﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-11-05T12:16:50-05:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>200488418</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>BLAIR AND ASSOC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>105 SE FRONTIER AVE STE A</AddressLine1Txt>
        <CityNm>CEDAREDGE</CityNm>
        <StateAbbreviationCd>CO</StateAbbreviationCd>
        <ZIPCd>814134020</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>237317485</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>SAN MIGUEL EDUCATIONAL FUND</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>SANM</BusinessNameControlTxt>
      <PhoneNum>9707284334</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 1069</AddressLine1Txt>
        <CityNm>TELLURIDE</CityNm>
        <StateAbbreviationCd>CO</StateAbbreviationCd>
        <ZIPCd>81435</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>M KATHLEEN ERIE</PersonNm>
      <PersonTitleTxt>TREASURER</PersonTitleTxt>
      <PhoneNum>9707284334</PhoneNum>
      <SignatureDt>2024-11-05</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>COLLICE P BLAIR JR</PreparerPersonNm>
      <PTIN>P00628666</PTIN>
      <PhoneNum>9708567550</PhoneNum>
      <PreparationDt>2024-11-05</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-10-15 13:58:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990 documentId="RetDoc2" referenceDocumentId="RetDoc5">
      <DoingBusinessAsName>
        <BusinessNameLine1Txt>KOTO FM</BusinessNameLine1Txt>
      </DoingBusinessAsName>
      <PrincipalOfficerNm>M KATHLEEN ERIE</PrincipalOfficerNm>
      <USAddress>
        <AddressLine1Txt>PO BOX 1069</AddressLine1Txt>
        <CityNm>TELLURIDE</CityNm>
        <StateAbbreviationCd>CO</StateAbbreviationCd>
        <ZIPCd>81435</ZIPCd>
      </USAddress>
      <GrossReceiptsAmt>1035126</GrossReceiptsAmt>
      <GroupReturnForAffiliatesInd>false</GroupReturnForAffiliatesInd>
      <Organization501c3Ind>X</Organization501c3Ind>
      <WebsiteAddressTxt>WWW.KOTO.ORG</WebsiteAddressTxt>
      <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
      <FormationYr>1973</FormationYr>
      <LegalDomicileStateCd>CO</LegalDomicileStateCd>
      <ActivityOrMissionDesc>PUBLIC RADIO BROADCASTING</ActivityOrMissionDesc>
      <VotingMembersGoverningBodyCnt>7</VotingMembersGoverningBodyCnt>
      <VotingMembersIndependentCnt>7</VotingMembersIndependentCnt>
      <TotalEmployeeCnt>6</TotalEmployeeCnt>
      <TotalGrossUBIAmt>0</TotalGrossUBIAmt>
      <PYContributionsGrantsAmt>678072</PYContributionsGrantsAmt>
      <CYContributionsGrantsAmt>744202</CYContributionsGrantsAmt>
      <CYProgramServiceRevenueAmt>0</CYProgramServiceRevenueAmt>
      <PYInvestmentIncomeAmt>-6953</PYInvestmentIncomeAmt>
      <CYInvestmentIncomeAmt>45086</CYInvestmentIncomeAmt>
      <PYOtherRevenueAmt>48333</PYOtherRevenueAmt>
      <CYOtherRevenueAmt>60313</CYOtherRevenueAmt>
      <PYTotalRevenueAmt>719452</PYTotalRevenueAmt>
      <CYTotalRevenueAmt>849601</CYTotalRevenueAmt>
      <CYGrantsAndSimilarPaidAmt>0</CYGrantsAndSimilarPaidAmt>
      <CYBenefitsPaidToMembersAmt>0</CYBenefitsPaidToMembersAmt>
      <PYSalariesCompEmpBnftPaidAmt>324260</PYSalariesCompEmpBnftPaidAmt>
      <CYSalariesCompEmpBnftPaidAmt>350934</CYSalariesCompEmpBnftPaidAmt>
      <CYTotalProfFndrsngExpnsAmt>0</CYTotalProfFndrsngExpnsAmt>
      <CYTotalFundraisingExpenseAmt>124698</CYTotalFundraisingExpenseAmt>
      <PYOtherExpensesAmt>253972</PYOtherExpensesAmt>
      <CYOtherExpensesAmt>301586</CYOtherExpensesAmt>
      <PYTotalExpensesAmt>578232</PYTotalExpensesAmt>
      <CYTotalExpensesAmt>652520</CYTotalExpensesAmt>
