Durango Education Foundation

EIN: 742350944 501(c)(3) Education

Durango, CO

Total Revenue
$545,745
Total Expenses
$433,491
Total Assets
$1,405,490
Net Assets
$1,405,115
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CO
Tax Period
2024-01-01 to 2024-12-31

Durango Education Foundation, founded in 2002, is a small nonprofit in the Education sector that reported $546K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $112K, a strong 21% operating margin.

Mission

To provide financial support to the Durango School District 9-R for programs, materials and technology need that fall outside the capacity of the regular school district.

Program Service Accomplishments

Program 1
Expenses: $365,037

The Durango Education Foundation is a 501(c)(3) that raises critical funding for the Durango School District through which it provides grants to teachers and schools, scholarships to graduating...

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The Durango Education Foundation is a 501(c)(3) that raises critical funding for the Durango School District through which it provides grants to teachers and schools, scholarships to graduating seniors, occasional fundraising campaigns for larger district needs, and service events for our entire educational community such as our fall and spring resource fairs and our Appreciation Celebration for all Durango School District Staff. Grants Program: During the 2024 calendar year, the Durango Education Foundation (DEF) regularly visited all 12 district schools to listen and gain relevant information about the needs and opportunities in each school and in the district as a whole. With that information, DEF held two grant competitions, one in spring 2024 and one in fall 2024. Teachers, schools, administrators, and community partners submitted grant applications and our grant committee awarded$130,000in grants throughout the district and to several DSD-serving community partners as well to support innovation and achievementin our local schools. Scholarship Program: During 2024, the Durango Education Foundation held a scholarship competition for graduating seniors in the Durango School Distict. In partnership with numerous local donors, DEF awarded 15 students a total of $102,000 in scholarship funding. Service Events: During the 2024 school year, DEF held both a Back to School Resource Fair (approximate attendance--500) and a Spring Resource Fair (approximate attendance--400) during which schools and over 50 local youth service providers gathered at the La Plata County Fairgrounds. Parents and students accessed school supplies and critical information on programs and opportunities at the fall fair and, at the spring fair, parents and students were able to access information on important summer camps and activities and apply for scholarship assistance as well. Additionally, DEF held a Durango School District Staff Appreciation Celebration for the district during which outstanding staff awards were announced and all district personnel were recognized for their hard work. To support our two resource fairs, Durango Education Foundation gained$4,000 in sponsorships. Fundraising:DEF holds three primary fundraising activities throughout the year: 1) the Golf for Education Tournament which raised just over$50,000in 2024. In fall of 2024, DEF held the 2nd Spirits with the Spectres fundraiser that brought in approximately$35,000. Additionally, DEF partners with local businesses on a monthly basis to ask customers to round up for teachers. The Round Up for Teachers program raised$4,000 in 2024.Additionally, DEF partners with the following grant makers to support our public schools: The Community Foundation Serving Southwest Colorado (The Ballantine Fund, Bartig-Small Fund, Katz Family Fund), The Sharma Foundation, the Moniker Foundation, the Kerr Foundation, and an anonymous foundation for a total ofapproximately $125K.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $389,822
Program Service Revenue $5,159
Investment Income $87,214
Other Revenue $63,550
TOTAL REVENUE $545,745

Expense Breakdown

Grants Paid $279,429
Salaries & Benefits $99,487
Fundraising Expenses $6,388
Program Expenses $365,037
Other Expenses $54,575
TOTAL EXPENSES $433,491

Year-over-Year Comparison

2024 2023 Change
Revenue $545,745 $350,785 +0.6%
Expenses $433,491 $318,063 +0.4%
Net Income $112,254 $32,722 +2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
1
Volunteers
49

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
12
$77,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Wendy Allsbrook Javier Executive Director 40.00
Director
$77,500 $0 $77,500
Tom Geyer President 4.00
Officer Director
$0 $0 $0
Robert Logan Vice President 4.00
Officer Director
$0 $0 $0
Reed Duval Treasurer 4.00
Officer Director
$0 $0 $0
Blair Matlock Secretary 4.00
Officer Director
$0 $0 $0
Amee Austin Board Member 4.00
Director
$0 $0 $0
Kevin Culhane Board Member 4.00
Director
$0 $0 $0
Sandra Garcia Board Member 4.00
Director
$0 $0 $0
Cherie Naffzinger Board Member 4.00
Director
$0 $0 $0
Erica Hendricks Board Member 4.00
Director
$0 $0 $0
Zane Wells Board Member 4.00
Director
$0 $0 $0
Jean Thweatt Past President 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $545,745 $433,491 $1,405,490 $112,254
2023 $350,785 $318,063 $1,264,233 $32,722
2022 $412,858 $662,656 $1,137,078 $-249,798
2021 $454,341 $291,576 $1,644,385 $162,765
2020 $274,414 $211,172 $1,471,402 $63,242
2019 $290,444 $207,203 $1,277,006 $83,241
2018 $384,863 $246,105 $1,036,444 $138,758
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