2025-11-13T10:27:09-06:00 2024-12-31 840884124 BiggsKofford PC 1975 Research Pkwy Suite 255 Colorado Springs CO 80920 990 2024-01-01 822707012 Exponential Impact EXPO 5172421439 3650 N Nevada Ave Colorado Springs CO 80907 Max Cupp Executive Director 5172421439 2025-11-13 1 0 Tyler Atkins CPA P01818337 7195799090 2025-11-13 2024 2025-03-06 01:10:19Z Max Cupp 3650 N Nevada Ave Colorado Springs CO 80907 2153332 0 X https://www.exponentialimpact.com X 2017 CO To develop the best entrepreneurs humanly possible. 8 7 13 0 0 0 642499 2025275 0 19598 9859 108459 0 0 652358 2153332 0 105000 0 0 312133 411443 0 0 11976 279826 284064 591959 800507 60399 1352825 4055793 5295573 2188860 683271 1866933 4612302 X To develop the best entrepreneurs humanly possible. 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. 0 0 378014 19598 Accelerator - offers multiple rigorous holistic 12-week programs to support founders at every stage for emerging technology startups, from start to scale. During 2024, XI successfully ran a spring and fall accelerator program and served 17 startups. Each program lasts 12 weeks, where the startups received one-in-one mentorship and access to resources and tools to support their growth. 298603 105000 Survive & Thrive - provides funding, mentorship, and programming for Colorado Springs-based entrepreneurs. During 2024, XI successfully ran 2 Survive & Thrive cohorts and served 54 small businesses. During the 8-week program, XI provides small business access to low interest loans, mentorship, and curated curriculum. 676617 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X The Organization 5172421439 3650 N Nevada Ave Colorado Springs CO 80907 Vance Brown Executive Director, Member 40.00 X X 48782 0 11178 Jay Jesse President 1.00 X X 0 0 0 Maureen Lawrence Vice President 1.00 X X 0 0 0 Leif Ullman Treasurer 1.00 X X 0 0 0 Sarah Jane Maxted Secretary 1.00 X X 0 0 0 Angela Mader Hartshorn Member 1.00 X 0 0 0 Yemi Mobolade Member 1.00 X 0 0 0 Hannah Parsons Member (part year) 1.00 X 0 0 0 Betsy Brown Member (part year) 1.00 X 0 0 0 Chris Jenkins Member 1.00 X 0 0 0 Max Cupp Executive Director 40.00 X 50167 0 4651 98949 0 15829 0 0 0 0 0 913750 1111525 151066 2025275 Program Income 611430 19598 19598 19598 108459 108459 2153332 19598 0 108459 105000 105000 114778 97561 11478 5739 228518 204929 19005 4584 6532 5884 534 114 30528 27343 2551 634 31087 27438 2744 905 3853 3853 8100 8100 65691 42121 23570 16548 13103 3445 56832 42032 14800 10112 6767 3345 47141 45301 1840 3577 1798 1779 21384 19720 1664 2357 2357 37620 37620 10849 10849 800507 676617 111914 11976 3545037 678146 2089656 63316 65579 322338 1141295 458001 149465 125102 308536 0 1012361 4055793 5295573 1687 10449 1969731 100000 217442 572822 2188860 683271 X 894683 2679887 972250 1932415 1866933 4612302 4055793 5295573 X 1352825 1553585 -161041 X X 0 1 X 1 0 X 645507 972686 3037919 642499 2025275 7323886 155090 235 19598 174923 645507 1127776 3038154 642499 2044873 7498809 266000 188864 272500 179826 82500 989690 0 266000 188864 272500 179826 82500 989690 6509119 845 2195 5445 9859 108459 126803 845 2195 5445 9859 108459 126803 646352 1129971 3043599 652358 2153332 7625612 0.85360 0.79540 0.01660 0.00300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44987 2142 42845 2283 2283 0 410731 145040 265691 308536 Operating lease right-of-use asset 1012361 1012361 Operating Lease Liability 572822 572822 X 2293720 140388 140388 2153332 0 2153332 1101936 140388 161041 301429 800507 0 800507 Part X, Line 2: The Organization evaluates the effect of uncertain tax positions, if any, and provides for those positions in accordance with the provisions of FASB ASC Topic 450, Contingencies. No tax accrual for uncertain tax positions has been recorded as management believes there are no uncertain tax positions for the Organization. Part XII, Line 2d - Other Adjustments: Bad debt 161,041. 1 Carefree Bar and Grill LLC 3535N Carefree Circle Colorado Springs CO 80917 10000 0 Low interest loan forgiven Circle Back Tap LLC 1106 N Circle Dr Colorado Springs CO 80909 15000 0 Low interest loan forgiven Taste of Brasil LLC 773 Garden of the Gods Rd Colorado Springs CO 80907 25000 0 Low interest loan forgiven Use What You Got LLC 162 Tracker Dr Suite 110 Colorado Springs CO 80921 15000 0 Low interest loan forgiven Westside Cantina LLC 2611 W Colorad Ave Suite 100 Colorado Springs CO 80904 40000 0 Low interest loan forgiven 5 X Furniture and Glass System 1 151066 FMV 0 0 0 Form 990, Part VI, Section A, line 2 Former executive director and current board member, 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 board 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 18 Form 990 is available upon request and on other websites such as guidestar. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part XI, line 9: Bad debt -161,041. Form 990 Part XII, Line 2c The process has not changed from the prior year.