EIN 83-1815046

Collider Foundation

IRS 501(c) type
501(c)(3)
Num. employees
4
Year formed
2019
Most recent tax filings
2023-12-01
Description
The Collider Foundation supports entrepreneurship in Rochester with navigation, education, events, and storytelling. It provides low-cost office space to new and growing businesses through its Collider Coworking Space, which activates, connects, and empowers entrepreneurs by creating connections. The foundation believes in the power of storytelling to inspire and amplify the journeys of local business owners. It shares stories through articles, videos, and long-form documentaries.
Total revenues
$449,689
2023
Total expenses
$413,678
2023
Total assets
$295,133
2023
Num. employees
4
2023

Program areas at Collider Foundation

Colliders education centers around the delivery of CO.STARTERS cohorts to help people go from idea to next steps. These cohorts keep the process of starting a business simple and accessible, with the community in mind. CO.STARTERS is highly subsidized and delivered at low cost to the entrepreneur. Last year, 26 entrepreneurs graduated from CO.STARTERS cohorts. Colliders 1:1 startup support services are a confidential, completely free resource to help entrepreneurs refine their business ideas and connect them to the resources they need to grow. Last year, Collider assisted 81 entrepreneurs through this service. 47% of these individuals identified as BIPOC and 57% as women.
Collider believes in the power of storytelling to provide inspiration capital and to showcase the many pathways to entrepreneurship within the community. We share stories of local entrepreneurs through article, video, and podcast content. In 2023, we shared the stories of 33 entrepreneurs, 70% of which identified as gender or racial minorities.
Collider Foundation provided low-cost office space to new and growing businesses in the Rochester area through its Collider Coworking Space. This space works to activate, connect, and empower new and emerging entrepreneurs and businesses by connecting them to resource providers and mentors who are often co-located in the same space. A physical location to conduct business is often a significant barrier faced by emerging small businesses. The goal of the coworking space is to foster the growth of new companies in the Rochester area that will get their start in ColliderCoworking and then move on to their own brick-and-mortar location in the next few years.

Who funds Collider Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mayo ClinicSupport Charitable Purpose$100,000
Otto Bremer Trust (OBT)General Operations$40,000
AmazonSmile FoundationGeneral Support$82

Personnel at Collider Foundation

NameTitleCompensation
Amanda LeightnerExecutive Director$0
Corrie StrommenDirector of
Juliana SilvaDirector of Navigation
Traci DownsPresident$0
Lance ResnerTreasurer$0
...and 1 more key personnel

Financials for Collider Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$241,573
Program services$203,856
Investment income and dividends$4,260
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$449,689

Form 990s for Collider Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-18990View PDF
2022-122023-08-01990View PDF
2021-122022-05-09990View PDF
2020-122021-09-03990View PDF
Data update history
July 18, 2024
Posted financials
Added Form 990 for fiscal year 2023
December 25, 2023
Received grants
Identified 1 new grant, including a grant for $100,000 from Mayo Clinic
September 23, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 3, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Business and community development organizationsReal estate organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
Address
221 1st Ave SW Ste 610
Rochester, MN 55902
Metro area
Rochester, MN
County
Olmsted County, MN
Website URL
collider.mn/ 
IRS details
EIN
83-1815046
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
5313: Real Estate Services
Parent/child status
Independent
Free account sign-up

Want updates when Collider Foundation has new information, or want to find more organizations like Collider Foundation?

Create free Cause IQ account