2024-09-12T16:05:26-05:00 2023-12-31 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2023-01-01 843382379 BSIDE FUND BSID 3036570010 3350 BRIGHTON BLVD SUITE 235 DENVER CO 80216 KAROL JONES CFO 3036570010 2024-09-12 1 1 KATY BROWN P00650274 9257902600 2024-09-12 2023 2024-08-08 14:25:15Z X CHRISTOPHER MYERS 3350 BRIGHTON BLVD SUITE 235 DENVER CO 80216 1297055 0 X WWW.BSIDEFUND.ORG X 2020 CO TO PROMOTE ECONOMIC DEVELOPMENT IN AND FOSTER ECONOMIC GROWTH OF DIVERSE SMALL BUSINESSES. 16 15 0 43 0 0 251275 1204431 0 0 17916 91473 413 1151 269604 1297055 153775 334693 0 0 0 0 0 0 0 233014 613350 386789 948043 -117185 349012 778900 1999261 821163 1692512 -42263 306749 TO PROMOTE ECONOMIC DEVELOPMENT IN AND FOSTER ECONOMIC GROWTH OF DIVERSE SMALL BUSINESSES. 0 0 947174 334693 THE MISSION OF THE CORPORATION IS TO FOSTER AND STIMULATE THE PROSPERITY AND ECONOMIC WELFARE OF DIVERSE SMALL BUSINESSES CREATING SUSTAINABLE, LIVING-WAGE JOBS WITHIN UNDERSERVED COMMUNITIES. THIS IS ACHIEVED THROUGH OUR LOAN PROGRAM OFFERING BUSINESSES LOANS AT AFFORDABLE RATES 947174 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 40 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X KAROL JONES CFO 3036570010 3350 BRIGHTON BLVD SUITE 235 DENVER CO 80216 CHRISTOPHER MYERS CHIEF EXECUTIVE OFFICER 6.00 34.00 X X 0 357019 1030 TOM FRANCIS PAST PRESIDENT 1.00 1.00 X X 0 0 0 DANIEL RYLEY PRESIDENT 1.00 1.00 X X 0 0 0 LUKE DAVIDSON VICE PRESIDENT 1.00 1.00 X X 0 0 0 SUSANA SALAMUN TREASURER 1.00 1.00 X X 0 0 0 AMY HILLMAN SECRETARY 1.00 1.00 X X 0 0 0 SAM BAILEY BOARD MEMBER 1.00 1.00 X 0 0 0 MATTHEW BRUNKOW BOARD MEMBER 1.00 1.00 X 0 0 0 RYAN FLANDERS BOARD MEMBER 1.00 1.00 X 0 0 0 TODD GUYMON BOARD MEMBER 1.00 1.00 X 0 0 0 ADAM KINNEY BOARD MEMBER 1.00 1.00 X 0 0 0 JOEL KROMINGA BOARD MEMBER 1.00 1.00 X 0 0 0 KATHE MEHLBACH BOARD MEMBER 1.00 1.00 X 0 0 0 JILL MENDOZA BOARD MEMBER 1.00 1.00 X 0 0 0 JESSEN PERKO BOARD MEMBER (THRU 01/23) 1.00 1.00 X 0 0 0 KYLE SICKMAN BOARD MEMBER 1.00 1.00 X 0 0 0 DRE THOMPSON BOARD MEMBER 1.00 1.00 X 0 0 0 KAROL JONES CHIEF FINANCIAL OFFICER 8.00 32.00 X 0 237808 28174 LAUREL WALK CHIEF OPERATING OFFICER 6.00 34.00 X 0 227808 25527 0 822635 54731 0 0 1 0 0 795759 406172 2500 1204431 91473 91473 OTHER INCOME 900099 1151 1151 1151 1297055 0 0 92624 334693 334693 409973 409973 20000 20000 42601 42601 869 869 6654 6654 BAD DEBT EXPENSE 133253 133253 948043 947174 869 0 266431 1127094 26103 6757 470857 865410 15509 778900 1999261 5705 0 13039 312689 303505 502769 1375968 821163 1692512 X -109184 193591 66921 113158 -42263 306749 778900 1999261 349012 0 X 0 1 X 1 0 X 108225 40868 251275 1204431 1604799 108225 40868 251275 1204431 1604799 825133 779666 5681 6692 17916 91473 121762 