Energize Colorado Inc
- Assets
- $4.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Boulder, CO
- Founding
- Data as of
- 12/2021
- EIN
- 85-1446446
Organization Overview
Energize Colorado Inc is located in Boulder, CO. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Energize Colorado Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energize Colorado 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 12/2021, Energize Colorado Inc generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $604.5k during the year ending 12/2021. 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
CATALYZING CHANGE FOR A MORE RESILIENT AND EQUITABLE SMALL-BUSINESS ECOSYSTEM ACROSS THE STATE OF COLORADO. IGNITING THE TRANSFORMATION OF COLORADO'S SMALL-BUSINESS ECOSYSTEM, WE BRING TOGETHER INNOVATIVE THINKERS, SMALL-BUSINESS OWNERS AND ENTREPRENEURS, AND NON-PROFIT AND CIVIC PARTNERS TO COLLABORATIVELY TACKLE THE BIGGEST CHALLENGES FACING SMALL BUSINESSES. WE BUILD AND TEST SOLUTIONS THAT EMPOWER SMALL BUSINESSES FOR ECONOMIC GROWTH THROUGH EDUCATION AND MENTORSHIP, TECHNOLOGICAL INNOVATION, ACCESS TO CAPITAL, AND INVESTMENT IN STRATEGIC PROGRAMS CREATING A MORE RESILIENT AND INCLUSIVE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GAP FUND IS A GRANT AND LOW-INTEREST LOAN MAKING PROGRAM FUNDING BY BOTH PUBLIC AND PRIVATE MONIES. BY THE END OF 2020 $26,000,000 WAS DISTRIBUTED IN THE FORM OF GRANTS WITH PRIORITY GIVEN TO SMALL BUSINESSES WITH LESS THAN 25 FULL-TIME EMPLOYEES, THOSE OWNED BY BIPOC, WOMEN, AND VETERANS, AS WELL AS THOSE LOCATED IN RURAL COLORADO. FUNDING WAS DISTRIBUTED TO 2,064 BUSINESSES THROUGH A NETWORK OF 13 REGIONAL LOAN FUNDS AND COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS.
ALONG WITH FUNDING, WE BUILT A SET OF PROGRAMS THAT DIRECTLY SERVED AN ADDITIONAL 8,000 SMALL BUSINESSES. THESE PROGRAMS CONNECTED BUSINESS OWNERS WITH MENTORSHIP, MENTAL HEALTH RESOURCES, PPE AND OTHER REOPENING SUPPORT, AS WELL AS EXTERNAL MARKETING TO TELL THE STORIES OF RESILIENT BUSINESSES. IN TOTAL NEARLY 400 VOLUNTEERS WORKED ACROSS THESE PROGRAMS AND DIRECTLY WITH SMALL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Romano Chief Operating Officer | Officer | 40 | $83,729 |
Brad Feld Chair | OfficerTrustee | 1 | $0 |
Marc Nager Finance Committee Chair | OfficerTrustee | 1 | $0 |
Erik Drummond Finance Committee Member | OfficerTrustee | 1 | $0 |
Wendy Lea Member & CEO | OfficerTrustee | 40 | $0 |
Meg Porfido Member | Trustee | 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 | $2,500,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500,004 |
| Total Program Service Revenue | $0 |
| 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 | $2,500,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,728 |
| Compensation of current officers, directors, key employees. | $46,266 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,590 |
| Payroll taxes | $6,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,768 |
| Fees for services: Accounting | $15,894 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184,405 |
| Advertising and promotion | $48,864 |
| Office expenses | $12,443 |
| Information technology | $83,049 |
| 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 | $8,641 |
| All other expenses | $87,257 |
| Total functional expenses | $604,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,257,476 |
| 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 | $4,257,476 |
| Accounts payable and accrued expenses | $1,637 |
| 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 | $0 |
| Total liabilities | $1,637 |
| Net assets without donor restrictions | $4,255,839 |
| 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 | $4,257,476 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Energize Colorado Inc has recieved totaling $1,215,000.
| Awarding Organization | Amount |
|---|---|
Kaiser Foundation Health Plan Of Colorado Oakland, CA PURPOSE: Gap Fund Small Business Recovery Loan Program | $1,000,000 |
Denver Foundation Denver, CO PURPOSE: THIS GRANT IS THE DIGITAL READINESS PROGRAM. | $150,000 |
The Piton Foundation Denver, CO PURPOSE: SUPPORT A CHILD CARE PROGRAM ACCELERATOR WITH NEW AND EXPANDED CHILD CARE PROGRAMS AND IMPROVED BUSINESS MODELS | $50,000 |
Mile High United Way Inc Denver, CO PURPOSE: OTHER GRANT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Of Glendale Municipal Property Corporation Glendale, AZ | $246,934,000 | $15,805,000 |
Northeast Nebraska Community Action Partnership Inc Pender, NE | $3,455,970 | $8,987,958 |
Sun City Oro Valley Community Association Inc Oro Valley, AZ | $28,029,235 | $8,742,643 |
Estrella Joint Committee Inc A Non-Profit Corporation Scottsdale, AZ | $5,462,539 | $8,224,629 |
Villages At Estrella Mountain Ranch Community Association Scottsdale, AZ | $5,670,197 | $7,276,595 |
Capacity Builders Inc Farmington, NM | $637,038 | $4,802,457 |
Downtown Denver Inc Denver, CO | $16,400,414 | $3,557,827 |
Step One Foundation Inc Prescott Valley, AZ | $1,032,360 | $2,189,469 |
The Willow Domestic Violence Center Inc Lawrence, KS | $1,107,749 | $1,909,779 |
Ralston House Arvada, CO | $2,291,601 | $1,890,985 |
The Greenway Foundation Inc Denver, CO | $2,809,752 | $1,248,678 |
Mechanical Contractors Association Of Colorado Denver, CO | $0 | $1,885,998 |