2025-08-15T12:34:51-05:00 2024-09-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2024-01-01 931969790 ELEVATE QUANTUM ELEV 7205154622 7100 N BROADWAY 1Q DENVER CO 80221 JESSI OLSEN COO/CFO 7205154622 2025-08-14 1 1 KAREN LO P01434915 2123721000 2025-08-14 2024 2025-03-06 01:10:19Z JESSI OLSEN 7100 N BROADWAY 1Q DENVER CO 80221 510520 0 X WWW.ELEVATEGUANTUM.ORG X 2023 CO ELEVATE QUANTUM'S MISSION IS TO DRAMATICALLY ACCELERATE THE PACE OF COMMERCIALIZATION IN QUANTUM. ELEVATE QUANTUM IS A DESIGNATED TECHHUB BY THE U.S. DEPARTMENT OF COMMERCE ECONOMIC DEVELOPMENT ADMINISTRATION AND BOASTS THE LARGEST REGIONAL CONSORTIUM IN AMERICA. THE CONSORTIUM OF 120 ORGANIZATIONS WORKS TO ENSURE THAT THE REGION REMAINS THE GLOBAL EPICENTER FOR QUANTUM BY HELPING TURN CUTTING-EDGE RESEARCH INTO WORLD-CHANGING COMPANIES, FACILITATING A VIBRANT STARTUP AND SCALE-UP ECOSYSTEM AND BUILDING A STRONG WORKFORCE. 12 12 0 12 0 0 0 510141 0 0 0 0 0 379 0 510520 0 0 0 0 0 168750 0 0 0 0 321570 0 490320 0 20200 62948 125560 4954 47366 57994 78194 X ELEVATE QUANTUM'S EXEMPT PURPOSE IS TO UNITE COLORADO, NEW MEXICO, AND WYOMING TO ESTABLISH THE MOUNTAIN WEST AS A GLOBAL LEADER IN QUANTUM DEVELOPMENT. THEIR MISSION FOCUSES ON ENHANCING U.S. ECONOMIC AND NATIONAL SECURITY BY FOSTERING REGIONAL COLLABORATION AND STRENGTHENING ENGAGEMENT AMONG STAKEHOLDERS. 0 0 480000 THE ORGANIZATION PRESENTLY ENGAGES IN ECONOMIC DEVELOPMENT ACTIVITY FOCUSED ON QUANTUM INFORMATION SCIENCE AND TECHNOLOGY (QIST) THROUGH ITS OFFICERS AND DIRECTORS, AS WELL AS VIA A CONSORTIUM OF REPRESENTATIVES FROM 72 QIST-FOCUSED ORGANIZATIONS THAT INCLUDES 17 INDUSTRY GROUPS/FIRMS, 13 INSTITUTIONS OF HIGHER EDUCATION, 17 ECONOMIC DEVELOPMENT ORGANIZATIONS, 14 LABOR AND WORKFORCE ORGANIZATIONS, 4 STATE AND LOCAL GOVERNMENTS, AND 7 OTHERS INCLUDING 4 FEDERAL OR NATIONAL LABORATORIES. THE ORGANIZATION WILL FOCUS UPON APPLYING FOR FUNDING UNDER PHASE 2 OF THE TECH HUBS PROGRAM (THE PROGRAM) ADMINISTERED BY THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION OF THE U.S. DEPARTMENT OF COMMERCE. ACTIVITIES WILL BE FUNDED THROUGH A COMBINATION OF GOVERNMENT GRANTS AND PRIVATE DONATIONS. 480000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CO X JESSI L OLSEN COOCFO 2084125333 7100 N BROADWAY DENVER CO 80221 X DAN CARUSO DIRECTOR 5.00 X 0 0 0 BROOKS JOHNSON DIRECTOR 5.00 X 0 0 0 WENDY LEA DIRECTOR 5.00 X 0 0 0 ANTHONY NEAL-GRAVES DIRECTOR 5.00 X 0 0 0 MASSIMO RUZZENE DIRECTOR 5.00 X 0 0 0 JESUS SALAZAR DIRECTOR 5.00 X 0 0 0 DR COLLEEN SIMPSON DIRECTOR 5.00 X 0 0 0 DR MARLOU SLOT DIRECTOR 5.00 X 0 0 0 DR MATTHIAS TROYER DIRECTOR 5.00 X 0 0 0 ALEX GREENBERG EX OFFICIO DIRECTOR 5.00 X 0 0 0 EVE LIEBERMAN EX OFFICIO DIRECTOR 5.00 X 0 0 0 CORBAN TILLEMANN-DICK CHAIR & DIRECTOR 5.00 X X 0 0 0 0 0 0 385141 125000 510141 PURCHASE REIMBURSEMENT 900099 379 379 379 510520 0 0 379 X 168750 168750 5543 5543 197900 197900 64008 64008 1403 1403 4720 4720 47939 47939 LICENSES AND FEES 57 57 490320 480000 10320 0 52948 58889 10000 66671 62948 125560 4954 47366 4954 47366 X 57994 78194 57994 78194 62948 125560 20200 0 X 0 0 0 X 62000 510141 572141 62000 510141 572141 572141 379 379 572520 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION HAS ELECTED TO CHANGE ITS ACCOUNTING PERIOD TO A FISCIAL YEAR ENDING SEPTEMBER 30TH. THEREFORE, FOR THE CURRENT TAX YEAR, THE INFORMATION REPRESENTS A SHORT YEAR PERIOD FROM JANUARY 2024 TO SEPTEMBER 2024. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEW THE FORM 990 BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ELEVATE QUANTUM HAS ADOPTED A WRITTEN CONFLICT OF INTEREST POLICY APPLICABLE TO ALL DIRECTORS, OFFICERS, EMPLOYEES, AND VOLUNTEERS. THE POLICY REQUIRES ANNUAL WRITTEN DISCLOSURES OF ACTUAL, POTENTIAL, OR PERCEIVED CONFLICTS OF INTEREST AND AFFIRMS EACH INDIVIDUAL'S UNDERSTANDING AND COMPLIANCE WITH THE POLICY. THE POLICY DEFINES CONFLICTS OF INTEREST BROADLY, INCLUDING FINANCIAL INTERESTS, RELATIONSHIPS WITH RELATED PARTIES, AND POTENTIAL EXCESS BENEFIT TRANSACTIONS. WHEN A CONFLICT IS DISCLOSED, THE BOARD OF DIRECTORS DETERMINES WHETHER A CONFLICT EXISTS, EXCLUDING THE INTERESTED PERSON FROM DELIBERATIONS AND VOTING. IF A CONFLICT IS FOUND, THE BOARD EVALUATES WHETHER THE PROPOSED TRANSACTION IS FAIR, REASONABLE, AND IN THE BEST INTEREST OF THE ORGANIZATION, AND MAY SEEK ALTERNATIVES OR COMPARABILITY DATA. ALL PROCEEDINGS, INCLUDING DISCLOSURES, DETERMINATIONS, AND VOTES, ARE DOCUMENTED IN BOARD MINUTES. THE POLICY ALSO INCLUDES PROCEDURES FOR ADDRESSING VIOLATIONS, MAINTAINING CONFIDENTIALITY, AND CONDUCTING PERIODIC REVIEWS TO ENSURE COMPLIANCE WITH CHARITABLE PURPOSES AND IRS REGULATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART IX, LINE 11G STRATEGIC CONSULTING: PROGRAM SERVICE EXPENSES 197,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 197,900.