Overview
What is Energize Colorado Inc?
Energize Colorado Inc is a nonprofit organization based in Boulder, Colorado. Their primary mission is to foster a resilient and equitable small-business ecosystem across the state. They achieve this by combining financial readiness training, low-cost debt, and a 10-week community-based accelerator, providing up to $20,000 in capital, mentorship, and access to local partner programs for eligible businesses. In 2022, they deployed nearly $2 million to over 100 businesses. Additionally, they developed the Small Business Resiliency Index, a comprehensive tool that tracks the impact of economic cycles on Colorado's small business ecosystem and the barriers small business owners face in building resilience and inclusivity. Energize Colorado Inc employs a team of 7 individuals, working collaboratively with innovative thinkers, small-business owners, entrepreneurs, and non-profit and civic partners to tackle challenges and empower small businesses for economic growth.
Official website here: www.energizecolorado.com
Is Energize Colorado Inc legitimate?
Energize Colorado Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Energize Colorado Inc 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: $127,235
Professional Fundraising Fees: $0
Other Salaries and Wages: $352,953
For more financial information, click here
Official website here: www.energizecolorado.com
What is the mission statement of Energize Colorado Inc?
Energize Colorado Inc's mission is to catalyze bold change, fostering a more resilient and inclusive small business ecosystem across the state. They achieve this by bringing together innovative thinkers, small business owners, entrepreneurs, and non-profit and civic partners to collaboratively address the challenges facing small businesses. The organization empowers small businesses through education and mentorship, technological innovation, access to capital, and investment in strategic programs, aiming to create a more resilient and equitable economy. Their flagship program, the Energize Community Program, offers financial readiness training, low-cost debt, and a 10-week community-based accelerator, providing up to $20,000 in capital, dedicated mentorship, and access to a catalog of programs through local partners. In 2022, they deployed nearly $2 million in funds to over 100 businesses. Additionally, Energize Colorado Inc developed the Small Business Resilience Index, a comprehensive tool that tracks the impact of economic cycles on small businesses and the barriers they face in building resilience and inclusivity into their future growth. This index allows business owners to better understand what they need to do to become stronger in the face of future crises.
Official website here: www.energizecolorado.com
Who is the CEO of Energize Colorado Inc?
Scott Romano is the Chief Operating Officer of Energize Colorado Inc. The CEO's salary of Energize Colorado Inc is $34,688 and their total compensation is $34,945.
Official website here: www.energizecolorado.com
What is the revenue of Energize Colorado Inc?
Energize Colorado Inc's revenue in 2022 was $399,971.
Official website here: www.energizecolorado.com
Who are the executives of Energize Colorado Inc and what are their salaries?
The average compensation at Energize Colorado Inc during 2022 was $68,598. There are 7 employees and 75 volunteers at Energize Colorado Inc.
Here are 13 key members and their salaries (Energize Colorado Inc's CEO's salary is $34,688 and their total compensation is $34,945):
- Compensation: $34,688
- Related: $0
- Other: $257
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- Compensation: $87,642
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- Other: $4,648
Official website here: www.energizecolorado.com
Where can I find the form 990 for Energize Colorado Inc?
Energize Colorado Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.energizecolorado.com
Learn more at the official website: www.energizecolorado.com
Mission Statement of Energize Colorado Inc
Energize Colorado Inc, a catalyst for change, is dedicated to fostering a more resilient and equitable small-business ecosystem across the state. Their mission is to ignite transformation within Colorado's small business sector, bringing together innovative thinkers, entrepreneurs, small business owners, non-profit organizations, and civic partners to collectively tackle the challenges faced by small businesses. By empowering these entities through education, mentorship, technological innovation, access to capital, and strategic investment in programs, Energize Colorado Inc aims to create a more robust and inclusive economy. Their mission is a bold call to action, aimed at catalyzing change and driving growth within Colorado's small business community.
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Impact
October, 2024
Energize Colorado Inc is transforming Colorado's small-business landscape by fostering resilience and equity among entrepreneurs. Through innovative collaborations, the organization addresses the pressing challenges faced by small businesses, harnessing the expertise of thinkers, owners, and civic partners.
One of their flagship initiatives, the Energize Community Program, encompasses a comprehensive approach that combines financial readiness training, low-cost debt access, and a 10-week community-based accelerator. This program not only provides business owners with up to $20,000 in capital but also offers dedicated mentorship and access to a wide range of local resources. In 2022 alone, Energize Colorado deployed nearly $2 million in funds to over 100 businesses, empowering them to thrive and grow.
Furthermore, the Small Business Resiliency Index serves as a critical tool for understanding the economic dynamics affecting small businesses in Colorado. By measuring resiliency and identifying barriers, it enables owners to formulate strategies that enhance their stability against future challenges. This index also helps assess the impact of Energize Colorado’s investments, ensuring a measurable effect on the broader small business ecosystem.
Through education, mentorship, and strategic capital access, Energize Colorado Inc is igniting change and building a more inclusive and resilient economic foundation for small businesses across the state.
This information is meant to be a general summary of Energize Colorado Inc. 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: $4,434
- Gross Receipts: $399,971
Assets and Liabilities:
- Total Assets: $3,602,990
- Total Liabilities: $34,566
- Net Assets: $3,568,424
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Organization Details
Founding Year
2020
Phone
(314) 401-0501Principal Officer
Scott Romano
Main Address
4845 PEARL EAST CIR PMB 76039 118, BOULDER, CO, 803016112
Website
www.energizecolorado.comNTEE Category
Code: S99 - Community improvement
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