ROCKY MOUNTAIN INNOVATION INITIATIVE INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: ROCKY MOUNTAIN INNOVATION INITIATIVE INC (EIN 77-0707779)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-14
IRS object ID: 202503189349304940
Schema version: 2024v5.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-14T10:24:54-06:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	381357951	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	PLANTE & MORAN PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	8181 E TUFTS AVE SUITE 600	AddressLine1Txt
City	DENVER	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80237	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	770707779	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ROCKY MOUNTAIN INNOVATION INITIATIVE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ROCK	BusinessNameControlTxt
Phone	9702211301	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	320 E VINE DRIVE SUITE 101	AddressLine1Txt
City	FORT COLLINS	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80524	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MIKE FREEMAN	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	9702211301	PhoneNum
Signature	2025-11-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	WILLIAM A MATTOX	PreparerPersonNm
PTIN	P01233918	PTIN
Phone	3037409400	PhoneNum
Preparation	2025-11-12	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	INNOSPHERE VENTURES	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	MIKE FREEMAN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	320 E VINE DRIVE SUITE 101	AddressLine1Txt
City	FORT COLLINS	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80524	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$5,432,187	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.INNOSPHEREVENTURES.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2007	FormationYr
Legal Domicile State	CO	LegalDomicileStateCd
Activity Or Mission	TO ACCELERATE THE SUCCESS OF STARTUP COMPANIES AND TO PROMOTE AN ENTREPRENEURIAL CULTURE.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	36	TotalEmployeeCnt
Total Volunteers	3	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$795,609	PYContributionsGrantsAmt
CY Contributions Grants	$5,248,231	CYContributionsGrantsAmt
PY Program Service Revenue	$266,918	PYProgramServiceRevenueAmt
CY Program Service Revenue	$183,820	CYProgramServiceRevenueAmt
PY Investment Income	$880	PYInvestmentIncomeAmt
CY Investment Income	$133	CYInvestmentIncomeAmt
PY Other Revenue	$124,902	PYOtherRevenueAmt
CY Other Revenue	$3	CYOtherRevenueAmt
PY Total Revenue	$1,188,309	PYTotalRevenueAmt
CY Total Revenue	$5,432,187	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$932,677	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$2,551,289	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$548,484	CYTotalFundraisingExpenseAmt
PY Other Expenses	$733,928	PYOtherExpensesAmt
CY Other Expenses	$2,868,169	CYOtherExpensesAmt
PY Total Expenses	$1,666,605	PYTotalExpensesAmt
CY Total Expenses	$5,419,458	CYTotalExpensesAmt
PY Revenues Less Expenses	-$478,296	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$12,729	CYRevenuesLessExpensesAmt
Total Assets BOY	$8,408,524	TotalAssetsBOYAmt
Total Assets EOY	$9,690,456	TotalAssetsEOYAmt
Total Liabilities BOY	$1,178,549	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$2,447,774	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$7,229,975	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$7,242,682	NetAssetsOrFundBalancesEOYAmt
Mission	SEE SCHEDULE O.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$3,725,389	ExpenseAmt
Revenue	$72,980	RevenueAmt
Desc	ROCKY MOUNTAIN INNOSPHERE SERVES AS A BUSINESS INCUBATOR FOR STARTUPCOMPANIES. INCUBATED COMPANIES ARE PROVIDED ASSISTANCE IN RAISINGCAPITAL, HELP IN ASSEMBLING SOLID MANAGEMENT TEAMS, STRATEGIC CORPORATEPARTNER DEVELOPMENT, RELATIONSHIPS WITH TEST AND DEMONSTRATIONFACILITIES, DISCOUNTED PROFESSIONAL SERVICE PROVIDERS, AND MANYEDUCATIONAL AND NETWORKING OPPORTUNITIES.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$184,620	ExpenseAmt
Revenue	$110,840	RevenueAmt
Desc	THE INCUBATION PROGRAM ACCELERATES THE SUCCESS OF HIGH IMPACT SCIENCE AND TECHNOLOGY BASED START UP AND SCALE UP COMPANIES IN COLORADO. IT FOCUSES ON ENSURING COMPANIES ARE INVESTOR READY, CONNECTING TO ENTREPRENEURS WITH EXPERIENCED ADVISORS, MAKING INTRODUCTIONS TO CORPORATE PARTNERS, EXIT PLANNING AND ACCELERATING TOP LINE REVENUE GROWTH.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$3,910,009	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	0	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	21	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	36	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MIKE FREEMAN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9702211301	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	320 E VINE DRIVE STE 101	AddressLine1Txt
City	FORT COLLINS	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80524	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
BRIAN ROBINSON
BOARD SECRETARY	2.00	Yes (X)	$0	$0	$0
JOHN LEONARD
BOARD CHAIR	2.00	Yes (X)	$0	$0	$0	Yes (X)
ALAN RUDOLPH
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
JENNIFER PINSONNEAULT
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
JEREMY HELD
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
SEONAH KENDALL
BOARD MEMBER	2.00	Yes (X)	$0	$0	$0
BRYAN WILSON
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
JOE ZIMLICH
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
PATRICK KANOUFF
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
MIKE FREEMAN
CEO	40.00		$146,986	$0	$30,186	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$146,986	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$30,186	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
PLANTE MORAN
16060 COLLECTIONS CENTER DR	CHICAGO	IL	60693	ACCOUNTING	$260,200
DELIVERY ASSOCIATES
228 E/ 45TH ST STE 9E	NEW YORK	NY	10017	CONSULTING	$260,002
HURON CONSULTING
PO BOX 71223	CHICAGO	IL	60694	GRANT MANAGEMENT	$223,799
COLORADO BIOSCIENCE ASSOCIATION
600 GRANT ST STE 306	DENVER	CO	80203	ADVERTISING	$148,150
EXECUTIVE PRESENCE
250 FILLMORE ST	DENVER	CO	80206	PROFESSIONAL SERVICE	$126,113

