Telluride Mountain Village Owners Association
- Assets
- $63.9m
- Revenue
- $15.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Mountain Village, CO
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 84-0955189
Organization Overview
Telluride Mountain Village Owners Association is located in Mountain Village, CO. The organization was established in 1995. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Telluride Mountain Village Owners Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Telluride Mountain Village Owners Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Telluride Mountain Village Owners Association generated $15.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $8.1m during the year ending 12/2022. While expenses have increased by 5.0% per year over the past 8 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, Telluride Mountain Village Owners Association has awarded 69 individual grants totaling $1,794,369. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND PROMOTE A VITAL RESORT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TMVOA IS CONTRACTUALLY OBLIGATED TO FUND THE OPERATIONS AND MAINTENANCE COSTS OF THE FREE PUBLIC GONDOLA SERVICE BETWEEN THE TOWN OF MOUNTAIN VILLAGE AND THE TOWN OF TELLURIDE AND THE REMOTE PARKING LOT IN THE TOWN OF MOUNTAIN VILLAGE TO THE TOWN OF MOUNTAIN VILLAGE CENTER. ADDITIONALLY, TMVOA IS CONTRACTUALLY OBLIGATED TO FUND ONE-HALF OF THE OPERATIONS AND MAINTENANCE COSTS OF THE FREE PUBLIC CHONDOLA SERVICE BETWEEN THE MEADOWS AND THE TOWN OF MOUNTAIN VILLAGE CENTER. THE PRIMARY PURPOSES OF THE GONDOLA AND CHONDOLA ARE TO PROVIDE FREE PUBLIC TRANSPORTATION LINKS BETWEEN THE TWO TOWNS AND COMMUNITY POPULATION CENTERS.
TMVOA PROVIDES GRANTS AND FUNDING TO PROMOTE THE HEALTH, SAFETY AND WELFARE OF ALL MEMBERS OF TMVOA; TO ESTABLISH, PROVIDE AND MAINTAIN A DESIRABLE COMMUNITY AND ENVIRONMENT FOR ALL OWNERS, LESSEES AND GUESTS; AND TO PROTECT AND PRESERVE THE PROPERTY, PROPERTY VALUES AND PROPERTY RIGHTS IN THE TELLURIDE MOUNTAIN VILLAGE COMMON INTEREST COMMUNITY, AND HOLDS AND MANAGES CERTAIN PROPERTY FOR THE COMMON BENEFIT OF THE OWNERS, LESSEES AND GUESTS WITHIN TELLURIDE MOUNTAIN VILLAGE, TO FOSTER AND PRESERVE THE HEALTH, SAFETY, AND WELFARE OF PERSONS IN TELLURIDE MOUNTAIN VILLAGE, AND PRESERVE PROPERTY, PROPERTY RIGHTS, AND PROPERTY VALUES AND MAINTAIN THE TELLURIDE MOUNTAIN VILLAGE AS A PLEASANT AND DESIRABLE ENVIRONMENT FOR ALL PERSONS RESIDING, VISITING, OR DOING BUSINESS THEREIN (ALL OTHERS NOT INCLUDED IN 1-3 ABOVE).
TMVOA FUNDS A TRANSPORTATION PROGRAM THAT IS INTENDED TO REDUCE CONGESTION, TRAFFIC, PARKING AND AIR POLLUTION IMPACTS WITHIN THE COMMUNITY.
TMVOA FUNDS PROGRAMS INTENDED TO GENERATE ECONOMIC ACTIVITY, VITALITY AND SUSTAINABILITY WITHIN THE TELLURIDE MOUNTAIN VILLAGE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Horning Chairman | OfficerTrustee | 3 | $0 |
Jim Royer Vice Chairman | OfficerTrustee | 3 | $0 |
Jeff Proteau Director | Trustee | 3 | $0 |
Tim Kunda Director | Trustee | 3 | $0 |
John Volponi Director | Trustee | 3 | $0 |
Abbott Smith Thru May 2022 Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Telluride Ski And Golf Llc Public Transportation | 12/30/22 | $843,212 |
Stephanie L Fanos Pc Legal Services | 12/30/22 | $165,194 |
Catapult Consulting Llc Accounting Services | 12/30/22 | $155,084 |
Gbsm Inc Consultant - Gondola | 12/30/22 | $104,503 |
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 | $12,500 |
| Noncash contributions included in lines 1a–1f | $12,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,500 |
| Total Program Service Revenue | $15,113,853 |
| Investment income | $665,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,990 |
| Net Gain/Loss on Asset Sales | -$287,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,557,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $286,305 |
| 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. | $370,594 |
| Compensation of current officers, directors, key employees. | $148,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,139 |
| Pension plan accruals and contributions | $13,362 |
| Other employee benefits | $132,004 |
| Payroll taxes | $27,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $270,032 |
| Fees for services: Accounting | $65,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,834 |
| Fees for services: Other | $149,818 |
| Advertising and promotion | $41,061 |
| Office expenses | $77,900 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $545,212 |
| Insurance | $92,268 |
| All other expenses | $29,247 |
| Total functional expenses | $8,144,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,207 |
| Savings and temporary cash investments | $14,905,675 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $375,716 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,693 |
| Prepaid expenses and deferred charges | $62,723 |
| Net Land, buildings, and equipment | $7,686,266 |
| Investments—publicly traded securities | $29,640,840 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,940,339 |
| Total assets | $63,866,459 |
| Accounts payable and accrued expenses | $2,059,055 |
| 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 | $421,495 |
| Total liabilities | $2,480,550 |
| Net assets without donor restrictions | $61,385,909 |
| 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 | $63,866,459 |
Grants Awarded
Over the last fiscal year, Telluride Mountain Village Owners Association has awarded $278,805 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNTAINFILM LTD PURPOSE: SPONSORSHIP FOR COMMUNITY EVENTS | $30,100 |
ONE TO ONE MENTORING PURPOSE: SPONSORSHIP FOR COMMUNITY EVENTS | $10,000 |
TELLURIDE ADAPTIVE SPORTS PROGRAM PURPOSE: SPONSORSHIP FOR COMMUNITY EVENTS | $8,000 |
TELLURIDE AIDS BENEFIT PURPOSE: SPONSORSHIP FOR COMMUNITY EVENTS | $15,000 |
TELLURIDE AMERICANA MUSIC FESTIVAL (JHL CONSULTING GROUP INC) PURPOSE: SPONSORSHIP FOR COMMUNITY EVENTS | $5,300 |
TELLURIDE ARTS & ARCHITECTURE PURPOSE: SPONSORSHIP FOR COMMUNITY EVENTS | $20,000 |