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Colorado Technology Association FY2023 filing

Not tax-deductible

Denver, CO501(c)(6)Since 1994Mutual / membership EIN 84-1263735Revenue $2.0M in FY2023

On file with the IRScoloradotechnology.orgPo Box 103220, 80250-3220 · Denver, COTax-exempt since Jul 1995

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501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
23¢ of each $1 spent went to programs.
$375K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
Spent on programs
23%
of spending
Concern: 23% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$375K
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
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$632K
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
43
of 43 voting members
Looks good: 43 of 43 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
-7% vs prior year
Spent
$2.3M
To programs
23%
Net assets
$362K
By yearFY2020–FY2025
Revenue
$2.0M
FY2023▼ -7%
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
$2.3M
FY2023▲ +13%
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
$362K
FY2023▼ -45%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

Where the money goes

23 cents of each dollar spent went to programs.

Program services 23% · $532K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

55 people listed on the 990; $375K paid to officers and key staff.

Part VII, Section A · reportable compensation
Frannie Matthews
President & CEO
$233,700Pt VII · Sec A
Monica Coughlin Stitt
Chief Operating Officer
$141,485Pt VII · Sec A
$0Pt VII · Sec A
Michelle Carr
Treasurer
$0Pt VII · Sec A
Adams Price
Vice Chair
$0Pt VII · Sec A
William Mueldener
Treasurer Thru Dec 2023
$0Pt VII · Sec A
Purnima Wagle
Vice Chair Thru Jan 2023
$0Pt VII · Sec A
Tim April
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 · $532K · in their own filed words · FY2023
01

Cta's most resource intensive event is the women in tech conference. This retreat-style event is hosted annually for over 650 women across the colorado tech industry. The event features dynamic speakers and meaningful discourse on technology trends, leadership and the opportunities and challenges women face while building careers in…

$215Kprogram expense
02

Cta's third largest program is our annual colorado tech summit + apex awards event. This event is part technology conference, part celebration of the best in colorado tech. The event includes powerful keynotes, dynamic panels, and interactive company showcases followed by a celebration of the people and companies driving the colorado…

$162Kprogram expense
03

Cta's membership operations and activities, is our second largest initiative. Cta supports over 300 diverse members (which includes thousands of employees) from across business and technology in the state.

$154Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$2K
Money outPt IX
$2.3M
Ln 25
Programscol B$532K
Owns and owesPt X
$362K
net assets · Ln 32
Cash and savingsLn 1–2$765K
Total assetsLn 16$994K
LiabilitiesLn 26$632K
PeoplePt VI, VII
55
listed · VII A
PaidVII A2
Voting boardVI 1a43
IndependentVI 1b43
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$2K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$563K
SavingsLn 2$202K
Cash and savings togetherLn 1–2$765K
Total assetsLn 16$994K
LiabilitiesLn 26$632K
Net assetsLn 32$362K
OperationsPt I, VI
EmployeesI 511
VolunteersI 6140
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.1M$765K
Total assetsLn 16$1.4M$994K
LiabilitiesLn 26$782K$632K
Net assetsLn 32$661K$362K
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$241K
Other salaries and wagesLn 7$791K
Other employee benefitsLn 9$109K
Other fees for servicesLn 11g$845K
Advertising and promotionLn 12$29K
Office expensesLn 13$16K
Information technologyLn 14$30K
OccupancyLn 16$51K
TravelLn 17$17K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$155K
Total functional expensesLn 25$2.3M

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 Viewing $2.0M$2.3M−$299K$362K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $1,991,192 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,131,089$1,989,066
I-10 Investment incomePrior year $3$2,126
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,131,092$1,991,192
I-13 Grants and similar amounts paidPrior year $1,000$1,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,014,493$1,141,227
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,010,970$1,148,223
I-18 Total expensesPrior year $2,026,463$2,290,450
I-19 Revenue less expensesPrior year $104,629−$299,258
Part VI · Governance 43 of 43 board members independent, 1 to look at
VI-1a Voting members of the governing body43
VI-1b Independent voting members43
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,991,192 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,989,066$1,989,066
VIII-3 Investment incomeExcluded from tax $2,126$2,126
VIII-12 Total revenueRelated to mission $1,989,066 · Unrelated business $0 · Excluded from tax $2,126$1,991,192
Part IX · Statement of functional expenses $2,290,450 across 12 lines filed
IX-1 Grants to domestic organizations$1,000
IX-5 Pay of current officers, directors and key staff$241,211
IX-7 Other salaries and wages$791,372
IX-9 Other employee benefits$108,644
IX-11g Other fees for services$845,476
IX-12 Advertising and promotion$28,855
IX-13 Office expenses$15,760
IX-14 Information technology$30,165
IX-16 Occupancy$51,256
IX-17 Travel$17,148
IX-23 Insurance$4,466
IX-24 Other expenses (24a–d)$155,097
IX-25 Total functional expenses$2,290,450
Part X · Balance sheet $993,614 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,067,093$562,713
X-2 Savings and temporary cash investmentsStart of year $27,487$202,123
X-3 Pledges and grants receivableStart of year $23,152$10
X-4 Accounts receivableStart of year $169,745$141,833
X-9 Prepaid expenses and deferred chargesStart of year $155,473$86,935
X-16 Total assetsStart of year $1,442,950$993,614
X-17 Accounts payable and accrued expensesStart of year $58,388$25,635
X-19 Deferred revenueStart of year $535,748$539,022
X-25 Other liabilitiesStart of year $187,791$67,192
X-26 Total liabilitiesStart of year $781,927$631,849
X-27 Net assets without donor restrictionsStart of year $661,023$361,765
X-32 Total net assets or fund balancesStart of year $661,023$361,765
X-33 Total liabilities and net assetsStart of year $1,442,950$993,614
Part XI · Reconciliation of net assets $361,765 net assets at year end
XI-1 Total revenue$1,991,192
XI-2 Total expenses$2,290,450
XI-3 Revenue less expenses−$299,258
XI-4 Net assets at start of year$661,023
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$361,765

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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