2024-09-12T16:07:32-05:00 2023-12-31 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2023-01-01 841171311 BSIDE CAPITAL BSID 3036570010 3350 BRIGHTON BLVD SUITE 235 DENVER CO 80216 KAROL JONES CHIEF FINANCIAL OFFICER 3036570010 2024-09-12 1 1 KATY BROWN P00650274 9257902600 2024-09-12 2023 2024-08-08 14:25:15Z X CHRISTOPHER MYERS 3350 BRIGHTON BLVD SUITE 235 DENVER CO 80216 7230112 0 X WWW.BSIDECAPITAL.ORG X 1990 CO TO FOSTER THE ECONOMIC GROWTH OF DIVERSE SMALL BUSINESSES WITHIN OUR COMMUNITIES. 16 15 44 83 0 0 163502 0 5780125 6564712 378837 624518 152936 40882 6475400 7230112 0 795759 0 0 4982385 5254766 0 0 0 1643324 1911140 6625709 7961665 -150309 -731553 13171742 11416466 6609071 5585348 6562671 5831118 THE B:SIDE CAPITAL MISSION IS TO FOSTER THE ECONOMIC GROWTH OF DIVERSE SMALL BUSINESSES WITHIN OUR COMMUNITIES. 0 0 THE MISSION OF B:SIDE CAPITAL IS TO FOSTER THE ECONOMIC GROWTH OF DIVERSE SMALL BUSINESSES WITHIN OUR COMMUNITIES BY ACHIEVING AND MAINTAINING EXCELLENCE IN THE OPERATION AND DELIVERY OF THE US SMALL BUSINESS ADMINISTRATION 504 LOAN PROGRAM TO SMALL BUSINESS OWNERS; IMPROVING THE PUBLIC VISIBILITY OF B:SIDE CAPITAL SO THAT PARTNERS, PEERS, AND CUSTOMERS RECOGNIZE THE ORGANIZATION AS A LEADING ECONOMIC DEVELOPMENT COMPANY; CONTINUING TO POSITION B:SIDE CAPITAL FOR EXPANSION SO THAT THE ORGANIZATION IS READY TO SERVE SMALL BUSINESS IN COMMUNITIES WHERE ACCESS TO CAPITAL IS LIMITED; AND DIVERSIFYING THE MENU OF PRODUCTS AND SERVICES OFFERED BY B:SIDE CAPITAL. THE MISSION OF B:SIDE CAPITAL IS TO FOSTER THE ECONOMIC GROWTH OF DIVERSE SMALL BUSINESSES WITHIN OUR COMMUNITIES BY PROVIDING SMALL BUSINESSES WITH ACCESS TO CAPITAL. THIS IS ACHIEVED THROUGH THE B:SIDE CAPITAL SBA 7(A) COMMUNITY ADVANTAGE AND DIRECT LOAN PROGRAMS OFFERING BUSINESSES LOANS UP TO $250,000 AT AFFORDABLE RATES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 23 0 1 44 1 0 0 0 0 0 0 0 0 X 16 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X KAROL JONES CFO 3036570010 3350 BRIGHTON BLVD SUITE 235 DENVER CO 80216 CHRISTOPHER MYERS CHIEF EXECUTIVE OFFICER 34.00 6.00 X X 357019 0 1030 TOM FRANCIS PAST PRESIDENT 1.00 1.00 X X 0 0 0 DANIEL RYLEY PRESIDENT 1.00 1.00 X X 0 0 0 LUKE DAVIDSON VICE PRESIDENT 1.00 1.00 X X 0 0 0 SUSANA SALAMUN TREASURER 1.00 1.00 X X 0 0 0 AMY HILLMAN SECRETARY 1.00 1.00 X X 0 0 0 SAM BAILEY BOARD MEMBER 1.00 1.00 X 0 0 0 MATTHEW BRUNKOW BOARD MEMBER 1.00 1.00 X 0 0 0 RYAN FLANDERS BOARD MEMBER 1.00 1.00 X 0 0 0 TODD GUYMON BOARD MEMBER 1.00 1.00 X 0 0 0 ADAM KINNEY BOARD MEMBER 1.00 1.00 X 0 0 0 JOEL KROMINGA BOARD MEMBER 1.00 1.00 X 0 0 0 KATHE