2015-10-12T09:47:02-05:00 2014-12-31 840803727 REESE HENRY & COMPANY INC 400 EAST MAIN STREET SUITE 2 ASPEN CO 81611 990 2014-01-01 841530768 TELLURIDE FOUNDATION TELL 9707288717 PO BOX 4222 TELLURIDE CO 81435 PAUL MAJOR PRESIDENT & CEO 9707288717 2015-10-09 1 DENISE JURGENS CPA P00087338 9709253771 2014 2016-02-25 16:41:14Z PAUL MAJOR PO BOX 4222 TELLURIDE CO 81435 4042986 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 31 3 7 0 0 3116954 3721929 49771 71511 332366 249546 15833 0 3514924 4042986 1218346 1426168 0 0 392077 386325 0 0 287022 826038 1120418 2436461 2932911 1078463 1110075 9972896 10631826 1795249 1707428 8177647 8924398 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 1426168 1426168 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. 969012 71511 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 350 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. 2395180 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 25 0 3 0 0 0 0 0 0 0 0 0 X 31 31 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 BRIDGITT EVANS CHAIR 1.00 X X 0 0 0 TULLY FRIEDMAN VICE CHAIR 1.00 X X 0 0 0 JESSE JOHNSON SECRETARY 1.00 X 0 0 0 JOANNE CORZINE-BROWN DIRECTOR 1.00 X 0 0 0 MIKE ARMSTRONG DIRECTOR 1.00 X 0 0 0 RICHARD BETTS DIRECTOR 1.00 2.00 X 0 0 0 DAN JANSEN DIRECTOR 1.00 X 0 0 0 DAVIS FANSLER DIRECTOR 1.00 X 0 0 0 ANNE ANDREW DIRECTOR 1.00 X 0 0 0 BUNNY FREIDUS DIRECTOR 1.00 X X 0 0 0 KEVIN HOLBROOK DIRECTOR 1.00 X 0 0 0 ANDREW KAROW TREASURER 1.00 X X 0 0 0 ED BARLOW DIRECTOR 1.00 X 0 0 0 SUSAN SAINT JAMES DIRECTOR 1.00 X 0 0 0 DAN TISHMAN DIRECTOR 1.00 X 0 0 0 EDWARD SHERIDAN DIRECTOR 1.00 X 0 0 0 MIKE PLANK DIRECTOR 1.00 X 0 0 0 KYLE SCHUMACHER DIRECTOR 1.00 X 0 0 0 BRIAN O'NEILL DIRECTOR 1.00 X 0 0 0 TRICIA MAXON DIRECTOR 1.00 X 0 0 0 CHUCK HORNING DIRECTOR 1.00 X 0 0 0 J TOMILSON HILL DIRECTOR 1.00 X 0 0 0 RON ALLRED DIRECTOR 1.00 X 0 0 0 MARK DALTON CO-CHAIR 1.00 X 0 0 0 CAROL ARMSTRONG DIRECTOR 1.00 X 0 0 0 LYNN BECK DIRECTOR 1.00 X 0 0 0 HARMON BROWN DIRECTOR 1.00 X 0 0 0 ELAINE FISCHER DIRECTOR 1.00 X 0 0 0 STU FRASIER DIRECTOR 1.00 X 0 0 0 ALLAN GERSTLE DIRECTOR 1.00 X 0 0 0 MELANIE MONTOYA DIRECTOR 1.00 X 0 0 0 PAUL MAJOR PRESIDENT & CEO 40.00 2.00 X 172500 0 28916 172500 0 28916 1 0 1 0 0 368062 3353867 217373 3721929 FUND MANAGEMENT FEES 900099 44810 44810 PROGRAM FEES 900099 14823 14823 SPECIAL EVENTS 900099 11878 11878 71511 249546 249546 4042986 71511 0 249546 X 1356116 1356116 70052 70052 172500 120750 17250 34500 113246 92324 2940 17982 9165 7016 665 1484 71214 54519 5166 11529 20200 15048 1426 3726 4999 4999 50336 40269 7550 2517 40256 36230 4026 425974 347406 78196 372 2376 2376 23486 18361 1834 3291 19270 