Exponential Impact

Organization Overview

Exponential Impact is located in Colorado Springs, CO. The organization was established in 2018. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Exponential Impact employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exponential Impact is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Exponential Impact generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 62.0% each year . All expenses for the organization totaled $872.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2021, Exponential Impact has awarded 22 individual grants totaling $425,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CONNECT ENTREPRENEURS WITH EDUCATIONAL RESOURCES, TRAINING, MENTORSHIP, ACCESS TO CAPITAL, AND A SHARED OPERATING SPACE IN THE COLORADO SPRINGS REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO CONNECT ENTREPRENEURS WITH EDUCATIONAL RESOURCES, TRAINING, MENTORSHIP, ACCESS TO CAPITAL, AND A SHARED OPERATING SPACE IN THE COLORADO SPRINGS REGION.


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Board, Officers & Key Employees

Name (title)Compensation
Vance Brown
President
$0
Betsy Brown
Secretary
$0
Hannah Parsons
Secretary
$0
Kyle Hybl
Director
$0
Chris Jenkins
Director
$0
Jay Jesse
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $755,240
All other contributions, gifts, grants, and similar amounts not included above$217,446
Noncash contributions included in lines 1a–1f $90,364
Total Revenue from Contributions, Gifts, Grants & Similar$972,686
Total Program Service Revenue$155,090
Investment income $2,195
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 $1,129,971

Grants Awarded

Over the last fiscal year, Exponential Impact has awarded $425,000 in support to 22 organizations.

Grant RecipientAmount

OLD SCHOOL BOXING GYM

PURPOSE: General Support

$25,000

COFFEE AND TEA ZONE

PURPOSE: General SUpport

$25,000

TASTE OF BRASIL LLC

PURPOSE: General Support

$25,000

PRECISION INSURANCE SERVICES

PURPOSE: General Support

$25,000

SONGBIRD SUPPLIES LLC

PURPOSE: General Support

$25,000

NATIONAL DRIVER TRAINING

PURPOSE: General Support

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Exponential Impact has recieved totaling $139,513.

Awarding OrganizationAmount
El Pomar Foundation

Colorado Springs, CO

PURPOSE: SURVIVE AND THRIVE 3.0

$55,000
Christian Community Foundation Inc

Colorado Springs, CO

PURPOSE: GENERAL SUPPORT

$35,000
El Pomar Foundation

Colorado Springs, CO

PURPOSE: GENERAL OPERATING SUPPORT

$30,000
El Pomar Foundation

Colorado Springs, CO

PURPOSE: GENERAL OPERATING SUPPORT

$15,000
El Pomar Foundation

Colorado Springs, CO

PURPOSE: GENERAL OPERATING SUPPORT

$2,500
El Pomar Foundation

Colorado Springs, CO

PURPOSE: 2021 NELP CONTRIBUTION

$1,000
View Grant Recipient Profile

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