The Telios Charitable Trust
- Assets
- $17.4k
- Revenue
- $520.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 08/2009
- Data as of
- 12/2019
- EIN
- 26-6070307
Organization Overview
The Telios Charitable Trust is located in Colorado Springs, CO. The organization was established in 2009. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Telios Charitable Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE TELIOS CHARITABLE TRUST HAS BEEN ESTABLISHED TO PROVIDE MANAGEMENT SUPPORT FOR GIFTS OF REAL PROPERTY AND BUSINESS INTERESTS THAT DONORS WANT TO CONTRIBUTE TO THE NEW HORIZONS FOUNDATION. THE TELIOS CHARITABLE TRUST WILL BE A SUPPORTING ORGANIZATION TO THE NEW HORIZONS FOUNDATION, INC. A PUBLIC CHARITY LOCATED IN COLORADO SPRINGS, COLORADO AND SERVE THE FOUNDATION BY RECEIVING GIFTS OF REAL PROPERTY OR BUSINESS INTERESTS AND MANAGING THESE ASSETS UNTIL THEY CAN BE SOLD AND THE PROCEEDS DISTRIBUTED TO THE FOUNDATION. THE TRUST'S ONLY PURPOSE IS TO MANAGE THESE TYPES OF ASSETS UNTIL THEY CAN BE SOLD. THE NEW HORIZONS FOUNDATION BOARD OF TRUSTEES FEELS THAT IT IS BEST TO KEEP THESE ASSETS SEPARATE FROM OTHER FOUNDATION ASSETS UNTIL THEY CAN BE SOLD IN CASE ANY LIABILITY ARISES WITH THE PROPERTY RECEIVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DONATED RAW LAND LOCATED IN GILBERT, ARIZONA IN A PRIOR YEAR WAS THE PRIMARY ASSET OF THE TRUST.THE TELIOS CHARITABLE TRUST SOLD THE TRACT OF LAND DURING 2019 AND DISTRIBUTED THE NET PROCEEDS FROM THE CLOSING ON THE PROPERTY IN THE AMOUNT OF $4,443,560. THE NET PROCEEDS WAS DISTRIBUTED TO THE NEW HORIZONS FOUNDATION SERVING THE PURPOSE OF THE TRUST'S MISSION.THE ONLY OTHER ACTIVITY IN THE TRUST WAS THE PAYMENT OF PROPERTY TAXES IN THE AMOUNT OF $2637.
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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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $520,477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $520,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,443,560 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,446,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,399 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,399 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $17,399 |
| Total liabilities and net assets/fund balances | $17,399 |