The Stratton Area Foundation I

Tax-deductible

Stratton, CO501(c)(3)Since 1996HousingEIN 84-1383393

To provide affordable rental housing to low income families and individuals

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 7 volunteers.
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
0 of 6
filings with a surplus
Average deficit $126K a year · 97% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$637K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$133K
+1% vs prior year
Spent
$195K
To programs
99%
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$133K
FY2025▲ +1%
Revenue by fiscal year
FY2020$155K
FY2021$116K
FY2022$128K
FY2023$117K
FY2024$132K
FY2025$133K
Expenses
$195K
FY2025▼ -4%
Expenses by fiscal year
FY2020$274K
FY2021$472K
FY2022$199K
FY2023$196K
FY2024$204K
FY2025$195K
Net assets
$1.6M
FY2025▼ -4%
Net assets by fiscal year
FY2020$2.2M
FY2021$1.9M
FY2022$1.8M
FY2023$1.7M
FY2024$1.7M
FY2025$1.6M

From the FY2025 Form 990 · see the original

Is it real?

Yes. Revoked May 2010, reinstated. IRS ruling Jan 2015, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Jan 2015.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $193K Management & general 1% · $1K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Sec/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See The Stratton Area Foundation I executive salaries →

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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 15aNo

Programs and updates

Offers affordable rental homes to low-income families and individuals.

Provided by the organization

This section is blank until The Stratton Area Foundation I claims this page.

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1 program service account for $193K of program spending, described in the organization's own filed words · FY2025.
01

The organization rents and manages housing for low income individuals

$193Kprogram expense

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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 1 funder$12K
Grants paid · 1 grant · $108K · 2021–2021
Stratton Area Foundation 2 INCCO · FY2021$108,183

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$133K
Ln 12
Fees for servicesLn 2g$132K
Gifts and grantsLn 1h$6K
Investment incomeLn 3$6
Money outPt IX
$195K
Ln 25
Programscol B$193K
Managementcol C$1K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$94K
Total assetsLn 16$2.2M
LiabilitiesLn 26$637K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Government grantsLn 1e$6K
Fees for servicesLn 2g$132K
Investment incomeLn 3$6
Gains on assetsLn 7−$5K
Total revenueLn 12$133K
Assets in detailPt X, end of year
CashLn 1$94K
Cash and savings togetherLn 1–2$94K
Land, buildings, equipmentLn 10c$2.1M
Total assetsLn 16$2.2M
LiabilitiesLn 26$637K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$92K$94K
Land, buildings, equipmentLn 10c$2.2M$2.1M
Total assetsLn 16$2.3M$2.2M
LiabilitiesLn 26$657K$637K
Net assetsLn 32$1.7M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$14K$14K
Accounting feesLn 11c$300$300
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$1K$703$702
OccupancyLn 16$29K$29K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$102K$102K
InsuranceLn 23$18K$18K$359
Other expenses (24a–d)Ln 24$22K$22K
Total functional expensesLn 25$195K$193K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $133K$195K−$61K$1.6M 990 PDF
FY2024 $132K$204K−$72K$1.7M 990 PDF
FY2023 $117K$196K−$78K$1.7M 990 PDF
FY2022 $128K$199K−$71K$1.8M 990 PDF
FY2021 $116K$472K−$356K$1.9M 990 PDF
FY2020 $155K$274K−$119K$2.2M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $133,491 across 7 lines filed
VIII-1e Government grants$6,309
VIII-1h Total contributions, gifts and grants$6,309
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $132,114$132,114
VIII-3 Investment incomeRelated to mission $6$6
VIII-7 Net gain or loss on sales of assetsRelated to mission −$4,938−$4,938
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $127,182$133,491
Part IX · Statement of functional expenses $194,804 across 9 lines filed
IX-11a Management feesPrograms $14,370$14,370
IX-11c Accounting feesManagement $300$300
IX-12 Advertising and promotionPrograms $1,433$1,433
IX-13 Office expensesPrograms $703 · Management $702$1,405
IX-16 OccupancyPrograms $29,117$29,117
IX-20 InterestPrograms $6,332$6,332
IX-22 Depreciation, depletion and amortizationPrograms $101,929$101,929
IX-23 InsurancePrograms $17,724 · Management $359$18,083
IX-24 Other expenses (24a–d)Programs $21,835$21,835
IX-25 Total functional expensesPrograms $193,443 · Management $1,361 · Fundraising $0$194,804
Part X · Balance sheet $2,226,849 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $91,621$93,961
X-10c Land, buildings and equipment, netStart of year $2,216,655$2,132,888
X-16 Total assetsStart of year $2,308,276$2,226,849
X-17 Accounts payable and accrued expensesStart of year $14,882$16,815
X-26 Total liabilitiesStart of year $657,053$636,939
X-27 Net assets without donor restrictionsStart of year $1,651,223$1,589,910
X-32 Total net assets or fund balancesStart of year $1,651,223$1,589,910
X-33 Total liabilities and net assetsStart of year $2,308,276$2,226,849
Part XI · Reconciliation of net assets $1,589,910 net assets at year end
XI-1 Total revenue$133,491
XI-2 Total expenses$194,804
XI-3 Revenue less expenses−$61,313
XI-4 Net assets at start of year$1,651,223
XI-10 Net assets at end of year$1,589,910

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

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