      <PYRevenuesLessExpensesAmt>141220</PYRevenuesLessExpensesAmt>
      <CYRevenuesLessExpensesAmt>197081</CYRevenuesLessExpensesAmt>
      <TotalAssetsBOYAmt>1763823</TotalAssetsBOYAmt>
      <TotalAssetsEOYAmt>1974603</TotalAssetsEOYAmt>
      <TotalLiabilitiesBOYAmt>62888</TotalLiabilitiesBOYAmt>
      <TotalLiabilitiesEOYAmt>76587</TotalLiabilitiesEOYAmt>
      <NetAssetsOrFundBalancesBOYAmt>1700935</NetAssetsOrFundBalancesBOYAmt>
      <NetAssetsOrFundBalancesEOYAmt>1898016</NetAssetsOrFundBalancesEOYAmt>
      <InfoInScheduleOPartIIIInd>X</InfoInScheduleOPartIIIInd>
      <MissionDesc>TO ENTERTAIN, EDUCATE AND INFORM WHILE REFLECTING THE NEEDS, DESIRES AND DIVERSITY OF THE COMMUNITY.</MissionDesc>
      <SignificantNewProgramSrvcInd>false</SignificantNewProgramSrvcInd>
      <SignificantChangeInd>false</SignificantChangeInd>
      <Desc>THE ORGANIZATION PROVIDED COMMERICAL FREE PUBLIC BROADCASTING TO RESIDENTS OF TELLURIDE AND NEIGHBORING MOUNTAIN COMMUNITIES INCLUDING WINTER ALERTS, COVERAGE OF PUBLIC EVENTS, LOCAL, REGIONAL AND WORLD NEWS UTILIZING VOLUNTEER BROADCASTERS RECRUITED FROM LOCAL COMMUNITY. KOTO-FM IS LITERALLY THE VOICE OF THE COMMUNITY, PARTICULARLY IN 2020 AND 2021 TO COMMUNICATE CRITICAL, VERIFIED INFORMATION ABOUT COVID.</Desc>
      <ProgSrvcAccomActyOtherGrp>
        <ExpenseAmt>454256</ExpenseAmt>
        <Desc>THE ORGANIZATION PROVIDED COMMERICAL FREE PUBLIC BROADCASTING TO RESIDENTS OF TELLURIDE AND NEIGHBORING MOUNTAIN COMMUNITIES INCLUDING WINTER ALERTS, COVERAGE OF PUBLIC EVENTS, LOCAL, REGIONAL AND WORLD NEWS UTILIZING VOLUNTEER BROADCASTERS RECRUITED FROM LOCAL COMMUNITY. KOTO-FM IS LITERALLY THE VOICE OF THE COMMUNITY, PARTICULARLY IN 2020 AND 2021 TO COMMUNICATE CRITICAL, VERIFIED INFORMATION ABOUT COVID.</Desc>
      </ProgSrvcAccomActyOtherGrp>
      <TotalOtherProgSrvcExpenseAmt>454256</TotalOtherProgSrvcExpenseAmt>
      <TotalProgramServiceExpensesAmt>454256</TotalProgramServiceExpensesAmt>
      <DescribedInSection501c3Ind referenceDocumentId="RetDoc6">true</DescribedInSection501c3Ind>
      <ScheduleBRequiredInd referenceDocumentId="RetDoc1">true</ScheduleBRequiredInd>
      <PoliticalCampaignActyInd>false</PoliticalCampaignActyInd>
      <LobbyingActivitiesInd>false</LobbyingActivitiesInd>
      <SubjectToProxyTaxInd>false</SubjectToProxyTaxInd>
      <DonorAdvisedFundInd referenceDocumentId="RetDoc3">false</DonorAdvisedFundInd>
      <ConservationEasementsInd referenceDocumentId="RetDoc3">false</ConservationEasementsInd>
      <CollectionsOfArtInd referenceDocumentId="RetDoc3">false</CollectionsOfArtInd>
      <CreditCounselingInd referenceDocumentId="RetDoc3">false</CreditCounselingInd>
      <DonorRstrOrQuasiEndowmentsInd referenceDocumentId="RetDoc3">false</DonorRstrOrQuasiEndowmentsInd>
      <ReportLandBuildingEquipmentInd referenceDocumentId="RetDoc3">true</ReportLandBuildingEquipmentInd>
      <ReportInvestmentsOtherSecInd referenceDocumentId="RetDoc3">false</ReportInvestmentsOtherSecInd>
      <ReportProgramRelatedInvstInd referenceDocumentId="RetDoc3">false</ReportProgramRelatedInvstInd>
      <ReportOtherAssetsInd referenceDocumentId="RetDoc3">false</ReportOtherAssetsInd>
      <ReportOtherLiabilitiesInd referenceDocumentId="RetDoc3">false</ReportOtherLiabilitiesInd>
      <IncludeFIN48FootnoteInd referenceDocumentId="RetDoc3">false</IncludeFIN48FootnoteInd>
      <IndependentAuditFinclStmtInd referenceDocumentId="RetDoc3">true</IndependentAuditFinclStmtInd>
      <ConsolidatedAuditFinclStmtInd referenceDocumentId="RetDoc3">false</ConsolidatedAuditFinclStmtInd>
      <SchoolOperatingInd>false</SchoolOperatingInd>
      <ForeignOfficeInd>false</ForeignOfficeInd>
