Myron Stratton Home
- Assets
- $260.9m
- Revenue
- $27.0m
- Investments
- $202.3m
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 03/1944
- Data as of
- 12/2023
- EIN
- 84-0404260
Organization Overview
Myron Stratton Home is located in Colorado Springs, CO. The organization was established in 1944. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myron Stratton Home 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 12/2023, Myron Stratton Home generated $27.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $8.1m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Myron Stratton Home has awarded 316 individual grants totaling $5,324,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT SERVICES: THE HOME PROVIDES RESIDENTIAL SERVICES TO 107 ELDERLY PERSONS WITH LIMITED INCOME.
STRATTON CONSORTIUM: THE HOME PROVIDES THE FREE USE OF FACILITIES FOR OTHER NONPROFIT ORGANIZATIONS WITH VARIOUS MISSIONS THAT PROVIDE SERVICES TO LOW INCOME RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel O'rear Executive Director | 40 | $223,960 | |
Michael Jorgensen Trustee | 1.5 | $12,000 | |
C David Mcdermott President | 3 | $24,000 | |
Thomas J Naughton Vice President | 1.5 | $12,000 | |
Meredith Vaughan Secretary | 1.5 | $12,000 | |
Stephen D Woodford Treasurer | 1.5 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kephart Architects | 12/30/23 | $480,330 |
Travelers Insurance | 12/30/23 | $263,647 |
Meritain Health | 12/30/23 | $252,948 |
Taylor Fence Llc | 12/30/23 | $190,720 |
J&s Construction | 12/30/23 | $203,565 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,690 |
| Interest on Savings | $716,105 |
| Dividends & Interest | $2,342,532 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,839,565 |
| Capital Gain Net Income | $8,838,052 |
| Net ST Capital Gain | $1,513 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,069,590 |
| Total Revenue | $26,982,482 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $295,960 |
| Other employee salaries and wages | $2,370,693 |
| Pension plans, employee benefits | $884,774 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,141,413 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $60,846 |
| Printing and publications | $0 |
| Other expenses | $2,172,299 |
| Total operating and administrative expenses | $7,353,393 |
| Contributions, gifts, grants paid | $759,500 |
| Total expenses and disbursements | $8,112,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,465 |
| Savings and temporary cash investments | $28,184,748 |
| Net Accounts receivable | $105,915 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $31,314 |
| Prepaid expenses and deferred charges | $182,011 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $108,165,420 |
| Net Land, buildings, and equipment | $26,981,323 |
| Other assets | $3,055,587 |
| Total assets | $260,860,217 |
| Accounts payable and accrued expenses | $616,450 |
| Grants payable | $22,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,051,306 |
| Total liabilities | $1,690,256 |
Grants Awarded
Over the last fiscal year, Myron Stratton Home has awarded $759,500 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE LEAGUE OF COLO SPGS PURPOSE: OPERATION SCHOOL BELL PROGRAM | $5,000 |
COLO SPGS THERAPEUTIC RIDING CENTER PURPOSE: FINANCIAL SUPPORT PROGRAM | $10,000 |
DISCOVER GOODWILL OF COLORADO PURPOSE: GOODWHEELS PROGRAM | $25,000 |
DREAM CENTERS OF COLORADO SPRINGS PURPOSE: AFFORDABLE HOUSING | $30,000 |
FRESH START CENTER PURPOSE: FOOD-RESCUE OPERATIONS | $10,000 |
FRIENDS OF THE CHILDREN COLO SPGS PURPOSE: TWO-GENERATION MENTORING | $20,000 |