Overview
What is Collider Foundation?
Collider Foundation is a nonprofit organization situated in Rochester, Minnesota. Their primary mission is to eliminate barriers to entrepreneurship within the local community. They achieve this by offering low-cost office space through their Collider Coworking Space, which serves as a hub for emerging businesses. This space facilitates connections between entrepreneurs and resource providers, as well as mentors, thereby fostering growth and development. Collider Foundation also supports entrepreneurs through navigation, education, events, and storytelling, aiming to cultivate a diverse, inclusive, and equitable entrepreneurial ecosystem in Rochester. With a small team of three dedicated individuals, they are actively working towards their mission.
Official website here: www.collider.mn/
Is Collider Foundation legitimate?
Collider Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Collider Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,713
For more financial information, click here
Official website here: www.collider.mn/
What is the mission statement of Collider Foundation?
The Collider Foundation advocates for the elimination of barriers to entrepreneurship, particularly in diverse and inclusive communities. To accomplish this, the foundation offers assistance in navigation, education, events, and storytelling, aiming to cultivate an equitable ecosystem for entrepreneurs. The foundation's primary activity involves providing low-cost office space through its Collider Coworking Space. This workspace serves as a hub for new and growing businesses, connecting them with resource providers and mentors, thereby helping to overcome the obstacle of securing a physical location, which can be challenging for emerging enterprises. The ultimate goal is to foster the growth of new companies, enabling them to eventually establish their own permanent business locations.
Official website here: www.collider.mn/
Who is the CEO of Collider Foundation?
Traci Downs is the President of Collider Foundation.
Official website here: www.collider.mn/
What is the revenue of Collider Foundation?
Collider Foundation's revenue in 2022 was $392,525.
Official website here: www.collider.mn/
Who are the executives of Collider Foundation and what are their salaries?
The average compensation at Collider Foundation during 2022 was $46,571. There are 3 employees and 15 volunteers at Collider Foundation.
Here are 4 key members and their salaries:
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Official website here: www.collider.mn/
Where can I find the form 990 for Collider Foundation?
Collider Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.collider.mn/
Learn more at the official website: www.collider.mn/
Mission Statement of Collider Foundation
Collider Foundation, an organization dedicated to promoting entrepreneurship in Rochester, aims to eliminate any obstacles that may hinder the growth of new businesses in the area. To achieve this, Collider Foundation offers support through navigation, education, events, and storytelling. By doing so, the foundation seeks to establish an inclusive, diverse, and equitable entrepreneurial ecosystem in Rochester.
Collider Foundation's primary tool in achieving its mission is the Collider Coworking Space. This shared workspace provides low-cost offices to emerging businesses, connecting them with resource providers and mentors who are often co-located in the same space. This physical location is crucial for many new businesses, as it helps them to activate, connect, and empower themselves in the early stages of their growth. The goal is for these companies to eventually outgrow the coworking space and establish their own brick-and-mortar locations in the future.
In summary, Collider Foundation's mission is to foster an inclusive and equitable entrepreneurial ecosystem in Rochester, where emerging businesses can grow without facing significant barriers. Through its Collider Coworking Space, the foundation provides low-cost office space, connects businesses with resources and mentors, and empowers them to grow and eventually move into their own locations.
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Impact
October, 2024
The Collider Foundation significantly impacts the entrepreneurial landscape in Rochester by eliminating barriers to access for aspiring and emerging entrepreneurs. Through its Collider Coworking Space, it provides affordable office space that encourages collaboration and connection among new businesses. This physical hub not only offers a workspace but also fosters an inclusive, diverse, and equitable ecosystem by linking entrepreneurs with vital resources, mentorship, and educational opportunities.
By creating a supportive environment, the Collider Foundation empowers individuals to navigate the complexities of starting and growing a business, thus enhancing the local economy. The foundation's focus on storytelling and community events further amplifies the entrepreneurial spirit, supporting a culture where innovation can thrive. Ultimately, Collider Foundation plays a crucial role in cultivating the next wave of businesses that will contribute to Rochester's economic vitality.
This information is meant to be a general summary of Collider Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $987
- Program Service Revenue: $158,367
- Gross Receipts: $392,525
Assets and Liabilities:
- Total Assets: $259,105
- Total Liabilities: $227
- Net Assets: $258,878
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Coworking
Revenue
$158,002
Education & Events
Revenue
$365
Organization Details
Founding Year
2019
Principal Officer
Traci Downs
Main Address
221 1st Ave SW STE 610, Rochester, MN, 55902
Website
www.collider.mn/NTEE Category
Code: S43 - Community improvement
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