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CHARITY REVIEW
Issued: August 2023 Expires: August 2025

Innovations in Aging Collaborative

Accredited Charity
Accredited Charity

Meets Standards

427 E Colorado Ave, Studio 201
Colorado Springs, CO, 80903-3601

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Innovations in Aging Collaborative meets the 20 Standards for Charity Accountability.

Stated Purpose:
The mission of Innovations in Aging Collaborative is to convene the community to promote creative approaches that address the challenges and opportunities of aging. 

Year, State Incorporated:
2012, CO

We are the local stewards of Age-Friendly Pikes Peak, an international framework adopted by communities choosing to serve aging with intention. In addition, we partner with our local BBB for an Age-Friendly Business Certification in Southern Colorado and also look for creative ways to support entrepreneurs in AgeTech and small business whose solutions advance our mission in the Pikes Peak region. Our collaboration with the local arts community is based at our offices at Cottonwood Center for the Arts where we look to uplift the work of older adult artists in our region. 

For the year ended December 31, 2021, Innovations in Aging Collaborative's program expenses were:

Programs $140,398
Total Program Expenses $140,398

Chief Executive
Erin Maruzzella, Executive Director/CEO

Chair of the Board
Dayton Romero, Program Manager

Chair's Profession / Business Affiliation
OATS AARP

Board Size
15

Paid Staff Size
2

Method(s) Used:
Grant proposals, Internet, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 4.01%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Innovations in Aging Collaborative's audited financial statements for the year ended December 31, 2021.

Source of Funds
Foundation Contributions and Grants $164,500
Other Income $38,237
Individual Contributions $4,032
Corporate Contributions $2,513
Investment Income $601
Total Income $209,883

Programs: 74% Fundraising: 4% Administrative: 23%

Total Income $209,883
Total expenses: $190,175
  Program expenses $140,398
  Fundraising expenses $6,862
  Administrative expenses $42,915
  Other expenses $0
Income in Excess of Expenses $19,708
Beginning Net Assets $201,530
Other Changes In Net Assets $0
Ending Net Assets $221,238
Total Liabilities $36,049
Total Assets $257,287

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB of Southern Colorado