Telluride Montrose Regional Air Organization
- Assets
- $5.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Telluride, CO
- Founding
- 08/2003
- Data as of
- 10/2020
- EIN
- 48-1266335
Organization Overview
Telluride Montrose Regional Air Organization is located in Telluride, CO. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Telluride Montrose Regional Air Organization is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 10/2020, Telluride Montrose Regional Air Organization generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $3.0m during the year ending 10/2020. While expenses have increased by 2.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
EXPANSION OF AIRLINE SERVICE TO THE TELLURIDE/MONTROSE COLORADO REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHMENT OF FLIGHT GUARANTEES WITH AIRLINES TO PROVIDE GUARANTEED FLIGHTS INTO THE TELLURIDE/MONTROSE REGION DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dirk DE Pagter Chairman & Pres | OfficerTrustee | 10 | $0 |
Dan Jansen Vice Chair | OfficerTrustee | 1 | $0 |
Todd Brown Treasurer | OfficerTrustee | 1 | $0 |
Matthew Skinner CEO | Officer | 40 | $0 |
Jack Gilbride Director | Trustee | 1 | $0 |
Steve Togni Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,399,637 |
| Investment income | $2,494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,411,931 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $253,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,309 |
| Payroll taxes | $16,303 |
| Fees for services: Management | $79,500 |
| Fees for services: Legal | $5,545 |
| Fees for services: Accounting | $15,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $485,802 |
| Office expenses | $1,317 |
| Information technology | $6,629 |
| Royalties | $0 |
| Occupancy | $7,795 |
| Travel | $1,650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,330 |
| All other expenses | $0 |
| Total functional expenses | $3,030,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,453,432 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $686,762 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,912 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,187,106 |
| Accounts payable and accrued expenses | $228,422 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,478 |
| Total liabilities | $323,900 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,863,206 |
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