Adaptive Spirit
- Assets
- $1.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 09/2012
- Data as of
- 06/2024
- EIN
- 45-2843918
Organization Overview
Adaptive Spirit is located in Denver, 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 06/2024, Adaptive Spirit generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $1.6m during the year ending 06/2024. While expenses have increased by 15.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2024
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 | 3 | $0 |
Nomi Bergman Director | Trustee | 1 | $0 |
Rich Digeronimo Director | Trustee | 1 | $0 |
Brad Parobek Director | Trustee | 1 | $0 |
Deborah Flippo Secretary | OfficerTrustee | 2 | $0 |
Pete Wisowaty Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,000 |
| 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 | $48,000 |
| Total Program Service Revenue | $1,961,216 |
| Investment income | $20,868 |
| 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 | $2,030,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $510,530 |
| 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 | $2,310 |
| Fees for services: Other | $6,000 |
| 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 | $1,068,013 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,887 |
| All other expenses | $0 |
| Total functional expenses | $1,594,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,471 |
| Savings and temporary cash investments | $618,332 |
| 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 | $50,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $350,237 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,088,040 |
| Accounts payable and accrued expenses | $947 |
| Grants payable | $0 |
| Deferred revenue | $49,200 |
| 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 | $50,147 |
| 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 | $1,037,893 |
| Total liabilities and net assets/fund balances | $1,088,040 |
Grants Awarded
Over the last fiscal year, Adaptive Spirit has awarded $587,251 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
US OLYMPIC & PARALYMPIC COMMITTEE PURPOSE: Paralympic support | $500,000 |
NO EXCUSES UNLIMITED PURPOSE: Paralympic support | $87,251 |