Nonprofit · EIN 91-1662698
CRAFT3
Tax-exempt · SEATTLE, WA 98104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $53,607,388 | $38,316,373 | $15,291,015 | $236,699,828 | $139,180,680 | $97,519,148 |
| December 31, 2023 | 990 | $32,060,164 | $20,620,759 | $11,439,405 | $222,022,332 | $140,216,519 | $81,805,813 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $39,532,943
- of which government grants
- $23,626,983
- Program service revenue
- $12,269,833
- Investment income
- $1,804,612
- Net gain from sales of assets
- $1,447
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $13,053,784
- Compensation of officers, directors and key employees
- $1,892,193
- Other salaries and wages
- $8,803,128
- Salaries, compensation and benefits (total)
- $13,428,721
- Professional fundraising fees
- $0
- Legal fees
- $80,934
- Accounting fees
- $317,922
- Occupancy
- $471,004
- Travel
- $296,153
- Depreciation
- $111,871
- Program services (functional)
- $32,038,621
- Management and general (functional)
- $6,101,490
- Fundraising (functional)
- $176,262
Balance sheet and other
- Total assets, start of year
- $222,022,332
- Total assets, end of year
- $236,699,828
- Total liabilities, end of year
- $139,180,680
- Net assets, end of year
- $97,519,148
- Land, buildings and equipment
- $458,460
- Publicly traded securities
- $29,474,203
- Net assets without donor restrictions
- $83,314,076
- Net assets with donor restrictions
- $14,205,072
- Gross receipts
- $58,252,964
- Employees
- 107
- Volunteers
- 13
- Year formed
- 1994
- State of legal domicile
- WA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRUCE BROOKS | CHIEF EXECUTIVE OFFICER Officer | 36 | $303,154 | $36,410 |
| SONYA LYNN | CHIEF OPERATING OFFICER (UNTIL 2/9/24) Officer | 36 | $313,543 | $6,647 |
| ADAM ZIMMERMAN | CHIEF EXECUTIVE OFFICER (UNTIL 3/25/24) Officer | 36 | $280,923 | $5,029 |
| RONALENE MONTEITH | SENIOR ADVISOR Highest-paid employee | 40 | $245,701 | $32,542 |
| MICHAEL DICKERSON | SENIOR ADVISOR Highest-paid employee | 40 | $235,770 | $15,065 |
| MARGARET WEILAND | CHIEF DEVELOP. AND STAFF OFFICER Officer | 36 | $221,298 | $29,503 |
| TURNER WASKOM | CHIEF LENDING OFFICER Officer | 36 | $234,591 | $5,511 |
| MARK STEVENSON | CHIEF FINANICAL OFFICER Officer | 36 | $199,106 | $32,874 |
| JAMES GALBRAITH | LEGAL COUNSEL VP (UNTIL 11/8/2024) Key employee | 40 | $202,134 | $21,253 |
| MICHAEL WU | IT DIRECTOR Key employee | 40 | $179,451 | $31,990 |
| CARL SEIP | CHIEF MARKETING OFFICER Officer | 36 | $191,155 | $20,124 |
| CHE WONG | COMMERCIAL LENDING DIRECTOR Highest-paid employee | 40 | $158,052 | $39,828 |
| CHRISTOPHER LARSON | CHIEFT STRATEGY AND INFO OFFICER Officer | 36 | $152,464 | $37,258 |
| TAWNY READER | CONSUMER LENDING DIRECTOR Highest-paid employee | 40 | $143,982 | $39,965 |
| GREGORY BRADLEY | CHIEF CREDIT OFFICER Officer | 36 | $166,406 | $11,991 |
15 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN HUNTER | SENIOR BUSINESS LENDER Highest-paid employee | 40 | $153,970 | $16,648 |
| JANE REPENSEK | CHIEF FINANCIAL OFFICER (UNTIL 7/1/2024) Officer | 36 | $142,335 | $11,440 |
| PAUL BENOIT | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| SHIVON BRITE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ANDREA CAUPAIN SANDERSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LISA DOW | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| RONALD GRZYWINSKI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARY HOUGHTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JO ANN KAUFFMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ALEXIA KELLY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| WALT KRUMHOLZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LINDA NETTKOVEN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ALAN OKAGAKI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SUE TAOKA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LEE WINSLETT | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADAM ZIMMERMAN | CHIEF EXECUTIVE OFFICER Officer | 40 | $301,065 | $24,311 |
