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  4. Seattle Economic Development Fund Business Impact NW
EIN 91-1764008

Seattle Economic Development Fund Business Impact NW

IRS 501(c) type
501(c)(3)
Num. employees
74
City
Tukwila
State
Washington
Year formed
1997
Most recent tax filings
2023-12-01
NTEE code, primary
S30: Economic Development
Description
Business Impact NW funds and assists small businesses in underserved areas that don't qualify for conventional financing. It's a CDFI located in Tukwila, WA.
Total revenues
$6,779,426
2023
Total expenses
$8,795,037
2023
Total assets
$30,476,339
2023
Num. employees
74
2023

Program areas at Seattle Economic Development Fund Business Impact NW

Loan Fund administration as a certified community Development financial institution (cdfi) to provide financing and management assistance primarily to targeted businesses that would otherwise not be able to receive financing under conventional methods.

Who funds Seattle Economic Development Fund Business Impact NW

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Umpqua Bank Charitable FoundationLoan Readiness Center$150,000
Credit Unions in the State of Washington / Boeing Employees Credit Union (BECU)Donation$150,000
PeopleFundSupport Lending and Education Services To Underserved Small Businesses$130,000
...and 10 more grants received

Personnel at Seattle Economic Development Fund Business Impact NW

NameTitleCompensation
Joe Sky-TuckerPresident and Chief Executive Officer$111,667
Danielle MoserManaging Director and Chief Operating Officer$75,521
Rick LeibowitzChief Financial Officer
Greta StoughChief External Affairs Officer
Domonique JuleonChief Product Officer$122,000
...and 9 more key personnel

Financials for Seattle Economic Development Fund Business Impact NW

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,987,616
Program services$1,724,233
Investment income and dividends$64,796
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,781
Total revenues$6,779,426

Form 990s for Seattle Economic Development Fund Business Impact NW

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-16990View PDF
2022-122023-11-03990View PDF
2021-122022-10-31990View PDF
2020-122021-10-26990View PDF
2019-122021-04-05990View PDF
...and 9 more Form 990s

Organizations like Seattle Economic Development Fund Business Impact NW

OrganizationLocationRevenue
Craft3Astoria, OR$19,219,259
Dakota ResourcesRenner, SD$2,438,799
Common CapitalSpringfield, MA$1,986,861
Chicago Community Loan Fund (CCLF)Chicago, IL$14,555,763
Renaissance Economic Development CorporationNew York, NY$4,221,507
Michigan Community CapitalLansing, MI$4,447,895
Cook Inlet Lending CenterAnchorage, AK$2,983,120
The Community Economic Development Fund FoundationMeriden, CT$2,219,165
Community Loan Fund of the Capital RegionAlbany, NY$2,816,861
Working Solutions CdfiSan Francisco, CA$6,684,587
Data update history
November 2, 2024
Posted financials
Added Form 990 for fiscal year 2023
October 19, 2024
Received grants
Identified 1 new grant, including a grant for $150,000 from Umpqua Bank Charitable Foundation
January 10, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 10, 2024
Updated personnel
Identified 12 new personnel
January 3, 2024
Received grants
Identified 9 new grant, including a grant for $150,000 from Credit Unions in the State of Washington / Boeing Employees Credit Union (BECU)
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
12720 Gateway Dr S 207
Tukwila, WA 98144
Metro area
Seattle-Tacoma-Bellevue, WA
County
King County, WA
Website URL
businessimpactnw.org/about-us/ 
Phone
(206) 324-4330
IRS details
EIN
91-1764008
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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