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt
Government Grants	$3,865,699	GovernmentGrantsAmt
All Other Contributions	$1,382,532	AllOtherContributionsAmt
Total Contributions	$5,248,231	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	PROGRAM REVENUE	Desc
Business	541610	BusinessCd
Total Revenue Column	$183,820	TotalRevenueColumnAmt
Related Or Exempt Func Income	$183,820	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$183,820	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$133	TotalRevenueColumnAmt
Exclusion	$133	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	INCOME FROM P/S	Desc
Business	551112	BusinessCd
Total Revenue Column	$3	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$3	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,432,187	TotalRevenueColumnAmt
Related Or Exempt Func Income	$183,823	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$133	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$164,212	TotalAmt
Program Services	$95,243	ProgramServicesAmt
Management And General	$39,411	ManagementAndGeneralAmt
Fundraising	$29,558	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$2,031,998	TotalAmt
Program Services	$1,188,111	ProgramServicesAmt
Management And General	$475,163	ManagementAndGeneralAmt
Fundraising	$368,724	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$29,962	TotalAmt
Program Services	$17,378	ProgramServicesAmt
Management And General	$7,191	ManagementAndGeneralAmt
Fundraising	$5,393	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$147,395	TotalAmt
Program Services	$85,489	ProgramServicesAmt
Management And General	$35,375	ManagementAndGeneralAmt
Fundraising	$26,531	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$177,722	TotalAmt
Program Services	$103,079	ProgramServicesAmt
Management And General	$42,653	ManagementAndGeneralAmt
Fundraising	$31,990	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$631	TotalAmt
Management And General	$631	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$242,983	TotalAmt
Program Services	$140,930	ProgramServicesAmt
Management And General	$58,316	ManagementAndGeneralAmt
Fundraising	$43,737	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$862,438	TotalAmt
Program Services	$862,438	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$152,301	TotalAmt
Program Services	$88,335	ProgramServicesAmt
Management And General	$36,552	ManagementAndGeneralAmt
Fundraising	$27,414	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$33,602	TotalAmt
Management And General	$33,602	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$56,450	TotalAmt
Management And General	$56,450	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$84,092	TotalAmt
Program Services	$48,773	ProgramServicesAmt
Management And General	$20,182	ManagementAndGeneralAmt
Fundraising	$15,137	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$91,343	TotalAmt
Program Services	$68,507	ProgramServicesAmt
Management And General	$22,836	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$68,265	TotalAmt
Program Services	$68,265	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$51,107	TotalAmt
Management And General	$51,107	ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$184,620	TotalAmt
Program Services	$184,620	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$36,558	TotalAmt
Management And General	$36,558	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$12,867	TotalAmt
Management And General	$12,867	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
GRANT PROGRAMS	$949,391	$949,391
PERSONAL PROPERTY TAXES	$34,076	$9,450	$24,626
OTHER	$7,445		$7,445

