Colorado Thrives
- Assets
- $156.8k
- Revenue
- $370.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Denver, CO
- Founding
- Data as of
- 12/2023
- EIN
- 84-2824439
Organization Overview
Colorado Thrives is located in Denver, CO. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Colorado Thrives employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Thrives 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 12/2023, Colorado Thrives generated $370.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $641.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Colorado Thrives has awarded 11 individual grants totaling $291,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLORADO THRIVES EXISTS TO ADVANCE COLORADO AS AN INSPIRING AND INCLUSIVE COMMUNITY KNOWN GLOBALLY FOR INNOVATION, COLLABORATION, AND OVERALL WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERSHIPS WITH WORKFORCE DEVELOPMENT ORGANIZATIONS TO PROVIDE START UP BUSINESSES AND NONPROFIT ORGANIZATIONS THE TOOLS TO ADRESS THE MARKET CHALLENGES THROUGH PROVIDED TRAINING AND MENTORSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Thiry Chair | OfficerTrustee | 3 | $0 |
Mike Fries Vice Chair | OfficerTrustee | 2 | $0 |
Dan Caruso Treasurer | OfficerTrustee | 2 | $0 |
Steve Rendle Director | Trustee | 1 | $0 |
Jim Kelly Director | Trustee | 1 | $0 |
Jandel Allen-Davis MD Director | Trustee | 1 | $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 | $370,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $370,000 |
| Total Program Service Revenue | $0 |
| 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 | $370,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $141,000 |
| 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. | $207,796 |
| Compensation of current officers, directors, key employees. | $41,559 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,281 |
| Pension plan accruals and contributions | $11,191 |
| Other employee benefits | $6,294 |
| Payroll taxes | $15,111 |
| Fees for services: Management | $211,000 |
| Fees for services: Legal | $845 |
| Fees for services: Accounting | $4,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,320 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | -$7,209 |
| Total functional expenses | $641,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,442 |
| Savings and temporary cash investments | $0 |
| 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 | $39,378 |
| 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 | $156,820 |
| 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 | $3,260 |
| Total liabilities | $3,260 |
| 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 | $153,560 |
| Total liabilities and net assets/fund balances | $156,820 |
Grants Awarded
Over the last fiscal year, Colorado Thrives has awarded $141,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO NON-PROFIT DEVELOPMENT CENTER PURPOSE: Grant for unrestricted use in development. | $16,000 |
ADVANCE EDU PURPOSE: Grant for operational purposes and unrestricted use in education services. | $42,500 |
BREAKTHROUGH ALLIANCE OF COLORADO INC PURPOSE: Grant for unrestricted use in programs for technology incubation. | $75,000 |
AI EDUCATION PROJECT - THE AMERICAN AI FORUM PURPOSE: Grant for operational purposes and unrestricted use in education services. | $7,500 |