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Nonprofiteer
← TELLURIDE MOUNTAIN VILLAGE OWNERS ASSOCIATION

Form 990 for tax year 2024

Filed by TELLURIDE MOUNTAIN VILLAGE OWNERS ASSOCIATION.

Totals

Total revenue
$14,179,412
Total expenses
$11,656,522
Contributions and grants received
$2,000
Grants paid
$1,576,475
Program service revenue
$12,497,473
Investment income
$1,542,289
Other revenue
$137,650
Total assets, end of year
$78,790,250
Total liabilities, end of year
$2,763,271
Net assets or fund balances, end of year
$76,026,979
Program services expenses (Part IX)
$9,399,489
Management and general expenses
$2,257,033
Fundraising expenses
$0
Program service expenses (Part III)
$9,399,489

Program services were 80.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,000

  • 1g · Noncash contributions included above

    $2,000

  • 2a · Program service revenue: REAL ESTATE TRANSFER ASSESSMENT

    total $11,035,473 · related or exempt $11,035,473

  • 2b · Program service revenue: OWNER ASSESSMENTS

    total $1,384,935 · related or exempt $1,384,935

  • 2c · Program service revenue: GONDOLA

    total $66,296 · related or exempt $66,296

  • 2d · Program service revenue: DIAL-A-RIDE

    total $9,741 · related or exempt $9,741

  • 2e · Program service revenue: ROOF TILE

    total $1,028 · related or exempt $1,028

  • 3 · Investment income

    total $1,330,836 · excluded $1,330,836

  • 6a · Gross rents

    real property $452,795

  • 6b · Less rental expenses

    real property $317,275

  • 6c · Rental income or loss

    real property $135,520

  • 6d · Net rental income or loss

    total $135,520 · excluded $135,520

  • 7a · Gross sales of assets other than inventory

    securities $9,227,010

  • 7b · Less cost or other basis and sales expenses

    securities $9,015,557

  • 7c · Gain or loss

    securities $211,453

  • 7d · Net gain or loss

    total $211,453 · excluded $211,453

  • 11a · Other revenue: MISCELLAENOUS REVENUE

    total $2,130 · excluded $2,130

  • 11e · Other revenue, total

    $2,130

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,576,475 · program services $1,576,475

  • 5 · Compensation of officers, directors and key employees

    total $265,595 · program services $159,357 · management and general $106,238

  • 7 · Other salaries and wages

    total $316,190 · program services $189,714 · management and general $126,476

  • 8 · Pension plan contributions

    total $10,846 · program services $6,508 · management and general $4,338

  • 9 · Other employee benefits

    total $205,283 · program services $123,170 · management and general $82,113

  • 10 · Payroll taxes

    total $38,929 · program services $23,357 · management and general $15,572

  • 11b · Fees: legal

    total $416,499 · management and general $416,499

  • 11c · Fees: accounting

    total $54,934 · management and general $54,934

  • 11f · Fees: investment management

    total $221,739 · management and general $221,739

  • 11g · Fees: other

    total $236,159 · management and general $236,159

  • 12 · Advertising and promotion

    total $42,548 · management and general $42,548

  • 13 · Office expenses

    total $256,016 · management and general $256,016

  • 17 · Travel

    total $9,484 · management and general $9,484

  • 20 · Interest

    total $17,736 · management and general $17,736

  • 22 · Depreciation, depletion and amortization

    total $561,547 · program services $28,778 · management and general $532,769

  • 23 · Insurance

    total $115,276 · management and general $115,276

  • 24a · Other expenses: GONDOLA OPERATIONS

    total $5,275,215 · program services $5,275,215

  • 24b · Other expenses: DIAL-A-RIDE

    total $1,015,924 · program services $1,015,924

  • 24c · Other expenses: PROGRAMS AND EVENTS

    total $729,524 · program services $729,524

  • 24d · Other expenses: GONDOLA MAJOR REPAIRS

    total $268,102 · program services $268,102

  • 24e · All other expenses

    total $22,501 · program services $3,365 · management and general $19,136

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,635 · end of year $25,276

  • 2 · Savings and temporary cash investments

    beginning of year $10,940,155 · end of year $7,922,763

  • 4 · Accounts receivable

    beginning of year $310,255 · end of year $167,893

  • 8 · Inventories for sale or use

    beginning of year $1,028

  • 9 · Prepaid expenses and deferred charges

    beginning of year $139,226 · end of year $112,207

  • 10a · Land, buildings and equipment: cost or other basis

    $12,931,993

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,721,042

  • 10c · Land, buildings and equipment, net

    beginning of year $7,732,453 · end of year $7,210,951

  • 11 · Investments: publicly traded securities

    beginning of year $44,205,061 · end of year $53,016,927

  • 15 · Other assets

    beginning of year $10,302,277 · end of year $10,334,233

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,059,250 · end of year $2,424,544

  • 25 · Other liabilities

    beginning of year $381,589 · end of year $338,727

  • 27 · Net assets without donor restrictions

    beginning of year $71,301,251 · end of year $76,026,979

Mission and programs · 2024

Mission

TO PROMOTE THE HEALTH, SAFETY, AND WELFARE OF ALL MEMBERS OF TELLURIDE MOUNTAIN VILLAGE OWNERS ASSOCIATION (TMVOA) AND THE COMMUNITY; TO ESTABLISH, PROVIDE, AND MAINTAIN A DESIRABLE COMMUNITY AND ENVIRONMENT FOR ALL OWNERS, LESSEES, AND GUESTS; AND TO PROTECT AND PRESERVE THE PROPERTY, PROPERTY VALUES, AND PROPERTY RIGHTS IN THE TELLURIDE MOUNTAIN VILLAGE.

