Telluride Foundation
- Assets
- $17.7m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Telluride, CO
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 84-1530768
Organization Overview
Telluride Foundation is located in Telluride, CO. The organization was established in 2000. According to its NTEE Classification (N71) the organization is classified as: Olympics, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Telluride Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Telluride 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 Foundation generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $6.1m during the year ending 12/2021. While expenses have increased by 10.1% per year over the past 7 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 2014, Telluride Foundation has awarded 586 individual grants totaling $15,099,253. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TELLURIDE FOUNDATION IS COMMITTED TO ENRICHING THE QUALITY OF LIFE OF THE RESIDENTS, VISITORS AND WORKFORCE OF THE TELLURIDE REGION. THE FOUNDATION DOES THIS BY DEVELOPING AND SUPPORTING INITIATIVES AND MAKING DIRECT INVESTMENTS THAT MAXIMIZE BENEFIT TO ALL, NURTURE SELF-RELIANCE, AND CREATE MEANINGFUL CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ASSISTANCE PROGRAMS - COMMUNITY AND SPECIAL INITIATIVE GRANTS FUNDED BY UNRESTRICTED AND RESTRICTED GIFTS FROM GENEROUS DONORS, THE FOUNDATION HAS AWARDED OVER $70 MILLION SINCE ITS INCEPTION IN 2000 ANNUALLY THE COMMUNITY GRANTS PROGRAM AWARDS APPROXIMATELY $1 MILLION THROUGH A COMPETITIVE GRANTS PROGRAM TO ELIGIBLE 501(C)(3) NONPROFITS THAT SERVE THE PEOPLE OF SAN MIGUEL, OURAY, AND WESTERN MONTROSE COUNTIES. THE COMMUNITY GRANTS ARE DECIDED BY A VOLUNTEER BOARD MEMBER GRANTS COMMITTEE SPECIALS INITIATIVES GRANTS CAN BE AWARDED TWICE ANNUALLY THEY ARE BOARD OF DIRECTORS SPONSORED INITIATIVES FOR LARGE HIGHLY LEVERAGED COLLABORATIONS OR MULTI-YEAR PROJECTS AND ARE DECIDED BY THE BOARD OF DIRECTORS.
EDUCATION AND CONSULTING - THE FOUNDATION CONDUCTS WORKSHOPS AND TECHNICAL ASSISTANCE FOR NONPROFITS TO INCREASE THEIR CAPACITY, CAPABILITIES, EFFICIENCY AND EFFECTIVENESS. SINCE THE FOUNDATION'S INCEPTION, IT HAS PROVIDED OVER 550 HOURS OF FREE OR SUBSIDIZED WORKSHOPS AND TECHNICAL ASSISTANCE TO REGIONAL NONPROFITS. THE FOUNDATION WORKS DIRECTLY WITH DONORS AND PROSPECTS TO PROVIDE PROGRAMS ON PHILANTHROPY AND PROGRAM ISSUES AND CONDUCT RESEARCH INTO RELEVANT EMERGING ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Major President & CEO | Officer | 40 | $184,500 |
Bridgitt Evans Vice-Chair | OfficerTrustee | 1 | $0 |
Chris Pucillo Treasurer | OfficerTrustee | 1 | $0 |
Jesse Johnson Secretary | OfficerTrustee | 1 | $0 |
Tully Friedman Vice-Chair | OfficerTrustee | 1 | $0 |
Anne Slaughter Andrew Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $263,755 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,442,822 |
| Noncash contributions included in lines 1a–1f | $15,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,706,577 |
| Total Program Service Revenue | $279,301 |
| Investment income | $874,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,702 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,834,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,816,186 |
| Grants and other assistance to domestic individuals. | $511,804 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $184,500 |
| Compensation of current officers, directors, key employees. | $18,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $539,674 |
| Pension plan accruals and contributions | $20,183 |
| Other employee benefits | $180,869 |
| Payroll taxes | $51,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,613 |
| Fees for services: Accounting | $54,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $213,968 |
| Fees for services: Other | $819,146 |
| Advertising and promotion | $1,900 |
| Office expenses | $50,738 |
| Information technology | $186,278 |
| Royalties | $0 |
| Occupancy | $64,742 |
| Travel | $47,885 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,272 |
| Interest | $32,753 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,995 |
| Insurance | $9,383 |
| All other expenses | $0 |
| Total functional expenses | $6,116,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,663 |
| Savings and temporary cash investments | $3,364,984 |
| Pledges and grants receivable | $4,643,989 |
| Accounts receivable, net | $247,815 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,163,048 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,772 |
| Net Land, buildings, and equipment | $943,320 |
| Investments—publicly traded securities | $7,311,441 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,715,032 |
| Accounts payable and accrued expenses | $468,859 |
| Grants payable | $1,130,540 |
| Deferred revenue | $6,000 |
| 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 | $1,387,415 |
| Total liabilities | $2,992,814 |
| Net assets without donor restrictions | $8,795,869 |
| Net assets with donor restrictions | $5,926,349 |
| 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 | $17,715,032 |
Grants Awarded
Over the last fiscal year, Telluride Foundation has awarded $2,595,060 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
Telluride, CO PURPOSE: OPERATIONS | $983,869 |
Telluride, CO PURPOSE: OPERATIONS | $244,934 |
Telluride, CO PURPOSE: OPERATIONS | $181,750 |
TELLURIDE R1 SCHOOL DISTRICT PURPOSE: OPERATIONS | $72,137 |
Telluride, CO PURPOSE: OPERATIONS | $68,100 |
WEST END PUBLIC SCHOOLS PURPOSE: OPERATIONS | $65,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Telluride Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Hyde Foundation Telluride, CO PURPOSE: HELP PEOPLE IN NEED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Fencing Association Colorado Springs, CO | $3,808,524 | $11,566,627 |
Telluride Foundation Telluride, CO | $17,715,032 | $5,834,891 |
Usa Boxing Inc Colorado Springs, CO | $3,373,235 | $6,094,958 |
Usa Climbing Salt Lake City, UT | $1,081,889 | $3,858,260 |
Usa Cycling Development Foundation Colorado Springs, CO | $3,439,986 | $1,767,971 |
Naz Elite Inc Flagstaff, AZ | $22,418 | $813,294 |
Usa Hockey Inc Scottsdale, AZ | $564,111 | $348,237 |
Usa Track & Field Inc Scottsdale, AZ | $101,727 | $0 |
American Servicemembers Amateur Sports Inc Boulder, CO | $8,567 | $247,287 |
Global Sports Partners Inc Norman, OK | $212,858 | $142,229 |
Usa Track & Field Inc Colorado Springs, CO | $306,132 | $0 |
Womens Ski Jumping Usa Inc Park City, UT | $81,142 | $0 |