Bside Fund
- Assets
- $919.4k
- Revenue
- $47.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-3382379
Organization Overview
Bside Fund is located in Denver, CO. The organization was established in 2020. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bside Fund 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, Bside Fund generated $47.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (36.7%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND STIMULATE THE PROSPERITY AND ECONOMIC WELFARE OF DIVERSE SMALL BUSINESSES CREATING SUSTAINABLE, LIVING-WAGE JOBS WITHIN UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE CORPORATION IS TO FOSTER AND STIMULATE THE PROSPERITY AND ECONOMIC WELFARE OF DIVERSE SMALL BUSINESSES CREATING SUSTAINABLE, LIVING-WAGE JOBS WITHIN UNDERSERVED COMMUNITIES. THIS IS ACHIEVED THROUGH OUR LOAN PROGRAM OFFERING BUSINESSES LOANS AT AFFORDABLE RATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karol Jones Cfo Treasurer-Thru 10/18/21 | OfficerTrustee | 1 | $0 |
Erin Beckstein President-Thru 10/18/21 | OfficerTrustee | 1 | $0 |
Christopher Myers Chief Executive Officer | OfficerTrustee | 1 | $0 |
Rick Whipple President | OfficerTrustee | 1 | $0 |
Tom Francis Vice President | OfficerTrustee | 1 | $0 |
Daniel Ryley Treasurer | OfficerTrustee | 1 | $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 | $40,868 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,868 |
| Total Program Service Revenue | $0 |
| Investment income | $6,692 |
| 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 | $47,560 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $281 |
| Information technology | $1,258 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,082 |
| All other expenses | -$20,183 |
| Total functional expenses | -$1,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $575,135 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $993 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $321,987 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,682 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,631 |
| Total assets | $919,428 |
| Accounts payable and accrued expenses | $23,280 |
| 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 | $821,226 |
| Other liabilities | $0 |
| Total liabilities | $844,506 |
| Net assets without donor restrictions | $74,922 |
| 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 | $919,428 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bside Fund has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Zebras Unite Portland, OR PURPOSE: To further organizations mission | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |
Wichita Convention & Tourism Bureau Wichita, KS | $3,697,930 | $5,439,635 |
South Central Kansas Economic Development District Inc Sckedd Bel Aire, KS | $6,963,572 | $7,360,259 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
I2e Inc Oklahoma City, OK | $27,869,803 | $5,344,576 |
Partnership For Economic Innovation Tempe, AZ | $1,809,665 | $4,093,737 |
Albuquerque Convention & Visitors Bureau Inc Albuquerque, NM | $3,028,509 | $4,018,411 |
Greater Northwest Kansas Community Foundation Bird City, KS | $47,390,567 | $21,199,864 |
Karis Inc Grand Junction, CO | $4,115,604 | $3,050,096 |