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Adaptive Spirit

Not tax-deductible

Denver, CO501(c)(6)Community DevelopmentEIN 45-2843918

99¢ of each $1 spent went to programs.
Run by 30 volunteers.
Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $37K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+0.5% vs prior year
Spent
$2.1M
To programs
99%
Net assets
$1.0M
By yearFY2021–FY2025
Revenue
$2.0M
FY2025+0.5%
Revenue by fiscal year
FY2021$768K
FY2022$1.3M
FY2023$1.5M
FY2024$2.0M
FY2025$2.0M
Expenses
$2.1M
FY2025▲ +31%
Expenses by fiscal year
FY2021$890K
FY2022$1.3M
FY2023$1.5M
FY2024$1.6M
FY2025$2.1M
Net assets
$1.0M
FY2025-0.5%
Net assets by fiscal year
FY2021$620K
FY2022$603K
FY2023$562K
FY2024$1.0M
FY2025$1.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $2.1M Management & general 1% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Steve Raymond
Chairperson
$0Pt VII · Sec A
Nomi Bergman
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Brad Parobek
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tim Gropp
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Adaptive Spirit executive salaries →

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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 15aNo

Programs and updates

Adaptive Spirit is a business league or trade association based in Denver, CO.

Provided by the organization

This section is blank until Adaptive Spirit claims this page.

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1 program service account for $2.1M of program spending, described in the organization's own filed words · FY2024.
01

The Annual Conference Serves

(1) As an annual membership meeting in which organization business is conducted; (2) To distribute membership directory; (3) Produce industry educational activities to further knowledge levels of the members; (4) Produce business-building activities where members connect with vendors and get best practices.

$2.1Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Team DigeronimoFY2024$6K
Total grants receivedfrom 1 funder$6K
Grants paid · 8 grants · $3.3M · 2020–2024
United States Olympic and Paralympic CommitteeCO · FY2024$1,000,000
No Excuses UnlimitedFY2024$110,500
United States Olympic and Paralympic CommitteeCO · FY2023$500,000
United States Olympic and Paralympic CommitteeCO · FY2022$500,000
United States Olympic and Paralympic CommitteeCO · FY2021$500,000
No Excuses UnlimitedCO · FY2021$87,251
United States Olympic and Paralympic CommitteeCO · FY2020$500,000
No Excuses UnlimitedCO · FY2020$85,500

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$2.0M
Gifts and grantsLn 1h$48K
Investment incomeLn 3$38K
Money outPt IX
$2.1M
Ln 25
Programscol B$2.1M
Managementcol C$14K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$553K
Total assetsLn 16$1.0M
LiabilitiesLn 26$2K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$38K
Gains on assetsLn 7$0
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$516K
Cash and savings togetherLn 1–2$553K
InvestmentsLn 11–13$380K
Total assetsLn 16$1.0M
LiabilitiesLn 26$2K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$688K$553K
InvestmentsLn 11–13$350K$380K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$50K$2K
Net assetsLn 32$1.0M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$6K$6K
Conferences, conventions and meetingsLn 19$958K$958K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$2K$0$2K$0
Total functional expensesLn 25$2.1M$2.1M$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.0M$2.1M−$47K$1.0M 990 PDF
FY2024 $2.0M$1.6M$436K$1.0M 990 PDF
FY2023 $1.5M$1.5M−$39K$562K 990 PDF
FY2022 $1.3M$1.3M−$43K$603K 990 PDF
FY2021 $768K$890K−$122K$620K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $2,039,788 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$48,000
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$48,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,953,691 · Unrelated business $0 · Excluded from tax $0$1,953,691
VIII-3 Investment incomeRelated to mission $38,097 · Unrelated business $0 · Excluded from tax $0$38,097
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $1,991,788 · Unrelated business $0 · Excluded from tax $0$2,039,788
Part IX · Statement of functional expenses $2,086,296 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $1,114,500$1,114,500
IX-11f Investment management feesManagement $2,502$2,502
IX-11g Other fees for servicesManagement $5,979$5,979
IX-19 Conferences, conventions and meetingsPrograms $957,519$957,519
IX-23 InsuranceManagement $3,657$3,657
IX-24 Other expenses (24a–d)Programs $0 · Management $2,139 · Fundraising $0$2,139
IX-25 Total functional expensesPrograms $2,072,019 · Management $14,277 · Fundraising $0$2,086,296
Part X · Balance sheet $1,034,834 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $69,471$36,962
X-2 Savings and temporary cash investmentsStart of year $618,332$516,420
X-9 Prepaid expenses and deferred chargesStart of year $50,000$100,961
X-11 Publicly traded securitiesStart of year $350,237$380,491
X-16 Total assetsStart of year $1,088,040$1,034,834
X-17 Accounts payable and accrued expensesStart of year $947$1,735
X-26 Total liabilitiesStart of year $50,147$1,735
X-32 Total net assets or fund balancesStart of year $1,037,893$1,033,099
X-33 Total liabilities and net assetsStart of year $1,088,040$1,034,834
Part XI · Reconciliation of net assets $1,033,099 net assets at year end
XI-1 Total revenue$2,039,788
XI-2 Total expenses$2,086,296
XI-3 Revenue less expenses−$46,508
XI-4 Net assets at start of year$1,037,893
XI-5 Net unrealized gains (losses) on investments$41,714
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,033,099

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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