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.
90¢ of each $1 spent went to programs.
$184K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$184K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Plus $7.3M in investments, Pt X · Ln 11–13
Looks good: 6.6 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
$3.0M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 31 voting members
Looks good: 30 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.8M
-27% vs prior year
Spent
$6.1M
To programs
90%
Net assets
$14.7M
By yearFY2020–FY2024
Revenue
$5.8M
FY2021▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.9M
FY2021$5.8M
FY2022$3.7M
FY2023$5.6M
FY2024$6.9M
Expenses
$6.1M
FY2021▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.6M
FY2021$6.1M
FY2022$4.9M
FY2023$5.2M
FY2024$5.8M
Net assets
$14.7M
FY2021▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$15.2M
FY2021$14.7M
FY2022$13.1M
FY2023$14.2M
FY2024$15.8M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

90 cents of each dollar spent went to programs.

Program services 90% · $5.5M Management & general 6% · $342K Fundraising 5% · $290K

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

31 people listed on the 990; $184K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$184,500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$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

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.

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Provided by the organization

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2 programs · $5.5M · in their own filed words · FY2021
01

Grants and Assistance Programs

Community and special initiative grants funded by unrestricted and restricted gifts from generous donors, the foundation has awarded over $70 million since its inception in 2000 annually the community grants program awards approximately $1 million through a competitive grants program to eligible 501(c)(3) nonprofits that serve the people…

$3.3Mprogram 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 550 hours of free or subsidized workshops and technical assistance to regional nonprofits.

