2024-11-08T12:37:58-06:00 2023-12-31 930900579 MCDONALD JACOBS PC 121 SW SALMON ST STE 1100 PORTLAND OR 97204 990 2023-01-01 454295940 SPRUCE ROOT INC SPRU 9075861512 ONE SEALASKA PLAZA 400 JUNEAU AK 99801 ALANA PETERSON EXECUTIVE DIRECTOR 9075861512 2024-11-07 1 0 SANG AHN P00540880 5032270581 2023 2024-10-15 13:58:12Z ALANA PETERSON ONE SEALASKA PLAZA 400 JUNEAU AK 99801 8918117 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 22 7 0 0 20605679 7877678 229511 286917 2585 674961 -12233 74634 20825542 8914190 417570 1021540 0 0 1360093 1850008 0 0 257437 1135725 1125521 2913388 3997069 17912154 4917121 21033643 30397018 1823346 5424662 19210297 24972356 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 1988787 985913 160677 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. 335285 407 126240 LENDING ACTIVITIES WERE EXECUTED AND SIGNIFICANT EFFORTS WERE COMMITTED TO SECURE ADDITIONAL FUNDING TO INCREASE AVAILABLE CAPITAL FOR LENDING TO ELIGIBLE BORROWERS. 812101 35220 57011 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. 3136173 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 47 0 22 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 0 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 BOARD MEMBER, TREASURER 0.50 X X 0 0 0 LA QUEN NAAY LIZ MEDICINE CROW BOARD MEMBER 0.50 X 0 0 0 SARAH DYBDAHL BOARD MEMBER 0.50 X 0 0 0 ALANA PETERSON EXECUTIVE DIRECTOR 35.00 X 143556 0 27330 143556 0 27330 1 0 1 0 0 2169516 5708162 7877678 WORKFORCE/BUSINESS PRO 522291 160677 160677 CDFI LENDING 110000 126240 126240 286917 678888 678888 3927 -3927 -3927 -3927 FISCAL SPONSORSHIP 900099 57011 57011 MISCELLANEOUS REVENUE 900099 17623 17623 74634 8914190 343928 0 692584 X 1001540 1001540 20000 20000 170885 107243 43239 20403 1363020 855394 344884 162742 41667 26149 10543 4975 156886 98457 39697 18732 117550 73771 29744 14035 17725 17725 63797 63797 65641 65641 415272 376409 18863 20000 121066 48703 66960 5403 12602 8571 4031 153211 122390 29696 1125 32807 32807 TRAINING 155085 123888 30059 1138 FISCAL SPONSORSHIP FEE 30060 30060 GRANT/SUBAWARD MGMT 17261 17261 INDIRECT COST ALLOCATIO 0 195379 -195535 156 40994 23983 12314 4697 3997069 3136173 603459 257437 18141851 4816855 1455649 490778 714065 606226 30153 44805 6298 30548 36027 36027 0 0 685627 24407806 21033643 30397018 84183 133461 538401 1514879 1004749 3457733 196013 318589 1823346 5424662 X 720253 848936 18490044 24123420 19210297 24972356 21033643 30397018 X 4917121 971649 -126711 X X 0 1 X 1 1 1 X 995765 1867680 3208746 20625844 7877678 34575713 995765 1867680 3208746 20625844 7877678 34575713 12206092 22369621 516 2585 678888 681989 17623 17623 35275325 573439 0.63410 0.61980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 36027 36027 0 0 INVESTMENT IN AFFILIATE 23154270 C PROGRAM-RELATED INVESTMENTS 1253536 C 24407806 ACCRUED WAGES/VACATION 262334 ACCRUED INTEREST PAYABLE 2255 CCED LOAN GUARANTEE 54000 318589 X 9824402 971649 70853 -66649 975853 8848549 65641 65641 8914190 4002281 70853 70853 3931428 65641 65641 3997069 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 -66,649. 1 CENTRAL COUNCIL OF TLINGIT & HAIDA INDIAN TRIBES OF ALASKA (TLINGIT & HAIDA PO BOX 25500 JUNEAU AK 99802 FEDERALLY RECOGNIZED 42000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP PROGRAM FUNDING HOONAH INDIAN ASSOCIATION PO BOX 602 HOONAH AK 998290602 FEDERALLY RECOGNIZED 42000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING SKAGWAY DEVELOPMENT CORPORATION 870 A STATE ST SKAGWAY AK 99840 920178115 501C6 14070 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING BARNACLE FOODS 5015 SHORT ST JUNEAU AK 99801 42000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING ECOTRUST ECOTRUST 1140 SE 7TH AVE STE 150 PORTLAND OR 972144161 931050144 501C3 42000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING RENEWABLE ENERGY ALASKA PROJECT 308 G STREET SUITE 225 ANCHORAGE AK 99501 260484527 501C3 42000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING SITKA CONSERVATION SOCIETY 201 LINCOLN ST ROOM 4 SITKA AK 99835 920096633 501C3 89614 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING THE NATURE CONSERVANCY ALASKA CHAPTER 715 L STREET SUITE 100 ANCHORAGE AK 99501 501C3 61000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING KOOTZNOOWOO INCORPORATED 8585 OLD DAIRY ROAD SUITE 201 JUNEAU AK 99801 ALASKA NATIVE CORPOR 42000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING AWARE 1547 GLACIER HWY JUNEAU AK 99801 501C3 42000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING SHAAN SEET 501 MAIN STREET CRAIG AK 99921 ALASKA NATIVE CORPOR 42000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING JILKAAT KWAAN HERITAGE CENTER 9 CHILKAT AVE KLUKWAN AK 99827 FEDERALLY RECOGNIZED 42000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROGRAM FUNDING SITKA CONSERVATION SOCIETY 201 LINCOLN ST ROOM 4 SITKA AK 99835 920096633 501C3 5614 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROJECT FUNDING HOONAH INDIAN ASSOCIATION PO BOX 602 HOONAH AK 998290602 FEDERALLY RECOGNIZED 345000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROJECT FUNDING ECOTRUST ECOTRUST 1140 SE 7TH AVE STE 150 PORTLAND OR 972144161 931050144 501C3 6000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROJECT FUNDING AWARE 1547 GLACIER HWY JUNEAU AK 99801 501C3 6000 0 SUSTAINABLE SOUTHEAST PARTNERSHIP CATALYST - PROJECT FUNDING 14 2 PATH TO PROSPERITY BUSINESS COMPETITION AWARD 2 20000 TECHNICAL ASSISTANCE/BUSINESS COACHING 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. X X 0 0 0 0 0 0 0 0 0 ALANA PETERSON EXECUTIVE DIRECTOR 143556 0 0 0 0 0 6589 0 20741 0 170886 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 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 376,409. MANAGEMENT AND GENERAL EXPENSES 18,863. FUNDRAISING EXPENSES 20,000. TOTAL EXPENSES 415,272. FORM 990, PART XI, LINE 9: PROVISION FOR LOAN (LOSS) RECOVERY -66,649. ADOPTION OF ASU 2016-13 - FINANCIAL INSTRUMENTS-CREDIT LOSSES (TOPIC 326) -60,062. 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 5546161 23634334 SPRUCE ROOT INC