Exponential Impact
Nonprofit profile at a glance
- EIN
- 822707012
- IRS 990 coverage
- 2017–2025
- Forms available
- Form 990 2025
- Location
- Colorado Springs, CO, USA
- Phone
- 5172421439
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Small Business Development
Reported finances
- Revenue
- $832,992
- Expenses
- $842,665
- Assets
- $5,149,303
- Liabilities
- $553,615
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Jay Jesse (President)
- Maureen Lawrence (Vice President (part year))
- Max Cupp (Executive Director)
Highest reported compensation
- Max Cupp (Executive Director): $110,126 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2025
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.
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 91% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 94
- Accountability: 90
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.2%; rating input score 84
- Program expense ratio: 81.1%; rating input score 81
- Fundraising efficiency: $28.36 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.2%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 6.11; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 13.1%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: 13.8% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 16.9% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 27.6% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: 84.2% of revenue deployed · 81.1% of spending went to programs
- Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $683K in reported program spending
- Leadership: top reported pay $110K · 9 people listed
- Consistency: 35 of 35 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 8 filing years from 2017 to 2025
- Contacts: How to reach this organization
- Money network: 3 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 27/100.
- High — Sustainability: Officer compensation ratio scored 29/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.