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Nonprofiteer
← CRAFT3 FUTURE ENERGY FUND

Form 990 for tax year 2024

Filed by CRAFT3 FUTURE ENERGY FUND.

Totals

Total revenue
$473,162
Total expenses
$13,973
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$529,739
Investment income
$0
Other revenue
-$56,577
Total assets, end of year
$7,307,472
Total liabilities, end of year
$5,016
Net assets or fund balances, end of year
$7,302,456
Program services expenses (Part IX)
$13,973
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$13,973

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 $529,739 · related or exempt $529,739

  • 11a · Other revenue: LOAN LOSS PROVISION

    total -$56,577 · related or exempt -$56,577

  • 11e · Other revenue, total

    -$56,577

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,263 · program services $6,263

  • 13 · Office expenses

    total $7,710 · program services $7,710

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,604,175 · end of year $405,975

  • 4 · Accounts receivable

    beginning of year $26,757 · end of year $153,574

  • 7 · Other notes and loans receivable

    beginning of year $4,507,513 · end of year $6,747,923

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,178 · end of year $5,016

  • 27 · Net assets without donor restrictions

    beginning of year $6,137,267 · end of year $7,302,456

Mission and programs · 2024

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 $13,973 · Revenue $473,162

As filed on the 2024 return.

Listed in Part VII

  • PAUL BENOIT

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • SHIVON BRITE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • ANDREA CAUPAIN SANDERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • LISA DOW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • RONALD GRZYWINSKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • MARY HOUGHTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • JO ANN KAUFFMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • ALEXIA KELLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • WALT KRUMBHOLZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • LINDA NETTEKOVEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • ALAN OKAGAKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • SUE TAOKA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • LEE WINSLETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • GREGORY BRADLEY

    CHIEF CREDIT OFFICER

    Total calculated
    $178,397
    From this org
    $0
    From related orgs
    $166,406
    Other
    $11,991
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,397 related
    Bonus
    $0 + $8,529 related
    Other
    $0 + $480 related
    Deferred
    $0 + $8,319 related
    Nontaxable benefits
    $0 + $3,672 related
    Filer's total
    $0 + $178,397 related
  • BRUCE BROOKS

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $339,564
    From this org
    $0
    From related orgs
    $303,154
    Other
    $36,410
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,649 related
    Bonus
    $0 + $16,025 related
    Other
    $0 + $480 related
    Deferred
    $0 + $15,392 related
    Nontaxable benefits
    $0 + $21,018 related
    Filer's total
    $0 + $339,564 related
  • CHRISTOPHER LARSON

    CHIEF STRATEGY OFFICER

    Total calculated
    $189,722
    From this org
    $0
    From related orgs
    $152,464
    Other
    $37,258
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,476 related
    Bonus
    $0 + $9,508 related
    Other
    $0 + $480 related
    Deferred
    $0 + $8,560 related
    Nontaxable benefits
    $0 + $28,698 related
    Filer's total
    $0 + $189,722 related
  • CARL SEIP

    CHIEF MARKETING OFFICER

    Total calculated
    $211,279
    From this org
    $0
    From related orgs
    $191,155
    Other
    $20,124
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,315 related
    Bonus
    $0 + $10,360 related
    Other
    $0 + $480 related
    Deferred
    $0 + $9,671 related
    Nontaxable benefits
    $0 + $10,453 related
    Filer's total
    $0 + $211,279 related
  • MARGARET WEILAND

    CHIEF DEVELOPMENT & STAFF OFFICER

    Total calculated
    $250,801
    From this org
    $0
    From related orgs
    $221,298
    Other
    $29,503
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,908 related
    Bonus
    $0 + $10,910 related
    Other
    $0 + $480 related
    Deferred
    $0 + $11,106 related
    Nontaxable benefits
    $0 + $18,397 related
    Filer's total
    $0 + $250,801 related
  • MARK STEVENSON

    CHIEF FINANCIAL OFFICER

    Total calculated
    $231,980
    From this org
    $0
    From related orgs
    $199,106
    Other
    $32,874
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,212 related
    Bonus
    $0 + $12,414 related
    Other
    $0 + $480 related
    Deferred
    $0 + $11,908 related
    Nontaxable benefits
    $0 + $20,966 related
    Filer's total
    $0 + $231,980 related
  • TURNER WASKOM

    CHIEF LENDING OFFICER

    Total calculated
    $240,102
    From this org
    $0
    From related orgs
    $234,591
    Other
    $5,511
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,264 related
    Bonus
    $0 + $11,847 related
    Other
    $0 + $480 related
    Deferred
    $0 + $4,380 related
    Nontaxable benefits
    $0 + $1,131 related
    Filer's total
    $0 + $240,102 related
  • ADAM ZIMMERMAN

    CHIEF EXECUTIVE OFFICER (UNTIL 3/25/24)

    Total calculated
    $285,952
    From this org
    $0
    From related orgs
    $280,923
    Other
    $5,029
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,957 related
    Bonus
    $0
    Other
    $0 + $1,966 related
    Deferred
    $0 + $2,355 related
    Nontaxable benefits
    $0 + $2,674 related
    Filer's total
    $0 + $285,952 related
  • SONYA LYNN

    CHIEF OPERATING OFFICER (UNTIL 2/9/2024)

    Total calculated
    $320,190
    From this org
    $0
    From related orgs
    $313,543
    Other
    $6,647
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $51,291 related
    Bonus
    $0 + $12,132 related
    Other
    $0 + $250,120 related
    Deferred
    $0 + $3,240 related
    Nontaxable benefits
    $0 + $3,407 related
    Filer's total
    $0 + $320,190 related
  • JANEY REPENSEK

    CHIEF FINANCIAL OFFICER (UNTIL 7/1/2024)

    Total calculated
    $153,775
    From this org
    $0
    From related orgs
    $142,335
    Other
    $11,440
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,605 related
    Bonus
    $0 + $9,450 related
    Other
    $0 + $280 related
    Deferred
    $0 + $10,813 related
    Nontaxable benefits
    $0 + $627 related
    Filer's total
    $0 + $153,775 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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202542959349301754

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