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.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
10 mo
of spending, in cash
Looks good: 10.4 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
$227
0.09% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$393K
+3% vs prior year
Spent
$289K
To programs
88%
Net assets
$259K
By yearFY2020–FY2025
Revenue
$393K
FY2022▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$289K
FY2021$381K
FY2022$393K
FY2023$450K
FY2024$387K
FY2025$416K
Expenses
$289K
FY2022▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$233K
FY2021$306K
FY2022$289K
FY2023$414K
FY2024$394K
FY2025$378K
Net assets
$259K
FY2022▲ +67%
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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

88 cents of each dollar spent went to programs.

Program services 88% · $254K Management & general 12% · $35K

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

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 · $232K · in their own filed words · FY2022
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.

$171Kprogram 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. Last year, Collider served 210 entrepreneurs through this work.

$40Kprogram expense
03

Collider Foundation believes in the power of Storytelling to provide inspiration capital and amplify the journeys of business owners within our community. We share stories of local entrepreneurs through article and video content as well as through our longstanding podcast Rochester Rising.

$22Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$393K
Ln 12
Gifts and grantsLn 1h$233K
Fees for servicesLn 2g$158K
Investment incomeLn 3$987
Money outPt IX
$289K
Ln 25
Programscol B$254K
Managementcol C$35K
Owns and owesPt X
$259K
net assets · Ln 32
Cash and savingsLn 1–2$251K
Total assetsLn 16$259K
LiabilitiesLn 26$227
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$233K
Fees for servicesLn 2g$158K
Investment incomeLn 3$987
Total revenueLn 12$393K
Assets in detailPt X, end of year
CashLn 1$251K
Cash and savings togetherLn 1–2$251K
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$259K
LiabilitiesLn 26$227
Net assetsLn 32$259K
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 FY22End FY22
Cash and savingsLn 1–2$155K$251K
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$155K$259K
LiabilitiesLn 26$198$227
Net assetsLn 32$155K$259K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$140K$122K$18K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$2K$360$1K
Office expensesLn 13$3K$127$2K
OccupancyLn 16$122K$122K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$7K$6K$2K
All other expensesLn 24e$10K$4K$6K
Total functional expensesLn 25$289K$254K$35K$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 Viewing $393K$289K$104K$259K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $392,525 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $244,921$233,171
I-9 Program service revenuePrior year $158,006$158,367
I-10 Investment incomePrior year $389$987
I-11 Other revenuePrior year $19,220$0
I-12 Total revenuePrior year $422,536$392,525
I-13 Grants and similar amounts paidPrior year $37,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $129,500$139,713
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $162,236$149,001
I-18 Total expensesPrior year $328,736$288,714
I-19 Revenue less expensesPrior year $93,800$103,811
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $392,525 across 5 lines filed
VIII-1f All other contributions, gifts and grants$233,171
VIII-1h Total contributions, gifts and grants$233,171
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $158,367$158,367
VIII-3 Investment incomeRelated to mission $987$987
VIII-12 Total revenueRelated to mission $159,354 · Unrelated business $0 · Excluded from tax $0$392,525
Part IX · Statement of functional expenses $288,714 across 9 lines filed
IX-7 Other salaries and wagesPrograms $121,579 · Management $18,134$139,713
IX-11c Accounting feesManagement $1,387$1,387
IX-11g Other fees for servicesManagement $1,000$1,000
IX-12 Advertising and promotionPrograms $360 · Management $1,288$1,648
IX-13 Office expensesPrograms $127 · Management $2,387$2,514
IX-16 OccupancyPrograms $122,278$122,278
IX-23 InsuranceManagement $2,521$2,521
IX-24 Other expenses (24a–d)Programs $5,519 · Management $1,967$7,486
IX-24e All other expensesPrograms $4,171 · Management $5,996$10,167
IX-25 Total functional expensesPrograms $254,034 · Management $34,680 · Fundraising $0$288,714
Part X · Balance sheet $259,105 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $155,265$251,119
X-10c Land, buildings and equipment, net$7,986
X-16 Total assetsStart of year $155,265$259,105
X-25 Other liabilitiesStart of year $198$227
X-26 Total liabilitiesStart of year $198$227
X-32 Total net assets or fund balancesStart of year $155,067$258,878
X-33 Total liabilities and net assetsStart of year $155,265$259,105
Part XI · Reconciliation of net assets $258,878 net assets at year end
XI-1 Total revenue$392,525
XI-2 Total expenses$288,714
XI-3 Revenue less expenses$103,811
XI-4 Net assets at start of year$155,067
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$258,878

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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