Telluride Foundation

Tax-deductible

Telluride, CO501(c)(3)Since 2000Recreation & SportsEIN 84-1530768

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.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 55 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $293K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$641K
to officers and key staff · 11% of spending
Top officer’s pay higher than 90% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $55K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.9M
+24% vs prior year
Spent
$5.8M
To programs
83%
Net assets
$15.8M
By yearFY2020–FY2024
Revenue
$6.9M
FY2024▲ +24%
Revenue by fiscal year
FY2020$7.9M
FY2021$5.8M
FY2022$3.7M
FY2023$5.6M
FY2024$6.9M
Expenses
$5.8M
FY2024▲ +11%
Expenses by fiscal year
FY2020$6.6M
FY2021$6.1M
FY2022$4.9M
FY2023$5.2M
FY2024$5.8M
Net assets
$15.8M
FY2024▲ +11%
Net assets by fiscal year
FY2020$15.2M
FY2021$14.7M
FY2022$13.1M
FY2023$14.2M
FY2024$15.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2000.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $4.8M Management & general 9% · $537K Fundraising 7% · $435K

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

Who runs it and what they're paid

33 people listed on the 990; $641K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$237,722Pt VII · Sec A
Employee
$161,302Pt VII · Sec A
$131,314Pt VII · Sec A
$110,904Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice - Chair Executive Board
$0Pt VII · Sec A

Jason Corzine’s $238K as President & CEO is at the 90th percentile of top reported officer pay among 1842 $1–10M recreation & sports 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

NameFY2024FY2023FY2022FY2021FY2020
Jason Corzine$237,722$231,532$201,476——
Paul Major———$184,500$195,129
Elaine Demas$161,302$135,219———
April Montgomery$131,314$125,061———
Annemarie Jodlowski$110,904————
Paul Major Resigned 3312022——$72,197——

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 Foundation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Enriches the Telluride region's quality of life by funding local initiatives, supporting self-reliance, and providing capacity-building training and resources to regional nonprofits.

Provided by the organization

This section is blank until Telluride Foundation claims this page.

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2 program services account for $4.8M of program spending, described in the organization's own filed words · FY2024.
01

Grants and Assistance Programs

Community and special initiative grants funded by unrestricted and restricted gifts from generous donors, the foundation has awarded over $90 million since its inception in 2000. Annually the community grants program awards approximately $1.2 million through a competitive grants program to eligible 501(c)(3) nonprofits that serve the…

$4.7Mprogram expense
02

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 600 hours of free or subsidized workshops and technical assistance to regional nonprofits.

