Rocky Mountain Venture Capital Association
- Assets
- $130.9k
- Revenue
- $224.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Erie, CO
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 84-1554851
Organization Overview
Rocky Mountain Venture Capital Association, operating under the name Rocky Mountain Venture Capital Asso, is located in Erie, CO. The organization was established in 2002. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocky Mountain Venture Capital Asso 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 12/2022, Rocky Mountain Venture Capital Asso generated $224.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $201.1k during the year ending 12/2022. While expenses have increased by 14.1% per year over the past 8 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
THE ORGANIZATION'S MISSION IS TO BE A LEADING VENTURE CAPITAL ASSOCIATION IN THE 8 ROCKY MTN STATES WITH A STRATEGIC INTENT OF MAKING THE REGION A TOP MARKET FOR VENTURE CAPITAL (VC) ACTIVITY. THE ORGANIZATION REPRESENTS THE INTERESTS OF THE VC'S AND VC BACKED COMPANIES IN THE 8 STATE ROCKY MTN REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOST REGULAR MEETINGS TO CREATE A FORUM IN WHICH BUSINESSES WITHIN THE EIGHT STATE ROCKY MOUNTAIN REGION AND VENTURE CAPITAL INVESTORS CAN BE INTRODUCED TO ONE ANOTHER SO THAT BUSINESS STRATEGIES CAN BE PRESENTED AND FUNDING CAN BE SUPPLIED. NOTE THE EIGHT ROCKY MOUNTAIN STATES ARE NEVADA, ARIZONA, NEW MEXICO, COLORAOD, WYOMING, UTAH, MONTANA AND IDAHO.
DEVELOP AND MAINTAIN A WEBSITE TO DISSEMINATE INFORMATION ABOUT THE ORGANIZATION SO BUSINESSES WITHIN THE EIGHT STATE ROCKY MOUNTAIN REGION AND VENTURE CAPITAL INVESTORS CAN BE INTRODUCED TO ONE ANOTHER TO DISCUSS BUSINESS STRATEGIES, PRESENT BUSINESS MODELS AND PROVIDE FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Armstrong Co Chair | OfficerTrustee | 2 | $0 |
Bruce Dines Member | OfficerTrustee | 1.5 | $0 |
Nick Schoewe Treasurer | Officer | 1.5 | $0 |
Colin Barclay Member | Trustee | 1.5 | $0 |
Jack Boren Member | Trustee | 1.5 | $0 |
Zane Busteed Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $224,569 |
| Investment income | $0 |
| 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 | $224,569 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $62,667 |
| Fees for services: Legal | $1,781 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $384 |
| Office expenses | $4,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,116 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $71 |
| Total functional expenses | $201,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,851 |
| Savings and temporary cash investments | $60,057 |
| 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 | $0 |
| Total assets | $130,908 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $130,908 |
| Total liabilities and net assets/fund balances | $130,908 |
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