Snap Financial Access
- Assets
- $15.1m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 37-1502691
Organization Overview
Snap Financial Access is located in Spokane, WA. The organization was established in 2007. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Snap Financial Access 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 12/2023, Snap Financial Access generated $3.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK FOR LOW INCOME AND VULNERABLE PEOPLE BY PROVIDING FINANCIAL SERVICES AND ECONOMIC OPPORTUNITIES IN A MANNER WHICH ENHANCES DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SNAP FINANCIAL ACCESS - ASSISTED LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES TO INCREASE SELF SUFFICIENCY THROUGH ECONOMIC OPPORTUNITIES THAT PROMOTE FINANCIAL INDEPENDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Nave Other Sector Director | Trustee | 1 | $0 |
Marcia Dorwin Financial Sector Director | Trustee | 1 | $0 |
Lacrecia M Hill Accountability Director | Trustee | 1 | $0 |
Gayle Ekins Ex Officio Director | Trustee | 1 | $0 |
Fatimah Mimrah Accountability Director | Trustee | 1 | $0 |
Mike Brunett Financial Sector Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,053,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,143,373 |
| Total Program Service Revenue | $1,621,867 |
| Investment income | $530,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,295,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $788,165 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $662,246 |
| Pension plan accruals and contributions | $31,271 |
| Other employee benefits | $114,232 |
| Payroll taxes | $54,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$2,230 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,585 |
| Advertising and promotion | $0 |
| Office expenses | $18,198 |
| Information technology | $91,289 |
| Royalties | $0 |
| Occupancy | $41,946 |
| Travel | $8,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $121,558 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,083 |
| All other expenses | $260 |
| Total functional expenses | $2,119,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,871,866 |
| Savings and temporary cash investments | $541,365 |
| Pledges and grants receivable | $214,253 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,510,925 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,138,409 |
| Accounts payable and accrued expenses | $97,739 |
| Grants payable | $0 |
| Deferred revenue | $1,001,957 |
| 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 | $0 |
| Other liabilities | $4,570,290 |
| Total liabilities | $5,669,986 |
| Net assets without donor restrictions | $2,045,851 |
| Net assets with donor restrictions | $7,422,572 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,138,409 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Energy Fund Portland, OR | $4,269,435 | $2,999,107 |
Snap Financial Access Spokane, WA | $15,138,409 | $3,295,988 |
Housing Resources Bainbridge Bainbridge Island, WA | $9,332,842 | $1,876,091 |
Helping Hands Team Milton, WA | $1,226,199 | $1,340,617 |
Whatcom-Skagit Housing Ferndale, WA | $7,782,951 | $981,443 |
Nhs Lending Inc Boise, ID | $5,384,938 | $349,856 |
Oregon Training Institute Salem, OR | $39,132 | $146,284 |
Wood River Community Housing Trust Inc Ketchum, ID | $2,309,310 | $253,241 |
Community Housing Services Albany, OR | $0 | $122,045 |
Northwest Community Housing Foundation Inc Portland, OR | $102,079 | $0 |
Fortify Families Beaverton, OR | $21 | $0 |