MEHLBACH BOARD MEMBER 1.00 1.00 X 0 0 0 JILL MENDOZA BOARD MEMBER 1.00 1.00 X 0 0 0 JESSEN PERKO BOARD MEMBER (THRU 01/23) 1.00 1.00 X 0 0 0 KYLE SICKMAN BOARD MEMBER 1.00 1.00 X 0 0 0 DRE THOMPSON BOARD MEMBER 1.00 1.00 X 0 0 0 KAROL JONES CHIEF FINANCIAL OFFICER 32.00 8.00 X 237808 0 28174 LAUREL WALK CHIEF OPERATING OFFICER 36.00 4.00 X 227808 0 25527 JESSICA STUTZ LENDING DIRECTOR 40.00 X 164165 0 23583 AMANDA BAILEY COMPLIANCE DIRECTOR (THRU 12/23) 40.00 X 153190 0 21007 MARIE PETERS B:SIDE FUND DIRECTOR 40.00 X 146769 0 19339 BETH HURLEY PORTFOLIO MANAGEMENT DIREC 40.00 X 143099 0 18816 LAURA KEASLING CLOSING DIRECTOR 40.00 X 130627 0 19802 1560485 0 157278 22 0 1 0 PATRICK M PLANK LLC 26 W DRY CREEK CIRCLE SUITE 420 LITTLETON CO 80120 LEGAL SERVICES 121692 1 SBA 504 SERVICING FEES 522291 3301261 3301261 SBA 504 PACKING FEES 522291 1687771 1687771 INTEREST REBATE 522291 944844 944844 MANAGEMENT FEE INCOME 522291 420000 420000 OTHER PACKING & SERVIC 522291 210836 210836 6564712 624518 624518 OTHER INCOME 900099 38963 38963 LOAN LIQUIDATION RECOV 900099 1919 1919 40882 7230112 6605594 0 624518 795759 877367 3453958 171025 399254 353162 44719 73812 104479 33981 113012 200474 367832 78772 99089 175299 30287 111279 BAD DEBT 293747 LENDING EXPENSE 159918 ASSOCIATION MEMBERSHIP 24440 7961665 7279778 6245988 47577 91839 5226401 4389714 101301 118554 102810 46988 81715 55822 434970 514549 13171742 11416466 102048 98889 916489 841507 3962196 3236791 1628338 1408161 6609071 5585348 X 6562671 5831118 6562671 5831118 13171742 11416466 -731553 0 X 0 1 X 1 1 1 47866 32828 15038 54944 14160 40784 55822 LEASE LIABILITY 156974 REFUNDABLE ADVANCE 1117000 ALLOWANCE FOR PCLP 17270 CHFA CLIMBER 116917 1408161 X PART X, LINE 2: B:SIDE CAPITAL IS A NOT-FOR-PROFIT ORGANIZATION UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(6). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO B:SIDE CAPITAL'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE WAS NO TAX LIABILITY FOR THE YEAR ENDED DECEMBER 31, 2023. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE FASB ASC TOPIC, INCOME TAXES. THE TOPIC PRESCRIBES A MORE-LIKELY-THAN-NOT THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN (OR EXPECTED TO BE TAKEN) IN A TAX RETURN. THE TOPIC ALSO PROVIDES GUIDANCE ON DERECOGNITION OF INCOME TAX ASSETS AND LIABILITIES, CLASSIFICATION OF CURRENT AND DEFERRED INCOME TAX ASSETS AND LIABILITIES, ACCOUNTING FOR INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS, ACCOUNTING FOR INCOME TAXES IN INTERIM PERIODS AND INCOME TAX DISCLOSURES. 