2026-05-11T23:08:55-05:00 2025-12-31 930900579 MCDONALD JACOBS PC 121 SW SALMON ST STE 1100 PORTLAND OR 97204 990 2025-01-01 922585176 1803 FUND 1803 5032949246 3514 N VANCOUVER AVE 200 PORTLAND OR 97211 RUKAIYAH ADAMS CEO 5032949246 2026-05-07 1 SANG AHN P00540880 5032270581 2025 2025-03-06 01:10:19Z RUKAIYAH ADAMS 3514 N VANCOUVER AVE 200 PORTLAND OR 97211 55561525 0 X 1803FUND.COM/ X 2023 OR TO HELP FOSTER AND SAFEGUARD COHESION, AUTONOMY, AND POWER WITHIN A ROOTED AND PROSPEROUS BLACK COMMUNITY IN PORTLAND, OREGON. 3 2 12 2 0 0 22100000 55005188 3700 28622 310464 527715 0 0 22414164 55561525 9144000 15333815 0 0 1812998 3160690 0 0 0 2142258 3328339 13099256 21822844 9314908 33738681 8090342 49551036 1018915 8739323 7071427 40811713 X TO ESTABLISH A RESILIENT FINANCIAL ECOSYSTEM THAT SUPPORTS THE LONG-TERM WELL-BEING OF PORTLAND'S BLACK COMMUNITY BY INVESTING IN EDUCATION, PRESERVING CULTURAL HERITAGE AND FOSTERING COMMUNITY VIA LONG-TERM GRANT FUNDING, PARTNERSHIPS AND INVESTMENTS. 0 0 16781587 14897815 IN 2025, THE COMMUNITY INVESTMENT TEAM ACCOMPLISHED THE FOLLOWING:1. MADE A 10-YEAR, $75M COMMITMENT TO UNDERWRITE DIRECT SERVICE EXPENDITURES OF SELF ENHANCEMENT INC. AND ALBINA HEAD START2. LAUNCHED THE 1803 FUND'S PLACE-MAKING GRANT PROGRAM TO ACTIVATE, ENRICH AND FORTIFY REAL ESTATE ASSETS IN ALBINA3. CONTINUED TO SUPPORT THE COHORT OF 1803 FUND'S STRATEGIC COMMUNITY GRANT PARTNERS THROUGH MULTIPLE CONVENINGS, LEADERSHIP DEVELOPMENT, TECHNICAL ASSISTANCE AND SHARED LEARNING4. DISBURSED OVER $300K OF SPONSORSHIPS TO SUPPORT COMMUNITY EVENTS 2449078 436000 IN 2025, THE EXECUTIVE OFFICE TEAM ACCOMPLISHED THE FOLLOWING:1. COORDINATED OVER $400K IN RESPONSIVE GRANTS TO SUPPORT NATIONAL AND PORTLAND BLACK LEADERSHIP CONVENINGS 2. LAUNCHED THE 1803 FUND'S EXTERNAL AFFAIRS PRACTICE TO ENGAGE WITH AND SUPPORT PUBLIC & MUNICIPAL PARTNERS3. REFINED THE 1803 FUND'S COMMUNICATIONS APPROACH AND HELD MULTIPLE PRESS EVENTS TO COMMUNICATE THE FUND'S REAL ESTATE ENDEAVORS4. LAUNCHED 1803 ENTERPRISE PARTNERSHIP PRACTICE5. GRANTED SPECIAL FUNDS TO ENABLE FEASIBILITY ANALYSIS AND BUSINESS PLANNING FOR A POSSIBLE MOVE OF PENSOLE LEWIS, A DESIGN CENTERED HBCU, TO PORTLAND, OREGON 930313 28622 IN 2025, THE 1803 REAL ESTATE TEAM ACCOMPLISHED THE FOLLOWING:1. REFINED THE 1803 FUND'S 'REBUILD ALBINA' STRATEGY TO FOCUS ON DIRECT REAL ESTATE INVESTMENT IN HISTORIC ALBINA2. FORMULATED REAL ESTATE INVESTMENT FRAMEWORK AND FUTURE ACQUISITION PIPELINE3. ENTERED INTO AGREEMENT TO ACQUIRE THREE PROPERTIES IN LOWER ALBINA INCLUDING TWO CORNERSTONE PARCELS COMPRISING OVER 6 