1803 Fund: Nonprofit Profile, Financials & Form 990 (EIN 92-2585176)

Revenue by fiscal year
FY2023	$0
FY2024	$22.4M
FY2025	$55.6M

Expenses by fiscal year
FY2023	$2.2M
FY2024	$13.1M
FY2025	$21.8M

Net assets by fiscal year
FY2023	−$2.2M
FY2024	$7.1M
FY2025	$40.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2024.

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

Where the money goes

92 cents of each dollar spent went to programs.

92%

Program services 92% · $20.2M Management & general 8% · $1.7M

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

8 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation

Rukaiyah Adams

CEO/Secretary

$587,548Pt VII · Sec A

D'Artagnan Caliman

VP, Partnerships

$233,282Pt VII · Sec A

Cyreena Boston Ashby

VP, External Affairs

$205,253Pt VII · Sec A

Cobi Byrd

Chief Operating Officer

$182,625Pt VII · Sec A

Camille Idedevbo

Dir, Data Strategy & Organizational Learning

$168,264Pt VII · Sec A

Juma SEI

Community Partnerships Manager

$151,220Pt VII · Sec A

John Donahoe

Board Treasurer

$0Pt VII · Sec A

Larry Miller

Board Chair

$0Pt VII · Sec A

Rukaiyah Adams’s $588K as CEO/Secretary is at the 84th 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

Name	FY2025	FY2024	FY2023
Rukaiyah Adams	$587,548	$501,560	$487,313
D'Artagnan Caliman	$233,282	$225,137	$138,659
Mich Greenberg	—	$225,048	$121,531
Cyreena Boston Ashby	$205,253	—	—
Cobi Byrd	$182,625	—	—
Camille Idedevbo	$168,264	—	—
Juma SEI	$151,220	—	—
Curtrina Huff	—	$104,666	—

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
Loans to or from officersSch L · Pt II1 listed

Programs and updates

Strengthens Black community cohesion, autonomy, and power in Portland.

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Provided by the organization

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3 programs · $20.2M · in their own filed words · FY2025

01

In 2025, the community investment team accomplished the FOLLOWING:1. Made a 10-YEAR, $75m commitment to underwrite direct service expenditures of self enhancement inc. And albina head START2. Launched the 1803 fund's place-making grant program to activate, enrich and fortify real estate assets in ALBINA3.

$16.8Mprogram expense

02

In 2025, the executive office team accomplished the FOLLOWING:1. Coordinated over $400k in responsive grants to support national and portland black leadership convenings 2. Launched the 1803 fund's external affairs practice to engage with and support public & municipal PARTNERS3.

$2.4Mprogram expense

03

In 2025, the 1803 real estate team accomplished the FOLLOWING:1. Refined the 1803 fund's 'rebuild albina' strategy to focus on direct real estate investment in historic ALBINA2. Formulated real estate investment framework and future acquisition PIPELINE3.

$930Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 48 grants · $24.1M · 2024–2025

