Teleo University

Tax-deductible

Centennial, CO501(c)(3)Colleges & UniversitiesEIN 84-2888085

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to provide affordable accessible accredited education to pastors and leaders to finish the Great Commission by multiplying disciple makers

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 1 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $26K a year · 7% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30K
to officers and key staff · 11% of spending
Top officer’s pay lower than 78% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $88K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$356K
-2% vs prior year
Spent
$272K
To programs
75%
Net assets
$168K
By yearFY2022–FY2025
Revenue
$356K
FY2025▼ -2%
Revenue by fiscal year
FY2022$98K
FY2023$465K
FY2024$364K
FY2025$356K
Expenses
$272K
FY2025▼ -31%
Expenses by fiscal year
FY2022Not on file
FY2023$440K
FY2024$394K
FY2025$272K
Net assets
$168K
FY2025▲ +126%
Net assets by fiscal year
FY2022$94K
FY2023$120K
FY2024$74K
FY2025$168K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2020.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $204K Management & general 15% · $41K Fundraising 10% · $27K

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

6 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$29,600Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

David Durey’s $30K as President is at the 22nd percentile of top reported officer pay among 1613 $100K–1M education 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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023
Rick Ensrud—$92,716$83,692
David Durey$29,600$60,000$55,000
Jay Klopfenstein—$57,987$52,021
Ron Berget——$21,032
Joe Olachea—$17,885$16,796

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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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

Equips pastors and leaders with affordable, accredited education to multiply disciple makers.

Provided by the organization

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1 program service account for $204K of program spending, described in the organization's own filed words · FY2024.
01

Teleo university offers distance education studies and degrees that complement t-net international's rigorous training program. This distance education program provides unique learning and educational opportunities to nontraditional students, otherwise unable to obtain or seek such education due to financial and geographic barriers.

$204Kprogram 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 · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$88K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$356K
Ln 12
Gifts and grantsLn 1h$222K
Fees for servicesLn 2g$134K
Money outPt IX
$272K
Ln 25
Programscol B$204K
Managementcol C$41K
Fundraisingcol D$27K
Owns and owesPt X
$168K
net assets · Ln 32
Cash and savingsLn 1–2$142K
Total assetsLn 16$170K
LiabilitiesLn 26$2K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$222K
Fees for servicesLn 2g$134K
Total revenueLn 12$356K
Assets in detailPt X, end of year
CashLn 1$142K
Cash and savings togetherLn 1–2$142K
Total assetsLn 16$170K
LiabilitiesLn 26$2K
Net assetsLn 32$168K
OperationsPt I, VI
EmployeesI 510
VolunteersI 61
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$84K$142K
Total assetsLn 16$84K$170K
LiabilitiesLn 26$10K$2K
Net assetsLn 32$74K$168K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$30K$22K$4K$3K
Pay of disqualified personsLn 6$27K$20K$4K$3K
Other salaries and wagesLn 7$101K$76K$15K$10K
Other employee benefitsLn 9$2K$1K$254$169
Payroll taxesLn 10$3K$2K$378$252
Other fees for servicesLn 11g$6K$4K$839$560
Office expensesLn 13$10K$7K$1K$976
Information technologyLn 14$32K$24K$5K$3K
OccupancyLn 16$1K$1K$223$149
TravelLn 17$3K$2K$388$259
Conferences, conventions and meetingsLn 19$621$466$93$62
Depreciation, depletion and amortizationLn 22$5K$4K$785$524
Other expenses (24a–d)Ln 24$53K$40K$8K$5K
Total functional expensesLn 25$272K$204K$41K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $356K$272K$84K$168K 990 PDF
FY2024 $364K$394K−$30K$74K 990 PDF
FY2023 $465K$440K$26K$120K 990 PDF
FY2022 $98K$94K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $355,898 across 4 lines filed
VIII-1f All other contributions, gifts and grants$222,281
VIII-1h Total contributions, gifts and grants$222,281
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $133,617$133,617
VIII-12 Total revenueRelated to mission $133,617$355,898
Part IX · Statement of functional expenses $271,960 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $22,200 · Management $4,440 · Fundraising $2,960$29,600
IX-6 Pay of disqualified personsPrograms $19,913 · Management $3,982 · Fundraising $2,655$26,550
IX-7 Other salaries and wagesPrograms $75,903 · Management $15,181 · Fundraising $10,120$101,204
IX-9 Other employee benefitsPrograms $1,268 · Management $254 · Fundraising $169$1,691
IX-10 Payroll taxesPrograms $1,889 · Management $378 · Fundraising $252$2,519
IX-11g Other fees for servicesPrograms $4,196 · Management $839 · Fundraising $560$5,595
IX-13 Office expensesPrograms $7,316 · Management $1,463 · Fundraising $976$9,755
IX-14 Information technologyPrograms $24,282 · Management $4,856 · Fundraising $3,238$32,376
IX-16 OccupancyPrograms $1,116 · Management $223 · Fundraising $149$1,488
IX-17 TravelPrograms $1,939 · Management $388 · Fundraising $259$2,586
IX-19 Conferences, conventions and meetingsPrograms $466 · Management $93 · Fundraising $62$621
IX-22 Depreciation, depletion and amortizationPrograms $3,926 · Management $785 · Fundraising $524$5,235
IX-24 Other expenses (24a–d)Programs $39,557 · Management $7,912 · Fundraising $5,271$52,740
IX-25 Total functional expensesPrograms $203,971 · Management $40,794 · Fundraising $27,195$271,960
Part X · Balance sheet $169,813 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $83,855$141,928
X-4 Accounts receivableStart of year $20$27,885
X-16 Total assetsStart of year $83,875$169,813
X-17 Accounts payable and accrued expensesStart of year $9,633$2,000
X-26 Total liabilitiesStart of year $9,633$2,000
X-27 Net assets without donor restrictionsStart of year $74,242$167,813
X-32 Total net assets or fund balancesStart of year $74,242$167,813
X-33 Total liabilities and net assetsStart of year $83,875$169,813
Part XI · Reconciliation of net assets $167,813 net assets at year end
XI-1 Total revenue$355,898
XI-2 Total expenses$271,960
XI-3 Revenue less expenses$83,938
XI-4 Net assets at start of year$74,242
XI-8 Prior period adjustments$9,633
XI-10 Net assets at end of year$167,813

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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