Nonprofit · EIN 88-3091094
TRAILLIONAIRES FOUNDATION
Tax-exempt · DENVER, CO 80205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $287,583 | $249,208 | $38,375 | $59,770 | -$19 | $59,789 |
| December 31, 2024 | 990 | $392,587 | $350,864 | $41,723 | $64,804 | $1,331 | $63,473 |
| December 31, 2023 | 990-EZ | $90,823 | $67,090 | $23,733 | $23,733 | $0 | $23,733 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $287,583
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,323
- Accounting fees
- $5,350
- Occupancy
- $11,299
- Program services (functional)
- $99,683
- Management and general (functional)
- $17,445
- Fundraising (functional)
- $132,080
Balance sheet and other
- Total assets, start of year
- $63,473
- Total assets, end of year
- $59,770
- Total liabilities, end of year
- -$19
- Net assets, end of year
- $59,789
- Net assets without donor restrictions
- $18,125
- Net assets with donor restrictions
- $41,664
- Gross receipts
- $287,583
- Employees
- 0
- Volunteers
- 30
- Year formed
- 2022
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michelle Trail | Board President Trustee or director | 20 | $0 |
| Leah Jolly | Board Secretary Trustee or director, Officer | 2 | $0 |
| Juma Reed CPA | Board Treasurer Trustee or director, Officer | 3 | $0 |
| Anthony Trail | Executive Director Trustee or director | 2 | $0 |
| Daniel Thomas | Board Member Trustee or director | 2 | $0 |
| Eliana Bencal PHD | Board Member Trustee or director | 2 | $0 |
| Holly Morphew | Board Member Trustee or director | 2 | $0 |
| Jason S Smith | Board Member Trustee or director | 2 | $0 |
| Angela Davis | Board Member Trustee or director | 2 | $0 |
| Rod Easterling | Board Member Trustee or director | 2 | $0 |
| Andy Ogide | Board Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Levon Terry | Boardm Member Trustee or director | 2 | $0 |
| Eliana Bencal | Fundrasing and Events Chair Trustee or director | 2 | $0 |
| Holly Morphew | Board Member - Finance Team Trustee or director | 2 | $0 |
| Sam Chawkat | Board Member Trustee or director | 2 | $0 |
| Angel Y Davis | Grants Chairperson Trustee or director | 2 | $0 |
| Daniel Thomas | Board Member Trustee or director | 2 | $0 |
| Rod Easterling | Corporate Relations Chair Trustee or director | 2 | $0 |
| Jessica Anderson | Board Member Trustee or director | 2 | $0 |
| Michelle Trail | President Officer | 20 | $0 |
| Juma Reed | Treasurer Officer | 3 | $0 |
| Anthony Trail | Executive Director Officer, Key employee | 2 | $0 |
| Carina Brookover | Board Member Officer | 2 | $0 |
| Jason S Smith | Marketing and Public Relations Officer | 0 | $0 |
| Leah Holly | Secretary Officer | 0 | $0 |
990-EZ for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michelle Trail | President | 2 | $0 |
| Juma Reed | Treasurer | 2 | $0 |
| Anthony Trail | Executive Director | 2 | $0 |
| Carina Brookover | Secretary | 2 | $0 |
| Levon Terry | Boardm Member | 2 | $0 |
| Matthew Stratton | Board Member | 2 | $0 |
| Kilee Hughes | Board Member | 2 | $0 |
| Holly Morphew | Board Member | 2 | $0 |
| Kathy Kurzman | Board Member | 2 | $0 |
| Jawara Partee | Board Member | 2 | $0 |
| Daniel Thomas | Board Member | 2 | $0 |
| Rod Easterling | Board member | 2 | $0 |
| Eboni Moore | Board Member | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2900 WELTON ST STE 200, DENVER, CO 80205-3010
- In care of
- % MICHELLE TRAIL
- Principal officer (990 for 2025)
- Michelle Trail, 2900 Welton Street Ste200, Denver, CO 80205
- Signed the 990
- Michelle Trail, Traillionaires Founder
- Phone
- (303) 472-0541
- 990-N for 2022 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Michelle Trail, 9381 E 59th North Place, Denver CO 80238. Mailing address: 9381 E 59th North Place, Denver CO 80238.
- Return prepared by
- The Balanced Act LLC
Mission
To cultivate higher standards of excellence and service among youth of color, their families, and women of color through career education and experience, life skill development, financial wellbeing, youth advocacy, and the promotion of mental and physical wellness.
Program accomplishments
- The Yes and Yes Program equips youth of the global majority with life skills that support success both in and out of school. Partnering with Denver Metro area schools-including Montbello High School, Robert F. Smith STEAM Academy, and Manual High School and Middle School-the program provides experiences focused on financial literacy, career readiness, and self-efficacy. In 2025, Traillionaires served an average of 20-25 students per school, reaching more than 300 participants overall. Program outcomes show that 95% of participating students reported increased confidence in achieving personal and academic milestones. The program includes a 14-week after-school curriculum that helps high school students develop goal-setting skills, financial literacy, community engagement, and mental wellness practices. Traillionaires also partners with the Collaborative Healing Initiative within Communities (C.H.I.C.) to offer one-week summer camps that reinforce financial literacy, mindfulness, and personal development.Expenses $67,963
- The Score and Score Plus Program, led by Traillionaires, prepares college student-athletes for both athletic and financial success. This five-week program supports college-aged athletes (18-23) and their families through tailored mentorship, financial literacy education, and advocacy training. Participants engage in one-on-one sessions with vetted financial advisors who help students develop personalized strategies for managing finances, planning for their athletic careers, and navigating the complexities of the student-athlete experience. The program equips athletes with practical tools to support long-term financial stability and personal success beyond sports.Expenses $31,720
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-3091094
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $59,770
- Income (IRS master file)
- $287,583
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $287,583 | $249,208 | $59,770 | XML |
| 990 | December 2024 | $392,587 | $350,864 | $64,804 | XML |
| 990-EZ | December 2023 | $90,823 | $67,090 | $23,733 | XML |
| 990-N for 2022 Officer: Michelle Trail Filed under this EIN, most likely by a chapter or affiliate | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-3091094).
Questions about TRAILLIONAIRES FOUNDATION
- What is the EIN of TRAILLIONAIRES FOUNDATION?
- The employer identification number (EIN) of TRAILLIONAIRES FOUNDATION is 88-3091094.
- Is TRAILLIONAIRES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to TRAILLIONAIRES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRAILLIONAIRES FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRAILLIONAIRES FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRAILLIONAIRES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TRAILLIONAIRES FOUNDATION?
- The 990 for the year ended December 31, 2025 names Michelle Trail.
- Who are the officers and directors of TRAILLIONAIRES FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does TRAILLIONAIRES FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $287,583, expenses of $249,208 and total assets of $59,770 at year end.
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