Durango Education Foundation
- Assets
- $1.1m
- Revenue
- $412.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Durango, CO
- Founding
- 04/1985
- Data as of
- 12/2022
- EIN
- 74-2350944
Organization Overview
Durango Education Foundation is located in Durango, CO. The organization was established in 1985. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durango Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Durango Education Foundation generated $412.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $662.7k during the year ending 12/2022. While expenses have increased by 14.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT TO DURANGO SCHOOL DISTRICT 9-R FOR PROGRAMS, MATERIALS, AND TECHNOLOGY NEEDS THAT FALL OUTSIDE THE CAPACITY OF THE REGULAR SCHOOL DISTRICT BUDGET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, DURANGO EDUCATION FOUNDATION CONTINUED TO CONCENTRATE ON GIVING FINANCIAL SUPPORT TO DURANGO SCHOOL DISTRICT 9-R ("9-R")CLASSROOMS AND TO COMMUNITY ORGANIZATIONS WHICH SERVE 9-R STUDENTS. ALL SCHOOLS IN THE DISTRICT BENEFITTED FROM DEF EFFORTS.DEF FUNDED GRANTS TO TEACHERS TO SUPPORT A RANGE OF ACADEMIC PROGRAMS, MATERIALS AND TECHNOLOGY NEEDS THROUGHOUT THE SCHOOL DISTRICT. GRANTS FUNDED SUCH NEEDS AS: PILOT PROGRAMS, INSTRUCTIONAL TECHNOLOGY, SCIENCE EDUCATION, MUSIC EDUCATION, CAREER-TECHNICAL EDUCATION PROGRAMS, AND MORE. DEF GRANTS AFFECTED THE EDUCATION OF AT LEAST 85% OF THE STUDENTS IN THE DISTRICT. 13 SCHOLARSHIPS WERE ADMINISTERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Obleton Director | Trustee | 1 | $0 |
Cherie Naffziger Director | Trustee | 1 | $0 |
John Feistner Director | Trustee | 2 | $0 |
Kevin Culhane Director | Trustee | 1 | $0 |
Micki Hassemer Director | Trustee | 2 | $0 |
Zane Wells Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,625 |
| Total Program Service Revenue | $6,481 |
| Investment income | $50,261 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,620 |
| Net Income from Fundraising Events | $81,111 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $515,759 |
| Grants and other assistance to domestic individuals. | $37,121 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,847 |
| Compensation of current officers, directors, key employees. | $20,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,700 |
| Payroll taxes | $4,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,481 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51 |
| Office expenses | $1,411 |
| Information technology | $248 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,768 |
| All other expenses | $66 |
| Total functional expenses | $662,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,354 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,061,724 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,137,078 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $561,105 |
| Net assets with donor restrictions | $575,973 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,137,078 |
Grants Awarded
Over the last fiscal year, Durango Education Foundation has awarded $94,042 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DURANGO SCH DIST 9-R PURPOSE: Vocational Program Transportation | $69,042 |
STRONGER SCHOOLS STRONGER COM PURPOSE: CFSSWC/Katz Mill Levy | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Educational Commission Of The States Northglenn, CO | $10,871,422 | $9,981,000 |
Association Of Graduates Of The Usafa USAF Academy, CO | $106,418,834 | $8,064,070 |
Granite Education Foundation Inc Salt Lake City, UT | $3,539,208 | $3,029,089 |
Kroenke Sports Charities Inc Denver, CO | $4,360,868 | $3,664,528 |
Mccalls Chapel School Endowment Trust Of 1993 Ada, OK | $8,773,489 | $2,719,793 |
Durango Education Foundation Durango, CO | $1,137,078 | $412,858 |
American Association For Employment In Education Chandler, AZ | $65,375 | $211,347 |
National Association Of Christian Educators Prescott, AZ | $56,451 | $0 |
Manufacturers Representatives Educational Research Foundation Golden, CO | $39,850 | $0 |