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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$3.7M
Program Spending
80%
of total expenses go to program services
Total Contributions
$1.1M
Total Expenses
▼$3.7M
Total Assets
$730.9K
Total Liabilities
▼$1.9M
Net Assets
-$1.2M
Officer Compensation
→$237.3K
Other Salaries
$1.9M
Investment Income
$0
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$844.5K
Awards Found
3
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of Commerce | DEVELOPMENT OF A DIVERSITY-FOCUSED INTERNET OF THINGS STARTUP ACCELERATOR SERVING AREAS OF NC AND VA THAT LEVERAGES EXISTING UNIVERSITY COURSES, PART | $500K | FY2018 | Jan 2018 – Dec 2020 |
| Department of Commerce | PURPOSE: THE PROPOSAL OUTLINES A SET OF ACTIVITIES TO CONTINUE THEIR EFFORTS IN DIVERSIFYING DIGITAL TALENT AND CLOSING THE DIGITAL DIVIDE IN UNDERSERVED COMMUNITIES. THE PROJECT PLANS TO BUILD ON EXISTING PARTNERSHIPS AND TO DEVELOP NEW PARTNERS TO IMPROVE THE IMPACT OF THE PROJECT. ACTIVITIES TO BE PERFORMED: PHASE II OF THE PROJECT WILL LEVERAGE NEW PARTNERSHIPS AND EXPAND THEIR EFFORTS TO SUPPORT SMALL BUSINESSES BY PROVIDING ENHANCED CONSULTING AND DIGITAL UPSKILLING. THE PROJECT WILL ALSO LOOK FOR NEW PARTNERS BUILD CAPACITY, EXPAND THE KNOWLEDGE BASE, AND ATTRACT INDIVIDUALS INTERESTED IN EMERGING OPPORTUNITIES. THE PROJECT WILL LAUNCH ENTREPRENEURIAL GROWTH INITIATIVES BY OFFERING OFFER STARTUPS ESSENTIAL TOOLS AND SUPPORT TO ACCELERATE THEIR BUSINESS MODELS, INCLUDING ACCESS TO EXPERT CONSULTING SERVICES, TECHNOLOGY RESOURCES, AND OPPORTUNITIES FOR SEED FUNDING. LASTLY, THE PROJECT WILL LOOK FOR SUSTAINABLE FUNDING. EXPECTED OUTCOMES: THE PROJECT IS EXPECTED TO REACH OUT TO NEW COMMUNITIES IN ADDITIONAL COUNTIES IN COLORADO AND PARTNER WITH COMMUNITY COLLEGES AND SECOND CHANCE PROGRAMS. THE PROJECT WILL ALSO IDENTIFY SUSTAINABLE FUNDING AND DEVELOP A SCALABLE AND ADAPTABLE MODEL THAT CAN BE REPLICATED IN OTHER REGIONS. INTENDED BENEFICIARIES: THE INTENDED BENEFICIARIES OF THE PROJECT ARE THE OWNERS AND EMPLOYEES OF SMALL BUSINESS, STARTUPS, JUSTICE-IMPACTED INDIVIDUALS, AND MORE GENERALLY INDIVIDUALS INTERESTED IN EMERGING OPPORTUNITIES. SUBRECIPIENT ACTIVITIES: THERE ARE NO PLANNED SUBAWARDS. | $269.5K | FY2024 | Sep 2024 – Apr 2025 |
| Department of Agriculture | RBDG RURAL BUSINESS COOP OPPORTUNITY GRANT | $75K | FY2024 | Jul 2024 – Jul 2026 |
Department of Commerce
$500K
DEVELOPMENT OF A DIVERSITY-FOCUSED INTERNET OF THINGS STARTUP ACCELERATOR SERVING AREAS OF NC AND VA THAT LEVERAGES EXISTING UNIVERSITY COURSES, PART
Department of Commerce
$269.5K