16627 959 1684 89406 87124 571 1711 25217 22315 1114 1788 4183 3223 348 612 29485 18436 5095 5954 4809 1181 3136 492 IN KIND 135063 135063 BAD DEBT EXPENSE 112648 112648 SPECIAL EVENTS 55319 55319 SUPPLIES 31316 30947 134 235 66275 54860 2652 8763 2932911 2395180 250709 287022 2380624 2197370 2961987 3192625 30174 92743 75000 28093 26969 633456 138067 467213 495389 4029805 4626730 9972896 10631826 56065 116654 1059746 1115076 425279 466417 254159 9281 1795249 1707428 X 5200171 5347697 2977476 3576701 8177647 8924398 9972896 10631826 X 1110075 -213324 -150000 X 0 1 X 1 1 1 X 3680535 2528587 3120755 3116954 3721929 16168760 3680535 2528587 3120755 3116954 3721929 16168760 716807 15451953 90620 142112 217511 309239 249546 1009028 17177788 149924 0.89950 0.93610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19 911625 2451364 1 1 0 1 X 514784 80843 433941 52000 52000 66672 57224 9448 495389 X 4033986 0 4033986 9000 9000 4042986 2911304 0 2911304 21607 21607 2932911 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, 2014 AND 2013. 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 9,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS PAID TO SUPPORTED ORGANIZATION 21,607. 1 7TH JUDICIAL DISTRICT CHILD ADVOCACY CENTER 735 S 1ST STREET MONTROSE CO 81401 841546403 501(C)(3) 18149 OPERATIONS AH HAA SCHOL FOR THE ARTS PO BOX 1590 TELLURIDE CO 81435 232594045 501(C)(3) 23000 OPERATIONS ANGEL BASKETS INC PMB22000 PO BOX 180 TELLURIDE CO 81435 900186107 501(C)(3) 10697 OPERATIONS ANIMAL HUMANE SOCIETY OF OURAY COUNTY INC PO BOX 2096 OURAY CO 81432 841266231 501(C)(3) 23452 OPERATIONS BRIGHT FUTURES PO BOX 4216 TELLURIDE CO 81435 202169766 501(C)(3) 23006 OPERATIONS COLORADO WATER TRUST 1420 OGDEN STREET DENVER CO 80218 841606567 501(C)(3) 5900 OPERATIONS THE DZI FOUNDATION PO BOX 632 RIDGWAY CO 81432 841595852 501(C)(3) 10000 OPERATIONS ECOACTION PARTNERS PO BOX 1625 TELLURIDE CO 81435 364601622 501(C)(3) 5413 OPERATIONS FRIENDS OF THE WRIGHT OPERA HOUSE PO BOX 17 OURAY CO 81427 262039839 501(C)(3) 6000 OPERATIONS HAVEN HOUSE OF MONTROSE PO BOX 752 RIDEGWAY CO 81432 273747144 501(C)(3) 5403 OPERATIONS HILLTOP HEALTH SERVICES CORP 540 S 1ST ST MONTROSE CO 81401 742321009 501(C)(3) 7500 OPERATIONS MIDWESTERN COLORADO MENTAL HEALTH CENTER PO BOX 1208 MONTROSE CO 81402 840561224 501(C)(3) 18000 OPERATIONS MONTROSE COUNTY HEALTH AND HUMAN SERVICES 1845 S TOWNSEND AVE MONTROSE CO 81401 846000787 COUNTY GOVERNMENT 9000 OPERATIONS MONTROSE REGIONAL LIBRARY DISTRICT 320 S 2ND ST MONTROSE CO 81401 840589996 GOVERNMENT 9000 OPERATIONS MOUNTAIN MUNCHKINS DAY CARE 455 MOUNTAIN VILLAGE BOULEVARD STE A TELLURIDE CO 81435 841299345 501(C)(3) 30748 OPERATIONS