Totals
- Total revenue
- $652,358
- Total expenses
- $591,959
- Contributions and grants received
- $642,499
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $9,859
- Other revenue
- $0
- Total assets, end of year
- $4,055,793
- Total liabilities, end of year
- $2,188,860
- Net assets or fund balances, end of year
- $1,866,933
- Program services expenses (Part IX)
- $419,826
- Management and general expenses
- $129,851
- Fundraising expenses
- $42,282
- Program service expenses (Part III)
- $419,826
Program services were 70.9% 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.
-
1e · Government grants (contributions)
$233,750
-
1f · All other contributions, gifts and grants
$408,749
-
3 · Investment income
total $9,859 · excluded $9,859
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $88,594 · program services $79,734 · management and general $5,316 · fundraising $3,544
-
7 · Other salaries and wages
total $181,245 · program services $164,371 · management and general $9,670 · fundraising $7,204
-
9 · Other employee benefits
total $20,996 · program services $16,917 · management and general $3,342 · fundraising $737
-
10 · Payroll taxes
total $21,298 · program services $18,103 · management and general $2,398 · fundraising $797
-
13 · Office expenses
total $15,465 · program services $13,205 · management and general $2,260
-
16 · Occupancy
total $4,080 · program services $3,000 · management and general $1,080
-
17 · Travel
total $658 · program services $652 · management and general $6
-
19 · Conferences, conventions and meetings
total $8,430 · program services $3,177 · management and general $5,253
-
22 · Depreciation, depletion and amortization
total $33,747 · management and general $33,747
-
23 · Insurance
total $11,381 · management and general $11,381
-
24a · Other expenses: CONTRACTORS
total $116,651 · program services $58,862 · management and general $27,789 · fundraising $30,000
-
24b · Other expenses: PROFESSIONAL FEES
total $33,177 · program services $14,565 · management and general $18,612
-
24c · Other expenses: MARKETING
total $18,486 · program services $17,998 · management and general $488
-
24d · Other expenses: MEALS
total $12,074 · program services $11,329 · management and general $745
-
24e · All other expenses
total $25,677 · program services $17,913 · management and general $7,764
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,141,059 · end of year $3,545,037
-
4 · Accounts receivable
beginning of year $51,226 · end of year $63,316
-
7 · Other notes and loans receivable
beginning of year $427,613 · end of year $322,338
-
10a · Land, buildings and equipment: cost or other basis
$236,948
-
10b · Land, buildings and equipment: accumulated depreciation
$111,846
-
10c · Land, buildings and equipment, net
beginning of year $158,849 · end of year $125,102
-
17 · Accounts payable and accrued expenses
beginning of year $20,431 · end of year $1,687
-
19 · Deferred revenue
end of year $1,969,731
-
25 · Other liabilities
beginning of year $1,849,784 · end of year $217,442
-
27 · Net assets without donor restrictions
beginning of year $966,282 · end of year $894,683
-
28 · Net assets with donor restrictions
beginning of year $942,250 · end of year $972,250
Mission and programs · 2023
Mission
TO DEVELOP THE BEST ENTREPRENEURS HUMANLY POSSIBLE.
-
XI ADVANCES ITS MISSION THROUGH A DUAL FOCUS ON EMERGING TECHNOLOGY AND COMMUNITY IMPACT. EACH TRACK SERVES A DISTINCT GROUP OF BUSINESSES AND ENTREPRENEURS IN THE PIKES PEAK REGION WITH PROGRAMS THAT ADDRESS EACH GROUP'S UNIQUE CHALLENGES AND OPPORTUNITIES FOR GROWTH. IN 2023, XI RAN TWO ACCELERATOR PROGRAMS AND ONE SURVIVE AND THRIVE COHORT. XI SUCCESSFULLY RAN A SPRING AND FALL ACCELERATOR PROGRAM AND SERVED 18 STARTUPS. EACH PROGRAM LASTED TWELVE WEEKS, WHERE THE STARTUPS RECEIVED ONE-ON-ONE MENTORSHIP AND ACCESS TO RESOURCES AND TOOLS TO SUPPORT THEIR GROWTH. ALONG WITH THE ACCELERATOR PROGRAM, XI RAN A SURVIVE AND THRIVE COHORT IN SUMMER 2023. DURING THE EIGHT WEEK PROGRAM, XI PROVIDED SMALL BUSINESSES ACCESS TO LOW INTEREST LOANS, MENTORSHIP, AND CURATED CURRICULUM.
Expenses $419,826
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
BETSY BROWN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS JENKINS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JAY JESSE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
LEIF ULLMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
MAUREEN S LAWRENCE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
YEMI MOBOLADE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SARAH JANE MAXTED
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
HANNAH PARSONS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DR EMILY SPRATT
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JEFF GREEN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KYLE HYBL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
VANCE BROWN
EXECUTIVE DIRECTOR
- Total calculated
- $88,594
- From this org
- $70,000
- From related orgs
- $0
- Other
- $18,594
- Hours/week
- 40
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
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423209349306677
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.