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Colab EIN 26-3934828

Colab FY2020 filing

EIN  26-3934828 Public charity (501(c)(3)) Chattanooga, TN
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Connects entrepreneurs with expertise, resources, and community to boost startup success.
Leadership
Marcus Shaw · Executive Director · $161K
Money in and out
$970K revenue, $834K expenses
Bottom line
73% program efficiency

Connects entrepreneurs with expertise, resources, and community to boost startup success. For fiscal year 2020 it reported $970K in revenue, $834K in expenses, and $803K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$970K
Pt VIII · Ln 12
Total expenses
$834K
Pt IX · Ln 25
Net assets
$803K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $136K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.18 Fundraising $0.09
Program efficiency
73%
of spending reaches programs
Operating runway
10.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$970K
FY2020
Expenses
$834K
FY2020
Total assets
$829K
FY2020
Total liabilities
$25K
FY2020
Total revenue
$970K
Pt VIII · Ln 12
Total expenses
$834K
Pt IX · Ln 25
Net assets
$803K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$136K
Total assetsPt X · Ln 16$829K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

1 program service account for $609K of program spending, described in the organization's own filed words · FY2020.
01

Programs and projects for connecting entrepreneurs with expertise, training, resources and community. Programs include mentoring, training classes, accelerator programs, startup weekends, business pitch sessions, panel discussions and public events.

$609Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CColab
EINHdr · item D26-3934828
Principal addressHdr · item CChattanooga, TN
WebsiteHdr · item Jwww.colab.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFAug 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Marcus Shaw
Executive Director
$160,962Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Roy Keith
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
George Yu
Director
$0Pt VII · Sec A

Tasia Malakasis’s $212K as Chief Executive Officer is at the 87th percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tasia Malakasis$211,700$194,349$78,155——
Marcus Shaw———$44,712$160,962
Lindsey Cox——$85,673$119,904—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$967K
Program service revenue$3K
Other revenue$338
Total revenueLn 12$970K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.18 Fundraising $0.09
Program services73%$609K
Management & general18%$154K
Fundraising9%$71K
Total functional expensesLn 25$834K

Balance Sheet

Part X · end of year
CashLn 1$715K
Total assetsLn 16$829K
Total liabilitiesLn 26$25K
Total net assetsLn 32$803K
Months of cash on handcomputed10.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $715K · Operating expenses/yr $834K
10.3 months
Where the money goes
Program services
Program services $609K · Total expenses $834K
73%
Management & General
Management & general $154K · Total expenses $834K
18%
Fundraising
Fundraising $71K · Total expenses $834K
9%
Cost to raise $1
Fundraising expense $71K · Solicited contributions $967K
$0.07 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $967K · Total revenue $970K
100%
Government reliance
Government grants — · Total revenue $970K
—
Earned-income share
Program service revenue $3K · Total revenue $970K
0%
Investment reliance
Investment income $0 · Total revenue $970K
0%
Program self-sufficiency
Program service revenue $3K · Total expenses $834K
0%
Growth & trend
Revenue growth (YoY)
This year $970K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $803K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $970K · Expenses $834K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $829K
—
Net-asset ratio
Net assets $803K · Total assets $829K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $829K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marcus Shaw · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $161K · Total expenses $834K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $530K · Total expenses $834K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%——
Overhead ratio 18%——
Fundraising cost ratio 7%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Tennessee Technology Development CorporationFY2024$252K
Total grants receivedfrom 1 funder$252K
Grants paid · 1 grant · $8K · 2023–2023
ArtsbuildTN · FY2023$8,333

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$775K revenue · ⤓ 990 PDF
FY2021$650K revenue · ⤓ 990 PDF
FY2020$970K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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