Colorado Business Development Foundation
- Assets
- $172.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Littleton, CO
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-2118144
Organization Overview
Colorado Business Development Foundation is located in Littleton, CO. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Business Development Foundation 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 12/2022, Colorado Business Development Foundation generated $52.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $146.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Colorado Business Development Foundation has awarded 25 individual grants totaling $435,795. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
COLORADO BUSINESS RESOURCE BOOK - SOLD APPROXIMATELY 900 BOOKS, GAVE AWAY APPROXIMATELY 500 BOOKS TO AROUND 1,400 ENTREPRENEURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aikta Marcoulier President | 1 | $0 | |
Sara Knudsen Executive Dir. | 10 | $0 | |
Tia Kavas Secretary | 1 | $0 | |
Rosy Aburto Mcdonough Treasurer | 1 | $0 | |
Sharon King Director | 0.5 | $0 | |
Mary Shepard Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,846 |
| Total Program Service Revenue | $22,700 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $52,546 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $46,182 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $28,735 |
| Other expenses | $53,842 |
| Total expenses | $146,759 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,090 |
| Other assets | $0 |
| Total assets | $172,090 |
| Total liabilities | $10,185 |
| Net assets or fund balances | $161,905 |
Grants Awarded
Over the last fiscal year, Colorado Business Development Foundation has awarded $149,728 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BOULDER SBDC PURPOSE: P2E PROGRAM CONSULTING | $27,440 |
AURORA-SOUTH METRO SBDC (CITY OF AURORA) PURPOSE: MINORITY, VETERAN AND WOMEN-OWNED BUSINESS CONSULTING AND PROGRAMMING | $25,590 |
LINCOLN COUNTY EDC PURPOSE: CERTIFIED SMALL BUSINESS COMMUNITY CONSULTING AND PROGRAMMING | $24,895 |
RIO BLANCO COUNTY PURPOSE: CERTIFIED SMALL BUSINESS COMMUNITY CONSULTING AND PROGRAMMING | $9,266 |
PIKES PEAK SMALL BUSINESS DEVELOPMENT CENTER (EL PASO COUNTY) PURPOSE: MINORITY, VETERAN AND WOMEN-OWNED BUSINESS CONSULTING AND PROGRAMMING | $46,610 |
PROWERS COUNTY ECONOMIC PROSPERITY PURPOSE: CERTIFIED SMALL BUSINESS COMMUNITY CONSULTING AND PROGRAMMING | $5,805 |