Boulder Sbdc Foundation
- Assets
- $445.2k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Boulder, CO
- Founding
- Data as of
- 12/2022
- EIN
- 83-2726814
Organization Overview
Boulder Sbdc Foundation is located in Boulder, CO. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Boulder Sbdc Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boulder Sbdc 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, Boulder Sbdc Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 8.8% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BOULDER SMALL BUSINESS DEVELOPMENT CENTER (SBDC) IS A HANDS-ON, ECONOMIC DEVELOPMENT AND BUSINESS ASSISTANCE NONPROFIT WHOSE MISSION IS TO SUPPORT THE GROWTH AND RESILIENCY OF SMALL BUSINESSES IN BOULDER COUNTY BY PROVIDING FREE BUSINESS CONSULTING, PRACTICAL WORKSHOPS & EVENTS AND CONNECTION TO RESOURCES, INCLUDING FINANCING. THE SBDC HELPS ALL TYPES OF SMALL BUSINESSES - FROM STARTUPS THROUGH 2ND STAGE, FROM MAIN STREET THROUGH HIGHLY SCALABLE TECHNOLOGY VENTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORE MAIN STREET BUSINESSESTHE CORE SBDC PROGRAM FOCUSES ON SMALL BUSINESSES IN THE COUNTY - RETAIL, RESTAURANTS AND SERVICE BUSINESSES - WHAT ECONOMIC DEVELOPMENT DEFINES AS SECONDARY EMPLOYERS (GREATER THAN 50% OF THEIR REVENUE COME FROM OUTSIDE THE AREA). WE SUPPORT THE GROWTH AND RESILIENCY OF THESE SMALL BUSINESSES PROVIDING FREE BUSINESS CONSULTING, PRACTICAL, LOW-COST OR FREE WORKSHOPS, AND CONNECTION TO RESOURCES, INCLUDING FINANCING. ENTREPRENEURSHIP SERIES ARE PRODUCED TO HELP STARTUPS. SPECIAL PROGRAMMING (I.E. CONTRACT OPPORTUNITIES FAIR) IS PRODUCE ANNUALLY TO PROVIDE NEW REVENUE OPPORTUNITIES. CONSULTING IS PROVIDED BY THE CENTER STAFF AS WELL AS BY A LARGE POOL OF CONTRACT SPECIALIST CONSULTANTS.
COLORADO EMERGING VENTURESCOLORADO EMERGING VENTURES (CEV) IS A TARGETED CONSULTING AND EDUCATION PROGRAM DEVELOPED TO ASSIST SCALABLE PRE- AND POST-REVENUE BUSINESSES THAT ARE POISED FOR HIGH GROWTH - INCLUDING BIOTECH, IT, AEROSPACE, CLEANTECH, OUTDOOR AND NATURAL PRODUCTS AND OTHER KEY INDUSTRIES. CEVS SIGNATURE PROGRAM IS THE TECH VENTURE ACCELERATOR (TVX), A COHORT PROGRAM TO HELP ACCELERATE THE GROWTH AND DEVELOPMENT OF BOULDERS SCIENCE & TECHNOLOGY BUSINESSES.DIFFERENT FROM OTHER ACCELERATORS AND INCUBATORS, THE FOCUS IS ON NON-DILUTIVE CAPITAL SOURCES FOR SMALL INNOVATIVE BUSINESSES (WHERE THE COMPANY DOES NOT GIVE UP OWNERSHIP), INCLUDING SBIR/STTR GRANTS, FEDERAL R&D TAX CREDITS AND SUPPORT FOR TECHNOLOGY COMMERCIALIZATION TO GET TO MARKET FASTER. AFTER PILOTING CEV/TVX LOCALLY FOR SEVERAL YEARS, THE PROGRAM EXPANDED STATEWIDE AS THE COLORADO SBDC TECHSOURCE. IT SUPPORTS THE LAUNCH AND GROWTH OF COLORADO SCIENCE AND TECHNOLOGY VENTURES-STARTUP THROUGH SECOND STAGE-WITH SPECIALIZED CONSULTING, ACCELERATOR PROGRAMS, WORKSHOPS AND EVENTS - WITH SPECIAL FOCUS ON UNDERSERVED COMMUNITIES.
