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.
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 |
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 |
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 |