Rocky Mountain Innovation Initiative d/b/a Innosphere Ventures: Single Audit Reports and Findings
Rocky Mountain Innovation Initiative d/b/a Innosphere Ventures filed 1 single audit between 2024 and 2024; the most recently observed auditor is SASSETTI LLC (2024), and the 2024 report lists 16 findings, including 1 material weakness. Data as of 2026-09-16.
Data as of Sep 16, 2026 · Source: Federal Audit Clearinghouse (public data)
Single audits by year
One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; Rocky Mountain Innovation Initiative d/b/a Innosphere Ventures is recorded in FORT COLLINS, Colorado under EIN 770707779, and the Clearinghouse records it as a nonprofit.
| Audit year | Fiscal year end | Federal expended | Threshold applied | Auditor observed | Findings | MW / SD | FAC report |
|---|---|---|---|---|---|---|---|
| 2024 | 2024-12-31 | $3,887,848 | $750,000 | SASSETTI LLC | 16 | MW / SD | 2024-12-GSAFAC-0000407764 |
Which federal programs did this organization report?
From the most recent accepted report. "Major" is the designation the auditor made under 2 CFR 200.518, not ours.
| ALN | Program | Expended | Major |
|---|---|---|---|
| 47.084 | NSF TECHNOLOGY, INNOVATION, AND PARTNERSHIPS | $2,608,024 | Yes |
| 11.020 | CLUSTER GRANTS | $601,740 | No |
| 47.084 | NSF TECHNOLOGY, INNOVATION, AND PARTNERSHIPS | $436,697 | Yes |
| 21.027 | CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS | $241,387 | No |
What findings did the auditor report?
The reference and the requirement letter are the ones the auditor used. The finding text itself is not reproduced here; the FAC report linked above carries it in full.
| Reference | Requirement | Severity | Repeat |
|---|---|---|---|
| 2024-002 | L | Other | No |
| 2024-003 | P | Significant deficiency | No |
| 2024-004 | C | Material weakness / Questioned costs | No |
| 2024-005 | B | Significant deficiency | No |
Form 990 and IRS registration
Form 990 "accounting fees" (Part IX line 11c) cover all accounting services reported by the organization and are not the price of an audit engagement.
- Most recent return
- 990 for 2024-12
- Total revenue
- $5,432,187
- Total assets
- $9,690,456
- Accounting fees (Part IX line 11c)
- $242,983
- Paid preparer
- PLANTE & MORAN PLLC
- IRS object id
- 202503189349304940
- NTEE code
- S30
- Exempt under
- 501(c)(3)
- Ruling year
- 2009
- BMF release
- 2026-09-17
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How we computed this
Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits Rocky Mountain Innovation Initiative d/b/a Innosphere Ventures now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.
Cite this page
AuditRadar. “Rocky Mountain Innovation Initiative d/b Single Audits.” https://getauditradar.com/single-audits/co/rocky-mountain-innovation-initiative-d-b-a-innosphere-ventures-770707779/. Data as of 2026-09-16.