Telluride Foundation
Nonprofit profile at a glance
- EIN
- 841530768
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Telluride, CO, USA
- Phone
- 9707288717
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Olympics
Reported finances
- Revenue
- $6,942,077
- Expenses
- $5,805,520
- Assets
- $18,620,405
- Liabilities
- $2,833,459
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- JASON CORZINE (PRESIDENT & CEO)
Highest reported compensation
- JASON CORZINE (PRESIDENT & CEO): $273,303 total reported compensation
- ELAINE DEMAS (EMPLOYEE): $168,032 total reported compensation
- APRIL MONTGOMERY (EMPLOYEE): $165,760 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 telluride foundation (the foundation) is committed to preserving and enriching the quality of life of the residents, visitors and workforce of the telluride region. The foundation does this by providing leadership in philanthropy, strengthening community groups, serving as a responsible steward for entrusted funds, and supporting activities that celebrate community.
What it reported doing in 2024
Grants and assistance programs - community and special initiative grants funded by unrestricted and restricted gifts from generous donors, the foundation has awarded over $90 million since its inception in 2000. Annually the community grants program awards approximately $1.2 million through a competitive grants program to eligible 501(c)(3) nonprofits that serve the people of san miguel, ouray, and western montrose counties. The community grants are decided by a volunteer board member grants committee.
Operating model
- Revenue model
- Donor-supported. 87% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 67% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.2%; rating input score 71
- Program expense ratio: 83.3%; rating input score 83
- Fundraising efficiency: $14.25 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 85.8%; rating input score 86; 23rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.4%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 3.21; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 12.8%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: 6.5% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 5% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 71.2% of revenue deployed · 83.3% of spending went to programs
- Governance: 29 of 29 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $4.8M in reported program spending
- Leadership: top reported pay $273K · 33 people listed · 3 of 6 pay-setting controls reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 79 filed money-flow records
- Related organizations: 66 filed related-organization links
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
- High — Sustainability: Officer compensation ratio scored 23/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.