Civic Intelligence

Taala Fund

990 • Fiscal year 2023 • EIN 26-3980654

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

56th percentile

0.10x

Higher debt load relative to assets than 56% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.24x

Higher debt load relative to revenue than 68% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

82nd percentile

30%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

55th percentile

6.4%

Faster asset growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

84th percentile

54%

Faster revenue growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$2,735,734

Up $164,089 (+6.4%) from 2022

Net Assets

Up

$2,459,718

Up $349,106 (+17%) from 2022

Liabilities

Down

$276,016

Down $185,017 (-40%) from 2022

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin82nd percentile

Revenue

Up

$1,150,496

Up $403,881 (+54%) from 2022

Expenses

Up

$804,872

Up $158,381 (+24%) from 2022

Net Income

Up

$345,624

Up $245,500 (+245%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth55th 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 2023: $2,735,734Liabilities 2023: $276,016Net Assets 2023: $2,459,7182023Assets 2024: $3,312,636Liabilities 2024: $821,552Net Assets 2024: $2,491,0842024

Highlighted filing

2023

Assets$2,735,734
Liabilities$276,016
Net Assets$2,459,718
Open 2023 Filing

Operations Trend

Revenue Growth84th 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 2023: $1,150,496Expenses 2023: $804,872Net Income 2023: $345,6242023Revenue 2024: $1,110,405Expenses 2024: $1,076,938Net Income 2024: $33,4672024

Highlighted filing

2023

Revenue$1,150,496
Expenses$804,872
Net Income$345,624
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,150,496
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$1,324,407$1,972,541▲ $648,134
Cash and Non-Interest-Bearing Accounts$1,114,598$583,864▼ $530,734
Land, Buildings, and Equipment, Net-$71,464-
Pledges and Grants Receivable$104,823$64,927▼ $39,896
Accounts Receivable$21,004$23,698▲ $2,694
Prepaid Expenses and Deferred Charges$848$959▲ $111
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,571,645$2,735,734▲ $164,089
Other Assets Total$5,965$18,281▲ $12,316
Liabilities
Deferred Revenue$390,865$189,900▼ $200,965
Accounts Payable and Accrued Expenses$67,925$81,860▲ $13,935
Escrow Account Liability$2,243$4,256▲ $2,013
Total Liabilities$461,033$276,016▼ $185,017
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,962,507$2,457,809▲ $495,302
Net Assets With Donor Restrictions$148,105$1,909▼ $146,196
Total Net Assets Fund Balance$2,110,612$2,459,718▲ $349,106
Total Liabilities and Net Assets / Fund Balance$2,571,645$2,735,734▲ $164,089

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$71,464$962$72,426
Equipment-$26,096$26,096
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$939,120
Program Service Revenue
$169,603
Investment Income
$41,773
Other Revenue
$0
All Other Contributions
$250,000
Change in Net Assets
$345,624
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$466,514
Other Expenses$338,358
Total Fundraising Expense$174,939
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$212,022$70,921$86,820$369,763
Fees for Services Other$84,412$28,235$34,565$147,212
Other Employee Benefits$35,751$11,958$14,639$62,348
Office Expenses$24,478$8,187$10,023$42,688
Travel$23,641$7,908$9,681$41,230
Payroll Taxes$16,962$5,674$6,946$29,582
Information Technology$11,400$3,813$4,668$19,881
Conferences and Meetings$6,325$2,115$2,590$11,030
Pension Plan Contributions$2,764$925$1,132$4,821
Occupancy$2,342$783$959$4,084
Other Expenses$1,236$413$506$2,155
All Other Expenses$825$921$337$2,083
Fees for Services Accounting$1,055$353$432$1,840
Advertising$585$196$240$1,021
Depreciation Depletion$552$185$226$963
Insurance$512$171$210$893
Total Functional Expenses$486,386$143,547$174,939$804,872
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
2024-11-15
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
11405 W BERNARDO CT STE A, SAN DIEGO, CA 92127
Preparer
Sanwar Harshwal CPA
Phone
8589390017
Supplemental Narrative

Financial Statement Notes

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

“In 2023 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 2023, Taala Fund had two HIL that were hold in escrow and paid to Burnetts insurance in July and September.”

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IRS990/Form990PartVIISectionAGrp/PersonNm0David Montgomery
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IRS990/PayrollTaxesGrp/ProgramServicesAmt016962
IRS990/PayrollTaxesGrp/TotalAmt029582
IRS990/PensionPlanContributionsGrp/FundraisingAmt01132
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0925
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02764
IRS990/PensionPlanContributionsGrp/TotalAmt04821
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0104823
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt064927
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0848
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0959
IRS990/PrincipalOfficerNm0David Montgomery
IRS990/PriorPeriodAdjustmentsAmt03482
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Contract Income
IRS990/ProgramServiceRevenueGrp/Desc1Interest Revenue- Lending
IRS990/ProgramServiceRevenueGrp/Desc2Loan app.and other fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt055451
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt195638
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt218514
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt055451
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt195638
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt218514
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/ExpenseAmt084417
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0606324
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt037043
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0353480
IRS990/PYProgramServiceRevenueAmt0103248
IRS990/PYRevenuesLessExpensesAmt0100124
IRS990/PYSalariesCompEmpBnftPaidAmt0293011
IRS990/PYTotalExpensesAmt0646491
IRS990/PYTotalRevenueAmt0746615
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0345624
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0169603
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0939120
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0606324
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0497088
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0563854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0440725
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03047111
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0155925
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt075788
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt063823
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt069426
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt071661
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0436623
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0119953
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87470
IRS990ScheduleA/PublicSupportPY170Pct00.86800
IRS990ScheduleA/PublicSupportTotal170Amt03047111
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0939120
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0606324
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0497088
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0563854
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0440725
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03047111
IRS990ScheduleA/TotalSupportAmt03483734
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/BuildingsGrp/BookValueAmt071464
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0962
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt072426
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026096
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026096
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0In 2023 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 2023, 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
IRS990ScheduleD/TotalBookValueLandBuildingsAmt071464
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
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02571645
IRS990/TotalAssetsEOYAmt02735734
IRS990/TotalAssetsGrp/BOYAmt02571645
IRS990/TotalAssetsGrp/EOYAmt02735734
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0939120
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0174939
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0143547
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0486386
IRS990/TotalFunctionalExpensesGrp/TotalAmt0804872

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,735,734
Liabilities
$276,016
Net assets
$2,459,718
Revenue
$1,150,496
Expenses
$804,872
Net income
$345,624
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
2023Detailed filing. Detailed filing data is available for this year.$2.74$0.28$2.46$1.15$0.80$0.35
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$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