ACRES4. PROVIDED $5M MEZZANINE LOAN TO ALBINA VISION TRUST TO ENABLE PURCHASE AND AFFORDABLE HOUSING REPOSITIONING OF HISTORIC PARAMOUNT APARTMENTS 5. ENTERED INTO NEGOTIATIONS ON 3 ADDITIONAL PROPERTIES IN LOWER ALBINA6. BEGAN REMEDIATION, ZONING AND MASTER PLANNING PRE-DEVELOPMENT WORK ON 2 CORNERSTONE PROPERTIES 20160978 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 1 0 0 0 0 1 0 1 0 0 0 1 41 0 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X THE ORGANIZATION 9713833064 3514 N VANCOUVER AVE 200 PORTLAND OR 97211 RUKAIYAH ADAMS CEO/SECRETARY 42.50 X X 587548 0 61349 LARRY MILLER BOARD CHAIR 0.50 X X 0 0 0 JOHN DONAHOE BOARD TREASURER 0.50 X X 0 0 0 D'ARTAGNAN CALIMAN VP, PARTNERSHIPS 40.00 X 233282 0 53521 CYREENA BOSTON ASHBY VP, EXTERNAL AFFAIRS 40.00 X 205253 0 41006 COBI BYRD CHIEF OPERATING OFFICER 40.00 X 182625 0 40400 CAMILLE IDEDEVBO DIR, DATA STRATEGY & ORGANIZATIONAL LEARNING 40.00 X 168264 0 41497 JUMA SEI COMMUNITY PARTNERSHIPS MANAGER 40.00 X 151220 0 33110 1528192 0 270883 9 0 1 0 CODY DEVELOPMENT CORP 1116 NW 17TH AVENUE PORTLAND OR 97209 REAL ESTATE DEVELOPMENT 426333 IN COMMON AGENCY 2033 SE 35TH PL PORTLAND OR 97214 STRATEGIC ADVISOR 306265 CASCADIA COMMUNITY IMPACT FUND 4085 CENTRAL VALE DR HOOD RIVER OR 97031 REAL ESTATE PARTNER 303600 KAVERI MANAGEMENT LLC 2240 NORTHEAST TILLAMOOK ST PORTLAND OR 97202 CFO CONSULTANT 259039 AFFIRMA CONSULTANCY 2305 NE HIGHLAND ST PORTLAND OR 97211 HR CONSULTANT 195999 6 55005188 55005188 RENTAL INCOME 531390 15424 15424 LENDER FEES 531390 13198 13198 28622 527715 527715 55561525 28622 0 527715 15333815 15333815 648897 545073 103824 1998119 1685068 313051 266776 224521 42255 99014 73256 25758 147884 124062 23822 87757 64879 22878 70259 70259 1296779 647565 649214 239751 198955 40796 205888 85705 120183 94551 30219 64332 316129 234600 81529 205288 127044 78244 718359 718359 8663 5662 3001 84915 62195 22720 21822844 20160978 1661866 0 274931 135926 7221667 35370763 1902 0 0 4300000 42612 238038 9075031 12327 10505 9062704 538725 443605 8090342 49551036 386521 8008738 0 263950 632394 466635 1018915 8739323 X 7071427 40811713 7071427 40811713 8090342 49551036 33738681 1605 0 X 0 1 X 1 0 X 22100000 55005188 77105188 22100000 55005188 77105188 60241133 16864055 310464 527715 838179 77943367 32322 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3207503 3207503 1325219 5664 1319555 14167 6663 7504 4528142 4528142 9062704 OPERATING LEASE LIABILITY 466635 466635 X 55561525 0 55561525 0 55561525 21822844 0 21822844 0 21822844 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. 1 A10L VENTURES LLC DBA BLACK WOMEN ON BOARDS 555 BRYANT ST 541 PALO ALTO CA 94301 932715308 501(C)(3) 150000 0 WOMEN IN POWER SUMMIT ALBINA HEAD START 3417 NE 7TH AVE PORTLAND OR 97212 921069936 501(C)(3) 2500000 0 PROJECT SUPPORT TO FACILITATE EXPANSION OF WRAP-AROUND SERVICES AND EARLY CHILDHOOD SERVICES TO NEW AND EXISTING STUDENTS, SCHOOLS OR TERRITORIES. ALBINA MUSIC TRUST 2828 NE ALBERTA ST PORTLAND OR 97211 993975378 501(C)(3) 527500 0 $500,000 FOR GENERAL OPERATING SUPPORT FOR YEAR 2, $20,000 FOR THE ALBINA LIVING LEGACY CELEBRATION EVENT, AND $7,500 FOR THE BLACK MUSIC MONTHS BLUES AND JAZZ NIGHT ALBINA VISION TRUST INC PO BOX 5124 PORTLAND OR 97208 823733402 501(C)(3) 1800000 0 FOR GENERAL OPERATING SUPPORT FOR YEAR 2 ALL AGES MUSIC PORTLAND DBA FRIENDS OF NOISE 4560 NE 75TH AVE PORTLAND OR 97218 810899351 501(C)(3) 35000 0 SUPPORT FOR VANPORT JAZZ FESTIVAL FOUNDATION'S JAZZ FESTIVAL WEEKEND AND BLOOM AGENCY'S BLACK RUNWAY-DYNASTY IX: CROWNED IN LEGACY EVENT BLACK UNITED FUND OF OREGON 2828 N ALBERTA ST PORTLAND OR 97211 930843267 501(C)(3) 7500 0 SUPPORT FOR SISTAS EMPOWERMENT CORP'S VISIBLY INVISIBLE EVENT BME COMMUNITY 6825 TAFT STREET HOLLYWOOD FL 33024 823733402 501(C)(3) 125000 0 2025 NEXT NARRATIVE SUMMIT BRIDGE-PAMOJA 10814 NE HALSEY PORTLAND OR 97220 204113958 501(C)(3) 10000 0 SUPPORT FOR SOUL2SOUL 2025 BUILT OREGON 7221 NE 9TH AVE PORTLAND OR 97211 813934437 501(C)(3) 30000 0 $20,000 FOR PITCH BLACK'S 2025 SHOWCASE EVENT AND $10,000 FORPITCH BLACK "FOOD" EVENT CAMP ELSO INC 2828 NE ALBERTA STREET PORTLAND OR 972116351 831208258 501(C)(3) 7500 0 YOUTH DESIGN FORUM EVENT FEED'EM FREEDOM FOUNDATION 3519 NE 15TH AVE UNIT 392 PORTLAND OR 97212 471826506 501(C)(3) 7500 0 THE BLACK STUDENT SUCCESS SUMMIT FISCAL SPONSOR LIONSPEAKS FOR ONE BIG FAMILY OREGON 1001 SE DIVISION ST PORTLAND OR 97202 851637060 501(C)(3) 15000 0 SUPPORT THE BRIDE PRICE PREMIERE JUNETEENTH OR PO BOX 2232 FAIRVIEW OR 97024 821822242 501(C)(3) 20000 0 2025 JUNETEENTH COMMUNITY FESTIVAL KAIROSPDX 4915 N GANTENBEIN AVE PORTLAND OR 97217 460987167 501(C)(3) 9000 0 CELEBRATING HBCU EVENT KNOW AGENDA FOUNDATION PO BOX 6891 PORTLAND OR 97228 460716943 501(C)(3) 20000 0 FOR GOOD IN THE HOOD AND ITS MULTICULTURAL MUSIC AND FOOD FESTIVAL LEWIS COLLEGE OF BUSINESS 200 WALKER ST DETROIT MI 48207 382048961 501(C)(3) 125000 0 SUPPORT FOR DEVELOPMENT OF A STRATEGIC BUSINESS PLAN FOR PENSOLE LEWIS PORTLAND LION SPEAKS 3215 NE BROADWAY ST STE 280 PORTLAND OR 97232 851637060 501(C)(3) 61000 0 $36,000 FOR SINNERS AND SNEAKS COMMUNITY SCREENING, $5,000 FOR SPONSORSHIP SUPPORT FOR LABS