2023-11-14T18:05:35-06:00 2022-12-31 930900579 MCDONALD JACOBS PC 520 SW YAMHILL ST STE 500 PORTLAND OR 97204 990 2022-01-01 454295940 SPRUCE ROOT INC SPRU 9075861512 ONE SEALASKA PLAZA 400 JUNEAU AK 99801 ALANA PETERSON EXECUTIVE DIRECTOR 9075861512 2023-11-14 1 ALANA PETERSON 999009999 0 SANG AHN P00540880 5032270581 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALANA PETERSON ONE SEALASKA PLAZA 400 JUNEAU AK 99801 20837775 0 X SPRUCEROOT.ORG X 2012 AK SPRUCE ROOT DRIVES REGENERATIVE ECONOMIES ACROSS SOUTHEAST ALASKA SO COMMUNITIES CAN FORGE FUTURES GROUNDED IN THIS UNIQUELY INDIGENOUS PLACE. 7 7 17 7 0 0 3208746 20605679 278696 229511 -23159 2585 650 -12233 3464933 20825542 497373 417570 0 0 816524 1360093 0 0 145148 2143443 1135725 3457340 2913388 7593 17912154 2965503 21033643 1639273 1823346 1326230 19210297 X TO ASSIST SOUTHEAST ALASKAS PEOPLE, BUSINESSES, AND COMMUNITIES IN REACHING LONG-TERM ECONOMIC, SOCIAL, AND ENVIRONMENTAL RESILIENCE, AND IMPROVE ECONOMIC CONDITIONS IN SOUTHEAST ALASKA COMMUNITIES THROUGH INNOVATION, SUSTAINABILITY AND COLLABORATION. THE CDFI PROVIDES MICRO AND SMALL BUSINESS LOANS TO ELIGIBLE BORROWERS IN THOSE COMMUNITIES. 0 0 1423955 388720 146611 THE SUSTAINABLE SOUTHEAST PARTNERSHIP (SSP) IS A GROWING COLLABORATION OF ORGANIZATIONS AND INDIVIDUALS WHOSE COMMON GOAL IS TO EMPOWER SOUTHEAST ALASKAN COMMUNITIES TO STRENGTHEN CULTURAL, ECOLOGICAL AND ECONOMIC PROSPERITY, SUSTAINABILITY AND RESILIENCE. WE HAVE COME TOGETHER TO WORK COLLABORATIVELY THROUGH THIS PARTNERSHIP BECAUSE WE BELIEVE THAT WE CAN HAVE GREATER IMPACT BY WORKING TOGETHER ON THE COMPLEX CHALLENGES ASSOCIATED WITH COMMUNITY SUSTAINABILITY THAN BY WORKING ON OUR OWN. 235924 82900 LENDING ACTIVITIES WERE EXECUTED AND SIGNIFICANT EFFORTS WERE COMMITTED TO SECURE ADDITIONAL FUNDING TO INCREASE AVAILABLE CAPITAL FOR LENDING TO ELIGIBLE BORROWERS. 416001 28850 THE PATH TO PROSPERITY (P2P) PROGRAM IS A SUITE OF PROGRRAMS INCLUDING A BUSINESS COMPETITION THAT PROMOTES ENTREPRENEURIAL ACTIVITIES (TECHNICAL ASSISTANCE) IN ITS TARGET COMMUNITIES. OVER 350 BUSINESSES HAVE PARTICIPATED IN THE PROGRAM TO DATE. 113776 WORKFORCE DEVELOPMENT INITIATIVES INCLUDING CAREER COACHING AND SOFT SKILLS WORKSHOPS WERE HELD, AND COMMUNITY PLANNING AND FACILITATION ACTIVITIES WERE PERFORMED. 113776 2189656 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 20 0 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 0 0 X LAUREL STARK 9075861512 ONE SEALASKA PLAZA 400 JUNEAU AK 99801 LESLIE ISAACSS CHAIR 0.50 X X 0 0 0 CHRIS PEREZ PRESIDENT, FINANCE COMMITTEE 0.50 X X 0 0 0 JOE NELSON SECRETARY 0.50 X X 0 0 0 NORMAN COHEN TREASURER, FINANCE COMMITTEE 0.50 X X 0 0 0 ANTHONY MALLOTT INVESTMENT COMMITTEE, SSP STEERING COMMITTEE 0.50 X 0 0 0 LA QUEN NAY LIZ MEDICINE CROW BOARD MEMBER 0.50 X 0 0 0 SARAH DYBDAHL BOARD MEMBER, INVESTMENT COMMITTEE 0.50 X 0 0 0 ALANA PETERSON EXECUTIVE DIRECTOR 35.00 X 143447 0 17893 143447 0 17893 1 0 1 0 0 18400 1268068 19319211 20605679 WORKFORCE/BUSINESS PROGRAMS 522291 146611 146611 CDFI LENDING 110000 82900 82900 229511 2585 2585 0 18400 12233 -12233 -12233 20825542 229511 0 -9648 X 405570 405570 12000 12000 161340 103742 42916 14682 987770 635136 262747 89887 24144 15525 6422 2197 98689 63457 26251 8981 88150 56680 23448 8022 44801 32221 12580 85705 61640 24065 541198 389233 151965 139376 80994 48466 9916 8374 5385 2227 762 127246 92301 30069 4876 21318 21318 TRAINING 152033 110282 35926 5825 INDIRECT COSTS ALLOCATI 0 93983 -93983 15674 10189 5485 2913388 2189656 578584 145148 1929370 18141851 1455649 269365 714065 151919 30153 18958 6298 36027 36027 