Southwest Colorado Accelerator Program For Entrepreneurs
- Assets
- $1.4m
- Revenue
- $966.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Durango, CO
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-3053767
Organization Overview
Southwest Colorado Accelerator Program For Entrepreneurs is located in Durango, CO. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Colorado Accelerator Program For Entrepreneurs 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, Southwest Colorado Accelerator Program For Entrepreneurs generated $966.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.4% each year . All expenses for the organization totaled $222.5k during the year ending 12/2021. While expenses have increased by 28.4% per year over the past 7 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
SCAPE IS THE SOUTHWEST COLORADO ACCELERATOR PROGRAM FOR ENTREPRENEURS. OUR MISSION IS TO HELP CREATE MORE HIGH GROWTH, JOB CREATING COMPANIES IN SOUTHWEST COLORADO; THROUGH OFFERING AN ACCELERATOR PROGRAM WHICH PROVIDES ACCESS TO FUNDING, EDUCATION AND INTENSE MENTORING TO STARTUPS AND EARLY STAGE COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 SCAPE WORKED WITH 7 COMPANIES, AND HELPED THEM RAISE SEVERAL MILLON DOLLARS FROM LOCAL ANGEL INVESTORS SO THEY COULD EXPAND AND HIRE LOCALLY. SCAPE CONTINUED TO SUPPORT 15 PORTFOLIO COMPANIES WITH MENTORING AS THEY GREW TO THE NEXT LEVEL. DURING 2021 SEVERAL VIRTUAL AND IN PERSON COMMUNITY WIDE EVENTS WERE DONE TO SUPPORT 100 ADDITIONAL ENTREPRENEURS AT ALL LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Marsh Executive Dir. | Officer | 40 | $83,482 |
John Wolgamott Chairman | OfficerTrustee | 10 | $0 |
Gary Masner Director | Trustee | 20 | $0 |
Laura Lewis Marchino Director | Trustee | 2 | $0 |
Bill Johnsen Director | Trustee | 2 | $0 |
Jim Mackay Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,093 |
| Total Program Service Revenue | $6,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $705,043 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $966,636 |
| 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. | $83,482 |
| Compensation of current officers, directors, key employees. | $9,183 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,201 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,137 |
| Payroll taxes | $9,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $210 |
| Fees for services: Accounting | $5,972 |
| Fees for services: Lobbying | $15,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,257 |
| Advertising and promotion | $8,390 |
| Office expenses | $1,849 |
| Information technology | $4,101 |
| Royalties | $0 |
| Occupancy | $9,448 |
| 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 | $197 |
| Insurance | $118 |
| All other expenses | $1,308 |
| Total functional expenses | $222,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,002,465 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,173 |
| 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 | $1,956 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $364,549 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,378,143 |
| Accounts payable and accrued expenses | $8,029 |
| 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 | $8,029 |
| Net assets without donor restrictions | $1,370,114 |
| 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 | $1,378,143 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Southwest Colorado Accelerator Program For Entrepreneurs has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Kenneth Kendal King Foundation Denver, CO PURPOSE: ENTREPRENEURISM, FOR THE SCAPE ACCELERATOR PROGRAM. | $20,000 |
Kenneth Kendal King Foundation Denver, CO PURPOSE: ENTREPRENEURISM, FOR THE SCAPE ACCELERATOR PROGRAM. | $20,000 |
Kenneth Kendal King Foundation Denver, CO PURPOSE: ENTREPRENEURISM, FOR THE SCAPE ACCELERATOR PROGRAM. | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asu Research Enterprise Tempe, AZ | $25,129,055 | $57,628,345 |
Vail Veterans Foundation Inc Vail, CO | $5,635,984 | $6,130,638 |
Green Ribbon Legacy Inc Westwood, KS | $91,095,943 | $6,648,602 |
Child Management Associates Inc West Jordan, UT | $745,530 | $4,089,483 |
Jewish Community Center Of Greater Albuquerque Inc Albuquerque, NM | $6,558,592 | $4,620,068 |
Ability Foundation Salt Lake City, UT | $325,604 | $2,975,288 |
Adopt-A-Native-Elder Park City, UT | $4,032,209 | $3,549,429 |
East Central Kansas Coordinated Transit Council Inc Burlington, KS | $263,299 | $2,310,407 |
Recovery Empowerment Network Of Maricopa County Inc Phoenix, AZ | $3,461,181 | $2,072,199 |
Offender Services Inc Grand Junction, CO | $6,175,882 | $3,129,899 |
The Early Childhood Council Of Larimer County Fort Collins, CO | $816,014 | $2,288,612 |
Living United For Change In Arizona Phoenix, AZ | $7,602,405 | $3,288,844 |