Bootstraps INC FY2020 filing

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EIN 84-0800861 Public charity (501(c)(3)) Conifer, CO
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$252K
FY2020
Expenses
$263K
FY2020

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Offers scholarships and student loans to help students fund their education. For fiscal year 2020 it reported $252K in revenue, $263K in expenses, and $748K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Conifer, CO
Website
bootstrapsinc.org
Filings
5 on file (2020–2020)
Revenue
$252KFY2020
Expenses
$263K
Net assets
$748K
People
13
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Provided by the organization

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Size
$100K–1M
What they do
Offers scholarships and student loans to help students fund their education.
Leadership
Colleen Skates · Executive Director · $55K
Money in and out
$252K revenue, $263K expenses
Bottom line
70% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

9 funders, incl. Community First Foundation

9 distinct foundation funder(s) on file, $118K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

70% to programs

70% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M

Revenue band $100K–1M. Not enough years on file for a trend. See detail →

Where the money goes · FY2020
Total revenue
$252K
Pt VIII · Ln 12
Total expenses
$263K
Pt IX · Ln 25
Net assets
$748K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$11K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.07 Fundraising $0.23
Program efficiency
70%
of spending reaches programs
Operating runway
24.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$907K
FY2020
Total liabilities
$159K
FY2020
Revenue less expensesPt I · Ln 19−$11K
Total assetsPt X · Ln 16$907K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CBootstraps INC
EINHdr · item D84-0800861
Principal addressHdr · item CConifer, CO
WebsiteHdr · item Jbootstrapsinc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1980

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$55,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Susan Henry$59,498$56,846$52,000$11,000—
Colleen Skates———$55,000$55,000

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 Bootstraps INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $184K of program spending, described in the organization's own filed words · FY2020.
01

Provide scholarships and loans to students that have good academic records, but need additional support for their college education beyond available family funds.

$184Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$226K · 90%
Other revenue$26K · 10%
Contributions & grants90%$226K
Other revenue10%$26K
Total revenueLn 12$252K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.07 Fundraising $0.23
Program services70%$184K
Management & general7%$18K
Fundraising23%$61K
Total functional expensesLn 25$263K

Balance Sheet

Part X · end of year
CashLn 1$94K
Total assetsLn 16$907K
Total liabilitiesLn 26$159K
Total net assetsLn 32$748K
Months of cash on handcomputed4.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $538K · Operating expenses/yr $263K
24.5 months
Where the money goes
Program services
Program services $184K · Total expenses $263K
70%
Management & General
Management & general $18K · Total expenses $263K
7%
Fundraising
Fundraising $61K · Total expenses $263K
23%
Cost to raise $1
Fundraising expense $61K · Solicited contributions $226K
$0.27 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $226K · Total revenue $252K
90%
Government reliance
Government grants — · Total revenue $252K
—
Earned-income share
Program service revenue $0 · Total revenue $252K
0%
Investment reliance
Investment income $-13K · Total revenue $252K
-5%
Program self-sufficiency
Program service revenue $0 · Total expenses $263K
0%
Growth & trend
Revenue growth (YoY)
This year $252K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $748K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $252K · Expenses $263K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $907K
—
Net-asset ratio
Net assets $748K · Total assets $907K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $443K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $907K
49%
People & payroll
Highest Reported Total Compensation
Individual Colleen Skates · Reported title Executive Director · Highest reported compensation $55K · Total expenses $263K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $98K · Total expenses $263K
37%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 7%——
Fundraising cost ratio 27%——
Investment management fee ratio 0.2%——
Accounting fee ratio 0.9%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 5 grants · $906K · 2020–2024
Unitemized GrantFY2024$201,438
Unitemized GrantFY2023$226,179
Unitemized GrantFY2022$161,475
Unitemized GrantFY2021$173,700
Unitemized GrantFY2020$142,800

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$499K revenue · ⤓ 990 PDF
FY2023$376K revenue · ⤓ 990 PDF
FY2022$441K revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$252K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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