Civic Intelligence

Rocky Mountain Innovation Partners

990 • Fiscal year 2016 • EIN 47-3635488

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

1227 Lake Plaza DriveColorado Springs, CO 80906

(719) 685-7877

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

20th percentile

-13%

Higher net margin than 20% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

92nd percentile

$48,067

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 20.9% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$30,904

No earlier filing loaded for comparison.

Net Assets

$29,262

No earlier filing loaded for comparison.

Liabilities

$1,642

No earlier filing loaded for comparison.

Revenue

$229,599

No earlier filing loaded for comparison.

Expenses

$260,372

No earlier filing loaded for comparison.

Net Income

-$30,773

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40K$30K$20K$10K$0Assets 2016: $30,904Liabilities 2016: $1,642Net Assets 2016: $29,2622016Assets 2017: $17,752Liabilities 2017: $124Net Assets 2017: $17,6282017Assets 2018: $2,941Liabilities 2018: $175Net Assets 2018: $2,7662018

Highlighted filing

2016

Assets$30,904
Liabilities$1,642
Net Assets$29,262

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2016: $229,599Expenses 2016: $260,372Net Income 2016: -$30,7732016Revenue 2017: $45,306Expenses 2017: $56,940Net Income 2017: -$11,6342017Revenue 2018: $4,494Expenses 2018: $19,356Net Income 2018: -$14,8622018

Highlighted filing

2016

Revenue$229,599
Expenses$260,372
Net Income-$30,773
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$229,599
Mission and Program Overview

Mission

Rmip is a nonprofit organization run by accomplished entrepreneurs for entrepreneurs. Rmip fundamentally provides education to innovative entrepreneurs by using experienced mentors, managers, tools, and resources to accelerate the development and success of colorado businesses. In addition rmip is leading a collaborative project to build an integrated infrastructure to support and accelerate technology transfer, leveraging the capabilities and talents of colorados academic institutions, federal laboratories and research organizations. Rmip exists for the public good with all activities organized around education, which is its fundamental mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$69,608$27,981▼ $41,627
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$70,362$30,904▼ $39,458
Other Assets Total$754$2,923▲ $2,169
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,000--
Other Liabilities$326$1,642▲ $1,316
Total Liabilities$10,326$1,642▼ $8,684
Net Assets / Fund Balance
Unrestricted Net Assets$60,036$29,262▼ $30,774
Total Net Assets Fund Balance$60,036$29,262▼ $30,774
Total Liabilities and Net Assets / Fund Balance$70,362$30,904▼ $39,458

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard DentonCEO/presFT$48,067$48,067

Board Members and Trustees

NameTitle
William MillerVice President
Walter CopanSec/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$54,189
Program Service Revenue
$175,410
Investment Income
$0
Other Revenue
$0
All Other Contributions
$54,189
Change in Net Assets
$-30,773
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$155,174
Salaries, Compensation, and Employee Benefits$105,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$127,636--$127,636
Other Salaries and Wages$48,400--$48,400
Current Officers, Directors, Trustees, and Key Employees$48,067--$48,067
Payroll Taxes$8,213--$8,213
Office Expenses$7,222--$7,222
Occupancy$6,000--$6,000
Fees for Services Legal$2,173--$2,173
Fees for Services Accounting$1,037--$1,037
Other Expenses$775--$775
Interest$721--$721
Insurance$662--$662
Other Employee Benefits$518--$518
All Other Expenses$407--$407
Advertising$125--$125
Total Functional Expenses$260,372$0$0$260,372
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards$1,642
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed by the executive director prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Rocky Mountain Innovation Partners
EIN
47-3635488
Phone
7196857877
Address
1227 LAKE PLAZA DRIVE, COLORADO SPRINGS, CO 80906

Signing Officer

Name
Richard Denton
Title
CEO/pres
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Denton
Formed
2015
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
0
Employees
2

Preparer

Firm
M3 and Associates LLP
Address
1227 Lake Plaza Dr Ste B, Colorado Springs, CO 80906-7402
Preparer
Mark Patterson
Phone
7196857910
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

ROUNDING = -$1

Raw XML Appendix368 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt070362
IRS990/TotalAssetsEOYAmt030904
IRS990/TotalAssetsGrp/BOYAmt070362
IRS990/TotalAssetsGrp/EOYAmt030904
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt054189
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0260372
IRS990/TotalFunctionalExpensesGrp/TotalAmt0260372
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010326
IRS990/TotalLiabilitiesEOYAmt01642
IRS990/TotalLiabilitiesGrp/BOYAmt010326
IRS990/TotalLiabilitiesGrp/EOYAmt01642
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt060036
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt029262
IRS990/TotalProgramServiceExpensesAmt0260372
IRS990/TotalProgramServiceRevenueAmt0175410
IRS990/TotalReportableCompFromOrgAmt048067
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0175410
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0229599
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt070362
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt030904
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt060036
IRS990/UnrestrictedNetAssetsGrp/EOYAmt029262
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0559 E PIKES PEAK AVE STE 101
IRS990/USAddress/CityNm0COLORADO SPRINGS
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080903
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0http://www.rmipartners.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD DENTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/PRES
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROCKY MOUNTAIN INNOVATION PARTNERS
ReturnHeader/Filer/BusinessNameControlTxt0ROCK
ReturnHeader/Filer/EIN0473635488
ReturnHeader/Filer/PhoneNum07196857877
ReturnHeader/Filer/USAddress/AddressLine1Txt01227 LAKE PLAZA DRIVE
ReturnHeader/Filer/USAddress/CityNm0COLORADO SPRINGS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080906
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0M3 and Associates LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01227 Lake Plaza Dr Ste B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Colorado Springs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0809067402
ReturnHeader/PreparerPersonGrp/PhoneNum07196857910
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark Patterson
ReturnHeader/ReturnTs02017-05-18T12:11:42-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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