MEDIA'S HOMECOMING 2025: A RE-EMERGING HOME FOR BLACK MEDIA AND CREATIVE EXPRESSION, AND $20,000 FOR BLACK BALD FILMS AND ITS BUFFALO SOLDIERS EDUCATIONAL SCREENING TOUR MICRO ENTERPRISE SERVICES OF OREGON 4008 NE MARTIN LUTHER KING JR BLVD PORTLAND OR 97212 204379510 501(C)(3) 380000 0 SUPPORT TO CONTINUE THE BLACK FILMMAKERS FUND AND TO STABILIZE THE ORGANIZATIONS LEADERSHIP NORTHEAST COALITION OF NEIGHBORHOOD INC PO BOX 12627 PORTLAND OR 97212 930714716 501(C)(3) 14500 0 $7,500 FOR THE TEACHING WITH PURPOSE 2025 CONFERENCE AND $7,000 FOR TEACHING WITH PURPOSE'S MLK JR. STEM WEEKEND EVENT OREGON BLACK PIONEERS 4713 N ALBINA AVE PORTLAND OR 97217 931156374 501(C)(3) 500000 0 FOR GENERAL OPERATING SUPPORT FOR YEAR 2 PANORAMA GLOBAL 2101 4TH AVENUE STE 2100 SEATTLE WA 98121 814204119 501(C)(3) 8000 0 THE FUND FOR ALTERNATIVE JOURNALISMS BLACKOUT: A 5 YEAR RETROSPECTIVE OF PORTLAND'S RACIAL JUSTICE PROTESTS PORTLAND ART MUSEUM 1219 SW PARK AVE PORTLAND OR 972052430 930391604 501(C)(3) 1000000 0 SUPPORT FOR THE BLACK ART & EXPERIENCES GALLERY FOR YEAR 2 PORTLAND HOUSING CENTER 3233 NE SANDY BLVD PORTLAND OR 972322557 931111589 501(C)(3) 1000000 0 FOR GENERAL OPERATING SUPPORT FOR YEAR 2 PRISMID INC 10302 N CHARLESTON AVE PORTLAND OR 972031127 883797834 501(C)(3) 500000 0 TO SUPPORT COMMUNITY SPACE IMPROVEMENTS AND PROGRAMS FOR YEAR 2 REAP INC 10808 NE HALSEY ST PORTLAND OR 97220 931315162 501(C)(3) 10000 0 BLACK MALE CHALLENGE ROSE CITY KAPPA FOUNDATION PO BOX 6942 PORTLAND OR 97228 823153821 501(C)(3) 6750 0 NPHC ANNUAL FAMILY BBQ EVENT SELF ENHANCEMENT INC 3920 N KERBY AVE PORTLAND OR 97227 931086629 501(C)(3) 5000000 0 $2,500,000 FOR GRANTMAKING TO OTHER PORTLAND-AREA ORGANIZATIONS TO PROVIDE WRAP-AROUND AND EARLY EDUCATION SERVICES AND $2,500,000 FOR PROJECT SUPPORT TO FACILITATE EXPANSION OF WRAP-AROUND SERVICES AND EARLY CHILDHOOD SERVICES TO NEW AND EXISTING STUDENTS, SCHOOLS OR TERRITORIES. TAKING OWNERSHIP 2011 NE 80TH AVE PORTLAND OR 97213 931997068 501(C)(3) 500000 0 FOR YEAR 2 OF GENERAL OPERATING SUPPORT WILLIAMS & RUSSELL CDC 5019 NE 21ST AVE PORTLAND OR 97211 863566788 501(C)(3) 312500 0 FOR YEAR 2 OF GENERAL OPERATING SUPPORT WORD IS BOND 522 NW 23RD AVE PORTLAND OR 97210 831843221 501(C)(3) 7500 0 FOR GENERAL OPERATING SUPPORT WORLD STAGE THEATRE PO BOX 782 TROUTDALE OR 970601085 205186851 501(C)(3) 250000 0 FOR YEAR 2 OF PROGRAMMING AND CAPACITY YOUTH ORGANIZED AND UNITED TO HELP 3439 NE SANDY BLVD PMB 111 PORTLAND OR 972321959 800491037 501(C)(3) 6500 0 FOR THE PEACE & UNITY FEST BACK TO SCHOOL EDITION 32 0 PART I, LINE 2: 1803 FUND