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Nonprofiteer
← NORTHWEST NATIVE DEVELOPMENT FUND

Form 990 for tax year 2023

Filed by NORTHWEST NATIVE DEVELOPMENT FUND.

Totals

Total revenue
$2,358,245
Total expenses
$1,778,871
Contributions and grants received
$1,723,335
Grants paid
$0
Program service revenue
$554,752
Investment income
$28,289
Other revenue
$51,869
Total assets, end of year
$16,083,149
Total liabilities, end of year
$6,689,396
Net assets or fund balances, end of year
$9,393,753
Program services expenses (Part IX)
$1,135,195
Management and general expenses
$555,361
Fundraising expenses
$88,315
Program service expenses (Part III)
$1,135,195

Program services were 63.8% 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.

  • 1e · Government grants (contributions)

    $1,033,899

  • 1f · All other contributions, gifts and grants

    $689,436

  • 2a · Program service revenue: LOAN INTEREST AND FEES

    total $475,720 · related or exempt $475,720

  • 2b · Program service revenue: CONTRACT REVENUE

    total $79,032 · related or exempt $79,032

  • 3 · Investment income

    total $26,405 · excluded $26,405

  • 7a · Gross sales of assets other than inventory

    other assets $314,788

  • 7b · Less cost or other basis and sales expenses

    other assets $312,904

  • 7c · Gain or loss

    other assets $1,884

  • 7d · Net gain or loss

    total $1,884 · excluded $1,884

  • 11a · Other revenue: OTHER REVENUE

    total $51,869 · related or exempt $51,869

  • 11e · Other revenue, total

    $51,869

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $282,336 · program services $56,362 · management and general $208,670 · fundraising $17,304

  • 7 · Other salaries and wages

    total $138,426 · program services $91,719 · management and general $42,661 · fundraising $4,046

  • 8 · Pension plan contributions

    total $2,763 · program services $2,620 · management and general $133 · fundraising $10

  • 9 · Other employee benefits

    total $10,740 · program services $5,998 · management and general $4,313 · fundraising $429

  • 10 · Payroll taxes

    total $26,705 · program services $9,636 · management and general $15,729 · fundraising $1,340

  • 11b · Fees: legal

    total $5,445 · program services $422 · management and general $4,463 · fundraising $560

  • 11c · Fees: accounting

    total $36,019 · program services $2,788 · management and general $29,525 · fundraising $3,706

  • 11g · Fees: other

    total $114,529 · program services $8,866 · management and general $93,879 · fundraising $11,784

  • 12 · Advertising and promotion

    total $30,838 · program services $5,607 · management and general $10,929 · fundraising $14,302

  • 13 · Office expenses

    total $18,295 · program services $6,495 · management and general $11,800

  • 16 · Occupancy

    total $21,940 · program services $8,008 · management and general $13,932

  • 17 · Travel

    total $60,365 · program services $7,618 · management and general $44,362 · fundraising $8,385

  • 19 · Conferences, conventions and meetings

    total $47,473 · program services $5,991 · management and general $34,887 · fundraising $6,595

  • 20 · Interest

    total $79,611 · program services $79,611

  • 22 · Depreciation, depletion and amortization

    total $1,198 · management and general $1,198

  • 23 · Insurance

    total $17,228 · management and general $17,228

  • 24a · Other expenses: PROVISION FOR NOTES REC

    total $798,245 · program services $798,245

  • 24b · Other expenses: OUTREACH AND COMMUNITY

    total $43,954 · program services $29,894 · management and general $1,764 · fundraising $12,296

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $18,931 · program services $7,304 · management and general $11,627

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $16,272 · program services $8,011 · management and general $8,261

  • 24e · All other expenses

    total $7,558 · fundraising $7,558

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,733,318 · end of year $7,706,704

