Collider Foundation activates, connects, and empowers entrepreneurs in rochester, minnesota. We believe in a community with zero barriers to entrepreneurship for anyone with a strong business idea and the passion to see IT grow.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
5 of 6
filings with a surplus
Average surplus $50K a year · 13% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $104K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$19K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$289K
Spent
$233K
To programs
89%
Net assets
$81K
By yearFY2020–FY2025
Revenue
$289K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$289K
FY2021$381K
FY2022$393K
FY2023$450K
FY2024$387K
FY2025$416K
Expenses
$233K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$233K
FY2021$306K
FY2022$289K
FY2023$414K
FY2024$394K
FY2025$378K
Net assets
$81K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$81K
FY2021$155K
FY2022$259K
FY2023$295K
FY2024$288K
FY2025$325K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2019.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $209K Management & general 11% · $25K

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

4 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation
Key Employee
$62,125Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Jamie Sundsbak’s $62K as Key Employee is at the 39th percentile of top reported officer pay among 1709 $100K–1M community development 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.

See Collider Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps Rochester entrepreneurs overcome barriers with support, education, and events.

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Provided by the organization

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3 programs · $197K · in their own filed words · FY2020
01

Collider Foundation provided low-cost office space to forty-two new and growing businesses in the Rochester area through its Collider Coworking Space. This space works to activate, connect, and empower new and emerging entrepreneurs and businesses by connecting them to resource providers and mentors who are often co-located in the same…

$92Kprogram expense
02

Colliders Ecosystem Navigator Program assisted over one hundred entrepreneurs in our community with connections and resources to get them started on their entrepreneurial journey. Colliders Navigators meet 1:1 with entrepreneurs and small businesses in the community to listen, understand, and connect them to resources to help remove…

$63Kprogram expense
03

Collider believes that educational events are crucial to success for emerging entrepreneurs. Therefore, in 2020, Collider held over 20 education sessions and events focused on issues facing emerging entrepreneurs in our community.Our Basics of Entrepreneurship Course assisted eight entrepreneurs in moving from idea to customer in just…

$42Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Mayo ClinicFY2024$50K
Total grants receivedfrom 5 funders$104K
See all 5 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$289K
Ln 12
Fees for servicesLn 2g$192K
Gifts and grantsLn 1h$97K
Investment incomeLn 3$182
Money outPt IX
$233K
Ln 25
Programscol B$209K
Managementcol C$25K
Owns and owesPt X
$81K
net assets · Ln 32
Cash and savingsLn 1–2$100K
Total assetsLn 16$100K
LiabilitiesLn 26$19K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$97K
Fees for servicesLn 2g$192K
Investment incomeLn 3$182
Total revenueLn 12$289K
Assets in detailPt X, end of year
CashLn 1$100K
Cash and savings togetherLn 1–2$100K
Total assetsLn 16$100K
LiabilitiesLn 26$19K
Net assetsLn 32$81K
OperationsPt I, VI
EmployeesI 54
VolunteersI 615
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$26K$100K
Total assetsLn 16$26K$100K
LiabilitiesLn 26$363$19K
Net assetsLn 32$25K$81K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$20K$20K
Pay of current officers, directors and key staffLn 5$62K$56K$6K
Other salaries and wagesLn 7$56K$50K$6K
Payroll taxesLn 10$10K$9K$990
Accounting feesLn 11c$927$927
Other fees for servicesLn 11g$7K$7K
Advertising and promotionLn 12$300$300
Office expensesLn 13$9K$7K$2K
OccupancyLn 16$65K$59K$7K
TravelLn 17$46$46
Conferences, conventions and meetingsLn 19$210$210
InterestLn 20$3$3
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$595$595
Total functional expensesLn 25$233K$209K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $416K$378K$38K$325K 990 PDF
FY2024 $387K$394K−$7K$288K 990 PDF
FY2023 $450K$414K$36K$295K 990 PDF
FY2022 $393K$289K$104K$259K 990 PDF
FY2021 $381K$306K$74K$155K 990 PDF
FY2020 Viewing $289K$233K$55K$81K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $288,703 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $181,519$96,524
I-9 Program service revenuePrior year $107,002$191,997
I-10 Investment income$182
I-11 Other revenuePrior year $182$0
I-12 Total revenuePrior year $288,703$288,703
I-13 Grants and similar amounts paidPrior year $33,260$20,182
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $128,568$128,030
I-16a Professional fundraising fees$0
I-17 Other expenses$85,039
I-18 Total expensesPrior year $161,828$233,251
I-19 Revenue less expensesPrior year $126,875$55,452
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $288,703 across 5 lines filed
VIII-1f All other contributions, gifts and grants$96,524
VIII-1h Total contributions, gifts and grants$96,524
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $191,997$191,997
VIII-3 Investment incomeRelated to mission $182$182
VIII-12 Total revenueRelated to mission $192,179 · Unrelated business $0 · Excluded from tax $0$288,703
Part IX · Statement of functional expenses $233,251 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $20,182$20,182
IX-5 Pay of current officers, directors and key staffPrograms $55,913 · Management $6,212$62,125
IX-7 Other salaries and wagesPrograms $50,400 · Management $5,600$56,000
IX-10 Payroll taxesPrograms $8,915 · Management $990$9,905
IX-11c Accounting feesManagement $927$927
IX-11g Other fees for servicesPrograms $6,877$6,877
IX-12 Advertising and promotionManagement $300$300
IX-13 Office expensesPrograms $7,279 · Management $1,820$9,099
IX-16 OccupancyPrograms $58,818 · Management $6,535$65,353
IX-17 TravelManagement $46$46
IX-19 Conferences, conventions and meetingsPrograms $210$210
IX-20 InterestManagement $3$3
IX-23 InsuranceManagement $1,629$1,629
IX-24 Other expenses (24a–d)Management $595$595
IX-25 Total functional expensesPrograms $208,594 · Management $24,657 · Fundraising $0$233,251
Part X · Balance sheet $99,573 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $25,686$99,573
X-16 Total assetsStart of year $25,686$99,573
X-25 Other liabilitiesStart of year $363$18,798
X-26 Total liabilitiesStart of year $363$18,798
X-32 Total net assets or fund balancesStart of year $25,323$80,775
X-33 Total liabilities and net assetsStart of year $25,686$99,573
Part XI · Reconciliation of net assets $80,775 net assets at year end
XI-1 Total revenue$288,703
XI-2 Total expenses$233,251
XI-3 Revenue less expenses$55,452
XI-4 Net assets at start of year$25,323
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$80,775

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

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