Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2009.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
68 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
15 people listed on the 990; $164K paid to officers and key staff.
Tasia Malakasis’s $212K as Chief Executive Officer is at the 87th percentile of top reported officer pay among 3924 $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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| 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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Connects entrepreneurs with expertise, resources, and community to boost startup success.
Questions for Colab
Your first name shows with your question. Colab answers here, for everyone.
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Gigtank 365 is a mentorship-based program designed for software and technology-backed companies in the greater chattanooga region. The stage-gate mentoring program targets tech-enabled startups, focused on founder and company needs.
Colab's outdoor recreation accelerator is a 12-WEEK cohort-based program that is built on chattanooga's outdoor industry. The outdoor recreation accelerator program will support 9-12 companies, whose products and services focus on outdoor recreation and conservation.
Colab's consumer products accelerator takes 10-12 companies for a 12-WEEK accelerator program. Companies participating in the accelerator program must have at minimum tested their product in the market and demonstrated a complete proof of concept.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $580K | $543K |
| Land, buildings, equipmentLn 10c | $6K | $2K |
| Total assetsLn 16 | $606K | $581K |
| LiabilitiesLn 26 | $24K | $25K |
| Net assetsLn 32 | $582K | $556K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $164K | $110K | $33K | $20K |
| Other salaries and wagesLn 7 | $298K | $192K | $51K | $55K |
| Payroll taxesLn 10 | $35K | $23K | $6K | $6K |
| Other fees for servicesLn 11g | $86K | $55K | $31K | |
| Advertising and promotionLn 12 | $19K | $19K | ||
| Office expensesLn 13 | $22K | $15K | $4K | $4K |
| OccupancyLn 16 | $53K | $35K | $10K | $9K |
| TravelLn 17 | $29K | $29K | ||
| Depreciation, depletion and amortizationLn 22 | $1K | $864 | $241 | $215 |
| InsuranceLn 23 | $30K | $20K | $6K | $5K |
| Other expenses (24a–d)Ln 24 | $64K | $48K | $15K | $567 |
| Total functional expensesLn 25 | $801K | $546K | $156K | $98K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.2M | $1.4M | −$183K | $294K | 990 PDF |
| FY2023 | $1.2M | $1.3M | −$70K | $487K | 990 PDF |
| FY2022 Viewing | $775K | $801K | −$26K | $556K | 990 PDF |
| FY2021 | $650K | $881K | −$231K | $582K | 990 PDF |
| FY2020 | $970K | $834K | $136K | $803K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $775,157 revenue, 12 lines filed
Part VI · Governance 14 of 14 board members independent, no flags
Part VIII · Statement of revenue $775,157 across 4 lines filed
Part IX · Statement of functional expenses $801,146 across 11 lines filed
Part X · Balance sheet $581,384 assets, 12 lines filed
Part XI · Reconciliation of net assets $556,204 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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