2024-11-15T10:15:58-06:00 2023-12-31 341854260 CBIZ EBK 90 S CASCADE AVE STE 200 COLORADO SPRINGS CO 80903 990 2023-01-01 822707012 EXPONENTIAL IMPACT EXPO 5172421439 3650 N NEVADA AVE COLORADO SPRINGS CO 80907 MAX CUPP EXECUTIVE DIRECTOR 5172421439 2024-11-14 1 1 MITCHELL DOWNS CPA P00831972 7195310445 2024-11-14 2023 2024-10-15 13:58:12Z MAX CUPP 3650 N NEVADA AVE COLORADO SPRINGS CO 80907 652358 0 X HTTPS://WWW.EXPONENTIALIMPACT.COM/ X 2017 CO TO DEVELOP THE BEST ENTREPRENEURS HUMANLY POSSIBLE. 9 8 14 50 0 0 3037919 642499 235 0 5445 9859 0 0 3043599 652358 1300700 0 0 0 322486 312133 0 0 42282 356740 279826 1979926 591959 1063673 60399 3778747 4055793 1870215 2188860 1908532 1866933 X TO DEVELOP THE BEST ENTREPRENEURS HUMANLY POSSIBLE. 0 1 419826 XI ADVANCES ITS MISSION THROUGH A DUAL FOCUS ON EMERGING TECHNOLOGY AND COMMUNITY IMPACT. EACH TRACK SERVES A DISTINCT GROUP OF BUSINESSES AND ENTREPRENEURS IN THE PIKES PEAK REGION WITH PROGRAMS THAT ADDRESS EACH GROUP'S UNIQUE CHALLENGES AND OPPORTUNITIES FOR GROWTH. IN 2023, XI RAN TWO ACCELERATOR PROGRAMS AND ONE SURVIVE AND THRIVE COHORT. XI SUCCESSFULLY RAN A SPRING AND FALL ACCELERATOR PROGRAM AND SERVED 18 STARTUPS. EACH PROGRAM LASTED TWELVE WEEKS, WHERE THE STARTUPS RECEIVED ONE-ON-ONE MENTORSHIP AND ACCESS TO RESOURCES AND TOOLS TO SUPPORT THEIR GROWTH. ALONG WITH THE ACCELERATOR PROGRAM, XI RAN A SURVIVE AND THRIVE COHORT IN SUMMER 2023. DURING THE EIGHT WEEK PROGRAM, XI PROVIDED SMALL BUSINESSES ACCESS TO LOW INTEREST LOANS, MENTORSHIP, AND CURATED CURRICULUM. 419826 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X X THE ORGANIZATION 5172421439 3650 N NEVADA AVE COLORADO SPRINGS CO 80907 BETSY BROWN MEMBER 1.00 X 0 0 0 CHRIS JENKINS MEMBER 1.00 X 0 0 0 JAY JESSE PRESIDENT 1.00 X X 0 0 0 LEIF ULLMAN TREASURER 1.00 X X 0 0 0 MAUREEN S LAWRENCE MEMBER 1.00 X 0 0 0 YEMI MOBOLADE MEMBER 1.00 X 0 0 0 SARAH JANE MAXTED MEMBER 1.00 X 0 0 0 HANNAH PARSONS MEMBER 1.00 X 0 0 0 DR EMILY SPRATT MEMBER 1.00 X 0 0 0 JEFF GREEN MEMBER 1.00 X 0 0 0 KYLE HYBL MEMBER 1.00 X 0 0 0 VANCE BROWN EXECUTIVE DIRECTOR 40.00 X 70000 0 18594 70000 0 18594 0 0 0 0 0 233750 408749 642499 9859 9859 652358 0 0 9859 88594 79734 5316 3544 181245 164371 9670 7204 20996 16917 3342 737 21298 18103 2398 797 15465 13205 2260 4080 3000 1080 658 652 6 8430 3177 5253 33747 33747 11381 11381 CONTRACTORS 116651 58862 27789 30000 PROFESSIONAL FEES 33177 14565 18612 MARKETING 18486 17998 488 MEALS 12074 11329 745 25677 17913 7764 591959 419826 129851 42282 3141059 3545037 51226 63316 427613 322338 236948 111846 158849 125102 3778747 4055793 20431 1687 1969731 1849784 217442 1870215 2188860 X 966282 894683 942250 972250 1908532 1866933 3778747 4055793 X 60399 -101998 X 0 0 0 X 712020 645507 972686 3037919 639627 