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Bin Sba Loan INC

Tax-deductible

Tukwila, WA501(c)(3)Since 2016Public & Societal BenefitEIN 81-4001005

To provide loan financing and support to serve the needs of and benefit small business and residents in the state of washington.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $4K a year · 10% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
75 mo
of spending, in cash
Looks good: 75.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $71K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$341K
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18K
-81% vs prior year
Spent
$22K
To programs
100%
Net assets
$51K
By yearFY2020–FY2025
Revenue
$18K
FY2025▼ -81%
Revenue by fiscal year
FY2020$39K
FY2021$35K
FY2022$20K
FY2023$31K
FY2024$99K
FY2025$18K
Expenses
$22K
FY2025▲ ×27
Expenses by fiscal year
FY2020$47K
FY2021$82K
FY2022$65K
FY2023$643
FY2024$810
FY2025$22K
Net assets
$51K
FY2025▼ -6%
Net assets by fiscal year
FY2020$154K
FY2021$149K
FY2022$69K
FY2023−$43K
FY2024$55K
FY2025$51K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Revoked May 2019, reinstated. IRS ruling Aug 2020, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Aug 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $22K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Kellen Ball
Board Chair
$0Pt VII · Sec A
Sean O'Mealia
Board Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Megan Snyder
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Peter Ha
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Kurt Heath
Director
$0Pt VII · Sec A
See Bin Sba Loan INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps businesses grow to create jobs in underserved communities.

Provided by the organization

This section is blank until Bin Sba Loan INC claims this page.

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1 program service account for $22K of program spending, described in the organization's own filed words · FY2025.
01

To provide loan financing and support to serve the needs of and benefit small business and residents in the state of washington.

$22Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Seattle Economic Development FundFY2024$71K
Total grants receivedfrom 1 funder$71K
Grants paid · 1 grant · $20K · 2025–2025
Business Impact NwWA · FY2025$20,256

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$18K
Ln 12
Fees for servicesLn 2g$12K
Other incomeLn 4–11$6K
Money outPt IX
$22K
Ln 25
Programscol B$22K
Owns and owesPt X
$51K
net assets · Ln 32
Cash and savingsLn 1–2$138K
Total assetsLn 16$392K
LiabilitiesLn 26$341K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$12K
Other incomeLn 4–11$6K
Total revenueLn 12$18K
Assets in detailPt X, end of year
CashLn 1$138K
Cash and savings togetherLn 1–2$138K
Total assetsLn 16$392K
LiabilitiesLn 26$341K
Net assetsLn 32$51K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$217K$138K
Total assetsLn 16$455K$392K
LiabilitiesLn 26$401K$341K
Net assetsLn 32$55K$51K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
InterestLn 20$2K$2K
Total functional expensesLn 25$22K$22K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $18K$22K−$3K$51K 990 PDF
FY2024 $99K$810$98K$55K 990 PDF
FY2023 $31K$643$31K−$43K 990 PDF
FY2022 $20K$65K−$46K$69K 990 PDF
FY2021 $35K$82K−$48K$149K 990 PDF
FY2020 $39K$47K−$8K$154K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $18,408 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,127$12,127
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,281$6,281
VIII-12 Total revenueRelated to mission $18,408 · Unrelated business $0 · Excluded from tax $0$18,408
Part IX · Statement of functional expenses $21,894 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $20,256$20,256
IX-20 InterestPrograms $1,638$1,638
IX-25 Total functional expensesPrograms $21,894 · Management $0 · Fundraising $0$21,894
Part X · Balance sheet $392,050 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $217,254$137,535
X-4 Accounts receivableStart of year $238,143$254,515
X-16 Total assetsStart of year $455,397$392,050
X-26 Total liabilitiesStart of year $400,581$340,720
X-27 Net assets without donor restrictionsStart of year $54,816$51,330
X-32 Total net assets or fund balancesStart of year $54,816$51,330
X-33 Total liabilities and net assetsStart of year $455,397$392,050
Part XI · Reconciliation of net assets $51,330 net assets at year end
XI-1 Total revenue$18,408
XI-2 Total expenses$21,894
XI-3 Revenue less expenses−$3,486
XI-4 Net assets at start of year$54,816
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$51,330

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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