Totals
- Total revenue
- $268,323
- Total expenses
- -$60,797
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $268,323
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $4,295,544
- Total liabilities, end of year
- $1,356
- Net assets or fund balances, end of year
- $4,294,188
- Program services expenses (Part IX)
- -$60,797
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- -$60,797
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: LENDING ACTIVITIES
total $268,323 · related or exempt $268,323
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $4,725 · program services $4,725
-
13 · Office expenses
total $4,478 · program services $4,478
-
24a · Other expenses: LOAN LOSS PROVISION
total -$70,000 · program services -$70,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $393,992 · end of year $155,491
-
4 · Accounts receivable
beginning of year $16,924 · end of year $24,516
-
7 · Other notes and loans receivable
beginning of year $3,555,282 · end of year $4,115,537
-
17 · Accounts payable and accrued expenses
beginning of year $1,130 · end of year $1,356
-
27 · Net assets without donor restrictions
beginning of year $3,965,068 · end of year $4,294,188
Mission and programs · 2022
Mission
TO STRENGTHEN ECONOMIC, ECOLOGICAL AND FAMILY RESILIENCE IN PACIFIC NORTHWEST COMMUNITIES.
-
PROVIDING BUSINESS SUPPORT, MARKETING ASSISTANCE AND HIGH RISK NON-BANK CREDIT TO BUSINESSES SPECIFIC TO SHARIA COMPLIANT FINANCING AND INDIVIDUALS IN WASHINGTON AND OREGON; IMPROVING THE PHYSICAL AND ECONOMIC ENVIRONMENTS THROUGH ENERGY EFFICIENCY MISSION BASED LENDING.
Expenses -$60,797 · Revenue $268,323
As filed on the 2022 return.
Listed in Part VII
-
Paul BenoitPAUL BENOIT
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Jo Ann KauffmanJO ANN KAUFFMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Ronald GrzywinskiRONALD GRZYWINSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Alan OkagakiALAN OKAGAKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Stan AmySTAN AMY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Walt KrumbholzWALT KRUMBHOLZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Chad OlneyCHAD OLNEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Muthu MuthiahMUTHU MUTHIAH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Mary HoughtonMARY HOUGHTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Linda NettekovenLINDA NETTEKOVEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Lee WinslettLEE WINSLETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Andrea SandersonANDREA SANDERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Bruce BrooksBRUCE BROOKS
PRESIDENT
- Total calculated
- $249,662
- From this org
- $0
- From related orgs
- $227,227
- Other
- $22,435
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $226,600 related
- Bonus
- $0
- Other
- $0 + $627 related
- Deferred
- $0 + $13,634 related
- Nontaxable benefits
- $0 + $8,801 related
- Filer's total
- $0 + $249,662 related
-
Adam ZimmermanADAM ZIMMERMAN
CHIEF EXECUTIVE OFFICER
- Total calculated
- $291,676
- From this org
- $0
- From related orgs
- $284,338
- Other
- $7,338
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $273,025 related
- Bonus
- $0 + $10,603 related
- Other
- $0 + $710 related
- Deferred
- $0 + $5,666 related
- Nontaxable benefits
- $0 + $1,672 related
- Filer's total
- $0 + $291,676 related
-
Mark StevensonMARK STEVENSON
CHIEF FINANCIAL OFFICER, EVP
- Total calculated
- $207,081
- From this org
- $0
- From related orgs
- $178,703
- Other
- $28,378
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $172,998 related
- Bonus
- $0 + $5,039 related
- Other
- $0 + $666 related
- Deferred
- $0 + $10,722 related
- Nontaxable benefits
- $0 + $17,656 related
- Filer's total
- $0 + $207,081 related
-
Ronalene MonteithRONALENE MONTEITH
CHIEF CREDIT OFFICER, EVP
- Total calculated
- $204,026
- From this org
- $0
- From related orgs
- $191,112
- Other
- $12,914
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $183,613 related
- Bonus
- $0 + $6,952 related
- Other
- $0 + $547 related
- Deferred
- $0 + $11,467 related
- Nontaxable benefits
- $0 + $1,447 related
- Filer's total
- $0 + $204,026 related
-
Sonya LynnSONYA LYNN
CHIEF OPERATING OFFICER, EVP
- Total calculated
- $175,054
- From this org
- $0
- From related orgs
- $156,113
- Other
- $18,941
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $148,979 related
- Bonus
- $0 + $6,509 related
- Other
- $0 + $625 related
- Deferred
- $0 + $6,751 related
- Nontaxable benefits
- $0 + $12,190 related
- Filer's total
- $0 + $175,054 related
-
Michael DickersonMICHAEL DICKERSON
INNOVATION & EVALUATION DIRECTOR
- Total calculated
- $225,859
- From this org
- $0
- From related orgs
- $211,793
- Other
- $14,066
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $202,893 related
- Bonus
- $0 + $8,273 related
- Other
- $0 + $627 related
- Deferred
- $0 + $12,211 related
- Nontaxable benefits
- $0 + $1,855 related
- Filer's total
- $0 + $225,859 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 5b · Pay contingent on a related organization's revenues
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 5
- THE RELATED ORGANIZATION, CRAFT3, HAS A DISCRETIONARY BONUSING PROGRAM BASED ON THE OVERALL FINANCIAL PERFORMANCE OF THE ORGANIZATION AND INDIVIDUAL PERFORMANCE. THIS BONUSING PROGRAM IS OFFERED TO ALL EMPLOYEES AND OFFICERS EXCEPT THE PRESIDENT AND CEO. THE CEO'S BONUS IS AT THE SOLE DISCRETION OF THE BOARD. THE PRESIDENT'S BONUS IS MANAGED BY THE CEO. BONUSES WERE AWARDED FOR EMPLOYEES, OFFICERS AND THE CEO IN 2022.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · LENDING · WA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
RELATED · LENDING · WA · 70% owned · general or managing partner
Directly controlled by CRAFT3 FUTURE FUND
-
15709HWY 99 LLC
RELATED · LENDING · WA · 55% owned · general or managing partner
Directly controlled by CRAFT3 FUTURE FUND
-
CRAFT3 INVESTMENT II LLC
LENDING · WA
-
CRAFT3 INVESTMENT X LLC
LENDING · WA
-
CRAFT3 INVESTMENT XI LLC
LENDING · WA
-
CRAFT3 INVESTMENT XII LLC
LENDING · WA
-
CRAFT3 INVESTMENT XIV LLC
LENDING · WA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
WINDFARM INVESTMENTS
C · LENDING · WA
-
CRAFT3 INVESTMENT XIII LLC
C · LENDING · WA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343009349300039
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