SPECIAL IMPACT PROGRAMSPDISASTER- MARSHALL FIRE RESPONSE & RECOVERYTHE MARSHALL FIRE DISASTER OCCURRED ON DECEMBER 30, 2021 IN BOULDER COUNTY, COLORADO (THE AREA SERVED BY THE BOULDER SBDC). THE PRESIDENTIAL DISASTER DECLARATION WAS DR4634 MARSHALL FIRE AND STRAIGHT LINE WINDS. BOULDER SBDC IMMEDIATELY STOOD UP A DISASTER RESPONSE TEAM TO ASSIST BUSINESSES IMPACTED BY THE FIRES. THE TEAM STAFFED A TABLE AT THE DISASTER ASSISTANCE CENTER (ALONG WITH SBA, FEMA, LOCAL GOVERNMENTS AND NONPROFITS) FOR MOST OF JANUARY 2022, ASSISTING 250 BUSINESSES TO GRAPPLE WITH THE IMPACTS OF THE FIRE. THE TEAM PROVIDED TECHNICAL ASSISTANCE TO HELP BUSINESSES TO APPLY FOR DISASTER FUNDING. THE SUPPORT CONTINUED THROUGHOUT 2022 INCLUDING COLLABORATIONS WITH STATE, COUNTY AND CITY INITIATIVES (I.E. GRANTS) TO AID WITH BUSINESS RECOVERY. COVID PANDEMIC RECOVERY - ARPA/SLFRFBUSINESS EDUCATIONAL PROGRAMS AND TECHNICAL SUPPORT FOR THE RECOVERY OF SMALL BUSINESSES DUE TO THE COVID PANDEMIC CONTINUED THROUGHOUT 2022. THIS INCLUDED BASIC BUSINESS WORKSHOPS AND ONE-ON-ONE CONFIDENTIAL CONSULTING, AS WELL AS SPECIALIZED TOPICS TO HELP BUSINESSES TO REBUILD THEIR CUSTOMER BASES. ACCELERATED GROWTH PROGRAM - EMRAC/INSIGHT - MARKET RESEARCH STATEWIDE PROGRAMTHE STATE OF COLORADO LEGISLATORS FUNDED THIS SPECIALLY-DESIGNED PROGRAM TO SUPPORT THE RECOVERY AND GROWTH OF SMALL BUSINESSES THROUGHOUT THE STATE. BUILT ON THE FOUNDATION OF ACCESSING MARKET RESEARCH DATA TO INFORM STRATEGIC BUSINESS DECISIONS, WE DEVELOPED AND PRODUCED FIVE ONLINE LEARNING MODULES THAT SMALL BUSINESS OWNERS WOULD WORK THROUGH (INCLUDING TESTS AND "HOMEWORK"). IN PARALLEL WITH THE ONLINE TRAINING, THE TEAM HELD ONE-ON-ONE CONSULTING MEETINGS WITH THE BUSINESS OWNERS TO PROVIDE INSIGHTS AND ADDITIONAL RESEARCH AS THEY MADE THEIR GROWTH DECISIONS. AS PART OF THIS PROGRAM, 18 CONSULTANTS WERE TRAINED TO USE THE MARKET RESEARCH TOOLS AND TO ASSIST THE BUSINESSES. THOSE CONSULTANTS WILL CONTINUE TO WORK WITH SBDC SMALL BUSINESSES, STATEWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon King Exec. Director | Officer | 45 | $126,600 |
Jamie Brandess Program Director | 40 | $80,000 | |
Rachel Garcia Program Director | 40 | $80,000 | |
William F Jones Jr Director | Trustee | 2 | $0 |
Carrie Schiff Director | Trustee | 1 | $0 |
Joey Jenkins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $761,865 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,076 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,131,941 |
| Total Program Service Revenue | $0 |
| Investment income | $80 |
| 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 | $1,132,021 |
| 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. | $317,864 |
| Compensation of current officers, directors, key employees. | $54,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,927 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,245 |
| Payroll taxes | $29,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $542,506 |
| Advertising and promotion | $1,974 |
| Office expenses | $9,914 |
| Information technology | $52,983 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,360 |
| 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 | $7,925 |
| All other expenses | $2,795 |
| Total functional expenses | $1,103,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,359 |
| Savings and temporary cash investments | $442,833 |
| Pledges and grants receivable | $0 |
| 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 | $1 |
| Total assets | $445,193 |
| Accounts payable and accrued expenses | $0 |
| 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 | $838 |
| Total liabilities | $838 |
| Net assets without donor restrictions | $444,355 |
| 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 | $445,193 |