413 1151 1564 1728125 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO BSIDE CAPITAL 360915 CSLF GRANT CAPITAL 11532 CSLF LOAN CAPITAL 1000000 CDFI TA 3521 1375968 X PART X, LINE 2: B:SIDE FUND IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE FASB ASC TOPIC, INCOME TAXES. THE TOPIC PRESCRIBES A MORE-LIKELY-THAN-NOT THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN (OR EXPECTED TO BE TAKEN) IN A TAX RETURN. THE TOPIC ALSO PROVIDES GUIDANCE ON DERECOGNITION OF INCOME TAX ASSETS AND LIABILITIES, CLASSIFICATION OF CURRENT AND DEFERRED INCOME TAX ASSETS AND LIABILITIES, ACCOUNTING FOR INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS, ACCOUNTING FOR INCOME TAXES IN INTERIM PERIODS AND INCOME TAX DISCLOSURES. 1 COLORADO STARTUP LOAN FUND GRANT TO SMALL BUSINESS OWNERS 51 334693 PART I, LINE 2: THE ORGANIZATION HAS A GRANT PROCESS THAT WAS DESIGNED AT THE START OF THE PROGRAM AND REVIEWED/APPROVED BY OUR FUNDING PARTNER (STATE OF COLORADO). THE GRANT PROCESS / GUIDELINES SPECIFY WHICH BUSINESSES ARE ELIGIBLE TO APPLY, WHAT DOCUMENTATION THAT NEEDS TO BE COLLECTED AND RETAINED IN THE FILE. IF A GRANT APPLICANT IS UNABLE TO PROVIDE THE REQUIRED DOCUMENTATION, THEIR GRANT REQUEST IS DECLINED. ONCE DOCUMENTATION IS COLLECTED BY THE TEAM, IT IS REVIEWED BY THE DIRECTOR BEFORE A GRANT APPROVAL IS SENT TO THE APPLICANT. ONCE THE FINAL DOCUMENTS ARE COLLECTED, OUR TEAM LETS THE FINANCE TEAM KNOW THE GRANT IS READY FOR FUNDING. 0 0 0 0 0 0 0 0 0 CHRISTOPHER MYERS CHIEF EXECUTIVE OFFICER 0 274519 0 82500 0 0 0 0 0 1030 0 358049 0 0 KAROL JONES CHIEF FINANCIAL OFFICER 0 189808 0 48000 0 0 0 14268 0 13906 0 265982 0 0 LAUREL WALK CHIEF OPERATING OFFICER 0 189808 0 38000 0 0 0 11621 0 13906 0 253335 0 0 SCHEDULE J, PART 1: THE ORGANIZATION'S CEO, CFO, AND AND COO ARE COMPENSATED BY A RELATED ORGANIZATION, B:SIDE CAPITAL, WHICH ESTABLISHES THE COMPENSATION THROUGH APPROVAL BY THE BOARD/COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MADE THE FOLLOWING CHANGES TO THEIR BYLAWS: - THE CEO, CFO, AND COO ARE NOW RECOGNIZED AS OFFICERS OF THE ORGANIZATION. - THE MAXIMUM BOARD TERM IS EXTENDED IF REQUIRED WITH A MEMBER OF THE BOARD SERVES IN AN OFFICER ROLE. -OFFICER DESCRIPTIONS FOR PRESIDENT AND TREASURER TO REFLECT CURRENT RESPONSIBILITIES AND INTERACTION WITH CEO AND CFO FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO 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 BSIDE CAPITAL 3350 BRIGHTON BLVD SUITE 235 DENVER CO 80216 841171311 LENDING CO 501(C)(6) 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 BSIDE CAPITAL M 420000 CONTRACT/AGREEMENT BSIDE CAPITAL E 360915 YEAR END BALANCE BSIDE CAPITAL P 182847 BOOK VALUE BSIDE CAPITAL C 795759 CONTRACT/AGREEMENT