Civic Intelligence

Lummi Community Development

EIN 37-1525217 • 501(c)3 • Bellingham, WA

Profile

To provide access to education, financing, and asset growth in order to improve the prosperity and well being of families, through technical assistance and development services of financial literacy, budgeting, and business plan counseling. The organization seeks to serve as the bridge to mainstream financing intitutions. Lending products include collateralized loans for microenterprises and small businesses for purposes of working capital and fixed assets. The organization makes loans to members of the lummi nation, residents of the lummi reservation, and other native americans or private individuals and entities whose activities will accrue social or economic benefit to the lummi nation or residents of the lummi reservation.

12 Bellwether Way No 224Bellingham, WA 98225

www.lummicdfi.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.19x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.62x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

91st percentile

56%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$138,999

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

85th percentile

27%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

85%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,953,438

Up $1,253,485 (+27%) from 2023

Liabilities

Up

$1,132,570

Up $217,324 (+24%) from 2023

Net Assets

Up

$4,820,868

Up $1,036,161 (+27%) from 2023

Revenue

Up

$1,835,120

Up $843,205 (+85%) from 2023

Expenses

Up

$798,959

Up $31,149 (+4.1%) from 2023

Net Income

Up

$1,036,161

Up $812,056 (+362%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2015: $1,453,580Liabilities 2015: $19,052Net Assets 2015: $1,434,5282015Assets 2016: $1,607,088Liabilities 2016: $5,025Net Assets 2016: $1,602,0632016Assets 2017: $1,555,002Liabilities 2017: $24,033Net Assets 2017: $1,530,9692017Assets 2018: $1,286,962Liabilities 2018: $25,021Net Assets 2018: $1,261,9412018Assets 2019: $1,963,931Liabilities 2019: $96,418Net Assets 2019: $1,867,5132019Assets 2020: $2,595,177Liabilities 2020: $86,076Net Assets 2020: $2,509,1012020Assets 2021: $3,348,684Liabilities 2021: $711,667Net Assets 2021: $2,637,0172021Assets 2022: $4,447,190Liabilities 2022: $886,588Net Assets 2022: $3,560,6022022Assets 2023: $4,699,953Liabilities 2023: $915,246Net Assets 2023: $3,784,7072023Assets 2024: $5,953,438Liabilities 2024: $1,132,570Net Assets 2024: $4,820,8682024

Highlighted filing

2024

Assets$5,953,438
Liabilities$1,132,570
Net Assets$4,820,868

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2015: $88,575Expenses 2015: $235,062Net Income 2015: -$146,4872015Revenue 2016: $797,037Expenses 2016: $569,891Net Income 2016: $227,1462016Revenue 2017: $470,595Expenses 2017: $541,689Net Income 2017: -$71,0942017Revenue 2018: $156,179Expenses 2018: $431,005Net Income 2018: -$274,8262018Revenue 2019: $1,112,770Expenses 2019: $507,198Net Income 2019: $605,5722019Revenue 2020: $1,177,199Expenses 2020: $535,611Net Income 2020: $641,5882020Revenue 2021: $944,031Expenses 2021: $681,526Net Income 2021: $262,5052021Revenue 2022: $1,616,846Expenses 2022: $693,261Net Income 2022: $923,5852022Revenue 2023: $991,915Expenses 2023: $767,810Net Income 2023: $224,1052023Revenue 2024: $1,835,120Expenses 2024: $798,959Net Income 2024: $1,036,1612024

Highlighted filing

2024

Revenue$1,835,120
Expenses$798,959
Net Income$1,036,161

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 29, 2025
Return Version
2024v5.2
Gross Receipts
$1,835,120
Mission and Program Overview

Mission

To provide access to education, financing, and asset growth in order to improve the prosperity and well being of families, through technical assistance and development services of financial literacy, budgeting, and business plan counseling. The organization seeks to serve as the bridge to mainstream financing intitutions. Lending products include collateralized loans for microenterprises and small businesses for purposes of working capital, fixed assets, and real estate. The organization makes loans to members of the lummi nation, residents of the lummi reservation, and other native americans or private individuals and entities whose activities will accrue social or economic benefit to the lummi nation or residents of the lummi reservation.

To provide access to education in order to improve the prosperity and well-being of families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,860,365$3,065,017▲ $1,204,652
Other Notes and Loans Receivable, Net$2,226,144$2,485,123▲ $258,979
Pledges and Grants Receivable$598,963$369,999▼ $228,964
Prepaid Expenses and Deferred Charges$14,481$33,299▲ $18,818
Total Assets$4,699,953$5,953,438▲ $1,253,485
Liabilities
Unsecured Notes Loans Payable$884,569$1,113,994▲ $229,425
Accounts Payable and Accrued Expenses$30,677$18,576▼ $12,101
Total Liabilities$915,246$1,132,570▲ $217,324
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,926,194$4,253,827▲ $1,327,633
Net Assets With Donor Restrictions$858,513$567,041▼ $291,472
Total Net Assets Fund Balance$3,784,707$4,820,868▲ $1,036,161
Total Liabilities and Net Assets / Fund Balance$4,699,953$5,953,438▲ $1,253,485
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nancy JordanInterim Executive DirectorFT$138,999$138,999

