Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 83% | — | — |
| Overhead ratio | 9% | — | — |
| Fundraising cost ratio | 7% | — | — |
| Revenue growth | 24% | — | — |
| Investment management fee ratio | 0.04% | — | — |
| Legal fee ratio | 0.08% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Officers, Directors & Key Employees
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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| 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.
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Governance & Policies
Mission and programs
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.
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Where the work happens
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…
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.
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 Latest Viewing | $6.9M | $5.8M | +24% | 990 PDF |
| FY2023 | $5.6M | $5.2M | +51% | 990 PDF |
| FY2022 | $3.7M | $4.9M | -36% | 990 PDF |
| FY2021 | $5.8M | $6.1M | -27% | 990 PDF |
| FY2020 | $7.9M | $6.6M | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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