0 0 595891 685627 2965503 21033643 50071 84183 675981 538401 851905 1004749 61316 196013 1639273 1823346 X 600080 720253 726150 18490044 1326230 19210297 2965503 21033643 X 17912154 -28087 X X 0 1 X 1 1 1 X 787565 995765 1867680 3208746 20625844 27485600 787565 995765 1867680 3208746 20625844 27485600 10448452 17037148 516 2585 3101 27488701 229511 0.61980 0.71870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0.01000 0.00000 0.99000 1 36027 36027 0 0 ACCRUED WAGES/VACATION 191454 ACCRUED INTEREST PAYABLE 4559 196013 X 20868308 70853 -28087 42766 20825542 0 20825542 2984241 70853 70853 2913388 0 2913388 PART V, LINE 4: TO SUPPORT THE ACTIVITY OF THE SUSTAINABLE SOUTHEAST PARTNERSHIP IN PERPETUITY. PART X, LINE 2: THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC TOPIC 740 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS TOPIC. PART XI, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR LOAN (LOSS) RECOVERY -28,087. X X X AK SEACOAST 18400 18400 6610 5623 18400 18400 6610 5623 12233 -12233 1 CENTRAL COUNCIL OF TLINGIT & HAIDA INDIAN TRIBES OF ALASKA (TLINGIT & HAIDA PO BOX 25500 JUNEAU AK 99802 35224 0 SUSTAINABLE SOUTHEAST PARTNERSHIP PROJECT FUNDING - ALASKAN YOUTH STEWARDS HOONAH INDIAN ASSOCIATION PO BOX 602 HOONAH AK 99829 40000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING SKAGWAY DEVELOPMENT CORPORATION 870 A STATE ST SKAGWAY AK 99840 920178115 501(C)(6) 20000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING BARNACLE FOODS 5015 SHORT ST JUNEAU AK 99801 40000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING ECOTRUST ECOTRUST 1140 SE 7TH AVE STE 150 PORTLAND OR 97214 931050144 501(C)(3) 40000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING RENEWABLE ENERGY ALASKA PROJECT 308 G STREET SUITE 225 ANCHORAGE AK 99501 260484527 501(C)(3) 40000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING SITKA CONSERVATION SOCIETY 201 LINCOLN ST ROOM 4 SITKA AK 99835 920096633 501(C)(3) 80000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING KLAWOCK COOPERATIVE ASSOCIATION PO BOX 430 KLAWOCK AK 99925 40000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING ORGANIZED VILLAGE OF KAKE PO BOX 316 KAKE AK 99830 36540 0 SUSTAINABLE SOUTHEAST PARTNERSHIP PROJECT FUNDING - ALASKAN YOUTH STEWARDS 7 2 MARICULTURE FELLOW STIPENDS 2 12000 PART I, LINE 2: ALL GRANTS WERE DISTRIBUTED IN ACCORDANCE WITH THE PATH TO PROPERITY COMPETITION RULES OR SUSTAINABLE SOUTHEAST PARTNERSHIP PARTNERSHIP AGREEMENTS. A COMPLETE SET OF RULES IS AVAILABLE AT SPRUCEROOT.ORG. FUNDS ARE DISBURSED TO AWARD RECIPIENTS UPON RECEIPT OF DOCUMENTATION SUPPORTING COVERED EXPENDITURES OR ARE PAID DIRECTLY TO THIRD PARTY VENDORS FOR AUTHORIZED GOODS OR SERVICES PURCHASED ON BEHALF OF THE AWARD. X 0 0 0 0 0 0 0 0 0 ALANA PETERSON EXECUTIVE DIRECTOR 143447 0 0 0 0 0 2769 0 15124 0 161340 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE RETURN WITH THE IRS, THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15A 2022 AND 2023; REVIEW BY COMMITTEE OF BOARD OF DIRECTORS DURING ANNUAL REVIEW. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 1023 AND FORM 990S ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S FORMS 990, GOVERNING DOCS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 389,233. MANAGEMENT AND GENERAL EXPENSES 151,965. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 541,198. FORM 990, PART XI, LINE 9: PROVISION FOR LOAN (LOSS) RECOVERY -28,087. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SEACOAST TRUST LLC ONE SEALASKA PLAZA SUITE 400 JUNEAU AK 99801 881801983 INVESTMENT/FUND AK 18103274 18125667 SPRUCE ROOT INC