Civic Intelligence

Exponential Impact

990 • Fiscal year 2018 • EIN 82-2707012

Jan 01, 2018 to Dec 31, 2018 • Filed on May 15, 2019

415 N Tejon StreetColorado Springs, CO 80903

(719) 660-8888

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

29th percentile

-5.8%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

18th percentile

-24%

Faster asset growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

214%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$72,300

Down $23,282 (-24%) from 2017

Net Assets

Down

$71,577

Down $18,547 (-21%) from 2017

Liabilities

Down

$723

Down $4,735 (-87%) from 2017

Revenue

Up

$317,250

Up $216,104 (+214%) from 2017

Expenses

Up

$335,797

Up $324,775 (+2947%) from 2017

Net Income

Down

-$18,547

Down $108,671 (-121%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2017: $95,582Liabilities 2017: $5,458Net Assets 2017: $90,1242017Assets 2018: $72,300Liabilities 2018: $723Net Assets 2018: $71,5772018Assets 2019: $302,712Liabilities 2019: $2,890Net Assets 2019: $299,8222019Assets 2020: $2,715,192Liabilities 2020: $2,162,960Net Assets 2020: $552,2322020Assets 2021: $3,022,764Liabilities 2021: $2,177,905Net Assets 2021: $844,8592021Assets 2022: $3,778,747Liabilities 2022: $1,870,215Net Assets 2022: $1,908,5322022Assets 2023: $4,055,793Liabilities 2023: $2,188,860Net Assets 2023: $1,866,9332023Assets 2024: $5,295,573Liabilities 2024: $683,271Net Assets 2024: $4,612,3022024

Highlighted filing

2018

Assets$72,300
Liabilities$723
Net Assets$71,577

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $101,146Expenses 2017: $11,022Net Income 2017: $90,1242017Revenue 2018: $317,250Expenses 2018: $335,797Net Income 2018: -$18,5472018Revenue 2019: $712,117Expenses 2019: $483,872Net Income 2019: $228,2452019Revenue 2020: $646,352Expenses 2020: $393,942Net Income 2020: $252,4102020Revenue 2021: $1,129,971Expenses 2021: $872,014Net Income 2021: $257,9572021Revenue 2022: $3,043,599Expenses 2022: $1,979,926Net Income 2022: $1,063,6732022Revenue 2023: $652,358Expenses 2023: $591,959Net Income 2023: $60,3992023Revenue 2024: $2,153,332Expenses 2024: $800,507Net Income 2024: $1,352,8252024

Highlighted filing

2018

Revenue$317,250
Expenses$335,797
Net Income-$18,547
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 15, 2019
Return Version
2018v3.1
Gross Receipts
$317,250
Mission and Program Overview

Mission

To develop the best entrepreneurs humanly possible. XI advances its mission through a dual focus on emerging technology and community impact. Each track serves a distinct group of businesses and entrepreneurs in the pikes peak region with programs that address each group's unique challenges and opportunities for growth.

To connect entrepreneurs with educational resources, training, mentorship, access to capital, and a shared operating space in the Colorado Springs region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$90,124$71,577▼ $18,547
Cash and Non-Interest-Bearing Accounts$95,582$68,418▼ $27,164
Accounts Receivable$0$2,730▲ $2,730
Land, Buildings, and Equipment, Net$0$1,152▲ $1,152
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$95,582$72,300▼ $23,282
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,458$723▼ $4,735
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,458$723▼ $4,735
Net Assets / Fund Balance
Total Net Assets Fund Balance$90,124$71,577▼ $18,547
Total Liabilities and Net Assets / Fund Balance$95,582$72,300▼ $23,282

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,152$231$1,383
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hannah ParsonsChief Executive OfficerFT$88,750$2,400$91,150

