRelated to mission $31,056,486 · Unrelated business $441 · Excluded from tax $1,589,545$36,919,464
Part IX · Statement of functional expenses $37,485,438 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $6,998,285$6,998,285
IX-5 Pay of current officers, directors and key staffPrograms $348,829 · Management $565,986 · Fundraising $71,196$986,011
IX-7 Other salaries and wagesPrograms $12,149,572 · Management $2,958,909 · Fundraising $192,265$15,300,746
IX-8 Pension plan contributionsPrograms $155,963 · Management $39,060 · Fundraising $605$195,628
IX-9 Other employee benefitsPrograms $1,246,204 · Management $237,608 · Fundraising $14,694$1,498,506
IX-10 Payroll taxesPrograms $985,723 · Management $219,614 · Fundraising $19,047$1,224,384
IX-11a Management feesManagement $387,091$387,091
IX-11b Legal feesManagement $41,897$41,897
IX-11c Accounting feesManagement $177,602$177,602
IX-11f Investment management feesManagement $52,394$52,394
IX-11g Other fees for servicesPrograms $1,064,381 · Management $717,236 · Fundraising $72,161$1,853,778
IX-12 Advertising and promotionPrograms $139,081 · Management $161,727 · Fundraising $61,210$362,018
IX-13 Office expensesPrograms $452,343 · Management $248,306 · Fundraising $48,738$749,387
IX-14 Information technologyPrograms $1,656,058 · Management $393,059 · Fundraising $35,543$2,084,660
IX-16 OccupancyPrograms $2,056,972 · Management $676,162$2,733,134
IX-17 TravelPrograms $556,426 · Management $6,947 · Fundraising $6,996$570,369
IX-20 InterestPrograms $679,509 · Management $161,279 · Fundraising $14,640$855,428
IX-22 Depreciation, depletion and amortizationPrograms $444,068 · Management $105,398 · Fundraising $9,567$559,033
IX-23 InsurancePrograms $340 · Management $311,256$311,596
IX-24 Other expenses (24a–d)Programs $266,439 · Management $277,052$543,491
IX-25 Total functional expensesPrograms $29,200,193 · Management $7,738,583 · Fundraising $546,662$37,485,438
Part X · Balance sheet $33,135,784 assets, 18 lines filed
Asset lines not itemized here account for $128,209; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $327,502$378,817
X-2 Savings and temporary cash investmentsStart of year $2,749,157$2,906,919
X-3 Pledges and grants receivableStart of year $350,847$1,085,272
X-4 Accounts receivableStart of year $1,351,628$924,304
X-9 Prepaid expenses and deferred chargesStart of year $223,838$437,528
X-10c Land, buildings and equipment, netStart of year $14,168,828$13,898,902
X-11 Publicly traded securitiesStart of year $4,590,608$4,686,183
X-15 Other assetsStart of year $11,326,476$8,689,650
X-16 Total assetsStart of year $35,216,612$33,135,784
X-17 Accounts payable and accrued expensesStart of year $2,477,594$2,193,602
X-19 Deferred revenueStart of year $2,209,005$2,265,983
X-20 Tax-exempt bond liabilitiesStart of year $4,772,506$4,076,557
X-25 Other liabilitiesStart of year $8,714,103$7,670,630
X-26 Total liabilitiesStart of year $20,673,208$19,150,147
X-27 Net assets without donor restrictionsStart of year $10,310,846$8,744,596
X-28 Net assets with donor restrictionsStart of year $4,232,558$5,241,041
X-32 Total net assets or fund balancesStart of year $14,543,404$13,985,637
X-33 Total liabilities and net assetsStart of year $35,216,612$33,135,784
Part XI · Reconciliation of net assets $13,985,637 net assets at year end
XI-1 Total revenue$36,919,464
XI-2 Total expenses$37,485,438
XI-3 Revenue less expenses−$565,974
XI-4 Net assets at start of year$14,543,404
XI-5 Net unrealized gains (losses) on investments$282,275
XI-9 Other changes in net assets−$274,068
XI-10 Net assets at end of year$13,985,637

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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