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.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 6.1 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
$198
0.1% of total assets
Looks good: liabilities are 0% 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
$381K
+32% vs prior year
Spent
$306K
To programs
90%
Net assets
$155K
By yearFY2020–FY2025
Revenue
$381K
FY2021▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$289K
FY2021$381K
FY2022$393K
FY2023$450K
FY2024$387K
FY2025$416K
Expenses
$306K
FY2021▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$233K
FY2021$306K
FY2022$289K
FY2023$414K
FY2024$394K
FY2025$378K
Net assets
$155K
FY2021▲ +92%
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 FY2021 Form 990 · see the original

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You’re viewing the FY2021 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

90 cents of each dollar spent went to programs.

Program services 90% · $274K Management & general 10% · $32K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Key Employee
$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 · $238K · in their own filed words · FY2021
01

Collider Foundation provided low-cost office space to 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 space.

$111Kprogram expense
02

Collider Foundations Ecosystem Navigation services are a confidential, free resource in the community to listen to the needs of entrepreneurs in the Rochester ecosystem and connect them to the right resources they need at the right time to accelerate their business. These services are for all entrepreneurs in Rochester.

$88Kprogram expense
03

Collider believes that a key to a strong entrepreneurial ecosystem is educational events that continuously bring us together to collide and spark new ideas and connections. This year, we hosted several events to bring together current and future entrepreneurs, ecosystem supporters, and anyone else who wants to learn more about our…

$39Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$381K
Ln 12
Gifts and grantsLn 1h$224K
Fees for servicesLn 2g$156K
Investment incomeLn 3$393
Money outPt IX
$306K
Ln 25
Programscol B$274K
Managementcol C$32K
Owns and owesPt X
$155K
net assets · Ln 32
Cash and savingsLn 1–2$155K
Total assetsLn 16$155K
LiabilitiesLn 26$198
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$224K
Fees for servicesLn 2g$156K
Investment incomeLn 3$393
Total revenueLn 12$381K
Assets in detailPt X, end of year
CashLn 1$155K
Cash and savings togetherLn 1–2$155K
Total assetsLn 16$155K
LiabilitiesLn 26$198
Net assetsLn 32$155K
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 FY21End FY21
Cash and savingsLn 1–2$100K$155K
Total assetsLn 16$100K$155K
LiabilitiesLn 26$19K$198
Net assetsLn 32$81K$155K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K$8K
Pay of current officers, directors and key staffLn 5$56K$51K$6K
Other salaries and wagesLn 7$71K$65K$7K
Payroll taxesLn 10$11K$10K$1K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$28K$28K
Advertising and promotionLn 12$770$770
Office expensesLn 13$3K$3K$658
OccupancyLn 16$122K$110K$12K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$250$250
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$306K$274K$32K$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 Viewing $381K$306K$74K$155K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $380,735 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $96,524$224,264
I-9 Program service revenuePrior year $191,997$156,078
I-10 Investment incomePrior year $182$393
I-11 Other revenue$0
I-12 Total revenuePrior year $288,703$380,735
I-13 Grants and similar amounts paidPrior year $20,182$7,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $128,030$138,537
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $85,039$160,406
I-18 Total expensesPrior year $233,251$306,443
I-19 Revenue less expensesPrior year $55,452$74,292
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 $380,735 across 5 lines filed
VIII-1f All other contributions, gifts and grants$224,264
VIII-1h Total contributions, gifts and grants$224,264
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $156,078$156,078
VIII-3 Investment incomeRelated to mission $393$393
VIII-12 Total revenueRelated to mission $156,471 · Unrelated business $0 · Excluded from tax $0$380,735
Part IX · Statement of functional expenses $306,443 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $7,500$7,500
IX-5 Pay of current officers, directors and key staffPrograms $50,782 · Management $5,642$56,424
IX-7 Other salaries and wagesPrograms $64,622 · Management $6,788$71,410
IX-10 Payroll taxesPrograms $9,662 · Management $1,041$10,703
IX-11c Accounting feesManagement $1,087$1,087
IX-11g Other fees for servicesPrograms $28,350$28,350
IX-12 Advertising and promotionManagement $770$770
IX-13 Office expensesPrograms $2,634 · Management $658$3,292
IX-16 OccupancyPrograms $109,598 · Management $12,177$121,775
IX-17 TravelPrograms $1,079$1,079
IX-19 Conferences, conventions and meetingsPrograms $250$250
IX-23 InsuranceManagement $2,780$2,780
IX-24 Other expenses (24a–d)Management $1,023$1,023
IX-25 Total functional expensesPrograms $274,477 · Management $31,966 · Fundraising $0$306,443
Part X · Balance sheet $155,265 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $99,573$155,265
X-16 Total assetsStart of year $99,573$155,265
X-25 Other liabilitiesStart of year $18,798$198
X-26 Total liabilitiesStart of year $18,798$198
X-32 Total net assets or fund balancesStart of year $80,775$155,067
X-33 Total liabilities and net assetsStart of year $99,573$155,265
Part XI · Reconciliation of net assets $155,067 net assets at year end
XI-1 Total revenue$380,735
XI-2 Total expenses$306,443
XI-3 Revenue less expenses$74,292
XI-4 Net assets at start of year$80,775
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$155,067

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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