B: Side Fund
Legal name: Bside Fund
Nonprofit profile at a glance
- EIN
- 843382379
- IRS 990 coverage
- 2020–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Denver, CO, US
- Phone
- 303.657.0010
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $675,881
- Expenses
- $876,534
- Assets
- $2,942,053
- Liabilities
- $2,605,987
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- CHRISTOPHER MYERS (CHIEF EXECUTIVE OFFICER)
- DANIEL RYLEY (PAST PRESIDENT (THRU 01/25))
- LUKE DAVIDSON (PAST PRESIDENT)
- SUSANA SALAMUN (PRESIDENT)
- AMY HILLMAN (VICE PRESIDENT)
Highest reported compensation
- CHRISTOPHER MYERS (CHIEF EXECUTIVE OFFICER): $431,795 total reported compensation
- KAROL JONES (CHIEF FINANCIAL OFFICER): $296,252 total reported compensation
- LAUREL WALK (CHIEF OPERATING OFFICER): $282,723 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
B: Side is a small business lender with over 35 years of experience supporting entrepreneurs, lenders, and brokers. We specialize in SBA and mission-driven financing solutions that help businesses grow, create jobs, and strengthen local economies—especially when traditional lending isn’t accessible.
What it reported doing in 2025
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.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 65
- Accountability: 87
- Sustainability: 30
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.8%; rating input score 94; 27th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -29.7%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 3.36; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.89; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 8.9%; rating input score 40; 40th percentile among comparable filings
Growth
- Program expense growth: 37.1% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 29.9% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: -4.6% per year; rating input score 0; 6th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 15 of 16 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $877K in reported program spending
- Leadership: top reported pay $432K · 21 people listed · 0 of 6 pay-setting controls reported
- Consistency: 23 of 23 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 6 filing years from 2020 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 4/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- Moderate — Sustainability: Officer compensation ratio scored 40/100.