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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
71
City
Tukwila
State
Washington
Year formed
1997
Most recent tax filings
2022-12-01
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
$9,619,486
2022
Total expenses
$6,702,997
2022
Total assets
$28,030,464
2022
Num. employees
71
2022

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 12 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
Peter HaManager Corporate Development and Strategy$0
...and 9 more key personnel

Financials for Seattle Economic Development Fund Business Impact NW

RevenuesFYE 12/2022
Total grants, contributions, etc.$5,295,239
Program services$1,745,672
Investment income and dividends$29,977
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$31,441
Net gain from sale of non-inventory assets$2,511,245
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$5,912
Total revenues$9,619,486

Form 990s for Seattle Economic Development Fund Business Impact NW

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-03990View PDF
2021-122022-10-31990View PDF
2020-122021-10-26990View PDF
2019-122021-04-05990View PDF
2018-122020-02-06990View PDF
...and 8 more Form 990s

Organizations like Seattle Economic Development Fund Business Impact NW

OrganizationLocationRevenue
Craft3Astoria, OR$19,219,259
Grow South Dakota / Northeast South Dakota Economic CorporationSisseton, SD$2,763,514
Dakota ResourcesRenner, SD$2,438,799
Economic and Community Development Institute (ECDI)Columbus, OH$19,971,101
Renaissance Economic Development CorporationNew York, NY$4,221,507
Cook Inlet Lending CenterAnchorage, AK$2,983,120
Michigan Community CapitalLansing, MI$4,447,895
Credit Builders AllianceWashington, DC$5,600,497
Coastal Enterprises (CEI)Brunswick, ME$13,614,519
Rural Missouri IncorporatedJefferson City, MO$2,995,423
Data update history
January 10, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 10, 2024
Updated personnel
Identified 12 new personnel
October 25, 2023
Received grants
Identified 10 new grant, including a grant for $150,000 from Umpqua Bank Charitable Foundation
August 6, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 13, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
12720 Gateway Dr S 207
Tukwila, WA 98144
Metro area
Seattle-Tacoma-Bellevue, 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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