Boulder SBDC Foundation Co Jones & Associates PC
Nonprofit profile at a glance
- EIN
- 832726814
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Boulder, CO, USA
- Phone
- 7202074303
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $835,928
- Expenses
- $542,975
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Highest reported compensation
- Sharon King (Exec. Director): $68,750 total reported compensation
- Rachel Garcia (Program Director): $46,600 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Boulder Small Business Development Center (SBDC) is a hands-on, economic development and business assistance nonprofit whose mission is to support the growth and resiliency of small businesses in Boulder County by providing free business consulting, practical workshops & events and connection to resources, including financing. The SBDC helps all types of small businesses - from startups through 2nd stage, from Main Street through highly scalable technology ventures.
What it reported doing in 2024
Special Impact ProgramsCOVID Pandemic Recovery - ARPA/SLFRFBusiness educational programs and technical support for the recovery of small businesses due to the COVID pandemic continued throughout 2023. This included basic business workshops and one-on-one confidential consulting, as well as specialized topics to help businesses to rebuild their customer bases. Accelerated Growth Program - EMRAC/Insight - Market Research Statewide ProgramThe State of Colorado legislators funded this specially-designed program to support the recovery and growth of small businesses throughout the state. Built on the foundation of accessing market research data to inform strategic business decisions, we developed and produced five online learning modules that small business owners would work through (including tests and "homework"). In parallel with the online training, the team held one-on-one consulting meetings with the business owners to provide insights and additional research as they made their growth decisions. As part of this program, 18 consultants were trained to use the market research tools and to assist the businesses. Those consultants will continue to work with SBDC small businesses, statewide.
Operating model
- Revenue model
- Grant-funded. 84% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 82
- Accountability: 28
- Sustainability: 42
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 53.1%; rating input score 53
- Program expense ratio: 81.7%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 35%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 21.2%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 0.1% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 3.4% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: -16% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 53.1% of revenue deployed · 81.7% of spending went to programs
- Governance: 0 of 3 board members independent · 6 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $444K in reported program spending
- Leadership: top reported pay $69K · 4 people listed
- Consistency: 20 of 21 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 53/100.
- High — Accountability: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 13/100.