Boulder Sbdc Foundation

Boulder, COUnknown exempt organizationEIN 83-2726814

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Boulder Small Business Development Center (SBDC) is a hands-on, economic development and business assistance nonprofit whose mission is to support the growth and resiliency of small businesses in Boulder County by providing free business consulting, practical workshops & events and connection to resources, including financing. The SBDC helps all types of small businesses - from startups through 2nd stage, from Main Street through highly scalable technology ventures.

82¢ of each $1 spent went to programs.
$107K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $49K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$107K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$836K
-28% vs prior year
Spent
$543K
To programs
82%
Net assets
$0
By yearFY2020–FY2024
Revenue
$836K
FY2024▼ -28%
Revenue by fiscal year
FY2020$766K
FY2021$1.1M
FY2022$1.1M
FY2023$1.2M
FY2024$836K
Expenses
$543K
FY2024▼ -59%
Expenses by fiscal year
FY2020$811K
FY2021$942K
FY2022$1.1M
FY2023$1.3M
FY2024$543K
Net assets
$0
FY2024▼ -100%
Net assets by fiscal year
FY2020$288K
FY2021$416K
FY2022$444K
FY2023$286K
FY2024$0

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $444K Management & general 18% · $99K

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; $107K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec. Director
$65,000Pt VII · Sec A
Program Director
$42,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sharon King$65,000$129,780$126,600$110,023$120,951
Suzann Bahnsen———$8,597$85,840
Rachel Garcia$42,000$84,000$80,000$70,079$54,000
Jamie Brandess—$84,000$80,000$66,608$61,560

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Boulder Sbdc 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

Provides free business consulting, workshops, and resources to help small businesses grow and thrive.

Provided by the organization

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3 programs · $430K · in their own filed words · FY2024
01

Core Main Street BusinessesThe Core SBDC program focuses on small businesses in the county - retail, restaurants and service businesses - what economic development defines as secondary employers (greater than 50% of their revenue come from outside the area).

$321Kprogram expense
02

Colorado Emerging VenturesColorado Emerging Ventures (CEV) is a targeted consulting and education program developed to assist scalable pre- and post-revenue businesses that are poised for high growth - including biotech, IT, aerospace, cleantech, outdoor and natural products and other key industries.

$67Kprogram expense
03

Path to Entrepreneurship (P2e)The Path to Entrepreneurship (P2e) Program is designed to directly help businesses and individuals in our underserved communities (low-to-moderate income, minority- and women-owned) to build financial sustainability through business ownership.

$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 · FY2023
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$836K
Ln 12
Gifts and grantsLn 1h$833K
Fees for servicesLn 2g$2K
Investment incomeLn 3$607
Money outPt IX
$543K
Ln 25
Programscol B$444K
Managementcol C$99K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$833K
Government grantsLn 1e$704K
Fees for servicesLn 2g$2K
Investment incomeLn 3$607
Gains on assetsLn 7$0
Total revenueLn 12$836K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$290K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$290K$0
LiabilitiesLn 26$4K$0
Net assetsLn 32$286K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$111K$84K$26K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$116K$76K$40K
Other employee benefitsLn 9$20K$17K$4K
Payroll taxesLn 10$22K$18K$4K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$9K$9K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$218K$207K$11K
Advertising and promotionLn 12$0
Office expensesLn 13$476$476
Information technologyLn 14$29K$27K$2K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$6K$6K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$8K$5K$4K
All other expensesLn 24e$616$616
Total functional expensesLn 25$543K$444K$99K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $836K$543K$293K$0 990 PDF
FY2023 $1.2M$1.3M−$159K$286K 990 PDF
FY2022 $1.1M$1.1M$28K$444K 990 PDF
FY2021 $1.1M$942K$128K$416K 990 PDF
FY2020 $766K$811K−$45K$288K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $835,928 across 10 lines filed
VIII-1e Government grants$704,015
VIII-1f All other contributions, gifts and grants$129,181
VIII-1h Total contributions, gifts and grants$833,196
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,125$2,125
VIII-3 Investment incomeRelated to mission $607$607
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2,732$835,928
Part IX · Statement of functional expenses $542,975 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $84,400 · Management $26,350$110,750
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributionsPrograms $75,963 · Management $40,432$116,395
IX-9 Other employee benefitsPrograms $16,670 · Management $3,610$20,280
IX-10 Payroll taxesPrograms $17,875 · Management $3,871$21,746
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $8,685$8,685
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $206,980 · Management $10,744$217,724
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $476$476
IX-14 Information technologyPrograms $26,978 · Management $1,880$28,858
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $5,898$5,898
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $3,178$3,178
IX-24 Other expenses (24a–d)Programs $4,656 · Management $3,713$8,369
IX-24e All other expensesPrograms $616$616
IX-25 Total functional expensesPrograms $443,690 · Management $99,285 · Fundraising $0$542,975
Part X · Balance sheet $0 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $57,751$0
X-2 Savings and temporary cash investmentsStart of year $232,032$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $289,783$0
X-26 Total liabilitiesStart of year $3,952$0
X-32 Total net assets or fund balancesStart of year $285,831$0
X-33 Total liabilities and net assetsStart of year $289,783$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$835,928
XI-2 Total expenses$542,975
XI-3 Revenue less expenses$292,953
XI-4 Net assets at start of year$285,831
XI-8 Prior period adjustments−$18,635
XI-9 Other changes in net assets−$560,149
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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