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← PACIFIC NORTHWEST TRIBAL LENDING A COMMUNITY DEVELOPMENT FINANCIAL

Form 990 for tax year 2023

Filed by PACIFIC NORTHWEST TRIBAL LENDING A COMMUNITY DEVELOPMENT FINANCIAL.

Totals

Total revenue
$991,915
Total expenses
$767,810
Contributions and grants received
$798,405
Grants paid
$0
Program service revenue
$191,554
Investment income
$1,956
Other revenue
$0
Total assets, end of year
$4,699,953
Total liabilities, end of year
$915,246
Net assets or fund balances, end of year
$3,784,707
Program services expenses (Part IX)
$631,510
Management and general expenses
$136,300
Fundraising expenses
$0
Program service expenses (Part III)
$631,510

Program services were 82.2% 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)

    $98,725

  • 1f · All other contributions, gifts and grants

    $699,680

  • 2a · Program service revenue: LOAN INTEREST

    total $154,585 · related or exempt $154,585

  • 2b · Program service revenue: LOAN RECOVERY

    total $22,313 · related or exempt $22,313

  • 2c · Program service revenue: SERVICE REVENUE

    total $14,656 · related or exempt $14,656

  • 3 · Investment income

    total $1,956 · excluded $1,956

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $132,049 · program services $104,136 · management and general $27,913

  • 7 · Other salaries and wages

    total $191,471 · program services $150,998 · management and general $40,473

  • 9 · Other employee benefits

    total $49,089 · program services $38,712 · management and general $10,377

  • 10 · Payroll taxes

    total $24,121 · program services $19,022 · management and general $5,099

  • 11b · Fees: legal

    total $17,520 · program services $16,617 · management and general $903

  • 11c · Fees: accounting

    total $18,000 · program services $17,073 · management and general $927

  • 11g · Fees: other

    total $41,390 · program services $39,257 · management and general $2,133

  • 12 · Advertising and promotion

    total $4,036 · program services $4,036

  • 13 · Office expenses

    total $26,202 · program services $18,093 · management and general $8,109

  • 16 · Occupancy

    total $47,388 · program services $35,460 · management and general $11,928

  • 17 · Travel

    total $30,944 · program services $18,957 · management and general $11,987

  • 19 · Conferences, conventions and meetings

    total $12,878 · program services $10,892 · management and general $1,986

  • 20 · Interest

    total $19,616 · program services $17,897 · management and general $1,719

  • 23 · Insurance

    total $16,924 · program services $15,329 · management and general $1,595

  • 24a · Other expenses: BAD DEBT

    total $106,195 · program services $97,347 · management and general $8,848

  • 24b · Other expenses: MISCELLANEOUS

    total $14,935 · program services $12,632 · management and general $2,303

  • 24c · Other expenses: BANK SERVICE FEES

    total $12,216 · program services $12,216

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,836 · program services $2,836

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,395,174 · end of year $1,860,365

  • 3 · Pledges and grants receivable

    beginning of year $304,023 · end of year $598,963

  • 7 · Other notes and loans receivable

    beginning of year $1,720,493 · end of year $2,226,144

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,500 · end of year $14,481

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,496 · end of year $30,677

  • 25 · Other liabilities

    beginning of year $839,092 · end of year $884,569

  • 27 · Net assets without donor restrictions

    beginning of year $2,970,846 · end of year $2,926,194

  • 28 · Net assets with donor restrictions

    beginning of year $589,756 · end of year $858,513

Mission and programs · 2023

Mission

TO PROVIDE ACCESS TO EDUCATION, FINANCING, AND ASSET GROWTH IN ORDER TO IMPROVE THE PROSPERITY AND WELL BEING OF FAMILIES, THROUGH TECHNICAL ASSISTANCE AND DEVELOPMENT SERVICES OF FINANCIAL LITERACY, BUDGETING, AND BUSINESS PLAN COUNSELING. THE ORGANIZATION SEEKS TO SERVE AS THE BRIDGE TO MAINSTREAM FINANCING INTITUTIONS. LENDING PRODUCTS INCLUDE COLLATERALIZED LOANS FOR MICROENTERPRISES AND SMALL BUSINESSES FOR PURPOSES OF WORKING CAPITAL AND FIXED ASSETS. THE ORGANIZATION MAKES LOANS TO MEMBERS OF THE LUMMI NATION, RESIDENTS OF THE LUMMI RESERVATION, AND OTHER NATIVE AMERICANS OR PRIVATE INDIVIDUALS AND ENTITIES WHOSE ACTIVITIES WILL ACCRUE SOCIAL OR ECONOMIC BENEFIT TO THE LUMMI NATION OR RESIDENTS OF THE LUMMI RESERVATION.

Activities or mission (Part I)

TO PROVIDE ACCESS TO EDUCATION IN ORDER TO IMPROVE THE PROSPERITY AND WELL-BEING OF FAMILIES.

  • PROVIDED SMALL BUSINESS LOANS TO ALLOW COMMUNITY GROWTH, DEVELOPMENT, AND EDUCATION TO OCCUR WHILE KEEPING FUNDS IN THE COMMUNITY FOR THE BENEFIT OF THE LUMMI TRIBE AND SURROUNDING AREA.

    Expenses $631,510 · Revenue $191,554

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rex Rhoades

    BOARD CHAIRMAN

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Cindy Cultee

    VICE-CHAIR

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Joseph Bowen

    SECRETARY

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Debra Lekanoff

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Fred Eningowuk

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Michener

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nancy Jordan

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $132,049
    From this org
    $104,811
    From related orgs
    $0
    Other
    $27,238
    Hours/week
    50

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
30 September 2024
IRS schema version
2023v5.1
Source object
202412819349301201

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