Totals
- Total revenue
- $12,460,528
- Total expenses
- $11,606,580
- Contributions and grants received
- $3,683,564
- Grants paid
- $413,701
- Program service revenue
- $7,460,092
- Investment income
- $1,301,934
- Other revenue
- $14,938
- Total assets, end of year
- $80,686,947
- Total liabilities, end of year
- $34,111,427
- Net assets or fund balances, end of year
- $46,575,520
- Program services expenses (Part IX)
- $8,858,146
- Management and general expenses
- $2,499,516
- Fundraising expenses
- $248,918
- Program service expenses (Part III)
- $8,858,146
Program services were 76.3% 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.
-
1e · Government grants (contributions)
$3,122,441
-
1f · All other contributions, gifts and grants
$561,123
-
2a · Program service revenue: NEW MARKET TAX CREDIT PROGRAM
total $3,608,740 · related or exempt $3,608,740
-
2b · Program service revenue: LOAN INTEREST
total $3,156,849 · related or exempt $3,156,849
-
2c · Program service revenue: LOAN ORIGINATION FEES
total $581,819 · related or exempt $581,819
-
2d · Program service revenue: GRANT ADMIN. FEES
total $112,684 · related or exempt $112,684
-
3 · Investment income
total $1,303,324 · excluded $1,303,324
-
7b · Less cost or other basis and sales expenses
securities $1,390
-
7c · Gain or loss
securities -$1,390
-
7d · Net gain or loss
total -$1,390 · excluded -$1,390
-
11a · Other revenue: MISCELLANEOUS INCOME
total $14,938 · related or exempt $14,938
-
11e · Other revenue, total
$14,938
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $299,967 · program services $299,967
-
2 · Grants to domestic individuals
total $113,734 · program services $113,734
-
5 · Compensation of officers, directors and key employees
total $1,017,482 · program services $402,628 · management and general $414,628 · fundraising $200,226
-
7 · Other salaries and wages
total $3,784,628 · program services $2,603,535 · management and general $1,181,093
-
8 · Pension plan contributions
total $123,405 · program services $88,805 · management and general $34,600
-
9 · Other employee benefits
total $434,100 · program services $281,589 · management and general $138,352 · fundraising $14,159
-
10 · Payroll taxes
total $349,662 · program services $198,037 · management and general $150,265 · fundraising $1,360
-
11b · Fees: legal
total $124,206 · program services $87,895 · management and general $35,692 · fundraising $619
-
11d · Fees: lobbying
total $10,000 · management and general $10,000
-
11f · Fees: investment management
total $43,682 · management and general $43,682
-
11g · Fees: other
total $569,025 · program services $442,295 · management and general $124,603 · fundraising $2,127
-
13 · Office expenses
total $496,926 · program services $281,606 · management and general $199,286 · fundraising $16,034
-
16 · Occupancy
total $193,631 · program services $120,878 · management and general $65,645 · fundraising $7,108
-
17 · Travel
total $80,920 · program services $50,516 · management and general $27,433 · fundraising $2,971
-
19 · Conferences, conventions and meetings
total $52,955 · program services $33,058 · management and general $17,953 · fundraising $1,944
-
20 · Interest
total $480,832 · program services $480,832
-
22 · Depreciation, depletion and amortization
total $64,562 · program services $40,304 · management and general $21,888 · fundraising $2,370
-
24a · Other expenses: REDUCTION IN LOAN LOSS
total $1,674,518 · program services $1,674,518
-