Board Members and Trustees

NameTitle
Rex RhoadesBoard Chairman
Cindy CulteeVice-chair
Debra LekanoffBoard Member
John MichenerBoard Member
Wade StringfieldBoard Member
Joseph BowenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,555,899
Program Service Revenue
$276,714
Investment Income
$2,507
Other Revenue
$0
All Other Contributions
$1,080,125
Change in Net Assets
$1,036,161

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,835,120
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,835,120
Total Revenue per Form 990
$1,835,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$404,879
Other Expenses$394,080
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$173,507$34,907-$208,414
Current Officers, Directors, Trustees, and Key Employees$92,954$19,039-$111,993
Advertising$58,045--$58,045
Other Employee Benefits$43,327$11,614-$54,941
Fees for Services Accounting$45,687$8,403-$54,090
Office Expenses$31,768$14,612-$46,380
Occupancy$31,654$10,551-$42,205
Fees for Services Other$33,412--$33,412
Interest$32,691--$32,691
Payroll Taxes$23,289$6,242-$29,531
Fees for Services Management$24,060--$24,060
Conferences and Meetings$15,202--$15,202
Travel$7,090$7,090-$14,180
Fees for Services Legal$5,878--$5,878
Insurance-$1,917-$1,917
Other Expenses$1,000$991-$991
Total Functional Expenses$682,133$116,826$0$798,959

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$798,959
Total Expenses per Audited Statements$798,959
Total Expenses per Form 990$798,959
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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
No
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 990 federal tax return will be reviewed by the board before it is signed and filed in a special meeting.

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

Conflicts of interest must be disclosed. Any interested person may make a presentation to the governing board or committee. After, he/she must leave the meeting. The board will vote and take appropriate action.

Form 990, Part VI, Section C, Line 19

Form 990 tax return will be provided upon request.

Filing and Contact Details

Filer

Filer Name
Pacific Northwest Tribal Lending
EIN
37-1525217
Phone
3605946004
Address
12 BELLWETHER WAY NO 224, BELLINGHAM, WA 98225

Signing Officer

Name
Joe Bowen
Title
Board Chair
Phone
3605946004
Signed
2025-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Bowen
Formed
2006
Legal Domicile
Wa
Voting Board Members
5
Independent Board Members
5
Employees
5
Volunteers
6

Preparer

Firm
Larson Gross Advisors LLC
Address
2211 RIMLAND DR 422, BELLINGHAM, WA 98226
Preparer
Steve Forbes-cpa
Phone
3607344280
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Pacific northwest tribal lending, pursuant to a letter of determination from the internal revenue service, is a non-profit organization exempted from the federal income tax under section 501(c)(3) of the internal revenue service code of 1986. As of december 31, 2024 the entity had no unrealated business activities subject to federal income taxes. Management evaluated the entity's tax positions and concluded that the entity had taken no uncertain tax positions.

Raw XML AppendixShowing 400 of 402 raw XML fields

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IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0276714
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01250
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IRS990ScheduleA/PublicSupportPY170Pct00.83110
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PACIFIC NORTHWEST TRIBAL LENDING, PURSUANT TO A LETTER OF DETERMINATION FROM THE INTERNAL REVENUE SERVICE, IS A NON-PROFIT ORGANIZATION EXEMPTED FROM THE FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE OF 1986. AS OF DECEMBER 31, 2024 THE ENTITY HAD NO UNREALATED BUSINESS ACTIVITIES SUBJECT TO FEDERAL INCOME TAXES. MANAGEMENT EVALUATED THE ENTITY'S TAX POSITIONS AND CONCLUDED THAT THE ENTITY HAD TAKEN NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01835120
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 FEDERAL TAX RETURN WILL BE REVIEWED BY THE BOARD BEFORE IT IS SIGNED AND FILED IN A SPECIAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICTS OF INTEREST MUST BE DISCLOSED. ANY INTERESTED PERSON MAY MAKE A PRESENTATION TO THE GOVERNING BOARD OR COMMITTEE. AFTER, HE/SHE MUST LEAVE THE MEETING. THE BOARD WILL VOTE AND TAKE APPROPRIATE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 TAX RETURN WILL BE PROVIDED 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 C, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0682133
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IRS990/TotalProgramServiceExpensesAmt0682133
IRS990/TotalProgramServiceRevenueAmt0276714
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IRS990/TotalRevenueGrp/ExclusionAmt02507
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IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01113994
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IRS990/USAddress/AddressLine1Txt012 BELLWETHER WAY NO 224
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IRS990/WebsiteAddressTxt0WWW.LUMMICDFI.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE BOWEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03605946004
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PACIFIC NORTHWEST TRIBAL LENDING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FINANCIAL INSTITUTION
ReturnHeader/Filer/BusinessNameControlTxt0PACI
ReturnHeader/Filer/EIN0371525217
ReturnHeader/Filer/PhoneNum03605946004
ReturnHeader/Filer/USAddress/AddressLine1Txt012 BELLWETHER WAY NO 224
ReturnHeader/Filer/USAddress/CityNm0BELLINGHAM
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ReturnHeader/Filer/USAddress/ZIPCd098225
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0911663574
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LARSON GROSS ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02211 RIMLAND DR 422
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BELLINGHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098226
ReturnHeader/PreparerPersonGrp/PhoneNum03607344280
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVE FORBES-CPA
ReturnHeader/ReturnTs02025-11-06T18:19:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01

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