EIN 37-1525217

Lummi Community Development Financial Institution

Name: Lummi Community Development Financial Institution financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Bellingham

State

Washington

Year formed

2006

Most recent tax filings

2022-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Lummi Community Development Financial Institution improves prosperity and well-being of families by providing access to education, financing, and asset growth through technical assistance and development services. The organization offers financial literacy, budgeting, and business plan counseling to achieve this mission. It provides small business loans for community growth, development, and education while keeping funds within the Lummi tribe and surrounding area.

Total revenues

$1,616,846

2022

Total expenses

$693,261

2022

Total assets

$4,447,190

2022

Num. employees

2022

Program areas at Lummi Community Development Financial Institution

Provided small business loans to allow Community growth, Development, and education to occur while keeping funds in the Community for the benefit of the Lummi tribe and surrounding area.

Who funds Lummi Community Development Financial Institution

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Northwest Area Foundation	2022-12	General Operating Support	$150,000

Personnel at Lummi Community Development Financial Institution

Name	Title	Compensation	Date of data
Laura Williams	Executive Director	$89,426	2021-12-31
Nancy Jordan	Interim Executive Director	$81,341	2022-12-31
Rex Rhoades	Board Chairman	$0	2023-10-03
Fred A Enginowuk	Treasurer	$0	2022-12-31
Joseph Bowen	Secretary	$0	2022-12-31
...and 4 more key personnel

Financials for Lummi Community Development Financial Institution

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$1,465,043	$801,490	82.8%
Program services	$149,743	$142,362	5.2%
Investment income and dividends	$810	$14	5685.7%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$165	-100%
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$1,250	$0	999%
Total revenues	$1,616,846	$944,031	71.3%

Form 990s for Lummi Community Development Financial Institution

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-10-03	990	View PDF
2021-12	2022-11-14	990	View PDF
2020-12	2021-11-15	990	View PDF
2019-12	2021-03-02	990	View PDF
2018-12	2020-02-07	990	View PDF
...and 7 more Form 990s

Organizations like Lummi Community Development Financial Institution

Organization	Type	Location	Revenue
Community Development Financial Institution - Tohono O'odham Nation	501(c)(3)	Sells, AZ	$755,697
People-Providing Equal Opportunities Promoting Learning	501(c)(3)	Little Rock, AR	$1,850,855
Community Capital Advisors	501(c)(3)	Philadelphia, PA	$721,900
Native360 Loan Fund	501(c)(3)	Grand Island, NE	$2,068,660
Washington Area Community Investment Fund	501(c)(3)	Washington, DC	$7,616,507
Success Capital Expansion and Development Corporation	501(c)(3)	Modesto, CA	$803,770
Northeastern Colorado Revolving	501(c)(3)	Yuma, CO	$548,967
Landmarks Community Capital Corporation	501(c)(3)	Pittsburgh, PA	$1,331,693
Cooperative Fund of the Northeast	501(c)(3)	Watertown, MA	$4,768,332
Tri-City Peoples Corporation	501(c)(3)	Newark, NJ	$582,335

Data update history

December 28, 2023

Received grants

Identified 1 new grant, including a grant for $150,000 from Northwest Area Foundation

December 2, 2023

Posted financials

Added Form 990 for fiscal year 2022

December 1, 2023

Updated personnel

Identified 2 new personnel

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

June 29, 2023

Posted financials

Added Form 990 for fiscal year 2020

Nonprofit Types

Business and community development organizationsCharities

Issues

Community improvementEconomic development

Characteristics

Receives government fundingTax deductible donationsAccepts online donations

General information

Address: 12 Bellwether Way No 224; Bellingham, WA 98225
Metro area: Bellingham, WA
County: Whatcom County, WA
Website URL: lummicdfi.org/
Phone: (360) 594-6004

IRS details

EIN: 37-1525217
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2006
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 522120: Savings Institutions
Parent/child status: Independent

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Lummi Community Development Financial Institution

Program areas at Lummi Community Development Financial Institution

Who funds Lummi Community Development Financial Institution

Personnel at Lummi Community Development Financial Institution

Financials for Lummi Community Development Financial Institution

Form 990s for Lummi Community Development Financial Institution

Organizations like Lummi Community Development Financial Institution

Nonprofits

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