Third Way Center Inc
- Assets
- $12.3m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 232
- Location
- Denver, CO
- Founding
- 06/1970
- Data as of
- 12/2021
- 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 12/2021, Third Way Center Inc employed 232 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 12/2021, Third Way Center Inc generated $12.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $11.5m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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
2021
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 |
|---|---|---|---|
David Eisner Executive Director | OfficerTrustee | 40 | $241,206 |
Hildegard Messenbaugh MD Medical Director | OfficerTrustee | 40 | $199,550 |
Mira Eklund Assistant Medical Director | Officer | 35 | $193,153 |
Renee Johnson Program Director | Officer | 40 | $146,835 |
David Koehler CFO | Officer | 40 | $134,673 |
Kristine Edmonds Clinical Director | 40 | $114,342 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $269,255 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $352,477 |
| Noncash contributions included in lines 1a–1f | $39,866 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $621,732 |
| Total Program Service Revenue | $12,100,577 |
| Investment income | $45,289 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,423 |
| Net Income from Fundraising Events | -$101,398 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,672,196 |
| 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. | $940,032 |
| Compensation of current officers, directors, key employees. | $91,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,809,380 |
| Pension plan accruals and contributions | $101,550 |
| Other employee benefits | $661,919 |
| Payroll taxes | $563,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,181 |
| Fees for services: Accounting | $43,394 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,192 |
| Fees for services: Investment Management | $23,686 |
| Fees for services: Other | $228,755 |
| Advertising and promotion | $4,764 |
| Office expenses | $124,681 |
| Information technology | $121,562 |
| Royalties | $0 |
| Occupancy | $203,402 |
| Travel | $92,513 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $365,535 |
| Insurance | $205,686 |
| All other expenses | $240,206 |
| Total functional expenses | $11,492,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,377 |
| Savings and temporary cash investments | $3,853,385 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,840,707 |
| 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 | $141,981 |
| Net Land, buildings, and equipment | $4,853,335 |
| Investments—publicly traded securities | $1,239,942 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $33,383 |
| Other assets | $328,850 |
| Total assets | $12,292,960 |
| Accounts payable and accrued expenses | $876,936 |
| Grants payable | $0 |
| Deferred revenue | $376,561 |
| Tax-exempt bond liabilities | $913,340 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $77,699 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,244,536 |
| Net assets without donor restrictions | $9,170,249 |
| Net assets with donor restrictions | $878,175 |
| 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 | $12,292,960 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Third Way Center Inc has recieved totaling $69,073.
| Awarding Organization | Amount |
|---|---|
Denver Active 20-30 Childrens Foundation Denver, CO PURPOSE: PROGRAM OPERATION - | $15,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $14,832 |
Rochester Area Community Foundation Rochester, NY PURPOSE: MENTAL HEALTH SERVICES IN A RESIDENTIAL SETTING TO TEENS | $10,000 |
Nbh Charitable Foundation Greenwood Village, CO PURPOSE: ASSIST HIGH RISK YOUTH | $9,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,840 |
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Third Way Center Inc Denver, CO | $12,292,960 | $12,672,196 |
Younique Foundation Lehi, UT | $3,288,544 | $10,732,962 |
Nazcare Inc Prescott Valley, AZ | $4,787,488 | $2,992,215 |
Citycare Counseling Inc Omaha, NE | $761,731 | $2,247,235 |
Cfcc & Associates Inc Topeka, KS | $302,218 | $1,661,555 |
Grace Counseling Inc Greenwood Village, CO | $1,530,585 | $1,698,649 |
Integrating Insights Inc Boulder, CO | $1,465 | $1,271,373 |
Mayfield Counseling Centers Colorado Springs, CO | $30,980 | $1,478,341 |
Amistad Family Services Inc Las Cruces, NM | $349,602 | $1,498,400 |
Southeast Christian Counseling Center Parker, CO | $256,926 | $1,258,559 |
Arizona United Spinal Cord Injury Association Inc Phoenix, AZ | $236,978 | $1,053,553 |
La Cocina Fort Collins, CO | $923,000 | $1,889,837 |