Craft3
- Assets
- $182.1m
- Revenue
- $19.2m
- Investments
- $0.0
- Employees
- 91
- Location
- Astoria, OR
- Founding
- 07/1995
- Data as of
- 12/2022
- EIN
- 91-1662698
Organization Overview
Craft3 is located in Astoria, OR. The organization was established in 1995. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Craft3 employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Craft3 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 12/2022, Craft3 generated $19.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $16.0m during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A THRIVING, JUST AND EMPOWERED PACIFIC NORTHWEST USING CAPITAL, RELATIONSHIPS AND VOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING ACTIVITIES: PROVIDING BUSINESS SUPPORT, MARKETING ASSISTANCE AND HIGH RISK NON-BANK CREDIT TO BUSINESSES AND INDIVIDUALS IN WASHINGTON AND OREGON. IMPROVING THE PHYSICAL AND ECONOMIC ENVIRONMENTS THROUGH REDUCTION OF WASTE, ENERGY AND CHEMICAL USAGE THROUGH MISSION BASED LENDING.
PROGRAM CONSULTING: PROVIDING EXPERT GUIDANCE IN STRATEGIC PLANNING, ORGANIZATIONAL DEVELOPMENT, ECONOMIC DEVELOPMENT, AND REAL ESTATE DEVELOPMENT. THE SERVICES ARE DESIGNED TO ASSIST BUSINESSES, NON-PROFIT ORGANIZATIONS AND LOCAL GOVERNMENTS IN ACCOMPLISHING THEIR GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Benoit Board Chair | OfficerTrustee | 2 | $0 |
Jo Ann Kauffman Board Member | Trustee | 2 | $0 |
Ronald Grzywinski Board Member | Trustee | 2 | $0 |
Alan Okagaki Board Member | Trustee | 2 | $0 |
Stan Amy Board Member | Trustee | 2 | $0 |
Walt Krumbholz Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simplifile Electronic Document Services | 12/30/22 | $239,734 |
Tech Heads Inc Computer Services | 12/30/22 | $195,172 |
John Sramek Remodeling Construction Services | 12/30/22 | $160,000 |
Stuth Company Construction Services | 12/30/22 | $157,248 |
B Thompson Construction Construction Services | 12/30/22 | $145,111 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,596,139 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,673,259 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,269,398 |
| Total Program Service Revenue | $12,060,240 |
| Investment income | $561,076 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $328,545 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,219,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $220,000 |
| Grants and other assistance to domestic individuals. | $28,949 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,884,194 |
| Compensation of current officers, directors, key employees. | $923,472 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,047,467 |
| Pension plan accruals and contributions | $2,481,495 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,750 |
| Fees for services: Legal | $48,523 |
| Fees for services: Accounting | $227,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $107,549 |
| Information technology | $713,130 |
| Royalties | $0 |
| Occupancy | $695,079 |
| Travel | $162,302 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,874,547 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,320 |
| Insurance | $125,570 |
| All other expenses | $496,987 |
| Total functional expenses | $15,992,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,654,762 |
| Savings and temporary cash investments | $10,010,298 |
| Pledges and grants receivable | $1,078,178 |
| Accounts receivable, net | $1,149,037 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $130,127,521 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $385,872 |
| Net Land, buildings, and equipment | $1,096,508 |
| Investments—publicly traded securities | $29,094,146 |
| Investments—other securities | $0 |
| Investments—program-related | $967,853 |
| Intangible assets | $0 |
| Other assets | $5,546,106 |
| Total assets | $182,110,281 |
| Accounts payable and accrued expenses | $1,759,630 |
| Grants payable | $0 |
| Deferred revenue | $1,053,377 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $157,404 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $107,811,568 |
| Other liabilities | $952,397 |
| Total liabilities | $111,734,376 |
| Net assets without donor restrictions | $67,086,212 |
| Net assets with donor restrictions | $3,289,693 |
| 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 | $182,110,281 |