Organizations Filed Purposes:
The Telios Charitable Trust has been established to provide management support for gifts of real property and business interests that donors want to contribute to the New Horizons Foundation. The Telios Charitable Trust will be a supporting organization to the New Horizons Foundation, Inc. a public charity located in Colorado Springs, Colorado and serve the foundation by receiving gifts of real property or business interests and managing these assets until they can be sold and the proceeds distributed to the Foundation. The trust's only purpose is to manage these types of assets until they can be sold. The New Horizons Foundation Board of Trustees feels that it is best to keep these assets separate from other foundation assets until they can be sold in case any liability arises with the property received.
The donated raw land located in Gilbert, Arizona in a prior year was the primary asset of the trust.The Telios Charitable Trust sold the tract of land during 2019 and distributed the net proceeds from the closing on the property in the amount of $4,443,560. The net proceeds was distributed to the New Horizons Foundation serving the purpose of the trust's mission.The only other activity in the trust was the payment of property taxes in the amount of $2637.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Bill Moritz | President | 0 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202021359349302542_public.xml