2024-11-11T16:56:08-06:00 2023-09-30 840702965 WhippleWood CPAs PC 11852 Shaffer Dr Bldg B Littleton CO 80127 990 2022-10-01 263218152 Rocky Mountain Microfinance ROCK 7209415037 1209 W 10th Ave Denver CO 80204 Jessica Sveen CEO 7209415037 2024-11-11 1 1 Mitchell A Clark CPA P01823166 3039897600 2024-11-08 2022 2024-10-15 13:58:12Z Jessica Sveen 2825207 0 X www.RMMFI.org X 2008 CO rocky 12 12 36 274 0 0 3523133 2792651 13316 10688 3593 21868 0 0 3540042 2825207 18000 290500 33271 0 1954133 2590359 0 0 264997 410535 562890 2415939 3443749 1124103 -618542 4399998 3833899 507480 559923 3892518 3273976 RMMFI CREATES THE SPACE FOR COMMUNITIES AND PEOPLE OF ALL BACKGROUNDS TO REALIZE THEIR UNIQUE POTENTIAL THROUGH THE POWER OF ENTREPRENEURSHIP. RMMFI INVESTS IN ENTREPRENEURS' PERSONAL AND BUSINESS DEVELOPMENT THROUGH A PROVEN MIX OF CLASSROOM, COACHING 0 0 2777407 290500 IDEA- EVERY ENTREPRENEUR'S JOURNEY STARTS WITH AN IDEA. WHETHER IN BUSINESS FOR A WHILE AND HAVEN'T SEEN THE RESULTS THEY'VE WANTED OR HAVE MULTIPLE IDEAS AND CAN'T DECIDE WHICH TO PURSUE, THE IDEA PHASE OF RMMFI'S PROGRAMMING HELPS BUILD THE FOUNDATIONS NEEDED FOR SUCCESS. INIDEA, QUALIFIED ENTREPRENEURS CAN RECEIVE: COHORT-BASED PROGRAMMING,MENTORSHIP, AND SEED CAPITAL.LAUNCH - AFTER COMPLETING THE IDEA PHASE, RMMFI INVITES QUALIFIEDENTREPRENEURS TO CONTINUE THEIR BUSINESS JOURNEY IN THE LAUNCH PHASE.JUST LIKE IT SOUNDS, LAUNCH IS ALL ABOUT HELPING GET BUSINESSES UP ANDRUNNING WITH AN ACTIONABLE PLANS AND ALL THE TOOLS AND SUPPORT THEYNEED. THE LAUNCH PHASE BEGINS WITH BUSINESS LAUNCH BOOT CAMP, A 2777407 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 36 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CO X The Organization 7209415037 PO Box 48138 Denver CO 80204 Abbey O' Neal Chair 3.00 X X 0 0 0 Ravi Duggirila Chair Elect 3.00 X X 0 0 0 Jay Whisenton Secretry 3.00 X X 0 0 0 Deanna Mettler Treasurer 2.00 X 0 0 0 Chris Coble Exec Committee Member at L 2.00 X 0 0 0 Edgar Aguilar Member 2.00 X 0 0 0 Rebecca Darling Member 2.00 X 0 0 0 Justin Ball Member 2.00 X 0 0 0 Katie Genova Member 2.00 X 0 0 0 Miles Williams Member 2.00 X 0 0 0 Sandra Ortega Member 2.00 X 0 0 0 Kelli Daniels Member 2.00 X 0 0 0 Jessica Sveen CEO 50.00 X 94125 0 0 94125 0 0 0 0 0 0 0 1493586 1299065 2792651 Business Class Income 611430 7262 7262 Loan Collection Income 611430 3426 3426 10688 21868 21868 2825207 10688 0 21868 290500 290500 94125 75300 11295 7530 2496234 2013850 290456 191928 33773 27238 3934 2601 50542 40762 5888 3892 67185 54186 7826 5173 18834 15190 2194 1450 2230 1783 447 15177 12245 1763 1169 Direct Program Payments 220545 121663 59532 39350 Staff Development 62755 50613 7310 4832 Capacity Building 45134 36401 5258 3475 Development Fees 28887 23298 3365 2224 17828 14378 2077 1373 3443749 2777407 401345 264997 2637751 2081181 992564 869594 544720 544573 6200 9700 204896 296085 11637 188016 188016 2230 0 0 32766 4399998 3833899 57480 177157 450000 350000 0 32766 507480 559923 X 1753780 1644328 2138738 1629648 3892518 3273976 4399998 3833899 -618542 0 X 0 0 0 X 1117359 2318374 2312226 3523133 