Civic Intelligence

The Savings Collaborative

990 • Fiscal year 2021 • EIN 85-4176243

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 12, 2022

Organization ProfileN/A
959 Cedar CreekCarbondale, CO 81623

(970) 379-4234

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.46x

Higher debt load relative to assets than 82% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

0.63x

Higher debt load relative to revenue than 82% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

94th percentile

74%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

71st percentile

$102,428

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Balance Sheet
Liabilities / Assets82nd percentile

Assets

$1,573,171

No earlier filing loaded for comparison.

Net Assets

$849,831

No earlier filing loaded for comparison.

Liabilities

$723,340

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin94th percentile

Revenue

$1,156,033

No earlier filing loaded for comparison.

Expenses

$306,204

No earlier filing loaded for comparison.

Net Income

$849,829

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.

$4.0M$3.0M$2.0M$1.0M$0Assets 2021: $1,573,171Liabilities 2021: $723,340Net Assets 2021: $849,8312021Assets 2022: $2,049,315Liabilities 2022: $1,328,600Net Assets 2022: $720,7152022Assets 2023: $2,370,764Liabilities 2023: $1,668,483Net Assets 2023: $702,2812023Assets 2024: $3,585,549Liabilities 2024: $1,866,297Net Assets 2024: $1,719,2522024

Highlighted filing

2021

Assets$1,573,171
Liabilities$723,340
Net Assets$849,831
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2021: $1,156,033Expenses 2021: $306,204Net Income 2021: $849,8292021Revenue 2022: $425,628Expenses 2022: $512,498Net Income 2022: -$86,8702022Revenue 2023: $567,976Expenses 2023: $586,410Net Income 2023: -$18,4342023Revenue 2024: $1,800,395Expenses 2024: $807,004Net Income 2024: $993,3912024

Highlighted filing

2021

Revenue$1,156,033
Expenses$306,204
Net Income$849,829
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 12, 2022
Return Version
2021v4.1
Gross Receipts
$1,156,033
Mission and Program Overview

Mission

The Savings Collaborative helps low income people save through a secure mobile app. It pays rewards & favorable interest rates as incentives to save, issues loans at favorable interest rates, and coaching & education on financial management.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$1,515,079▲ $1,515,079
Other Notes and Loans Receivable, Net$0$56,547▲ $56,547
Total Assets$0$1,573,171▲ $1,573,171
Other Assets Total$0$1,545▲ $1,545
Liabilities
Other Liabilities$0$723,340▲ $723,340
Total Liabilities$0$723,340▲ $723,340
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$849,831-
Total Net Assets Fund Balance$0$849,831▲ $849,831
Total Liabilities and Net Assets / Fund Balance$0$1,573,171▲ $1,573,171
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barbara FreemanExecutive DirectorFT$64,593$37,835$102,428
Jon Fox-RubinDirector-$9,600-$9,600
Iliana RenteriaDirector-$7,200-$7,200

Board Members and Trustees

NameTitle
Cindy KahnDirector
Maria Judith AlvarezDirector
Reginald BerryDirector
Rob PewDirector
Yana RicartDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,156,033
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,156,033
Change in Net Assets
$849,829
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$237,885
Salaries, Compensation, and Employee Benefits$68,319
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$91,705$12,505$0$104,210
Current Officers, Directors, Trustees, and Key Employees$56,842$7,751$0$64,593
Information Technology$21,600$2,400$0$24,000
Fees for Services Legal$14,248$1,583$0$15,831
Interest$12,956$1,440$0$14,396
Occupancy$3,735$415$0$4,150
Payroll Taxes$3,279$447$0$3,726
Office Expenses$0$2,578$0$2,578
Advertising$2,064$229$0$2,293
Insurance$0$835$0$835
Fees for Services Management$0$555$0$555
All Other Expenses$81$9$0$90
Total Functional Expenses$268,562$37,642$0$306,204
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
Savers Deposits (Savings Club)$666,793
Savers Loans Receivable$56,547
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
Filing and Contact Details

