Organizations Filed Purposes:
RMMFI CREATES THE SPACE FOR COMMUNITIES AND PEOPLE OF ALL BACKGROUNDS TO REALIZE THEIR UNIQUE POTENTIAL THROUGH THE POWER OF ENTREPRENEURSHIP.
RMMFI DOESN'T JUST INVEST IN BUSINESSES; WE INVEST IN PEOPLE, AND WE DO IT WITH MORE THAN DOLLARS. WHILE WE'RE PROUD TO BE A COMMUNITY-BASED LENDER AND CDFI, WE VIEW ENTREPRENEURSHIP MORE BROADLY AS A SYSTEM OF PEOPLE, BUSINESSES, AND COMMUNITY. OUR DISTINCT APPROACH BRINGS THESE ELEMENTS TOGETHER TO ALLOW INDIVIDUALS OF ALL BACKGROUNDS, GEOGRAPHIES, AND INCOME DISPARITY TO TAP INTO THE SOCIAL AND ECONOMIC BENEFITS OF BUSINESS OWNERSHIP. CAPITAL MEETS CAPACITY: WITHOUT A PURPOSE, CAPITAL CAN BE DESTRUCTIVE. RMMFI SUPPORTS THE JOURNEY OF EACH ENTREPRENEUR WITH DEDICATED SUPPORT INCLUDING NOT ONLY ACCESS TO CAPITAL BUT ALSO EDUCATION, MENTORSHIP, TECHNICAL ASSISTANCE, PEER ACCOUNTABILITY, AND COMMUNITY CONNECTIONS. OUR COMPREHENSIVE, COHORT-BASED MODEL HAS CATALYZED THE LAUNCH OF OVER 240 BUSINESSES IN THE DENVER METRO AREA, BOASTS A 93% REPAYMENT RATE ON OUR LOANS, AND LEADS TO AN 84% BUSINESS SURVIVORSHIP RATE. WHOLE ENTREPRENEUR SUPPORT: AT THE HEART OF EVERY BUSINESS IS A PERSON. IT IS ULTIMATELY THE STRENGTH OF THESE INDIVIDUALS THAT LEADS TO THE CREATION OF HEALTHY BUSINESSES AND VIBRANT, PROSPEROUS ECONOMIES. RMMFI BUILDS GENUINE RELATIONSHIPS AND DEEP TRUST WITH ENTREPRENEURS, THEN PROVIDES THE INDIVIDUALIZED TOOLS THEY NEED TO ACTIVATE THEIR UNIQUE POTENTIAL. AS A RESULT, 92% OF RMMFI ENTREPRENEURS REPORT BEING ON A PATH TOWARD SUCCESS IN LIFE THANKS TO BUSINESS OWNERSHIP.COMMUNITY-CENTERED APPROACH: THE AVERAGE RMMFI MICROBUSINESS GENERATES $22,000 IN ANNUAL BENEFITS THROUGH JOB CREATION, TAX REVENUE, AND LOCAL EXPENDITURES. 82% OF RMMFI ENTREPRENEURS ALSO GIVE BACK BY VOLUNTEERING, DONATING, AND SERVING ON LOCAL BOARDS, THEREBY CREATING POSITIVE RIPPLE EFFECTS FOR ENTIRE COMMUNITIES. RMMFI'S MODEL PRIORITIZES LEVERAGING EXISTING COMMUNITY ASSETS: WE PARTNER WITH AND INVEST IN TRUSTED LOCAL ORGANIZATIONS, AND WE RECRUIT LOCAL MENTORS TO SUPPORT THE ENTREPRENEUR JOURNEY. RMMFI OFFERS A PROVEN PATH TO BUILDING INDIVIDUAL AND COMMUNITY WEALTH. EVERY $1 INVESTED IN OUR MODEL PRODUCES $4.14 IN MEASURABLE SOCIAL AND ECONOMIC IMPACTS. WE BELIEVE IN THE POWER OF LOCAL ENTREPRENEURSHIP BECAUSE WE'RE ENTREPRENEURS AND COMMUNITY MEMBERS OURSELVES: OUR STAFF IS 40% CURRENT OR FORMER SMALL BUSINESS OWNERS, 60% WOMEN, AND 40% PEOPLE OF COLOR. WE'RE READYWITH YOUR SUPPORTTO RAPIDLY DEPLOY OUR WHOLE ENTREPRENEUR MODEL TO ENSURE THAT ALL COLORADO COMMUNITIES CAN BUILD AND REBUILD INCLUSIVE, THRIVING ECONOMIES.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Rob Smith | CEO | 50 | $70,715 |
| Tara Dunn | BOARD MEMBER | 2 | $0 |
| Jessica Beck | BOARD MEMBER | 2 | $0 |
| Justin Ball | BOARD MEMBER | 2 | $0 |
| Andrew Schmidt | BOARD MEMBER | 2 | $0 |
| Jamie Stone | BOARD MEMBER | 2 | $0 |
| Sirena Rolfe | BOARD MEMBER | 2 | $0 |
| Heather Kendrick | SECRETARY | 3 | $0 |
| Jarrod Schleiger | TREASURER | 3 | $0 |
| Kathy Streeter | VICE-PRESIDENT | 3 | $0 |
| Aimee Charlton | PRESIDENT | 3 | $0 |
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public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202022099349300917_public.xml