2016-09-07T09:23:03-05:00 2015-12-31 840803727 Reese Henry & Company Inc 400 East Main St Suite 2 Aspen CO 81611 990 2015-01-01 841530768 TELLURIDE FOUNDATION TELL 9707288717 PO Box 4222 Telluride CO 81435 PAUL MAJOR PRESIDENT & CEO 9707288717 2016-09-06 1 Denise Jurgens CPA P00087338 9709253771 2015 2016-12-15 16:53:06Z PAUL MAJOR PO Box 4222 Telluride CO 81435 3839242 0 X www.telluridefoundation.org/ X 2000 CO TO IMPROVE THE QUALITY OF LIFE FOR THE PEOPLE THAT LIVE, WORK AND VISIT THE TELLURIDE REGION. 31 30 6 7 0 0 3721929 3402015 71511 234459 249546 202372 0 0 4042986 3838846 1426168 1459144 0 0 386325 568670 0 0 328059 1120418 1099431 2932911 3127245 1110075 711601 10631826 10980857 1707428 1731827 8924398 9249030 X 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 0 0 1459144 1459144 Grants and Assistance programs - community and special initiative grants funded by unrestricted gifts from generous donors, the foundation has awarded over $25 million since its inception in 2000 annually the community grants program awards over $1 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 specials initiatives grants can be awarded twice annually they are board of directors sponsored initiatives for large highly leveraged collaborations or multi-year projects and are decided by the board of directors. 1195983 234459 EDUCATION AND CONSULTING - THE FOUNDATION CONDUCTS WORKSHOPS AND TECHNICAL ASSISTANCE FOR NONPROFITS TO INCREASE THEIR CAPACITY, CAPABILITIES, EFFICIENCY AND EFFECTIVENESS. SINCE THE FOUNDATION'S INCEPTION, IT HAS PROVIDED OVER 475 HOURS OF FREE OR SUBSIDIZED WORKSHOPS AND TECHNICAL ASSISTANCE TO REGIONAL NONPROFITS THE FOUNDATION WORKS DIRECTLY WITH DONORS AND PROSPECTS TO PROVIDE PROGRAMS ON PHILANTHROPY AND PROGRAM ISSUES AND CONDUCT RESEARCH INTO RELEVANT EMERGING ISSUES. 2655127 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 22 0 6 0 0 0 0 0 0 0 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X X X PAUL MAJOR 9707288717 PO BOX 4222 TELLURIDE CO 81435 ANDREW KAROW TREASURER 1.00 X X 0 0 0 ANNE ANDREW DIRECTOR 1.00 X 0 0 0 BRIAN O'NEILL DIRECTOR 1.00 X 0 0 0 BRIDGITT EVANS CHAIR 1.00 X X 0 0 0 BUNNY FREIDUS DIRECTOR 1.00 X 0 0 0 CAROL ARMSTRONG DIRECTOR 1.00 X 0 0 0 CHUCK HORNING DIRECTOR 1.00 X 0 0 0 DAN JANSEN DIRECTOR 1.00 X 0 0 0 DAN TISHMAN DIRECTOR 1.00 X 0 0 0 DAVIS FANSLER VICE CHAIR 1.00 X 0 0 0 ED BARLOW DIRECTOR 1.00 X 0 0 0 EDWARD SHERIDAN DIRECTOR 1.00 X 0 0 0 KAREN CONWAY DIRECTOR 1.00 X 0 0 0 J TOMILSON HILL DIRECTOR 1.00 X 0 0 0 JESSE JOHNSON SECRETARY 1.00 X X 0 0 0 JOANNE CORZINE-BROWN DIRECTOR 1.00 X 0 0 0 KEVIN HOLBROOK DIRECTOR 1.00 X 0 0 0 SEAN MURPHY DIRECTOR 1.00 X 0 0 0 LYNN BECK DIRECTOR 1.00 X 0 0 0 MARK DALTON DIRECTOR 1.00 X 0 0 0 MEGAN MCMANEMIN DIRECTOR 1.00 X 0 0 0 MIKE ARMSTRONG DIRECTOR 1.00 X 0 0 0 JOAN MAY DIRECTOR 1.00 X 0 0 0 RICHARD BETTS DIRECTOR 1.00 2.00 X 0 0 0 RON ALLRED DIRECTOR 1.00 X 0 0 0 GEORGE GLASIER DIRECTOR 1.00 X 0 0 0 SUSAN SAINT JAMES DIRECTOR 1.00 X 0 0 0 TRICIA MAXON DIRECTOR 1.00 X 0 0 0 TULLY FRIEDMAN VICE CHAIR 1.00 X X 0 0 0 MIKE PLANK DIRECTOR 1.00 X 0 0 0 PAUL MAJOR PRESIDENT & CEO 40.00 2.00 X 185800 0 30134 185800 0 30134 1 0 1 0 0 358152 3043863 144374 3402015 PROGRAM FEES 900099 116999 116999 GRANT REIMBURSEMENTS 900099 49586 49586 FUND MANAGEMENT FEES 