  • 2 · Savings and temporary cash investments

    beginning of year $2,786,795 · end of year $1,290,728

  • 3 · Pledges and grants receivable

    beginning of year $1,449,496 · end of year $457,980

  • 5 · Loans and receivables from officers and key people

    beginning of year $62,893 · end of year $719,127

  • 7 · Other notes and loans receivable

    beginning of year $6,209,502 · end of year $5,518,223

  • 9 · Prepaid expenses and deferred charges

    end of year $2,200

  • 10a · Land, buildings and equipment: cost or other basis

    $353,696

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,556

  • 10c · Land, buildings and equipment, net

    beginning of year $2,047 · end of year $345,140

  • 15 · Other assets

    beginning of year $665,966 · end of year $43,047

  • 17 · Accounts payable and accrued expenses

    beginning of year $125,404 · end of year $106,582

  • 19 · Deferred revenue

    end of year $2,114,954

  • 24 · Unsecured notes and loans payable

    beginning of year $4,176,456 · end of year $4,427,730

  • 25 · Other liabilities

    beginning of year $47,808 · end of year $40,130

  • 27 · Net assets without donor restrictions

    beginning of year $6,280,428 · end of year $6,280,428

  • 28 · Net assets with donor restrictions

    beginning of year $4,279,921 · end of year $3,113,325

Mission and programs · 2023

Mission

THE ORGANIZATION SEEKS TO FOSTER ECONOMIC AND FINANCIAL INDEPENDENCE FOR NATIVE PEOPLE BY ASSISTING IN THE DEVELOPMENT OF PERSONAL ASSETS THROUGH FINANCIAL AND ENTREPRENEURIAL EDUCATION AS WELL AS PROVIDING ACCESS TO CAPITAL THROUGH CREATIVE LENDING PRODUCTS.

Activities or mission (Part I)

TO FOSTER ECONOMIC AND FINANCIAL INDEPENDENCE FOR NATIVE PEOPLE.

  • DURING 2023, THE ORGANIZATION MADE 57 LOANS TOTALING $2,262,407. THE FUNDS WERE DISBURSED THROUGH 12 SMALL BUSINESS LOANS, 6 COMMERCIALS LOANS, 1 HOME, 36 CONSUMER LOANS, AND 2 MERCY LOANS.

    Expenses $941,329 · Revenue $606,621

  • INDIANPRENUERSHIP WAS FOSTERED THROUGH BOTH GROUP AND ONE-ON-ONE MEETINGS LOCATED IN OMAK, SPOKANE, AND COULEE DAM. THESES SMALL BUSINESS COUNSELING SESSIONS LED TO FUNCTIONAL BUSINESS PLANS, AS WELL AS MARKETING PLANS. APPROXIMATELY 16 MEETINGS WERE HELD DURING 2023.

    Expenses $163,972

  • THE ORGANIZATION CONDUCTED SEVERAL OUTREACH AND COMMUNITY ENGAGEMENT WORKSHOPS THAT FOCUSED ON FINANCIAL SUBJECTS INCLUDING BUDGETING, HOMEOWNERSHIP, FINANCIAL SOFTWARE, AND BUSINESS PLANNING. APPROXIMATELY 9 WORKSHOPS WERE HELD DURING 2023.

    Expenses $29,894

As filed on the 2023 return.

Listed in Part VII

  • Kenneth Stanger

    CHAIRMAN

    Total calculated
    $3,150
    From this org
    $3,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Molly Morris-Hobrecht

    VICE CHAIR

    Total calculated
    $2,850
    From this org
    $2,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Teresa Payne

    SECRETARY

    Total calculated
    $2,650
    From this org
    $2,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Kim Peone

    TREASURER/INTERIM ED

    Total calculated
    $77,450
    From this org
    $77,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Marina Turningrobe

    DIRECTOR

    Total calculated
    $2,450
    From this org
    $2,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Jordan Ruiz As Of 102023

    EXECUTIVE DIRECTOR

    Total calculated
    $94,389
    From this org
    $91,103
    From related orgs
    $0
    Other
    $3,286
    Hours/week
    40

  • Theodore Piccolo Thru 82023

    EXECUTIVE DIRECTOR

    Total calculated
    $78,870
    From this org
    $75,866
    From related orgs
    $0
    Other
    $3,004
    Hours/week
    40

  • Cassandra Waters

    DIRECTOR OF FINANCE

    Total calculated
    $96,276
    From this org
    $92,656
    From related orgs
    $0
    Other
    $3,620
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433179349304378

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