Civic Intelligence

Cu Boulder Enterprise Corporation

EIN 84-2143403 • 501(c)3 • Boulder, CO

Profile

Supporting and strengthening instructional, research and service programs of the university of colorado at boulder, including entrepreneurial programs.

2480 Kittredge Loop Dr 963Boulder, CO 80310

n/A

Siviq Scores

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

Liabilities / Assets

87th percentile

0.82x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

27.79x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

96th percentile

78%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $50M-$100M 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

19th percentile

-2.3%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

174%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Down

$82,740,758

Down $1,933,561 (-2.3%) from 2023

Liabilities

Down

$68,057,708

Down $3,553,893 (-5.0%) from 2023

Net Assets

Up

$14,683,050

Up $1,620,332 (+12%) from 2023

Revenue

Up

$2,448,993

Up $1,555,837 (+174%) from 2023

Expenses

Up

$529,253

Up $180,072 (+52%) from 2023

Net Income

Up

$1,919,740

Up $1,375,765 (+253%) from 2023

Trend Graphs

Balance Sheet Trend

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

$100M$50M$0Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $10,002,731Liabilities 2020: $10,000,000Net Assets 2020: $2,7312020Assets 2021: $22,635,820Liabilities 2021: $10,071,952Net Assets 2021: $12,563,8682021Assets 2022: $21,380,090Liabilities 2022: $9,616,400Net Assets 2022: $11,763,6902022Assets 2023: $84,674,319Liabilities 2023: $71,611,601Net Assets 2023: $13,062,7182023Assets 2024: $82,740,758Liabilities 2024: $68,057,708Net Assets 2024: $14,683,0502024

Highlighted filing

2024

Assets$82,740,758
Liabilities$68,057,708
Net Assets$14,683,050

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $2,731Expenses 2020: $0Net Income 2020: $2,7312020Revenue 2021: $1,690,635Expenses 2021: $129,498Net Income 2021: $1,561,1372021Revenue 2022: $273,517Expenses 2022: $239,432Net Income 2022: $34,0852022Revenue 2023: $893,156Expenses 2023: $349,181Net Income 2023: $543,9752023Revenue 2024: $2,448,993Expenses 2024: $529,253Net Income 2024: $1,919,7402024

Highlighted filing

2024

Revenue$2,448,993
Expenses$529,253
Net Income$1,919,740

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$2,448,993
Mission and Program Overview

Mission

Supporting and strengthening instructional, research and service programs of the university of colorado at boulder, including entrepreneurial programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$14,032,700$25,886,569▲ $11,853,869
Cash and Non-Interest-Bearing Accounts$55,509,399$12,255,437▼ $43,253,962
Investments Other Securities$7,018,905$10,026,299▲ $3,007,394
Investments Program Related$2,424,941$5,154,144▲ $2,729,203
Accounts Receivable$40,500$379,925▲ $339,425
Prepaid Expenses and Deferred Charges$20,199$58,667▲ $38,468
Total Assets$84,674,319$82,740,758▼ $1,933,561
Other Assets Total$5,627,675$28,979,717▲ $23,352,042
Liabilities
Unsecured Notes Loans Payable$63,314,426$63,421,906▲ $107,480
Other Liabilities$3,500,000$3,500,000→ $0
Accounts Payable and Accrued Expenses$4,797,175$1,135,802▼ $3,661,373
Total Liabilities$71,611,601$68,057,708▼ $3,553,893
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,551,072$9,232,921▲ $4,681,849
Net Assets With Donor Restrictions$8,511,646$5,450,129▼ $3,061,517
Total Net Assets Fund Balance$13,062,718$14,683,050▲ $1,620,332
Total Liabilities and Net Assets / Fund Balance$84,674,319$82,740,758▼ $1,933,561

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$5,154,144--
Other Assets Org$25,745--
Other Securities$26,299--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Derek SilvaExecutive DirectorPT$77,276$30,563$107,839
Brian DanielsonAssistant TreasurerPT$28,059$11,097$39,156
Chris WrightSecretaryPT$19,350$7,653$27,003

Board Members and Trustees

NameTitle
Justin SchwartzChair
Philip DistefanoChair (term End 8/24)
Ellen BalaguerPresident
Keith MolenaarDirector
Massimo RuzzeneDirector
Matt GirardDirector
R David HooverDirector
Todd HaggertyDirector
Wendy LeaDirector
PAT O'ROURKEDirector (term End 12/24)
J Wayne HutchensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,469
Program Service Revenue
$0
Investment Income
$2,445,524
Other Revenue
$0
All Other Contributions
$3,469
Change in Net Assets
$1,919,740
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$355,254
Salaries, Compensation, and Employee Benefits$173,999
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$87,869$86,130-$173,999
Fees for Services Other$110,250--$110,250
Interest$91,516--$91,516
Fees for Services Accounting-$80,670-$80,670
Insurance-$24,655-$24,655
Office Expenses$9,544$10,947-$20,491
Fees for Services Management$5,276$5,171-$10,447
Fees for Services Legal$8,644--$8,644
Fees for Service Investment Mgmnt Fees-$4,500-$4,500
Other Expenses$1,404--$1,404
Advertising$466--$466
Total Functional Expenses$317,180$212,073$0$529,253
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
Prepaid- Cu Boulder$3,500,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Cubec's member, the chancellor of the university of colorado's boulder campus, has the right to select the appointed directors of the board.