900099 45077 45077 SPECIAL EVENTS 900099 22797 22797 234459 202768 202768 396 -396 -396 -396 3838846 234459 0 202372 X 1403574 1403574 55570 55570 185800 143785 23435 18580 249497 209621 39876 10527 8546 1414 567 90679 73620 4034 13025 32167 26115 1732 4320 10716 8177 2539 44342 35474 6651 2217 40940 36846 4094 317360 286376 30984 1915 1915 37918 31856 1978 4084 65698 62257 1132 2309 64891 60687 1051 3153 53290 49423 1242 2625 163 132 10 21 87691 79931 3880 3880 5762 5762 IN KIND 169374 169374 Special Events 56438 730 55708 BAD DEBT EXPENSE 51344 51344 Supplies 25374 24343 339 692 66215 56149 2438 7628 3127245 2655127 144059 328059 2197370 2414833 3192625 2933909 92743 147194 198780 26969 20434 721460 225760 495389 495700 4626730 4770007 10631826 10980857 116654 95582 1115076 1127597 466417 488656 9281 19992 1707428 1731827 X 5347697 5523923 3576701 3725107 8924398 9249030 10631826 10980857 X 711601 -258052 -3917 -125000 X 0 1 X 1 1 1 X 2528587 3120755 3116954 3721929 3402015 15890240 2528587 3120755 3116954 3721929 3402015 15890240 1246791 14643449 142112 217511 309239 249546 202768 1121176 17011416 307221 0.86080 0.89950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15 396577 2317215 1 1 0 1 X 514784 93606 421178 97675 65117 32558 109001 67037 41964 495700 X 3833846 0 3833846 5000 5000 3838846 3090675 0 3090675 36570 36570 3127245 Part IV, Line 2b: THE FOUNDATION IS THE RECIPIENT OF FUNDS FROM TWO UNAFFILIATED NONPROFIT ORGANIZATIONS WHEREBY THE FOUNDATION HAS AGREED TO MAINTAIN A FUND ON BEHALF OF BOTH ORGANIZATIONS FOR AN ADMINISTRATIVE FEE RANGING BETWEEN 0.75% AND 1.00% PER YEAR. THE AMOUNTS RECEIVED AND DISBURSED BY THE FOUNDATION FOR THESE FUNDS ARE NOT CONSIDERED REVENUE AND EXPENSES OF THE FOUNDATION AS THE UNAFFILIATED ORGANIZATIONS RETAIN THE EXCLUSIVE RIGHT TO DETERMINE THE EXPENDITURES. THE BALANCES OF FUNDS RECEIVED BY THE FOUNDATION BUT NOT DISBURSED ARE REFLECTED AS AGENCY PAYABLES IN THE ACCOMPANYTING CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. INCOME EARNED ON THE FUNDS RECEIVED AND HELD BY THE FOUNDATION IS RECORDED AS AN INCREASE TO THE AGENCY PAYABLE Part X, Line 2: THE FOUNDATION REVIEWS AND ASSESSES ALL ACTIVITIES ANNUALLY TO IDENTIFY ANY CHANGES IN THE SCOPE OF THE ACTIVITIES AND REVENUE SOURCES AND THE TAX TREATMENT THEREOF TO IDENTIFY ANY UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014. MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION OR DISCLOSURE IN THESE CONSOLIDATED FINANCIAL STATEMENTS. Part XI, Line 4b - Other Adjustments: PAYMENTS FOR SERVICES FROM SUPPORTED ORGANIZATION 5,000. Part XII, Line 4b - Other Adjustments: GRANTS PAID TO SUPPORTED ORGANIZATION 36,570. 1 7th Judicial District Child Advocacy Center 735 S 1st Street Montrose CO 81401 841546403 501c3 12053 Operations Angel Baskets PMB22000 Box 180 Telluride CO 81435 900186107 501c3 7310 Operations Animal Humane Society of Ouray County Inc PO Box 2096 Ridgway CO 81432 841266231 501c3 7065 Operations Basin Clinic PO Box 340 Naturita CO 81422 840820573 501c3 12500 Operations Bright Futures PO Box 4216 Telluride CO 81435 202169766 501c3 42000 Operations CASA of the Seventh Judicial District PO Box 1708 Montrose CO 81402 841546403 501c3 7677 Operations Colorado Avalanch Information Center 325 Broadway WS1 Boulder CO 80305 