Civic Intelligence

Rocky Mountain Innovation Initiative

EIN 77-0707779 • 501(c)3 • Fort Collins, CO

Profile

To accelerate the success of startup companies and to promote an entrepreneurial culture.

320 E Vine Drive Suite 101Fort Collins, CO 80524

www.rmi2.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.25x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.45x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

38th percentile

0.2%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

73rd percentile

15%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

357%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$9,690,456

Up $1,281,932 (+15%) from 2023

Liabilities

Up

$2,447,774

Up $1,269,225 (+108%) from 2023

Net Assets

Up

$7,242,682

Up $12,707 (+0.2%) from 2023

Revenue

Up

$5,432,187

Up $4,243,878 (+357%) from 2023

Expenses

Up

$5,419,458

Up $3,752,853 (+225%) from 2023

Net Income

Up

$12,729

Up $491,025 (+103%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $81,929Liabilities 2010: $90Net Assets 2010: $81,8392010Assets 2011: $102,727Liabilities 2011: $10,706Net Assets 2011: $92,0212011Assets 2012: $152,258Liabilities 2012: $14,393Net Assets 2012: $137,8652012Assets 2013: $142,056Liabilities 2013: $102,141Net Assets 2013: $39,9152013Assets 2014: $196,069Liabilities 2014: $121,753Net Assets 2014: $74,3162014Assets 2015: $216,392Liabilities 2015: $111,738Net Assets 2015: $104,6542015Assets 2016: $188,330Liabilities 2016: $43,371Net Assets 2016: $144,9592016Assets 2017: $256,937Liabilities 2017: $45,143Net Assets 2017: $211,7942017Assets 2018: $224,105Liabilities 2018: $88,988Net Assets 2018: $135,1172018Assets 2019: $173,948Liabilities 2019: $90,160Net Assets 2019: $83,7882019Assets 2020: $334,769Liabilities 2020: $256,252Net Assets 2020: $78,5172020Assets 2021: $6,592,095Liabilities 2021: $685,229Net Assets 2021: $5,906,8662021Assets 2022: $7,857,484Liabilities 2022: $148,322Net Assets 2022: $7,709,1622022Assets 2023: $8,408,524Liabilities 2023: $1,178,549Net Assets 2023: $7,229,9752023Assets 2024: $9,690,456Liabilities 2024: $2,447,774Net Assets 2024: $7,242,6822024

Highlighted filing

2024

Assets$9,690,456
Liabilities$2,447,774
Net Assets$7,242,682

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $390,347Expenses 2010: $334,506Net Income 2010: $55,8412010Expenses 2011: $365,4512011Expenses 2012: $539,7992012Revenue 2013: $699,863Expenses 2013: $776,313Net Income 2013: -$76,4502013Revenue 2014: $870,441Expenses 2014: $772,040Net Income 2014: $98,4012014Revenue 2015: $903,525Expenses 2015: $869,687Net Income 2015: $33,8382015Revenue 2016: $746,821Expenses 2016: $706,516Net Income 2016: $40,3052016Revenue 2017: $956,054Expenses 2017: $861,731Net Income 2017: $94,3232017Revenue 2018: $964,427Expenses 2018: $1,025,659Net Income 2018: -$61,2322018Revenue 2019: $961,584Expenses 2019: $1,018,933Net Income 2019: -$57,3492019Revenue 2020: $1,082,584Expenses 2020: $1,099,043Net Income 2020: -$16,4592020Revenue 2021: $6,899,979Expenses 2021: $1,030,490Net Income 2021: $5,869,4892021Revenue 2022: $3,866,520Expenses 2022: $2,062,827Net Income 2022: $1,803,6932022Revenue 2023: $1,188,309Expenses 2023: $1,666,605Net Income 2023: -$478,2962023Revenue 2024: $5,432,187Expenses 2024: $5,419,458Net Income 2024: $12,7292024

Highlighted filing

2024

Revenue$5,432,187
Expenses$5,419,458
Net Income$12,729

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.69$2.45$7.24$5.43$5.42$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.41$1.18$7.23$1.19$1.67$0.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.86$0.15$7.71$3.87$2.06$1.80
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.59$0.69$5.91$6.90$1.03$5.87
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.26$0.08$1.08$1.10$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.09$0.08$0.96$1.02$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.09$0.14$0.96$1.03$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.05$0.21$0.96$0.86$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.04$0.14$0.75$0.71$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.11$0.10$0.90$0.87$0.03
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.12$0.07$0.87$0.77$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.14$0.10$0.04$0.70$0.78$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.01$0.14$0.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.01$0.09$0.37
2010Summary only. Only limited summary data is available for this year.$0.08$0.00$0.08$0.39$0.33$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$5,432,187
Mission and Program Overview

