Overview
What is Craft3?
Craft3 is a nonprofit organization based in Astoria, Oregon, with a team of 91 employees. Their primary mission is to support businesses and individuals in Washington and Oregon through business lending, marketing assistance, and high-risk non-bank credit. By providing capital and fostering relationships, Craft3 aims to create a thriving and just Pacific Northwest community. Additionally, Craft3's mission-based lending focuses on reducing waste, energy, and chemical usage in the region, contributing to the economic and physical improvement of the area.
Official website here: www.craft3.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% - Three-Star out of Four Star rating
Craft3 has received a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization boasts a high score of 87 in the Accountability & Finance category, primarily driven by its independent board composition and robust financial oversight. With all board members being independent, Craft3 demonstrates a commitment to governance and ethical practices.
The strengths of Craft3 include a comprehensive conflict of interest policy and effective document retention practices, both of which contribute positively to its overall transparency. Additionally, the charity maintains a high program expense ratio of 82.90%, indicating that a significant portion of its funds directly supports its mission-related activities. This highlights a focus on effective use of resources.
However, while Craft3's liabilities to assets ratio of 61.35% scores lower compared to other metrics, it does not significantly detract from its overall financial health. Overall, Craft3 is recognized for its strong governance and financial practices, positioning it as a responsible nonprofit in its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Craft3 legitimate?
Craft3 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Craft3 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: $1,884,194
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,047,467
For more financial information, click here
Official website here: www.craft3.org
What is the mission statement of Craft3?
Craft3 is devoted to creating a prosperous, fair, and empowered community in the Pacific Northwest. They achieve this goal through the strategic use of capital, cultivating meaningful relationships, and leveraging their voice. The organization's core activities include providing business support, marketing assistance, and non-bank credit to entrepreneurs and individuals in Washington and Oregon. In addition, they strive to enhance physical and economic environments by implementing mission-based lending, which reduces waste, energy, and chemical usage.
Official website here: www.craft3.org
Who is the CEO of Craft3?
Adam Zimmerman is the Chief Executive Officer of Craft3. The CEO's salary of Craft3 is $284,338 and their total compensation is $291,676.
Official website here: www.craft3.org
What is the revenue of Craft3?
Craft3's revenue in 2022 was $19,219,259.
Official website here: www.craft3.org
Who are the executives of Craft3 and what are their salaries?
The average compensation at Craft3 during 2022 was $87,161. There are 91 employees and 10 volunteers at Craft3.
Here are 26 key members and their salaries (Craft3's CEO's salary is $284,338 and their total compensation is $291,676):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $284,338
- Related: $0
- Other: $7,338
- Compensation: $227,227
- Related: $0
- Other: $22,435
- Compensation: $211,793
- Related: $0
- Other: $14,066
- Compensation: $178,703
- Related: $0
- Other: $28,378
- Compensation: $191,112
- Related: $0
- Other: $12,914
- Compensation: $156,113
- Related: $0
- Other: $18,941
- Compensation: $181,161
- Related: $0
- Other: $8,498
- Compensation: $158,204
- Related: $0
- Other: $21,401
- Compensation: $156,698
- Related: $0
- Other: $4,875
- Compensation: $134,655
- Related: $0
- Other: $27,942
- Compensation: $134,311
- Related: $0
- Other: $26,580
- Compensation: $141,650
- Related: $0
- Other: $10,660
- Compensation: $145,217
- Related: $0
- Other: $4,787
- Compensation: $140,787
- Related: $0
- Other: $3,502
Official website here: www.craft3.org
Where can I find the form 990 for Craft3?
Craft3's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.craft3.org
Learn more at the official website: www.craft3.org
Mission Statement of Craft3
Craft3, a leading nonprofit organization, is on a mission to build a thriving, just, and empowered Pacific Northwest community. Using the tools of capital, relationships, and voice, Craft3 strives to make a positive impact in the lives of businesses and individuals in Washington and Oregon.
At the heart of Craft3's mission is the provision of business support, marketing assistance, and high-risk non-bank credit. These services are crucial for the growth and success of businesses in the region. By extending a helping hand to entrepreneurs and small business owners, Craft3 is contributing to the economic vitality of the Pacific Northwest.
Moreover, Craft3 is dedicated to improving the physical and economic environments through mission-based lending. This approach enables the organization to reduce waste, energy, and chemical usage in the businesses it supports. By promoting sustainable business practices, Craft3 is not only fostering economic growth but also contributing to a greener and more eco-friendly future for the Pacific Northwest.
In summary, Craft3 is a catalyst for change in the Pacific Northwest. Through its innovative lending activities and commitment to sustainability, the organization is empowering businesses and individuals to thrive and contribute to a more just and equitable society.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Craft3 makes a significant impact in the Pacific Northwest by providing vital support to businesses and individuals in Washington and Oregon. Through its lending activities, Craft3 offers high-risk non-bank credit, business support, and marketing assistance, playing a crucial role in fostering economic growth and stability in the region.
By focusing on mission-based lending, Craft3 improves both the physical and economic environments. The organization prioritizes sustainable practices, working to reduce waste, energy consumption, and the use of harmful chemicals. This not only benefits businesses but also strengthens communities and contributes to a healthier ecosystem.
Overall, Craft3’s commitment to building a thriving, just, and empowered Pacific Northwest helps to create opportunities and foster resilience, ultimately enhancing the quality of life for residents in the region.
This information is meant to be a general summary of Craft3. 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: $889,621
- Program Service Revenue: $12,060,240
- Gross Receipts: $19,219,259
Assets and Liabilities:
- Total Assets: $182,110,281
- Total Liabilities: $111,734,376
- Net Assets: $70,375,905
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LENDING ACTIVITIES
Revenue
$11,366,088
PROGRAM CONSULTING
Revenue
$694,152
Organization Details
Founding Year
1994
Phone
(888) 231-2170Principal Officer
Adam Zimmerman
Main Address
42 7TH STREET 100, ASTORIA, OR, 97103
Website
www.craft3.orgNTEE Category
Code: S43 - Community improvement
If you are a representative of Craft3 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.