Activities or mission (Part I)

TO PRESERVE AND PROMOTE A VITAL RESORT COMMUNITY.

  • TMVOA IS CONTRACTUALLY OBLIGATED TO FUND THE OPERATIONS AND MAINTENANCE COSTS OF THE FREE PUBLIC GONDOLA SERVICE BETWEEN THE TOWN OF MOUNTAIN VILLAGE AND THE TOWN OF TELLURIDE AND THE REMOTE PARKING LOT IN THE TOWN OF MOUNTAIN VILLAGE TO THE TOWN OF MOUNTAIN VILLAGE CENTER. ADDITIONALLY, TMVOA IS CONTRACTUALLY OBLIGATED TO FUND ONE-HALF OF THE OPERATIONS AND MAINTENANCE COSTS OF THE FREE PUBLIC CHONDOLA SERVICE BETWEEN THE MEADOWS AND THE TOWN OF MOUNTAIN VILLAGE CENTER. THE PRIMARY PURPOSES OF THE GONDOLA AND CHONDOLA ARE TO PROVIDE FREE PUBLIC TRANSPORTATION LINKS BETWEEN THE TWO TOWNS AND COMMUNITY POPULATION CENTERS.

    Expenses $5,572,095 · Revenue $66,296

  • TMVOA FUNDS PROGRAMS INTENDED TO GENERATE ECONOMIC ACTIVITY, VITALITY AND SUSTAINABILITY WITHIN THE TELLURIDE MOUNTAIN VILLAGE COMMUNITY.

    Expenses $1,709,377 · Revenue $9,741

  • TMVOA PROVIDES GRANTS AND FUNDING TO PROMOTE THE HEALTH, SAFETY AND WELFARE OF ALL MEMBERS OF TMVOA; TO ESTABLISH, PROVIDE AND MAINTAIN A DESIRABLE COMMUNITY AND ENVIRONMENT FOR ALL OWNERS, LESSEES AND GUESTS; AND TO PROTECT AND PRESERVE THE PROPERTY, PROPERTY VALUES AND PROPERTY RIGHTS IN THE TELLURIDE MOUNTAIN VILLAGE COMMON INTEREST COMMUNITY, AND HOLDS AND MANAGES CERTAIN PROPERTY FOR THE COMMON BENEFIT OF THE OWNERS, LESSEES AND GUESTS WITHIN TELLURIDE MOUNTAIN VILLAGE, TO FOSTER AND PRESERVE THE HEALTH, SAFETY, AND WELFARE OF PERSONS IN TELLURIDE MOUNTAIN VILLAGE, AND PRESERVE PROPERTY, PROPERTY RIGHTS, AND PROPERTY VALUES AND MAINTAIN THE TELLURIDE MOUNTAIN VILLAGE AS A PLEASANT AND DESIRABLE ENVIRONMENT FOR ALL PERSONS RESIDING, VISITING, OR DOING BUSINESS THEREIN (ALL OTHERS NOT INCLUDED IN 1-3 ABOVE).

    Expenses $1,102,093 · Grants $1,576,475 · Revenue $12,421,436

  • TMVOA FUNDS A TRANSPORTATION PROGRAM THAT IS INTENDED TO REDUCE CONGESTION, TRAFFIC, PARKING AND AIR POLLUTION IMPACTS WITHIN THE COMMUNITY.

    Expenses $1,015,924

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHAD HORNING

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • JIM ROYER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • TIM KUNDA

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    3

  • DUNCAN HOGARTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JEFF PROTEAU

    DIRECTOR (LEFT 09/24)

    Total calculated
    $0
    Hours/week
    3

  • SHERRI REEDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • TOM RICHARDS

    DIRECTOR (LEFT 01/24)

    Total calculated
    $0
    Hours/week
    3

  • JOHN VOLPONI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • ANTON BENITEZ

    PRESIDENT AND CEO

    Total calculated
    $265,595
    From this org
    $200,500
    From related orgs
    $0
    Other
    $65,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,500
    Bonus
    $30,000
    Other
    $0
    Deferred
    $10,230
    Nontaxable benefits
    $54,865
    Filer's total
    $265,595

  • PATRICK LATCHAM

    DIRECTOR OF OPERATIONS

    Total calculated
    $162,453
    From this org
    $116,827
    From related orgs
    $0
    Other
    $45,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,827
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $45,626
    Filer's total
    $162,453

  • HEIDI STENHAMMER

    ADMIN & OPERATIONS MANAGER

    Total calculated
    $188,684
    From this org
    $105,538
    From related orgs
    $0
    Other
    $83,146
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,288
    Bonus
    $1,250
    Other
    $0
    Deferred
    $6,212
    Nontaxable benefits
    $76,934
    Filer's total
    $188,684

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
EFFECTIVE DECEMBER 31, 2022, TMVOA EXECUTED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR ITS PRESIDENT AND CEO, ANTON BENITEZ. THE SERP IS A NONQUALIFIED DEFERRED COMPENSATION PLAN, AND CONSTITUTES AN UNFUNDED, UNSECURED PLAN OF DEFERRED COMPENSATION. THE BENEFITS ARE $50,000 ANNUALLY FOR A VESTING PERIOD OF FIVE YEARS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202513169349307411

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