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Nonprofiteer
← CRAFT3 FUTURE ENERGY FUND

Form 990 for tax year 2023

Filed by CRAFT3 FUTURE ENERGY FUND.

Totals

Total revenue
$405,349
Total expenses
$12,274
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$402,820
Investment income
$0
Other revenue
$2,529
Total assets, end of year
$6,138,445
Total liabilities, end of year
$1,178
Net assets or fund balances, end of year
$6,137,267
Program services expenses (Part IX)
$12,274
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$12,274

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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 $402,820 · related or exempt $402,820

  • 11a · Other revenue: LOAN LOSS PROVISION

    total $2,529 · related or exempt $2,529

  • 11e · Other revenue, total

    $2,529

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,330 · program services $4,330

  • 13 · Office expenses

    total $6,194 · program services $6,194

  • 24a · Other expenses: LOAN SERVICING COSTS

    total $1,750 · program services $1,750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $155,491 · end of year $1,604,175

  • 4 · Accounts receivable

    beginning of year $24,516 · end of year $26,757

  • 7 · Other notes and loans receivable

    beginning of year $4,115,537 · end of year $4,507,513

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,356 · end of year $1,178

  • 27 · Net assets without donor restrictions

    beginning of year $4,294,188 · end of year $6,137,267

Mission and programs · 2023

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 $12,274 · Revenue $405,349

As filed on the 2023 return.

Listed in Part VII

  • Paul Benoit

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Jo Ann Kauffman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Ronald Grzywinski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Alexa Kelly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Alan Okagaki

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Stan Amy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Walt Krumbholz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Shivon Brite

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Mary Houghton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Linda Nettekoven

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Andrea Caupain Sanderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Lee Winslett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Adam Zimmerman

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $325,376
    From this org
    $0
    From related orgs
    $301,065
    Other
    $24,311
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,783 related
    Bonus
    $0 + $21,842 related
    Other
    $0 + $440 related
    Deferred
    $0 + $16,416 related
    Nontaxable benefits
    $0 + $7,895 related
    Filer's total
    $0 + $325,376 related
  • Bruce Brooks

    PRESIDENT

    Total calculated
    $250,764
    From this org
    $0
    From related orgs
    $218,814
    Other
    $31,950
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,739 related
    Bonus
    $0 + $15,635 related
    Other
    $0 + $440 related
    Deferred
    $0 + $14,841 related
    Nontaxable benefits
    $0 + $17,109 related
    Filer's total
    $0 + $250,764 related
  • Ronalene Monteith

    CHIEF CREDIT OFFICER, EVP

    Total calculated
    $205,105
    From this org
    $0
    From related orgs
    $175,002
    Other
    $30,103
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,893 related
    Bonus
    $0 + $12,669 related
    Other
    $0 + $440 related
    Deferred
    $0 + $12,445 related
    Nontaxable benefits
    $0 + $17,658 related
    Filer's total
    $0 + $205,105 related
  • Mark Stevenson

    NEW MARKETS TAX CREDIT DIRECTOR, EVP

    Total calculated
    $199,663
    From this org
    $0
    From related orgs
    $163,438
    Other
    $36,225
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,023 related
    Bonus
    $0 + $12,975 related
    Other
    $0 + $440 related
    Deferred
    $0 + $11,706 related
    Nontaxable benefits
    $0 + $24,519 related
    Filer's total
    $0 + $199,663 related
  • Jane Repensek

    CHIEF FINANCIAL OFFICER

    Total calculated
    $152,443
    From this org
    $0
    From related orgs
    $147,160
    Other
    $5,283
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,800 related
    Bonus
    $0
    Other
    $0 + $360 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $5,283 related
    Filer's total
    $0 + $152,443 related
  • Sonya Lynn

    CHIEF OPERATING OFFICER

    Total calculated
    $168,764
    From this org
    $0
    From related orgs
    $143,849
    Other
    $24,915
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,129 related
    Bonus
    $0 + $10,280 related
    Other
    $0 + $440 related
    Deferred
    $0 + $6,751 related
    Nontaxable benefits
    $0 + $18,164 related
    Filer's total
    $0 + $168,764 related
  • Michael Dickerson

    INNOVATION AND EVALUATION DIRECTOR

    Total calculated
    $223,354
    From this org
    $0
    From related orgs
    $208,803
    Other
    $14,551
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,443 related
    Bonus
    $0 + $14,000 related
    Other
    $0 + $360 related
    Deferred
    $0 + $12,447 related
    Nontaxable benefits
    $0 + $2,104 related
    Filer's total
    $0 + $223,354 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

None.

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
  • 5b · Pay contingent on a related 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 3
COMPENSATION IS PAID BY RELATED ORGANIZATION, CRAFT3, WHICH USES THE FOLLOWING METHODS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

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.

  • 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.

  • CRAFT3 INVESTMENT XIII LLC

    C · LENDING · WA

  • WINDFARM INVESTMENTS

    C · LENDING · WA

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413169349305161

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