Civic Intelligence

Bside Fund

990 • Fiscal year 2020 • EIN 84-3382379

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 31, 2021

Organization Profilewww.bsidefund.org
1441 18TH STREET Suite 150Denver, CO 80202

(303) 657-0010

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.00x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

44.62x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

77th percentile

22%

Higher net margin than 77% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets92nd percentile

Assets

$5,320,099

No earlier filing loaded for comparison.

Net Assets

$25,800

No earlier filing loaded for comparison.

Liabilities

$5,294,299

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin77th percentile

Revenue

$118,664

No earlier filing loaded for comparison.

Expenses

$92,864

No earlier filing loaded for comparison.

Net Income

$25,800

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2020: $5,320,099Liabilities 2020: $5,294,299Net Assets 2020: $25,8002020Assets 2021: $919,428Liabilities 2021: $844,506Net Assets 2021: $74,9222021Assets 2022: $778,900Liabilities 2022: $821,163Net Assets 2022: -$42,2632022Assets 2023: $1,999,261Liabilities 2023: $1,692,512Net Assets 2023: $306,7492023Assets 2024: $3,120,143Liabilities 2024: $2,692,120Net Assets 2024: $428,0232024

Highlighted filing

2020

Assets$5,320,099
Liabilities$5,294,299
Net Assets$25,800
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2020: $118,664Expenses 2020: $92,864Net Income 2020: $25,8002020Revenue 2021: $47,560Expenses 2021: -$1,562Net Income 2021: $49,1222021Revenue 2022: $269,604Expenses 2022: $386,789Net Income 2022: -$117,1852022Revenue 2023: $1,297,055Expenses 2023: $948,043Net Income 2023: $349,0122023Revenue 2024: $421,663Expenses 2024: $534,346Net Income 2024: -$112,6832024

Highlighted filing

2020

Revenue$118,664
Expenses$92,864
Net Income$25,800
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 31, 2021
Return Version
2020v4.1
Gross Receipts
$118,664
Mission and Program Overview

Mission

To stimulate and promote community prosperity and economic welfare through lending, business support services, advice, education, technical assistance, and any other appropriate means, to promote, encourage and enhance the creation, improvement and expansion of small businesses creating sustainable, living-wage jobs and located in distressed urban and rural areas, and/or operated by underserved, unemployed and underemployed populations including but not limited to startup, woman-owned, minority-owned, rural-based and veteran-owned businesses.

To foster and stimulate the prosperity and economic welfare of diverse small businesses creating sustainable, living-wage jobs within underserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$4,881,968▲ $4,881,968
Investments Program Related$0$411,371▲ $411,371
Prepaid Expenses and Deferred Charges$0$9,741▲ $9,741
Accounts Receivable$0$4,756▲ $4,756
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 in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$0$5,320,099▲ $5,320,099
Other Assets Total$0$12,263▲ $12,263
Liabilities
Unsecured Notes Loans Payable$0$5,294,299▲ $5,294,299
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$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$0$5,294,299▲ $5,294,299
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$25,800▲ $25,800
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$25,800▲ $25,800
Total Liabilities and Net Assets / Fund Balance$0$5,320,099▲ $5,320,099

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$411,371--
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Erin BecksteinPresident
Heather SicaDirector
Kris GreenoDirector
Lisa HudsonDirector
MIKE O'DONNELLExecutive Director - Part Year
Chris MyersChief Executive Officer
Karol JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$108,225
Program Service Revenue
$4,758
Investment Income
$5,681
Other Revenue
$0
All Other Contributions
$108,225
Change in Net Assets
$25,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,864
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,000--$5,000
Insurance-$4,870-$4,870
Other Expenses$4,750$3,271$0$3,271
Depreciation Depletion$2,262--$2,262
Office Expenses-$90-$90
Total Functional Expenses$84,633$8,231$0$92,864
Fundraising, Events, and Gaming
Fundraising activities
No
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
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
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
No
Annual disclosure for covered persons
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 A, Line 4

“During 2021, character based small business lending fund updated its articles of incorporation to change its name to b:side fund.”

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

“The form 990 is reviewed by the cfo and executive director and then board members are provided a copy of the 990 before it is filed.”

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

“Board members sign a confidentiality/conflict of interest agreement at the start of each new year acknowledging, inter alia, that any real or apparent conflicts of interest be immediately disclosed in writing to the president of the board of directors.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, and financial statements are available from the chief executive officer upon request”

Filing and Contact Details

Filer

Filer Name
Bside Fund
EIN
84-3382379
In Care Of
% KAROL JONES
Phone
3036570010
Address
1441 18TH STREET Suite 150, DENVER, CO 80202

Signing Officer

Name
Karol Jones
Title
CFO
Phone
3036570010
Signed
2021-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Myers
Formed
2020
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Bkd Llp
Address
111 South Tejon Suite 800, Colorado Springs, CO 80903-9848
Preparer
Adam R Smith CPA
Phone
7194714290
Supplemental Narrative

Financial Statement Notes

schedule D, part X, line 2

“UNCERTAIN TAX POSITIONS: Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04758
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt025800
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt04758
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0108225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0108225
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05681
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05681
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04758
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt022657
IRS990ScheduleA/SubstantialContributorsTotAmt085568
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0108225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0108225
IRS990ScheduleA/TotalSupportAmt0113906
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0411371
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0SMALL BUSINESS LOANS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNCERTAIN TAX POSITIONS: Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0schedule d, part x, line 2
IRS990ScheduleD/TotalBookValueProgramRltdAmt0411371
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING 2021, CHARACTER BASED SMALL BUSINESS LENDING FUND UPDATED ITS ARTICLES OF INCORPORATION TO CHANGE ITS NAME TO B:SIDE FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE CFO AND EXECUTIVE DIRECTOR AND THEN BOARD MEMBERS ARE PROVIDED A COPY OF THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS SIGN A CONFIDENTIALITY/CONFLICT OF INTEREST AGREEMENT AT THE START OF EACH NEW YEAR ACKNOWLEDGING, INTER ALIA, THAT ANY REAL OR APPARENT CONFLICTS OF INTEREST BE IMMEDIATELY DISCLOSED IN WRITING TO THE PRESIDENT OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FROM THE CHIEF EXECUTIVE OFFICER UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt05320099
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt05320099
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0108225
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08231
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt084633
IRS990/TotalFunctionalExpensesGrp/TotalAmt092864
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt05294299
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt05294299
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt025800
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt084633
IRS990/TotalProgramServiceRevenueAmt04758
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05681
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04758
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0118664
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05320099
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt05294299
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01441 18TH STREET

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,320,099
Liabilities
$5,294,299
Net assets
$25,800
Revenue
$118,664
Expenses
$92,864
Net income
$25,800
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.12$2.69$0.43$0.42$0.53$0.11
2023Detailed filing. Detailed filing data is available for this year.$2.00$1.69$0.31$1.30$0.95$0.35
2022Detailed filing. Detailed filing data is available for this year.$0.78$0.82$0.04$0.27$0.39$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.92$0.84$0.07$0.05$0.00$0.05
2020Detailed filing. Detailed filing data is available for this year.$5.32$5.29$0.03$0.12$0.09$0.03