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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Taala Fund has received an 81% score from Charity Navigator, which reflects its strong accountability and financial management practices. This rating is based entirely on their performance in accountability and finance, indicating a solid foundation in these critical areas. The organization has achieved full points in several key metrics, including having a fully independent board and a clear conflict of interest policy.
Strengths of the Taala Fund include its high percentage of program expenses, which stands at 71.52%, suggesting that a significant portion of its funds are directed towards its mission-related activities. Additionally, the charity maintains comprehensive governance practices, including a whistleblower and document retention policy, and has demonstrated financial stability with a low liabilities to assets ratio of 17.92%.
While the Taala Fund's financial accountability appears strong, the overall rating does not take into account other potential areas of the organization, such as program effectiveness or community impact, which could provide a more complete picture of its overall performance. Nonetheless, the current rating indicates a commitment to transparency and responsible financial management.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.taalafund.org
Where can I find the form 990 for Taala Fund?
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.
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Impact
October, 2024
Taala Fund has a significant impact on the Quinault Indian Reservation and its tribal members by fostering business development and enhancing overall quality of life. Through a variety of lending options, including micro-business loans, small business loans, credit builder loans, home improvement loans, auto loans, and employee loans, Taala Fund empowers individuals and entrepreneurs to pursue their goals.
This initiative not only supports economic growth but also promotes financial stability within the community. By enabling access to necessary capital, Taala Fund helps to build assets that can lead to improved living conditions and increased opportunities for residents. The emphasis on community improvement resonates deeply, as the fund plays a crucial role in both individual prosperity and collective advancement among the Quinault people.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(360) 276-0118Principal Officer
David Montgomery
Main Address
PO BOX 702, TAHOLAH, WA, 98587
Website
www.taalafund.orgNTEE Category
Code: S20 - Community improvement
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