6007759 155090 235 12559 167884 712020 645507 1127776 3038154 652186 6175643 341551 266000 188864 272500 179826 1248741 0 341551 266000 188864 272500 179826 1248741 4926902 97 845 2195 5445 9859 18441 97 845 2195 5445 9859 18441 712117 646352 1129971 3043599 662045 6194084 0.79540 0.76320 0.00300 0.00150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2283 1818 465 234665 110028 124637 125102 LOANS 217442 217442 X 848358 196000 196000 652358 0 652358 889957 196000 101998 297998 591959 0 591959 PART X, LINE 2: THE ORGANIZATION IS EXEMPT, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FROM TAX ON INCOME DERIVED FROM DONATIONS, INCOME GENERATED BY ACTIVITIES CARRIED ON IN FURTHERANCE OF ITS EXEMPT PURPOSE AND CERTAIN OTHER SPECIFIED INCOME AND, IN ADDITION, IS QUALIFIED TO RECEIVE TAX DEDUCTIBLE CONTRIBUTIONS. MANAGEMENT BELIEVES THAT BASED ON EVALUATION OF ITS TAX POSITION, ANY LIABILITY AS A RESULT OF UNCERTAIN TAX POSITIONS WOULD NOT BE MATERIAL. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, CHANGES IN THE TAX LAWS, AND NEW AUTHORITATIVE RULINGS TO ASSIST IN EVALUATING ITS TAX POSITION. ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY, WOULD BE RECOGNIZED AS PART OF THE INCOME TAX POSITION. FORM 990, PART III, LINE 3 PRIOR TO 2023, THROUGH THE COMMUNITY IMPACT TRACK, EXPONENTIAL IMPACT RAN THE SURVIVE AND THRIVE PROGRAM THAT PROVIDED SPECIALIZED CURRICULUM, MENTORSHIP, COMMUNITY CONNECTIONS, AND FUNDING TO SMALL BUSINESSES LOCATED IN THE PIKES PEAK REGION. SURVIVE AND THRIVE GREW OUT OF A COMMUNITY NEED FOLLOWING THE COVID-19 PANDEMIC, AND ITS FUTURE GROWTH ADDRESSED A GAP IN ACCESS TO CAPITAL FOR SMALL BUSINESSES AND PROVIDED RESOURCES FOR EXISTING BUSINESSES LOOKING TO STABILIZE AND GROW. IN 2023, EXPONENTIAL IMPACT LAUNCHED A REVOLVING LOAN FUND. THE OVERARCHING INTENT OF THE REVOLVING LOAN FUND IS TO PROVIDE SUPPORT AND GROWTH INFRASTRUCTURE TO BUSINESS OWNERS TO MAKE NECESSARY PIVOTS AND DEVELOP SCAFFOLDING FOR FUTURE CITY-WIDE PROSPERITY. FORM 990, PART VI, SECTION A, LINE 2 THE EXECUTIVE DIRECTOR VANCE BROWN IS MARRIED TO BOARD MEMBER BETSY BROWN. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A THIRD PARTY. THE GOVERNING BODY REVIEWS AND APPROVES THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL MEMBERS OF THE GOVERNING BODY TO SIGN AND SUBMIT ANNUALLY A FORM DISCLOSING ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS AUTHORIZED OR RATIFIED BY THE BOARD OF DIRECTORS. ELECTION OR APPOINTMENT OF AN OFFICER SHALL NOT OF ITSELF CREATE A CONTRACTUAL RIGHT TO COMPENSATION FOR SERVICES PERFORMED AS SUCH OFFICER. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FORM 990 ARE AVAILABLE UPON REQUEST AND ON THE WEBSITE OF OTHERS, SUCH AS GUIDESTAR. FORM 990, PART XI, LINE 9: BAD DEBTS -101,998.