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Nonprofiteer
← INATAI COMMUNITY FUND

Form 990 for tax year 2022

Filed by INATAI COMMUNITY FUND.

Totals

Total revenue
$1,518,288
Total expenses
$310,726
Contributions and grants received
$19,249
Grants paid
$200,000
Program service revenue
$0
Investment income
$1,498,923
Other revenue
$116
Total assets, end of year
$16,011,158
Total liabilities, end of year
$665,176
Net assets or fund balances, end of year
$15,345,982
Program services expenses (Part IX)
$200,000
Management and general expenses
$110,726
Fundraising expenses
$0
Program service expenses (Part III)
$200,000

Program services were 64.4% 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.

  • 1f · All other contributions, gifts and grants

    $19,249

  • 3 · Investment income

    total $629,588 · excluded $629,588

  • 7a · Gross sales of assets other than inventory

    securities $14,934,347

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

    securities $14,065,012

  • 7c · Gain or loss

    securities $869,335

  • 7d · Net gain or loss

    total $869,335 · excluded $869,335

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $116 · related or exempt $116

  • 11e · Other revenue, total

    $116

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $200,000 · program services $200,000

  • 5 · Compensation of officers, directors and key employees

    total $24,657 · management and general $24,657

  • 7 · Other salaries and wages

    total $7,945 · management and general $7,945

  • 8 · Pension plan contributions

    total $1,156 · management and general $1,156

  • 9 · Other employee benefits

    total $699 · management and general $699

  • 10 · Payroll taxes

    total $1,802 · management and general $1,802

  • 11c · Fees: accounting

    total $7,750 · management and general $7,750

  • 11f · Fees: investment management

    total $52,108 · management and general $52,108

  • 11g · Fees: other

    total $3,124 · management and general $3,124

  • 13 · Office expenses

    total $11,485 · management and general $11,485

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $186,685 · end of year $1,066,654

  • 2 · Savings and temporary cash investments

    beginning of year $406,173 · end of year $35,194

  • 11 · Investments: publicly traded securities

    beginning of year $17,355,002 · end of year $14,148,775

  • 15 · Other assets

    beginning of year $1,020,176 · end of year $760,535

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,334 · end of year $25,109

  • 25 · Other liabilities

    beginning of year $591,012 · end of year $640,067

  • 27 · Net assets without donor restrictions

    beginning of year $8,621,217 · end of year $4,804,161

  • 28 · Net assets with donor restrictions

    beginning of year $9,741,473 · end of year $10,541,821

Mission and programs · 2022

Mission

OUR MISSION IS TO TRANSFORM THE BALANCE OF POWER TO ENSURE EQUITY AND RACIAL JUSTICE ACROSS WASHINGTON AND BEYOND.

  • INATAI COMMUNITY FUND (PREVIOUSLY THE GHF COMMUNITY FUND) IS A 501(C)(3) NONPROFIT CORPORATION THAT AIMS TO TRANSFORM THE BALANCE OF POWER TO ENSURE EQUITY AND RACIAL JUSTICE ACROSS WASHINGTON AND BEYOND. IN 2022, INATAI COMMUNITY FUND REFLECTED AND EXPLORED HOW PROGRAMS AND GRANTS WILL WORK IN PARALLEL WITH INATAI FOUNDATION, THE SOLE CORPORATE MEMBER OF INATAI COMMUNITY FUND.

    Expenses $200,000 · Grants $200,000 · Revenue $116

As filed on the 2022 return.

Listed in Part VII

  • Martha Choe

    CHAIR (FROM 03/2022)

    Total calculated
    $28,500
    From this org
    $0
    From related orgs
    $28,500
    Other
    $0
    Hours/week
    0.1 + 2.37 related

  • Luz Vega-Marquis

    TREASURER

    Total calculated
    $28,500
    From this org
    $0
    From related orgs
    $28,500
    Other
    $0
    Hours/week
    0.1 + 2.74 related

  • Seth Kirby

    VICE CHAIR

    Total calculated
    $28,500
    From this org
    $0
    From related orgs
    $28,500
    Other
    $0
    Hours/week
    0.1 + 2.21 related

  • Katherine Bell

    CHAIR (THRU 03/2022)

    Total calculated
    $28,500
    From this org
    $0
    From related orgs
    $28,500
    Other
    $0
    Hours/week
    0.18 + 2.18 related

  • Nichole Maher

    PRESIDENT AND CEO

    Total calculated
    $822,735
    From this org
    $0
    From related orgs
    $763,584
    Other
    $59,151
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $643,084 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $20,500 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $28,651 related
    Filer's total
    $0 + $822,735 related

  • Carmen Loh

    FINANCE AND ADMINISTRATION DIRECTOR

    Total calculated
    $212,787
    From this org
    $0
    From related orgs
    $178,929
    Other
    $33,858
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,929 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,678 related
    Nontaxable benefits
    $0 + $15,180 related
    Filer's total
    $0 + $212,787 related

  • Cory Sbarbaro

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $467,261
    From this org
    $0
    From related orgs
    $425,860
    Other
    $41,401
    Hours/week
    1.2 + 38.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $414,588 related
    Bonus
    $0
    Other
    $0 + $11,272 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $10,901 related
    Filer's total
    $0 + $467,261 related

  • Willa Gubner

    ACCOUNTING MANAGER

    Total calculated
    $172,956
    From this org
    $0
    From related orgs
    $143,955
    Other
    $29,001
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,955 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,839 related
    Nontaxable benefits
    $0 + $14,162 related
    Filer's total
    $0 + $172,956 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
OFFICERS AND DIRECTORS OF INATAI COMMUNITY FUND DO NOT RECEIVE COMPENSATION. OFFICERS AND DIRECTORS OF INATAI FOUNDATION (THE RELATED ORGANIZATION) RECEIVE COMPENSATION. THE RELATED ORGANIZATION BOARD OF DIRECTORS HAS OVERSIGHT OF THE COMPENSATION POLICY. THE RELATED ORGANIZATION IS RESPONSIBLE FOR SETTING THE PRESIDENT/CEO AND EXECUTIVE VICE PRESIDENT SALARIES. THE PRESIDENT/CEO, EXECUTIVE VICE PRESIDENT, FINANCE/ADMINISTRATION DIRECTOR AND ACCOUNTING MANAGER RECEIVE COMPENSATION AND BENEFITS FROM THE RELATED ORGANIZATION.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202333189349304688

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