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$5,419,458	TotalAmt
Program Services	$3,910,009	ProgramServicesAmt
Management And General	$960,965	ManagementAndGeneralAmt
Fundraising	$548,484	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$12,203	BOYAmt
EOY	$167,945	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$432,629	BOYAmt
EOY	$1,423,447	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$4,800	BOYAmt
EOY	$45,471	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$1,417,623	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$64,806	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,274,177	BOYAmt
EOY	$1,352,817	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$55,410	BOYAmt
EOY	$17,573	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$6,629,305	BOYAmt
EOY	$6,683,203	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$8,408,524	BOYAmt
EOY	$9,690,456	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,079,382	BOYAmt
EOY	$1,031,578	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$60,000	BOYAmt
EOY	$75,827	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$39,167	BOYAmt
EOY	$1,340,369	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,178,549	BOYAmt
EOY	$2,447,774	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$7,229,975	BOYAmt
EOY	$7,242,682	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$7,229,975	BOYAmt
EOY	$7,242,682	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$8,408,524	BOYAmt
EOY	$9,690,456	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$12,729	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	-$22	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	0	FSAuditedInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$511,091	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$6,155,030	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,393,321	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$795,609	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,248,231	CurrentTaxYearAmt
Total	$16,103,282	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$571,493	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$727,277	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$472,188	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$391,820	CurrentTaxYearMinus1YearAmt
Current Tax Year	$183,823	CurrentTaxYearAmt
Total	$2,346,601	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,082,584	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$6,882,307	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,865,509	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,187,429	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,432,054	CurrentTaxYearAmt
Total	$18,449,883	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$18,449,883	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$17,672	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,011	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$880	CurrentTaxYearMinus1YearAmt
Current Tax Year	$133	CurrentTaxYearAmt
Total	$19,696	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$17,672	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,011	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$880	CurrentTaxYearMinus1YearAmt
Current Tax Year	$133	CurrentTaxYearAmt
Total	$19,696	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,082,584	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$6,899,979	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,866,520	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,188,309	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,432,187	CurrentTaxYearAmt
Total	$18,469,579	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.99890	PublicSupportCY509Pct
Public Support PY509	0.99680	PublicSupportPY509Pct
Investment Income CY	0.00110	InvestmentIncomeCYPct
Investment Income PY	0.00140	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,417,623	OtherCostOrOtherBasisAmt
Depreciation	$64,806	DepreciationAmt
Book Value	$1,352,817	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,352,817	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDesc	Book ValueBookValueAmt
SECURITY DEPOSIT	$532
ERC RECEIVABLE	$114,880
CIP	$6,565,694
OTHER ASSETS	$2,097

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$6,683,203	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
CLIENT FEES PAYABLE	$37,500
LINE OF CREDIT	$1,302,869

