Skip to content
Nonprofiteer
← BIZ ACTION FOR COLORADO

Form 990 for tax year 2024

Filed by BIZ ACTION FOR COLORADO.

Totals

Total revenue
$638,006
Total expenses
$632,858
Contributions and grants received
$638,000
Grants paid
$627,000
Program service revenue
$0
Investment income
$6
Other revenue
$0
Total assets, end of year
$5,148
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,148
Program services expenses (Part IX)
$627,000
Management and general expenses
$5,858
Fundraising expenses
$0
Program service expenses (Part III)
$627,000

Program services were 99.1% 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.

  • 1f · All other contributions, gifts and grants

    $638,000

  • 3 · Investment income

    total $6 · excluded $6

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $627,000 · program services $627,000

  • 11b · Fees: legal

    total $5,285 · management and general $5,285

  • 13 · Office expenses

    total $546 · management and general $546

  • 24a · Other expenses: BANK FEES

    total $27 · management and general $27

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $5,148

  • 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 $0 · end of year $5,148

Mission and programs · 2024

Mission

BIZ ACTION FOR COLORADO (BAC) IS DEDICATED TO PROMOTING ECONOMIC PROSPERITY IN COLORADO THROUGH EDUCATION, ADVOCACY, ACCESS TO RESOURCES, AND BUILDING RELATIONSHIPS WITHIN THE BUSINESS COMMUNITY. BAC ENGAGES IN ACTIVITIES TO FOSTER THE CREATION, DEVELOPMENT, AND GROWTH OF SUCCESSFUL BUSINESS ENTERPRISES AND TO MAXIMIZE OPPORTUNITIES FOR ITS MEMBERS BY PROVIDING BUSINESS GUIDANCE, INFORMATION, REFERRALS, AND PROGRAMMING CURATED TO MEET THEIR NEEDS. IT SERVES AS AN ADVOCATE FOR THE BUSINESS COMMUNITY THROUGH ENGAGEMENT AND EDUCATION IN LEGISLATIVE AND REGULATORY AFFAIRS.

  • ADVOCACY: BAC ENGAGES IN ADVOCACY EFFORTS TO REPRESENT THE SHARED INTERESTS AND GOALS OF ITS MEMBERS AND SERVES AS A UNIFIED VOICE WORKING TOWARDS THE ADVANCEMENT OF A FAVORABLE BUSINESS ENVIRONMENT FOR THE STATE OF COLORADO. THIS INCLUDES EDUCATION ABOUT LEGISLATION, REGULATIONS, OR POLICIES THAT IMPROVE OR OTHERWISE AFFECT CONDITIONS FOR BUSINESSES AND THEIR EMPLOYEES. BAC'S ADVOCACY ACTIVITIES INCLUDE CREATING AND DISTRIBUTING EDUCATIONAL MATERIALS, HOSTING FREE INFORMATIONAL EVENTS FOR THE PUBLIC AND POLICY MAKERS, AND DIRECT LOBBYING. BAC ALSO WORKS TO SUPPORT OR OPPOSE RELEVANT STATE BALLOT MEASURES AND TO SUPPORT POLICY MAKERS WHO ADVANCE THE COMMON BUSINESS INTERESTS OF BAC. AROUND 50% OF BAC'S TIME AND FUNDS ARE ALLOCATED TO THESE ACTIVITIES.

    Expenses $627,000 · Grants $627,000

  • EDUCATION: BAC OFFERS INFORMATION AND EDUCATION TO ENHANCE THE SKILLS AND KNOWLEDGE OF MEMBERS THROUGH MEETINGS, SEMINARS, WORKSHOPS, NEWSLETTERS, AND ITS WEBSITE. TOPICS INCLUDE SHARED INTERESTS SUCH AS COMMUNITY AND BUSINESS LEADERSHIP, LEGISLATIVE AND REGULATORY UPDATES, SOUND FINANCIAL PRACTICES AND BUSINESS STANDARDS, LABOR LAWS, INVESTMENT AND EXPANSION, PROCUREMENT AWARD PROCEDURES, AND LEGAL ISSUES. AROUND 20% OF BAC'S TIME AND FUNDS ARE ALLOCATED TO THESE ACTIVITIES.

  • NETWORKING, MEMBERSHIP BUILDING, AND FUNDRAISING: BAC FACILITATES REFERRAL AND NETWORKING OPPORTUNITIES BY PROVIDING PLATFORMS FOR MEMBERS TO CONNECT, SHARE INSIGHTS, AND COLLABORATE. BAC HOSTS MEETINGS, EVENTS, AND AN ONLINE COMMUNITY TO STRENGTHEN TIES WITHIN THE BUSINESS COMMUNITY AND CREATE OPPORTUNITIES FOR COOPERATION, COLLABORATION, AND MUTUAL SUPPORT. BAC SOLICITS NEW MEMBERS AND CONDUCTS A MINIMAL AMOUNT OF FUNDRAISING TARGETED AT EXISTING MEMBERS AND OUTSIDE DONORS THROUGH ITS WEBSITE, EMAIL, MAIL, AND EVENTS. AROUND 20% OF BAC'S TIME AND FUNDS ARE ALLOCATED TO THESE ACTIVITIES.

  • RESEARCH AND ANALYSIS: BAC MANAGES AND CONDUCTS RESEARCH USING CONTRACTORS TO PROVIDE MEMBERS WITH VALUABLE INSIGHTS INTO ECONOMIC CONDITIONS AND TRENDS AND OTHER FACTORS THAT CAN AFFECT BUSINESS OPERATIONS IN COLORADO. AROUND 5% OF BAC'S TIME AND FUNDS ARE ALLOCATED TO THESE ACTIVITIES.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joe O'Dea

    DIRECTOR

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
11 June 2025
IRS schema version
2024v5.1
Source object
202541639349301114

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.