Overview
What is Boulder Sbdc Foundation?
Boulder Sbdc Foundation is a dedicated nonprofit organization situated in Boulder, Colorado, specifically at 1500 Pearl Street Suite 302. Its primary mission is to foster the growth and resilience of small businesses in Boulder County. This encompasses various sectors, including retail, restaurants, and service businesses, often referred to as secondary employers. The organization offers free business consulting services, practical workshops, and events, and acts as a bridge to various resources, such as financing. Their support extends to both fledgling startups and established businesses in their second stage, as well as those with a strong technology focus. Their team, comprising five employees, is committed to empowering these small businesses to thrive in their respective markets.
Official website here: www.bouldersbdc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (62%)
The Boulder SBDC Foundation currently holds a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within its operations. The foundation has a high program expense ratio of 89.64%, suggesting that a large portion of its expenditures are directed toward its mission rather than administrative costs. However, the overall accountability and finance score of 62% highlights serious concerns regarding governance and transparency.
A critical area of concern is the lack of independent board members, with 0% independence among its eight members. Additionally, the foundation has not submitted financial statements, which raises questions about its financial transparency. While it has established policies such as a conflict of interest and whistleblower policies, the absence of a document retention policy and missing board meeting minutes on its website contribute to the low rating.
Despite these challenges, the foundation does demonstrate some strengths, such as a low liabilities to assets ratio of 0.18%, which indicates a solid financial position relative to its obligations. However, without improvements in governance and transparency, it may struggle to gain the trust and support of potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Boulder Sbdc Foundation?
While the Boulder SBDC Foundation currently has only two reviews on Facebook, the sentiments expressed are positive. One reviewer highlights the organization's mission by stating it is "empowering the economy," indicating that they appreciate the services and contributions being made towards economic development.
Although the number of reviews is limited, the recommendation suggests that those who have interacted with the foundation believe in its potential impact. Users seem to support its objectives and recognize the value it brings to the community.
Overall, the initial impressions are encouraging, and there is a sense of optimism regarding the Boulder SBDC Foundation's efforts to foster economic growth and support local businesses.
This AI summary has been generated from reviews found on Facebook.
Is Boulder Sbdc Foundation legitimate?
Boulder Sbdc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boulder Sbdc 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: $317,864
Professional Fundraising Fees: $0
Other Salaries and Wages: $92,927
For more financial information, click here
Official website here: www.bouldersbdc.com
What is the mission statement of Boulder Sbdc Foundation?
The Boulder Small Business Development Center (SBDC) serves as a dedicated non-profit organization, committed to fostering the growth and resilience of small businesses across various stages and industries. By offering free business consulting, practical workshops, and events, as well as connecting businesses to resources and financing, the SBDC aims to support these enterprises in Boulder County. The SBDC caters to a diverse range of small businesses, from fledgling startups to established second-stage ventures, encompassing both Main Street businesses and highly scalable technology companies.
Official website here: www.bouldersbdc.com
Who is the CEO of Boulder Sbdc Foundation?
Sharon King is the Exec. Director of Boulder Sbdc Foundation.
Official website here: www.bouldersbdc.com
What is the revenue of Boulder Sbdc Foundation?
Boulder Sbdc Foundation's revenue in 2022 was $1,132,021.
Official website here: www.bouldersbdc.com
Who are the executives of Boulder Sbdc Foundation and what are their salaries?
The average compensation at Boulder Sbdc Foundation during 2022 was $82,158. There are 5 employees at Boulder Sbdc Foundation.
Here are 6 key members and their salaries:
- Compensation: $126,600
- Related: $0
- Other: $11,600
- Compensation: $80,000
- Related: $0
- Other: $9,932
- Compensation: $80,000
- Related: $0
- Other: $9,732
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bouldersbdc.com
Where can I find the form 990 for Boulder Sbdc Foundation?
Boulder Sbdc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bouldersbdc.com
Learn more at the official website: www.bouldersbdc.com
Mission Statement of Boulder Sbdc Foundation
The Boulder SBDC Foundation, a nonprofit organization, is committed to fostering the growth and resilience of small businesses in Boulder County. It accomplishes this mission by offering free business consulting services, practical workshops, and events, as well as connecting businesses to necessary resources, including financing. The organization caters to a wide range of small businesses, from startups to those in their second stage, and from Main Street businesses to highly scalable technology ventures. The Boulder SBDC Foundation's goal is to support the development of these businesses, helping them navigate the challenges they may face and ultimately contribute to the local economy.
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Impact
July, 2024
Boulder SBDC Foundation's impact is significant in supporting the growth and resiliency of small businesses in Boulder County. They provide free business consulting, practical workshops, events, and connections to resources, including financing. The SBDC assists all types of small businesses, from startups to 2nd stage ventures, from Main Street to highly scalable technology businesses. Their focus on Core Main Street Businesses, which are defined as secondary employers, helps these businesses thrive by offering consulting services, workshops, resources, and special programming like the Contract Opportunities Fair. Through their efforts, Boulder SBDC Foundation plays a crucial role in enhancing the local economy and fostering community improvement.
This information is meant to be a general summary of Boulder Sbdc 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: $80
- Gross Receipts: $1,132,021
Assets and Liabilities:
- Total Assets: $445,193
- Total Liabilities: $838
- Net Assets: $444,355
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Organization Details
Founding Year
2019
Phone
(303) 442-1475Principal Officer
Sharon King
Main Address
1500 Pearl Street Suite 302, Boulder, CO, 80302
Website
www.bouldersbdc.comNTEE Category
Code: S30 - Community improvement
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