Energize Colorado Inc
- Assets
- $3.6m
- Revenue
- $400.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Boulder, CO
- Founding
- Data as of
- 12/2022
- EIN
- 85-1446446
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 12/2022, Energize Colorado Inc employed 7 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 12/2022, Energize Colorado Inc generated $400.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (46.6%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
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 ENERGIZE COMMUNITY PROGRAM IS OUR FLAGSHIP PROGRAM. PURPOSEFULLY COMBINING FINANCIAL READINESS TRAINING, LOW-COST DEBT, AND A 10-WEEK COMMUNITY-BASED ACCELERATOR. THROUGHOUT THE PROGRAM, BUSINESS OWNERS CAN ACCESS UP TO $20,000 IN CAPITAL, DEDICATED MENTORSHIP, AND ACCESS TO A CATALOUG OF PROGRAMS PROVIDED VIA LOCAL PARTNERS ACROSS COLORADO. IN 2022, WE DEPLOYED NEARLY $2M IN FUNDS TO 100+ BUSINESSES.THE SMALL BUSINESS REILIENCY INDEX IS THE FIRST COMPREHENSIVE INDEX THAT TRACKS THE IMPACTS OF SOCIETY'S ECONOMIC CYCLES ON THE COLORADO SMALL BUSINESS ECOSYSTEM AND THE BARRIERS SMALL BUSINESS OWNERS FACE IN BUILDING RESILIENCY AND INCLUSIVITY INTO THEIR FUTURE GROWTH. BY DEFINING AND THEN MEASURING THE RESILIENCY OF SMALL BUSINESSES, BUSINESS OWNERS CAN BETTER UNDERSTAND WHAT THEY NEED TO DO TO BECOME STRONGER IN THE FACE OF FUTURE CRISES. THIS TOOL HAS BEEN ADOPTED TO TRACK THE IMPACT OF OUR ENERGIZE'S INVESTMENTS AND IMPACT IN COLORADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Lea Member & CEO | OfficerTrustee | 40 | $34,688 |
Erik Drummond Finance Committee Member | OfficerTrustee | 1 | $0 |
Brad Feld Chair | OfficerTrustee | 1 | $0 |
Marc Nager Finance Committee Chair | OfficerTrustee | 1 | $0 |
Meg Porfido Gov & Nominating Committee Chair | OfficerTrustee | 1 | $0 |
Jesus Salazar Strategy Committee Chair | OfficerTrustee | 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 | $395,537 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,537 |
| Total Program Service Revenue | $0 |
| Investment income | $4,434 |
| 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 | $399,971 |
| 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. | $127,235 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,953 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,906 |
| Payroll taxes | $41,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,736 |
| Fees for services: Accounting | $28,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,453 |
| Advertising and promotion | $86,064 |
| Office expenses | $13,246 |
| Information technology | $43,741 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,895 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,680 |
| All other expenses | $0 |
| Total functional expenses | $1,088,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,882,074 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,720,916 |
| 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 | $3,602,990 |
| Accounts payable and accrued expenses | $34,566 |
| 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 | $34,566 |
| Net assets without donor restrictions | $3,568,424 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,602,990 |