Third Way Center INC: FY2020 Nonprofit Profile & Form 990 (EIN 84-0599572)

Revenue by fiscal year
FY2020	$12.6M
FY2021	$12.7M
FY2022	$15.9M
FY2023	$19.5M
FY2024	$22.0M

Expenses by fiscal year
FY2020	$11.2M
FY2021	$11.5M
FY2022	$12.5M
FY2023	$14.2M
FY2024	$17.0M

Net assets by fiscal year
FY2020	$8.8M
FY2021	$10.0M
FY2022	$13.2M
FY2023	$18.6M
FY2024	$23.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1970.

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

Where the money goes

87 cents of each dollar spent went to programs.

87%

12%

Program services 87% · $9.8M Management & general 12% · $1.4M Fundraising 1% · $104K

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

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Who runs it and what they're paid

13 people listed on the 990; $908K paid to officers and key staff.

Part VII, Section A · reportable compensation

David Eisner

Executive Director

$206,199Pt VII · Sec A

Hildegard Messenbaugh MD

Medical Director

$195,386Pt VII · Sec A

Mira Eklund

Assistant Medical Director

$178,116Pt VII · Sec A

Renee Johnson

Program Director

$123,375Pt VII · Sec A

Kristine Edmonds

Clinical Director

$104,930Pt VII · Sec A

David Koehler

CFO

$99,902Pt VII · Sec A

Marilyn Dana

Board Member

$0Pt VII · Sec A

Sally Johnston

Board Member

$0Pt VII · Sec A

Hildegard Messenbaugh MD’s $236K as Medical Director is at the 41st percentile of top reported officer pay among 746 $10–100M mental health 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 · 8 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
David Eisner	$88,044	$52,593	$205,305	$241,206	$206,199
Hildegard Messenbaugh MD	$236,137	$224,176	$216,199	$199,550	$195,386
Mira Eklund	$229,026	$215,004	$204,002	$193,153	$178,116
Renee Johnson	$220,097	$206,160	$177,828	$146,835	$123,375
David Koehler	$204,825	$191,986	$162,616	$134,673	$99,902
Kristine Edmonds	$150,011	$141,162	$131,014	$114,342	$104,930
Kim Renner	$126,926	$117,811	—	—	—
Amber Lacy	$113,117	—	—	—	—

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.

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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

Operates residential treatment and transitional housing facilities for adolescents.

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Provided by the organization

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3 programs · $9.8M · in their own filed words · FY2020

01

Treatment

Provide room, board, support, guidance and counseling to minors assigned to third way center by counties and private agencies.

$7.9Mprogram expense

02

Education

Provide an education program for the benefit of residents who cannot function in a standard public school system as an alternative means of continuing their education while receiving treatment.

$1.8Mprogram expense

03

Next steps program provides after emancipation assistance and supervision.

$102Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

The Denver Children's FoundationFY2024$25K

The Denver FoundationFY2024$12K

Greater HorizonsFY2024$12K

Donald C McGraw Foundation INCFY2024$10K

Community First FoundationFY2024$10K

American Online Giving Foundation INCFY2024$8K

Jay P K Kenney Private FoundationFY2024$5K

Moore-Niederman Family Foundation Linda Moore-NiedermanFY2024$3K

Total grants receivedfrom 11 funders$90K

See all 11 funders →

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$12.6M

Ln 12

Fees for servicesLn 2g$10.7M

Gifts and grantsLn 1h$1.8M

Other incomeLn 4–11$46K

Money outPt IX

$11.2M

Ln 25

Programscol B$9.8M

Managementcol C$1.4M

Fundraisingcol D$104K

Owns and owesPt X

$8.8M

net assets · Ln 32

Cash and savingsLn 1–2$2.8M

Total assetsLn 16$11.0M

LiabilitiesLn 26$2.2M

PeoplePt VI, VII

13

listed · VII A

PaidVII A6

Voting boardVI 1a10

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.8M

Government grantsLn 1e$1.6M

Noncash giftsLn 1g$30K

Fundraising eventsLn 1c$175K

Fees for servicesLn 2g$10.7M

Investment incomeLn 3$36K

Other incomeLn 4–11$46K

Total revenueLn 12$12.6M

Assets in detailPt X, end of year

CashLn 1$1K

SavingsLn 2$2.8M

Cash and savings togetherLn 1–2$2.8M

InvestmentsLn 11–13$1.1M

Land, buildings, equipmentLn 10c$5.1M

Other assetsLn 15$278K

Total assetsLn 16$11.0M

LiabilitiesLn 26$2.2M

Net assetsLn 32$8.8M

OperationsPt I, VI

EmployeesI 5232

VolunteersI 615

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$1.3M	$2.8M
InvestmentsLn 11–13	$1.1M	$1.1M
Land, buildings, equipmentLn 10c	$5.4M	$5.1M
Total assetsLn 16	$9.5M	$11.0M
LiabilitiesLn 26	$2.2M	$2.2M
Net assetsLn 32	$7.3M	$8.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$886K	$784K	$94K	$9K
Other salaries and wagesLn 7	$6.9M	$6.2M	$623K	$75K
Pension plan contributionsLn 8	$15K	$11K	$4K	$133
Other employee benefitsLn 9	$639K	$618K	$21K
Payroll taxesLn 10	$545K	$472K	$62K	$11K
Legal feesLn 11b	$11K		$11K
Accounting feesLn 11c	$39K		$39K
Professional fundraising feesLn 11e	$1K			$1K
Investment management feesLn 11f	$20K		$20K
Other fees for servicesLn 11g	$244K	$100K	$145K
Advertising and promotionLn 12	$5K			$5K
Office expensesLn 13	$125K	$64K	$59K	$3K
Information technologyLn 14	$118K	$58K	$60K
OccupancyLn 16	$181K	$174K	$7K
TravelLn 17	$78K	$71K	$7K
InterestLn 20	$33K		$33K
Depreciation, depletion and amortizationLn 22	$370K	$336K	$34K
InsuranceLn 23	$187K	$169K	$17K
Other expenses (24a–d)Ln 24	$647K	$557K	$90K
All other expensesLn 24e	$210K	$153K	$56K	$317
Total functional expensesLn 25	$11.2M	$9.8M	$1.4M	$104K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$22.0M	$17.0M	$5.0M	$23.6M	990 PDF
FY2023	$19.5M	$14.2M	$5.3M	$18.6M	990 PDF
FY2022	$15.9M	$12.5M	$3.4M	$13.2M	990 PDF
FY2021	$12.7M	$11.5M	$1.2M	$10.0M	990 PDF
FY2020 Viewing	$12.6M	$11.2M	$1.4M	$8.8M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2020 990 (6 parts)

