Totals
- Total revenue
- $775,157
- Total expenses
- $801,146
- Contributions and grants received
- $773,322
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $1,835
- Total assets, end of year
- $581,384
- Total liabilities, end of year
- $25,180
- Net assets or fund balances, end of year
- $556,204
- Program services expenses (Part IX)
- $546,212
- Management and general expenses
- $156,463
- Fundraising expenses
- $98,471
- Program service expenses (Part III)
- $546,212
Program services were 68.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$773,322
-
11a · Other revenue: MISCELLANEOUS INCOME
total $1,835 · related or exempt $1,835
-
11e · Other revenue, total
$1,835
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $163,828 · program services $110,424 · management and general $33,257 · fundraising $20,147
-
7 · Other salaries and wages
total $297,775 · program services $191,873 · management and general $51,141 · fundraising $54,761
-
10 · Payroll taxes
total $35,356 · program services $23,154 · management and general $6,464 · fundraising $5,738
-
11g · Fees: other
total $86,106 · program services $55,108 · management and general $30,998
-
12 · Advertising and promotion
total $18,907 · program services $18,907
-
13 · Office expenses
total $22,304 · program services $14,720 · management and general $4,015 · fundraising $3,569
-
16 · Occupancy
total $52,826 · program services $34,595 · management and general $9,659 · fundraising $8,572
-
17 · Travel
total $28,673 · program services $28,673
-
22 · Depreciation, depletion and amortization
total $1,320 · program services $864 · management and general $241 · fundraising $215
-
23 · Insurance
total $30,206 · program services $19,781 · management and general $5,523 · fundraising $4,902
-
24a · Other expenses: DUES AND LICENSES
total $29,052 · program services $14,526 · management and general $14,526
-
24b · Other expenses: AWARDS AND GRANTS
total $25,026 · program services $25,026
-
24c · Other expenses: MISCELLANEOUS
total $6,273 · program services $6,273
-
24d · Other expenses: TECHNOLOGY
total $3,494 · program services $2,288 · management and general $639 · fundraising $567
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $580,203 · end of year $542,518
-
3 · Pledges and grants receivable
beginning of year $18,338 · end of year $29,697
-
4 · Accounts receivable
beginning of year $1,680 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $6,955
-
9 · Prepaid expenses and deferred charges
beginning of year $99 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$75,134
-
10b · Land, buildings and equipment: accumulated depreciation
$72,920
-
10c · Land, buildings and equipment, net
beginning of year $5,608 · end of year $2,214
-
17 · Accounts payable and accrued expenses
beginning of year $17,995 · end of year $20,707
-
23 · Secured mortgages and notes payable
beginning of year $5,740 · end of year $4,473
-
27 · Net assets without donor restrictions
beginning of year $496,880 · end of year $491,807
-
28 · Net assets with donor restrictions
beginning of year $85,313 · end of year $64,397
Mission and programs · 2022
Mission
COLAB IS DEDICATED TO ACCELERATING STARTUPS IN THE GREATER CHATTANOOGA REGION IN SUPPORTING COMPANIES FROM LAUNCH TO SCALE. WE ENVISION AN INNOVATIVE, INCLUSIVE, AND THRIVING CHATTANOOGA. WE BELIEVE THAT ENTREPRENUERSHIP PLAYS A PIVOTAL ROLE IN THIS VISION, AND IT IS OUR JOB TO EMPOWER THIS DAILY.
Activities or mission (Part I)
TO INCREASE THE VIABILITY OF STARTUPS IN CHATTANOOGA AND THE SURROUNDING REGION BY CONNECTING ENTREPRENEURS WITH EXPERTISE, RESOURCES, AND COMMUNITY.
-
GIGTANK 365 IS A MENTORSHIP-BASED PROGRAM DESIGNED FOR SOFTWARE AND TECHNOLOGY-BACKED COMPANIES IN THE GREATER CHATTANOOGA REGION. THE STAGE-GATE MENTORING PROGRAM TARGETS TECH-ENABLED STARTUPS, FOCUSED ON FOUNDER AND COMPANY NEEDS.
Expenses $546,212 · Revenue $1,835
-
COLAB'S OUTDOOR RECREATION ACCELERATOR IS A 12-WEEK COHORT-BASED PROGRAM THAT IS BUILT ON CHATTANOOGA'S OUTDOOR INDUSTRY. THE OUTDOOR RECREATION ACCELERATOR PROGRAM WILL SUPPORT 9-12 COMPANIES, WHOSE PRODUCTS AND SERVICES FOCUS ON OUTDOOR RECREATION AND CONSERVATION.
-
COLAB'S CONSUMER PRODUCTS ACCELERATOR TAKES 10-12 COMPANIES FOR A 12-WEEK ACCELERATOR PROGRAM. COMPANIES PARTICIPATING IN THE ACCELERATOR PROGRAM MUST HAVE AT MINIMUM TESTED THEIR PRODUCT IN THE MARKET AND DEMONSTRATED A COMPLETE PROOF OF CONCEPT.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lindsey CoxLINDSEY COX
EXECUTIVE DIRECTOR THROUGH 7/11/2022
- Total calculated
- $85,673
- From this org
- $85,673
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $85,673
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $85,673
-
Tasia MalakasisTASIA MALAKASIS
EXECUTIVE DIRECTOR AS OF 7/11/2022
- Total calculated
- $79,895
- From this org
- $78,155
- From related orgs
- $0
- Other
- $1,740
- Hours/week
- 40
-
Tom LyonsTOM LYONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charita AllenCHARITA ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adrienne CooperADRIENNE COOPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aaron CramerAARON CRAMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Malcom HarrisMALCOM HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura Ann HowellLAURA ANN HOWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Willa KalaidjianWILLA KALAIDJIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tiffanie RobinsonTIFFANIE ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Santosh SankarSANTOSH SANKAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rebekah SharpeREBEKAH SHARPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sybil TopelSYBIL TOPEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark McKnightMARK MCKNIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charlie BrockCHARLIE BROCK
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400679349301705
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