Colorado Technology Association
- Assets
- $933.6k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Denver, CO
- Founding
- 07/1995
- Data as of
- 12/2021
- EIN
- 84-1263735
Organization Overview
Colorado Technology Association is located in Denver, CO. The organization was established in 1995. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Colorado Technology Association employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Technology Association 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 12/2021, Colorado Technology Association generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
CTA'S LARGEST EVENT IS CALLED C-LEVEL @ A MILE HIGH, AND IS DESIGNED TO FACILITATE BETTER BUSINESS OPPORTUNITIES BETWEEN CIO'S ACROSS ALL INDUSTRIES WITH TECHNOLOGY COMPANIES AND PROFESSIONALS ACROSS THE STATE. CTA ORGANIZES THE ENTIRE EVENT, IDENTIFIES KEY CIO'S AND VP'S OF I.T. TO PARTICIPATE, AND THE EVENT ATTRACTED 658 ATTENDEES TO INCREASE UNDERSTANDING TO BETTER FACILITATE BUSINESS IN THE STATE.
CTA'S GENERAL OPERATIONS AND MEMBERSHIP ACTIVITIES, WHICH INCLUDE INVOLVEMENT FROM EMPLOYEES OF MEMBER COMPANIES, IS OUR SECOND LARGEST INITIATIVE. THE ACTIVITIES IN WHICH MEMBERS PARTICIPATEINCLUDE EVERYTHING FROM ATTENDING PROGRAMS AND WORKSHOPS FOR ENHANCED INFORMATION, TO HELPING THE ORGANIZATION EXECUTE ITS SPECIAL EVENTS AND PROGRAMS. CTA ALSO WORKED AGAIN IN 2020 TO INCREASE AWARENESSS AND UNDERSTANDING WITH BUSINESS AND LEGISLATIVE LEADERS, AS WELL AS IN THE AREA OF STEM EDUCATION TO INCREASE THE NUMBER OF STUDENTS INTERESTED IN TECHNOLOGY CAREERS. THIS IS AN AREA OF INVESTMENT FOR THE ORGAINZATION, AND THE OBJECTIVE IS TO OFFSET EXPENSES BOTH THROUGH MEMBERSHIP AND SPONSORSHIPS AS WELL AS EVENTS.
CTA'S WORKSHOPS, PROGRAMS, WOMEN IN TECH CONFERENCE AND ANNUAL AWARDS EVENT (APEX) ALL COMPRISE THE THIRD SIGNIFICANT PROGRAM AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frannie Matthews President & CEO | Officer | 40 | $229,675 |
Monica Coughlin Chief Operating Officer | 40 | $161,084 | |
Mark Fitzgerald Vice Chair | OfficerTrustee | 1 | $0 |
Kassendra Galindo Secretary | OfficerTrustee | 1 | $0 |
Eileen Baines Chair Elect | OfficerTrustee | 1 | $0 |
William Mueldener Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $127,925 |
| 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 | $127,925 |
| Total Program Service Revenue | $1,445,411 |
| Investment income | $3 |
| 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 | $1,573,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,206 |
| 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. | $235,843 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $593,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,136 |
| 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 | $0 |
| Fees for services: Other | $312,193 |
| Advertising and promotion | $12,202 |
| Office expenses | $8,728 |
| Information technology | $25,109 |
| Royalties | $0 |
| Occupancy | $37,950 |
| Travel | $7,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,900 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,076 |
| All other expenses | $0 |
| Total functional expenses | $1,348,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $832,597 |
| Savings and temporary cash investments | $27,484 |
| Pledges and grants receivable | $23,152 |
| Accounts receivable, net | $6,807 |
| 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 | $43,600 |
| 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 | $933,640 |
| Accounts payable and accrued expenses | $13,914 |
| Grants payable | $0 |
| Deferred revenue | $345,292 |
| 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 | $18,040 |
| Total liabilities | $377,246 |
| Net assets without donor restrictions | $556,394 |
| 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 | $933,640 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Park City Area Chamber Of Commerce Convention & Visitors Buerau Park City, UT | $9,039,229 | $12,386,201 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |
Arizona Association Of Realtors Phoenix, AZ | $41,549,602 | $11,298,614 |
Commercial Real Estate Women Network Lawrence, KS | $20,981,999 | $6,251,461 |
Colorado Lending Source Ltd Denver, CO | $12,386,604 | $5,983,291 |
Salt Lake Area Chamber Of Commerce Salt Lake City, UT | $6,300,814 | $5,364,414 |
Colorado Springs Convention Visitors Bureau Colorado Springs, CO | $5,599,246 | $5,101,017 |
Arizona Chamber Of Commerce Scottsdale, AZ | $2,431,863 | $4,265,420 |
Visit Mesa Mesa, AZ | $4,162,737 | $5,173,998 |