Nonprofits›Rocky Mountain Microfinance Institute

Community Improvement & Capacity Building

Rocky Mountain Microfinance Institute

DENVER, CO

WebsiteView as a funder

Total revenue

$3.0M

Total expenses

$4.3M

Net assets

$2.1M

Grants received

$2.9M

70 grants

EIN

263218152

Tax year

2023

Mission

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.

Financials

FY 2023

Revenue

Contributions & grants$3.0M
Program service revenue$21K
Investment income$30K
Other revenue—
Total revenue$3.0M

Expenses

Grants paid$285K
Salaries & benefits$3.3M
Fundraising$324K
Other expenses$630K
Total expenses$4.3M
Total assets$2.8M
Net assets$2.1M

People

10 listed

NameRoleCompensation

Jessica Sveen

CEO

Board

$134K

50 hrs/wk

Jay Whisenton

Secretry

Board

—

3 hrs/wk

Deanna Mettler

Treasurer

Board

—

2 hrs/wk

Chris Coble

Exec Committee Member at L

Board

—

2 hrs/wk

Edgar Aguilar

Member

Board

—

2 hrs/wk

Abbey O' Neal

Chair

Board

—

3 hrs/wk

Katie Genova

Member

Board

—

2 hrs/wk

Sandra Ortega

Member

Board

—

2 hrs/wk

Kirby Rising

Member

Board

—

2 hrs/wk

Rebecca Darling

Member

Board

—

2 hrs/wk

Grants received

Showing 70 of 70

FromAmountPurposeYear
JPMORGAN CHASE FOUNDATION
$260K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
KAISER FOUNDATION HEALTH PLAN OF COLORADO
$75K
Community Small Business Development And Capital D
2024
COLORADO GIVES FOUNDATION
$23K
GENERAL PURPOSE
2024
THE DENVER FOUNDATION
$23K
SMALL BUSINESS DEVELOPMENT
2024
IMPACT 100 METRO DENVER
$12K
PROGRAM SUPPORT
2024
THE VANCE R AND COLLEEN H ANDRUS FAMILY
$10K
Business Idea Lab and Business Launch Boot Camp
2024
THE ZIONS BANCORPORATION FOUNDATION
$5K
SUPPORT ENTREPRENEURS THROUGH EDUCATION
2024
THE DENVER FOUNDATION
$451K
SMALL BUSINESS DEVELOPMENT
2023
JPMORGAN CHASE FOUNDATION
$200K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2023
Rose Community Foundation
$115K
General operating support
2023
KAISER FOUNDATION HEALTH PLAN OF COLORADO
$75K
Community Small Business Development And Capital D
2023
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$72K
For grant recipient's exempt purposes
2023
THE NORD FAMILY FOUNDATION
$50K
CONTINUED GENERAL OPERATING SUPPORT IN DENVER METRO
2023
IMPACT 100 METRO DENVER
$40K
PROGRAM SUPPORT
2023
COLORADO GIVES FOUNDATION
$26K
GENERAL PURPOSE
2023
DOMANADA FOUNDATION
$25K
CHARITABLE PURPOSE
2023
KELTNER FAMILY FOUNDATION
$15K
GENERAL OPERATING
2023
XCEL ENERGY FOUNDATION
$15K
COMMUNITY VITALITY
2023
THE VANCE R AND COLLEEN H ANDRUS FAMILY
$10K
Business Launch Boot Camp
2023
DONOR ADVISED CHARITABLE GIVING INC
$6K
PUBLIC, SOCIETAL BENEFIT
2023
THE ZIONS BANCORPORATION FOUNDATION
$5K
SUPPORTS ENTREPRENEURS WHO HAVE A HIGH BARRIER TO ENTRY
2023
THE DENVER FOUNDATION
$53K
SMALL BUSINESS DEVELOPMENT
2022
THE NORD FAMILY FOUNDATION
$50K
EVALUATION AND LEARNING INITIATIVE
2022
COLORADO GIVES FOUNDATION
$38K
GENERAL PURPOSE
2022
Rose Community Foundation
$38K
REBILT
2022
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$21K
For grant recipient's exempt purposes
2022
XCEL ENERGY FOUNDATION
$15K
COMMUNITY VITALITY / DOLLARS FOR DOING (D4D)
2022
THE BLACKBAUD GIVING FUND
$11K
GENERAL SUPPORT
2022
KELTNER FAMILY FOUNDATION
$10K
GENERAL OPERATING
2022
Anschutz Family Foundation
$8K
General operating support to provide access to microloans and affordable business development services to nontraditional community entrepreneurs.
2022
THE ZIONS BANCORPORATION FOUNDATION
$5K
SUPPORTS ENTREPRENEURS WHO HAVE A HIGH BARRIER TO ENTRY
2022
