Colorado Robotics Excelling Atscience & Technology
- Assets
- $589.5k
- Revenue
- $357.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Longmont, CO
- Founding
- 06/2008
- Data as of
- 06/2023
- EIN
- 26-0597359
Organization Overview
Colorado Robotics Excelling Atscience & Technology, operating under the name Coloradofirst, is located in Longmont, CO. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coloradofirst 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 06/2023, Coloradofirst generated $357.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $353.1k during the year ending 06/2023. While expenses have increased by 6.9% 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
THE MISSION OF COLORADOFIRST IS TO DELIVER HIGH-QUALITY FIRST ROBOTICS PROGRAMS TO STUDENTS IN COLORADO INCLUDING MANAGING TOURNAMENTS, SUPPORTING TEAMS, AND WORKING WITH OUR PROGRAM MENTORS. OUR LONG-TERM GOAL IS TO DEVELOP THE BUSINESS AND TECHNOLOGY LEADERS OF TOMORROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PAST SEASON WE HAD RECOVERY OF STUDENT PARTICIPATION ALMOST BACK TO PRE-COVID LEVELS WITH A TOTAL OF 5,189 STUDENTS PARTICIPATING COMPARED TO 2,769 IN 2021 AND 5,680 IN 2020. WE HELD 41 LIVE EVENTS (FLL-E 12, FLL-C 12, FTC 14, FRC 3). THE MAJORITY OF THESE WERE ROBOT COMPETITIONS BUT THERE WERE ALSO TRAINING AND SCRIMMAGE EVENTS AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William S Schneider President | OfficerTrustee | 2 | $0 |
Leslie Karnauskas Treasurer | OfficerTrustee | 2 | $0 |
Dawn Lutz Director | Trustee | 2 | $0 |
Mark Valerio Director | Trustee | 2 | $0 |
Rodger Stewart Chief Growth | Trustee | 2 | $0 |
Tribby Warfield Chief Market | 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 | $269,520 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,520 |
| Total Program Service Revenue | $83,395 |
| Investment income | $4,406 |
| 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 | $357,321 |
| 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 | $5,783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,858 |
| Office expenses | $0 |
| Information technology | $3,001 |
| Royalties | $0 |
| Occupancy | $853 |
| Travel | $11,149 |
| 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 | $3,309 |
| All other expenses | $51,680 |
| Total functional expenses | $353,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,995 |
| Savings and temporary cash investments | $395,535 |
| Pledges and grants receivable | $18,003 |
| 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 | $589,533 |
| Accounts payable and accrued expenses | $128,945 |
| 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 | $128,945 |
| Net assets without donor restrictions | $460,588 |
| 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 | $589,533 |