Tesoro Foundation Holly a Kinney FY2023 filing

Morrison, CO · Public charity (501(c)(3)) · Since 1999 · Arts & Culture

✓ Tax-deductible
Revenue
$348K
+9% vs prior year
Spent
$365K
To programs
75%
Net assets
$382K
By yearFY2020–FY2025
Revenue
$348K
FY2023▲ +9%
Revenue by fiscal year
FY2020$165K
FY2021$270K
FY2022$320K
FY2023$348K
FY2024$184K
FY2025$30K
Expenses
$365K
FY2023▲ +16%
Expenses by fiscal year
FY2020$110K
FY2021$281K
FY2022$315K
FY2023$365K
FY2024$319K
FY2025$184K
Net assets
$382K
FY2023▼ -4%
Net assets by fiscal year
FY2020$406K
FY2021$395K
FY2022$399K
FY2023$382K
FY2024$244K
FY2025$0

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CTesoro Foundation Holly a Kinney
EINHdr · item D84-1542815
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2001
Year of formationHdr · item L1999
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CMorrison, CO
NTEE classificationIRS BMFArts & Culture (A80)
WebsiteHdr · item Jwww.tesorofoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.21 Fundraising $0.04
Program services75%$274K
Management & general21%$76K
Fundraising4%$15K
Total functional expensesLn 25$365K

Financial health

Is it on solid ground?

Program efficiency
75%
of spending reaches programs
Operating runway
9.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$391K
FY2023▼ -3%
Total assets by fiscal year
FY2020$426K
FY2021$408K
FY2022$403K
FY2023$391K
FY2024$258K
FY2025Not on file
Total liabilities
$9K
FY2023▲ +166%
Total liabilities by fiscal year
FY2020$21K
FY2021$13K
FY2022$3K
FY2023$9K
FY2024$14K
FY2025Not on file
Revenue less expensesPt I · Ln 19−$17K
Total assetsPt X · Ln 16$391K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$287K
Total assetsLn 16$391K
Total liabilitiesLn 26$9K
Total net assetsLn 32$382K
Months of cash on handcomputed9.4

Statement of Revenue

Part VIII
Contributions & grants$250K · 72%
Program service revenue$95K · 27%
Investment income$2K · 1%
Contributions & grants72%$250K
Program service revenue27%$95K
Investment income1%$2K
Other revenue$241
— government grantsLn 1e$109K
Total revenueLn 12$348K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $287K · Operating expenses/yr $365K
9.4 months
Where the money goes
Program services
Program services $274K · Total expenses $365K
75%
Management & General
Management & general $76K · Total expenses $365K
21%
Fundraising
Fundraising $15K · Total expenses $365K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $12K · Solicited contributions (3-yr avg) $110K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $250K · Total revenue $348K
72%
Government reliance
Government grants $109K · Total revenue $348K
31%
Earned-income share
Program service revenue $95K · Total revenue $348K
27%
Investment reliance
Investment income $2K · Total revenue $348K
+0.6%
Program self-sufficiency
Program service revenue $95K · Total expenses $365K
26%
Growth & trend
Revenue growth (YoY)
This year $348K · Prior year $320K
+9%
Net-asset trend (YoY)
End of year $382K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $348K · Expenses $365K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $391K
—
Net-asset ratio
Net assets $382K · Total assets $391K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $391K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Holly Arnold Kinney · Reported title EXECUTIVE DI · Highest reported compensation $0 · Total expenses $365K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $104K · Total expenses $365K
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 75%——
Overhead ratio 21%——
Fundraising cost ratio 6%——
Revenue growth 9%——
Investment management fee ratio 0.3%——
Accounting fee ratio 4%——

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

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Chairman of
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Tesoro Foundation Holly a Kinney executive salaries →

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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Educates adults and children to value Colorado's heritage.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2023.
01

Demonstrations and teaching about the history of colorado.

Pt IX · col B

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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$8K
Grants paid · 1 grant · $146K · 2025–2025
Colorado Historical FoundationCO · FY2025$145,629

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $30K$184K-84% 990 PDF
FY2024 $184K$319K-47% 990 PDF
FY2023 Viewing $348K$365K+9% 990 PDF
FY2022 $320K$315K+19% 990 PDF
FY2021 $270K$281K+63% 990 PDF
FY2020 $165K$110K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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