1 BSIDE FUND 3350 BRIGHTON BLVD SUITE 235 DENVER CO 80216 843382379 501(C)(3) 795759 0 PROGRAM SERVICES 1 0 PART I, LINE 2: THE BOARD APPROVED A $500,000 CAPITAL CONTRIBUTION TO B:SIDE FUND, AS WELL AS CONTRIBUTIONS OF REVOLVED OEDIT LOAN CAPITAL OF $295,758.65 TO B:SIDE FUND FOR CONTINUED LENDING EFFORTS. X 1 0 0 CHRISTOPHER MYERS CHIEF EXECUTIVE OFFICER 274519 0 82500 0 0 0 0 0 1030 0 358049 0 0 0 KAROL JONES CHIEF FINANCIAL OFFICER 189808 0 48000 0 0 0 14268 0 13906 0 265982 0 0 0 LAUREL WALK CHIEF OPERATING OFFICER 189808 0 38000 0 0 0 11621 0 13906 0 253335 0 0 0 JESSICA STUTZ LENDING DIRECTOR 149165 0 15000 0 0 0 9850 0 13733 0 187748 0 0 0 AMANDA BAILEY COMPLIANCE DIRECTOR (THRU 12/23) 122728 0 0 0 30462 0 7364 0 13643 0 174197 0 0 0 MARIE PETERS B:SIDE FUND DIRECTOR 131769 0 15000 0 0 0 8510 0 10829 0 166108 0 0 0 BETH HURLEY PORTFOLIO MANAGEMENT DIREC 131099 0 12000 0 0 0 8586 0 10230 0 161915 0 0 0 LAURA KEASLING CLOSING DIRECTOR 120627 0 10000 0 0 0 7838 0 11964 0 150429 0 0 0 PART I, LINE 4A AMANDA BAILEY RECEIVED $30,461.54 IN SEVERANCE PAY. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MADE THE FOLLOWING CHANGES TO THEIR BYLAWS: - THE CEO, CFO, AND COO ARE NOW RECOGNIZED AS OFFICERS OF THE ORGANIZATION. - THE MAXIMUM BOARD TERM IS EXTENDED IF REQUIRED WITH A MEMBER OF THE BOARD SERVES IN AN OFFICER ROLE. -OFFICER DESCRIPTIONS FOR PRESIDENT AND TREASURER TO REFLECT CURRENT RESPONSIBILITIES AND INTERACTION WITH CEO AND CFO FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO AND THEN BOARD MEMBERS ARE PROVIDED A COPY OF THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C DURING SBA REVIEWS, WHICH OCCUR EVERY ONE TO ONE AND A HALF YEARS, THE CONFLICT OF INTEREST POLICIES ARE REVIEWED IN DETAIL. THE BOARD OF DIRECTORS ALSO REVIEWS THIS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE BOARD REVIEWS THE CHIEF EXECUTIVE OFFICER ANNUALLY. CHANGES TO THE CHIEF EXECUTIVE OFFICER'S COMPENSATION MUST BE APPROVED BY THE EXECUTIVE BOARD. KEY EMPLOYEES ARE REVIEWED BY THE CHIEF EXECUTIVE OFFICER. CHANGES IN COMPENSATION ARE BASED ON COMPENSATION STUDIES AND INFORMATION OBTAINED IN THE BANKING INDUSTRY. THE COMPENSATION DECIDED AND THE ASSOCIATED PROCESS ARE DOCUMENTED IN THE APPROPRIATE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE FROM THE CHIEF EXECUTIVE OFFICER UPON REQUEST BSIDE FUND 3350 BRIGHTON BLVD SUITE 235 DENVER CO 80216 843382379 LENDING CO 501(C)(3) LINE 7 BSIDE CAPITAL 1 0 1 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 BSIDE FUND L 420000 CONTRACT/AGREEMENT BSIDE FUND Q 182847 CONTRACT/AGREEMENT BSIDE FUND B 795759 AGREEMENT BSIDE FUND D 360915 YEAR END BALANCE