PURPOSE: THE PROPOSAL OUTLINES A SET OF ACTIVITIES TO CONTINUE THEIR EFFORTS IN DIVERSIFYING DIGITAL TALENT AND CLOSING THE DIGITAL DIVIDE IN UNDERSERVED COMMUNITIES. THE PROJECT PLANS TO BUILD ON EXISTING PARTNERSHIPS AND TO DEVELOP NEW PARTNERS TO IMPROVE THE IMPACT OF THE PROJECT. ACTIVITIES TO BE PERFORMED: PHASE II OF THE PROJECT WILL LEVERAGE NEW PARTNERSHIPS AND EXPAND THEIR EFFORTS TO SUPPORT SMALL BUSINESSES BY PROVIDING ENHANCED CONSULTING AND DIGITAL UPSKILLING. THE PROJECT WILL ALSO LOOK FOR NEW PARTNERS BUILD CAPACITY, EXPAND THE KNOWLEDGE BASE, AND ATTRACT INDIVIDUALS INTERESTED IN EMERGING OPPORTUNITIES. THE PROJECT WILL LAUNCH ENTREPRENEURIAL GROWTH INITIATIVES BY OFFERING OFFER STARTUPS ESSENTIAL TOOLS AND SUPPORT TO ACCELERATE THEIR BUSINESS MODELS, INCLUDING ACCESS TO EXPERT CONSULTING SERVICES, TECHNOLOGY RESOURCES, AND OPPORTUNITIES FOR SEED FUNDING. LASTLY, THE PROJECT WILL LOOK FOR SUSTAINABLE FUNDING. EXPECTED OUTCOMES: THE PROJECT IS EXPECTED TO REACH OUT TO NEW COMMUNITIES IN ADDITIONAL COUNTIES IN COLORADO AND PARTNER WITH COMMUNITY COLLEGES AND SECOND CHANCE PROGRAMS. THE PROJECT WILL ALSO IDENTIFY SUSTAINABLE FUNDING AND DEVELOP A SCALABLE AND ADAPTABLE MODEL THAT CAN BE REPLICATED IN OTHER REGIONS. INTENDED BENEFICIARIES: THE INTENDED BENEFICIARIES OF THE PROJECT ARE THE OWNERS AND EMPLOYEES OF SMALL BUSINESS, STARTUPS, JUSTICE-IMPACTED INDIVIDUALS, AND MORE GENERALLY INDIVIDUALS INTERESTED IN EMERGING OPPORTUNITIES. SUBRECIPIENT ACTIVITIES: THERE ARE NO PLANNED SUBAWARDS.
Department of Agriculture
$75K
RBDG RURAL BUSINESS COOP OPPORTUNITY GRANT
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
990-N (e-Postcard) Filing History
This organization files simplified Form 990-N (annual gross receipts ≤ $50,000).
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $3.7M | $1.1M | $3.7M | $730.9K | -$1.2M |
| 2022 | $4.3M | $1.4M | $4.8M | $1.5M | -$539.3K |
| 2021 | $4.1M | $1.4M | $4.1M | $2.7M | $975.3K |
| 2020 | $2.8M | $227.7K | $3.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Gerard Hayes | President | 50 | $237.3K | $0 | $20.2K | $257.5K |
| Neal Ellis | Secretary | 1 | $0 | $0 | $0 | $0 |
| Joseph Murray | Chair | 2 | $0 | $0 | $0 | $0 |
| Vivian Jones | Vice Chair | 1 | $0 | $0 | $0 | $0 |
Gerard Hayes
President
$257.5K
Hrs/Wk
50
Compensation
$237.3K
Related Orgs
$0
Other
$20.2K
Neal Ellis
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Joseph Murray
Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Vivian Jones
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Phillip Emer | Board Member | 1 | $0 | $0 | $0 | $0 |
| Robert White | Board Member | 1 | $0 | $0 | $0 | $0 |
Phillip Emer
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Robert White
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $2.6M |
| $950.2K |
| 2019 | $2.9M | $202.5K | $2.8M | $2.5M | $1.6M |
| 2018 | $2.6M | $192.7K | $2.3M | $2.4M | $1.6M |
| 2017 | $1.9M | $1,245 | $1.8M | $2.2M | $1.3M |
| 2016 | $1.7M | $0 | $1.5M | $2.2M | $1.2M |
| 2015 | $1.7M | $289.1K | $1.3M | $2M | $979K |
| 2014 | $1.7M | $463.4K | $1.3M | $2M | $597K |
| 2013 | $627.1K | $20K | $781.6K | $1.2M | $182.7K |
| 2012 | $1M | $962K | $550.3K | $1.1M | $334.4K |
PDF not yet published by IRSView Filing → |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |