To strengthen economic, ecological and family resilience in pacific northwest communities.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$2.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $10.0M a year · 31% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.4M
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
10 mo
of spending, in cash
Plus $30.1M in investments, Pt X · Ln 11–13
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $15.4M
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$111.7M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.2M
-29% vs prior year
Spent
$16.0M
To programs
78%
Net assets
$70.4M
By yearFY2020–FY2024
Revenue
$19.2M
FY2022▼ -29%
Tap a bar for its year
Revenue by fiscal year
FY2020$26.9M
FY2021$26.9M
FY2022$19.2M
FY2023$32.1M
FY2024$53.6M
Expenses
$16.0M
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$19.3M
FY2021$14.6M
FY2022$16.0M
FY2023$20.6M
FY2024$38.3M
Net assets
$70.4M
FY2022▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$59.0M
FY2021$68.6M
FY2022$70.4M
FY2023$81.8M
FY2024$97.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1995.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $12.5M Management & general 18% · $2.9M Fundraising 3% · $510K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990; $2.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$284,338Pt VII · Sec A
President
$227,227Pt VII · Sec A
Innovation and Evaluation Director
$211,793Pt VII · Sec A
Chief Credit Officer, EVP
$191,112Pt VII · Sec A
Legal Counsel, VP
$181,161Pt VII · Sec A
Chief Financial Officer, EVP
$178,703Pt VII · Sec A
IT Director, VP
$158,204Pt VII · Sec A
Commercial Lending Director, SVP
$156,698Pt VII · Sec A

Sonya Lynn’s $314K as Chief Operating Officer (until 2/9/24) is at the 58th percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sonya Lynn$313,543$143,849$156,113$150,198$140,371
Bruce Brooks$303,154$218,814$227,227$37,585—
Adam Zimmerman$280,923$301,065$284,338$274,765$253,839
Ronalene Monteith$245,701$175,002$191,112$185,069$173,146
Michael Dickerson$235,770$208,803$211,793$204,473$191,476
Turner Waskom$234,591$158,081$156,698$152,582$154,261
Margaret Weiland$221,298$143,390$134,311$127,690—
James Galbraith$202,134$176,243$181,161——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Provides expert consulting in strategic planning, economic development, and real estate to help Pacific Northwest businesses, nonprofits, and local governments achieve their goals.

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Provided by the organization

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2 programs · $12.5M · in their own filed words · FY2022
01

Lending Activities

Providing business support, marketing assistance and high risk non-bank credit to businesses and individuals in washington and oregon. Improving the physical and economic environments through reduction of waste, energy and chemical usage through mission based lending.

$11.5Mprogram expense
02

Program Consulting

Providing expert guidance in strategic planning, organizational development, economic development, and real estate development. The services are designed to assist businesses, non-profit organizations and local governments in accomplishing their goals.

$1.1Mprogram 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
See all 6 funders →
Grants paid · 12 grants · $13.3M · 2022–2024
Micro Enterprise Service of OregonFY2024$9,589,705
Unitemized GrantFY2024$1,306,630
CairoOR · FY2024$1,000,000
Low Income Investment FundCA · FY2024$507,652
Unitemized GrantFY2024$504,526
Richmond Learning AcademyFY2024$107,225
Unitemized GrantFY2024$34,800
Unitemized GrantFY2023$206,072
Unitemized GrantFY2023$30,847
Community Housing FundOR · FY2023$22,000
Unitemized GrantFY2022$28,949

