2024-05-14T10:53:01-05:00 2023-12-31 930900579 MCDONALD JACOBS PC 121 SW SALMON ST STE 1100 PORTLAND OR 97204 990 2023-01-01 922585176 1803 FUND 1803 5032949246 3514 N VANCOUVER AVE 200 PORTLAND OR 97211 RUKAIYAH ADAMS CEO 5032949246 2024-05-08 1 RUKAIYAH ADAMS 999009999 0 SANG AHN P00540880 5032270581 0 AAL1 IAL1 2023 2023-04-26 12:10:37Z X RUKAIYAH ADAMS 3514 N VANCOUVER AVE 200 PORTLAND OR 97211 0 0 X 1803FUND.COM/ X 2023 OR TO HELP FOSTER AND SAFEGUARD COHESION, AUTONOMY, AND POWER WITHIN A ROOTED AND PROSPEROUS BLACK COMMUNITY IN PORTLAND, OREGON. 5 4 5 4 0 0 0 0 0 0 0 0 0 980560 0 4946 1262921 2243481 -2243481 5897917 8141398 -2243481 TO ESTABLISH A RESILIENT FINANCIAL ECOSYSTEM THAT SUPPORTS THE LONG-TERM WELL-BEING OF PORTLAND'S BLACK COMMUNITY BY INVESTING IN EDUCATION, PRESERVING CULTURAL HERITAGE AND FOSTERING COMMUNITY VIA LONG-TERM GRANT FUNDING, PARTNERSHIPS AND INVESTMENTS. 0 0 752713 HIRED VP OF COMMUNITY PARTNERSHIPS, DEFINED SCOPE, CONCEIVED GRANTMAKING FRAMEWORK, DEVELOPED OPERATING, HIRING AND GRANT DISBURSEMENT PLAN FOR 2024. BEGAN MAKING INITIAL EXPENDITURES IN SERVICE OF MISSION IN 2023 (E.G., COMMUNITY ENGAGEMENT, CAPACITY BUILDING) 490622 HIRED VP OF INVESTMENTS, DEFINED SCOPE, CONCEIVED INVESTMENT FRAMEWORK, DEVELOPED INVESTMENT BOARD POLICY AND DEFINED ORGANIZATIONAL PROCEDURES. FORMULATED INVESTMENT PLAN FOR 2024, DEVELOPED AND CULTIVATED PROSPECTIVE DEALS AND BUILT INITIAL INVESTMENT PIPELINE. 146572 DEFINED GRANTMAKING SCOPE, CONCEIVED GRANTMAKING FRAMEWORK, DEVELOPED OPERATING AND GRANT DISBURSEMENT PLAN FOR 2024. BEGAN MAKING EXPENDITURES IN SERVICE OF MISSION IN 2023 (E.G., COMMUNITY ENGAGEMENT, SPECIAL EVENT SPONSORSHIP) 1389907 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 7 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 1 1 1 0 OR X THE ORGANIZATION 5032949246 3514 N VANCOUVER AVE 200 PORTLAND OR 97211 RUKAIYAH ADAMS CEO/SECRETARY 42.50 X X 487313 0 54690 D'ARTAGNAN CALIMAN VP, COMMUNITY PARTNERSHIPS 40.00 X 138659 0 27166 MICH GREENBERG VP, INVESTMENTS 40.00 X 121531 0 21666 TONY HOPSON BOARD CHAIR 1.80 X X 0 0 0 LARRY MILLER BOARD TREASURER 0.50 X X 0 0 0 RON HERNDON BOARD MEMBER 1.80 X 0 0 0 JOHN DONAHOE BOARD MEMBER 0.50 X 0 0 0 747503 0 103522 3 0 1 0 STOEL RIVES LLP 760 SW NINTH AVE SUITE 3000 PORTLAND OR 97205 LEGAL SERVICES (COUNSEL, FILINGS) 197996 SMITH & CONNORS LLC 1429 SE 52ND AVE PORTLAND OR 97215 CREATIVE DESIGN 158912 IN COMMON AGENCY LLC 2033 SE 35TH PL PORTLAND OR 97214 OPERATIONS CONSULTANT, COMMUNICATIONS CO 129114 3 0 0 0 0 X 542004 376567 162703 2734 315546 219231 94723 1592 44752 31092 13434 226 25244 17539 7578 127 53014 36833 15914 267 305156 200894 104262 38253 25183 13070 397234 130180 267054 171729 141776 29953 131905 76020 55885 211018 130701 80317 786 480 306 6840 3411 3429 2243481 1389907 848628 4946 5116836 29714 58686 14166 786 0 13380 0 679301 0 5897917 399272 7000000 0 742126 0 8141398 X -2243481 0 -2243481 0 5897917 -2243481 0 X 1 X 0 1 0 X 0 0 0 0 0 0 0 0 X 14166 786 13380 13380 OPERATING LEASE RIGHT-OF-USE ASSET, NET 679301 679301 OPERATING LEASE LIABILITY 742126 742126 X PART X, LINE 2: THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC TOPIC 740 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS TOPIC. X X X X X 0 0 0 0 0 0 0 0 0 RUKAIYAH ADAMS CEO/SECRETARY 487313 0 0 0 0 0 49500 0 5190 0 542003 0 0 0 D'ARTAGNAN CALIMAN VP, COMMUNITY PARTNERSHIPS 138659 0 0 0 0 0 21102 0 6064 0 165825 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO BOARD COMMITTEES IN 2023 FORM 990, PART VI, SECTION B, LINE 11B 1803 BOARD WILL REVIEW THE 990 BEFORE IT IS FILED WITH THE IRS DURING THE APRIL 2024 BOARD MEETING AT 1803 FUND OFFICES FORM 990, PART VI, SECTION B, LINE 15 EXTERNAL COMPENSATION STUDY TO BE CONDUCTED IN 2024 FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE INCLUDED IN PUBLICLY-AVAILABLE FORM 990. OTHER DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 130,180. MANAGEMENT AND GENERAL EXPENSES 267,054. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 397,234. 1803 LLC 3514 N VANCOUVER AVE SUITE 200 PORTLAND OR 97227 922607205 INVESTMENT OR 122540 1803 FUND 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1803 LLC P 1333420 CASH SCHEDULE R, PART V, LINE 2 INITIAL CAPITAL CONTRIBUTION