Exponential Impact
- Assets
- $3.8m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Colorado Springs, CO
- Founding
- 04/2018
- Data as of
- 12/2022
- EIN
- 82-2707012
Organization Overview
Exponential Impact is located in Colorado Springs, CO. The organization was established in 2018. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Exponential Impact employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exponential Impact 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, Exponential Impact generated $3.0m in total revenue. All expenses for the organization totaled $2.0m during the year ending 12/2022.
Since 2021, Exponential Impact has awarded 71 individual grants totaling $1,646,900. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT ENTREPRENEURS WITH EDUCATIONAL RESOURCES, TRAINING, MENTORSHIP, ACCESS TO CAPITAL, AND A SHARED OPERATING SPACE IN THE COLORADO SPRINGS REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CONNECT ENTREPRENEURS WITH EDUCATIONAL RESOURCES, TRAINING, MENTORSHIP, ACCESS TO CAPITAL, AND A SHARED OPERATING SPACE IN THE COLORADO SPRINGS REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natasha Main Executive Director (term 6/22) | OfficerTrustee | 40 | $53,333 |
Vance Brown Executive Director | OfficerTrustee | 40 | $34,981 |
Betsy Brown Director | Trustee | 1 | $0 |
Kyle Hybl Vice Chair | OfficerTrustee | 1 | $0 |
Chris Jenkins Director | Trustee | 1 | $0 |
Jeff Greene Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,661,007 |
| All other contributions, gifts, grants, and similar amounts not included above | $376,912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,037,919 |
| Total Program Service Revenue | $235 |
| Investment income | $5,445 |
| 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 | $3,043,599 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,300,700 |
| 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. | $91,543 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,989 |
| Payroll taxes | $21,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,090 |
| Fees for services: Accounting | $14,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,281 |
| Advertising and promotion | $2,454 |
| Office expenses | $9,990 |
| Information technology | $158,939 |
| Royalties | $0 |
| Occupancy | $2,371 |
| Travel | $9,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,665 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,980 |
| Insurance | $10,404 |
| All other expenses | $574 |
| Total functional expenses | $1,979,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,141,059 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,226 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $427,613 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $158,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,778,747 |
| Accounts payable and accrued expenses | $20,431 |
| 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 | $1,849,784 |
| Total liabilities | $1,870,215 |
| Net assets without donor restrictions | $966,282 |
| Net assets with donor restrictions | $942,250 |
| 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 | $3,778,747 |
Grants Awarded
Over the last fiscal year, Exponential Impact has awarded $1,221,900 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
(A &K INC) XIANG'S KITCHEN PURPOSE: General Support | $30,000 |
3E'S COMEDY CLUB PURPOSE: General Support | $50,000 |
ALMAGRE VENUE BAR PURPOSE: General Support | $15,000 |
ASPEN SIGN & LIGHTING CO INC PURPOSE: General Support | $25,000 |
BUFFALO LODGE BICYCLE RESORT LLC PURPOSE: General Support | $50,000 |
CAREFREE BAR AND GRILL PURPOSE: General Support | $15,000 |