RTL Foundation

Nonprofit profile at a glance

EIN
863151075
IRS 990 coverage
2023–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-EZ 2022, Form 990-N 2021
Location
Denver, CO, USA
Phone
3034724537
Rating
45
Verdict
MIXED
Rating confidence
Moderate
Sector
Education N.E.C.

Official website

Reported finances

Revenue
$242,505
Expenses
$407,254
Assets
$71,632
Liabilities
$222,166

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Jhon Londono (Executive Director)

Highest reported compensation

  • Jhon Londono (Executive Director): $53,574 total reported compensation
  • Miguel Valdez (Program Manager): $30,069 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The RTL Foundation is dedicated to empowering historically underserved communities by providing education and support in technology, history, and entrepreneurship. Wells Fargo Bank has generously granted the RTL Foundation with a six figure, 3-year gift to support our mission! Doors Open 2023. The RTL Foundation is committed to empowering historically underserved communities by providing education and support in Technology, History, and Entrepreneurship. {"cpt":"service","style":"5","columns":"3","show":9,"order":"DESC","orderby":"none"} 01. RTL Foundation is dedicated to empowering historically underserved communities by providing education and support in technology, history, and entrepreneurship. 2900 Welton St, Denver, CO 80205 Facebook-f Youtube.

What it reported doing in 2024

Entrepreneurship In 2024, the RTL Foundation identified multiple nonprofits for the inaugrual cohort of its BIPOC Nonprofit Development Center (BNDC). The board then led a selction process to narrow this list, ultimately choosing 24 nonprofit organizations to join the BNDC. For this first cohort, we delivered a series of trainings, workshops, networking events, and seminars throughout the year, conducted by organizations that the RTL Foundation either procured or partnered with to support our participants.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 35
  • Transparency & Controls: 86
  • Accountability: 0
  • Sustainability: 4
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.7%; rating input score 41
  • Program expense ratio: 24.2%; rating input score 24
  • Fundraising efficiency: $10.2 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 0 of 8 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -67.9%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.18; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 3.1; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 142.1% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 36.8% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 150% per year; rating input score 100; 100th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site
  • Where the money goes: 40.7% of revenue deployed · 24.2% of spending went to programs
  • Governance: 0 of 6 board members independent · 0 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $147K in reported program spending
  • Leadership: top reported pay $54K · 8 people listed
  • Consistency: 20 of 21 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 24/100.
  • High — Accountability: Governance controls: 7 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.