Form 990 for tax year 2024
Filed by SOUTHWEST COLORADO ACCELERATOR PROGRAM FOR ENTREPRENEURS.
Totals
- Total revenue
- $37,271
- Total expenses
- $279,641
- Contributions and grants received
- $33,450
- Grants paid
- $0
- Program service revenue
- $38,100
- Investment income
- -$34,279
- Other revenue
- $0
- Total assets, end of year
- $1,089,592
- Total liabilities, end of year
- $50,704
- Net assets or fund balances, end of year
- $1,038,888
- Program services expenses (Part IX)
- $223,911
- Management and general expenses
- $40,979
- Fundraising expenses
- $14,751
- Program service expenses (Part III)
- $223,911
Program services were 80.1% 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)
$33,000
-
1f · All other contributions, gifts and grants
$450
-
2a · Program service revenue: FUND MANAGEMENT FEES
total $38,100 · related or exempt $38,100
-
3 · Investment income
total $20,292 · related or exempt $20,292
-
7a · Gross sales of assets other than inventory
securities $5,430
-
7b · Less cost or other basis and sales expenses
securities $60,001
-
7c · Gain or loss
securities -$54,571
-
7d · Net gain or loss
total -$54,571 · related or exempt -$54,571
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $113,479 · program services $73,761 · management and general $28,370 · fundraising $11,348
-
7 · Other salaries and wages
total $45,536 · program services $45,536
-
9 · Other employee benefits
total $17,697 · program services $13,836 · management and general $2,758 · fundraising $1,103
-
10 · Payroll taxes
total $13,678 · program services $10,293 · management and general $2,418 · fundraising $967
-
11b · Fees: legal
total $18,198 · program services $18,000 · management and general $198
-
11c · Fees: accounting
total $36,308 · program services $33,120 · management and general $3,188
-
11g · Fees: other
total $3,767 · program services $3,631 · management and general $136
-
12 · Advertising and promotion
total $13,113 · program services $13,113
-
13 · Office expenses
total $803 · program services $652 · management and general $108 · fundraising $43
-
14 · Information technology
total $2,089 · program services $1,358 · management and general $522 · fundraising $209
-
16 · Occupancy
total $9,600 · program services $6,240 · management and general $2,400 · fundraising $960
-
17 · Travel
total $781 · program services $781
-
19 · Conferences, conventions and meetings
total $1,902 · program services $1,902
-
23 · Insurance
total $533 · management and general $533
-
24a · Other expenses: TELEPHONE
total $2,112 · program services $1,688 · management and general $303 · fundraising $121
-
24b · Other expenses: LICENSE AND FEES
total $45 · management and general $45
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $906,975 · end of year $113,505
-
2 · Savings and temporary cash investments
end of year $306,277
-
4 · Accounts receivable
beginning of year $2,087 · end of year $1,277
-
9 · Prepaid expenses and deferred charges
beginning of year $1,977 · end of year $2,066
-
10a · Land, buildings and equipment: cost or other basis
$17,033
-
10b · Land, buildings and equipment: accumulated depreciation
$17,033
-
13 · Investments: program-related
beginning of year $398,818 · end of year $472,413
-
15 · Other assets
end of year $194,054
-
17 · Accounts payable and accrued expenses
beginning of year $65,195 · end of year $50,704
-
27 · Net assets without donor restrictions
beginning of year $1,244,662 · end of year $1,038,888
Mission and programs · 2024
Mission
SCAPE IS THE SOUTHWEST COLORADO ACCELERATOR PROGRAM FOR ENTREPRENEURS. OUR MISSION IS TO HELP CREATE MORE HIGH GROWTH, JOB CREATING COMPANIES IN SOUTHWEST COLORADO; THROUGH OFFERING AN ACCELERATOR PROGRAM WHICH PROVIDES ACCESS TO FUNDING, EDUCATION AND INTENSE MENTORING TO STARTUPS AND EARLY STAGE COMPANIES.
-
IN 2024 FORTY-FIVENEW COMPANIES APPLIED TO SCAPE'S PROGRAM, DEMONSTRATING CONTINUED ENTREPRENEURIAL DEMAND AND EXCITEMENT. THESE COMPANIES WERE ALL VETTED, REFERRED TO APPROPRIATE PROVIDERS, UTILIZED THE NEW SCAPE ONLINE VIDEO LIBRARY, AND CONNECTED WITHMENTORS. SCAPEPARTICIPATED IN AND HOSTED MANY REGIONAL TRAININGS AND WORKSHOPS FOR ALL STAGES OF ENTREPRENEURS. THE COMPANIES THAT SCAPE HAS INVESTED IN OVER THE YEARS CONTINUE TO EXPAND AND GROW,AND THE INVESTMENT FUNDS CONTINUE TO ATTRACT NEW INVESTORS THAT ARE EXCITED TO SUPPORT THEIR COMMUNITY.
Expenses $223,911 · Revenue $38,100
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Elizabeth MarshELIZABETH MARSH
EXECUTIVE DI
- Total calculated
- $107,869
- From this org
- $107,869
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
John WolgamottJOHN WOLGAMOTT
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
Gary MasnerGARY MASNER
DIRECTOR
- Total calculated
- $18,000
- From this org
- $0
- From related orgs
- $0
- Other
- $18,000
- Hours/week
- 10
-
Jim MacKayJIM MACKAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William JohnsenWILLIAM JOHNSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Laura Lewis MarchinoLAURA LEWIS MARCHINO
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 April 2025
- IRS schema version
- 2024v5.0
- Source object
- 202521189349300042
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