Northwest Access Fund
- Assets
- $6.5m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Shoreline, WA
- Founding
- 08/2001
- Data as of
- 09/2023
- EIN
- 91-2094889
Organization Overview
Northwest Access Fund is located in Shoreline, WA. The organization was established in 2001. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 09/2023, Northwest Access Fund employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Access 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 09/2023, Northwest Access Fund generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 15.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE OFFER PEOPLE WITH DISABILITIES CUSTOMIZED LOANS, FINANCIAL COACHING, AND OTHER RESOURCES TO PROMOTE ACCESS TO ASSISTIVE TECHNOLOGY, INDEPENDENCE, FINANCIAL RESILIENCE, AND LIFE OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORTHWEST ACCESS FUND PROVIDES: LOW-INTEREST LOANS FOR ASSISTIVE TECHNOLOGY AND HOME AND VEHICLE ACCESSIBILITY MODIFICATIONS; LOW-INTEREST LOANS THAT INCREASE INDEPENDENCE, FINANCIAL RESILIENCE, AND PURSUIT OF LIFE OPPORTUNITIES; INDIVIDUAL DEVELOPMENT (MATCHED SAVINGS) ACCOUNTS FOR ASSISTIVE TECHNOLOGY NEEDED FOR ANY PURPOSE AND FOR ASSETS NEEDED TO PROMOTE OR MAINTAIN EMPLOYMENT OR SELF-EMPLOYMENT; AND FINANCIAL EDUCATION AND FINANCIAL CAPABILITY SERVICES DESIGNED TO INCREASE FINANCIAL KNOWLEDGE, IMPROVE THE RATE OF SAVING, LOWER DEBT, INCREASE CREDIT SCORES, AND ENHANCE THE ABILITY TO MEET FINANCIAL GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Knue President | OfficerTrustee | 1 | $0 |
Wendy Bonner Vice President | OfficerTrustee | 1 | $0 |
Warren Weissman Treasurer | OfficerTrustee | 1 | $0 |
Isabelle Banville Secretary | OfficerTrustee | 1 | $0 |
Laurie Brooks Director | Trustee | 1 | $0 |
Kayla Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,692,501 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,392 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,732,893 |
| Total Program Service Revenue | $152,958 |
| Investment income | $5,397 |
| 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 | $2,894,961 |
| 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. | $251,820 |
| Compensation of current officers, directors, key employees. | $13,872 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $772,913 |
| Pension plan accruals and contributions | $20,131 |
| Other employee benefits | $60,952 |
| Payroll taxes | $81,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,509 |
| Fees for services: Lobbying | $1,360 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,099 |
| Advertising and promotion | $3,559 |
| Office expenses | $4,653 |
| Information technology | $64,384 |
| Royalties | $0 |
| Occupancy | $2,065 |
| Travel | $26,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,183 |
| Insurance | $12,815 |
| All other expenses | $0 |
| Total functional expenses | $1,594,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,457 |
| Savings and temporary cash investments | $2,881,673 |
| Pledges and grants receivable | $63,772 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,302,143 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,176 |
| Net Land, buildings, and equipment | $21,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,463,117 |
| Accounts payable and accrued expenses | $106,621 |
| Grants payable | $0 |
| Deferred revenue | $659,280 |
| 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 | $300,000 |
| Other liabilities | $25,123 |
| Total liabilities | $1,091,024 |
| Net assets without donor restrictions | $4,612,377 |
| Net assets with donor restrictions | $759,716 |
| 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 | $6,463,117 |