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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 87-1148254

GSBA FOUNDATION

Tax-exempt · SEATTLE, WA 98122

Financials

$108K$109K2023$174K$174K2024
Revenue Expenses · by fiscal year end
Financials of GSBA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$174,486$174,077$409$5,877–$5,877
December 31, 2023990-EZ$108,431$108,504-$73$5,468$0$5,468
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$174,486

Expenses

Grants and similar amounts paid
$159,077
Compensation of officers, directors and key employees
$0
Other expenses
$15,000
Program services (functional)
$159,077

Balance sheet and other

Total assets, start of year
$5,468
Total assets, end of year
$5,877
Total liabilities, end of year
–
Net assets, end of year
$5,877
Cash, savings and investments
$5,877
Gross receipts
$174,486

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Ilona LohreyPresident & CEO1$0
Rachel CherninVP of Ops & Fin1$0
Eve HwangChair1$0
Roby SchapiraVice Chair1$0
Jenny HardingVice Chair1$0
Jordie NethTreasurer1$0
Susan FullerSecretary1$0
Nat Stratton-ClarkDirector1$0
990-EZ for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
ILONA LOHREYPRESIDENT AND CEO1$0
RACHEL CHERNINVP OF OPS AND DIRECTOR OF FINANCE1$0
EVE HWANGCHAIR2$0
ROBY SCHAPIRAVICE CHAIR2$0
SUSAN FELLERSECRETARY1$0
JORDIE NETHTREASURER1$0
CARRIE CARSONPAST CHAIR1$0
DANNY CORDSDIRECTOR1$0
NAT STRATTON-CLARKEDIRECTOR1$0
STEPHANIE DALLASDIRECTOR1$0
BARB WILSONDIRECTOR1$0
MASOUD TORABIDIRECTOR1$0

Address and contacts

Address (IRS master file)
400 E PINE ST STE 322, SEATTLE, WA 98122-2300
Mailing address (990-N for 2021)
400 E PINE ST 322, SEATTLE WA 98122
Principal officer (990-N for 2021)
RACHEL CHERNIN, 400 EAST PINE SUITE 322, SEATTLE WA 98122
Signed the 990-EZ
Jordie Neth, Treasurer
Phone
(206) 363-9188
Return prepared by
JACOBSON LAWRENCE & ASSOCIATES PLLC

Mission

To advance economic equality and eliminate prejudice and discrimination against the LGBTQ and other historically underrepresented communities through education, training and support

990-EZ for the year ended December 31, 2024

Program accomplishments

  • Small Business Resiliency Loan program (SBRL) sponsored by GWF, in which credit building loans are made by participating credit unions to eligible small businesses and GWF provides collateral funds to the borrower for the lender to hold as collateral for the credit building loan.
    Expenses $159,077 · grants $159,077

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for GSBA FOUNDATION

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
87-1148254
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,877
Income (IRS master file)
$174,486

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$174,486$174,077$5,877XML
990-EZDecember 2023$108,431$108,504$5,468XML
990December 2022$200,110$233,000$5,541IRS
990-N for 2021
Officer: RACHEL CHERNIN
December 31, 2021≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-1148254).

Questions about GSBA FOUNDATION

What is the EIN of GSBA FOUNDATION?
The employer identification number (EIN) of GSBA FOUNDATION is 87-1148254.
Is GSBA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to GSBA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GSBA FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GSBA FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GSBA FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of GSBA FOUNDATION?
The 990-N for 2021 names RACHEL CHERNIN.
Who are the officers and directors of GSBA FOUNDATION?
The 990-EZ for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does GSBA FOUNDATION have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $174,486, expenses of $174,077 and total assets of $5,877 at year end.

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