Tesoro Foundation Holly a Kinney EIN 84-1542815 Form 990 (PDF) Claim this org

Tesoro Foundation Holly a Kinney FY2021 filing

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Educates adults and children to value Colorado's heritage. For fiscal year 2021 it reported $270K in revenue, $281K in expenses, and $395K in net assets.Pt I

Founded
1999
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Morrison, CO
Website
www.tesorofoundation.org
Filings
6 on file (2020–2021)
Revenue
$270KFY2021
Expenses
$281K
Net assets
$395K
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  84-1542815 Public charity (501(c)(3)) Morrison, CO Founded 1999
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates adults and children to value Colorado's heritage.
Leadership
Dr Jay Gitlin · Director
Money in and out
$270K revenue, $281K expenses
Bottom line
77% program efficiency
Where the money goes · FY2021
Total revenue
$270K
Pt VIII · Ln 12
Total expenses
$281K
Pt IX · Ln 25
Net assets
$395K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$11K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.15 Fundraising $0.07
Program efficiency
77%
of spending reaches programs
Operating runway
7.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$270K
FY2021▲ +63%
Expenses
$281K
FY2021▲ +156%
Total assets
$408K
FY2021▼ -4%
Total liabilities
$13K
FY2021▼ -36%
Total revenue
$270K
Pt VIII · Ln 12
Total expenses
$281K
Pt IX · Ln 25
Net assets
$395K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$11K
Total assetsPt X · Ln 16$408K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTesoro Foundation Holly a Kinney
EINHdr · item D84-1542815
Principal addressHdr · item CMorrison, CO
WebsiteHdr · item Jwww.tesorofoundation.org
Year of formationHdr · item L1999
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A80)
Ruling yearIRS BMFAug 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $217K of program spending, described in the organization's own filed words · FY2021.
01

To educate adults & children to value their colorado heritage.

$217Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$149K · 55%
Program service revenue$72K · 27%
Other revenue$30K · 11%
Investment income$19K · 7%
Contributions & grants55%$149K
Program service revenue27%$72K
Other revenue11%$30K
Investment income7%$19K
— government grantsLn 1e$77K
Total revenueLn 12$270K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.15 Fundraising $0.07
Program services77%$217K
Management & general15%$43K
Fundraising7%$20K
Total functional expensesLn 25$281K

Balance Sheet

Part X · end of year
CashLn 1$126K
Total assetsLn 16$408K
Total liabilitiesLn 26$13K
Total net assetsLn 32$395K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $182K · Operating expenses/yr $281K
7.8 months
Where the money goes
Program services
Program services $217K · Total expenses $281K
77%
Management & General
Management & general $43K · Total expenses $281K
15%
Fundraising
Fundraising $20K · Total expenses $281K
7%
Cost to raise $1
Fundraising expense (2-yr avg) $22K · Solicited contributions (2-yr avg) $59K
$0.37 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $149K · Total revenue $270K
55%
Government reliance
Government grants $77K · Total revenue $270K
29%
Earned-income share
Program service revenue $72K · Total revenue $270K
27%
Investment reliance
Investment income $19K · Total revenue $270K
+7%
Program self-sufficiency
Program service revenue $72K · Total expenses $281K
26%
Growth & trend
Revenue growth (YoY)
This year $270K · Prior year $165K
+63%
Net-asset trend (YoY)
End of year $395K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $270K · Expenses $281K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $408K
Net-asset ratio
Net assets $395K · Total assets $408K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $56K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $408K
14%
People & payroll
Highest Reported Total Compensation
Individual Dr Jay Gitlin · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $281K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $66K · Total expenses $281K
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 15%
Fundraising cost ratio 14%
Revenue growth 63%
Investment management fee ratio 0.4%
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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$8K
Grants paid · 1 grant · $146K · 2025–2025
Colorado Historical FoundationCO · FY2025$145,629

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$30K revenue · ⤓ 990 PDF
FY2024$184K revenue · ⤓ 990 PDF
FY2023$348K revenue · ⤓ 990 PDF
FY2022$320K revenue · ⤓ 990 PDF
FY2021$270K revenue · viewing · ⤓ 990 PDF
FY2020$165K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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