Belay Enterprises Inc
- Assets
- $3.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 31
- Location
- Aurora, CO
- Founding
- 07/1996
- Data as of
- 09/2021
- EIN
- 84-1324465
Organization Overview
Belay Enterprises Inc is located in Aurora, CO. The organization was established in 1996. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Belay Enterprises Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belay Enterprises Inc 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 09/2021, Belay Enterprises Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $1.5m during the year ending 09/2021. While expenses have increased by 7.8% per year over the past 6 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
TO PARTNER WITH AREA CHURCHES TO DEVELOP BUSINESSES THAT EMPLOY AND JOB-TRAIN INDIVIDUALS REBUILDING LIVES FROM ADDICTION, HOMELESSNESS, PRISON, OR POVERTY IN ORDER TO STRENGTHEN FAMILIES AND NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BELAY ENTERPRISES SEEKS TO CREATE BUSINESSES THAT EMPLOY INDIVIDUALS REBUILDING LIVES FROM ADDICTION, PRISON, AND HOMELESSNESS
BUD'S WAREHOUSE- A BUSINESS DEVELOPED TO PROVIDE EMPLOYMENT FOR DISADVANTAGED INDIVIDUALS RECOVERING FROM ADDICTIONS, HOMELESSNESS, PRISON CONFINEMENT AND/OR POVERTY AND TO HELP THEM REBUILD THEIR LIVES AND STRENGTHEN AREA FAMILIES AND NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Reiner President/ex | Officer | 40 | $164,231 |
Josiah Alis Vice Chair | OfficerTrustee | 4 | $0 |
Kurt Suppes Treasurer | OfficerTrustee | 4 | $0 |
Spencer Swalm Chair | OfficerTrustee | 4 | $0 |
Richard Hess Director | Trustee | 2 | $0 |
Bruce Porter Director | Trustee | 2 | $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 | $1,780,151 |
| Noncash contributions included in lines 1a–1f | $1,440,230 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,780,151 |
| Total Program Service Revenue | $225,879 |
| Investment income | $408 |
| 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 | -$34,574 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,974,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $156,019 |
| Compensation of current officers, directors, key employees. | $32,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,864 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $159,858 |
| Payroll taxes | $236,174 |
| 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 | $38,307 |
| Advertising and promotion | $16,383 |
| Office expenses | $17,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $168,211 |
| Travel | $43,006 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $104,429 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,254 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,500,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,892 |
| Savings and temporary cash investments | $335,149 |
| 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 | $286,390 |
| Prepaid expenses and deferred charges | $19,869 |
| Net Land, buildings, and equipment | $2,872,610 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,858,910 |
| Accounts payable and accrued expenses | $120,437 |
| 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 | $2,325,078 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,445,515 |
| Net assets without donor restrictions | $1,413,395 |
| 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 | $3,858,910 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Belay Enterprises Inc has recieved totaling $43,500.
| Awarding Organization | Amount |
|---|---|
Adolph Coors Foundation Denver, CO PURPOSE: GENERAL OPERATIONS | $25,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $18,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Enterprise Fund Inc Denver, CO | $82,518,626 | $21,255,608 |
Rocky Mountain Community Reinvestment Corporation Salt Lake City, UT | $241,166,960 | $12,007,635 |
Local First Arizona Foundation Phoenix, AZ | $3,232,104 | $5,988,087 |
Business Development Finance Corporation Tucson, AZ | $22,193,625 | $4,107,444 |
Phoenix Community Development And Investment Corporation Phoenix, AZ | $40,907,790 | $6,695,939 |
Metafund Corporation Edmond, OK | $30,699,805 | $2,775,325 |
Sfs Development Inc Oklahoma City, OK | $22,888,253 | $6,807,080 |
Enterprise Center Of Johnson County Overland Park, KS | $1,026,412 | $1,656,304 |
Preferred Lending Partners Denver, CO | $1,354,948 | $1,342,208 |
Belay Enterprises Inc Aurora, CO | $3,858,910 | $1,974,052 |
West Community Economic Development Corporation Denver, CO | $2,372,449 | $847,271 |
Duncan Area Economic Development Foundation Duncan, OK | $17,794,309 | $1,169,335 |