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Nonprofiteer
← TELLURIDE MEDICAL CENTER FOUNDATION

Form 990 for tax year 2022

Filed by TELLURIDE MEDICAL CENTER FOUNDATION.

Totals

Total revenue
$817,740
Total expenses
$641,096
Contributions and grants received
$880,879
Grants paid
$108,120
Program service revenue
$0
Investment income
-$73,319
Other revenue
$10,180
Total assets, end of year
$1,876,500
Total liabilities, end of year
$44,562
Net assets or fund balances, end of year
$1,831,938
Program services expenses (Part IX)
$310,615
Management and general expenses
$113,514
Fundraising expenses
$216,967
Program service expenses (Part III)
$310,615

Program services were 48.5% 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.

  • 1c · Fundraising events

    $76,800

  • 1f · All other contributions, gifts and grants

    $804,079

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

    securities $73,319

  • 7c · Gain or loss

    securities -$73,319

  • 7d · Net gain or loss

    total -$73,319 · excluded -$73,319

  • 8a · Fundraising events: gross income

    $13,064

  • 8a · Fundraising events: contributions included on line 1c

    $76,800

  • 8b · Fundraising events: direct expenses

    $2,884

  • 8c · Net income from fundraising events

    total $10,180 · excluded $10,180

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $108,120 · program services $108,120

  • 5 · Compensation of officers, directors and key employees

    total $157,885 · program services $15,789 · management and general $94,731 · fundraising $47,365

  • 11c · Fees: accounting

    total $13,500 · management and general $13,500

  • 11g · Fees: other

    total $145,089 · fundraising $145,089

  • 12 · Advertising and promotion

    total $188 · program services $188

  • 13 · Office expenses

    total $18,873 · program services $17,860 · management and general $1,013

  • 14 · Information technology

    total $11,280 · fundraising $11,280

  • 17 · Travel

    total $2,441 · program services $2,441

  • 23 · Insurance

    total $4,270 · management and general $4,270

  • 24a · Other expenses: Covid-19 Related Expens

    total $96,839 · program services $96,839

  • 24b · Other expenses: Donor Cultivation

    total $13,184 · fundraising $13,184

  • 24c · Other expenses: TMC Employee Support

    total $11,663 · program services $11,663

  • 24d · Other expenses: Books & Subscriptions

    total $231 · program services $231

  • 24e · All other expenses

    total $57,533 · program services $57,484 · fundraising $49

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $93,647 · end of year $385,598

  • 2 · Savings and temporary cash investments

    beginning of year $1,675,684 · end of year $1,454,975

  • 8 · Inventories for sale or use

    beginning of year $2,172 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,746 · end of year $6,247

  • 15 · Other assets

    beginning of year $25,680 · end of year $29,680

  • 25 · Other liabilities

    beginning of year $115,897 · end of year $44,562

  • 27 · Net assets without donor restrictions

    beginning of year $953,676 · end of year $1,769,236

  • 28 · Net assets with donor restrictions

    beginning of year $734,356 · end of year $62,702

Mission and programs · 2022

Mission

The mission of the Telluride Medical Center Foundation is to secure the financial resources required to ensure clinical excellence and the continued quality of care at the Telluride Medical Center.

Activities or mission (Part I)

To secure the financial resources required to support the Telluride Medical Center mission.

  • As a fully supporting entity, the Foundation in 2022 spent $310,615 securing monies including a direct contribution to the Telluride Medical Center of $108,120, for the purchase of medical equipment and support of operations.

    Expenses $310,615 · Grants $108,120

As filed on the 2022 return.

Listed in Part VII

  • Mike Hess

    President

    Total calculated
    $0
    Hours/week
    1

  • Jane Shivers

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Dr Diana Koelliker

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Clifford Hansen

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kristina Anderson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lynne Beck

    THD Liaison

    Total calculated
    $0
    Hours/week
    1

  • Paul Reich

    THD Liaison

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Wadley

    Executive Director

    Total calculated
    $167,583
    From this org
    $157,885
    From related orgs
    $0
    Other
    $9,698
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,658
    Bonus
    $25,539
    Other
    $6,688
    Deferred
    $3,345
    Nontaxable benefits
    $6,353
    Filer's total
    $167,583

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

  • Telluride Hospital District

    $108,120

    Medical Equipment

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Telluride Hospital District

    Govt · Medical Services · CO

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349313390

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