Mission

To accelerate the success of startup companies and to promote an entrepreneurial culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$432,629$1,423,447▲ $990,818
Land, Buildings, and Equipment, Net$1,274,177$1,352,817▲ $78,640
Cash and Non-Interest-Bearing Accounts$12,203$167,945▲ $155,742
Prepaid Expenses and Deferred Charges$4,800$45,471▲ $40,671
Intangible Assets$55,410$17,573▼ $37,837
Total Assets$8,408,524$9,690,456▲ $1,281,932
Other Assets Total$6,629,305$6,683,203▲ $53,898
Liabilities
Other Liabilities$39,167$1,340,369▲ $1,301,202
Accounts Payable and Accrued Expenses$1,079,382$1,031,578▼ $47,804
Deferred Revenue$60,000$75,827▲ $15,827
Total Liabilities$1,178,549$2,447,774▲ $1,269,225
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,229,975$7,242,682▲ $12,707
Total Net Assets Fund Balance$7,229,975$7,242,682▲ $12,707
Total Liabilities and Net Assets / Fund Balance$8,408,524$9,690,456▲ $1,281,932

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,352,817$64,806$1,417,623
Other Assets Org$2,097--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mike FreemanCEOFT$146,986$17,226$164,212

Board Members and Trustees

NameTitle
John LeonardBoard Chair
Alan RudolphBoard Member
Bryan WilsonBoard Member
Jennifer PinsonneaultBoard Member
Jeremy HeldBoard Member
Joe ZimlichBoard Member
Patrick KanouffBoard Member
Seonah KendallBoard Member
Brian RobinsonBoard Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Plante MoranAccounting16060 COLLECTIONS CENTER DR, Chicago, IL 60693$260,200
Delivery AssociatesConsulting228 E/ 45TH ST STE 9E, New York, NY 10017$260,002
Huron ConsultingGrant ManagementPO BOX 71223, Chicago, IL 60694$223,799
Colorado Bioscience AssociationAdvertising600 GRANT ST STE 306, Denver, CO 80203$148,150
Executive PresenceProfessional Service250 FILLMORE ST, Denver, CO 80206$126,113
Revenue and Support

Revenue Composition

Contributions and Grants
$5,248,231
Program Service Revenue
$183,820
Investment Income
$133
Other Revenue
$3
All Other Contributions
$1,382,532
Change in Net Assets
$12,729
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,868,169
Salaries, Compensation, and Employee Benefits$2,551,289
Total Fundraising Expense$548,484
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,188,111$475,163$368,724$2,031,998
Fees for Services Other$862,438--$862,438
Fees for Services Accounting$140,930$58,316$43,737$242,983
Payments to Affiliates$184,620--$184,620
Payroll Taxes$103,079$42,653$31,990$177,722
Current Officers, Directors, Trustees, and Key Employees$95,243$39,411$29,558$164,212
Advertising$88,335$36,552$27,414$152,301
Other Employee Benefits$85,489$35,375$26,531$147,395
Travel$68,507$22,836-$91,343
Occupancy$48,773$20,182$15,137$84,092
Conferences and Meetings$68,265--$68,265
Information Technology-$56,450-$56,450
Interest-$51,107-$51,107
Depreciation Depletion-$36,558-$36,558
Office Expenses-$33,602-$33,602
Pension Plan Contributions$17,378$7,191$5,393$29,962
Insurance-$12,867-$12,867
Other Expenses$9,450$7,445-$7,445
Fees for Services Legal-$631-$631
Total Functional Expenses$3,910,009$960,965$548,484$5,419,458
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$1,302,869
Client Fees Payable$37,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is provided to the executive committee of the board of directors for review.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is monitored and enforced through an interview process.

Form 990, Part VI, Section B, Line 15

Compensation of all employees is reviewed and approved by the independent board of directors using comparability data and other factors as determined appropriate by the board of directors. Appropriate documentation is maintained in the organization's records.

Form 990, Part VI, Section C, Line 19

The governing documents of the organization are available upon request.

Filing and Contact Details

Filer

Filer Name
Rocky Mountain Innovation Initiative
EIN
77-0707779
Phone
9702211301
Address
320 E VINE DRIVE SUITE 101, FORT COLLINS, CO 80524
Doing Business As
Innosphere Ventures

Signing Officer

Name
Mike Freeman
Title
CEO
Phone
9702211301
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Freeman
Formed
2007
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
36
Volunteers
3

Preparer

Firm
Plante & Moran Pllc
Address
8181 E TUFTS AVE SUITE 600, DENVER, CO 80237
Preparer
William a Mattox
Phone
3037409400
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

The mission/charter of rocky mountain innovation initiative is to accelerate the success of high growth, high impact, innovation-based startup companies and to promote the development of an entrepreneurial culture and infrastructure to sustain and nurture scientific and technology-based industries in the northern colorado region.

Form 990, Part IX, Line 11G

Other: program service expenses 862,438. Management and general expenses 0. Fundraising expenses 0. Total expenses 862,438.

FORM 990, PART XI, LINE 9:

Book/tax difference in pass-through -22.

Raw XML AppendixShowing 400 of 647 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.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt01423447
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ACCELERATE THE SUCCESS OF STARTUP COMPANIES AND TO PROMOTE AN ENTREPRENEURIAL CULTURE.
IRS990/AdvertisingGrp/FundraisingAmt027414
IRS990/AdvertisingGrp/ManagementAndGeneralAmt036552
IRS990/AdvertisingGrp/ProgramServicesAmt088335
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IRS990/BooksInCareOfDetail/PhoneNum09702211301
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IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT

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