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Taala Fund

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

EIN: 263980654 ✦ Taholah, WA ✦ Designated as a 501(c)(3)

Overview

What is Taala Fund?

Taala Fund is a nonprofit organization based in Taholah, Washington, with a postal address. Their primary mission is to stimulate business growth and asset accumulation within the Quinault Indian Reservation and amongst its tribal members. They achieve this by offering various types of loans, such as micro-business loans, small business loans, credit builder loans, home improvement loans, auto loans, and employee loans. By providing these financial resources, Taala Fund aims to enhance the living standards and communities within the Quinault tribe, employing a staff of seven individuals to carry out their mission.


Official website here: www.taalafund.org

Is Taala Fund legitimate?

Taala Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Taala Fund submitted a form 990, 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $232,276

For more financial information, click here


Official website here: www.taalafund.org

What is the mission statement of Taala Fund?

The mission of Taala Fund is centered around providing business development and asset-building opportunities, aiming to enhance the quality of life for its community members within the Quinault Indian Reservation. This non-profit organization focuses on offering various types of loans, including micro-business loans, small business loans, credit builder loans, home improvement loans, and auto loans, to its members. The ultimate goal is to empower the community and improve their overall well-being.


Official website here: www.taalafund.org

Who is the CEO of Taala Fund?

David Montgomery is the President of Taala Fund.


Official website here: www.taalafund.org

What is the revenue of Taala Fund?

Taala Fund's revenue in 2022 was $746,615.


Official website here: www.taalafund.org

Who are the executives of Taala Fund and what are their salaries?

The average compensation at Taala Fund during 2022 was $33,182. There are 7 employees at Taala Fund.

Here are 4 key members and their salaries:

    David Montgomery (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edcelena James (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alice Morris (Treasurer/Sec.) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Francis Rosander (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.taalafund.org

    Where can I find the form 990 for Taala Fund?

    The Taala Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.taalafund.org

    Learn more at the official website: www.taalafund.org

    Mission Statement of Taala Fund

    Taala Fund, as a nonprofit organization, is dedicated to improving the quality of life for the Quinault Indian Reservation community and its members by providing business development and fostering asset building. Their mission is centered around empowering the community, aiming to uplift its people through various loan programs. Taala Fund offers a range of loans, including micro-business loans, small business loans, credit builder loans, home improvement loans, and auto loans, as well as an employee loan. These financial aid options are designed to help individuals and businesses within the Quinault tribal community grow and thrive, ultimately enhancing their overall well-being.

    Impact

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




    Thursday, August 15, 2024

    Taala Fund's impact includes providing business development support and building assets within the Quinault Indian Reservation and among Quinault tribal members. This has led to improvements in the quality of life for the people and communities in the area. Through their services such as micro-business loans, small business loans, credit builder loans, home improvement loans, auto loans, and employee loans, Taala Fund has been instrumental in fostering economic growth and stability within the community. Their efforts have contributed to empowering individuals to achieve financial independence and create sustainable businesses, ultimately leading to overall community improvement.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $37,043
  • Program Service Revenue: $103,248
  • Gross Receipts: $746,615

    • Assets and Liabilities:
  • Total Assets: $2,571,645
  • Total Liabilities: $461,033
  • Net Assets: $2,110,612
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Contract Income

    Revenue

    $64,502

    Interest Revenue- Lending

    Revenue

    $32,929

    Loan app.and other fees

    Revenue

    $5,817

    Organization Details

    Founding Year

    2009

    Principal Officer

    David Montgomery

    Main Address

    PO BOX 702, TAHOLAH, WA, 98587

    NTEE Category

    Code: S20 - Community improvement

    If you are a representative of Taala Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.