Overview
What is Colorado Enterprise Fund?
Colorado Enterprise Fund is a Denver-based nonprofit organization dedicated to fueling economic growth and community prosperity by providing financing and support to entrepreneurs and small businesses, particularly those from low-income and minority backgrounds. This mission extends beyond mainstream banking capabilities and entrepreneurial networks. The organization specializes in loans up to $500,000 for both new and existing small businesses and social enterprises in Colorado. Colorado Enterprise Fund offers flexible financing products, personalized client support, one-on-one business coaching, and access to additional resources, catering to underserved entrepreneurs.
Official website here: www.coloradoenterprisefund.org
Is Colorado Enterprise Fund legitimate?
Colorado Enterprise Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Enterprise Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $360,951
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,774,883
For more financial information, click here
Official website here: www.coloradoenterprisefund.org
What is the mission statement of Colorado Enterprise Fund?
The Colorado Enterprise Fund is dedicated to fostering community prosperity by providing financing and support to entrepreneurs and small businesses. This organization specializes in extending financial options to entrepreneurs who are unable to secure funding from mainstream banks or lack access to entrepreneurial networks. The Colorado Enterprise Fund focuses on loans of up to 500,000 for both new and existing small businesses and social enterprises. By offering flexible financing products, personalized client support, one-on-one business coaching, and access to additional resources, the Colorado Enterprise Fund plays a crucial role in catalyzing business ownership and job creation, particularly for underrepresented entrepreneurs.
Official website here: www.coloradoenterprisefund.org
Who is the CEO of Colorado Enterprise Fund?
Cecilia Prinster is the President An of Colorado Enterprise Fund.
Official website here: www.coloradoenterprisefund.org
What is the revenue of Colorado Enterprise Fund?
Colorado Enterprise Fund's revenue in 2022 was $16,879,154.
Official website here: www.coloradoenterprisefund.org
Who are the executives of Colorado Enterprise Fund and what are their salaries?
The average compensation at Colorado Enterprise Fund during 2022 was $68,898. There are 31 employees and 16 volunteers at Colorado Enterprise Fund.
Here are 11 key members and their salaries:
- Cecilia Prinster (President An)
- Dave Mesko (Cfo & Cao)
- Brian Peagler (Chair) [Trustee/Director]
- Andrew Rubin (V Chair, Sec) [Trustee/Director]
- Paul Bunyard (Treasurer) [Trustee/Director]
- Izzy Abbass (Director)
- Ed Briscoe (Director)
- Mizraim Cordero (Director)
- Haroun Cowens (Director)
- Susan Graf (Director)
- Wes Parham (Director)
Official website here: www.coloradoenterprisefund.org
Where can I find the form 990 for Colorado Enterprise Fund?
The Colorado Enterprise Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.coloradoenterprisefund.org
Learn more at the official website: www.coloradoenterprisefund.org
Mission Statement of Colorado Enterprise Fund
Colorado Enterprise Fund, a key player in community development, is dedicated to fueling prosperity by financing and supporting entrepreneurs and small businesses that face challenges in accessing mainstream banking and entrepreneurial networks. The organization, in particular, focuses on low-income and minority small business owners, recognizing their unique position and untapped potential in the business landscape.
Colorado Enterprise Fund provides essential financial options for those who may not qualify for loans or do not receive enough funding from banks. The fund specializes in loans up to $500,000 for both new and existing small businesses and social enterprises across Colorado. By offering flexible financing products, personalized client support, one-on-one business coaching, and access to additional resources, Colorado Enterprise Fund plays a pivotal role in catalyzing business ownership and job creation for underserved entrepreneurs.
Colorado Enterprise Fund's mission is twofold: it bridges the gap in access to capital, and it builds the capacity of individuals who might otherwise be excluded from entrepreneurial opportunities. By providing financing when banks cannot, Colorado Enterprise Fund empowers small business owners to grow their ventures and contribute positively to their communities. This, in turn, leads to job creation and stronger local economies.
Additionally, Colorado Enterprise Fund offers diverse support services beyond financial assistance. These services include personalized business coaching and access to a vast network of resources, ensuring that entrepreneurs have the best possible chance of success in their endeavors. In doing so, Colorado Enterprise Fund contributes significantly to the economic growth and resilience of Colorado's communities.
Impact
This information is meant to be a general summary of Colorado Enterprise Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Colorado Enterprise Fund accelerates community prosperity by financing and supporting entrepreneurs and small businesses in Denver, Colorado. Their small business loan program aggregates and leverages capital to spur investment and build capacity for those who are excluded from mainstream bank financing and entrepreneurial networks, particularly targeting low-income and minority small business owners. CEF provides financing options up to $500,000 for new and existing small businesses and social enterprises throughout Colorado. By offering flexible financing products, personalized client support, one-on-one business coaching, and access to additional resources, CEF catalyzes business ownership and job creation for underserved entrepreneurs, contributing significantly to the economic growth and development of the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$2,304,360
LOAN ORIG/SVC FEES
Revenue
$852,225
NEW MARKET TAX CREDIT PROGRAM
Revenue
$776,608
GRANT ADMIN. FEES
Revenue
$485,901
Organization Details
Founding Year
1976
Phone
(303) 860-0242
Principal Officer
Cecilia Prinster
Main Address
1888 SHERMAN STREET SUITE 530, DENVER, CO, 80203
NTEE Category
Code: S31Z - Community improvement
If you are a representative of Colorado Enterprise Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.