Filer

Filer Name
The Savings Collaborative
EIN
85-4176243
Phone
9703794234
Address
959 Cedar Creek, Carbondale, CO 81623

Signing Officer

Name
Barbara Freeman
Title
Executive Director
Phone
9703794234
Signed
2022-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Freeman
Formed
2021
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
12

Preparer

Firm
Ken Ransford Pc
Address
132 MIDLAND AVE STE 3, BASALT, CO 81621
Preparer
Ken Ransford
Phone
9709271200
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The nonprofit provides a copy of form 990 to board members for their review before filing.”

Pt VI, Line 12C

“Members of the board of directors complete a conflict of interest statement each year.”

Pt VI, Line 19

“The organization provides IRS Form 1023 and the past three tax returns of form 990, available upon request.”

Pt VI, Line 15A

“The organization consults nonprofit salary reviews to determine whether executive director salaries are excessive.”

Pt VI, Line 15B

“The executive director is the only salaried employee.”

Other

“LaMedichi received an Impact Security grant of $895,000 from NPX and the Colorado Trust in 2021. It is classified as an unusual grant.”

Raw XML Appendix398 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
IRS990/AccountantCompileOrReviewInd0true
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The Savings Collaborative helps low income people save through a secure mobile app. It pays rewards & favorable interest rates as incentives to save, issues loans at favorable interest rates, and coaching & education on financial management.
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0229
IRS990/AdvertisingGrp/ProgramServicesAmt02064
IRS990/AdvertisingGrp/TotalAmt02293
IRS990/AllOtherContributionsAmt01156033
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt09
IRS990/AllOtherExpensesGrp/ProgramServicesAmt081
IRS990/AllOtherExpensesGrp/TotalAmt090
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BooksInCareOfDetail/PersonNm0Lea Tyler
IRS990/BooksInCareOfDetail/PhoneNum09703559058
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0300 Sunlight Dr
IRS990/BooksInCareOfDetail/USAddress/CityNm0Carbondale
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd081623
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt01515079
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt07751
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt056842
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt064593
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01156033
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0237885
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0849829
IRS990/CYSalariesCompEmpBnftPaidAmt068319
IRS990/CYTotalExpensesAmt0306204
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01156033
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0The Bell Policy Project helps educate and promote economic mobility within our community, helping individuals and families improve their economic well-being over time.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/ExpenseAmt039738
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01583
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt014248
IRS990/FeesForServicesLegalGrp/TotalAmt015831
IRS990/FeesForServicesManagementGrp/FundraisingAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0555
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt0555
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt060.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.50
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0Barbara Freeman
IRS990/Form990PartVIISectionAGrp/PersonNm1Maria Judith Alvarez
IRS990/Form990PartVIISectionAGrp/PersonNm2Reginald Berry
IRS990/Form990PartVIISectionAGrp/PersonNm3Cindy Kahn
IRS990/Form990PartVIISectionAGrp/PersonNm4Rob Pew
IRS990/Form990PartVIISectionAGrp/PersonNm5Iliana Renteria
IRS990/Form990PartVIISectionAGrp/PersonNm6Yana Ricart
IRS990/Form990PartVIISectionAGrp/PersonNm7Jon Fox-Rubin
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt064593
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt57200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt79600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt037835
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02021
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01156033
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02400
IRS990/InformationTechnologyGrp/ProgramServicesAmt021600
IRS990/InformationTechnologyGrp/TotalAmt024000
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0835
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt0835
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt01440
IRS990/InterestGrp/ProgramServicesAmt012956
IRS990/InterestGrp/TotalAmt014396
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0The Savings Collaborative helps low income people save through a secure mobile app. It pays rewards & favorable interest rates as incentives to save, issues loans at favorable interest rates, and coaching & education on financial management.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesBOYAmt00
IRS990/NetAssetsOrFundBalancesEOYAmt0849831
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0849831
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0415
IRS990/OccupancyGrp/ProgramServicesAmt03735
IRS990/OccupancyGrp/TotalAmt04150
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02578
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt02578
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt01545
IRS990/OtherExpensesGrp/Desc0Consulting & Management
IRS990/OtherExpensesGrp/Desc1Bell Policy Project
IRS990/OtherExpensesGrp/Desc2Merchant Services Fee
