2024-09-16T21:23:41-05:00 2023-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2023-01-01 814001005 BIN SBA LOAN BINS 2063244330 12720 GATEWAY DR S 270 TUKWILA WA 98166 JOE SKY-TUCKER PRESIDENT/CEO 2063244330 2024-09-03 1 1 EMINA O CRESSWELL CPA P01217304 5097472600 2024-09-03 2023 2024-08-08 14:25:15Z JOE SKY-TUCKER 12720 GATEWAY DR S 270 TUKWILA WA 98166 31428 0 X N/A X 2016 WA BUSINESS IMPACT NW GROWS BUSINESSES THAT CREATE JOBS IN UNDERSERVED COMMUNITIES. 10 10 0 13 0 0 0 0 19801 18740 0 0 0 12688 19801 31428 0 0 0 0 58913 0 0 0 0 6399 643 65312 643 -45511 30785 581182 413537 512352 456467 68830 -42930 TO PROVIDE LOAN FINANCING AND SUPPORT TO SERVE THE NEEDS OF AND BENEFIT SMALL BUSINESS AND RESIDENTS IN THE STATE OF WASHINGTON. 0 0 643 0 31428 TO PROVIDE LOAN FINANCING AND SUPPORT TO SERVE THE NEEDS OF AND BENEFIT SMALL BUSINESS AND RESIDENTS IN THE STATE OF WASHINGTON. 643 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 X JOE SKY-TUCKER 2063244330 12720 GATEWAY DR S 270 TUKWILA WA 98166 JOSEPH SKY-TUCKER PRESIDENT/CEO 0.25 40.00 X 0 165333 9297 JOHN ZMOLEK BOARD CHAIR 0.25 1.00 X X 0 0 0 KELLEN BALL BOARD VICE CHAIR 0.25 1.00 X X 0 0 0 PAUL KIRKBRIDE BOARD TREASURER 0.25 1.00 X X 0 0 0 LORRI WALLACE SECRETARY 0.25 0.50 X X 0 0 0 JESSICA ENZI DIRECTOR 0.25 1.00 X X 0 0 0 PETER HA DIRECTOR 0.25 0.50 X 0 0 0 ROBERT LUETTJOHANN DIRECTOR 0.25 0.50 X 0 0 0 SEAN O'MEALIA DIRECTOR 0.25 0.50 X 0 0 0 MEGAN SNYDER DIRECTOR 0.25 0.50 X 0 0 0 KURT HEATH DIRECTOR 0.25 0.50 X 0 0 0 MUNZER SUKHUN DIRECTOR (THRU 3/23) 0.25 0.50 X 0 0 0 KD HALL DIRECTOR (THRU 9/23) 0.25 0.50 X 0 0 0 TOM BERQUIST DIRECTOR (THRU 11/23) 0.25 0.50 X 0 0 0 0 165333 9297 0 0 0 0 0 SBA LOAN INTEREST 523940 18740 18740 18740 LOAN LOSS RECOVERY 523940 12688 12688 12688 31428 31428 0 0 643 643 643 643 0 0 237537 256264 343645 157273 581182 413537 512352 456467 512352 456467 X 68830 -42930 68830 -42930 581182 413537 X 30785 -142545 X 0 1 X 1 1 1 X 50963 38557 34356 19801 18740 162417 50963 38557 34356 19801 18740 162417 0 15898 13091 8387 5097 2895 45368 15898 13091 8387 5097 2895 45368 117049 311 279 177 12688 13455 51274 38836 34533 19801 31428 175872 0.66550 0.72350 0.00000 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 311. 2020 AMOUNT: $ 279. 2021 AMOUNT: $ 177. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 12,688. 0 X PART X, LINE 2: BIN IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). HOWEVER, BIN REMAINS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON AND NOT IN FURTHERANCE OF THE PURPOSE FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF MANAGEMENT, IS NOT MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS TAKEN AS A WHOLE. MANAGEMENT BELIEVES NO UNCERTAIN TAX POSITIONS EXIST FOR THE ORGANIZATION AT DECEMBER 31, 2023 AND 2022. BIN FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. 0 0 0 0 0 0 0 0 0 JOSEPH SKY-TUCKER PRESIDENT/CEO 0 149333 0 16000 0 0 0 1437 0 7860 0 174630 0 0 PART I, LINE 3 SALARY DECISIONS FOR THE CEO ARE MADE BY THE FULL BOARD EXCLUDING ANYONE WITH A CONFLICT OF INTEREST. COMPARABLE DATA USED IS A SALARY SURVEY AND COMPARED TO TRADE ORGANIZATIONS AND SIMILAR ORGANIZATIONS FROM GUIDESTAR. THE COMPENSATION IS REVIEWED ANNUALLY, THE LAST REVIEW WAS MARCH 2023. THE MEETINGS ARE DOCUMENTED AND KEPT FOR RECORDKEEPING. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE SHAREHOLDER IS BUSINESS IMPACT NW. FORM 990, PART VI, SECTION A, LINE 7A THE SHAREHOLDERS HAVE THE POWER TO ELECT DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B SHAREHOLDERS EACH HAVE ONE VOTE PER SHARE HELD TO VOTE ON GOVERNING DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CEO BEFORE IT IS FILED WITH THE IRS; ALL BOARD MEMBERS ARE GIVEN A COPY OF THE 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD HAS A PRACTICE THAT IT IS THE RESPONSIBILITY OF ALL INTERESTED PERSONS TO CONTINUALLY MONITOR AND DISCLOSE ANY NEW OR POTENTIAL CONFLICT OF INTEREST CONCERNS ON AN ONGOING BASIS. WHEN A CONFLICT OF INTEREST OCCURS, THE BOARD DETERMINES IF THERE WOULD BE A MORE ADVANTAGEOUS TRANSACTION THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF NOT ADVANTAGEOUS THEN THE BOARD WILL VOTE ON WHETHER TO ENTER INTO THE CONFLICT OF INTEREST TRANSACTION, THE PERSON OF CONFLICT WILL NOT TAKE PART IN THE VOTE. IF A CONFLICT OF INTEREST IS NOT DISCLOSED THEN THE BOARD WILL DETERMINE IF THERE IS REASONABLE CAUSE FOR FAILURE TO DISCLOSE. IF NOT, THEN APPROPRIATE AND CORRECTIVE ACTION IS TAKEN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN UNRESTRICTED NET ASSETS -142,545. BUSINESS IMPACT NW 12720 GATEWAY DR S SUITE 270 TUKWILA WA 98166 911764008 LOAN SERVICES WA 501(C)(3) LINE 7 BUSINESS IMPACT NW 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0