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Chehalis Tribal Loan Fund

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

EIN: 270177378 ✦ Oakville, WA ✦ Designated as a 501(c)(3)

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Overview

What is Chehalis Tribal Loan Fund?

The Chehalis Tribal Loan Fund, situated in Oakville, Washington, is a nonprofit organization with a mission to empower the Chehalis Tribe and its local community. Their primary objective is to offer business and personal loans, alongside financial literacy education, to support the economic growth and financial well-being of its members. With a small team of two dedicated individuals, the fund aims to strengthen the financial resilience of the community, fostering opportunities for sustainable development.

Is Chehalis Tribal Loan Fund legitimate?

Chehalis Tribal Loan Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chehalis Tribal Loan 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: $89,346
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,304

For more financial information, click here

What is the mission statement of Chehalis Tribal Loan Fund?

The Chehalis Tribal Loan Fund's mission is centered around extending business and personal loans, as well as promoting financial literacy, to the Chehalis Tribe and its surrounding community. Their objective is to empower individuals within this community by providing them with the necessary financial resources and educational tools. By doing so, they aim to foster economic growth and financial stability within the community. The fund serves as a vital resource, offering financial assistance and guidance to its members, thereby contributing to their overall well-being and development.

Who is the CEO of Chehalis Tribal Loan Fund?

Tamara Marlowe is the Executive Director of Chehalis Tribal Loan Fund.

What is the revenue of Chehalis Tribal Loan Fund?

Chehalis Tribal Loan Fund's revenue in 2022 was $307,275.

Who are the executives of Chehalis Tribal Loan Fund and what are their salaries?

The average compensation at Chehalis Tribal Loan Fund during 2022 was $48,325. There are 2 employees at Chehalis Tribal Loan Fund.


Here are 6 key members and their salaries:


Tamara Marlowe (Executive Director)
  • Compensation: $89,346
  • Related: $0
  • Other: $0
Trudy Marcellay (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Weaver (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edmund Myer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alicia Medina (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Bray (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Chehalis Tribal Loan Fund?

Chehalis Tribal Loan Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Chehalis Tribal Loan Fund

The Chehalis Tribal Loan Fund is dedicated to serving the Chehalis Tribe and its surrounding community by offering business and personal loans, as well as financial literacy programs. Their mission is to empower individuals by providing them with the necessary financial resources and knowledge to succeed in their personal and entrepreneurial ventures. By offering these services, the Chehalis Tribal Loan Fund aims to contribute to the economic growth and prosperity of the community it serves.

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Impact




October, 2024

The Chehalis Tribal Loan Fund significantly enhances the financial well-being of the Chehalis Tribe and surrounding community members. By offering business and personal loans, it empowers individuals to pursue entrepreneurial ventures and enhance their quality of life. The fund also emphasizes financial literacy, equipping borrowers with the knowledge needed to make informed financial decisions, manage debt effectively, and build sustainable financial futures.

Through its services, the Chehalis Tribal Loan Fund fosters community improvement by encouraging economic development, increasing access to capital, and supporting local businesses. This not only strengthens the economic base of the community but also contributes to greater financial stability and resilience among its members. Overall, the fund plays a crucial role in promoting financial empowerment and economic growth in the region.




This information is meant to be a general summary of Chehalis Tribal Loan 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.

Revenue
$307,275 (2022)
Expenses
$208,940 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $75
  • Program Service Revenue: $71,201
  • Gross Receipts: $307,275

Assets and Liabilities:

  • Total Assets: $1,245,901
  • Total Liabilities: $436,735
  • Net Assets: $809,166

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Programs

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

Loan Interest

Revenue

$50,954

Loan Fees

Revenue

$13,047

Payee Service

Revenue

$7,200

Organization Details

Founding Year

2007

Principal Officer

Tamara Marlowe

Main Address

420 HOWANUT RD, OAKVILLE, WA, 98568

NTEE Category

Code: S32 - Community improvement

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