Exponential Impact
To develop the best entrepreneurs humanly possible. XI advances its mission through a dual focus on emerging technology and community impact. Each track serves a distinct group of businesses and entrepreneurs in the pikes peak region with programs that address each group's unique challenges and opportunities for growth.
Exponential Impact at a glance
In short: Exponential Impact gave $64K across 2 grants in 2025 (avg $32K), mostly in Colorado. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $63,909
- -39.1% vs 2024
- Grants made (2025)
- 2
- -60.0% vs 2024
- Average grant
- $31,955
- +52.2% vs 2024
- Median grant
- $31,955
- Total assets
- $5,149,303
- -2.8% vs 2024
- Primary geography
- Colorado (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Exponential Impact
Open Grants
5 open opportunities from Exponential Impact
Survive & Thrive SPICE Program
Exponential Impact
Amount
Varies
Deadline
Deadline not published
XI Accelerator - SCALE Cohort
Exponential Impact
Amount
Varies
Deadline
Deadline not published
XI Accelerator - START Cohort
Exponential Impact
Amount
Varies
Deadline
Deadline not published
Who Exponential Impact funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Merriman Land Works dba Flat and Fancy ($34K). Together the top 2 received $64K.
Grant Size Distribution
78 grants across all recorded years
The most common grant size was under $50K: 67 grants of 78 (86%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Exponential Impact gives
- Giving fell 95% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $64K (2025) to $1.2M (2022). In 2025 it made 2 grants totaling $64K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Merriman Land Works dba Flat and Fancy Colorado Springs, CO | Low interest loan forgiven | $33,909 |
| Veterans Home First Monument, CO | Low interest loan forgiven | $30,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $5,149,303 | $832,992 | $842,665 | $63,909 | 2 | $99,286 |
| 2024 | $5,295,573 | $2,153,332 | $800,507 | $105,000 | 5 | $108,459 |
| 2023 | $4,055,793 | $652,358 | $591,959 | — | — | $9,859 |
| 2022 | $3,778,747 | $3,043,599 | $1,979,926 | $1,221,900 | 49 | $5,445 |
| 2021 | $3,022,764 | $1,129,971 | $872,014 | $425,000 | 22 | $2,195 |
| 2020 | $2,715,192 | $646,352 | $393,942 | — | — | $845 |
About Exponential Impact
Based on IRS filings
Exponential Impact is a public charity focused on Community Improvement & Capacity Building, based in Colorado Springs, CO. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5.1M in total assets. In 2025, it awarded 2 grants totaling $64K. Net investment income was $99K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Exponential Impact is led by Max Cupp, Executive Director on every filing since 2024; 1 of 9 officers listed in 2025 is compensated.
Officers on the 2025 filing
Max Cupp
Executive Director
On filings since 2024
40 hrs/week
$50K (2024) → $100K (2025)
Jay Jesse
President
Vice Chair → Chair, 2022
Chair → President, 2023
On filings since 2021
1 hr/week
No compensation reported
Vance Brown
Member
Executive Director → Executive Director & Member, 2024
Executive Director & Member → Member, 2025
On filings since 2020
1 hr/week
$35K (2022) → $0 (2025)
Chris Jenkins
Member
Director → Member, 2023
On filings since 2020
1 hr/week
No compensation reported
Sarah Jane Maxted
Secretary
Director → Member, 2023
Member → Secretary, 2024
On filings since 2020
1 hr/week
No compensation reported
Leif Ullman
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Maureen S. Lawrence
Vice President
Member → Vice President, 2024
On filings since 2023
1 hr/week
No compensation reported
Yemi Mobolade
Member
On filings since 2023
1 hr/week
No compensation reported
Angela Mader Hartshorn
Member
On filings since 2024
1 hr/week
No compensation reported
Former officers (7)
- Former: Betsy Brown (2020–2024) — Member
- Former: Hannah Parsons (2020–2024) — Member
- Former: Emily Spratt (2020–2023) — Member
- Former: Jeff Green (2020–2023) — Member
- Former: Kyle Hybl (2020–2023) — Member
- Former: Natasha Main (2022) — Executive Director
- Former: Lisa Jesse (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $100K, to Max Cupp (Executive Director).
Frequently asked questions about Exponential Impact
How much does Exponential Impact give each year?
Exponential Impact gave $64K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $105K across 5 grants.
How large is Exponential Impact?
Exponential Impact reported $5.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $833K.
What is Exponential Impact?
Exponential Impact is a public charity focused on Community Improvement & Capacity Building, based in Colorado Springs, CO. It holds $5.1M in total assets as of 2025.
Where does Exponential Impact operate?
Exponential Impact has awarded grants in Colorado.
What is Exponential Impact's EIN?
Exponential Impact's EIN (Employer Identification Number) is 82-2707012. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 8, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Exponential Impact's focus areas in our free grants database
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Exponential Impact down — hundreds of funders to go?