24b · Other expenses: NEW MARKET TAX CREDIT
total $1,620,000 · program services $1,620,000
-
24c · Other expenses: BANK CHARGES
total $72,345 · program services $37,949 · management and general $34,396
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,804,875 · end of year $1,788,974
-
2 · Savings and temporary cash investments
beginning of year $30,162,351 · end of year $15,730,046
-
3 · Pledges and grants receivable
beginning of year $2,287,950 · end of year $595,169
-
4 · Accounts receivable
beginning of year $243,374 · end of year $273,843
-
7 · Other notes and loans receivable
beginning of year $34,629,507 · end of year $41,461,611
-
9 · Prepaid expenses and deferred charges
beginning of year $96,211 · end of year $114,120
-
10a · Land, buildings and equipment: cost or other basis
$258,347
-
10b · Land, buildings and equipment: accumulated depreciation
$142,348
-
10c · Land, buildings and equipment, net
beginning of year $156,429 · end of year $115,999
-
11 · Investments: publicly traded securities
end of year $13,031,898
-
12 · Investments: other securities
end of year $7,363,785
-
15 · Other assets
beginning of year $345,082 · end of year $211,502
-
17 · Accounts payable and accrued expenses
beginning of year $612,370 · end of year $612,975
-
23 · Secured mortgages and notes payable
beginning of year $4,443,469 · end of year $3,606,627
-
24 · Unsecured notes and loans payable
beginning of year $18,661,859 · end of year $20,726,623
-
25 · Other liabilities
beginning of year $9,803,887 · end of year $9,165,202
-
27 · Net assets without donor restrictions
beginning of year $44,991,260 · end of year $46,246,157
-
28 · Net assets with donor restrictions
beginning of year $212,934 · end of year $329,363
Mission and programs · 2024
Mission
TO ACCELERATE COMMUNITY PROSPERITY BY FINANCING AND SUPPORTING ENTREPRENEURS AND SMALL BUSINESSES.
-
SMALL BUSINESS LENDING - CEF AGGREGATES AND LEVERAGES CAPITAL TO SPUR INVESTMENT AND BUILD CAPACITY FOR THOSE WHO LACK ACCESS TO CONVENTIONAL FINANCING AND ENTREPRENEURIAL NETWORKS, SPECIFICALLY TARGETING UNDERSERVED SMALL BUSINESS OWNERS. CEF PROVIDES FINANCING OPTIONS WHEN BANKS CANNOT LEND OR CANNOT LEND ENOUGH, SPECIALIZING IN LOANS UP TO 1,000,000 FOR NEW AND EXISTING SMALL BUSINESSES AND COMMUNITY ENTERPRISES THROUGHOUT COLORADO. CEF CATALYZES BUSINESS OWNERSHIP AND JOB CREATION BY OFFERING FLEXIBLE FINANCING PRODUCTS, PERSONALIZED CLIENT SUPPORT, ONE-ON-ONE BUSINESS COACHING, AND ACCESS TO ADDITIONAL RESOURCES FOR ENTREPRENEURS.
Expenses $6,824,445 · Revenue $3,851,352
-
CEF PARTICIPATES IN NEW MARKETS TAX CREDIT (NMTC) PROJECTS BY PROVIDING PROGRAMMATIC AND ADMINISTRATIVE SERVICES TO PROJECT ENTITIES. CEF'S REVENUE FROM NMTC PROJECTS CONSISTS PRIMARILY OF PROGRAM FEES AND CLOSING FEES, WHICH ARE CONTRACTUALLY SPECIFIED AND PAID BY THE PROJECT ENTITIES IN EXCHANGE FOR SERVICES RENDERED, AND THE EXPENSES CONSIST OF CLOSING FEES PAID TO A SPECIALIZED CONSULTING AGENCY THAT ASSISTS WITH THE FACILITATION AND CLOSING OF NMTC PROJECTS.
Expenses $1,620,000 · Revenue $3,608,740
-
DURING 2025 AND 2024, CEF CONTINUED TO PARTICIPATE IN PROGRAMS TO ADMINISTER GRANTS TO SMALL BUSINESSES AFFECTED BY ECONOMIC HARDSHIP CAUSED BY THE COVID-19 PANDEMIC, FUNDED BY THE STATE OF COLORADO, THE CARES ACT, AND THE AMERICAN RESCUE PLAN ACT (ARPA). BECAUSE OF CEF'S INVOLVEMENT IN GRANTMAKING ACTIVITIES FOR THESE PROGRAMS, GRANT REVENUE AND GRANT EXPENSES ARE REPORTED IN THE STATEMENTS OF ACTIVITIES.