      <ForeignActivitiesInd>false</ForeignActivitiesInd>
      <MoreThan5000KToOrgInd>false</MoreThan5000KToOrgInd>
      <MoreThan5000KToIndividualsInd>false</MoreThan5000KToIndividualsInd>
      <ProfessionalFundraisingInd>false</ProfessionalFundraisingInd>
      <FundraisingActivitiesInd>false</FundraisingActivitiesInd>
      <GamingActivitiesInd>false</GamingActivitiesInd>
      <OperateHospitalInd>false</OperateHospitalInd>
      <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
      <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
      <ScheduleJRequiredInd>false</ScheduleJRequiredInd>
      <TaxExemptBondsInd>false</TaxExemptBondsInd>
      <EngagedInExcessBenefitTransInd>false</EngagedInExcessBenefitTransInd>
      <PYExcessBenefitTransInd>false</PYExcessBenefitTransInd>
      <LoanOutstandingInd>false</LoanOutstandingInd>
      <GrantToRelatedPersonInd>false</GrantToRelatedPersonInd>
      <BusinessRlnWithOrgMemInd>false</BusinessRlnWithOrgMemInd>
      <BusinessRlnWithFamMemInd>false</BusinessRlnWithFamMemInd>
      <BusinessRlnWith35CtrlEntInd>false</BusinessRlnWith35CtrlEntInd>
      <DeductibleNonCashContriInd referenceDocumentId="RetDoc4">true</DeductibleNonCashContriInd>
      <DeductibleArtContributionInd referenceDocumentId="RetDoc4">false</DeductibleArtContributionInd>
      <TerminateOperationsInd>false</TerminateOperationsInd>
      <PartialLiquidationInd>false</PartialLiquidationInd>
      <DisregardedEntityInd>false</DisregardedEntityInd>
      <RelatedEntityInd>false</RelatedEntityInd>
      <RelatedOrganizationCtrlEntInd>false</RelatedOrganizationCtrlEntInd>
      <TrnsfrExmptNonChrtblRltdOrgInd>false</TrnsfrExmptNonChrtblRltdOrgInd>
      <ActivitiesConductedPrtshpInd>false</ActivitiesConductedPrtshpInd>
      <ScheduleORequiredInd>true</ScheduleORequiredInd>
      <IRPDocumentCnt>11</IRPDocumentCnt>
      <IRPDocumentW2GCnt>0</IRPDocumentW2GCnt>
      <BackupWthldComplianceInd>true</BackupWthldComplianceInd>
      <EmployeeCnt>6</EmployeeCnt>
      <EmploymentTaxReturnsFiledInd>true</EmploymentTaxReturnsFiledInd>
      <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
      <ForeignFinancialAccountInd>false</ForeignFinancialAccountInd>
      <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      <TaxablePartyNotificationInd>false</TaxablePartyNotificationInd>
      <NondeductibleContributionsInd>false</NondeductibleContributionsInd>
      <IndoorTanningServicesInd>false</IndoorTanningServicesInd>
      <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      <SubjectToExcsTaxNetInvstIncInd>false</SubjectToExcsTaxNetInvstIncInd>
      <InfoInScheduleOPartVIInd>X</InfoInScheduleOPartVIInd>
      <GoverningBodyVotingMembersCnt>7</GoverningBodyVotingMembersCnt>
      <IndependentVotingMemberCnt>7</IndependentVotingMemberCnt>
      <FamilyOrBusinessRlnInd>false</FamilyOrBusinessRlnInd>
      <DelegationOfMgmtDutiesInd>false</DelegationOfMgmtDutiesInd>
      <ChangeToOrgDocumentsInd>false</ChangeToOrgDocumentsInd>
      <MaterialDiversionOrMisuseInd>false</MaterialDiversionOrMisuseInd>
      <MembersOrStockholdersInd>true</MembersOrStockholdersInd>
      <ElectionOfBoardMembersInd>true</ElectionOfBoardMembersInd>
      <DecisionsSubjectToApprovaInd>false</DecisionsSubjectToApprovaInd>
      <MinutesOfGoverningBodyInd>true</MinutesOfGoverningBodyInd>
      <MinutesOfCommitteesInd>true</MinutesOfCommitteesInd>
      <OfficerMailingAddressInd>false</OfficerMailingAddressInd>
      <LocalChaptersInd>false</LocalChaptersInd>
      <Form990ProvidedToGvrnBodyInd>false</Form990ProvidedToGvrnBodyInd>
      <ConflictOfInterestPolicyInd>true</ConflictOfInterestPolicyInd>
