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Craft3

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 911662698 ✦ Astoria, OR ✦ Designated as a 501(c)(3)

Overview

What is Craft3?

Craft3 is a nonprofit organization based in Astoria, Oregon, with a team of 91 employees. Their primary mission is to support businesses and individuals in Washington and Oregon through business lending, marketing assistance, and high-risk non-bank credit. By providing capital and fostering relationships, Craft3 aims to create a thriving and just Pacific Northwest community. Additionally, Craft3's mission-based lending focuses on reducing waste, energy, and chemical usage in the region, contributing to the economic and physical improvement of the area.


Official website here: www.craft3.org

Is Craft3 legitimate?

Craft3 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Craft3 submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,884,194
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,047,467

For more financial information, click here


Official website here: www.craft3.org

What is the mission statement of Craft3?

Craft3 is devoted to creating a prosperous, fair, and empowered community in the Pacific Northwest. They achieve this goal through the strategic use of capital, cultivating meaningful relationships, and leveraging their voice. The organization's core activities include providing business support, marketing assistance, and non-bank credit to entrepreneurs and individuals in Washington and Oregon. In addition, they strive to enhance physical and economic environments by implementing mission-based lending, which reduces waste, energy, and chemical usage.


Official website here: www.craft3.org

Who is the CEO of Craft3?

Adam Zimmerman is the Chief Executive Officer of Craft3. The CEO's salary of Craft3 is $284,338 and their total compensation is $291,676.


Official website here: www.craft3.org

What is the revenue of Craft3?

Craft3's revenue in 2022 was $19,219,259.


Official website here: www.craft3.org

Who are the executives of Craft3 and what are their salaries?

The average compensation at Craft3 during 2022 was $87,161. There are 91 employees and 10 volunteers at Craft3.

Here are 26 key members and their salaries (Craft3's CEO's salary is $284,338 and their total compensation is $291,676):

    Adam Zimmerman (Chief Executive Officer)
  • Compensation: $284,338
  • Related: $0
  • Other: $7,338

    • Bruce Brooks (President)
  • Compensation: $227,227
  • Related: $0
  • Other: $22,435

    • Michael Dickerson (Innovation And Evaluation Director)
  • Compensation: $211,793
  • Related: $0
  • Other: $14,066

    • Mark Stevenson (Chief Financial Officer, Evp)
  • Compensation: $178,703
  • Related: $0
  • Other: $28,378

    • Ronalene Monteith (Chief Credit Officer, Evp)
  • Compensation: $191,112
  • Related: $0
  • Other: $12,914

    • James Galbraith (Legal Counsel, Vp)
  • Compensation: $181,161
  • Related: $0
  • Other: $8,498

    • Michael Wu (It Director, Vp)
  • Compensation: $158,204
  • Related: $0
  • Other: $21,401

    • Sonya Lynn (Chief Operating Officer, Evp)
  • Compensation: $156,113
  • Related: $0
  • Other: $18,941

    • John Hunter (Sr. Business Lender, Vp)
  • Compensation: $134,655
  • Related: $0
  • Other: $27,942

    • Turner Waskom (Commercial Lending Director, Svp)
  • Compensation: $156,698
  • Related: $0
  • Other: $4,875

    • Margaret Weiland (Development Director, Svp)
  • Compensation: $134,311
  • Related: $0
  • Other: $26,580

    • Teresa Parriett (Controller, Vp)
  • Compensation: $141,650
  • Related: $0
  • Other: $10,660

    • Desiree Michiels (Consumer Lending Director, Svp)
  • Compensation: $145,217
  • Related: $0
  • Other: $4,787

    • Saif Hakim (Commercial Lending Team Manager, Vp)
  • Compensation: $140,787
  • Related: $0
  • Other: $3,502

    • Paul Benoit (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jo Ann Kauffman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronald Grzywinski (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan Okagaki (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stan Amy (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Walt Krumbholz (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chad Olney (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Muthu Muthiah (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Houghton (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Nettekoven (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lee Winslett (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrea Sanderson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.craft3.org

    Where can I find the form 990 for Craft3?

    The Craft3’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.craft3.org

    Learn more at the official website: www.craft3.org

    Mission Statement of Craft3

    Craft3, a leading nonprofit organization, is on a mission to build a thriving, just, and empowered Pacific Northwest community. Using the tools of capital, relationships, and voice, Craft3 strives to make a positive impact in the lives of businesses and individuals in Washington and Oregon.

    At the heart of Craft3's mission is the provision of business support, marketing assistance, and high-risk non-bank credit. These services are crucial for the growth and success of businesses in the region. By extending a helping hand to entrepreneurs and small business owners, Craft3 is contributing to the economic vitality of the Pacific Northwest.

    Moreover, Craft3 is dedicated to improving the physical and economic environments through mission-based lending. This approach enables the organization to reduce waste, energy, and chemical usage in the businesses it supports. By promoting sustainable business practices, Craft3 is not only fostering economic growth but also contributing to a greener and more eco-friendly future for the Pacific Northwest.

    In summary, Craft3 is a catalyst for change in the Pacific Northwest. Through its innovative lending activities and commitment to sustainability, the organization is empowering businesses and individuals to thrive and contribute to a more just and equitable society.

    Impact

    This information is meant to be a general summary of Craft3. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Craft3's impact is seen in the thriving, just, and empowered Pacific Northwest community it helps create through its lending activities. By providing business support, marketing assistance, and high-risk non-bank credit to businesses and individuals in Washington and Oregon, Craft3 contributes to the economic development and sustainability of the region. Additionally, by focusing on reducing waste, energy, and chemical usage through mission-based lending, Craft3 is instrumental in improving the physical and economic environments of the communities it serves. Through its efforts, Craft3 plays a vital role in advancing community improvement and fostering a more sustainable future for the Pacific Northwest.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $889,621
  • Program Service Revenue: $12,060,240
  • Gross Receipts: $19,219,259

    • Assets and Liabilities:
  • Total Assets: $182,110,281
  • Total Liabilities: $111,734,376
  • Net Assets: $70,375,905
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LENDING ACTIVITIES

    Revenue

    $11,366,088

    PROGRAM CONSULTING

    Revenue

    $694,152

    Organization Details

    Founding Year

    1994

    Principal Officer

    Adam Zimmerman

    Main Address

    42 7TH STREET 100, ASTORIA, OR, 97103

    NTEE Category

    Code: S43 - Community improvement

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