Board Members and Trustees

NameTitle
Vance BrownPresident
Chris JenkinsDirector
Kyle HyblDirector
Betsy BrownSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$310,742
Program Service Revenue
$6,440
Investment Income
$68
Other Revenue
$0
All Other Contributions
$270,610
Change in Net Assets
$-18,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$174,327
Salaries, Compensation, and Employee Benefits$161,470
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$88,750--$88,750
Occupancy$72,286--$72,286
Other Salaries and Wages$44,369--$44,369
Advertising$36,749--$36,749
Fees for Services Other$19,884--$19,884
Other Employee Benefits$14,800--$14,800
Travel$11,318--$11,318
Payroll Taxes$9,551--$9,551
Insurance$4,592--$4,592
Fees for Services Legal$4,110--$4,110
Fees for Services Accounting$4,015--$4,015
Pension Plan Contributions$4,000--$4,000
Office Expenses$3,964--$3,964
All Other Expenses$3,250--$3,250
Other Expenses$2,489--$2,489
Information Technology$869--$869
Depreciation Depletion$231--$231
Total Functional Expenses$335,797$0$0$335,797
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
XI Demo Day$40,132---
Total Events$40,132---
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Vance Brown, President, and Betsy Brown, Secretary, are married.

Form 990, Part VI, Section A, Lines 6 & 7A

The Organization has members that are elected by the governing body.

Form 990, Part VI, Section A, Line 7B

The decisions of the governing body are subject to the approval by the voting members of the organization.

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

Prior to filing, a draft of form 990 is reviewed and approved by the board of directors.

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

The organization requires all members of the governing body to sign and submit annually a form disclosing any conflicts of interest.

Form 990, Part VI, Section B, Line 15A & 15B

Compensation is authorized or ratified by the Board of Directors. Election or appointment of an officer shall not of itself create a contractual right to compensation for services performed as such officer.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and form 990 are available upon request and on the website of others, such as guidestar.

Filing and Contact Details

Filer

Filer Name
Exponential Impact
EIN
82-2707012
In Care Of
% VANCE BROWN
Phone
7196608888
Address
415 N Tejon Street, Colorado Springs, CO 80903

Signing Officer

Name
Hannah Parsons
Title
CEO
Phone
7198608888
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hannah Parsons
Formed
2017
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
3
Employees
2
Volunteers
75

Preparer

Firm
Stockman Kast Ryan & Co Llp
Address
102 N CASCADE AVENUE SUITE 400, COLORADO SPRINGS, CO 80903
Preparer
Doreen B Merz
Phone
7196301186
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IRS990/PrincipalOfficerNm0HANNAH PARSONS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06440
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06440
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0101137
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0706
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt090124
IRS990/PYSalariesCompEmpBnftPaidAmt010316
IRS990/PYTotalExpensesAmt011022
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0101146
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-18547
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06440
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt090124
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt071577
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0307610
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0307610
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0310742
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0101137
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0411879
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt068
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt077
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt06440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06440
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt068
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt077
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0110709
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0307610
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0307610
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0317182
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0101137
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt0418319
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0317250
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0101146
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0418396
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01152
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0231
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01383
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01152
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt040132
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt040132
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0XI Demo Day
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt040132
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt040132
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Vance Brown, President, and Betsy Brown, Secretary, are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization has members that are elected by the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO THE APPROVAL BY THE VOTING MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIOR TO FILING, A DRAFT OF FORM 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REQUIRES ALL MEMBERS OF THE GOVERNING BODY TO SIGN AND SUBMIT ANNUALLY A FORM DISCLOSING ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation is authorized or ratified by the Board of Directors. Election or appointment of an officer shall not of itself create a contractual right to compensation for services performed as such officer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FORM 990 ARE AVAILABLE UPON REQUEST AND ON THE WEBSITE OF OTHERS, SUCH AS GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Lines 6 & 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A & 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt095582
IRS990/TotalAssetsEOYAmt072300
IRS990/TotalAssetsGrp/BOYAmt095582
IRS990/TotalAssetsGrp/EOYAmt072300
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0310742
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0335797

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