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EIN 82-2707012

Exponential Impact

IRS 501(c) type
501(c)(3)
Num. employees
14
City
Colorado Springs
State
Colorado
Year formed
2017
Most recent tax filings
2023-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
To connect entrepreneurs with educational resources, training, mentorship, access to capital, and a shared operating space in the Colorado Springs region. To develop the best entrepreneurs humanly possible.
Total revenues
$652,358
2023
Total expenses
$591,959
2023
Total assets
$4,055,793
2023
Num. employees
14
2023

Program areas at Exponential Impact

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. In 2023, xi ran two accelerator programs and one survive and thrive cohort. Xi successfully ran a spring and fall accelerator program and served 18 startups. Each program lasted twelve weeks, where the startups received one-on-one mentorship and access to resources and tools to support their growth. Along with the accelerator program, xi ran a survive and thrive cohort in summer 2023. During the eight week program, xi provided small businesses access to low interest loans, mentorship, and curated curriculum.

Grants made by Exponential Impact

GranteeGrant descriptionAmount
Pikes Peak Auto Hill Climb Educational Museum Pikes Peak Auto Hill Climb Educational MGeneral Support$50,000
Broadmoor World ArenaGeneral Support$50,000
Colorado Springs Sports CorporationGeneral Support$50,000
...and 2 more grants made

Who funds Exponential Impact

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The John E and Margaret L Lane FoundationSurvive and Thrive Donation$490,565
Foundation of the HeartTo Further Christian Ministry$100,000
Pikes Peak Community Foundation (PPCF)HS: Economic Vitality$50,000
...and 1 more grant received

Personnel at Exponential Impact

NameTitleCompensation
Max CuppExecutive Director
Vance BrownBoard Member$34,981
Rachael MaxwellDirector of Operations and Finance
Coral LaskiDirector of Programs
Aaron BellotProgram Manager
...and 4 more key personnel

Financials for Exponential Impact

RevenuesFYE 12/2023
Total grants, contributions, etc.$642,499
Program services$0
Investment income and dividends$9,859
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$652,358

Form 990s for Exponential Impact

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-14990View PDF
2021-122022-11-08990View PDF
2020-122021-11-11990View PDF
2019-122021-04-01990View PDF
...and 2 more Form 990s
Data update history
January 5, 2025
Used new vendors
Identified 1 new vendor, including
January 3, 2025
Received grants
Identified 1 new grant, including a grant for $490,565 from The John E and Margaret L Lane Foundation
September 23, 2024
Updated personnel
Identified 5 new personnel
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from Pikes Peak Community Foundation (PPCF)
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from Thrivers Foundation
Nonprofit Types
Grantmaking organizationsEmployment organizationsBusiness and community development organizationsCharities
Issues
EducationBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
3650 N Nevada Ave
Colorado Springs, CO 80907
Metro area
Colorado Springs, CO
County
El Paso County, CO
Website URL
exponentialimpact.com/ 
Phone
(517) 242-1439
IRS details
EIN
82-2707012
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
611430: Professional and Management Development Training
Parent/child status
Independent
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