Rocky Mountain Microfinance Institute

“Not applicable to the organization. No sub commitees operate on behalf of the organzaiton.”

“The form 990 was prepared by an independent cpa firm. The executive director reviewed the 990 in detail, and then provided the board with a copy for their review before the return was filed with the irs.”

“Each year board members review and sign a conflict of interest statement disclosing any potential conflicts. The board of directors, as well as the executive director, are responsible for overseeing the policy. If aconflict of note should arise, it would be addressed in the appropriate forum (board meeting, management meeting, or team meeting) by the independent parties present, and a resolution would be defined for how to handle the conflict.”

“In determining compensation and benefits for the executive director and other directorial positions, the independent members of the board reviewed comparability data of other similar non-profit organizations. All compensation related decisions and deliberations are documented in the board minutes. In determining compensation and benefits for the executive director and other directorial positions, the independent members of the board reviewed comparability data of other similar non-profit organizations. All compensation related decisions and deliberations are documented in the board minutes.”

“A copy of the 990 tax return is available for public review upon request of the organization.”

“The organization makes documents related to governance, conflict of interest and financial statements available upon request of the organization.”

“Capital, and community. Since 2008, rmmfi has supported the launch or expansion of more than 300 businesses in colorado, 90% of which are owned by women and/or people of color, and lent over $878,000 through more than 300 loans with a 94% repayment rate. Intentionally built along the idea, launch, and thrive business incubator pathway, rmmfi's programs help entrepreneurs build strong foundations in both their businesses and their lives. Rmmfi's holistic approach brings people, businesses, and communities together to allow individuals to tap into the social and economic benefits of business ownership and create impact for their business, their household, and their community.”

“12-week intensive program offered three times a year to 10 committed entrepreneurs. Following graduation from business launch boot camp, we work with entrepreneurs to create and update launch plans that help them set tangible business goals for the next year and keep them connected to ongoing support. Additional graduate resources include a peer support group, skill-building workshops, a free coworking space, virtual and live marketplaces, and promotion through rmmfi's business directory. In total, the launch phase of rmmfi programming lasts 15 months. Thrive - once entrepreneurs have successfully launched their business, the thrive phase helps them grow and sustain it. In addition to resources offered in the launch phase, entrepreneurs in thrive have access to: peer networks, additional cohort-based programming, access to capital up to $75,000, and specialized programming to meet the unique needs of the entrepreneur.”

“Rounding 5.”