nonprofit logo

Western Colorado Business Development Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 841054192 ✦ Grand junction, CO ✦ Designated as a 501(c)(3)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Western Colorado Business Development Corporation?

The Western Colorado Business Development Corporation is a nonprofit organization situated in Grand Junction, Colorado. Its primary mission is to support new small businesses by offering consultation, training, and assistance with growth and expansion. During the initial stages of a startup, the corporation provides affordable administrative expenses, such as rent and other costs, to help these businesses establish a solid foundation. With a team of 17 dedicated individuals, the Western Colorado Business Development Corporation aims to foster the growth of local businesses and contribute to the economic development of the region.


Official website here: www.gjincubator.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)

The Western Colorado Business Development Corporation has received a strong score of 88% from Charity Navigator, indicating solid accountability and financial health. This rating is based solely on its Accountability & Finance score, which reflects the organization’s commitment to maintaining a transparent and efficient financial structure. The nonprofit’s independent board is fully composed of independent members, which contributes positively to its governance practices.

Strengths highlighted include a high program expense ratio of 87.80%, demonstrating that a significant portion of its expenses is directed towards its programs rather than administrative costs. The organization has also shown diligence in financial oversight, as evidenced by its audit and oversight committee receiving full marks. However, the absence of a whistleblower policy and document retention and destruction policies are noted limitations that could affect its accountability practices.

Overall, while the organization exhibits strong financial management and a commitment to transparency, the missing policies may need to be addressed to enhance its governance framework further. This could strengthen stakeholder trust and ensure comprehensive risk management moving forward.


This AI summary has been generated from information found on Charity Navigator.

Is Western Colorado Business Development Corporation legitimate?

Western Colorado Business Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Colorado Business Development Corporation 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: $50,405
Professional Fundraising Fees: $0
Other Salaries and Wages: $577,357

For more financial information, click here


Official website here: www.gjincubator.org

What is the mission statement of Western Colorado Business Development Corporation?

The Western Colorado Business Development Corporation is committed to aiding new small businesses by providing them with essential assistance, consultation, and affordable administrative expenses. Their mission is to help these start-ups navigate their early stages, offering guidance on growth and expansion. The corporation offers low-cost assistance with expenses such as rent and administration during the initial years of a business's operation, thereby empowering these new ventures to thrive.


Official website here: www.gjincubator.org

Who is the CEO of Western Colorado Business Development Corporation?

Tim Hatten is the Chair of Western Colorado Business Development Corporation.


Official website here: www.gjincubator.org

What is the revenue of Western Colorado Business Development Corporation?

Western Colorado Business Development Corporation's revenue in 2022 was $2,298,721.


Official website here: www.gjincubator.org

Who are the executives of Western Colorado Business Development Corporation and what are their salaries?

The average compensation at Western Colorado Business Development Corporation during 2022 was $36,927. There are 17 employees and 24 volunteers at Western Colorado Business Development Corporation.


Here are 11 key members and their salaries:


Tim Hatten (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nate Wallace (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phill Raimer (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Fleming Hildebrand (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teri Cavanaugh (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Spencer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Konrad Krauland (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Clemmer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kileigh Sperber (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Serrano (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dalida Bollig (Executive Di)
  • Compensation: $50,405
  • Related: $0
  • Other: $0


Official website here: www.gjincubator.org

Where can I find the form 990 for Western Colorado Business Development Corporation?

Western Colorado Business Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gjincubator.org

Learn more at the official website: www.gjincubator.org

Mission Statement of Western Colorado Business Development Corporation

Western Colorado Business Development Corporation, a nonprofit organization, is committed to aiding the establishment and growth of new small businesses. Its mission is multifaceted, encompassing the provision of consultation, training, and business assistance. The corporation aims to support these fledgling enterprises as they navigate their early stages, offering guidance on expansion and growth. Furthermore, Western Colorado Business Development Corporation provides affordable administrative expenses to alleviate the financial burden during the initial years of a startup's operation. In essence, this nonprofit organization serves as a vital resource for small businesses, offering essential assistance to help them thrive and succeed.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




July, 2024

Western Colorado Business Development Corporation's impact can be seen in the significant support it provides to new small businesses in Grand Junction, CO. By offering new startup assistance, business consultation, training, and affordable administrative expenses, this organization plays a crucial role in helping entrepreneurs successfully launch and grow their enterprises. Through its low-cost assistance for rent and administration during the early stages of business development, the corporation contributes to the economic vitality of the community and fosters the growth of local businesses. This support ultimately leads to job creation, economic development, and overall community improvement.




This information is meant to be a general summary of Western Colorado Business Development Corporation. 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.

Revenue
$2,298,721 (2022)
Expenses
$1,413,450 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,145
  • Program Service Revenue: $965,251
  • Gross Receipts: $2,298,721

Assets and Liabilities:

  • Total Assets: $7,982,323
  • Total Liabilities: $229,557
  • Net Assets: $7,752,766

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT & OTHER PGM INCOME

Revenue

$756,669

LOAN INTEREST

Revenue

$208,582

Organization Details

Founding Year

1986

Principal Officer

Tim Hatten

Main Address

2591 LEGACY WAY, GRAND JUNCTION, CO, 81503

NTEE Category

Code: S300 - Community improvement

If you are a representative of Western Colorado Business Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.