      <AnnualDisclosureCoveredPrsnInd>true</AnnualDisclosureCoveredPrsnInd>
      <RegularMonitoringEnfrcInd>true</RegularMonitoringEnfrcInd>
      <WhistleblowerPolicyInd>true</WhistleblowerPolicyInd>
      <DocumentRetentionPolicyInd>false</DocumentRetentionPolicyInd>
      <CompensationProcessCEOInd>true</CompensationProcessCEOInd>
      <CompensationProcessOtherInd>false</CompensationProcessOtherInd>
      <InvestmentInJointVentureInd>false</InvestmentInJointVentureInd>
      <StatesWhereCopyOfReturnIsFldCd>CO</StatesWhereCopyOfReturnIsFldCd>
      <OwnWebsiteInd>X</OwnWebsiteInd>
      <UponRequestInd>X</UponRequestInd>
      <BooksInCareOfDetail>
        <PersonNm>CARA PALLONE</PersonNm>
        <PhoneNum>9707284334</PhoneNum>
        <USAddress>
          <AddressLine1Txt>PO BOX 1069</AddressLine1Txt>
          <CityNm>TELLURIDE</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>81435</ZIPCd>
        </USAddress>
      </BooksInCareOfDetail>
      <NoListedPersonsCompensatedInd>X</NoListedPersonsCompensatedInd>
      <Form990PartVIISectionAGrp>
        <PersonNm>KATHLEEN BONNEAU</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>M KATHLEEN ERIE</PersonNm>
        <TitleTxt>TREASURER</TitleTxt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MARK IZARD</PersonNm>
        <TitleTxt>SECRETARY</TitleTxt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MEGHAN KNOWLES</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>LAURA SHAUNETTE</PersonNm>
        <TitleTxt>PRESIDENT</TitleTxt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>NORMAN SQUIER</PersonNm>
        <TitleTxt>DIRECTOR</TitleTxt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>GENE WEIL</PersonNm>
        <TitleTxt>VICE PRESIDE</TitleTxt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <FormerOfcrEmployeesListedInd>false</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>false</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>false</CompensationFromOtherSrcsInd>
      <GovernmentGrantsAmt>254758</GovernmentGrantsAmt>
      <AllOtherContributionsAmt>489444</AllOtherContributionsAmt>
      <NoncashContributionsAmt>100135</NoncashContributionsAmt>
      <TotalContributionsAmt>744202</TotalContributionsAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>45086</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>45086</RelatedOrExemptFuncIncomeAmt>
      </InvestmentIncomeGrp>
      <GrossRentsGrp>
        <RealAmt>7613</RealAmt>
      </GrossRentsGrp>
      <RentalIncomeOrLossGrp>
        <RealAmt>7613</RealAmt>
      </RentalIncomeOrLossGrp>
      <NetRentalIncomeOrLossGrp>
        <TotalRevenueColumnAmt>7613</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>7613</RelatedOrExemptFuncIncomeAmt>
      </NetRentalIncomeOrLossGrp>
      <GrossSalesOfInventoryAmt>237899</GrossSalesOfInventoryAmt>
      <CostOfGoodsSoldAmt>185525</CostOfGoodsSoldAmt>
      <NetIncomeOrLossGrp>
        <TotalRevenueColumnAmt>52374</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>52374</RelatedOrExemptFuncIncomeAmt>
      </NetIncomeOrLossGrp>
      <OtherRevenueMiscGrp>
        <Desc>OTHER</Desc>
        <TotalRevenueColumnAmt>326</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>326</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueTotalAmt>326</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>849601</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>105399</RelatedOrExemptFuncIncomeAmt>
      </TotalRevenueGrp>
      <InfoInScheduleOPartIXInd>X</InfoInScheduleOPartIXInd>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>294952</TotalAmt>
        <ProgramServicesAmt>174608</ProgramServicesAmt>
