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Nonprofiteer
← TELLURIDE ACADEMY

Form 990 for tax year 2024

Filed by TELLURIDE ACADEMY.

Totals

Total revenue
$2,122,550
Total expenses
$1,990,932
Contributions and grants received
$501,206
Grants paid
$253,720
Program service revenue
$1,468,001
Investment income
$148,291
Other revenue
$5,052
Total assets, end of year
$3,797,212
Total liabilities, end of year
$1,004,599
Net assets or fund balances, end of year
$2,792,613
Program services expenses (Part IX)
$1,658,015
Management and general expenses
$223,777
Fundraising expenses
$109,140
Program service expenses (Part III)
$1,658,015

Program services were 83.3% 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.

  • 1e · Government grants (contributions)

    $75,023

  • 1f · All other contributions, gifts and grants

    $426,183

  • 2a · Program service revenue: TUITION AND PROGRAM FEES

    total $1,436,878 · related or exempt $1,436,878

  • 2b · Program service revenue: STAFF HOUSING

    total $21,350 · related or exempt $21,350

  • 2c · Program service revenue: CAMP STORE

    total $7,873 · related or exempt $7,873

  • 2d · Program service revenue: VEHICLE RENTAL

    total $1,900 · related or exempt $1,900

  • 3 · Investment income

    total $74,761 · excluded $74,761

  • 7a · Gross sales of assets other than inventory

    securities $1,822,381

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

    securities $1,748,851

  • 7c · Gain or loss

    securities $73,530

  • 7d · Net gain or loss

    total $73,530 · excluded $73,530

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $5,052 · related or exempt $5,052

  • 11e · Other revenue, total

    $5,052

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $253,720 · program services $253,720

  • 5 · Compensation of officers, directors and key employees

    total $281,180 · program services $140,591 · management and general $91,112 · fundraising $49,477

  • 7 · Other salaries and wages

    total $603,105 · program services $513,217 · management and general $79,286 · fundraising $10,602

  • 9 · Other employee benefits

    total $60,741 · program services $52,445 · management and general $4,968 · fundraising $3,328

  • 10 · Payroll taxes

    total $75,237 · program services $64,793 · management and general $8,703 · fundraising $1,741

  • 11g · Fees: other

    total $41,328 · program services $13,776 · management and general $13,776 · fundraising $13,776

  • 12 · Advertising and promotion

    total $52,378 · program services $34,200 · management and general $6,422 · fundraising $11,756

  • 13 · Office expenses

    total $89,025 · program services $61,675 · management and general $12,280 · fundraising $15,070

  • 14 · Information technology

    total $3,154 · program services $2,681 · management and general $315 · fundraising $158

  • 16 · Occupancy

    total $70,602 · program services $65,965 · management and general $2,782 · fundraising $1,855

  • 17 · Travel

    total $3,800 · program services $3,800

  • 19 · Conferences, conventions and meetings

    total $5,589 · program services $5,589

  • 20 · Interest

    total $24,169 · program services $24,169

  • 22 · Depreciation, depletion and amortization

    total $27,554 · program services $22,044 · management and general $4,133 · fundraising $1,377

  • 23 · Insurance

    total $49,050 · program services $49,050

  • 24a · Other expenses: PROGRAM ACTIVITIES

    total $288,359 · program services $288,359

  • 24b · Other expenses: PROGRAM STAFF TRAINING

    total $55,951 · program services $55,951

  • 24c · Other expenses: PROGRAM STAFF HOUSING

    total $5,990 · program services $5,990

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $332,806 · end of year $186,593

  • 4 · Accounts receivable

    beginning of year $1,084 · end of year $14,482

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,140 · end of year $28,285

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

    $1,159,031

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

    $218,313

  • 10c · Land, buildings and equipment, net

    beginning of year $968,272 · end of year $940,718

  • 11 · Investments: publicly traded securities

    beginning of year $1,767,308 · end of year $2,283,035

  • 12 · Investments: other securities

    beginning of year $100,000

  • 15 · Other assets

    beginning of year $0 · end of year $344,099

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,372 · end of year $34,868

  • 23 · Secured mortgages and notes payable

    beginning of year $567,486 · end of year $557,222

  • 25 · Other liabilities

    beginning of year $84,221 · end of year $412,509

  • 27 · Net assets without donor restrictions

    beginning of year $2,282,906 · end of year $2,730,886

  • 28 · Net assets with donor restrictions

    beginning of year $254,625 · end of year $61,727

Mission and programs · 2024

Mission

INSPIRE CHILDREN AND TEENS THROUGH EXPERIENTIAL EDUCATION THAT PROMOTES PHYSICAL ACTIVITY, CREATIVE LEARNING, ENVIRONMENTAL STEWARDSHIP, RESPONSIBILITY TO OTHERS, AND POSITIVE LIFE CHOICES.

  • TELLURIDE ACADEMY PROGRAMMING FOCUSES PRIMARILY ON OUTDOOR EXPERIENTIAL EDUCATION (E.G. HIKING, ROCK CLIMBING, BACKPACKING, MOUNTAIN BIKING, KAYAKING, AND WILDERNESS EXPLORATION), PROGRAM OFFERINGS ALSO INCLUDE PERFORMING ARTS AND ARTISTIC ADVENTURES, SCIENCE EXPLORATION, AND GLOBAL AWARENESS AND TRAVEL. TELLURIDE ACADEMY PROVIDES TUITION ASSISTANCE AND SCHOLARSHIP PROGRAMS TO LOCAL AND REGIONAL STUDENTS TO HELP THEM OVERCOME FINANCIAL, CULTURAL, AND LOGISTICAL BARRIERS TO ATTENDING CAMP. TELLURIDE ACADEMY ALSO PROVIDES SUPPORT FOR STUDENTS WITH VARIOUS COGNITIVE OR PHYSICAL LIMITATIONS.

    Expenses $1,658,015 · Grants $253,720 · Revenue $1,473,053

As filed on the 2024 return.

Listed in Part VII

  • Nathan Frerichs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ericka De Maquera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Zoe Gillett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Halle Cane

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Trisha Cowart Westfall

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Lisa Cabrera

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Alison Wright

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jason Merritt

    EXECUTIVE DIRECTOR

    Total calculated
    $142,384
    From this org
    $124,082
    From related orgs
    $0
    Other
    $18,302
    Hours/week
    40

  • Laurence Rosen

    FINANCE DIRECTOR (THRU 9/13/24)

    Total calculated
    $138,796
    From this org
    $107,465
    From related orgs
    $0
    Other
    $31,331
    Hours/week
    40

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.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 October 2025
IRS schema version
2024v5.2
Source object
202512889349302861

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