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Energize Colorado Inc

EIN 85-1446446 · Boulder, CO

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair53 out of 100GovernanceGood77 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

WE FOSTER RESILIENCY IN UNDERINVESTED BUSINESS COMMUNITIES ACROSS COLORADO BY INNOVATIVELY ADDRESSING CAPITAL GAPS. AT ENERGIZE COLORADO, WE ENVISION A FUTURE WHERE WE ARE THE GO-TO DESTINATION FOR BUSINESS OWNERS SEEKING COMPREHENSIVE TECHNICAL ASSISTANCE AND CAPITAL SOLUTIONS. OUR COMMITMENT IS TO HELP CLOSE THE CAPITAL GAP IN COLORADO, POSITIONING OURSELVES AS INDUSTRY LEADERS IN SMALL BUSINESS INNOVATION. WE ASPIRE TO CULTIVATE THE MOST RESILIENT BUSINESSES IN THE STATE, CHARTING A PATH TOWARD LASTING ECONOMIC RESILIENCY AND SUSTAINABILITY.

Income
$1.3 million
Spending
$2.6 million
Spent on programs
72%
Reserves
8.4 months of spending
Largest source of income
fees for its services, 68%
Employees
7
Volunteers
14
Highest pay
$152,848, chief executive officer

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 53 out of 100. Higher than 25% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    28 of 35

    Spendable reserves would cover 8.4 months of spending.

  • Debt

    2 of 20

    It owes 88% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 104% of income.

  • Income trend

    15 of 15

    Income rose 95% on the year before.

  • Spending floor

    8 of 15

    72% of spending went to programs and raising each dollar of donations cost 43 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 77 out of 100. Higher than 27% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $1.9 million spent. ENERGIZE COLORADO'S SMALL BUSINESS LENDING PROGRAM IS DESIGNED TO PROVIDE FLEXIBLE AND BELOW MARKET-RATE LOANS TO HISTORICALLY UNDERINVESTED ENTREPRENEURS. LOANS RANGE BETWEEN $5,000 AND $150,000 WITH INTEREST RATES BETWEEN 3.6% AND 8.25% AND TERMS OF UP TO FIVE YEARS. TERMS ARE DEPENDENT ON APPLICANT FINANCIALS, COLLATERAL, AND THE LENGTH IN WHICH THE BUSINESS HAS BEEN IN OPERATION. TO ENSURE CAPITAL IS DEPLOYED IN LINE WITH OUR MISSION, ENERGIZE COLORADO PROVIDES DEDICATED TECHNICAL ASSISTANCE, MENTORSHIP, AND EDUCATION RELATED TO CAPITAL ACCESS AND BUSINESS GROWTH STRATEGIES.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2020.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.