Civic Intelligence

Taala Fund

990 • Fiscal year 2022 • EIN 26-3980654

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization Profilewww.taalafund.org
PO Box 702Taholah, WA 98587

(360) 276-0118

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.18x

Higher debt load relative to assets than 66% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.62x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

61st percentile

13%

Higher net margin than 61% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

75th percentile

32%

Faster revenue growth than 75% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$2,571,645

Up $261,283 (+11%) from 2021

Net Assets

Up

$2,110,612

Up $100,124 (+5.0%) from 2021

Liabilities

Up

$461,033

Up $161,159 (+54%) from 2021

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin61st percentile

Revenue

Up

$746,615

Up $182,357 (+32%) from 2021

Expenses

Up

$646,491

Up $96,764 (+18%) from 2021

Net Income

Up

$100,124

Up $85,593 (+589%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $2,075,949Liabilities 2016: $275,538Net Assets 2016: $1,800,4112016Assets 2019: $1,831,221Liabilities 2019: $23,701Net Assets 2019: $1,807,5202019Assets 2020: $2,279,632Liabilities 2020: $323,671Net Assets 2020: $1,955,9612020Assets 2021: $2,310,362Liabilities 2021: $299,874Net Assets 2021: $2,010,4882021Assets 2022: $2,571,645Liabilities 2022: $461,033Net Assets 2022: $2,110,6122022Assets 2024: $3,312,636Liabilities 2024: $821,552Net Assets 2024: $2,491,0842024

Highlighted filing

2022

Assets$2,571,645
Liabilities$461,033
Net Assets$2,110,612
Open 2022 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2016: $423,169Expenses 2016: $507,170Net Income 2016: -$84,0012016Revenue 2019: $512,387Expenses 2019: $467,087Net Income 2019: $45,3002019Revenue 2020: $640,556Expenses 2020: $530,340Net Income 2020: $110,2162020Revenue 2021: $564,258Expenses 2021: $549,727Net Income 2021: $14,5312021Revenue 2022: $746,615Expenses 2022: $646,491Net Income 2022: $100,1242022Revenue 2024: $1,110,405Expenses 2024: $1,076,938Net Income 2024: $33,4672024

Highlighted filing

2022

Revenue$746,615
Expenses$646,491
Net Income$100,124
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$746,615
Mission and Program Overview

Mission

To provide business development and build assets on the Quinault Indian Reservation and among Quinault tribal members improving the quality of life for its people and communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$836,823$1,324,407▲ $487,584
Cash and Non-Interest-Bearing Accounts$1,443,145$1,114,598▼ $328,547
Pledges and Grants Receivable$21,850$104,823▲ $82,973
Accounts Receivable$552$21,004▲ $20,452
Prepaid Expenses and Deferred Charges$830$848▲ $18
Savings and Temporary Cash Investments-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,310,362$2,571,645▲ $261,283
Other Assets Total$7,162$5,965▼ $1,197
Liabilities
Deferred Revenue$242,437$390,865▲ $148,428
Accounts Payable and Accrued Expenses$57,437$67,925▲ $10,488
Escrow Account Liability-$2,243-
Total Liabilities$299,874$461,033▲ $161,159
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,862,383$1,962,507▲ $100,124
Net Assets With Donor Restrictions$148,105$148,105→ $0
Total Net Assets Fund Balance$2,010,488$2,110,612▲ $100,124
Total Liabilities and Net Assets / Fund Balance$2,310,362$2,571,645▲ $261,283

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$26,096$26,096
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
David MontgomeryPresident
Edcelena JamesVice President
Francis RosanderBoard Member
Alice MorrisTreasurer/Sec.
Revenue and Support

Revenue Composition

Contributions and Grants
$606,324
Program Service Revenue
$103,248
Investment Income
$37,043
Other Revenue
$0
All Other Contributions
$79,000
Change in Net Assets
$100,124
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$353,480
Salaries, Compensation, and Employee Benefits$293,011
Total Fundraising Expense$55,778
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$178,248$50,211$22,595$251,054
Other Salaries and Wages$164,916$46,455$20,905$232,276
Other Employee Benefits$27,204$7,663$3,449$38,316
Payroll Taxes$13,190$3,715$1,672$18,577
Travel$13,123$3,697$1,664$18,484
Office Expenses$10,905$3,072$1,382$15,359
Information Technology$7,572$2,133$959$10,664
Fees for Services Accounting$6,610$1,862$838$9,310
Conferences and Meetings$5,572$1,570$706$7,848
Pension Plan Contributions$2,728$768$346$3,842
Occupancy$2,141$603$272$3,016
All Other Expenses$1,729$148$66$1,943
Other Expenses$1,495$1,785$189$1,785
Insurance$609$171$77$857
Total Functional Expenses$464,976$125,737$55,778$646,491
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The board of directors will review before submission”

Form 990, Part VI, Section B, Line 12C

“Officers and directors are required to disclose possible conflicts and remove themselves from action items and report conflict at the regular quarterly board meetings.”