MOUNTAIN SPROUTS PRESCHOOL INC PO BOX 1942 TELLURIDE CO 81435 841606568 501(C)(3) 11155 OPERATIONS MOUNTAIN STUDIES INSTITUTE PO BOX 426 TELLURIDE CO 81435 731644103 501(C)(3) 6821 OPERATIONS MOUNTAINFILM LTD PO BOX 1088 TELLURIDE CO 81435 841271056 501(C)(3) 96813 OPERATIONS NATIONAL FILM PRESERVE 800 JONES ST BERKLEY CO 94710 237426302 501(C)(3) 30900 OPERATIONS NORWOOD SCHOOL DISTRICT PO BOX 448 NORWOOD CO 81423 846013944 SCHOOL 14000 OPERATIONS OBERLIN COLLEGE 50 WEST LORAIN STREET OBERLIN OH 44074 340714363 UNIVERSITY 7500 OPERATIONS OURAY COUNTY NEIGHBOR TO NEIGHBOR PO BOX 463 OURAY CO 81427 742213169 501(C)(3) 6000 OPERATIONS OURAY COUNTRY SCHOOLS COMMUNITY RESOURCE PO BOX 709 RIDEGWAY CO 81432 841453650 501(C)(3) 13807 OPERATIONS PALM ARTS INC 721 W COLORADO AVENUE TELLURIDE CO 81435 270962251 501(C)(3) 10000 OPERATIONS PARADOX VALLEY SCHOOL PO BOX 420 PARADOX CO 81429 841595429 501(C)(3) 9500 PROJECTS AND OPERATIONS THE PINHEAD INSTITUTE INC PO BOX 2905 TELLURIDE CO 81435 841605984 501(C)(3) 46446 OPERATIONS RAINBOW SCHOOL AND DAYCARE CENTER INC PO BOX 1127 TELLURIDE CO 81435 840747586 501(C)(3) 30279 OPERATIONS REGION 10 300 NORTH CASCADE SUITE 1 MONTROSE CO 81401 840631483 501(C)(3) 55000 OPERATIONS RIDGWAY SCHOOL DISTRICT R-2 1115 S CLINTON ST RIDEGWAY CO 81432 846006275 SCHOOL 6000 OPERATIONS RIMROCKER HISTORICAL SOC OF WESTERN MONTROSE PO BOX 913 NUCLA CO 81424 840709898 501(C)(3) 6667 OPERATIONS SAN JUAN FIELD SCHOOL PO BOX 3726 TELLURIDE CO 81435 841588210 501(C)(3) 6000 OPERATIONS SAN MIGUEL EDUCATIONAL FUND PO BOX 1069 TELLURIDE CO 81435 237317485 501(C)(3) 28571 OPERATIONS SAN MIGUEL MENTORING PROGRAM PO BOX 1574 TELLURIDE CO 81435 841502625 501(C)(3) 53374 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 501(C)(3) 64973 OPERATIONS SHERIDAN ARTS FOUNDATION PO BOX 2680 TELLURIDE CO 81435 841166423 501(C)(3) 26701 OPERATIONS SPARKY PRODUCTIONS PO BOX 2096 TELLURIDE CO 81435 841488404 501(C)(3) 8203 OPERATIONS TELLURIDE ACADEMY PO BOX 2255 TELLURIDE CO 81435 840945670 501(C)(3) 28521 OPERATIONS TELLURIDE ADAPTIVE SKI PROGRAM PO BOX 2254 TELLURIDE CO 81435 841337870 501(C)(3) 62547 OPERATIONS TELLURIDE AIDS BENEFIT INC PO BOX 3819 TELLURIDE CO 81435 841553698 501(C)(3) 5500 OPERATIONS TELLURIDE ARTS PO BOX 152 TELLURIDE CO 81435 840712952 501(C)(3) 28269 OPERATIONS TELLURIDE CHAMBER MUSIC ASSOCIATION PO BOX 115 TELLURIDE CO 81435 742319709 501(C)(3) 6000 OPERATIONS TELLURIDE CHORAL SOCIETY PO BOX 727 TELLURIDE CO 81435 841330825 501(C)(3) 12339 OPERATIONS TELLURIDE COMMUNITY TELEVISION PO BOX 1521 TELLURIDE CO 81435 841128348 501(C)(3) 8511 OPERATIONS TELLURIDE EARLY CHILDHOOD CENTER 721 WEST COLORADO AVENUE TELLURIDE CO 