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Nonprofiteer
← COLORADO THRIVES

Form 990 for tax year 2022

Filed by COLORADO THRIVES.

Totals

Total revenue
$355,000
Total expenses
$331,521
Contributions and grants received
$355,000
Grants paid
$100,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$427,354
Total liabilities, end of year
$2,430
Net assets or fund balances, end of year
$424,924
Program services expenses (Part IX)
$273,649
Management and general expenses
$46,734
Fundraising expenses
$11,138
Program service expenses (Part III)
$273,649

Program services were 82.5% 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

    $355,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 5 · Compensation of officers, directors and key employees

    total $189,900 · program services $143,100 · management and general $37,260 · fundraising $9,540

  • 7 · Other salaries and wages

    total $900 · management and general $900

  • 8 · Pension plan contributions

    total $9,540 · program services $7,155 · management and general $1,908 · fundraising $477

  • 10 · Payroll taxes

    total $12,464 · program services $9,348 · management and general $2,493 · fundraising $623

  • 11a · Fees: management

    total $8,385 · program services $6,289 · management and general $2,096

  • 11b · Fees: legal

    total $287 · program services $215 · management and general $58 · fundraising $14

  • 11c · Fees: accounting

    total $5,784 · program services $4,338 · management and general $1,157 · fundraising $289

  • 17 · Travel

    total $39 · program services $29 · management and general $8 · fundraising $2

  • 24a · Other expenses: Payroll Processing

    total $1,844 · program services $1,383 · management and general $369 · fundraising $92

  • 24b · Other expenses: Dues & Subscriptions

    total $884 · program services $663 · management and general $177 · fundraising $44

  • 24c · Other expenses: Supplies

    total $671 · program services $503 · management and general $134 · fundraising $34

  • 24d · Other expenses: Work Compensation

    total $305 · program services $229 · management and general $61 · fundraising $15

  • 24e · All other expenses

    total $518 · program services $397 · management and general $113 · fundraising $8

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $389,873 · end of year $363,532

  • 7 · Other notes and loans receivable

    beginning of year $13,822 · end of year $63,822

  • 25 · Other liabilities

    beginning of year $2,250 · end of year $2,430

  • 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 $401,445 · end of year $424,924

Mission and programs · 2022

Mission

To advance Colorado as an inspiring and inclusive community known globally for innovation, collaboration, and overall well-being.

Activities or mission (Part I)

Colorado Thrives exists to advance Colorado as an inspiring and inclusive community known globally for innovation, collaboration, and overall well-being.

  • Partnerships with workforce development organizations to provide start up businesses and nonprofit organizations the tools to adress the market challenges through provided training and mentorship.

    Expenses $273,649 · Grants $100,000 · Revenue $355,000

As filed on the 2022 return.

Listed in Part VII

  • Kent Thiry

    Chair

    Total calculated
    $0
    Hours/week
    3

  • Mike Fries

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Dan Caruso

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Steve Rendle

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Kelly

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jandel Allen-Davis MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kristen Lynch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steven Cohen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Javier Rodriguez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rob Painter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rachel Carlson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Rechtin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Yancy Spruill

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elaine Boltz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Erin Trapp

    Executive Director

    Total calculated
    $199,440
    From this org
    $199,440
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,900
    Bonus
    $0
    Other
    $9,540
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $199,440

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 · 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)

Part I, Line 3
The board approves the compensation for the Executive Director.

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

  • Advance EDU

    $82,500

    Grant for oporational purposes and unrestricted use in education services.

  • Colorado Non-profit Development Center

    $10,000

    Grant for unrestricted use in development.

  • Techstars Workforce Development Accelerator

    $7,500

    Grant for unrestricted use in programs for technology incubation.

Provenance

Return type
form_990
Tax year
2022
Filed
24 May 2023
IRS schema version
2022v5.0
Source object
202331509349301093

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