| BRUCE BROOKS | PRESIDENT Officer | 40 | $218,814 | $31,950 |
| MICHAEL DICKERSON | INNOVATION AND EVALUATION DIRECTOR Officer | 40 | $208,803 | $14,551 |
| RONALENE MONTEITH | CHIEF CREDIT OFFICER, EVP Officer | 40 | $175,002 | $30,103 |
| MARK STEVENSON | NEW MARKETS TAX CREDIT DIRECTOR, EVP Officer | 40 | $163,438 | $36,225 |
| JAMES GALBRAITH | LEGAL COUNSEL, VP Key employee | 40 | $176,243 | $13,855 |
| MARGARET WEILAND | DEVELOPMENT DIRECTOR, SVP Highest-paid employee | 40 | $143,390 | $34,877 |
| MICHAEL WU | IT DIRECTOR, VP Highest-paid employee | 40 | $149,033 | $27,562 |
| SONYA LYNN | CHIEF OPERATING OFFICER Officer | 40 | $143,849 | $24,915 |
| TURNER WASKOM | COMMERCIAL LENDING DIRECTOR, SVP Key employee | 40 | $158,081 | $4,693 |
| TERESA PARRIETT | CONTROLLER, VP Highest-paid employee | 40 | $144,383 | $14,113 |
| DESIREE MICHIELS | CONSUMER LENDING DIRECTOR, SVP Highest-paid employee | 40 | $137,424 | $17,292 |
| JANE REPENSEK | CHIEF FINANCIAL OFFICER, EVP Officer | 40 | $147,160 | $5,283 |
| SAIF HAKIM | COMMERCIAL LENDING TEAM MANAGER, VP Highest-paid employee | 40 | $142,108 | $3,531 |
| PAUL BENOIT | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JO ANN KAUFFMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| RONALD GRZYWINSKI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ALEXA KELLY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ALAN OKAGAKI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STAN AMY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| WALT KRUMBHOLZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SHIVON BRITE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARY HOUGHTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LINDA NETTKOVEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ANDREA CAUPAIN SANDERSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LEE WINSLETT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 409 MAYNARD AVE S STE 200, SEATTLE, WA 98104-2959
- In care of
- % JOHN BERDES
- Principal officer (990 for 2024)
- BRUCE BROOKS, 42 7TH STREET 100, ASTORIA, OR 97103
- Signed the 990
- AMAN JELOKA, CHIEF FINANCIAL OFFICER
- Phone
- (888) 231-2170
- Website
- WWW.CRAFT3.ORG
- Return prepared by
- RSM US LLP
Mission
TO BUILD A THRIVING, JUST AND EMPOWERED PACIFIC NORTHWEST USING CAPITAL, RELATIONSHIPS AND VOICE.
Program accomplishments
- 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.Expenses $31,084,243 · grants $13,053,784 · revenue $11,757,284
- 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.Expenses $954,378 · revenue $512,549
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 91-1662698
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $236,699,828
- Income (IRS master file)
- $58,252,964
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $53,607,388 | $38,316,373 | $236,699,828 | XML |
| 990 | December 2023 | $32,060,164 | $20,620,759 | $222,022,332 | XML |
| 990 | December 2022 | $19,219,259 | $15,992,790 | $182,110,281 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-1662698).
Questions about CRAFT3
- What is the EIN of CRAFT3?
- The employer identification number (EIN) of CRAFT3 is 91-1662698.
- Is CRAFT3 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to CRAFT3 tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CRAFT3 file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CRAFT3 due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CRAFT3 last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CRAFT3?
- The 990 for the year ended December 31, 2024 names BRUCE BROOKS.
- Who are the officers and directors of CRAFT3?
- The 990 for the year ended December 31, 2024 lists 30 people; 17 received compensation from the organization, the highest $303,154 (BRUCE BROOKS, CHIEF EXECUTIVE OFFICER).
- How much revenue does CRAFT3 have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $53,607,388, expenses of $38,316,373 and total assets of $236,699,828 at year end.
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All nonprofits in SEATTLE · Washington · Community improvement and capacity building