840644739 501c3 5011 Operations Conservation Colorado Education Fund 1536 Wynkoop Street Denver CO 80202 840614285 501c3 20000 Operations The dZi Foundation PO Box 632 Ridgway CO 81432 841595852 501c3 10000 Operations Harvard TH Chan School for Public Health PO Box 15677 Boston MA 02115 530199180 501c3 10000 Operations Haven House of Montrose PO Box 752 Ridgway CO 81432 273747144 501c3 12095 Operations Hilltop Health Services Corporation 540 S 1st Street Montrose CO 81401 742321009 501c3 7500 Operations Hispanic Affairs Project 300 N Cascade Ave Suite C-4 Montrose CO 81401 271276653 501c3 9000 Operations Just for Kids Foundation PO Box 308 Telluride CO 81435 841560982 501c3 10000 Operations Midwestern Colorado Mental Health Center Inc PO Box 1208 Montrose CO 81402 840561224 501c3 15000 Operations Mountain Munchkins Day Care 455 Mountain Village Blvd Ste A Telluride CO 81435 841299345 501c3 30415 Operations Mountain Sprouts Preschool Inc PO Box 1942 Telluride CO 81435 841606568 501c3 11517 Operations Mountainfilm Ltd PO Box 1088 Telluride CO 81435 841271056 501c3 32062 Operations Norwood School District PO Box 448 Norwood CO 81423 846013944 School 7000 Operations Ouray County Food Pantry P O Box 903 Ridgway CO 81432 455053267 501c3 8981 Operations Ouray County Performing Arts Guild PO Box 14 Ouray CO 81427 742362156 501c3 5730 Operations Ouray County Schools Community Resource Consortium PO Box 709 Ridgway CO 81432 841453650 501c3 15106 Operations Paradox Valley School PO Box 420 Paradox CO 81429 841595429 501c3 41150 Projects and Operations The Pinhead Institute Inc PO Box 2905 Telluride CO 81435 841605984 501c3 29302 Operations Planned Parenthood of the Rocky Mountains 7155 E 38th Ave Denver CO 80207 840404253 501c3 10000 Operations Program for Preserving the Natural World PO Box 230287 Boston MA 02123 461864221 501c3 10000 Operations Project Avery PO Box 150088 San Rafael CA 94915 680433289 501c3 25000 Operations Rainbow School And Day Care Center Inc PO Box 1127 Telluride CO 81435 840747586 501c3 31085 Operations Region 10 Economic Assistance & Planning 300 N Cascade Suite 1 Montrose CO 81401 840631483 501c3 62000 Operations Ridgway School District R-2 1115 South Clinton Street Ridgway CO 81432 846006275 School 7000 Operations Rimrocker Historical Society Of Western Montrose County Inc PO Box 913 Nucla CO 81424 840709898 501c3 6500 Operations San Miguel Educational Fund PO Box 1069 Telluride CO 81435 237317485 501c3 33177 Operations San Miguel Mentoring Program PO Box 1574 Telluride CO 81435 841502625 501c3 63293 Operations San Miguel and Ouray Counties Juvenile Diversion Program PO Box 1068 Telluride CO 81435 846000806 Local Government 10000 Operations San Miguel Resource Center PO Box 3243 Telluride CO 81435 841248457 501c3 46565 Operations San Miguel Watershed Coalition PO Box 1601 Telluride CO 81435 841500508 501c3 10000 Operations Sheridan Arts Foundation PO Box 2680 Telluride CO 81435 841166423 501c3 26756 Operations Sparky Productions PO Box 2096 Telluride CO 81435 841488404 501c3 6970 Operations Telluride Academy PO Box 2255 Telluride CO 81435 840945670 501c3 28592 Operations Telluride Aids Benefit Inc PO Box 3819 Telluride CO 81435 841553698 501c3 13500 Operations Telluride Animal Foundation PO Box 2433 Telluride CO 81435 450839793 501c3 