Totals
- Total revenue
- $444,757
- Total expenses
- $517,888
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $280,186
- Investment income
- $164,571
- Other revenue
- $0
- Total assets, end of year
- $5,527,042
- Total liabilities, end of year
- $5,645,236
- Net assets or fund balances, end of year
- -$118,194
- Program services expenses (Part IX)
- $341,237
- Management and general expenses
- $176,651
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $341,237
Program services were 65.9% 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.
-
2a · Program service revenue: PROGRAM REVENUE
total $280,186 · related or exempt $280,186
-
3 · Investment income
total $164,571 · excluded $164,571
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $47,239 · management and general $47,239
-
11b · Fees: legal
total $73 · management and general $73
-
11c · Fees: accounting
total $122,208 · management and general $122,208
-
12 · Advertising and promotion
total $599 · program services $599
-
13 · Office expenses
total $8,356 · program services $1,225 · management and general $7,131
-
16 · Occupancy
total $39,057 · program services $39,057
-
20 · Interest
total $159,383 · program services $159,383
-
22 · Depreciation, depletion and amortization
total $109,060 · program services $109,060
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $31,124 · program services $31,124
-
24b · Other expenses: KITCHEN SUPPLIES
total $789 · program services $789
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $65,904 · end of year $81,366
-
2 · Savings and temporary cash investments
beginning of year $407,551 · end of year $14,667
-
4 · Accounts receivable
beginning of year $6,487 · end of year $2,577
-
10a · Land, buildings and equipment: cost or other basis
$4,269,855
-
10b · Land, buildings and equipment: accumulated depreciation
$339,135
-
10c · Land, buildings and equipment, net
beginning of year $4,039,780 · end of year $3,930,720
-
15 · Other assets
beginning of year $1,097,391 · end of year $1,497,712
-
17 · Accounts payable and accrued expenses
beginning of year $10,360 · end of year $6,236
-
23 · Secured mortgages and notes payable
beginning of year $5,626,000 · end of year $5,626,000
-
25 · Other liabilities
beginning of year $25,816 · end of year $13,000
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year -$45,063 · end of year -$118,194
Mission and programs · 2024
Mission
TO GIVE BIOSCIENCE AND CLIMATE TECH STARTUPS THE ABILITY TO ACCESS AFFORDABLE WET LABORATORY SPACE TO CARRY OUT THEIR RESEARCH AND DEVELOPMENT, AN ESSENTIAL STEP TO COMMERICALIZE THEIR TECHNOLOGIES.
Activities or mission (Part I)
TO PROVIDE BIOSCIENCE AND CLIMATE TECH STARTUPS ACCESS TO LABORATORY SPACE.
-
LABORATORY SPACE RENTAL FOR START UP COMPANIES FOR SUSTAINABILITY.
Expenses $341,237 · Revenue $280,186
As filed on the 2024 return.
Listed in Part VII
-
Doug JohnsonDOUG JOHNSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Todd HeadleyTODD HEADLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael FreemanMICHAEL FREEMAN
PRESIDENT
- Total calculated
- $177,172
- From this org
- $0
- From related orgs
- $146,986
- Other
- $30,186
- Hours/week
- 5
Schedule J breakdown matched by us
- Base
- $0 + $146,986 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $5,301 related
- Nontaxable benefits
- $0 + $11,925 related
- Filer's total
- $0 + $164,212 related
-
Morgan DefoortMORGAN DEFOORT
SECRETARY
- 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
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ROCKY MOUNTAIN INNOVATION INITIATIVE
501(C)(3) · TO ACCELERATE THE SUCCESS OF STARTUP COMPANIES. · CO
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
RMI2 PROPERTIES LLC
N/A · REAL ESTATE · CO · general or managing partner
Directly controlled by INNOSPHERE ENERGY INC AND INNOSPHERE PROPERTIES NONPROFIT CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523189349304942
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.