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Seattle Community Investments

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

EIN: 203317176 ✦ Seattle, WA ✦ Designated as a 501(c)(3)

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Overview

What is Seattle Community Investments?

Seattle Community Investments is a dedicated nonprofit organization situated in Seattle, Washington. Their primary goal is to extend investment capital to low-income communities or individuals. To further this mission, they received an allocation of New Markets Tax Credits, which were subsequently given to a subsidiary. Despite having limited annual activities, Seattle Community Investments remains committed to its mission, continuously working towards its objectives from its base in Seattle.

Is Seattle Community Investments legitimate?

Seattle Community Investments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seattle Community Investments submitted a form 990EZ, 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Seattle Community Investments?

Seattle Community Investments' mission is centered around serving low-income communities or individuals by providing them with investment capital. Although the organization has limited activities, it consistently works towards achieving this goal. The corporation received New Markets Tax Credits, which it sub-allocated to a subsidiary, demonstrating its commitment to supporting underprivileged communities. By providing investment capital, Seattle Community Investments aims to contribute to the economic development and improvement of these communities, ultimately promoting social equity and economic mobility.

What is the revenue of Seattle Community Investments?

Seattle Community Investments's revenue in 2023 was $287.

Who are the executives of Seattle Community Investments and what are their salaries?

Here are 4 key members and their salaries:


Paul Purcell (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorene Cornwell (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Brandon (Secretary / Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jared Cummer (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Seattle Community Investments?

Seattle Community Investments's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Seattle Community Investments

Seattle Community Investments is dedicated to extending investment capital to low-income communities or individuals. Their primary objective is to serve this demographic, leveraging an allocation of New Markets Tax Credits. Although their activities may be sparse throughout the year, Seattle Community Investments remains committed to its mission. Despite not providing specific details about their programs or initiatives, the corporation's mission suggests a focus on supporting economically disadvantaged communities or individuals, thereby contributing to their development and well-being.

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Impact




October, 2024

Seattle Community Investments focuses on providing investment capital to low-income communities and individuals, thereby fostering economic development and empowerment. By utilizing New Markets Tax Credits, the organization effectively channels resources into areas that need them most, facilitating projects that can lead to meaningful improvements in community infrastructure and individual livelihoods. This targeted approach, despite limited activities throughout the year, allows for sustainable growth and supports the mission of enhancing the well-being of underserved populations in Seattle, WA. Through these efforts, Seattle Community Investments plays a vital role in community improvement, contributing to a more equitable economic landscape.




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


Financials

This financial information is from Propublica.

Revenue
$287 (2023)
Expenses
$2,161 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $239
  • Gross Receipts: $287

Assets and Liabilities:

  • Total Assets: $32,570
  • Total Liabilities: $2,254
  • Net Assets: $30,316

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Organization Details

Principal Officer

Paul Purcell

NTEE Category

Code: S20 - Community improvement

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