Form 990, Part VI, Section B, Line 15A

“The board of directors approve the executive director's salary and performs an annual performance evaluation.”

Form 990, Part VI, Section C, Line 19

“All governing documents, audits and policies are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Taala Fund
EIN
26-3980654
Phone
3602760118
Address
PO BOX 702, TAHOLAH, WA 98587

Signing Officer

Name
David Montgomery
Title
President
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Montgomery
Formed
2009
Legal Domicile
Wa
Voting Board Members
5
Independent Board Members
5
Employees
7

Preparer

Firm
Harshwal & Company Llp
Address
7677 OAKPORT ST STE 460, OAKLAND, CA 94621
Preparer
Sanwar Harshwal CPA
Phone
5104525051
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

“In 2022 Taala Fund was deploying NACA 19 Home Improvement loans. The policy states that homeowner must have homeowners insurance for the life of the loan. One option offered is by adding the estimated cost of the insurance to the loan over the life of the loan, Taala will hold that amount and pay the annual policy amount to the insurance company until the amount in loan is used up, then the homeowner will have to pay the remaining balance for the life of the loan. In 2022, Taala Fund had two HIL that were hold in escrow and paid to Burnetts insurance in July and September.”

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IRS990/ProgSrvcAccomActy2Grp/Desc0Education and Asset Building:Taala Fund offers training, technical assistance, and one-on-one services to assist our clients to start or expand businesses, improve their homes, and improve their financial condition.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt086766
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0497088
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt032290
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IRS990/PYOtherExpensesAmt0250869
IRS990/PYProgramServiceRevenueAmt034880
IRS990/PYRevenuesLessExpensesAmt014531
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IRS990/PYTotalExpensesAmt0549727
IRS990/PYTotalRevenueAmt0564258
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0103248
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0606324
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0497088
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0563854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0440725
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0283533
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02391524
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt075788
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt063823
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt069426
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt071661
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt083133
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0363831
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt064502
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86800
IRS990ScheduleA/PublicSupportPY170Pct00.86560
IRS990ScheduleA/PublicSupportTotal170Amt02391524
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0606324
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0497088
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0563854
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0440725
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0283533
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02391524
IRS990ScheduleA/TotalSupportAmt02755355
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026096
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026096
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0In 2022 Taala Fund was deploying NACA 19 Home Improvement loans. The policy states that homeowner must have homeowners insurance for the life of the loan. One option offered is by adding the estimated cost of the insurance to the loan over the life of the loan, Taala will hold that amount and pay the annual policy amount to the insurance company until the amount in loan is used up, then the homeowner will have to pay the remaining balance for the life of the loan. In 2022, Taala Fund had two HIL that were hold in escrow and paid to Burnetts insurance in July and September.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b: Explanation of escrow account liability
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS WILL REVIEW BEFORE SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE POSSIBLE CONFLICTS AND REMOVE THEMSELVES FROM ACTION ITEMS AND REPORT CONFLICT AT THE REGULAR QUARTERLY BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS APPROVE THE EXECUTIVE DIRECTOR'S SALARY AND PERFORMS AN ANNUAL PERFORMANCE EVALUATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, AUDITS AND POLICIES ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02310362
IRS990/TotalAssetsEOYAmt02571645
IRS990/TotalAssetsGrp/BOYAmt02310362
IRS990/TotalAssetsGrp/EOYAmt02571645
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0606324
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt055778
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0125737
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0464976
IRS990/TotalFunctionalExpensesGrp/TotalAmt0646491
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0299874
IRS990/TotalLiabilitiesEOYAmt0461033
IRS990/TotalLiabilitiesGrp/BOYAmt0299874
IRS990/TotalLiabilitiesGrp/EOYAmt0461033
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02010488
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02110612
IRS990/TotalProgramServiceExpensesAmt0464976
IRS990/TotalProgramServiceRevenueAmt0103248
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0140291
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0746615
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02310362
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02571645
IRS990/TravelGrp/FundraisingAmt01664
IRS990/TravelGrp/ManagementAndGeneralAmt03697
IRS990/TravelGrp/ProgramServicesAmt013123
IRS990/TravelGrp/TotalAmt018484
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,571,645
Liabilities
$461,033
Net assets
$2,110,612
Revenue
$746,615
Expenses
$646,491
Net income
$100,124
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.82$2.49$1.11$1.08$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.57$0.46$2.11$0.75$0.65$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.30$2.01$0.56$0.55$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.32$1.96$0.64$0.53$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$0.02$1.81$0.51$0.47$0.05
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.28$1.80$0.42$0.51$0.08
Peer Organizations

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