THE VANCE R AND COLLEEN H ANDRUS FAMILY
$5K
Bootcamp FUND
2022
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$71K
For grant recipient's exempt purposes
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$71K
For grant recipient's exempt purposes
2021
GATES FAMILY FOUNDATION
$50K
Project Support
2021
THE NORD FAMILY FOUNDATION
$50K
EVALUATION AND LEARNING INITIATIVE
2021
KENNETH KENDAL KING FOUNDATION
$30K
General operating support
2021
XCEL ENERGY FOUNDATION
$15K
ECONOMIC SUSTAINABILITY GRANT
2021
DANIELS FUND
$500
GENERAL OPERATING SUPPORT
2021
UNIVERSITY OF DENVER
$100K
GENERAL USE
2020
THE DENVER FOUNDATION
$81K
THE SPARK INCENTIVE FUND AT RMMFI
2020
GATES FAMILY FOUNDATION
$50K
Project Support
2020
DANIELS FUND
$50K
GENERAL OPERATING SUPPORT
2020
GATES FAMILY FOUNDATION
$50K
Project Support
2020
KENNETH KENDAL KING FOUNDATION
$50K
Entrepreneurism, help defining pathways to self sufficiency for enterpreneurs in need.
2020
COLORADO GIVES FOUNDATION
$42K
GENERAL PURPOSE
2020
Stand Together Foundation
$34K
General Operating
2020
THE NORD FAMILY FOUNDATION
$30K
CONTINUED GENERAL OPERATING SUPPORT
2020
ANCHOR POINT FOUNDATION
$25K
GENERAL
2020
DONOR ADVISED CHARITABLE GIVING INC
$21K
PUBLIC, SOCIETAL BENEFIT
2020
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$20K
For grant recipient's exempt purposes
2020
ADOLPH COORS FOUNDATION
$20K
program-specific
2020
XCEL ENERGY FOUNDATION
$19K
2020 ECONOMIC SUSTAINABILITY GRANT/MATCHING EMPLOYEE DONATION
2020
CREDIT BUILDERS ALLIANCE INC
$13K
CREDIT BLDG TOOLKIT
2020
KENNETH KENDAL KING FOUNDATION
$10K
Entrepreneurism, to support small businesses during the COVID-19 pandemic.
2020
Anschutz Family Foundation
$8K
General operating support to provide access to microloans and affordable business development services to nontraditional community entrepreneurs.
2020
ZONTA CLUB OF DENVER FOUNDATION INC
$8K
—
2020
COMMUNITY FOUNDATION BOULDER COUNTY
$6K
General Operating Support
2020
KENNETH KENDAL KING FOUNDATION
$5K
Entrepreneurism, for personal stability, entrepreneurial spark and business feasibility.
2020
THE GREENLEE FAMILY FOUNDATION
$5K
OPERATING SUPPORT
2020
ANALOG DEVICES FOUNDATION
$140
GENERAL SUPPORT
2020
COLORADO GIVES FOUNDATION
$33K
GENERAL PURPOSE
2019
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$22K
For grant recipient's exempt purposes
2019
ADOLPH COORS FOUNDATION
$20K
general operating
2019
DONOR ADVISED CHARITABLE GIVING INC
$16K
PUBLIC, SOCIETAL BENEFIT
2019
DONOR ADVISED CHARITABLE GIVING INC
$35K
PUBLIC, SOCIETAL BENEFIT
2018
MILE HIGH UNITED WAY INC
$33K
IMPACT GRANT & DONOR DESIGNATIONS
2018
AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC
$25K
INNOVATION GRANT
2018
THE CONNIE BURWELL WHITE AND WILLIAM
$10K
GENERAL
2018
DONOR ADVISED CHARITABLE GIVING INC
$28K
SOCIAL SERVICES/SOCIAL BENEFITS
2017

Funded by

$2.9M from 31 funders · 70 grants · 2017–2024

The Denver Foundation

$608K · 4 grants · 2020–2024

Jpmorgan Chase Foundation

$460K · 2 grants · 2023–2024

Fidelity Investments Charitable Gift Fund

$278K · 6 grants · 2019–2023

The Nord Family Foundation

$180K · 4 grants · 2020–2023

Colorado Gives Foundation

$162K · 5 grants · 2019–2024

Rose Community Foundation

$153K · 2 grants · 2022–2023

Kaiser Foundation Health Plan Of Colorado

$150K · 2 grants · 2023–2024

Gates Family Foundation

$150K · 3 grants · 2020–2021

Details

EIN263218152
NTEE codeS20
Subsection03
Ruling date2010-03
Formed2008
Employees41
Volunteers312
ROCKY MOUNTAIN MICROFINANCE INSTITUTE — Mission, Financials & Grants Received | Grantivo