Colorado Technology Association FY2022 filing

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501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$330K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 $82K a year · 4% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$330K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$782K
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
39
of 39 voting members
Looks good: 39 of 39 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+35% vs prior year
Spent
$2.0M
Net assets
$661K
By yearFY2020–FY2025
Revenue
$2.1M
FY2022▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.6M
FY2022$2.1M
FY2023$2.0M
FY2024$2.1M
FY2025$2.4M
Expenses
$2.0M
FY2022▲ +50%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$2.0M
FY2023$2.3M
FY2024$2.0M
FY2025$2.2M
Net assets
$661K
FY2022▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$332K
FY2021$556K
FY2022$661K
FY2023$362K
FY2024$402K
FY2025$711K

From the FY2022 Form 990 · figures checked against the IRS filing · 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 Jul 1995.

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

Who runs it and what they're paid

47 people listed on the 990; $330K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$179,550Pt VII · Sec A
Chief Operating Officer
$150,785Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brittany Ann Morris Saunders$234,792$200,000————
Frannie Matthews——$233,700$179,550$229,675$184,130
Monica Coughlin———$150,785$161,084$131,609
Monica Coughlin Stitt—$158,504$141,485———
Megan Rose Concannon Sparks$143,370$109,167————
Peter Lawrence Schwartz$135,582$124,521————

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.

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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

Hosts an annual summit and awards to celebrate and advance Colorado's technology industry.

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3 programs · in their own filed words · FY2022
01

Cta's general operations and membership activities, which include involvement from employees of member companies, is our second largest initiative. The activities in which members participateinclude everything from attending programs and workshops for enhanced information, to helping the organization execute its special events and…

Pt IX · col B
02

Cta's largest event is called c-level @ a mile high, and is designed to facilitate better business opportunities between cio's across all industries with technology companies and professionals across the state. Cta organizes the entire event, identifies key cio's and VP'S of I.T.

Pt IX · col B
03

Cta's workshops, programs, women in tech conference and annual awards event (apex) all comprise the third significant program area.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$3
Money outPt IX
$2.0M
Ln 25
Owns and owesPt X
$661K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.4M
LiabilitiesLn 26$782K
PeoplePt VI, VII
47
listed · VII A
PaidVII A2
Voting boardVI 1a39
IndependentVI 1b39
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$3
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$27K
Cash and savings togetherLn 1–2$1.1M
Total assetsLn 16$1.4M
LiabilitiesLn 26$782K
Net assetsLn 32$661K
OperationsPt I, VI
EmployeesI 511
VolunteersI 6140
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$860K$1.1M
Total assetsLn 16$934K$1.4M
LiabilitiesLn 26$377K$782K
Net assetsLn 32$556K$661K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K
Pay of current officers, directors and key staffLn 5$186K
Other salaries and wagesLn 7$741K
Other employee benefitsLn 9$87K
Other fees for servicesLn 11g$741K
Advertising and promotionLn 12$34K
Office expensesLn 13$18K
Information technologyLn 14$25K
OccupancyLn 16$46K
TravelLn 17$15K
InterestLn 20$514
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$130K
Total functional expensesLn 25$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.4M$2.2M$228K$711K 990 PDF
FY2024 $2.1M$2.0M$40K$402K 990 PDF
FY2023 $2.0M$2.3M−$299K$362K 990 PDF
FY2022 Viewing $2.1M$2.0M$105K$661K 990 PDF
FY2021 $1.6M$1.3M$225K$556K 990 PDF
FY2020 $1.4M$1.2M$191K$332K 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 J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $2,131,092 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $127,925$0
I-9 Program service revenuePrior year $1,445,411$2,131,089
I-10 Investment incomePrior year $3$3
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,573,339$2,131,092
I-13 Grants and similar amounts paidPrior year $1,206$1,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $884,306$1,014,493
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $463,212$1,010,970
I-18 Total expensesPrior year $1,348,724$2,026,463
I-19 Revenue less expensesPrior year $224,615$104,629
Part VI · Governance 39 of 39 board members independent, 2 to look at
VI-1a Voting members of the governing body39
VI-1b Independent voting members39
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 $2,131,092 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,131,089$2,131,089
VIII-3 Investment incomeExcluded from tax $3$3
VIII-12 Total revenueRelated to mission $2,131,089 · Unrelated business $0 · Excluded from tax $3$2,131,092
Part IX · Statement of functional expenses $2,026,463 across 13 lines filed
IX-1 Grants to domestic organizations$1,000
IX-5 Pay of current officers, directors and key staff$186,221
IX-7 Other salaries and wages$741,008
IX-9 Other employee benefits$87,264
IX-11g Other fees for services$740,593
IX-12 Advertising and promotion$33,678
IX-13 Office expenses$18,043
IX-14 Information technology$24,557
IX-16 Occupancy$46,244
IX-17 Travel$14,663
IX-20 Interest$514
IX-23 Insurance$2,895
IX-24 Other expenses (24a–d)$129,783
IX-25 Total functional expenses$2,026,463
Part X · Balance sheet $1,442,950 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $832,597$1,067,093
X-2 Savings and temporary cash investmentsStart of year $27,484$27,487
X-3 Pledges and grants receivableStart of year $23,152$23,152
X-4 Accounts receivableStart of year $6,807$169,745
X-9 Prepaid expenses and deferred chargesStart of year $43,600$155,473
X-16 Total assetsStart of year $933,640$1,442,950
X-17 Accounts payable and accrued expensesStart of year $13,914$58,388
X-19 Deferred revenueStart of year $345,292$535,748
X-25 Other liabilitiesStart of year $18,040$187,791
X-26 Total liabilitiesStart of year $377,246$781,927
X-27 Net assets without donor restrictionsStart of year $556,394$661,023
X-32 Total net assets or fund balancesStart of year $556,394$661,023
X-33 Total liabilities and net assetsStart of year $933,640$1,442,950
Part XI · Reconciliation of net assets $661,023 net assets at year end
XI-1 Total revenue$2,131,092
XI-2 Total expenses$2,026,463
XI-3 Revenue less expenses$104,629
XI-4 Net assets at start of year$556,394
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$661,023

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

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