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

A completed copy of the form 990 and related schedules is given to each member of the board prior to submission to the irs.

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

All officers, directors, and trustees are required to complete an annual disclosure form that includes: (1) information on any actual or potential conflicts of interest involving that individual or related parties; (2) a list of existing directorships and officer positions held in any other entities; and (3) a list of ownership positions in any other entity in excess of 15%.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are made available to the public upon request. Cubec's articles of incorporation and annual reports are also on file with the colorado secretary of state.

Filing and Contact Details

Filer

Filer Name
Cu Boulder Enterprise Corporation
EIN
84-2143403
Phone
3034920585
Address
2480 KITTREDGE LOOP DR 963, BOULDER, CO 80310
Doing Business As
Cubec

Signing Officer

Name
Derek Silva
Title
Executive Director
Phone
5127796133
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derek Silva
Formed
2019
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
9
Employees
0
Volunteers
12

Preparer

Firm
Plante & Moran Pllc
Address
8181 E TUFTS AVE SUITE 600, DENVER, CO 80237
Preparer
Dori J Eggett
Phone
3037409400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Innovation strategy: program service expenses 110,250. Management and general expenses 0. Fundraising expenses 0. Total expenses 110,250.

FORM 990, PART XI, LINE 9:

Eliminations with cubec investments corporation -299,408.

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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04551072
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09232921
IRS990/NoncashContributionsAmt03469
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010947
IRS990/OfficeExpensesGrp/ProgramServicesAmt09544
IRS990/OfficeExpensesGrp/TotalAmt020491
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05627675
IRS990/OtherAssetsTotalGrp/EOYAmt028979717
IRS990/OtherChangesInNetAssetsAmt0-299408
IRS990/OtherExpensesGrp/Desc0BANK CHARGES
IRS990/OtherExpensesGrp/Desc1AWARDS & GRANTS TO OTHE
IRS990/OtherExpensesGrp/ProgramServicesAmt02211
IRS990/OtherExpensesGrp/ProgramServicesAmt11404
IRS990/OtherExpensesGrp/TotalAmt02211
IRS990/OtherExpensesGrp/TotalAmt11404
IRS990/OtherLiabilitiesGrp/BOYAmt03500000
IRS990/OtherLiabilitiesGrp/EOYAmt03500000
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020199
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058667
IRS990/PrincipalOfficerNm0DEREK SILVA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02931
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0890225
IRS990/PYOtherExpensesAmt0200956
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0543975
IRS990/PYSalariesCompEmpBnftPaidAmt0148225
IRS990/PYTotalExpensesAmt0349181
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0893156
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01919740
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014032700
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025886569
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0EVEN THOUGH CUBEC'S BOARD IS NOT A MAJORITY OF THE BOARD OF CU BOULDER COMMON SUPERVISION IS STILL IN PLACE TO ENSURE CUBEC IS RESPONSIVE TO THE NEEDS OF CU BOULDER. THIS COMMON SUPERVISION IS EXEMPLIFIED BY THE CHANCELLOR OF THE UNIVERSITY OF COLORADO BOULDER APPOINTING THE APPOINTED DIRECTORS FOR CUBEC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SECTION C, PART IV, LINE 1
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0846000555
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd05
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNIVERSITY OF COLORADO
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05154144
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN CUBEC INVESTMENTS CORP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt026184392
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12769580
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt225745
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS: CIP- CAPITALIZED INTEREST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID- CU BOULDER
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt010000000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt126299
IRS990ScheduleD/OtherSecuritiesGrp/Desc0LIMELIGHT BOULDER
IRS990ScheduleD/OtherSecuritiesGrp/Desc1ACCRUED DIVIDEND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt028979717
IRS990ScheduleD/TotalBookValueProgramRltdAmt05154144
IRS990ScheduleD/TotalBookValueSecuritiesAmt010026299
IRS990ScheduleD/TotalLiabilityAmt03500000
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt677276
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt719350
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt828059
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount70
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount80
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt70
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt80
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0862992
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1600683
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2479041
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3456200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4437185
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt5394100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt6190615
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt7181890
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt8120458

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