2026-07-22T13:51:52-05:00 2025-12-31 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2025-01-01 841171311 BSIDE CAPITAL BSID 3036570010 3350 BRIGHTON BLVD SUITE 235 DENVER CO 80216 KAROL JONES CFO 3036570010 2026-07-22 1 KATY BROWN P00650274 9257902600 2026-07-22 2025 2025-03-06 01:10:19Z CHRISTOPHER MYERS 3350 BRIGHTON BLVD SUITE 235 DENVER CO 80216 7538274 0 X WWW.BSIDECAPITAL.ORG X 1990 CO TO FOSTER THE ECONOMIC GROWTH OF DIVERSE SMALL BUSINESSES WITHIN OUR COMMUNITIES. 16 15 49 97 0 0 0 0 7274510 6992877 639960 497000 28092 48397 7942562 7538274 142651 66567 0 0 5500753 6112513 0 0 0 2029409 1989376 7672813 8168456 269749 -630182 10913756 9223992 5046846 4095960 5866910 5128032 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 COMMUNITY ADVANTAGE AND DIRECT LOAN PROGRAMS OFFERING BUSINESSES LOANS UP TO $350,000 AT AFFORDABLE RATES. 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 LENDER SERVICE PROVIDER SERVICES PROVIDING PROCESSING AND EDUCATIONAL SUPPORT TO BANK PARTNERS OFFERING THE SBA 7(A) PROGRAM. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 30 0 1 49 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 36.00 4.00 X X 429500 0 2295 DANIEL RYLEY PAST PRESIDENT (THRU 01/25) 1.00 1.00 X X 0 0 0 LUKE DAVIDSON PAST PRESIDENT 1.00 1.00 X X 0 0 0 SUSANA SALAMUN PRESIDENT 1.00 1.00 X X 0 0 0 AMY HILLMAN VICE PRESIDENT 1.00 1.00 X X 0 0 0 TODD GUYMON TREASURER 1.00 1.00 X X 0 0 0 KYLE SICKMAN SECRETARY 1.00 1.00 X X 0 0 0 MARK ABELL BOARD MEMBER 1.00 1.00 X 0 0 0 DANIEL BENNETT BOARD MEMBER 1.00 1.00 X 0 0 0 ANITA BORONKAY BOARD MEMBER 1.00 1.00 X 0 0 0 RYAN FLANDERS 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 GABRIELA MARQUES 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 (THRU 11/25) 1.00 1.00 X 0 0 0 NATHAN TERVORT BOARD MEMBER 1.00 1.00 X 0 0 0 ROBIN WANDSCHNEIDER-STIEGELMAR BOARD MEMBER 1.00 1.00 X 0 0 0 KAROL JONES CHIEF FINANCIAL OFFICER 30.00 10.00 X 266718 0 29534 LAUREL WALK CHIEF OPERATING OFFICER 36.00 4.00 X 257191 0 25532 JESSICA STUTZ LENDING & PRIORITY ASSETS DIRECTOR 40.00 X 166146 0 25475 LAURA KEASLING CLOSING DIRECTOR 40.00 X 163588 0 23183 RACHEL RUSSELL LENDER SERVICES DIRECTOR 40.00 X 158695 0 5004 MARIE PETERS B:SIDE FUND DIRECTOR 16.00 24.00 X 154805 0 21013 SPENCER MONROE SENIOR CUSTOMER RELATIONS OFFICER 40.00 X 146892 0 23666 BRIANA RICKERTSEN 504 UNDERWRITING & TRAINING MANAGER 40.00 X 146554 0 20800 PAUL STAN SENIOR CUSTOMER RELATIONS OFFICER 40.00 X 138926 0 20484 2029015 0 196986 17 0 1 0 0 SBA 504 SERVICING FEES 522291 3736375 3736375 SBA 504 PACKING FEES 522291 1108065 1108065 INTEREST REBATE 522291 913211 913211 OTHER PACKING & SERVIC 522291 642121 642121 MANAGEMENT FEE INCOME 522291 593105 593105 