81435 846001946 501(C)(3) 20000 OPERATIONS TELLURIDE EDUCATION FOUNDATION DBA AS R-1 PO BOX 3548 TELLURIDE CO 81435 841251006 501(C)(3) 17000 OPERATIONS TELLURIDE HISTORICAL MUSEUM PO BOX 1597 TELLURIDE CO 81435 841034023 501(C)(3) 14610 OPERATIONS TELLURIDE MEDICAL CENTER FOUNDATION PO BOX 1229 TELLURIDE CO 81435 263556757 501(C)(3) 6449 OPERATIONS TELLURIDE MOUNTAIN CLUB PO BOX 1201 TELLURIDE CO 81435 841465370 501(C)(3) 10000 OPERATIONS TELLURIDE MOUNTAIN SCHOOL 200 SAN MIGUEL RIVER TELLURIDE CO 81435 841481180 501(C)(3) 8954 OPERATIONS TELLURIDE NORDIC ASSOCIATION PO BOX 1784 TELLURIDE CO 81435 841156121 501(C)(3) 12743 OPERATIONS TELLURIDE PRESCHOOL INC PO BOX 717 TELLURIDE CO 81435 841207351 501(C)(3) 13729 OPERATIONS TELLURIDE R-1 SCHOOL DISTRICT 725 W COLORADO AVE TELLURIDE CO 81435 980292700 SCHOOL 17500 OPERATIONS TELLURIDE SKI & SNOWBOARD CLUB PO BOX 2824 TELLURIDE CO 81435 841152879 501(C)(3) 49064 PROJECTS AND OPERATIONS TELLURIDE SOCIETY FOR JAZZ PO BOX 2132 TELLURIDE CO 81435 841171778 501(C)(3) 12617 OPERATIONS TELLURIDE THEATRE PO BOX 2469 TELLURIDE CO 81435 841153491 501(C)(3) 35097 OPERATIONS TELLURIDE YOUTH SOCCER CLUB PO BOX 1799 TELLURIDE CO 81435 841569268 501(C)(3) 7796 OPERATIONS TELLURIDE VOLUNTEER FIRE DEPT PO BOX 1602 TELLURIDE CO 81435 841074769 LOCAL GOVERNMENT 5500 OPERATIONS TODDLER TOWN OF TELLURIDE INC PO BOX 4204 TELLURIDE CO 81435 263684506 501(C)(3) 10363 OPERATIONS TRI-COUNTY HEALTH NETWORK PO BOX 4222 TELLURIDE CO 81435 841530768 501(C)(3) 21607 OPERATIONS UNCOMPAHGRE COMBINED CLINICS DBA UNCOMPAHGRE MEDICAL CENTER PO BOX 280 NORWOOD CO 81423 841071822 501(C)(3) 20000 OPERATIONS WEEHAWKEN CREATIVE ARTS PO BOX 734 RIDEGWAY CO 81432 753145854 501(C)(3) 25345 OPERATIONS WATERSHED EDUCATION PROGRAM PO BOX 1770 TELLURIDE CO 81435 840964478 501(C)(3) 7500 OPERATIONS WEST END FAMILY LINK PO BOX 602 NUCLA CO 81424 841611156 501(C)(3) 10000 OPERATIONS THE WRIGHT STUFF COMMUNITY FOUNDATION PO BOX 340 TELLURIDE CO 81435 841452620 501(C)(3) 41171 OPERATIONS SCHOLARSHIPS 13 38559 HUMAN SERVICES - ENERGY OUTREACH 31 10318 HUMAN SERVICES - GOOD NEIGHBOR 11 21175 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 172500 0 0 0 0 0 5175 0 23741 0 201416 0 0 0 X 8 82310 CASH PROCEEDS X SKI PASSES 16 135063 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 347,406. MANAGEMENT AND GENERAL EXPENSES 78,196. FUNDRAISING EXPENSES 372. TOTAL EXPENSES 425,974. FORM 990, PART XI, LINE 9: TVA INVESTMENTS -150,000. 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, 2014 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 21607 COST TRI-COUNTY HEALTH NETWORK Q 82628 COST TRI-COUNTY HEALTH NETWORK S 218469 PASS-THRU GRANTS