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Nonprofit · EIN 92-2585176

1803 FUND

Tax-exempt · PORTLAND, OR 97227

Financials

$0$2.2M2023$22.4M$13.1M2024$55.6M$21.8M2025
Revenue Expenses · by fiscal year end
Financials of 1803 FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$55,561,525$21,822,844$33,738,681$49,551,036$8,739,323$40,811,713
December 31, 2024990$22,414,164$13,099,256$9,314,908$8,090,342$1,018,915$7,071,427
December 31, 2023990$0$2,243,481-$2,243,481$5,897,917$8,141,398-$2,243,481
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$55,005,188
Program service revenue
$28,622
Investment income
$527,715
Other revenue
$0

Expenses

Grants and similar amounts paid
$15,333,815
Compensation of officers, directors and key employees
$648,897
Other salaries and wages
$1,998,119
Salaries, compensation and benefits (total)
$3,160,690
Professional fundraising fees
$0
Legal fees
$87,757
Accounting fees
$70,259
Occupancy
$316,129
Travel
$205,288
Depreciation
$8,663
Program services (functional)
$20,160,978
Management and general (functional)
$1,661,866

Balance sheet and other

Total assets, start of year
$8,090,342
Total assets, end of year
$49,551,036
Total liabilities, end of year
$8,739,323
Net assets, end of year
$40,811,713
Land, buildings and equipment
$9,062,704
Net assets without donor restrictions
$40,811,713
Gross receipts
$55,561,525
Employees
12
Volunteers
2
Year formed
2023
State of legal domicile
OR

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, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
RUKAIYAH ADAMSCEO/SECRETARY
Trustee or director, Officer
42.5$587,548$61,349
D'ARTAGNAN CALIMANVP, PARTNERSHIPS
Highest-paid employee
40$233,282$53,521
CYREENA BOSTON ASHBYVP, EXTERNAL AFFAIRS
Highest-paid employee
40$205,253$41,006
COBI BYRDCHIEF OPERATING OFFICER
Highest-paid employee
40$182,625$40,400
CAMILLE IDEDEVBODIR, DATA STRATEGY & ORGANIZATIONAL LEARNING
Highest-paid employee
40$168,264$41,497
JUMA SEICOMMUNITY PARTNERSHIPS MANAGER
Highest-paid employee
40$151,220$33,110
LARRY MILLERBOARD CHAIR
Trustee or director, Officer
0.5$0$0
JOHN DONAHOEBOARD TREASURER
Trustee or director, Officer
0.5$0$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensationOther / benefits
RUKAIYAH ADAMSCEO/SECRETARY
Trustee or director, Officer
42.5$501,560$63,184
D'ARTAGNAN CALIMANVP, COMMUNITY PARTNERSHIPS
Highest-paid employee
40$225,137$56,473
MICH GREENBERGVP, INVESTMENTS
Highest-paid employee
40$225,048$52,359
CURTRINA HUFFFINANCE AND ACCOUNTING MANAGER
Highest-paid employee
40$104,666$46,172
TONY HOPSONBOARD CHAIR
Trustee or director, Officer
1.8$0$0
LARRY MILLERBOARD TREASURER
Trustee or director, Officer
0.5$0$0
RON HERNDONBOARD MEMBER
Trustee or director
1.8$0$0
JOHN DONAHOEBOARD MEMBER
Trustee or director
0.5$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationOther / benefits
RUKAIYAH ADAMSCEO/SECRETARY
Trustee or director, Officer
42.5$487,313$54,690
D'ARTAGNAN CALIMANVP, COMMUNITY PARTNERSHIPS
Highest-paid employee
40$138,659$27,166
MICH GREENBERGVP, INVESTMENTS
Highest-paid employee
40$121,531$21,666
TONY HOPSONBOARD CHAIR
Trustee or director, Officer
1.8$0$0
LARRY MILLERBOARD TREASURER
Trustee or director, Officer
0.5$0$0
RON HERNDONBOARD MEMBER
Trustee or director
1.8$0$0
JOHN DONAHOEBOARD MEMBER
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
3514 N VANCOUVER AVE STE 200, PORTLAND, OR 97227-2026
Principal officer (990 for 2025)
RUKAIYAH ADAMS, 3514 N VANCOUVER AVE 200, PORTLAND, OR 97211
Signed the 990
RUKAIYAH ADAMS, CEO
Phone
(503) 294-9246
Return prepared by
MCDONALD JACOBS PC

Mission

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.

990 for the year ended December 31, 2025

Program accomplishments

  • 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. CONTINUED TO SUPPORT THE COHORT OF 1803 FUND'S STRATEGIC COMMUNITY GRANT PARTNERS THROUGH MULTIPLE CONVENINGS, LEADERSHIP DEVELOPMENT, TECHNICAL ASSISTANCE AND SHARED LEARNING4. DISBURSED OVER $300K OF SPONSORSHIPS TO SUPPORT COMMUNITY EVENTS
    Expenses $16,781,587 · grants $14,897,815
  • 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. REFINED THE 1803 FUND'S COMMUNICATIONS APPROACH AND HELD MULTIPLE PRESS EVENTS TO COMMUNICATE THE FUND'S REAL ESTATE ENDEAVORS4. LAUNCHED 1803 ENTERPRISE PARTNERSHIP PRACTICE5. GRANTED SPECIAL FUNDS TO ENABLE FEASIBILITY ANALYSIS AND BUSINESS PLANNING FOR A POSSIBLE MOVE OF PENSOLE LEWIS, A DESIGN CENTERED HBCU, TO PORTLAND, OREGON
    Expenses $2,449,078 · grants $436,000
  • 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. ENTERED INTO AGREEMENT TO ACQUIRE THREE PROPERTIES IN LOWER ALBINA INCLUDING TWO CORNERSTONE PARCELS COMPRISING OVER 6 ACRES4. PROVIDED $5M MEZZANINE LOAN TO ALBINA VISION TRUST TO ENABLE PURCHASE AND AFFORDABLE HOUSING REPOSITIONING OF HISTORIC PARAMOUNT APARTMENTS 5. ENTERED INTO NEGOTIATIONS ON 3 ADDITIONAL PROPERTIES IN LOWER ALBINA6. BEGAN REMEDIATION, ZONING AND MASTER PLANNING PRE-DEVELOPMENT WORK ON 2 CORNERSTONE PROPERTIES
    Expenses $930,313 · revenue $28,622

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
92-2585176
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$49,551,036
Income (IRS master file)
$55,561,525

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$55,561,525$21,822,844$49,551,036IRS
990December 2024$22,414,164$13,099,256$8,090,342IRS
990December 2023$0$2,243,481$5,897,917XML

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 92-2585176).

Questions about 1803 FUND

What is the EIN of 1803 FUND?
The employer identification number (EIN) of 1803 FUND is 92-2585176.
Is 1803 FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to 1803 FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does 1803 FUND 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 1803 FUND due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did 1803 FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of 1803 FUND?
The 990 for the year ended December 31, 2025 names RUKAIYAH ADAMS.
Who are the officers and directors of 1803 FUND?
The 990 for the year ended December 31, 2025 lists 8 people; 6 received compensation from the organization, the highest $587,548 (RUKAIYAH ADAMS, CEO/SECRETARY).
How much revenue does 1803 FUND have?
On its 990 for the year ended December 31, 2025 it reported revenue of $55,561,525, expenses of $21,822,844 and total assets of $49,551,036 at year end.

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