IRS990/OtherExpensesGrp/Desc3Program ambassadors
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01700
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13974
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21221
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt312505
IRS990/OtherExpensesGrp/ProgramServicesAmt015300
IRS990/OtherExpensesGrp/ProgramServicesAmt135763
IRS990/OtherExpensesGrp/ProgramServicesAmt210989
IRS990/OtherExpensesGrp/ProgramServicesAmt391705
IRS990/OtherExpensesGrp/TotalAmt017000
IRS990/OtherExpensesGrp/TotalAmt139737
IRS990/OtherExpensesGrp/TotalAmt212210
IRS990/OtherExpensesGrp/TotalAmt3104210
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0723340
IRS990/OtherRevenueTotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt056547
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0447
IRS990/PayrollTaxesGrp/ProgramServicesAmt03279
IRS990/PayrollTaxesGrp/TotalAmt03726
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Barbara Freeman
IRS990/PriorPeriodAdjustmentsAmt02
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0The Savings Collaborative has empowered hundreds of lower-income families across Colorado to start saving and become financially literate. It provides loans for unexpected expenses and emergencies. It provides educational programs to develop the habit of saving and financial management skills
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0228824
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt092059
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0849829
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0261033
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0261033
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt071297
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt0261033
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0261033
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0261033
IRS990ScheduleA/TotalSupportAmt0261033
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/OtherLiabilitiesOrgGrp/Amt0666793
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt156547
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Savers Deposits (Savings Club)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Savers Loans Receivable
IRS990ScheduleD/TotalLiabilityAmt0723340
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The nonprofit provides a copy of form 990 to board members for their review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of the board of directors complete a conflict of interest statement each year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization provides IRS Form 1023 and the past three tax returns of form 990, available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization consults nonprofit salary reviews to determine whether executive director salaries are excessive.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The executive director is the only salaried employee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LaMedichi received an Impact Security grant of $895,000 from NPX and the Colorado Trust in 2021. It is classified as an unusual grant.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt01573171
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt01573171
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01156033
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037642
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0268562
IRS990/TotalFunctionalExpensesGrp/TotalAmt0306204
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0723340
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0723340
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0849831
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0268562
IRS990/TotalReportableCompFromOrgAmt081393
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01156033
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01573171
IRS990/TotReportableCompRltdOrgAmt037835
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0959 Cedar Creek
IRS990/USAddress/CityNm0Carbondale
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd081623
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Barbara Freeman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09703794234
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Savings Collaborative
ReturnHeader/Filer/BusinessNameControlTxt0SAVI
ReturnHeader/Filer/EIN0854176243
ReturnHeader/Filer/PhoneNum09703794234
ReturnHeader/Filer/USAddress/AddressLine1Txt0959 Cedar Creek
ReturnHeader/Filer/USAddress/CityNm0Carbondale
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd081623
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841233526
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEN RANSFORD PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0132 MIDLAND AVE STE 3
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BASALT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd081621
ReturnHeader/PreparerPersonGrp/PhoneNum09709271200
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ken Ransford
ReturnHeader/ReturnTs02022-05-13T14:06:44-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Barbara
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Freeman
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,573,171
Liabilities
$723,340
Net assets
$849,831
Revenue
$1,156,033
Expenses
$306,204
Net income
$849,829
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.59$1.87$1.72$1.80$0.81$0.99
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$1.67$0.70$0.57$0.59$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$1.33$0.72$0.43$0.51$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.57$0.72$0.85$1.16$0.31$0.85