6179 Operations Telluride Avalanche Dogs PO Box 1581 Telluride CO 81435 455137415 501c3 7581 Operations Telluride Arts PO Box 152 Telluride CO 81435 840712952 501c3 37786 Operations Telluride Choral Society PO Box 727 Telluride CO 81435 841330825 501c3 7384 Operations Telluride Community Television PO Box 1521 Telluride CO 81435 841128348 501c3 10660 Operations Telluride Lizard Heads PO Box 1232 Telluride CO 81435 841090533 501c3 6000 Operations Telluride Medical Center Foundation PO Box 1229 Telluride CO 81435 263556757 501c3 5373 Operations Telluride Mountain Club PO Box 1201 Telluride CO 81435 841465370 501c3 10000 Operations Telluride Mountain School Inc 200 San Miguel River Telluride CO 81435 841481180 School 32326 Operations Telluride Nordic Association PO Box 1784 Telluride CO 81435 841156121 501c3 54850 Operations Telluride Preschool Inc PO Box 717 Telluride CO 81435 841207351 501c3 14251 Operations Telluride R1 School District 725 W Colorado Ave Telluride CO 81435 980292700 School 16000 Operations Telluride Ski And Snowboard Club Inc PO Box 2824 Telluride CO 81435 841152879 501c3 57622 Projects and Operations Telluride Society For Jazz PO Box 2132 Telluride CO 81435 841171778 501c3 18053 Operations Telluride Theatre PO Box 2469 Telluride CO 81435 841153491 501c3 35629 Operations Telluride Youth Soccer Club PO Box 1799 Telluride CO 81435 841569268 501c3 13803 Operations Telluride Volunteer Fire Dept PO Box 1602 Telluride CO 81435 841074769 501c3 15000 Operations Top of the Pines PO Box 535 Ridgway CO 81432 841601734 501c3 5142 Operations Tri-County Health Network PO Box 4222 Telluride CO 81435 841530768 501c3 36570 Operations Trust for Public Land POB 743 555 W Clinton St Ridgway CO 81432 841523131 501c3 10000 Operations Watershed Education Program PO Box 1770 Telluride CO 81435 840964478 501c3 8628 Operations Weehawken Creative Arts & Ridgway Chautauqua Society (Jointly) PO Box 734 Ridgway CO 81432 753145854 501c3 32614 Operations West End Economic Development Corporation PO Box 645 Naturita CO 81422 901017957 501c3 27527 Operations West End Family Link PO Box 602 Nucla CO 81424 841611560 501c3 13218 Operations Wright Stuff Community Foundation PO Box 340 Telluride CO 81435 841452620 501c3 42278 Operations SCHOLARSHIPS 13 32758 HUMAN SERVICES - ENERGY OUTREACH 31 11308 HUMAN SERVICES - GOOD NEIGHBOR 11 11504 Part I, Line 2: AS RECOMMENDED BY THE COUNCIL ON FOUNDATIONS, THE FOUNDATION FOLLOWS BEST PRACTICES OF DUE DILIGENCE FOR GRANTEES BY 1) CHECKING CURRENT IRC SECTION CODE 501(C)(3) STATUS WITH THE IRS DATABASE, 2) CHECKING CURRENT COLORADO STATE "GOOD STANDING" STATUS, 3) REQUIRING DOCUMENTATION OF MISSION, BOARD OF DIRECTORS, CURRENT FINANCIAL AND AUDIT (IF AVAILABLE), AND 4) REQURING ALL GRANTEES TO REPORT BACK WITHIN 9 MONTHS OF FINANCIAL AND PROGRAM/PROJECT PERFORMANCE. X X X 0 0 0 0 0 0 0 0 0 PAUL MAJOR PRESIDENT & CEO 185800 0 0 0 0 0 5574 0 24560 0 215934 0 0 0 X 8 CASH PROCEEDS X SKI PASSES 16 124200 FAIR VALUE 0 0 0 Form 990, Part VI, Section B, line 11 THE FOUNDATION HIRES AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE FEDERAL FORM 990. UPON SUBMISSION, THE DRAFT FORM 990 IS REVIEWED AND APPROVED BY THE FOUNDATION'S AUDIT COMMITTEE MEMEBERS AND MANAGEMENT STAFF. ONCE APPROVED, THE FOUNDATION EMAILS A WEB LINK OF