Telluride Association Inc
- Assets
- $73.5m
- Revenue
- $2.1m
- Investments
- $15.1m
- Employees
- 46
- Location
- Ithaca, NY
- Founding
- 06/1951
- Data as of
- 05/2024
- EIN
- 16-0870219
Organization Overview
Telluride Association Inc is located in Ithaca, NY. The organization was established in 1951. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 05/2024, Telluride Association Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Telluride Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2024, Telluride Association Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $3.4m during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE TELLURIDE ASSOCIATION IS TO CREATE FREE EDUCATIONAL PROGRAMS THAT CHALLENGE YOUNG PEOPLE TO BUILD COMMUNITY, LEARN TOGETHER, AND MAKE DEMOCRATIC DECISIONS IN ORDER TO THINK CRITICALLY ABOUT THE WORLD AND BEGIN TO CREATE A MORE JUST SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSES AT CORNELL AND MICHIGAN UNIVERSITIES - RESIDENCES FOR STUDENTS ENROLLED AS FULL-TIME STUDENTS AND 2-3 FACULTY MEMBERS.CORNELL - CURRENT HOUSEMEMBERS ARE BOTH UNDERGRADUATES AND GRADUATES ENROLLED AT CORNELL UNIVERSITY AND STUDY A FULL RANGE OF DISCIPLINES. MEMBERS OF CORNELL FACULTY ALSO LIVE AT THE HOUSE. THIS SETTING PROVIDES AN UNUSUALLY RICH AND INTENSE ACADEMIC EXPERIENCE. THE HOUSE ENCOURAGES THIS THROUGH FORMAL PROGRAMS SUCH AS A PUBLIC SPEAKING PROGRAM, SEMINARS LED BY MEMBERS OR GUEST PROFESSORS, AND FACULTY RECEPTIONS. MUCH OF THE HOUSE'S SPECIAL IMPACT OCCURS INFORMALLY IN DAILY LIFE. STUDENTS BENEFIT FROM EXPOSURE TO IDEAS FROM A WIDE RANGE OF DISCIPLINES, SHARE IN AN ATMOSPHERE OF RIGOROUS INTELLECTUAL EXCHANGE, AND DRAW ON EACH OTHER FOR ADVICE, SUPPORT, AND INSPIRATION.MICHIGAN - TELLURIDE HOUSE OFFERS FULL ROOM AND BOARD SCHOLARSHIPS TO TWENTY TO THIRTY UNIVERSITY OF MICHIGAN UNDERGRADUATE AND GRADUATE STUDENTS WITH A VARIETY OF ACADEMIC BACKGROUNDS, POLITICAL VIEWS, AND CULTURAL PERSPECTIVES. THESE STUDENTS FORM A VIBRANT COMMUNITY, SHARING LIVELY CONVERSATION, JOINT PROJECTS, AND THE DYNAMIC EXPERIENCE OF DEMOCRATIC LIFE. EACH YEAR, TELLURIDE STUDENTS PLAN AND IMPLEMENT A MAJOR PROJECT THAT IMPROVES PUBLIC LIFE IN THE ANN ARBOR AREA.
THE TELLURIDE ASSOCIATION SOPHOMORE SEMINAR (TASS) OFFERS BRIGHT, MOTIVATED HIGH SCHOOL SOPHOMORES CHALLENGING SIX-WEEK COLLEGE LEVEL COURSES IN BLACK STUDIES AND OTHER HUMANITIES TOPICS. WE WORK WITH UNIVERSITY FACULTY TO CREATE EXCITING COURSES DESIGNED TO INSPIRE YOUNG PEOPLE TO LEARN CRITICAL THINKING, COMMUNITY-BUILDING, AND SELF-GOVERNANCE. BECAUSE WE BELIEVE THAT ALL STUDENTS SHOULD HAVE THE OPPORTUNITY TO PURSUE THEIR IDEALS, WE COVER ALL PROGRAM COSTS, INCLUDING TUITION, ROOM & BOARD, FIELD TRIPS, AND FACILITIES FEES. STUDENTS WITH FINANCIAL NEED MAY APPLY FOR ADDITIONAL ASSISTANCE WITH TRAVEL COSTS AND A SUBSIDY TO REPLACE SUMMER EARNINGS.
TELLURIDE ASSOCIATION SPONSORS A VARIETY OF AWARDS FOR STUDENTS AT MANY STAGES OF THEIR ACADEMIC CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Whittler President And Director | OfficerTrustee | 1 | $0 |
Michael Thornton Vice-President And Director | OfficerTrustee | 1 | $0 |
Cory Myers Secretary And Director | OfficerTrustee | 1 | $0 |
Lisa Bao Director | Trustee | 1 | $0 |
Michael Becker Director | Trustee | 1 | $0 |
Puneet Brar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $331,138 |
| Noncash contributions included in lines 1a–1f | $210,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,138 |
| Total Program Service Revenue | $0 |
| Investment income | $1,258,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $508,411 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,100,042 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $343,928 |
| Compensation of current officers, directors, key employees. | $283,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $945,698 |
| Pension plan accruals and contributions | $58,236 |
| Other employee benefits | $121,425 |
| Payroll taxes | $114,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,685 |
| Fees for services: Accounting | $55,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $155,445 |
| Fees for services: Other | $37,026 |
| Advertising and promotion | $0 |
| Office expenses | $40,899 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $504,026 |
| Travel | $130,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,198 |
| Insurance | $54,409 |
| All other expenses | $68,819 |
| Total functional expenses | $3,405,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $608,420 |
| Savings and temporary cash investments | $2,909,846 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,502 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,137 |
| Net Land, buildings, and equipment | $1,968,811 |
| Investments—publicly traded securities | $52,790,182 |
| Investments—other securities | $15,148,198 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,502,096 |
| Accounts payable and accrued expenses | $49,133 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,776 |
| Total liabilities | $94,909 |
| Net assets without donor restrictions | $73,407,187 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $73,502,096 |