        <ManagementAndGeneralAmt>43278</ManagementAndGeneralAmt>
        <FundraisingAmt>77066</FundraisingAmt>
      </OtherSalariesAndWagesGrp>
      <OtherEmployeeBenefitsGrp>
        <TotalAmt>32993</TotalAmt>
        <ProgramServicesAmt>16520</ProgramServicesAmt>
        <ManagementAndGeneralAmt>5435</ManagementAndGeneralAmt>
        <FundraisingAmt>11038</FundraisingAmt>
      </OtherEmployeeBenefitsGrp>
      <PayrollTaxesGrp>
        <TotalAmt>22989</TotalAmt>
        <ProgramServicesAmt>13573</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3390</ManagementAndGeneralAmt>
        <FundraisingAmt>6026</FundraisingAmt>
      </PayrollTaxesGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>823</TotalAmt>
        <ProgramServicesAmt>659</ProgramServicesAmt>
        <ManagementAndGeneralAmt>82</ManagementAndGeneralAmt>
        <FundraisingAmt>82</FundraisingAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>24984</TotalAmt>
        <ProgramServicesAmt>9994</ProgramServicesAmt>
        <ManagementAndGeneralAmt>12492</ManagementAndGeneralAmt>
        <FundraisingAmt>2498</FundraisingAmt>
      </FeesForServicesAccountingGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>138321</TotalAmt>
        <ProgramServicesAmt>125917</ProgramServicesAmt>
        <ManagementAndGeneralAmt>196</ManagementAndGeneralAmt>
        <FundraisingAmt>12208</FundraisingAmt>
      </FeesForServicesOtherGrp>
      <OfficeExpensesGrp>
        <TotalAmt>8319</TotalAmt>
        <ProgramServicesAmt>3941</ProgramServicesAmt>
        <ManagementAndGeneralAmt>694</ManagementAndGeneralAmt>
        <FundraisingAmt>3684</FundraisingAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>5914</TotalAmt>
        <ProgramServicesAmt>5914</ProgramServicesAmt>
      </InformationTechnologyGrp>
      <OccupancyGrp>
        <TotalAmt>2471</TotalAmt>
        <FundraisingAmt>2471</FundraisingAmt>
      </OccupancyGrp>
      <ConferencesMeetingsGrp>
        <TotalAmt>3206</TotalAmt>
        <ProgramServicesAmt>3206</ProgramServicesAmt>
      </ConferencesMeetingsGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>19530</TotalAmt>
        <ProgramServicesAmt>15624</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1953</ManagementAndGeneralAmt>
        <FundraisingAmt>1953</FundraisingAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>9685</TotalAmt>
        <ProgramServicesAmt>8232</ProgramServicesAmt>
        <ManagementAndGeneralAmt>969</ManagementAndGeneralAmt>
        <FundraisingAmt>484</FundraisingAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>PROGRAMING</Desc>
        <TotalAmt>31797</TotalAmt>
        <ProgramServicesAmt>31797</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>FUNDRASING EXPENSES</Desc>
        <TotalAmt>28055</TotalAmt>
        <ProgramServicesAmt>18586</ProgramServicesAmt>
        <ManagementAndGeneralAmt>3767</ManagementAndGeneralAmt>
        <FundraisingAmt>5702</FundraisingAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>UTILITIES</Desc>
        <TotalAmt>16040</TotalAmt>
        <ProgramServicesAmt>14832</ProgramServicesAmt>
        <ManagementAndGeneralAmt>604</ManagementAndGeneralAmt>
        <FundraisingAmt>604</FundraisingAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>REPAIRS</Desc>
        <TotalAmt>5142</TotalAmt>
        <ProgramServicesAmt>4551</ProgramServicesAmt>
        <ManagementAndGeneralAmt>296</ManagementAndGeneralAmt>
        <FundraisingAmt>295</FundraisingAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>7299</TotalAmt>
        <ProgramServicesAmt>6302</ProgramServicesAmt>
        <ManagementAndGeneralAmt>410</ManagementAndGeneralAmt>
        <FundraisingAmt>587</FundraisingAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>652520</TotalAmt>
        <ProgramServicesAmt>454256</ProgramServicesAmt>
        <ManagementAndGeneralAmt>73566</ManagementAndGeneralAmt>
        <FundraisingAmt>124698</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>1261708</BOYAmt>
        <EOYAmt>1428675</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <PledgesAndGrantsReceivableGrp>
        <BOYAmt>77571</BOYAmt>
        <EOYAmt>74090</EOYAmt>
      </PledgesAndGrantsReceivableGrp>
      <AccountsReceivableGrp>
        <BOYAmt>726</BOYAmt>
        <EOYAmt>4432</EOYAmt>
      </AccountsReceivableGrp>
      <InventoriesForSaleOrUseGrp>
        <BOYAmt>1902</BOYAmt>
        <EOYAmt>5393</EOYAmt>
      </InventoriesForSaleOrUseGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>15193</BOYAmt>
        <EOYAmt>14824</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>1138084</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>690895</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>406723</BOYAmt>
        <EOYAmt>447189</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <TotalAssetsGrp>
        <BOYAmt>1763823</BOYAmt>
        <EOYAmt>1974603</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>62888</BOYAmt>
        <EOYAmt>76587</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>62888</BOYAmt>
        <EOYAmt>76587</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>1700935</BOYAmt>
        <EOYAmt>1898016</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>1700935</BOYAmt>
        <EOYAmt>1898016</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>1763823</BOYAmt>
        <EOYAmt>1974603</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>197081</ReconcilationRevenueExpnssAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc6">
      <PublicOrganization170Ind>X</PublicOrganization170Ind>
      <GiftsGrantsContriRcvd170Grp>
        <CurrentTaxYearMinus4YearsAmt>504623</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>770499</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>1286266</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>678072</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>744202</CurrentTaxYearAmt>
        <TotalAmt>3983662</TotalAmt>
      </GiftsGrantsContriRcvd170Grp>
      <TotalCalendarYear170Grp>
        <CurrentTaxYearMinus4YearsAmt>504623</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>770499</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>1286266</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>678072</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>744202</CurrentTaxYearAmt>
        <TotalAmt>3983662</TotalAmt>
      </TotalCalendarYear170Grp>
      <PublicSupportTotal170Amt>3983662</PublicSupportTotal170Amt>
      <TotalSupportAmt>3983662</TotalSupportAmt>
      <GrossReceiptsRltdActivitiesAmt>972400</GrossReceiptsRltdActivitiesAmt>
      <PublicSupportCY170Pct>1.00000</PublicSupportCY170Pct>
      <PublicSupportPY170Pct>1.00000</PublicSupportPY170Pct>
      <ThirtyThrPctSuprtTestsCY170Ind>X</ThirtyThrPctSuprtTestsCY170Ind>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc3">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>237505</OtherCostOrOtherBasisAmt>
        <BookValueAmt>237505</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <InvestmentCostOrOtherBasisAmt>88000</InvestmentCostOrOtherBasisAmt>
        <DepreciationAmt>88000</DepreciationAmt>
      </BuildingsGrp>
      <LeaseholdImprovementsGrp>
        <InvestmentCostOrOtherBasisAmt>218235</InvestmentCostOrOtherBasisAmt>
        <DepreciationAmt>150978</DepreciationAmt>