THE FEDERAL FORM 990 TO EACH BOARD MEMBER TO VIEW BEFORE THE FINAL COPY IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Section B, line 12c ON AN ANNUAL BASIS, THE FOUNDATION ASKS BOARD MEMBERS AND STAFF TO COMPLETE A DISCLOSURE FORM WHICH REQUIRES THEM TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. AFTER FULL DISCLOSURE, THE CONFLICTED FOUNDATION ASSOCIATE MAY BE PRESENT FOR DISCUSSION OF THE MATTER AT HIS OR HER DISCRETION. AN ASSOCIATE SHALL BE ALLOWED TO VOTE ON THE MATTER IF THE CONFLICT IS OF THE SAME DEGREE AS IF THE ASSOCIATE WERE A TRUSTEE OR MEMBER OF THE BOARD OF DIRECTORS OF A COPORATION WHICH WOULD BE ADVANTAGED OR DISADVANTAGED BY THE OUTCOME OF FOUNDATION ACTION OR INACTION. AN ASSOCIATE SHALL NOT VOTE ON THE MATTER IF THE ASSOCIATE'S PERSONAL FINANCIAL INTEREST WOULD BE ADVANTAGED OR DISADVANTAGED BY FOUNDATION ACTION OR INACTION. IN THE EVENT THERE IS A BREACH OF THIS POLICY OR ALLEGATION OF A BREACH BROUGHT BY A FOUNDATION ASSOCIATE, THE MATTER SHALL BE REVIEWED AND CONSIDERED BY THE EXECUTIVE COMMITTEE. IN ITS REVIEW OF THE MATTER, THE EXECUTIVE COMMITTEE SHALL DECIDE WHAT REMEDY, IF ANY, IS APPROPRIATE AND WHICH THE FOUNDATION SHALL IMPOSE. ANY PARTY TO THE MATTER MAY APPEAL THE DECISION OF THE EXECUTIVE COMMITTEE TO THE BOARD OF DIRECTORS, FOR REVIEW, CONSIDERATION AND FINAL DECISION BY THE BOARD OF DIRECTORS IN A PROCESS TO BE DETERMINED BY THE BOARD OF DIRECTORS, AND WHICH DECISION BY THE BOARD OF DIRECTORS SHALL BE FINAL. Form 990, Part VI, Section B, line 15 THE FOUNDATION CONDUCTED A COMPENSATION REVIEW IN 2013 WHICH INCLUDED THE FOLLOWING - A PERFORMANCE REVIEW SURVEY OF THE CEO WHICH WAS COMPLETED BY EVERY EXECUTIVE COMMITTEE MEMBER - A REVIEW OF THE PERFORMANCE SURVEY RESULTS WITH THE CEO BY THREE MEMBERS OF THE EXECUTIVE COMMITTEE (INCLUDING THE CO-CHAIRS AND TREASURER) - A COMPENSATION REVIEW FOLLOWING THE PERFORMANCE REVIEW WHICH WILL UTILIZE THE COMPARABLE COMPENSATION DATA FROM THE FOUNDATION INDUSTRY-WIDE 2013 COUNCIL ON FOUNDATION SALARY AND BENEFITS SURVEY - CEO PERFORMANCE AND COMPENSATION REVIEW WHICH WAS REPORTED BY THE EXECUTIVE COMMITTTEE TO THE ENTIRE BOARD OF DIRECTORS AT THE DECEMBER 2013 ANNUAL MEETING AND DOCUMENTED IN THE BOARD OF DIRECTORS MINUTES. Form 990, Part VI, Section C, line 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FEDERAL FORM 990, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON ITS WEBSITE AND/OR UPON REQUEST. THE FEDERAL FORM 990 CAN ALSO BE FOUND ON GUIDESTAR TO VIEW PREVIOUSLY FILED FEDERAL FORM 990. Form 990, Part IX, line 11g OTHER FEES: Program service expenses 286,376. Management and general expenses 30,984. Fundraising expenses 0. Total expenses 317,360. Form 990, Part XI, line 9: TVA Investments -125,000. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION TELLURIDE FOUNDATION PO BOX 4222 TELLURIDE, CO 81435 EMPLOYER IDENTIFICATION NUMBER: 84-1530768 FOR THE YEAR ENDING DECEMBER 31, 2015 TELLURIDE FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F) TRI-COUNTY HEALTH NETWORK PO BOX 4220 TELLURIDE CO 81435 274743848 HEALTH & HUMAN SERVICES CO 501(C)(3) Line 7 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 TRI-COUNTY HEALTH NETWORK B 36570 COST TRI-COUNTY HEALTH NETWORK Q 86566 COST TRI-COUNTY HEALTH NETWORK S 179041 PASS-THRU GRANTS