Nonprofit · EIN 82-2707012
EXPONENTIAL IMPACT
Tax-exempt · COLORADO SPRINGS, CO 80907
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $832,992 | $842,665 | -$9,673 | $5,149,303 | $553,615 | $4,595,688 |
| December 31, 2024 | 990 | $2,153,332 | $800,507 | $1,352,825 | $5,295,573 | $683,271 | $4,612,302 |
| December 31, 2023 | 990 | $652,358 | $591,959 | $60,399 | $4,055,793 | $2,188,860 | $1,866,933 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $714,830
- of which government grants
- $335,624
- Program service revenue
- $18,876
- Investment income
- $99,286
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $63,909
- Compensation of officers, directors and key employees
- $110,126
- Other salaries and wages
- $297,769
- Salaries, compensation and benefits (total)
- $479,550
- Professional fundraising fees
- $0
- Legal fees
- $10,336
- Accounting fees
- $27,705
- Occupancy
- $67,276
- Travel
- $8,357
- Depreciation
- $65,383
- Program services (functional)
- $683,441
- Management and general (functional)
- $134,015
- Fundraising (functional)
- $25,209
Balance sheet and other
- Total assets, start of year
- $5,295,573
- Total assets, end of year
- $5,149,303
- Total liabilities, end of year
- $553,615
- Net assets, end of year
- $4,595,688
- Land, buildings and equipment
- $246,100
- Net assets without donor restrictions
- $1,259,218
- Net assets with donor restrictions
- $3,336,470
- Gross receipts
- $832,992
- Employees
- 13
- Volunteers
- 50
- Year formed
- 2017
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Max Cupp | Executive Director Officer | 40 | $100,000 | $10,126 |
| Jay Jesse | President Trustee or director, Officer | 1 | $0 | $0 |
| Maureen Lawrence | Vice President (part year) Trustee or director, Officer | 1 | $0 | $0 |
| Sarah Jane Maxted | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Leif Ullman | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Angela Mader Hartshorn | Member Trustee or director | 1 | $0 | $0 |
| Yemi Mobolade | Member Trustee or director | 1 | $0 | $0 |
| Vance Brown | Member Trustee or director | 1 | $0 | $0 |
| Chris Jenkins | Member Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Vance Brown | Executive Director, Member Trustee or director, Officer | 40 | $48,782 | $11,178 |
| Max Cupp | Executive Director Officer | 40 | $50,167 | $4,651 |
| Jay Jesse | President Trustee or director, Officer | 1 | $0 | $0 |
| Maureen Lawrence | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Leif Ullman | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Sarah Jane Maxted | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Angela Mader Hartshorn | Member Trustee or director | 1 | $0 | $0 |
| Yemi Mobolade | Member Trustee or director | 1 | $0 | $0 |
| Hannah Parsons | Member (part year) Trustee or director | 1 | $0 | $0 |
| Betsy Brown | Member (part year) Trustee or director | 1 | $0 | $0 |
| Chris Jenkins | Member Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VANCE BROWN | EXECUTIVE DIRECTOR Officer | 40 | $70,000 | $18,594 |
| BETSY BROWN | MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS JENKINS | MEMBER Trustee or director | 1 | $0 | $0 |
| JAY JESSE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LEIF ULLMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MAUREEN S LAWRENCE | MEMBER Trustee or director | 1 | $0 | $0 |
| YEMI MOBOLADE | MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH JANE MAXTED | MEMBER Trustee or director | 1 | $0 | $0 |
| HANNAH PARSONS | MEMBER Trustee or director | 1 | $0 | $0 |
| DR EMILY SPRATT | MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF GREEN | MEMBER Trustee or director | 1 | $0 | $0 |
| KYLE HYBL | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3650 NORTH NEVADA AVE, COLORADO SPRINGS, CO 80907-5344
- In care of
- % VANCE BROWN
- Principal officer (990 for 2025)
- Max Cupp, 3650 N Nevada Ave, Colorado Springs, CO 80907
- Signed the 990
- Max Cupp, Executive Director
- Phone
- (517) 242-1439
- Return prepared by
- BiggsKofford Advisors LLC
Mission
To develop the best entrepreneurs humanly possible. XI advances its mission through a dual focus on emerging technology and community impact. Each track serves a distinct group of businesses and entrepreneurs in the pikes peak region with programs that address each group's unique challenges and opportunities for growth.
Program accomplishments
- Accelerator - offers multiple rigorous holistic 12-week programs to support founders at every stage for emerging technology startups, from start to scale. During 2025, XI successfully ran a spring and fall accelerator program and served 17 startups. Each program lasts 12 weeks, where the startups received one-in-one mentorship and access to resources and tools to support their growth.Expenses $361,385 · revenue $18,876
- Survive & Thrive - provides funding, mentorship, and programming for Colorado Springs-based entrepreneurs. During 2025, XI successfully ran 2 Survive & Thrive cohorts and served 28 small businesses. During the 8-week program, XI provides small business access to low interest loans, mentorship, and curated curriculum.Expenses $322,056 · grants $63,909
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-2707012
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $5,149,303
- Income (IRS master file)
- $832,992
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $832,992 | $842,665 | $5,149,303 | XML |
| 990 | December 2024 | $2,153,332 | $800,507 | $5,295,573 | XML |
| 990 | December 2023 | $652,358 | $591,959 | $4,055,793 | XML |
| 990 | December 2022 | $3,043,599 | $1,979,926 | $3,778,747 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2707012).
Questions about EXPONENTIAL IMPACT
- What is the EIN of EXPONENTIAL IMPACT?
- The employer identification number (EIN) of EXPONENTIAL IMPACT is 82-2707012.
- Is EXPONENTIAL IMPACT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to EXPONENTIAL IMPACT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EXPONENTIAL IMPACT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EXPONENTIAL IMPACT due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EXPONENTIAL IMPACT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of EXPONENTIAL IMPACT?
- The 990 for the year ended December 31, 2025 names Max Cupp.
- Who are the officers and directors of EXPONENTIAL IMPACT?
- The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $100,000 (Max Cupp, Executive Director).
- How much revenue does EXPONENTIAL IMPACT have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $832,992, expenses of $842,665 and total assets of $5,149,303 at year end.
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All nonprofits in COLORADO SPRINGS · Colorado · Community improvement and capacity building