Telluride Association INC

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To prepare and inspire promising students to lead and serve through free, transformative educational experiences rooted in critical thinking and democratic community.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 99 volunteers and 55 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $790K a year · 21% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$337K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Plus $70.3M in investments, Pt X · Ln 11–13
Looks good: 8.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $7K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$91K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
65
of 65 voting members
Looks good: 65 of 65 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
+45% vs prior year
Spent
$3.9M
To programs
67%
Net assets
$75.0M
By yearFY2021–FY2025
Revenue
$3.1M
FY2025▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2021$5.9M
FY2022$5.7M
FY2023$2.1M
FY2024$2.1M
FY2025$3.1M
Expenses
$3.9M
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.6M
FY2022$2.1M
FY2023$3.0M
FY2024$3.4M
FY2025$3.9M
Net assets
$75.0M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$73.9M
FY2022$71.3M
FY2023$68.3M
FY2024$73.4M
FY2025$75.0M

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1951.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $2.6M Management & general 33% · $1.3M Fundraising 1% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

72 people listed on the 990; $337K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Financial Officer
$127,194Pt VII · Sec A
Executive Director
$124,713Pt VII · Sec A
Director and Summer Program Manager
$84,984Pt VII · Sec A
Secretary and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Barbara Alden’s $127K as Chief Financial Officer is at the 51st percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Barbara Alden$127,194$119,247$109,978——
Amina Omari$124,713$120,646$44,939——
Matthew Trail——$87,140$66,832—
Asia Cleggett$84,984$16,557———
Matthew Trail Starting August 2020————$70,686
Ellen Baer Through August 2020————$69,697

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Telluride Association INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides free, transformative educational experiences to inspire promising students to lead and serve.

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3 programs · $2.6M · in their own filed words · FY2024
01

Houses at Cornell and Michigan Universities

Residences for students enrolled as full-time students and 2-3 faculty MEMBERS.CORNELL - current housemembers are both undergraduates and graduates enrolled at cornell university and study a full range of disciplines. Members of cornell faculty also live at the house.

$1.8Mprogram expense
02

The telluride association sophomore seminar (tass) offers bright, motivated high school sophomores challenging six-week college level courses in humanities topics. We work with university faculty to create exciting courses designed to inspire young people to learn critical thinking, community-building, and self-governance.

$788Kprogram expense
03

Telluride association sponsors a variety of awards for students at many stages of their academic careers.