Expenses $413,701 · Grants $413,701
As filed on the 2024 return.
Listed in Part VII
-
Cecilia PrinsterCECILIA PRINSTER
PRESIDENT AN
- Total calculated
- $400,010
- From this org
- $385,597
- From related orgs
- $0
- Other
- $14,413
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $309,514
- Bonus
- $76,083
- Other
- not reported
- Deferred
- $12,568
- Nontaxable benefits
- $1,845
- Filer's total
- $400,010
-
Nim PatelNIM PATEL
COO
- Total calculated
- $323,226
- From this org
- $310,786
- From related orgs
- $0
- Other
- $12,440
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $259,703
- Bonus
- $51,083
- Other
- not reported
- Deferred
- $11,509
- Nontaxable benefits
- $931
- Filer's total
- $323,226
-
Luke AndersonLUKE ANDERSON
CFO
- Total calculated
- $220,332
- From this org
- $201,821
- From related orgs
- $0
- Other
- $18,511
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,738
- Bonus
- $1,083
- Other
- not reported
- Deferred
- $5,491
- Nontaxable benefits
- $13,020
- Filer's total
- $220,332
-
Lewis HaglerLEWIS HAGLER
DIR BUSINESS
- Total calculated
- $157,355
- From this org
- $143,621
- From related orgs
- $0
- Other
- $13,734
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,538
- Bonus
- $11,083
- Other
- not reported
- Deferred
- $5,435
- Nontaxable benefits
- $8,299
- Filer's total
- $157,355
-
Alan RamirezALAN RAMIREZ
DIR OF STRAT
- Total calculated
- $153,010
- From this org
- $125,389
- From related orgs
- $0
- Other
- $27,621
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $119,806
- Bonus
- $5,583
- Other
- not reported
- Deferred
- $3,762
- Nontaxable benefits
- $23,859
- Filer's total
- $153,010
-
Jeremy DunnJEREMY DUNN
CONTROLLER
- Total calculated
- $143,477
- From this org
- $130,184
- From related orgs
- $0
- Other
- $13,293
- Hours/week
- 40
-
Jaione AxpeJAIONE AXPE
DIR OF BUS O
- Total calculated
- $137,888
- From this org
- $114,384
- From related orgs
- $0
- Other
- $23,504
- Hours/week
- 40
-
Dawn AkersDAWN AKERS
DIR OF DATA
- Total calculated
- $129,917
- From this org
- $116,714
- From related orgs
- $0
- Other
- $13,203
- Hours/week
- 40
-
Paul BunyardPAUL BUNYARD
CHAIR & TREA
- Total calculated
- $0
- Hours/week
- 2
-
Sean KoutsakisSEAN KOUTSAKIS
V CHAIR & AS
- Total calculated
- $0
- Hours/week
- 2
-
Nick AndersonNICK ANDERSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Izzy AbbassIZZY ABBASS
DIRECTOR THR
- Total calculated
- $0
- Hours/week
- 2
-
Simone RossSIMONE ROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kyle FrazerKYLE FRAZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Laura Blomquist-RodriguezLAURA BLOMQUIST-RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Melissa BuckMELISSA BUCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Natriece BryantNATRIECE BRYANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Josh GriffJOSH GRIFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kate HorleKATE HORLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Zaneta KelseyZANETA KELSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shannon WardSHANNON WARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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 committee
- 3 · Form 990 of other organizations
- 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
The filer's explanations (Part III)
- SCHEDULE J, PART III
- PART I, LINE 3 - THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY PERFORMS A COMPENSATION REVIEW FOR THE CEO AND APPROVES THE CEO'S TOTAL COMPENSATION (SALARY, BONUS, AND BENEFITS). THE REVIEW IS INFORMED BY INDUSTRY COMPENSATION SURVEY DATA.
