Energize Colorado Inc

Organization Overview

Energize Colorado Inc is located in Boulder, CO. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Energize Colorado Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energize Colorado Inc 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 12/2021, Energize Colorado Inc generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $604.5k during the year ending 12/2021. 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

CATALYZING CHANGE FOR A MORE RESILIENT AND EQUITABLE SMALL-BUSINESS ECOSYSTEM ACROSS THE STATE OF COLORADO. IGNITING THE TRANSFORMATION OF COLORADO'S SMALL-BUSINESS ECOSYSTEM, WE BRING TOGETHER INNOVATIVE THINKERS, SMALL-BUSINESS OWNERS AND ENTREPRENEURS, AND NON-PROFIT AND CIVIC PARTNERS TO COLLABORATIVELY TACKLE THE BIGGEST CHALLENGES FACING SMALL BUSINESSES. WE BUILD AND TEST SOLUTIONS THAT EMPOWER SMALL BUSINESSES FOR ECONOMIC GROWTH THROUGH EDUCATION AND MENTORSHIP, TECHNOLOGICAL INNOVATION, ACCESS TO CAPITAL, AND INVESTMENT IN STRATEGIC PROGRAMS CREATING A MORE RESILIENT AND INCLUSIVE ECONOMY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE GAP FUND IS A GRANT AND LOW-INTEREST LOAN MAKING PROGRAM FUNDING BY BOTH PUBLIC AND PRIVATE MONIES. BY THE END OF 2020 $26,000,000 WAS DISTRIBUTED IN THE FORM OF GRANTS WITH PRIORITY GIVEN TO SMALL BUSINESSES WITH LESS THAN 25 FULL-TIME EMPLOYEES, THOSE OWNED BY BIPOC, WOMEN, AND VETERANS, AS WELL AS THOSE LOCATED IN RURAL COLORADO. FUNDING WAS DISTRIBUTED TO 2,064 BUSINESSES THROUGH A NETWORK OF 13 REGIONAL LOAN FUNDS AND COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS.


ALONG WITH FUNDING, WE BUILT A SET OF PROGRAMS THAT DIRECTLY SERVED AN ADDITIONAL 8,000 SMALL BUSINESSES. THESE PROGRAMS CONNECTED BUSINESS OWNERS WITH MENTORSHIP, MENTAL HEALTH RESOURCES, PPE AND OTHER REOPENING SUPPORT, AS WELL AS EXTERNAL MARKETING TO TELL THE STORIES OF RESILIENT BUSINESSES. IN TOTAL NEARLY 400 VOLUNTEERS WORKED ACROSS THESE PROGRAMS AND DIRECTLY WITH SMALL BUSINESSES.


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Board, Officers & Key Employees

Name (title)Compensation
Scott Romano
Chief Operating Officer
$83,729
Brad Feld
Chair
$0
Marc Nager
Finance Committee Chair
$0
Erik Drummond
Finance Committee Member
$0
Wendy Lea
Member & CEO
$0
Abram Sloss
Member
$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$2,500,004
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,500,004
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 $2,500,004

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Energize Colorado Inc has recieved totaling $1,215,000.

Awarding OrganizationAmount
Kaiser Foundation Health Plan Of Colorado

Oakland, CA

PURPOSE: Gap Fund Small Business Recovery Loan Program

$1,000,000
Denver Foundation

Denver, CO

PURPOSE: THIS GRANT IS THE DIGITAL READINESS PROGRAM.

$150,000
The Piton Foundation

Denver, CO

PURPOSE: SUPPORT A CHILD CARE PROGRAM ACCELERATOR WITH NEW AND EXPANDED CHILD CARE PROGRAMS AND IMPROVED BUSINESS MODELS

$50,000
Mile High United Way Inc

Denver, CO

PURPOSE: OTHER GRANT

$15,000
View Grant Recipient Profile

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