2719151 11990243 1117359 2318374 2312226 3523133 2719151 11990243 11990243 928 2155 1570 3593 21868 30114 12020357 0.99750 0.99900 X 160442 160442 0 27574 27574 0 0 Lease Liabilities 32766 32766 X 2825207 0 2825207 0 2825207 3443749 0 3443749 0 3443749 Part X, Line 2: The Organization follows the Accounting for Uncertainty in Income Taxes accounting standard, which requires the Organization to determine whether a tax position (and related tax benefit) is more likely than not to be sustained upon examination by the applicable taxing authority, based solely on the technical merits of the position. The Organization believes that it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax postions that are significant to the financial statements, or which may effect RMMFI's tax exempt status. 1 0 1 Form 990, Schedule I, Part I Line 2 Entrepreneur grants are structured as working capital grants that entrepreneurs may use for startup costs, equipment, supplies, or other business expenses. The main way RMMFI verifies it's for business purposes is by funding to the business bank account. Before entrepreneurs receive the grant, they provide a proposal of how they intend to use the funds, but since it's a working capital grant, there is no specific use of funds requirement. Form 990, Part VI, Section A, line 8b Not applicable to the organization. No sub commitees operate on behalf of the organzaiton. Form 990, Part VI, Section B, line 11b THE FORM 990 WAS PREPARED BY AN INDEPENDENT CPA FIRM. THE EXECUTIVE DIRECTOR REVIEWED THE 990 IN DETAIL, AND THEN PROVIDED THE BOARD WITH A COPY FOR THEIR REVIEW BEFORE THE RETURN WAS FILED WITH THE IRS. Form 990, Part VI, Section B, line 12c EACH YEAR BOARD MEMBERS REVIEW AND SIGN A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY POTENTIAL CONFLICTS. THE BOARD OF DIRECTORS, AS WELL AS THE EXECUTIVE DIRECTOR, ARE RESPONSIBLE FOR OVERSEEING THE POLICY. IF ACONFLICT OF NOTE SHOULD ARISE, IT WOULD BE ADDRESSED IN THE APPROPRIATE FORUM (BOARD MEETING, MANAGEMENT MEETING, OR TEAM MEETING) BY THE INDEPENDENT PARTIES PRESENT, AND A RESOLUTION WOULD BE DEFINED FOR HOW TO HANDLE THE CONFLICT. Form 990, Part VI, Section B, line 15 IN DETERMINING COMPENSATION AND BENEFITS FOR THE EXECUTIVE DIRECTOR AND OTHER DIRECTORIAL POSITIONS, THE INDEPENDENT MEMBERS OF THE BOARD REVIEWED COMPARABILITY DATA OF OTHER SIMILAR NON-PROFIT ORGANIZATIONS. ALL COMPENSATION RELATED DECISIONS AND DELIBERATIONS ARE DOCUMENTED IN THE BOARD MINUTES. IN DETERMINING COMPENSATION AND BENEFITS FOR THE EXECUTIVE DIRECTOR AND OTHER DIRECTORIAL POSITIONS, THE INDEPENDENT MEMBERS OF THE BOARD REVIEWED COMPARABILITY DATA OF OTHER SIMILAR NON-PROFIT ORGANIZATIONS. ALL COMPENSATION RELATED DECISIONS AND DELIBERATIONS ARE DOCUMENTED IN THE BOARD MINUTES. Form 990, Part VI, Section C, line 18 A copy of the 990 tax return is available for public review upon request of the organization. Form 990, Part VI, Section C, line 19 The organization makes documents related to governance, conflict of interest and financial statements available upon request of the organization.