Adaptive Spirit
- Assets
- $602.9k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Littleton, CO
- Founding
- 09/2012
- Data as of
- 06/2022
- EIN
- 45-2843918
Organization Overview
Adaptive Spirit is located in Littleton, CO. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adaptive Spirit is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Adaptive Spirit generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADAPTIVE SPIRIT, AN INDUSTRY TRADE ORGANIZATION, IS FOCUSED ON BUILDING BUSINESS RELATIONSHIPS AND NETWORKING UNIQUE TO THE TELECOMMUNICATIONS INDUSTRY. IT HOLDS AN ANNUAL BUSINESS-BUILDING EVENT FOR MEMBERS. THE ANNUAL EVENT INCLUDES NETWORKING, EDUCATION AND RELATIONSHIP-BUILDING ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL CONFERENCE SERVES: (1) AS AN ANNUAL MEMBERSHIP MEETING IN WHICH ORGANIZATION BUSINESS IS CONDUCTED; (2) TO DISTRIBUTE MEMBERSHIP DIRECTORY; (3) PRODUCE INDUSTRY EDUCATIONAL ACTIVITIES TO FURTHER KNOWLEDGE LEVELS OF THE MEMBERS; (4) PRODUCE BUSINESS-BUILDING ACTIVITIES WHERE MEMBERS CONNECT WITH VENDORS AND GET BEST PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Raymond Chairperson | OfficerTrustee | 2 | $0 |
Deborah Flippo Secretary | OfficerTrustee | 1 | $0 |
Amos Smith Treasurer | OfficerTrustee | 1 | $0 |
Rich Digeronimo Director | Trustee | 1 | $0 |
Tom Wlodkowski Director | Trustee | 1 | $0 |
Nomi Bergman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $47,900 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,900 |
| Total Program Service Revenue | $1,232,209 |
| Investment income | $6,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,264,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $588,751 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,307 |
| Fees for services: Other | $6,050 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $705,406 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $600 |
| Insurance | $1,820 |
| All other expenses | $0 |
| Total functional expenses | $1,307,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,419 |
| Savings and temporary cash investments | $184,351 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $36,143 |
| Net Land, buildings, and equipment | $6,843 |
| Investments—publicly traded securities | $289,159 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $602,915 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $602,915 |
| Total liabilities and net assets/fund balances | $602,915 |
Grants Awarded
Over the last fiscal year, Adaptive Spirit has awarded $587,251 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: Paralympic support | $500,000 |
Arvada, CO PURPOSE: Paralympic support | $87,251 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
Scrum Alliance Inc Westminster, CO | $46,979,666 | $21,000,085 |
Investment Management Consultants Assn Inc Greenwood Village, CO | $30,192,603 | $13,414,601 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
International Association Of Certified Home Inspectors Boulder, CO | $7,671,295 | $15,005,233 |
International Association For The Study Of Lung Cancer Denver, CO | $23,299,078 | $13,685,313 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
Financial Planning Association Denver, CO | $6,740,399 | $8,225,248 |
Supima Tempe, AZ | $14,183,773 | $7,283,999 |
The Greater Colorado Springs Chamber And Edc Colorado Springs, CO | $2,246,029 | $6,426,509 |