Part I · Summary $12,641,911 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $469,684$1,827,767

I-9 Program service revenuePrior year $10,784,119$10,731,798

I-10 Investment incomePrior year $24,253$36,328

I-11 Other revenuePrior year −$83,262$46,018

I-12 Total revenuePrior year $11,194,794$12,641,911

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $8,426,238$8,976,865

I-16a Professional fundraising feesPrior year $3,193$1,237

I-17 Other expensesPrior year $2,411,607$2,268,022

I-18 Total expensesPrior year $10,841,038$11,246,124

I-19 Revenue less expensesPrior year $353,756$1,395,787

Part VI · Governance 8 of 10 board members independent, 1 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members8

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 $12,641,911 across 10 lines filed

VIII-1c Fundraising events$175,124

VIII-1e Government grants$1,574,043

VIII-1f All other contributions, gifts and grants$78,600

VIII-1g Noncash contributions (included above)$29,624

VIII-1h Total contributions, gifts and grants$1,827,767

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,731,798$10,731,798

VIII-3 Investment incomeExcluded from tax $36,328$36,328

VIII-8 Net income from fundraising eventsExcluded from tax −$40,073−$40,073

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $86,091$86,091

VIII-12 Total revenueRelated to mission $10,817,889 · Unrelated business $0 · Excluded from tax −$3,745$12,641,911

Part IX · Statement of functional expenses $11,246,124 across 20 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $783,568 · Management $93,689 · Fundraising $8,802$886,059

IX-7 Other salaries and wagesPrograms $6,194,031 · Management $622,511 · Fundraising $74,578$6,891,120

IX-8 Pension plan contributionsPrograms $10,891 · Management $4,342 · Fundraising $133$15,366

IX-9 Other employee benefitsPrograms $617,632 · Management $21,295$638,927

IX-10 Payroll taxesPrograms $472,464 · Management $61,873 · Fundraising $11,056$545,393

IX-11b Legal feesManagement $11,464$11,464

IX-11c Accounting feesManagement $39,294$39,294

IX-11e Professional fundraising feesFundraising $1,237$1,237

IX-11f Investment management feesManagement $20,181$20,181

IX-11g Other fees for servicesPrograms $99,899 · Management $144,558$244,457

IX-12 Advertising and promotionFundraising $5,404$5,404

IX-13 Office expensesPrograms $63,598 · Management $58,548 · Fundraising $2,558$124,704

IX-14 Information technologyPrograms $58,128 · Management $59,877$118,005

IX-16 OccupancyPrograms $173,921 · Management $6,750$180,671

IX-17 TravelPrograms $70,663 · Management $7,059$77,722

IX-20 InterestManagement $32,581$32,581

IX-22 Depreciation, depletion and amortizationPrograms $336,052 · Management $34,230$370,282

IX-23 InsurancePrograms $169,470 · Management $17,119$186,589

IX-24 Other expenses (24a–d)Programs $556,950 · Management $89,985$646,935

IX-24e All other expensesPrograms $153,166 · Management $56,250 · Fundraising $317$209,733

IX-25 Total functional expensesPrograms $9,760,433 · Management $1,381,606 · Fundraising $104,085$11,246,124

Part X · Balance sheet $10,977,029 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $1,377$1,377

X-2 Savings and temporary cash investmentsStart of year $1,307,338$2,811,331

X-4 Accounts receivableStart of year $1,320,071$1,445,873

X-9 Prepaid expenses and deferred chargesStart of year $138,598$158,048

X-10c Land, buildings and equipment, netStart of year $5,380,944$5,105,150

X-11 Publicly traded securitiesStart of year $1,054,016$1,143,469

X-14 Intangible assetsStart of year $33,383$33,383

X-15 Other assetsStart of year $280,833$278,398

X-16 Total assetsStart of year $9,516,560$10,977,029

X-17 Accounts payable and accrued expensesStart of year $1,018,297$1,077,014

X-20 Tax-exempt bond liabilitiesStart of year $1,096,811$1,006,381

X-26 Total liabilitiesStart of year $2,187,167$2,158,274

X-27 Net assets without donor restrictionsStart of year $6,480,823$7,958,164

X-28 Net assets with donor restrictionsStart of year $848,570$860,591

X-32 Total net assets or fund balancesStart of year $7,329,393$8,818,755

X-33 Total liabilities and net assetsStart of year $9,516,560$10,977,029

Part XI · Reconciliation of net assets $8,818,755 net assets at year end

XI-1 Total revenue$12,641,911

XI-2 Total expenses$11,246,124

XI-3 Revenue less expenses$1,395,787

XI-4 Net assets at start of year$7,329,393

XI-5 Net unrealized gains (losses) on investments$93,575

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$8,818,755

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Third Way Center INC FY2020 filing

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