STAFF MAINTAINS REGULAR CONTACT WITH GRANTEES THROUGH COHORT GATHERINGS, ONE-ON-ONE PHONE CALLS, AND/OR SITE VISITS. GRANTEES ARE REQUIRED TO SUBMIT ANNUAL INTERIM OR FINAL REPORTS, DEPENDING ON THE GRANT PERIOD. X 0 1 X X X X 0 0 0 0 0 0 0 0 0 RUKAIYAH ADAMS CEO/SECRETARY 587548 0 0 0 0 0 46500 0 14849 0 648897 0 0 0 D'ARTAGNAN CALIMAN VP, PARTNERSHIPS 222032 0 11250 0 0 0 45021 0 8500 0 286803 0 0 0 CYREENA BOSTON ASHBY VP, EXTERNAL AFFAIRS 193978 0 11275 0 0 0 28050 0 12956 0 246259 0 0 0 COBI BYRD CHIEF OPERATING OFFICER 182625 0 0 0 0 0 33342 0 7058 0 223025 0 0 0 CAMILLE IDEDEVBO DIR, DATA STRATEGY & ORGANIZATIONAL 164139 0 4125 0 0 0 33007 0 8490 0 209761 0 0 0 JUMA SEI COMMUNITY PARTNERSHIPS MANAGER 148744 0 2476 0 0 0 30005 0 3105 0 184330 0 0 0 PART I, LINE 1A CEO DISCRETIONARY GRANT SPENDING TO FULFILL THE MISSION ON THE ORGANIZATION. $1M GRANT SPENDING IS APPROVED BY THE BOARD. PART I, LINE 1B NO WRITTEN POLICY EXCEPT THE $1M IN GRANT SPENDING IS APPROVED BY THE BOARD. ALBINA VISION TRUST ORGANIZATION WHERE CEO IS A BOARD MEMBER PROGRAM-RELATED INVESTMENT X 4300000 4300000 0 1 1 4300000 SELF ENHANCEMENT FORMER BOARD CHAIR FOUNDED ORGANIZATION 5000000 GRANT TO SUPPORT CHARITABLE PROGRAMS OF THE RECIPIENT ORGANIZATION PORTLAND ART MUSEUM CONTRACTED CFO SPOUSE IS A BOARD MEMBER 1000000 GRANT TO SUPPORT CHARITABLE PROGRAMS OF THE RECIPIENT ORGANIZATION ALBINA VISION TRUST ORGANIZATION WHERE CEO IS A BOARD MEMBER 277148 LENDER FEES 0 FORM 990, PART VI, SECTION B, LINE 11B 1803 BOARD WILL REVIEW THE 990 BEFORE IT IS FILED WITH THE IRS DURING THE APRIL 2025 BOARD MEETING AT 1803 FUND OFFICES FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A PROCESS OF REVIEWING AND DOCUMENTING POTENTIAL AND PERCEIVED CONFLICT OF INTEREST FOR ALL STAFF, CONTRACTORS AND BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 AN EXTERNAL COMPENSATION STUDY WAS COMPLETED JULY OF 2024, AND WAS RATIFIED BY THE BOARD AUGUST OF 2024. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE INCLUDED IN PUBLICLY-AVAILABLE FORM 990. OTHER DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. 1803 LLC 3514 N VANCOUVER AVE SUITE 200 PORTLAND OR 97227 922607205 INVESTMENT OR 1803 FUND LOW END LLC 3514 N VANCOUVER AVE SUITE 200 PORTLAND OR 97227 421890191 REAL ESTATE OR 1803 FUND BORTHWICK HOLDINGS 3514 N VANCOUVER AVE SUITE 200 PORTLAND OR 97227 415376245 REAL ESTATE OR 1803 FUND RUSSELL ONE LLC 3514 N VANCOUVER AVE SUITE 200 PORTLAND OR 97227 412572286 REAL ESTATE OR 1803 FUND SILOS LLC 3514 N VANCOUVER AVE SUITE 200 PORTLAND OR 97227 301480126 REAL ESTATE OR 1803 FUND