2024-11-15T07:36:14-06:00 2023-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2023-01-01 911649328 GOWEST FOUNDATION GOWE 8009959064 18000 INTERNATIONAL BLVD STE 1102 SEATAC WA 98188 JENNIFER HUGGARD CHIEF ADMINISTRATIVE OFFICER 8009959064 2024-11-14 1 1 ROGER A JONES CPA P01702335 4258891778 2024-11-14 2023 2024-10-15 13:58:12Z JENNIFER HUGGARD 18000 INTERNATIONAL BLVD STE 1102 SEATAC WA 98188 2178444 0 X WWW.GOWESTFOUNDATION.ORG X 1993 WA POWERED BY A NETWORK OF CREDIT UNIONS, WE ARE UNIQUELY POSITIONED TO HARNESS AND DELIVER RESOURCES THAT STRENGTHEN THE FINANCIAL LIVES OF PEOPLE AND COMMUNITIES OPERATING IN ARIZONA, COLORADO, IDAHO, OREGON, WASHINGTON AND WYOMING. 12 11 0 15 0 0 1090270 1724559 0 0 159974 453885 0 0 1250244 2178444 465178 606455 0 0 0 0 0 0 59014 441278 958061 906456 1564516 343788 613928 8102504 19930289 53996 10559149 8048508 9371140 POWERED BY A NETWORK OF CREDIT UNIONS, WE ARE UNIQUELY POSITIONED TO HARNESS AND DELIVER RESOURCES THAT STRENGTHEN THE FINANCIAL LIVES OF PEOPLE AND COMMUNITIES OPERATING IN ARIZONA, COLORADO, IDAHO, OREGON, WASHINGTON AND WYOMING. 0 0 1046200 606455 THE GRANTS DEVELOPMENT PROGRAM AND PUBLIC EDUCATION PROGRAM PROVIDED FUNDS TO CREDIT UNIONS AND THEIR STAFF FOR PROGRAMS AND EDUCATION FOCUSED ON IMPROVING THE FINANCIAL LIVES OF PEOPLE AND COMMUNITIES ACROSS THE REGION. 1046200 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 0 0 0 X JENNIFER HUGGARD 2063404842 18000 INTERNATIONAL BLVD SUITE 1102 SEATAC WA 98188 X GENE PELHAM BOARD CHAIR 1.00 X X 0 0 0 SHELLI MILLHUFF DIRECTOR 1.00 X 0 0 0 KELLY SCHRADER TREASURER 1.00 X X 0 0 0 TOM BERQUIST DIRECTOR 1.00 X 0 0 0 NORA CARPENTER DIRECTOR 1.00 X 0 0 0 JACKIE HOONJAN DIRECTOR 1.00 X 0 0 0 CHARLOTTE NEMEC DIRECTOR 1.00 X 0 0 0 TODD PEARSON VICE CHAIR 1.00 X X 0 0 0 TYLER VALENTINE SECRETARY 1.00 X X 0 0 0 JAY CHAMPION DIRECTOR 1.00 X 0 0 0 JENNIFER KUTCHER DIRECTOR 1.00 X 0 0 0 JANE PRANCAN DIRECTOR 1.00 X 0 0 0 ERIC RENAUD DIRECTOR 1.00 X 0 0 0 RAINY THOEN DIRECTOR 1.00 X 0 0 0 STACIE WYSS-SCHOENBORN DIRECTOR 1.00 X 0 0 0 TROY STANG PRESIDENT 1.00 40.00 X 0 0 0 0 0 0 0 0 0 0 0 1724559 1724559 453885 453885 2178444 0 0 453885 606455 606455 430940 43758 328267 58915 75824 75824 20967 20868 99 839 839 32629 32629 17017 17017 PROGRAM MANAGEMENT FEES 374280 374280 MISCELLANEOUS 3181 3181 MEMBERSHIP/COMMUNITY GI 2384 2384 1564516 1046200 459302 59014 1778546 4131565 8864869 124253 22665 0 5035 6199705 6906155 8102504 19930289 53996 23318 0 8773145 0 1762686 53996 10559149 X 7264080 8455396 784428 915744 8048508 9371140 8102504 19930289 X 613928 398145 310559 X X 0 1 X 1 0 X 748009 1258741 1248018 1090270 1691033 6036071 748009 1258741 1248018 1090270 1691033 6036071 800404 5235667 116422 41335 141684 159974 461249 920664 6956735 0.75260 0.89650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 4118482 F CERTIFICATES OF DEPOSIT 924899 C FIXED INCOME 1862774 F 6906155 DUE TO CHILDREN'S MIRACLE NETWORK 1209868 DUE TO RELATED PARTY 552818 1762686 1 FINANCIAL BEGINNINGS OREGON 2705 E BURNSIDE ST 214 PORTLAND OR 97214 814643539 501(C)(3) 7500 0 GENERAL SUPPORT FINANCIAL BEGINNINGS WASHINGTON PO BOX 58032 TUKWILA WA 98138 814643539 501(C)(3) 7500 0 GENERAL SUPPORT MAPS COMMUNITY FOUNDATION PO BOX 12398 SALEM OR 