Seattle Economic Development Fund dba Business Impact NW
Seattle Economic Development Fund dba Business Impact NW
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About this organization
Mission
Our mission: We grow businesses that create jobs in underserved communities. Business Impact NW empowers a talented and diverse community of entrepreneurs, supporting the continuing growth of local small businesses through micro-enterprise. We are at once your sounding board, advisers, and cheering section, your funding source and your access to resources. Impact is a part of our name, and we are making one, every day.
About
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.
Interesting data from their 2020 990 filing
The filing documents outline the non-profit's mission as “To provide economic development financing to serve the needs of small businesses in the state of washington that would not qualify for private financing under conventional financing criteria.”.
When outlining the tasks it performs, they were referred to as: “Business impact nw grows business that create jobs in underserved communities.”.
- The non-profit's reported state of operation is WA as per legal requirements.
- The filing reveals that the address of the non-profit in 2020 is 1437 SOUTH JACKSON 201, SEATTLE, WA, 98144.
- As of 2020, the non-profit has 27 employees reported on their 990 form.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $68,846.
- The organization has 9 independent voting members.
- The organization was formed in 1997.
- The organization pays $1,205,924 in salary, compensation, and benefits to its employees.
- The organization pays $130,149 in fundraising expenses.