Southwest Colorado Accelerator Program For Entrepreneurs
- Assets
- $1.3m
- Revenue
- $90.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Durango, CO
- Founding
- 08/2014
- Data as of
- 12/2023
- 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 12/2023, Southwest Colorado Accelerator Program For Entrepreneurs generated $90.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $293.8k during the year ending 12/2023. 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
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
SCAPE BUILT OUT A VIDEO LIBRARY IN 2023 TO HELP SERVE MORE ENTRPRENEURS AND PRESERVE CONTENT OF MENTORS. THE SCAPE COMPANIES CONTINUED TO RAISE ADDITIONAL INVESTMENTS, HIRE LOCAL EMPLOYEES, AND GROW. MANY COMMUNITY MEMBERS WERE SERVED THROUGH REGIONAL EVENTS AND MEETUPS. IN 2024 SCAPE WILL BE WORKING WITH ADDITIONAL NEW COMPANIES AND SUPPORTING OUR PORTFOLIO OF COMPANIES AS THEY GROW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Marsh Executive Di | OfficerTrustee | 40 | $106,416 |
John Wolgamott Chairman | OfficerTrustee | 10 | $0 |
Gary Masner Director | Trustee | 10 | $0 |
Jim Mackay Director | Trustee | 2 | $0 |
William Johnsen Director | Trustee | 2 | $0 |
Laura Lewis Marchino Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,621 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,321 |
| Total Program Service Revenue | $38,100 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$50,088 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,333 |
| 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. | $106,416 |
| Compensation of current officers, directors, key employees. | $21,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,974 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,366 |
| Payroll taxes | $13,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,000 |
| Fees for services: Accounting | $28,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,337 |
| Advertising and promotion | $6,747 |
| Office expenses | $1,921 |
| Information technology | $2,267 |
| Royalties | $0 |
| Occupancy | $9,600 |
| Travel | $1,519 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,578 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $465 |
| All other expenses | $0 |
| Total functional expenses | $293,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $906,975 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,087 |
| 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 | $1,977 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $398,818 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,309,857 |
| Accounts payable and accrued expenses | $65,195 |
| 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 | $65,195 |
| Net assets without donor restrictions | $1,244,662 |
| 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 | $1,309,857 |