Telluride Medical Center Foundation
- Assets
- $1.8m
- Revenue
- $433.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Telluride, CO
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-3556757
Organization Overview
Telluride Medical Center Foundation is located in Telluride, CO. The organization was established in 2009. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Telluride Medical Center Foundation 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 12/2021, Telluride Medical Center Foundation generated $433.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $797.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SECURE THE FINANCIAL RESOURCES REQUIRED TO SUPPORT THE TELLURIDE MEDICAL CENTER MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A FULLY SUPPORTING ENTITY, THE FOUNDATION IN 2021 SPENT $600,910 SECURING MONIES INCLUDING A DIRECT CONTRIBUTION TO THE TELLURIDE MEDICAL CENTER OF $497,850 FOR THE PURCHASE OF MEDICAL EQUIPMENT AND $1,905 FOR PREVENTATIVE CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Wadley Executive Director | Officer | 40 | $116,175 |
Mike Hess President | OfficerTrustee | 1 | $0 |
Dr Diana Koelliker Treasurer | OfficerTrustee | 1 | $0 |
Jane Shivers Secretary | OfficerTrustee | 1 | $0 |
Clifford Hansen Board Member | Trustee | 1 | $0 |
Lynne Beck Thd Liaison | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,185 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,345 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $429,530 |
| Total Program Service Revenue | $0 |
| Investment income | $4,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $433,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $499,755 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $139,987 |
| Compensation of current officers, directors, key employees. | $27,997 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,306 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,585 |
| Advertising and promotion | $3,371 |
| Office expenses | $21,845 |
| Information technology | $3,765 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,137 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,937 |
| All other expenses | $15,200 |
| Total functional expenses | $797,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,647 |
| Savings and temporary cash investments | $1,675,684 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,172 |
| Prepaid expenses and deferred charges | $6,746 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,680 |
| Total assets | $1,803,929 |
| Accounts payable and accrued expenses | $0 |
| 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 | $115,897 |
| Total liabilities | $115,897 |
| Net assets without donor restrictions | $953,676 |
| Net assets with donor restrictions | $734,356 |
| 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 | $1,803,929 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Telluride Medical Center Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Clarence J Venne Foundation Richboro, PA PURPOSE: UNRESTRICTED | $10,000 |
Apmpff Inc Chicago, IL PURPOSE: GENERAL SUPPORT | $10,000 |