        <BookValueAmt>67257</BookValueAmt>
      </LeaseholdImprovementsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>594344</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>451917</DepreciationAmt>
        <BookValueAmt>142427</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>447189</TotalBookValueLandBuildingsAmt>
      <TotalRevEtcAuditedFinclStmtAmt>849601</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>849601</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>849601</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>652520</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>652520</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>652520</TotalExpensesPerForm990Amt>
    </IRS990ScheduleD>
    <IRS990ScheduleM documentId="RetDoc4">
      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>1</ContributionCnt>
        <NoncashContributionsRptF990Amt>100135</NoncashContributionsRptF990Amt>
      </OtherNonCashContriTableGrp>
      <AnyPropertyThatMustBeHeldInd>false</AnyPropertyThatMustBeHeldInd>
      <ReviewProcessUnusualNCGiftsInd>false</ReviewProcessUnusualNCGiftsInd>
      <ThirdPartiesUsedInd>false</ThirdPartiesUsedInd>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc5">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION PROVIDED COMMERICAL FREE PUBLIC BROADCASTING TO RESIDENTS OF TELLURIDE AND NEIGHBORING MOUNTAIN COMMUNITIES INCLUDING WINTER ALERTS, COVERAGE OF PUBLIC EVENTS, LOCAL, REGIONAL AND WORLD NEWS UTILIZING VOLUNTEER BROADCASTERS RECRUITED FROM LOCAL COMMUNITY. KOTO-FM IS LITERALLY THE VOICE OF THE COMMUNITY, PARTICULARLY IN 2020 AND 2021 TO COMMUNICATE CRITICAL, VERIFIED INFORMATION ABOUT COVID.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>A CONTRIBUTION OF AT LEAST 20 OR VOLUNTEER HOURS CREATES A VOTING MEMBERSHIP.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>A CONTRIBUTION OF AT LEAST 20 OR VOLUNTEERS HOURS CREATES VOTING MEMBERSHIPS. MEMBERS ARE ALLOWED A VOTE WHEN ELECTING MEMBERS OF THE GOVERNING BODY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE DRAFT RETURN IS REVIEWED BY THE FINANCE AND AUDIT COMMITTEE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ANNUALLY THE DIRECTORS REVIEW AND SIGN A CODE OF CONDUCT INSTITUED IN 2015.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION REGULARLY EVALUATES THE PERFORMANCE OF ITS EMPLOYEES. ALL NEW STAFF MEMBERS WILL BE EVALUATED AT THE END OF A TRIAL PERIOD. EMPLOYEES ARE EVALUATED ANNUALLY. EMPLOYEES MAY BE EVALUATED AT OTHER TIMES, IF A SPECIAL NEED ARISES. THE REVIEW PROCESS IS DESIGNED TO PROMOTE VERBAL AND WRITTEN DISCUSSION BETWEEN EMPLOYEES AND SUPERVISORS REGARDING CURRENT JOB RESPONSIBILITIES, PERFORMANCE OF ASSIGNED DUTIES, PROBLEMS THAT MAY HAVE ARISEN ON THE JOB AND OTHER PERTINENT TOPICS. PERFORMANCE REVIEWS ARE SCHEDULED ANNUALLY FOR FULL AND PART-TIME EMPLOYEES OF THE STATION. THE EXECUTIVE DIRECTOR IS REVIEWED BY MEMBERS OF THE BOARD OF DIRECTORS. GIVEN THE VERY SPECIALIZED NATURE OF THE EXECUTIVE DIRECTOR, COMPARBILITY DATA IS NOT AVAILABLE. THOROUGH CONSIDERATION IS GIVEN TO THE SKILLS AND PERFORMANCE OF THE OFFICER IN BOTH HIRING AND ANNUAL EVAUATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S ANNUAL 990 RETURNS ARE AVAILABLE ON THE KOTO.ORG WEB SITE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 11G</FormAndLineReferenceDesc>
        <ExplanationTxt>PROGRAM SERVICE EXPENSE 91,800 0 0 COMPUTER CONSULTING 1,562 196 195 CONTRACT LABOR 9,525 0 0 CREDIT CARD FEES 0 0 1,200 PLEDGES UNCOLLECTABLE 0 0 10,810 RIDGWAY TOWER 23,030 0 0 MISCELLANEOUS 0 0 3 TOTAL 125,917 196 12,208</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>