Ncw Business Loan Fund
- Assets
- $2.3m
- Revenue
- $146.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Chelan, WA
- Founding
- Data as of
- 06/2017
- EIN
- 91-1639209
Organization Overview
Ncw Business Loan Fund is located in Chelan, WA. As of 06/2017, Ncw Business Loan Fund employed 4 individuals. Ncw Business Loan Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2017, Ncw Business Loan Fund generated $146.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $104.0k during the year ending 06/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOANS TO COMMERCIAL BORROWERS UNABLE TO ACCESS TRADITIONAL LOAN SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS PART OF A COMMUNITY DEVELOPMENT EFFORT FUNDED BY A USDA PROGRAM, LOANS ARE PROVIDED TO COMMERCIAL CLIENTS WHO ARE UNABLE TO ACCESS CREDIT FROM TRADITIONAL SOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Brender Executive Di | Trustee | 1 | $24,500 |
Rich Watson Director | OfficerTrustee | 1 | $19,250 |
Dan Hodge Director | Trustee | 1 | $910 |
Jordana Laporte President | OfficerTrustee | 1 | $0 |
Stephanie Musser Secretary | OfficerTrustee | 1 | $0 |
Mike Steele Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $600 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $600 |
| Total Program Service Revenue | $143,873 |
| Investment income | $1,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,045 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $146,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $44,660 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $368 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,438 |
| Advertising and promotion | $529 |
| Office expenses | $6,043 |
| Information technology | $1,053 |
| Royalties | $0 |
| Occupancy | $1,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,098 |
| Interest | $15,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $280 |
| Insurance | $4,839 |
| All other expenses | $0 |
| Total functional expenses | $103,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,279 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $104,440 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,517,357 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,806 |
| Net Land, buildings, and equipment | $186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,000 |
| Total assets | $2,292,068 |
| Accounts payable and accrued expenses | $5,738 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,190,053 |
| Other liabilities | $0 |
| Total liabilities | $1,195,791 |
| Unrestricted restricted net Assets | $1,096,277 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,096,277 |