97309 930465543 501(C)(14) 37500 0 GRANT FUND LOAN LOSS RESERVE MAPS COMMUNITY FOUNDATION PO BOX 12398 SALEM OR 97309 930465543 501(C)(14) 27863 0 GRANT FUND LOAN LOSS RESERVE WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT RD MADISON WI 53705 396093210 501(C)(3) 15000 0 ANNUAL CONTRIBUTION CU WEST 10150 W DESERT RIVER BLVD GLENDALE AZ 85307 860108241 501(C)(14) 45000 0 SMALL BUSINESS INITIATIVE-IMPLEMENTATION GRANT NATIONAL CREDIT UNION FOUNDATION 99 M STREET SE SUITE 300 WASHINGTON DC 20003 391383650 501(C)(3) 15000 0 GENERAL SUPPORT NATIONAL CREDIT UNION FOUNDATION 99 M STREET SE SUITE 300 WASHINGTON DC 20003 391383650 501(C)(3) 10000 0 DISASTER RELIEF NUVISTA FCU 2711 COMMERCIAL WAY MONTROSE CO 81401 840564373 501(C)(1) 100000 0 WORKFORCE HOUSING GRANT URBAN LEAGUE 10 N RUSSELL ST PORTLAND OR 97227 930395590 501(C)(1) 141000 0 3-YEAR INITIATIVE PART I, LINE 2: MEMBER CREDIT UNIONS SEEKING GRANT FUNDS ARE REQUIRED TO COMPLETE AN APPLICATION. DEPENDING ON THE CIRCUMSTANCES OF THE GRANT ONE OF THE FOLLOWING IS TRUE: THE GRANT IS APPROVED, AND THE GRANTEE SUBMITS FOR REIMBURSEMENT. THE GRANT IS APPROVED, AND THE GRANT AWARD AMOUNT IS PROVIDED, AND FOLLOW UP REPORTS ARE SUBMITTED. THE GRANT IS APPROVED, THE GRANT AWARD AMOUNT IS HELD TO COVER THE POTENTIAL EXPENSES AND ARE SUBMITTED AS NEEDED. FORM 990, PART I, LINE 6 VOLUNTEERS CONSIST SOLELY OF THE ORGANIZATIONS' BOARD MEMBERS WHO PROVIDE FIDUCIARY OVERSIGHT AND STRATEGIC PLANNING FUNCTIONS THROUGH COLLABORATION WITH MANAGEMENT. FORM 990, PART VI, SECTION A, LINE 6 FRIENDS OF THE FOUNDATION MEMBERSHIP - INDIVIDUALS AND ORGANIZATIONS CAN BECOME ACTIVE MEMBERS OF THE GOWEST FOUNDATION TO HELP CULTIVATE OPPORTUNITIES AND DEVELOP LEADERS TO IMPROVE THE WELL BEING OF THE COMMUNITIES WE SERVE. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY WILL APPOINT BOARD OF DIRECTORS VIA A NOMINATING COMMITTEE PROCESS. ADDITIONALLY, MEMBERS OF THE FRIENDS OF THE FOUNDATION MEMBER CATEGORY WILL ELECT/VOTE ON ONE MEMBER OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE 990 AND THEN INFORMS THE BOARD MEMBERS THAT THE FORM 990 HAS BEEN COMPLETED AND FILED AND IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE INFORMED OF THE POLICY AND ARE REQUIRED TO REPORT ANY POSSIBLE CONFLICT BEFORE IT OCCURS. ANY UPDATE TO THE POLICY IS DISCUSSED AT THE BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY CAN BE REQUESTED THROUGH THE BOARD. FORM 990, PART XI, LINE 9: NET ASSETS ACQUIRED IN MERGER 310,559. FORM 990, PART XII, 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART XI, LINE 9 ON DECEMBER 31, 2023, THE FOUNDATION MERGED WITH CONSUMERS UNITED ASSOCIATION ("CUA") IN A COMBINATION ACCOUNTED FOR AT FAIR VALUE. CUA WAS INCORPORATED AS A COLORADO NONPROFIT CORPORATION WHOSE MISSION WAS TO IMPROVE THE FINANCIAL LIVES OF CONSUMERS BY PROVIDING FINANCIAL EDUCATION AND ADVOCACY. THE FOUNDATION ACQUIRED THE FOLLOWING ASSETS AND LIABILITIES IN THE MERGER WITH CUA, STATED AT THEIR ESTIMATED FAIR VALUE: ASSETS ACQUIRED: CASH AND CASH EQUIVALENTS $ 180,009 OTHER ASSETS 9,311 INVESTMENT SECURITIES 176,899 ------------ SUBTOTAL 366,219 LIABILITIES ASSUMED: ACCOUNTS PAYABLE AND ACCRUED EXPENSES 55,660 ------------ NET ASSETS ACQUIRED IN MERGER $ 310,559 ============