Collider Foundation
- Assets
- $155.3k
- Revenue
- $380.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Rochester, MN
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 83-1815046
Organization Overview
Collider Foundation is located in Rochester, MN. The organization was established in 2019. 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, Collider Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collider Foundation 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, Collider Foundation generated $380.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $306.4k during the year ending 12/2021. While expenses have increased by 14.6% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COLLIDER FOUNDATION BELIEVES THAT THERE SHOULD BE ZERO BARRIERS TO ENTREPRENEURSHIP IN ROCHESTER. COLLIDER FOUNDATION SUPPORTS ENTREPRENEURS WITH NAVIGATION, EDUCATION, EVENTS, AND STORYTELLING TO HELP FOSTER AN INCLUSIVE, DIVERSE, AND EQUITABLE ENTREPRENEURIAL ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLIDER FOUNDATION PROVIDED LOW-COST OFFICE SPACE TO NEW AND GROWING BUSINESSES IN THE ROCHESTER AREA THROUGH ITS COLLIDER COWORKING SPACE. THIS SPACE WORKS TO ACTIVATE, CONNECT, AND EMPOWER NEW AND EMERGING ENTREPRENEURS AND BUSINESSES BY CONNECTING THEM TO RESOURCE PROVIDERS AND MENTORS WHO ARE OFTEN CO-LOCATED IN THE SAME SPACE. A PHYSICAL LOCATION TO CONDUCT BUSINESS IS OFTEN A SIGNIFICANT BARRIER FACED BY EMERGING SMALL BUSINESSES. THE GOAL OF THE COWORKING SPACE IS TO FOSTER THE GROWTH OF NEW COMPANIES IN THE ROCHESTER AREA THAT WILL GET THEIR START IN COLLIDER COWORKING AND THEN MOVE ON TO THEIR OWN BRICK-AND-MORTAR LOCATION IN THE NEXT FEW YEARS.
COLLIDER FOUNDATIONS ECOSYSTEM NAVIGATION SERVICES ARE A CONFIDENTIAL, FREE RESOURCE IN THE COMMUNITY TO LISTEN TO THE NEEDS OF ENTREPRENEURS IN THE ROCHESTER ECOSYSTEM AND CONNECT THEM TO THE RIGHT RESOURCES THEY NEED AT THE RIGHT TIME TO ACCELERATE THEIR BUSINESS. THESE SERVICES ARE FOR ALL ENTREPRENEURS IN ROCHESTER. PORTIONS OF THIS WORK WERE FUNDED THROUGH AN INCLUSION OPEN GRANT FROM THE EWING MARION KAUFFMAN FOUNDATION, WITH A SPECIFIC FOCUS ON LATINX, BLACK, AND FEMALE BUSINESS OWNERS. COLLIDER FOUNDATION SERVED 165 ENTREPRENEURS THROUGH THIS WORK. 50% OF THESE ENTREPRENEURS WERE BIPOC AND 35% WERE WOMEN.
COLLIDER BELIEVES THAT A KEY TO A STRONG ENTREPRENEURIAL ECOSYSTEM IS EDUCATIONAL EVENTS THAT CONTINUOUSLY BRING US TOGETHER TO COLLIDE AND SPARK NEW IDEAS AND CONNECTIONS. THIS YEAR, WE HOSTED SEVERAL EVENTS TO BRING TOGETHER CURRENT AND FUTURE ENTREPRENEURS, ECOSYSTEM SUPPORTERS, AND ANYONE ELSE WHO WANTS TO LEARN MORE ABOUT OUR ENTREPRENEURIAL ECOSYSTEM. OUR MEMBER-DRIVEN EDUCATIONAL MEETUP GROUP, CALLED 4TH AND TOAST, GATHERED ONCE PER WEEK TO IMPROVE BUSINESS COMMUNICATION SKILLS IN A FUN, SUPPORTIVE ENVIRONMENT. THIS GROUP HOSTED 35 MEETUPS IN 2021. COLLIDER FOUNDATIONS PEER GROUPS BRING TOGETHER BUSINESS FOUNDERS TO HELP ASSIST AND GUIDE EACH OTHER ON THEIR ENTREPRENEURIAL JOURNEYS. COLLIDER CURRENTLY HOSTS THREE FOUNDER PEER GROUPS FOR MED/BIO, FOOD, AND FEMALE ENTREPRENEURS. OUR FEMALE FOUNDERS GROUP HAS ASSISTED 16 DIFFERENT BUSINESSES THROUGH 16 HOURS OF MEETUPS THIS YEAR. OUR MED/BIO FOUNDERS GROUP HAS ASSISTED 9 DIFFERENT BUSINESSES THROUGH 12 HOURS OF
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Traci Downs President | Officer | 0 | $0 |
Lance Resner Treasurer | Officer | 0 | $0 |
Ann Marie Ladd Secratary | Officer | 0 | $0 |
Jamie Sundsbak Key Employee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $224,264 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,264 |
| Total Program Service Revenue | $156,078 |
| Investment income | $393 |
| 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 | $380,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,500 |
| 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. | $56,424 |
| Compensation of current officers, directors, key employees. | $5,642 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,410 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,350 |
| Advertising and promotion | $770 |
| Office expenses | $3,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,775 |
| Travel | $1,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,780 |
| All other expenses | $0 |
| Total functional expenses | $306,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,265 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,265 |
| 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 | $198 |
| Total liabilities | $198 |
| 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 | $155,067 |
| Total liabilities and net assets/fund balances | $155,265 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Collider Foundation has recieved totaling $98,319.
| Awarding Organization | Amount |
|---|---|
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT TO DEVELOP AND PILOT EDUCATIONAL PROGRAMMING THAT TEACHES ENTREPRENEURS FROM LOW-INCOME ZIP CODES OR FEDERALLY RECOGNIZED ECONOMICALLY DISTRESSED COMMUNITIES HOW-TO IDENTIFY AND ACCESS EXISTING AND NEW ENTREPRENEURSHIP RESOURCES. 201905-6523 | $98,233 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $86 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Consortium Of Community Developers Minneapolis, MN | $14,565,346 | $14,747,823 |
Wisconsin Womens Business Initiative Corporation Milwaukee, WI | $42,014,379 | $10,583,804 |
Women Venture St Paul, MN | $7,708,341 | $8,474,014 |
Urban Ventures Leadership Foundation Minneapolis, MN | $23,559,763 | $6,521,879 |
Bioconnect Iowa Des Moines, IA | $1,127,931 | $1,803,790 |
Startingblock Madison Inc Madison, WI | $3,788,993 | $962,585 |
Lakota Fund Kyle, SD | $17,004,625 | $4,059,450 |
Central Minnesota Development Company Andover, MN | $3,109,444 | $999,166 |
Northeast South Dakota Economic Corporation Sisseton, SD | $28,795,164 | $2,763,514 |
Beta Group Minneapolis, MN | $157,595 | $502,721 |
Women In Progress Inc Minneapolis, MN | $458,547 | $441,350 |
Iowa Community Capital Boone, IA | $2,471,585 | $1,776,388 |