Self Enhancement INCOR · FY2025$5,000,000

Albina Head Start INCOR · FY2025$2,500,000

Albina Vision INCOR · FY2025$1,800,000

Portland Housing CenterOR · FY2025$1,000,000

Portland Art MuseumOR · FY2025$1,000,000

Albina Music TrustOR · FY2025$527,500

Taking OwnershipOR · FY2025$500,000

Prismid INCOR · FY2025$500,000

Oregon Black Pioneers CorporationOR · FY2025$500,000

Micro Enterprise Services of OregonOR · FY2025$380,000

Williams & Russell CDCOR · FY2025$312,500

World Stage TheatreOR · FY2025$250,000

A10l Ventures LLC DBA Black Women on BoardsCA · FY2025$150,000

Lewis College of BusinessMI · FY2025$125,000

Bme CommunityOR · FY2025$125,000

Lion SpeaksOR · FY2025$61,000

All Ages Music PortlandOR · FY2025$35,000

Built OregonOR · FY2025$30,000

See all 48 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$55.6M

Ln 12

Gifts and grantsLn 1h$55.0M

Investment incomeLn 3$528K

Fees for servicesLn 2g$29K

Money outPt IX

$21.8M

Ln 25

Programscol B$20.2M

Managementcol C$1.7M

Owns and owesPt X

$40.8M

net assets · Ln 32

Cash and savingsLn 1–2$35.5M

Total assetsLn 16$49.6M

LiabilitiesLn 26$8.7M

PeoplePt VI, VII

8

listed · VII A

PaidVII A6

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$55.0M

Fees for servicesLn 2g$29K

Investment incomeLn 3$528K

Total revenueLn 12$55.6M

Assets in detailPt X, end of year

CashLn 1$136K

SavingsLn 2$35.4M

Cash and savings togetherLn 1–2$35.5M

Land, buildings, equipmentLn 10c$9.1M

Other assetsLn 15$444K

Total assetsLn 16$49.6M

LiabilitiesLn 26$8.7M

Net assetsLn 32$40.8M

OperationsPt I, VI

EmployeesI 512

VolunteersI 62

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$7.5M	$35.5M
Land, buildings, equipmentLn 10c	$11K	$9.1M
Total assetsLn 16	$8.1M	$49.6M
LiabilitiesLn 26	$1.0M	$8.7M
Net assetsLn 32	$7.1M	$40.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$15.3M	$15.3M
Pay of current officers, directors and key staffLn 5	$649K	$545K	$104K
Other salaries and wagesLn 7	$2.0M	$1.7M	$313K
Pension plan contributionsLn 8	$267K	$225K	$42K
Other employee benefitsLn 9	$99K	$73K	$26K
Payroll taxesLn 10	$148K	$124K	$24K
Legal feesLn 11b	$88K	$65K	$23K
Accounting feesLn 11c	$70K		$70K
Other fees for servicesLn 11g	$1.3M	$648K	$649K
Advertising and promotionLn 12	$240K	$199K	$41K
Office expensesLn 13	$206K	$86K	$120K
Information technologyLn 14	$95K	$30K	$64K
OccupancyLn 16	$316K	$235K	$82K
TravelLn 17	$205K	$127K	$78K
Conferences, conventions and meetingsLn 19	$718K	$718K
Depreciation, depletion and amortizationLn 22	$9K	$6K	$3K
InsuranceLn 23	$85K	$62K	$23K
Total functional expensesLn 25	$21.8M	$20.2M	$1.7M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$55.6M	$21.8M	$33.7M	$40.8M	990 PDF
FY2024	$22.4M	$13.1M	$9.3M	$7.1M	990 PDF
FY2023	$0	$2.2M	−$2.2M	−$2.2M	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 FY2025 990 (6 parts)

Part I · Summary $55,561,525 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $22,100,000$55,005,188

I-9 Program service revenuePrior year $3,700$28,622

I-10 Investment incomePrior year $310,464$527,715

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $22,414,164$55,561,525

I-13 Grants and similar amounts paidPrior year $9,144,000$15,333,815

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $1,812,998$3,160,690

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,142,258$3,328,339

I-18 Total expensesPrior year $13,099,256$21,822,844

I-19 Revenue less expensesPrior year $9,314,908$33,738,681

Part VI · Governance 2 of 3 board members independent, no flags

VI-1a Voting members of the governing body3

VI-1b Independent voting members2

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 $55,561,525 across 5 lines filed

VIII-1f All other contributions, gifts and grants$55,005,188

VIII-1h Total contributions, gifts and grants$55,005,188

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,622$28,622

VIII-3 Investment incomeExcluded from tax $527,715$527,715

VIII-12 Total revenueRelated to mission $28,622 · Unrelated business $0 · Excluded from tax $527,715$55,561,525

Part IX · Statement of functional expenses $21,822,844 across 17 lines filed

IX-1 Grants to domestic organizationsPrograms $15,333,815$15,333,815

IX-5 Pay of current officers, directors and key staffPrograms $545,073 · Management $103,824$648,897

IX-7 Other salaries and wagesPrograms $1,685,068 · Management $313,051$1,998,119

IX-8 Pension plan contributionsPrograms $224,521 · Management $42,255$266,776

IX-9 Other employee benefitsPrograms $73,256 · Management $25,758$99,014

IX-10 Payroll taxesPrograms $124,062 · Management $23,822$147,884

IX-11b Legal feesPrograms $64,879 · Management $22,878$87,757

IX-11c Accounting feesManagement $70,259$70,259

IX-11g Other fees for servicesPrograms $647,565 · Management $649,214$1,296,779

IX-12 Advertising and promotionPrograms $198,955 · Management $40,796$239,751

IX-13 Office expensesPrograms $85,705 · Management $120,183$205,888

IX-14 Information technologyPrograms $30,219 · Management $64,332$94,551

IX-16 OccupancyPrograms $234,600 · Management $81,529$316,129

IX-17 TravelPrograms $127,044 · Management $78,244$205,288

IX-19 Conferences, conventions and meetingsPrograms $718,359$718,359

IX-22 Depreciation, depletion and amortizationPrograms $5,662 · Management $3,001$8,663

IX-23 InsurancePrograms $62,195 · Management $22,720$84,915

IX-25 Total functional expensesPrograms $20,160,978 · Management $1,661,866 · Fundraising $0$21,822,844

Part X · Balance sheet $49,551,036 assets, 14 lines filed

Asset lines not itemized here account for $4,300,000; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $274,931$135,926

X-2 Savings and temporary cash investmentsStart of year $7,221,667$35,370,763

X-4 Accounts receivableStart of year $1,902$0

X-9 Prepaid expenses and deferred chargesStart of year $42,612$238,038

X-10c Land, buildings and equipment, netStart of year $10,505$9,062,704

X-15 Other assetsStart of year $538,725$443,605

X-16 Total assetsStart of year $8,090,342$49,551,036

X-17 Accounts payable and accrued expensesStart of year $386,521$8,008,738

X-19 Deferred revenueStart of year $0$263,950

X-25 Other liabilitiesStart of year $632,394$466,635

X-26 Total liabilitiesStart of year $1,018,915$8,739,323

X-27 Net assets without donor restrictionsStart of year $7,071,427$40,811,713

X-32 Total net assets or fund balancesStart of year $7,071,427$40,811,713

X-33 Total liabilities and net assetsStart of year $8,090,342$49,551,036

Part XI · Reconciliation of net assets $40,811,713 net assets at year end

XI-1 Total revenue$55,561,525

XI-2 Total expenses$21,822,844

XI-3 Revenue less expenses$33,738,681

XI-4 Net assets at start of year$7,071,427

XI-8 Prior period adjustments$1,605

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$40,811,713

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

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