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
-
HUNGRY HEART KITCHENS LLC
$30,000
RESTAURANT START-UP
-
CABRINI HEALTHCARE LLC
$15,000
UNDERSERVED BUSINESS
-
UF DIA B LLC
$13,000
UNDERSERVED BUSINESS
-
KEMAFY LLC
$12,000
UNDERSERVED BUSINESS
-
GEOUPLIFT LLC
$10,000
UNDERSERVED BUSINESS
-
BLOOMING CONNECTIONS INC
$10,000
UNDERSERVED BUSINESS
-
DNVR AUTO LLC
$10,000
UNDERSERVED BUSINESS
-
TORO FOOD CONCEPTS LLC
$10,000
UNDERSERVED BUSINESS
-
GOOD 2 GO TRUCKING LLC
$10,000
UNDERSERVED BUSINESS
-
ZION SELAH HOME HEALTHCARE AGENCY L
$10,000
UNDERSERVED BUSINESS
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
CEF SUB-CDE 1 LLC
RELATED · NMTC · CO · 0.01% owned · share of income $60,000 · share of assets $1,343 · general or managing partner
Directly controlled by CEF
-
CEF SUB-CDE 2 LLC
RELATED · INVESTMENT · CO · 0.01% owned · share of income $236,631 · share of assets $1,280 · general or managing partner
Directly controlled by CEF
-
CEF SUB-CDE 3 LLC
RELATED · INVESTMENT · CO · 0.01% owned · share of income $38,571 · share of assets $880 · general or managing partner
Directly controlled by CEF
-
CEF SUB-CDE 4 LLC
RELATED · INVESTMENT · CO · 0.01% owned · share of income $38,571 · share of assets $882 · general or managing partner
Directly controlled by CEF
-
CEF SUB-CDE 5 LLC
RELATED · NMTC · CO · 0.01% owned · share of income $128,571 · share of assets $2,947 · general or managing partner
Directly controlled by CEF
-
CEF SUB-CDE 6 LLC
RELATED · NMTC · CO · 0.01% owned · share of income $38,571 · share of assets $884 · general or managing partner
Directly controlled by CEF
-
CEF SUB-CDE 7 LLC
RELATED · NMTC · CO · 0.01% owned · share of income $25,714 · share of assets $591 · general or managing partner
Directly controlled by CEF
-
CEF SUB-CDE 8 LLC
RELATED · NMTC · CO · 0.01% owned · share of income $25,714 · share of assets $593 · general or managing partner
Directly controlled by CEF
-
CEF SUB-CDE 9 LLC
RELATED · NMTC · CO · 0.01% owned · share of income $60,000 · share of assets $1,384 · general or managing partner
Directly controlled by CEF
-
CEF SUB-CDE 10 LLC
RELATED · NMTC · CO · 0.01% owned · share of income $32,006 · share of assets $945 · general or managing partner
Directly controlled by CEF
-
CEF SUB-CDE 11 LLC
RELATED · NMTC · CO · 0.01% owned · share of income $51,429 · share of assets $1,189 · general or managing partner
Directly controlled by CEF
-
CEF SUB-CDE 12 LLC
RELATED · NMTC · CO · 0.01% owned · share of income $68,274 · share of assets $1,839 · general or managing partner
Directly controlled by CEF
-
CEF SUB-CDE 13 LLC
RELATED · NMTC · CO · 0.01% owned · share of income $23,310 · share of assets $1,096 · general or managing partner
Directly controlled by CEF
-
CEF SUB-CDE 14 LLC
RELATED · NMTC · CO · 0.01% owned · share of income $31,071 · share of assets $1,495 · general or managing partner
Directly controlled by CEF
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 June 2026
- IRS schema version
- 2024v5.0
- Source object
- 202601679349300430
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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