Colorado Technology Association

Organization Overview

Colorado Technology Association is located in Denver, CO. The organization was established in 1995. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Colorado Technology Association employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Technology Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Colorado Technology Association generated $1.6m 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 (4.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

CTA'S LARGEST EVENT IS CALLED C-LEVEL @ A MILE HIGH, AND IS DESIGNED TO FACILITATE BETTER BUSINESS OPPORTUNITIES BETWEEN CIO'S ACROSS ALL INDUSTRIES WITH TECHNOLOGY COMPANIES AND PROFESSIONALS ACROSS THE STATE. CTA ORGANIZES THE ENTIRE EVENT, IDENTIFIES KEY CIO'S AND VP'S OF I.T. TO PARTICIPATE, AND THE EVENT ATTRACTED 658 ATTENDEES TO INCREASE UNDERSTANDING TO BETTER FACILITATE BUSINESS IN THE STATE.


CTA'S GENERAL OPERATIONS AND MEMBERSHIP ACTIVITIES, WHICH INCLUDE INVOLVEMENT FROM EMPLOYEES OF MEMBER COMPANIES, IS OUR SECOND LARGEST INITIATIVE. THE ACTIVITIES IN WHICH MEMBERS PARTICIPATEINCLUDE EVERYTHING FROM ATTENDING PROGRAMS AND WORKSHOPS FOR ENHANCED INFORMATION, TO HELPING THE ORGANIZATION EXECUTE ITS SPECIAL EVENTS AND PROGRAMS. CTA ALSO WORKED AGAIN IN 2020 TO INCREASE AWARENESSS AND UNDERSTANDING WITH BUSINESS AND LEGISLATIVE LEADERS, AS WELL AS IN THE AREA OF STEM EDUCATION TO INCREASE THE NUMBER OF STUDENTS INTERESTED IN TECHNOLOGY CAREERS. THIS IS AN AREA OF INVESTMENT FOR THE ORGAINZATION, AND THE OBJECTIVE IS TO OFFSET EXPENSES BOTH THROUGH MEMBERSHIP AND SPONSORSHIPS AS WELL AS EVENTS.


CTA'S WORKSHOPS, PROGRAMS, WOMEN IN TECH CONFERENCE AND ANNUAL AWARDS EVENT (APEX) ALL COMPRISE THE THIRD SIGNIFICANT PROGRAM AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Frannie Matthews
President & CEO
$229,675
Monica Coughlin
Chief Operating Officer
$161,084
Aleta Jeffress
Past Chair
$0
Eileen Baines
Chair Elect
$0
Mark Fitzgerald
Vice Chair
$0
Kassendra Galindo
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $127,925
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$127,925
Total Program Service Revenue$1,445,411
Investment income $3
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 $1,573,339

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