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$19.2M
Ln 12
Fees for servicesLn 2g$12.1M
Gifts and grantsLn 1h$6.3M
Investment incomeLn 3$890K
Money outPt IX
$16.0M
Ln 25
Programscol B$12.5M
Managementcol C$2.9M
Fundraisingcol D$510K
Owns and owesPt X
$70.4M
net assets · Ln 32
Cash and savingsLn 1–2$12.7M
Total assetsLn 16$182.1M
LiabilitiesLn 26$111.7M
PeoplePt VI, VII
26
listed · VII A
PaidVII A14
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.3M
Government grantsLn 1e$4.6M
Fees for servicesLn 2g$12.1M
Investment incomeLn 3$890K
Gains on assetsLn 7$329K
Total revenueLn 12$19.2M
Assets in detailPt X, end of year
CashLn 1$2.7M
SavingsLn 2$10.0M
Cash and savings togetherLn 1–2$12.7M
InvestmentsLn 11–13$30.1M
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$5.5M
Total assetsLn 16$182.1M
LiabilitiesLn 26$111.7M
Net assetsLn 32$70.4M
OperationsPt I, VI
EmployeesI 576
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$25.6M$12.7M
InvestmentsLn 11–13$27.9M$30.1M
Land, buildings, equipmentLn 10c$434K$1.1M
Total assetsLn 16$178.6M$182.1M
LiabilitiesLn 26$109.9M$111.7M
Net assetsLn 32$68.6M$70.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$220K$220K
Grants to domestic individualsLn 2$29K$29K
Pay of current officers, directors and key staffLn 5$1.9M$961K$923K
Other salaries and wagesLn 7$6.0M$5.6M$144K$276K
Pension plan contributionsLn 8$2.5M$2.1M$293K$86K
Management feesLn 11a$4K$4K
Legal feesLn 11b$49K$14K$885$34K
Accounting feesLn 11c$227K$149K$78K
Office expensesLn 13$108K$72K$32K$4K
Information technologyLn 14$713K$475K$209K$29K
OccupancyLn 16$695K$463K$204K$28K
TravelLn 17$162K$95K$59K$9K
InterestLn 20$1.9M$1.9M$608
Depreciation, depletion and amortizationLn 22$80K$54K$24K$3K
InsuranceLn 23$126K$84K$37K$5K
Other expenses (24a–d)Ln 24$796K$259K$501K$35K
All other expensesLn 24e$497K$56K$440K$439
Total functional expensesLn 25$16.0M$12.5M$2.9M$510K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $53.6M$38.3M$15.3M$97.5M 990 PDF
FY2023 $32.1M$20.6M$11.4M$81.8M 990 PDF
FY2022 Viewing $19.2M$16.0M$3.2M$70.4M 990 PDF
FY2021 $26.9M$14.6M$12.4M$68.6M 990 PDF
FY2020 $26.9M$19.3M$7.6M$59.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $19,219,259 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,992,572$6,269,398
I-9 Program service revenuePrior year $10,600,655$12,060,240
I-10 Investment incomePrior year $2,343,289$889,621
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $26,936,516$19,219,259
I-13 Grants and similar amounts paidPrior year $0$248,949
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,267,185$10,413,156
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,315,857$5,330,685
I-18 Total expensesPrior year $14,583,042$15,992,790
I-19 Revenue less expensesPrior year $12,353,474$3,226,469
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $19,219,259 across 7 lines filed
VIII-1e Government grants$4,596,139
VIII-1f All other contributions, gifts and grants$1,673,259
VIII-1h Total contributions, gifts and grants$6,269,398
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,060,240$12,060,240
VIII-3 Investment incomeExcluded from tax $561,076$561,076
VIII-7 Net gain or loss on sales of assetsExcluded from tax $328,545$328,545
VIII-12 Total revenueRelated to mission $12,060,240 · Unrelated business $0 · Excluded from tax $889,621$19,219,259
Part IX · Statement of functional expenses $15,992,790 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $220,000$220,000
IX-2 Grants to domestic individualsPrograms $28,949$28,949
IX-5 Pay of current officers, directors and key staffPrograms $960,722 · Management $923,472$1,884,194
IX-7 Other salaries and wagesPrograms $5,627,088 · Management $143,887 · Fundraising $276,492$6,047,467
IX-8 Pension plan contributionsPrograms $2,101,627 · Management $293,396 · Fundraising $86,472$2,481,495
IX-11a Management feesPrograms $3,750$3,750
IX-11b Legal feesPrograms $13,571 · Management $885 · Fundraising $34,067$48,523
IX-11c Accounting feesPrograms $149,402 · Management $77,820$227,222
IX-13 Office expensesPrograms $71,699 · Management $31,548 · Fundraising $4,302$107,549
IX-14 Information technologyPrograms $475,420 · Management $209,185 · Fundraising $28,525$713,130
IX-16 OccupancyPrograms $463,386 · Management $203,890 · Fundraising $27,803$695,079
IX-17 TravelPrograms $94,795 · Management $58,854 · Fundraising $8,653$162,302
IX-20 InterestPrograms $1,873,939 · Management $608$1,874,547
IX-22 Depreciation, depletion and amortizationPrograms $53,547 · Management $23,560 · Fundraising $3,213$80,320
IX-23 InsurancePrograms $83,713 · Management $36,834 · Fundraising $5,023$125,570
IX-24 Other expenses (24a–d)Programs $259,445 · Management $501,280 · Fundraising $34,981$795,706
IX-24e All other expensesPrograms $56,137 · Management $440,411 · Fundraising $439$496,987
IX-25 Total functional expensesPrograms $12,537,190 · Management $2,945,630 · Fundraising $509,970$15,992,790
Part X · Balance sheet $182,110,281 assets, 19 lines filed
Asset lines not itemized here account for $130,127,521; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $14,746,521$2,654,762
X-2 Savings and temporary cash investmentsStart of year $10,861,940$10,010,298
X-3 Pledges and grants receivableStart of year $879,600$1,078,178
X-4 Accounts receivableStart of year $1,154,635$1,149,037
X-9 Prepaid expenses and deferred chargesStart of year $278,352$385,872
X-10c Land, buildings and equipment, netStart of year $434,256$1,096,508
X-11 Publicly traded securitiesStart of year $26,740,801$29,094,146
X-13 Program-related investmentsStart of year $1,176,557$967,853
X-15 Other assetsStart of year $4,273,304$5,546,106
X-16 Total assetsStart of year $178,565,925$182,110,281
X-17 Accounts payable and accrued expensesStart of year $1,292,496$1,759,630
X-19 Deferred revenueStart of year $1,267,662$1,053,377
X-24 Unsecured notes and loans payableStart of year $107,228,486$107,811,568
X-25 Other liabilitiesStart of year $0$952,397
X-26 Total liabilitiesStart of year $109,935,158$111,734,376
X-27 Net assets without donor restrictionsStart of year $63,945,469$67,086,212
X-28 Net assets with donor restrictionsStart of year $4,685,298$3,289,693
X-32 Total net assets or fund balancesStart of year $68,630,767$70,375,905
X-33 Total liabilities and net assetsStart of year $178,565,925$182,110,281
Part XI · Reconciliation of net assets $70,375,905 net assets at year end
XI-1 Total revenue$19,219,259
XI-2 Total expenses$15,992,790
XI-3 Revenue less expenses$3,226,469
XI-4 Net assets at start of year$68,630,767
XI-5 Net unrealized gains (losses) on investments−$1,481,331
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$70,375,905

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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