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RMMFI invests in entrepreneurs' personal and business development through a proven mix of classroom, coaching, capital, and community. Since 2008, RMMFI has supported the launch or expansion of more than 300 businesses in Colorado, 90% of which are owned by women and/or people of color, and lent over $878,000 through more than 300 loans with a 94% repayment rate.Intentionally built along the Idea, Launch, and Thrive business incubator pathway, RMMFI's programs help entrepreneurs build strong foundations in both their businesses and their lives. RMMFI's holistic approach brings people, businesses, and communities together to allow individuals to tap into the social and economic benefits of business ownership and create impact for their business, their household, and their community.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$3M
Program Spending
81%
of total expenses go to program services
Total Contributions
$3M
Total Expenses
▼$4.3M
Total Assets
$2.8M
Total Liabilities
▼$700.8K
Net Assets
$2.1M
Officer Compensation
→N/A
Other Salaries
$3.3M
Investment Income
$30.4K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.1M
Awards Found
7
Department of the Treasury
$300K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH TECHNICAL ASSISTANCE AWARDS TO BUILD THE CAPACITY OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND EMERGING CDFIS. PLANNED ACTIVITIES TECHNICAL ASSISTANCE MUST BE USED FOR THE FOLLOWING ELIGIBLE ACTIVITIES SUBJECT TO THE APPLICABLE PROVISIONS OF THE UNIFORM REQUIREMENTS COMPENSATION PERSONAL SERVICES, COMPENSATION FRINGE BENEFITS, PROFESSIONAL SERVICE COSTS, TRAVEL COSTS, TRAINING AND EDUCATION COSTS, EQUIPMENT, SUPPLIES, AND INCORPORATION COSTS (SPONSORING ENTITIES ONLY). END GOALS: THE GOAL OF THE TECHNICAL ASSISTANCE IS TO BUILD CERTIFIED AND EMERGING CDFI’S ORGANIZATIONAL CAPACITY TO SERVE ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$125K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND EMERGING CDFIS. ACTIVITIES TO BE PERFORMED: TECHNICAL ASSISTANCE MUST BE USED FOR THE FOLLOWING ELIGIBLE ACTIVITIES SUBJECT TO THE APPLICABLE PROVISIONS OF THE UNIFORM REQUIREMENTS: COMPENSATION ? PERSONAL SERVICES, COMPENSATION ? FRINGE BENEFITS, PROFESSIONAL SERVICE COSTS, TRAVEL COSTS, TRAINING AND EDUCATION COSTS, EQUIPMENT, SUPPLIES, AND INCORPORATION COSTS (SPONSORING ENTITIES ONLY). END GOAL/EXPECTED OUTCOMES: THE GOAL OF THE TECHNICAL ASSISTANCE IS TO BUILD CERTIFIED AND EMERGING CDFI?S ORGANIZATIONAL CAPACITY TO SERVE ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW-INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. INTENDED BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENT ACTIVITIES: ONLY IN THE CASE WHERE A CDFI DEPOSITORY INSTITUTION HOLDING COMPANY APPLICANT INTENDS TO CARRY OUT THE ACTIVITIES OF AN AWARD THROUGH ITS SUBSIDIARY CDFI INSURED DEPOSITORY INSTITUTION, AS IDENTIFIED IN ITS ASSISTANCE AGREEMENT WITH THE CDFI FUND.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $3M | $3M | $4.3M | $2.8M | $2.1M |
| 2022IRS e-File | $2.8M | $2.8M | $3.4M | $3.8M | $3.3M |
| 2021 | $2.7M | $2.3M | $1.7M | $3.2M | $2.8M |
| 2020 | $2.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Jessica Sveen | CEO | 50 | $133.9K | $0 | $0 | $133.9K |
| Abbey O' Neal | Chair | 3 | $0 | $0 | $0 | $0 |
| Jay Whisenton | Secretry | 3 | $0 | $0 | $0 | $0 |
Jessica Sveen
CEO
$133.9K
Hrs/Wk
50
Compensation
$133.9K
Related Orgs
$0
Other
$0
Abbey O' Neal
Chair
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Jay Whisenton
Secretry
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Chris Coble | Exec Committee Member At L | 2 | $0 | $0 | $0 | $0 |
| Deanna Mettler | Treasurer | 2 | $0 | $0 | $0 | $0 |
| Edgar Aguilar | Member | 2 | $0 | $0 | $0 | $0 |
| Katie Genova | Member | 2 | $0 | $0 | $0 | $0 |
| Kirby Rising | Member | 2 | $0 | $0 | $0 | $0 |
| Rebecca Darling | Member |
Chris Coble
Exec Committee Member At L
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Deanna Mettler
Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Edgar Aguilar
Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $2.3M |
| $1.5M |
| $2.5M |
| $1.7M |
| 2019 | $1.4M | $1.1M | $976.3K | $1.2M | $740.4K |
| 2018 | $845.1K | $709.4K | $824.8K | $666.2K | $344.8K |
| 2017 | $729.8K | $650.7K | $709.4K | $733.9K | $324.5K |
| 2016 | $292.3K | $274.9K | $448K | $513.4K | $304.1K |
| 2015 | $656.2K | $644.5K | $568K | $523.6K | $459.8K |
| 2014 | $500.2K | $491.1K | $508.9K | $444K | $371.6K |
| 2013 | $415.4K | $392.6K | $403.6K | $466.6K | $380.3K |
| 2012 | $468.4K | $458.9K | $313.7K | $445.5K | $368.4K |
| 2011 | $300.6K | $284.8K | $268.3K | $223.8K | $213.8K |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2 |
| $0 |
| $0 |
| $0 |
| $0 |
| Sandra Ortega | Member | 2 | $0 | $0 | $0 | $0 |
Katie Genova
Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Kirby Rising
Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Rebecca Darling
Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Sandra Ortega
Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0