$2.2Mprogram 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 · 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$5.8M
Ln 12
Gifts and grantsLn 1h$4.7M
Investment incomeLn 3$849K
Fees for servicesLn 2g$279K
Money outPt IX
$6.1M
Ln 25
Programscol B$5.5M
Managementcol C$342K
Fundraisingcol D$290K
Owns and owesPt X
$14.7M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$17.7M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
31
listed · VII A
PaidVII A1
Voting boardVI 1a31
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.7M
Government grantsLn 1e$264K
Noncash giftsLn 1g$15K
Fees for servicesLn 2g$279K
Investment incomeLn 3$849K
Gains on assetsLn 7−$26K
Total revenueLn 12$5.8M
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$3.4M
Cash and savings togetherLn 1–2$3.4M
InvestmentsLn 11–13$7.3M
Land, buildings, equipmentLn 10c$943K
Total assetsLn 16$17.7M
LiabilitiesLn 26$3.0M
Net assetsLn 32$14.7M
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 FY21End FY21
Cash and savingsLn 1–2$5.3M$3.4M
InvestmentsLn 11–13$6.7M$7.3M
Land, buildings, equipmentLn 10c$964K$943K
Total assetsLn 16$19.0M$17.7M
LiabilitiesLn 26$3.8M$3.0M
Net assetsLn 32$15.2M$14.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.8M$2.8M
Grants to domestic individualsLn 2$512K$512K
Pay of current officers, directors and key staffLn 5$184K$111K$18K$55K
Other salaries and wagesLn 7$540K$455K$44K$41K
Pension plan contributionsLn 8$20K$16K$2K$3K
Other employee benefitsLn 9$181K$142K$15K$23K
Payroll taxesLn 10$51K$40K$4K$7K
Legal feesLn 11b$14K$10K$4K
Accounting feesLn 11c$54K$25K$28K$2K
Investment management feesLn 11f$214K$193K$21K
Other fees for servicesLn 11g$819K$819K
Advertising and promotionLn 12$2K$2K$82
Office expensesLn 13$51K$43K$2K$6K
Information technologyLn 14$186K$148K$15K$24K
OccupancyLn 16$65K$59K$2K$4K
TravelLn 17$48K$42K$2K$5K
Conferences, conventions and meetingsLn 19$6K$5K$883
InterestLn 20$33K$29K$1K$2K
Depreciation, depletion and amortizationLn 22$35K$17K$9K$9K
InsuranceLn 23$9K$2K$7K$299
Other expenses (24a–d)Ln 24$276K$167K$110K
Total functional expensesLn 25$6.1M$5.5M$342K$290K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $5,834,891 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,528,667$4,706,577
I-9 Program service revenuePrior year $300,470$279,301
I-10 Investment incomePrior year $111,030$849,013
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,940,167$5,834,891
I-13 Grants and similar amounts paidPrior year $2,837,750$3,327,990
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $919,937$976,588
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,802,759$1,811,998
I-18 Total expensesPrior year $6,560,446$6,116,576
I-19 Revenue less expensesPrior year $1,379,721−$281,685
Part VI · Governance 30 of 31 board members independent, no flags
VI-1a Voting members of the governing body31
VI-1b Independent voting members30
VI-2 Family or business relationship among officers or directorsNo
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 $5,834,891 across 8 lines filed
VIII-1e Government grants$263,755
VIII-1f All other contributions, gifts and grants$4,442,822
VIII-1g Noncash contributions (included above)$15,000
VIII-1h Total contributions, gifts and grants$4,706,577
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $279,301$279,301
VIII-3 Investment incomeExcluded from tax $874,715$874,715
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$25,702−$25,702
VIII-12 Total revenueRelated to mission $279,301 · Unrelated business $0 · Excluded from tax $849,013$5,834,891
Part IX · Statement of functional expenses $6,116,576 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $2,816,186$2,816,186
IX-2 Grants to domestic individualsPrograms $511,804$511,804
IX-5 Pay of current officers, directors and key staffPrograms $110,700 · Management $18,450 · Fundraising $55,350$184,500
IX-7 Other salaries and wagesPrograms $454,616 · Management $43,823 · Fundraising $41,235$539,674
IX-8 Pension plan contributionsPrograms $15,755 · Management $1,736 · Fundraising $2,692$20,183
IX-9 Other employee benefitsPrograms $142,365 · Management $15,018 · Fundraising $23,486$180,869
IX-10 Payroll taxesPrograms $40,094 · Management $4,418 · Fundraising $6,850$51,362
IX-11b Legal feesPrograms $9,933 · Management $3,680$13,613
IX-11c Accounting feesPrograms $24,816 · Management $27,677 · Fundraising $1,526$54,019
IX-11f Investment management feesPrograms $192,571 · Management $21,397$213,968
IX-11g Other fees for servicesPrograms $819,146$819,146
IX-12 Advertising and promotionPrograms $1,818 · Fundraising $82$1,900
IX-13 Office expensesPrograms $43,201 · Management $1,961 · Fundraising $5,576$50,738
IX-14 Information technologyPrograms $147,930 · Management $14,605 · Fundraising $23,743$186,278
IX-16 OccupancyPrograms $58,705 · Management $2,447 · Fundraising $3,590$64,742
IX-17 TravelPrograms $41,519 · Management $1,592 · Fundraising $4,774$47,885
IX-19 Conferences, conventions and meetingsPrograms $5,389 · Management $883$6,272
IX-20 InterestPrograms $29,056 · Management $1,498 · Fundraising $2,199$32,753
IX-22 Depreciation, depletion and amortizationPrograms $17,498 · Management $8,748 · Fundraising $8,749$34,995
IX-23 InsurancePrograms $1,752 · Management $7,332 · Fundraising $299$9,383
IX-24 Other expenses (24a–d)Management $166,783 · Fundraising $109,523$276,306
IX-25 Total functional expensesPrograms $5,484,854 · Management $342,048 · Fundraising $289,674$6,116,576
Part X · Balance sheet $17,715,032 assets, 17 lines filed
Asset lines not itemized here account for $1,163,048; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $10,663$10,663
X-2 Savings and temporary cash investmentsStart of year $5,268,926$3,364,984
X-3 Pledges and grants receivableStart of year $4,779,955$4,643,989
X-4 Accounts receivableStart of year $109,656$247,815
X-9 Prepaid expenses and deferred chargesStart of year $13,001$29,772
X-10c Land, buildings and equipment, netStart of year $964,385$943,320
X-11 Publicly traded securitiesStart of year $6,656,940$7,311,441
X-16 Total assetsStart of year $18,975,226$17,715,032
X-17 Accounts payable and accrued expensesStart of year $158,345$468,859
X-18 Grants payableStart of year $1,008,469$1,130,540
X-19 Deferred revenueStart of year $1,250,000$6,000
X-25 Other liabilitiesStart of year $1,396,753$1,387,415
X-26 Total liabilitiesStart of year $3,813,567$2,992,814
X-27 Net assets without donor restrictionsStart of year $7,550,404$8,795,869
X-28 Net assets with donor restrictionsStart of year $7,611,255$5,926,349
X-32 Total net assets or fund balancesStart of year $15,161,659$14,722,218
X-33 Total liabilities and net assetsStart of year $18,975,226$17,715,032
Part XI · Reconciliation of net assets $14,722,218 net assets at year end
XI-1 Total revenue$5,834,891
XI-2 Total expenses$6,116,576
XI-3 Revenue less expenses−$281,685
XI-4 Net assets at start of year$15,161,659
XI-5 Net unrealized gains (losses) on investments−$165,325
XI-8 Prior period adjustments$7,569
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,722,218

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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