Third Way Center Inc
- Assets
- $22.9m
- Revenue
- $19.5m
- Investments
- $0.0
- Employees
- 226
- Location
- Denver, CO
- Founding
- 06/1970
- Data as of
- 12/2023
- EIN
- 84-0599572
Organization Overview
Third Way Center Inc is located in Denver, CO. The organization was established in 1970. According to its NTEE Classification (F60) the organization is classified as: Counseling, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, Third Way Center Inc employed 226 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Third Way Center Inc 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 12/2023, Third Way Center Inc generated $19.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $14.2m during the year ending 12/2023. While expenses have increased by 3.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.TO OPERATE FIVE RESIDENTIAL TREATMENT FACILITIES AND ONE TRANSITIONAL HOUSING FACILITY WHICH PROVIDES CARE FOR ADOLESCENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TREATMENT - PROVIDE ROOM, BOARD, SUPPORT, GUIDANCE AND COUNSELING TO MINORS ASSIGNED TO THIRD WAY CENTER BY COUNTIES AND PRIVATE AGENCIES.
EDUCATION - PROVIDE AN EDUCATION PROGRAM FOR THE BENEFIT OF RESIDENTS WHO CANNOT FUNCTION IN A STANDARD PUBLIC SCHOOL SYSTEM AS AN ALTERNATIVE MEANS OF CONTINUING THEIR EDUCATION WHILE RECEIVING TREATMENT.
NEXT STEPS PROGRAM PROVIDES AFTER EMANCIPATION ASSISTANCE AND SUPERVISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hildegard Messenbaugh MD Medical Director | OfficerTrustee | 40 | $224,176 |
David Eisner Executive Director-Retired 2023 | OfficerTrustee | 40 | $52,593 |
Renee Johnson Executive Director | OfficerTrustee | 40 | $206,160 |
David Koehler Asst Executive Director | OfficerTrustee | 40 | $191,986 |
Brendan Bartic Board Chair | Trustee | 2 | $0 |
Gary Gray Vice Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $315,688 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $455,663 |
| Noncash contributions included in lines 1a–1f | $34,153 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $771,351 |
| Total Program Service Revenue | $18,773,571 |
| Investment income | $72,121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,685 |
| Net Income from Fundraising Events | -$119,711 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,520,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $927,302 |
| Compensation of current officers, directors, key employees. | $93,607 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,697,831 |
| Pension plan accruals and contributions | $115,151 |
| Other employee benefits | $650,057 |
| Payroll taxes | $738,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,750 |
| Fees for services: Accounting | $47,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,218 |
| Fees for services: Other | $334,700 |
| Advertising and promotion | $0 |
| Office expenses | $129,803 |
| Information technology | $171,649 |
| Royalties | $0 |
| Occupancy | $253,029 |
| Travel | $100,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47,737 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $473,584 |
| Insurance | $271,211 |
| All other expenses | $345,459 |
| Total functional expenses | $14,184,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $9,836,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,725,830 |
| 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 | $232,047 |
| Net Land, buildings, and equipment | $6,688,153 |
| Investments—publicly traded securities | $1,929,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $33,383 |
| Other assets | $404,758 |
| Total assets | $22,852,021 |
| Accounts payable and accrued expenses | $1,633,342 |
| Grants payable | $0 |
| Deferred revenue | $575,441 |
| Tax-exempt bond liabilities | $727,481 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,244,915 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,026 |
| Total liabilities | $4,236,205 |
| Net assets without donor restrictions | $17,774,151 |
| Net assets with donor restrictions | $841,665 |
| 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 | $22,852,021 |