Rockies Venture Club Inc
- Assets
- $56.5k
- Revenue
- $561.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Denver, CO
- Founding
- 06/1998
- Data as of
- 12/2023
- EIN
- 84-1000038
Organization Overview
Rockies Venture Club Inc is located in Denver, CO. The organization was established in 1998. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Rockies Venture Club Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockies Venture Club Inc 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 12/2023, Rockies Venture Club Inc generated $561.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $533.1k during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ROCKIES VENTURE CLUBS MISSION IS TO EDUCATE AND CONNECT ENTREPRENEURS AND INVESTORS IN ORDER TO FURTHER ECONOMIC DEVELOPMENT AND JOB CREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - RVC HAS DEVELOPED A CURRICULUM FOR ANGEL INVESTORS AND ENTREPRENEURS ALIKE TO EDUCATE THEM ON HOW VENTURE CAPITAL WORKS, HOW TO MAKE INTELLIGENT INVESTMENTS AND HOW TO PREPARE A COMPANY FOR VENTURE INVESTMENT. RVC DELIVERS WEEKLY WORKSHOPS SERVING APPROXIMATELY 750 PEOPLE EACH YEAR.
EVENTS - SEVERAL CONFERENCES AND EVENTS ARE HELD EACH YEAR TO FACILITATE AND EDUCATE DISCUSSIONS AROUND ENTREPRENEURSHIP AND INVESTMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Kudra Managing Director | OfficerTrustee | 40 | $75,708 |
Vaness Davison Governance | OfficerTrustee | 2 | $0 |
Kimberly Lucas Secretary | OfficerTrustee | 2 | $0 |
Suraya Yahaya Board Member | Trustee | 2 | $0 |
Randy Delprince Board Member | Trustee | 2 | $0 |
Yev Muchnik Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $165,979 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $164,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $433,448 |
| Total Program Service Revenue | $54,556 |
| Investment income | $0 |
| 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 | $561,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,833 |
| 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. | $105,700 |
| Compensation of current officers, directors, key employees. | $21,140 |
| Compensation to disqualified persons | $230,419 |
| Other salaries and wages | $4,076 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,967 |
| Fees for services: Accounting | $7,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,317 |
| Office expenses | $10,632 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,332 |
| Interest | $9,663 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,507 |
| All other expenses | $14,917 |
| Total functional expenses | $533,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,661 |
| 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 | $21,824 |
| 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 | $56,485 |
| 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 | $18,232 |
| Other liabilities | $0 |
| Total liabilities | $18,232 |
| Net assets without donor restrictions | $38,253 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $56,485 |