Field	Value	IRS element (for citing)
Total Liability	$1,340,369	TotalLiabilityAmt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	MIKE FREEMAN	PersonNm
Title	CEO	TitleTxt
Base Compensation Filing Org	$146,986	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$5,301	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$11,925	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$164,212	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART III, LINE 1	THE MISSION/CHARTER OF ROCKY MOUNTAIN INNOVATION INITIATIVE IS TO ACCELERATE THE SUCCESS OF HIGH GROWTH, HIGH IMPACT, INNOVATION-BASED STARTUP COMPANIES AND TO PROMOTE THE DEVELOPMENT OF AN ENTREPRENEURIAL CULTURE AND INFRASTRUCTURE TO SUSTAIN AND NURTURE SCIENTIFIC AND TECHNOLOGY-BASED INDUSTRIES IN THE NORTHERN COLORADO REGION.
FORM 990, PART VI, SECTION B, LINE 11B	FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW.
FORM 990, PART VI, SECTION B, LINE 12C	THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED THROUGH AN INTERVIEW PROCESS.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION OF ALL EMPLOYEES IS REVIEWED AND APPROVED BY THE INDEPENDENT BOARD OF DIRECTORS USING COMPARABILITY DATA AND OTHER FACTORS AS DETERMINED APPROPRIATE BY THE BOARD OF DIRECTORS. APPROPRIATE DOCUMENTATION IS MAINTAINED IN THE ORGANIZATION'S RECORDS.
FORM 990, PART VI, SECTION C, LINE 19	THE GOVERNING DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11G	OTHER: PROGRAM SERVICE EXPENSES 862,438. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 862,438.
FORM 990, PART XI, LINE 9:	BOOK/TAX DIFFERENCE IN PASS-THROUGH -22.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	POWERHOUSE 2 DEVELOPMENT COMPANY LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	320 E VINE DRIVE SUITE 101	AddressLine1Txt
City	FORT COLLINS	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80524	ZIPCd

Field	Value	IRS element (for citing)
EIN	872827296	EIN
Primary Activities	GRANT SPONSOR	PrimaryActivitiesTxt
Legal Domicile State	CO	LegalDomicileStateCd
Total Income	$500,000	TotalIncomeAmt
End Of Year Assets	$6,566,024	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	ROCKY MOUNTAIN INNOVATION INITIATIVE	BusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	RMI LAB PROPERTIES INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	320 E VINE DRIVE SUITE 101	AddressLine1Txt
City	FORT COLLINS	CityNm
State Abbreviation	CO	StateAbbreviationCd
ZIP	80524	ZIPCd

Field	Value	IRS element (for citing)
EIN	864000927	EIN
Primary Activities	TO PROVIDE BIOSCIENCE AND CLIMATE TECH STARTUPS ACCESS TO LABORATORY SPACE.	PrimaryActivitiesTxt
Legal Domicile State	CO	LegalDomicileStateCd
Exempt Code Section	501(C)(3)	ExemptCodeSectionTxt
Public Charity Status	LINE 7	PublicCharityStatusTxt
Controlled Organization	0	ControlledOrganizationInd

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Predominant Income TypePredominantIncomeTypeTxt	Disproportionate AllocationsDisproportionateAllocationsInd	General Or Managing PartnerGeneralOrManagingPartnerInd	OwnershipOwnershipPct	Share Of EOY AssetsShareOfEOYAssetsAmt
RMI2 PROPERTIES LLC
320 E VINE DRIVE SUITE 101	FORT COLLINS	CO	80524	264780103	REAL ESTATE	CO	INNOSPHERE ENERGY INC AND INNOSPHERE PROPERTIES NONPROFIT CORPORATION	N/A	0	Yes (1)	1.00000
INNOSPHERE MANAGEMENT LLC
320 E VINE DRIVE SUITE 101	FORT COLLINS	CO	80524	814348989	INVESTMENT FUND	CO	RMII	N/A	0	Yes (1)	0.55000	$36,546

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd
INNOSPHERE ENERGY INC
320 E VINE DRIVE SUITE 101	FORT COLLINS	CO	80524	273587069	REAL ESTATE	CO	RMII	C	-$144,926	$4,372,107	1.00000	Yes (1)
INNOSPHERE ADVISORS INC
320 E VINE DRIVE SUITE 101	FORT COLLINS	CO	80524	814364000	INVESTMENT ADVISOR	CO	RMII	C	-$38,517	$6,294	1.00000	Yes (1)
INNOSPHERE PROPERTIES NONPROFIT CORPORATION
320 E VINE DR STE 101	FORT COLLINS	CO	80524	461772190	REAL ESTATE	CO	RMII	C	-$27,605	$2,787,267	1.00000	Yes (1)

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd