Catalyst Space: FY2020 Nonprofit Profile & Form 990 (EIN 81-3211800)

Revenue by fiscal year
FY2020	$55K
FY2021	$24K

Expenses by fiscal year
FY2020	$106K
FY2021	$52K

Net assets by fiscal year
FY2020	$27K
FY2021	−$1K

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $106K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation

Justin Merrell

Board Chair

$0Pt VII · Sec A

Brian Krier

Board Vice-Chair

$0Pt VII · Sec A

Jason Garber

Board Treasurer

$0Pt VII · Sec A

Steve Drochek

Board Secretary

$0Pt VII · Sec A

See Catalyst Space 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

Provides shared technology resources to connect local businesses, educators, and young entrepreneurs.

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Provided by the organization

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1 program · $106K · in their own filed words · FY2020

01

We partner with local businesses and educational resources to find their needs and opportunities to work together to enhance needed resources. The biggest commonality between education, small businesses, and young entrepreneurs is limited access to technological resources.

$106Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$55K

Ln 12

Gifts and grantsLn 1h$34K

Fees for servicesLn 2g$20K

Money outPt IX

$106K

Ln 25

Programscol B$106K

Owns and owesPt X

$27K

net assets · Ln 32

Cash and savingsLn 1–2$21K

Total assetsLn 16$56K

LiabilitiesLn 26$29K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$34K

Fees for servicesLn 2g$20K

Total revenueLn 12$55K

Assets in detailPt X, end of year

CashLn 1$21K

Cash and savings togetherLn 1–2$21K

Land, buildings, equipmentLn 10c$19K

Total assetsLn 16$56K

LiabilitiesLn 26$29K

Net assetsLn 32$27K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$69K	$21K
Land, buildings, equipmentLn 10c	$31K	$19K
Total assetsLn 16	$109K	$56K
LiabilitiesLn 26	$31K	$29K
Net assetsLn 32	$78K	$27K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other fees for servicesLn 11g	$31K	$31K
Advertising and promotionLn 12	$3K	$3K
Office expensesLn 13	$2K	$2K
Information technologyLn 14	$8K	$8K
OccupancyLn 16	$30K	$30K
Conferences, conventions and meetingsLn 19	$1K	$1K
Depreciation, depletion and amortizationLn 22	$12K	$12K
Other expenses (24a–d)Ln 24	$18K	$18K
Total functional expensesLn 25	$106K	$106K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest	$24K	$52K	−$28K	−$1K	990 PDF
FY2020 Viewing	$55K	$106K	−$51K	$27K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $54,503 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $90,958$34,427

I-9 Program service revenuePrior year $46,104$20,076

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $137,062$54,503

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $13,382$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $102,565$105,692

I-18 Total expensesPrior year $115,947$105,692

I-19 Revenue less expensesPrior year $21,115−$51,189

Part VI · Governance 4 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $54,503 across 5 lines filed

VIII-1b Membership dues$29,334

VIII-1f All other contributions, gifts and grants$5,093

VIII-1h Total contributions, gifts and grants$34,427

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,076$20,076

VIII-12 Total revenueRelated to mission $20,076 · Unrelated business $0 · Excluded from tax $0$54,503

Part IX · Statement of functional expenses $105,692 across 8 lines filed

IX-11g Other fees for servicesPrograms $31,101$31,101

IX-12 Advertising and promotionPrograms $2,687$2,687

IX-13 Office expensesPrograms $1,991$1,991

IX-14 Information technologyPrograms $8,418$8,418

IX-16 OccupancyPrograms $30,300$30,300

IX-19 Conferences, conventions and meetingsPrograms $1,123$1,123

IX-22 Depreciation, depletion and amortizationPrograms $12,024$12,024

IX-24 Other expenses (24a–d)Programs $18,048$18,048

IX-25 Total functional expensesPrograms $105,692 · Management $0 · Fundraising $0$105,692

Part X · Balance sheet $55,933 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $68,522$20,926

X-4 Accounts receivableStart of year $2,688$9,500

X-8 Inventories for sale or useStart of year $4,781$4,781

X-9 Prepaid expenses and deferred chargesStart of year $1,252$1,252

X-10c Land, buildings and equipment, netStart of year $31,432$19,474

X-16 Total assetsStart of year $108,675$55,933

X-17 Accounts payable and accrued expensesStart of year $17,562$0

X-25 Other liabilitiesStart of year $13,344$29,353

X-26 Total liabilitiesStart of year $30,906$29,353

X-32 Total net assets or fund balancesStart of year $77,769$26,580

X-33 Total liabilities and net assetsStart of year $108,675$55,933

Part XI · Reconciliation of net assets $26,580 net assets at year end

XI-1 Total revenue$54,503

XI-2 Total expenses$105,692

XI-3 Revenue less expenses−$51,189

XI-4 Net assets at start of year$77,769

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$26,580

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Catalyst Space FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Catalyst Space

By the numbers

Filing history

Schedules filed Part IV