6992877 466641 466641 30359 0 30359 30359 30359 OTHER INCOME 900099 37789 37789 LOAN LIQUIDATION RECOV 900099 10608 10608 48397 7538274 7003485 0 534789 66567 1436732 3642689 169819 474371 388902 57784 65123 90730 45162 134070 220650 313421 92553 303259 122737 14918 95383 LENDING EXPENSE 241365 BAD DEBT 130687 ASSOCIATION MEMBERSHIP 39195 FUNDING SUBSIDY PAYMENT 19780 2559 8168456 6437438 5819064 34846 59991 3376925 2381987 125911 111494 116273 80017 40931 36256 897705 815200 10913756 9223992 184912 207111 479396 310250 2731524 2079149 1651014 1499450 5046846 4095960 X 5866910 5128032 5866910 5128032 10913756 9223992 -630182 -108696 0 X 0 1 X 1 1 1 47866 47866 0 68407 32151 36256 36256 SBA LOAN RECEIVABLE 16865 DUE FROM RELATED PARTY 500000 ROU ASSET 298335 815200 LEASE LIABILITY 317818 REFUNDABLE ADVANCE 1117000 ALLOWANCE FOR PCLP 14300 CHFA CLIMBER 50332 1499450 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, 2025. 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) 66567 0 PROGRAM SERVICES 1 PART I, LINE 2: THE BOARD APPROVED A $66,567 CAPITAL CONTRIBUTION TO B:SIDE FUND FOR CONTINUED LENDING EFFORTS. X 0 0 0 CHRISTOPHER MYERS CHIEF EXECUTIVE OFFICER 275000 0 154500 0 0 0 0 0 2295 0 431795 0 0 0 KAROL JONES CHIEF FINANCIAL OFFICER 181218 0 85500 0 0 0 16530 0 13004 0 296252 0 0 0 LAUREL WALK CHIEF OPERATING OFFICER 171691 0 85500 0 0 0 10551 0 14981 0 282723 0 0 0 JESSICA STUTZ LENDING & PRIORITY ASSETS DIRECTOR 146146 0 20000 0 0 0 10960 0 14515 0 191621 0 0 0 LAURA KEASLING CLOSING DIRECTOR 143588 0 20000 0 0 0 9932 0 13251 0 186771 0 0 0 MARIE PETERS B:SIDE FUND DIRECTOR 139805 0 15000 0 0 0 9588 0 11425 0 175818 0 0 0 SPENCER MONROE SENIOR CUSTOMER RELATIONS OFFICER 121876 0 25016 0 0 0 9694 0 13972 0 170558 0 0 0 BRIANA RICKERTSEN 504 UNDERWRITING & TRAINING MANAGER 128417 0 18137 0 0 0 8902 0 11898 0 167354 0 0 0 RACHEL RUSSELL LENDER SERVICES DIRECTOR 137195 0 21500 0 0 0 2240 0 2764 0 163699 0 0 0 PAUL STAN SENIOR CUSTOMER RELATIONS OFFICER 93462 0 45464 0 0 0 8034 0 12450 0 159410 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE JANUARY 7, 2025, THE ORGANIZATION AMENDED ITS BYLAWS TO UPDATE THE PRINCIPAL OFFICE ADDRESS AND TO FORMALIZE THE CREDIT APPROVAL PROCESS FOR SBA 504 LOANS. THE AMENDMENT REQUIRES LOAN REVIEW COMMITTEE APPROVAL FOR LOANS UNDER $2,000,000 AND BOARD APPROVAL FOR LOANS OF $2,000,000 OR MORE PRIOR TO SBA SUBMISSION, CODIFYING EXISTING POLICY AND PRACTICE TO MEET SBA REQUIREMENTS. THE SIGNATURE BLOCK WAS ALSO UPDATED TO REFLECT THE CURRENT SECRETARY. 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 593105 CONTRACT/AGREEMENT BSIDE FUND Q 460575 BOOK VALUE BSIDE FUND B 66567 AGREEMENT BSIDE FUND D 500000 YEAR END BALANCE