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Bin Sba Loan INC FY2024 filing

Tax-deductible

Tukwila, WA501(c)(3)Since 2016Public & Societal Benefit EIN 81-4001005Revenue $99K in FY2024Latest return filed Jul 28, 2026

On file with the IRSTukwila, WATax-exempt since Aug 2020Publicly supported — 509(a)(2)

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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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
3219 mo
of spending, in cash
Looks good: 3218.6 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
$401K
88% of total assets
Concern: liabilities are 88% 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
$99K
+214% vs prior year
Spent
$810
To programs
100%
Net assets
$55K
By yearFY2020–FY2025
Revenue
$99K
FY2024▲ +214%
Tap a bar for its year
Revenue by fiscal year
FY2020$39K
FY2021$35K
FY2022$20K
FY2023$31K
FY2024$99K
FY2025$18K
Expenses
$810
FY2024▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$47K
FY2021$82K
FY2022$65K
FY2023$643
FY2024$810
FY2025$22K
Net assets
$55K
FY2024▲ +228%
Tap a bar for its year
Net assets by fiscal year
FY2020$154K
FY2021$149K
FY2022$69K
FY2023−$43K
FY2024$55K
FY2025$51K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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% · $810

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

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
John Zmolek
Board Chair
$0Pt VII · Sec A
Kellen Ball
Board Vice Chair
$0Pt VII · Sec A
Paul Kirkbride
Board Treasurer
$0Pt VII · Sec A
Lorri Wallace
Secretary
$0Pt VII · Sec A
Jessica Enzi
Director (thru 1/24)
$0Pt VII · Sec A
Peter Ha
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bin Sba Loan INC executive salaries →

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.

Questions for Bin Sba Loan INC

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1 program · $810 · in their own filed words · FY2024
01

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

$810program expense

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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$99K
Ln 12
Gifts and grantsLn 1h$71K
Fees for servicesLn 2g$21K
Other incomeLn 4–11$6K
Money outPt IX
$810
Ln 25
Programscol B$810
Owns and owesPt X
$55K
net assets · Ln 32
Cash and savingsLn 1–2$217K
Total assetsLn 16$455K
LiabilitiesLn 26$401K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$71K
Fees for servicesLn 2g$21K
Other incomeLn 4–11$6K
Total revenueLn 12$99K
Assets in detailPt X, end of year
CashLn 1$217K
Cash and savings togetherLn 1–2$217K
Accounts receivableLn 4$238K
Total assetsLn 16$455K
LiabilitiesLn 26$401K
Net assetsLn 32$55K
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 FY24End FY24
Cash and savingsLn 1–2$256K$217K
Total assetsLn 16$414K$455K
LiabilitiesLn 26$456K$401K
Net assetsLn 32−$43K$55K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$810$810
Total functional expensesLn 25$810$810$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 28, 2026 $18K$22K−$3K$51K 990 PDF
FY2024 ViewingFiled with the IRS Jun 16, 2025 $99K$810$98K$55K 990 PDF
FY2023Filed with the IRS Sep 16, 2024 $31K$643$31K−$43K 990 PDF
FY2022Filed with the IRS Nov 3, 2023 $20K$65K−$46K$69K 990 PDF
FY2021Filed with the IRS Oct 31, 2022 $35K$82K−$48K$149K 990 PDF
FY2020Filed with the IRS Jun 2, 2022 $39K$47K−$8K$154K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $98,556 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$71,367
I-9 Program service revenuePrior year $18,740$21,479
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $12,688$5,710
I-12 Total revenuePrior year $31,428$98,556
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $643$810
I-18 Total expensesPrior year $643$810
I-19 Revenue less expensesPrior year $30,785$97,746
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $98,556 across 5 lines filed
VIII-1d Related organizations$71,367
VIII-1h Total contributions, gifts and grants$71,367
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,479$21,479
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,710$5,710
VIII-12 Total revenueRelated to mission $27,189 · Unrelated business $0 · Excluded from tax $0$98,556
Part IX · Statement of functional expenses $810 across 1 line filed
IX-20 InterestPrograms $810$810
IX-25 Total functional expensesPrograms $810 · Management $0 · Fundraising $0$810
Part X · Balance sheet $455,397 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $256,264$217,254
X-4 Accounts receivableStart of year $157,273$238,143
X-16 Total assetsStart of year $413,537$455,397
X-23 Secured mortgages and notes payableStart of year $456,467$400,581
X-26 Total liabilitiesStart of year $456,467$400,581
X-27 Net assets without donor restrictionsStart of year −$42,930$54,816
X-32 Total net assets or fund balancesStart of year −$42,930$54,816
X-33 Total liabilities and net assetsStart of year $413,537$455,397
Part XI · Reconciliation of net assets $54,816 net assets at year end
XI-1 Total revenue$98,556
XI-2 Total expenses$810
XI-3 Revenue less expenses$97,746
XI-4 Net assets at start of year−$42,930
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$54,816

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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