$172Kprogram 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 · FY2025
Total grants receivedfrom 4 funders$55K
See all 4 funders →
Grants paid · 276 grants · $11.6M · 2020–2024
Unitemized GrantFY2024$565,265
Unitemized GrantFY2024$229,563
Bright FuturesCO · FY2024$227,500
Tri-County Health NetworkCO · FY2024$111,680
Bethany CollegeFY2024$80,000
Norwood Fire Protection District Ems ServiceFY2024$71,465
Ridgway School District R-2FY2024$65,000
Rollins CollegeFL · FY2024$50,000
Home Trust of Ouray CountyCO · FY2024$50,000
Mountainfilm Ltd 01-01-94CO · FY2024$45,000
Fresh Food HubFY2024$45,000
San Miguel Resource CenterCO · FY2024$40,000
San Miguel Mentoring ProgramCO · FY2024$32,500
See all 276 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.9M
Ln 12
Gifts and grantsLn 1h$6.2M
Fees for servicesLn 2g$373K
Investment incomeLn 3$366K
Money outPt IX
$5.8M
Ln 25
Programscol B$4.8M
Managementcol C$537K
Fundraisingcol D$435K
Owns and owesPt X
$15.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.8M
Total assetsLn 16$18.6M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
33
listed · VII A
PaidVII A4
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.2M
Government grantsLn 1e$189K
Fees for servicesLn 2g$373K
Investment incomeLn 3$366K
Gains on assetsLn 7$1K
Total revenueLn 12$6.9M
Assets in detailPt X, end of year
SavingsLn 2$3.8M
Cash and savings togetherLn 1–2$3.8M
InvestmentsLn 11–13$6.0M
Land, buildings, equipmentLn 10c$1.0M
Total assetsLn 16$18.6M
LiabilitiesLn 26$2.8M
Net assetsLn 32$15.8M
OperationsPt I, VI
EmployeesI 59
VolunteersI 655
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
LineStart FY24End FY24
Cash and savingsLn 1–2$4.9M$3.8M
InvestmentsLn 11–13$5.6M$6.0M
Land, buildings, equipmentLn 10c$1.1M$1.0M
Total assetsLn 16$17.1M$18.6M
LiabilitiesLn 26$2.9M$2.8M
Net assetsLn 32$14.2M$15.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.4M$2.4M
Grants to domestic individualsLn 2$795K$795K
Other salaries and wagesLn 7$901K$684K$30K$186K
Other employee benefitsLn 9$201K$153K$7K$42K
Payroll taxesLn 10$64K$49K$2K$13K
Legal feesLn 11b$5K$4K$655
Accounting feesLn 11c$67K$42K$24K$862
Investment management feesLn 11f$8K$5K$1K$2K
Other fees for servicesLn 11g$452K$409K$23K$20K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$76K$65K$2K$9K
Information technologyLn 14$86K$65K$3K$18K
TravelLn 17$11K$9K$407$1K
Conferences, conventions and meetingsLn 19$37K$34K$2K$2K
InterestLn 20$47K$43K$510$3K
Depreciation, depletion and amortizationLn 22$40K$20K$10K$10K
InsuranceLn 23$15K$1K$14K
Other expenses (24a–d)Ln 24$555K$9K$418K$128K
Total functional expensesLn 25$5.8M$4.8M$537K$435K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $6.9M$5.8M$1.1M$15.8M 990 PDF
FY2023 $5.6M$5.2M$365K$14.2M 990 PDF
FY2022 $3.7M$4.9M−$1.1M$13.1M 990 PDF
FY2021 $5.8M$6.1M−$282K$14.7M 990 PDF
FY2020 $7.9M$6.6M$1.4M$15.2M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $6,942,077 across 7 lines filed
VIII-1e Government grants$189,235
VIII-1f All other contributions, gifts and grants$6,013,887
VIII-1h Total contributions, gifts and grants$6,203,122
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $373,214$373,214
VIII-3 Investment incomeExcluded from tax $364,604$364,604
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,137$1,137
VIII-12 Total revenueRelated to mission $373,214 · Unrelated business $0 · Excluded from tax $365,741$6,942,077
Part IX · Statement of functional expenses $5,805,520 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $2,438,216$2,438,216
IX-2 Grants to domestic individualsPrograms $794,828$794,828
IX-7 Other salaries and wagesPrograms $684,414 · Management $30,165 · Fundraising $186,481$901,060
IX-9 Other employee benefitsPrograms $152,943 · Management $6,741 · Fundraising $41,672$201,356
IX-10 Payroll taxesPrograms $48,940 · Management $2,157 · Fundraising $13,335$64,432
IX-11b Legal feesPrograms $4,254 · Management $655$4,909
IX-11c Accounting feesPrograms $42,132 · Management $23,681 · Fundraising $862$66,675
IX-11f Investment management feesPrograms $4,777 · Management $1,126 · Fundraising $2,103$8,006
IX-11g Other fees for servicesPrograms $408,995 · Management $22,615 · Fundraising $20,370$451,980
IX-12 Advertising and promotionPrograms $7,651$7,651
IX-13 Office expensesPrograms $64,734 · Management $1,885 · Fundraising $8,985$75,604
IX-14 Information technologyPrograms $65,108 · Management $3,045 · Fundraising $17,524$85,677
IX-17 TravelPrograms $9,235 · Management $407 · Fundraising $1,222$10,864
IX-19 Conferences, conventions and meetingsPrograms $33,951 · Management $1,830 · Fundraising $1,589$37,370
IX-20 InterestPrograms $42,828 · Management $510 · Fundraising $3,495$46,833
IX-22 Depreciation, depletion and amortizationPrograms $19,999 · Management $9,999 · Fundraising $9,999$39,997
IX-23 InsurancePrograms $1,439 · Management $13,603$15,042
IX-24 Other expenses (24a–d)Programs $8,969 · Management $418,397 · Fundraising $127,654$555,020
IX-25 Total functional expensesPrograms $4,833,413 · Management $536,816 · Fundraising $435,291$5,805,520
Part X · Balance sheet $18,620,405 assets, 15 lines filed
Asset lines not itemized here account for $2,807,751; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $4,887,012$3,812,079
X-3 Pledges and grants receivableStart of year $4,200,553$4,627,480
X-4 Accounts receivableStart of year $174,788$361,955
X-9 Prepaid expenses and deferred chargesStart of year $10,053$15,565
X-10c Land, buildings and equipment, netStart of year $1,059,687$1,020,992
X-11 Publicly traded securitiesStart of year $5,602,394$5,974,583
X-16 Total assetsStart of year $17,066,932$18,620,405
X-17 Accounts payable and accrued expensesStart of year $199,770$85,230
X-18 Grants payableStart of year $1,331,922$1,391,275
X-25 Other liabilitiesStart of year $1,367,491$1,356,954
X-26 Total liabilitiesStart of year $2,899,183$2,833,459
X-27 Net assets without donor restrictionsStart of year $8,157,411$7,946,880
X-28 Net assets with donor restrictionsStart of year $6,010,338$7,840,066
X-32 Total net assets or fund balancesStart of year $14,167,749$15,786,946
X-33 Total liabilities and net assetsStart of year $17,066,932$18,620,405
Part XI · Reconciliation of net assets $15,786,946 net assets at year end
XI-1 Total revenue$6,942,077
XI-2 Total expenses$5,805,520
XI-3 Revenue less expenses$1,136,557
XI-4 Net assets at start of year$14,167,749
XI-5 Net unrealized gains (losses) on investments$482,640
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,786,946

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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