$24Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$7K
Grants paid · 5 grants · $116K · 2020–2024
Unitemized GrantFY2024$23,800
Unitemized GrantFY2023$20,700
Unitemized GrantFY2022$23,000
Unitemized GrantFY2021$25,900
Unitemized GrantFY2020$23,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Investment incomeLn 3$2.8M
Gifts and grantsLn 1h$288K
Other incomeLn 4–11$3K
Money outPt IX
$3.9M
Ln 25
Programscol B$2.6M
Managementcol C$1.3M
Fundraisingcol D$35K
Owns and owesPt X
$75.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$75.1M
LiabilitiesLn 26$91K
PeoplePt VI, VII
72
listed · VII A
PaidVII A3
Voting boardVI 1a65
IndependentVI 1b65
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$288K
Noncash giftsLn 1g$210K
Investment incomeLn 3$2.8M
Other incomeLn 4–11$3K
Gains on assetsLn 7$1.3M
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$581K
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.6M
InvestmentsLn 11–13$70.3M
Land, buildings, equipmentLn 10c$2.1M
Total assetsLn 16$75.1M
LiabilitiesLn 26$91K
Net assetsLn 32$75.0M
OperationsPt I, VI
EmployeesI 555
VolunteersI 699
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$210K
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$72.3M$70.8M$65.3M$68.5M$70.3M
Given inLn 1b$4.2M
SpentLn 1d–1f$3.4M$2.5M$2.7M$2.4M$1.3M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3.5M$2.6M
InvestmentsLn 11–13$67.9M$70.3M
Land, buildings, equipmentLn 10c$2.0M$2.1M
Total assetsLn 16$73.5M$75.1M
LiabilitiesLn 26$95K$91K
Net assetsLn 32$73.4M$75.0M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$24K$24K
Pay of current officers, directors and key staffLn 5$398K$97K$301K
Other salaries and wagesLn 7$983K$746K$237K
Pension plan contributionsLn 8$62K$41K$21K
Other employee benefitsLn 9$120K$71K$49K
Payroll taxesLn 10$123K$78K$45K
Legal feesLn 11b$45K$45K
Accounting feesLn 11c$55K$55K
Investment management feesLn 11f$277K$277K
Other fees for servicesLn 11g$29K$29K
Office expensesLn 13$66K$7K$59K
OccupancyLn 16$581K$552K$29K
TravelLn 17$160K$81K$79K
Depreciation, depletion and amortizationLn 22$175K$166K$9K
InsuranceLn 23$73K$70K$4K
Other expenses (24a–d)Ln 24$623K$575K$47K
All other expensesLn 24e$64K$29K$35K
Total functional expensesLn 25$3.9M$2.6M$1.3M$35K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Sep 12, 2025 $3.1M$3.9M−$806K$75.0M 990 PDF
FY2024Filed with the IRS Sep 25, 2024 $2.1M$3.4M−$1.3M$73.4M 990 PDF
FY2023Filed with the IRS Sep 8, 2023 $2.1M$3.0M−$937K$68.3M 990 PDF
FY2022Filed with the IRS Sep 20, 2022 $5.7M$2.1M$3.7M$71.3M 990 PDF
FY2021Filed with the IRS Aug 2, 2021 $5.9M$2.6M$3.3M$73.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $3,050,655 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $331,138$288,064
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,766,612$2,759,326
I-11 Other revenuePrior year $2,292$3,265
I-12 Total revenuePrior year $2,100,042$3,050,655
I-13 Grants and similar amounts paidPrior year $20,700$23,800
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,583,526$1,685,317
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,801,564$2,147,715
I-18 Total expensesPrior year $3,405,790$3,856,832
I-19 Revenue less expensesPrior year −$1,305,748−$806,177
Part VI · Governance 65 of 65 board members independent, 1 to look at
VI-1a Voting members of the governing body65
VI-1b Independent voting members65
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,050,655 across 7 lines filed
VIII-1f All other contributions, gifts and grants$288,064
VIII-1g Noncash contributions (included above)$210,000
VIII-1h Total contributions, gifts and grants$288,064
VIII-3 Investment incomeExcluded from tax $1,460,510$1,460,510
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,298,816$1,298,816
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,265$3,265
VIII-12 Total revenueRelated to mission $3,265 · Unrelated business $0 · Excluded from tax $2,759,326$3,050,655
Part IX · Statement of functional expenses $3,856,832 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $23,800$23,800
IX-5 Pay of current officers, directors and key staffPrograms $96,915 · Management $301,482$398,397
IX-7 Other salaries and wagesPrograms $745,631 · Management $237,116$982,747
IX-8 Pension plan contributionsPrograms $41,022 · Management $20,763$61,785
IX-9 Other employee benefitsPrograms $70,895 · Management $48,700$119,595
IX-10 Payroll taxesPrograms $77,950 · Management $44,843$122,793
IX-11b Legal feesManagement $44,518$44,518
IX-11c Accounting feesManagement $54,878$54,878
IX-11f Investment management feesManagement $276,848$276,848
IX-11g Other fees for servicesPrograms $28,875$28,875
IX-13 Office expensesPrograms $7,320 · Management $58,808$66,128
IX-16 OccupancyPrograms $552,399 · Management $29,074$581,473
IX-17 TravelPrograms $80,563 · Management $79,223$159,786
IX-22 Depreciation, depletion and amortizationPrograms $166,498 · Management $8,763$175,261
IX-23 InsurancePrograms $69,530 · Management $3,659$73,189
IX-24 Other expenses (24a–d)Programs $575,380 · Management $47,156$622,536
IX-24e All other expensesPrograms $29,231 · Fundraising $34,992$64,223
IX-25 Total functional expensesPrograms $2,566,009 · Management $1,255,831 · Fundraising $34,992$3,856,832
Part X · Balance sheet $75,079,642 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $608,420$580,696
X-2 Savings and temporary cash investmentsStart of year $2,909,846$2,050,381
X-4 Accounts receivableStart of year $2,502$4,018
X-9 Prepaid expenses and deferred chargesStart of year $74,137$69,594
X-10c Land, buildings and equipment, netStart of year $1,968,811$2,082,715
X-11 Publicly traded securitiesStart of year $52,790,182$61,165,648
X-12 Other securitiesStart of year $15,148,198$9,126,590
X-16 Total assetsStart of year $73,502,096$75,079,642
X-17 Accounts payable and accrued expensesStart of year $49,133$47,586
X-25 Other liabilitiesStart of year $45,776$43,436
X-26 Total liabilitiesStart of year $94,909$91,022
X-27 Net assets without donor restrictionsStart of year $73,407,187$74,988,620
X-32 Total net assets or fund balancesStart of year $73,407,187$74,988,620
X-33 Total liabilities and net assetsStart of year $73,502,096$75,079,642
Part XI · Reconciliation of net assets $74,988,620 net assets at year end
XI-1 Total revenue$3,050,655
XI-2 Total expenses$3,856,832
XI-3 Revenue less expenses−$806,177
XI-4 Net assets at start of year$73,407,187
XI-5 Net unrealized gains (losses) on investments$2,387,610
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$74,988,620

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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