Nonprofits1803 Fund

Community Improvement & Capacity Building

1803 Fund

PORTLAND, OR

Total revenue

$22.4M

Total expenses

$13.1M

Net assets

$7.1M

Grants received

EIN

922585176

Tax year

2024

Mission

To help foster and safeguard cohesion, autonomy, and power within a rooted and prosperous black community in portland, oregon.

Programs

2 programs

In 2024, 1803 fund communications staff successfully:completed the foundational 1803 philosophy and organizational practice document, including key messages. Completed the inaugural annual report. Completed a design and language overhaul of the fund's website. Established and expanded the fund's public relations network and social media presence, including news coverage in portland's top media outlets

Expenses: $329K

Defined investment platform with policies, processes and a capital model. Established investment committee to assist board in discharging fiduciary duties. Began evaluating investment transactions. Several offers made.

Expenses: $319K

Financials

FY 2024

Revenue

Contributions & grants$22.1M
Program service revenue$4K
Investment income$310K
Other revenue
Total revenue$22.4M

Expenses

Grants paid$9.1M
Salaries & benefits$1.8M
Fundraising
Other expenses$2.1M
Total expenses$13.1M
Total assets$8.1M
Net assets$7.1M

People

8 listed

NameRoleCompensation

RUKAIYAH ADAMS

CEO/SECRETARY

Board

$502K

42.5 hrs/wk

JOHN DONAHOE

BOARD MEMBER

Board

0.5 hrs/wk

RON HERNDON

BOARD MEMBER

Board

1.8 hrs/wk

LARRY MILLER

BOARD TREASURER

Board

0.5 hrs/wk

TONY HOPSON

BOARD CHAIR

Board

1.8 hrs/wk

D'ARTAGNAN CALIMAN

VP, COMMUNITY PARTNERSHIPS

Staff

$225K

40 hrs/wk

MICH GREENBERG

VP, INVESTMENTS

Staff

$225K

40 hrs/wk

CURTRINA HUFF

FINANCE AND ACCOUNTING MANAGER

Staff

$105K

40 hrs/wk

Independent contractors

IN COMMON AGENCY

COO/OPERATIONS CONSULTANT

$253K

KAVERI MANAGEMENT LLC

CFO CONSULTANT

$252K

SMITH & CONNORS

INFORMATION TECHNOLOGY

$106K

AFFIRMA CONSULTANCY

HR CONSULTANT

$105K

Details

EIN922585176
NTEE codeS20
Subsection03
Ruling date2024-03
Formed2023
Employees9
Volunteers4
1803 FUND — Mission, Financials & Grants Received | Grantivo