Nonprofit · EIN 94-3196958
IMPACT CAPITAL
Tax-exempt · SEATTLE, WA 98104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,890,847 | $948,726 | $942,121 | $16,580,542 | $10,606,178 | $5,974,364 |
| December 31, 2024 | 990 | $1,375,793 | $1,763,760 | -$387,967 | $19,443,981 | $14,411,738 | $5,032,243 |
| December 31, 2023 | 990 | $1,236,112 | $928,242 | $307,870 | $19,594,341 | $14,174,131 | $5,420,210 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,784,527
- Investment income
- $106,320
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $483,414
- Other salaries and wages
- $25,914
- Salaries, compensation and benefits (total)
- $570,328
- Professional fundraising fees
- $0
- Legal fees
- $4,673
- Accounting fees
- $44,249
- Occupancy
- $10,279
- Travel
- $6,174
- Program services (functional)
- $709,831
- Management and general (functional)
- $205,614
- Fundraising (functional)
- $33,281
Balance sheet and other
- Total assets, start of year
- $19,443,981
- Total assets, end of year
- $16,580,542
- Total liabilities, end of year
- $10,606,178
- Net assets, end of year
- $5,974,364
- Net assets without donor restrictions
- $3,263,929
- Net assets with donor restrictions
- $2,710,435
- Gross receipts
- $1,890,847
- Employees
- 4
- Volunteers
- 9
- Year formed
- 1993
- State of legal domicile
- WA
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOEL MILLAR | EXECUTIVE DIRECTOR Officer | 40 | $174,877 | $15,774 |
| LORA BOURELLE | COO/CFO Officer | 40 | $154,391 | $15,013 |
| KERRI STONEMAN | VP OF LENDING Officer | 40 | $109,548 | $25,039 |
| KIM ETHERTON | CHIR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID FOREMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SUSAN DUREN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| AMANDA DESHAZO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LOWEL KRUEGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ADITYA KURELLA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DOUG PRINCE | BOARD MEMBER (THROUGH MAY 2025) Trustee or director | 1 | $0 | $0 |
| KEVIN RUF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEVE WALKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOEL MILLAR | EXECUTIVE DIRECTOR Officer | 40 | $170,764 | $14,951 |
| LORA BOURELLE | COO/CFO Officer | 40 | $139,047 | $15,031 |
| KERRI STONEMAN | VP OF LENDING Officer | 40 | $105,591 | $13,420 |
| BRYAN KETCHAM | CHAIR (THROUGH JULY 2024) Trustee or director, Officer | 1 | $0 | $0 |
| KIM ETHERTON | BOARD MEMBER THEN CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID FOREMAN | BOARD MEMBER THEN VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SUSAN DUREN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| AMANDA DESHAZO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LOWEL KRUEGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ADITYA KURELLA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DOUG PRINCE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN RUF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEVE WALKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOEL MILLAR | EXECUTIVE DIRECTOR Officer | 40 | $161,442 | $13,172 |
| LORA BOURELLE | COO/CFO Officer | 40 | $133,607 | $12,591 |
| MARCEL NEFF | VP OF LENDING (THROUGH DEC 2023) Officer | 40 | $110,907 | $11,701 |
| KERRI STONEMAN | VP OF LENDING (AS OF OCT 2023) Officer | 40 | $16,926 | $0 |
| BRYAN KETCHAM | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LEANNE ANTONIO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SUSAN DUREN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KIM ETHERTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID FOREMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LOWEL KRUEGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ADITYA KURELLA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DOUG PRINCE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN RUF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEVE WALKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 701 5TH AVE STE 4200, SEATTLE, WA 98104-7047
- In care of
- % LORA BOURELLE
- Principal officer (990 for 2025)
- JOEL MILLAR, 701 5TH AVENUE 4200, SEATTLE, WA 98104
- Signed the 990
- JOEL MILLAR, EXECUTIVE DIRECTOR
- Phone
- (206) 587-3200
- Website
- WWW.IMPACTCAPITAL.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
IMPACT CAPITAL IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION THAT MAKES STRATEGIC LOANS IN ORGANIZATIONS, TRIBAL ENTITIES, AND HOUSING AUTHORITIES TO SPUR COMMUNITY DEVELOPMENT, INCLUDING AFFORDABLE HOUSING, ART AND CULTURAL CENTERS, COMMUNITY FACILITIES, AND VIBRANT COMMERCIAL DISTRICTS. OUR WORK TRANSFORMS DISTRESSED COMMUNITIES AND NEIGHBORHOODS INTO HEALTHY ONES - GOOD PLACES TO LIVE, WORK, DO BUSINESS, AND RAISE FAMILIES.
Program accomplishments
- IMPACT CAPITAL MANAGES TWO LOAN POOLS THAT PROVIDE LOANS TO ORGANIZATIONS, HOUSING AUTHORITIES, AND TRIBAL ENTITIES, FOR THE CREATION OF AFFORDABLE HOUSING AND COMMUNITY FACILITIES. AFFORDABLE HOUSING FINANCED BY IMPACT CAPITAL SERVICES PEOPLE TYPICALLY AT OR BELOW 80% OF AREA MEDIAN INCOME. COMMUNITY FACILITIES PROVIDE ACCESS TO SERVICES FOR LOW AND MODERATE INCOME PEOPLE. LOANS ARE USED TO FUND PROPERTY CONSTRUCTION, PROPERTY ACQUISITION, PREDEVELOPMENT EXPENSES, OR TO BRIDGE PERMANENT CAPITAL. THESE ARE OFTEN TRANSACTIONS THAT DO NOT MEET THE RISK PROFILES OF TRADITIONAL BANK LENDERS. IMPACT CAPITAL WAS CREATED TO PROVIDE ACCESS TO CAPITAL AND OTHER RESOURCES FOR UNDERSERVED COMMUNITIES. OUR LENDING PROVIDES A FOUNDATION FOR NEW DEVELOPMENT THAT ATTRACTS PUBLIC AND PRIVATE PERMANENT FINANCING AND SERVES AS A NEEDED CATALYST FOR DEVELOPMENT. WE HELP BUILD EQUITABLE COMMUNITIES WITH CLEAN, SAFE AFFORDABLE HOUSING, AND ACCESS TO SERVICES INCLUDING PARKS, SCHOOLS, AND VIBRANT COMMERCIAL CORRIDORS.Expenses $709,831 · revenue $1,784,527
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-3196958
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W60)
- Assets (IRS master file)
- $16,580,542
- Income (IRS master file)
- $1,890,847
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,890,847 | $948,726 | $16,580,542 | XML |
| 990 | December 2024 | $1,375,793 | $1,763,760 | $19,443,981 | XML |
| 990 | December 2023 | $1,236,112 | $928,242 | $19,594,341 | XML |
| 990 | December 2022 | $961,614 | $1,468,342 | $22,764,384 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 94-3196958).
Questions about IMPACT CAPITAL
- What is the EIN of IMPACT CAPITAL?
- The employer identification number (EIN) of IMPACT CAPITAL is 94-3196958.
- Is IMPACT CAPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to IMPACT CAPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IMPACT CAPITAL 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 IMPACT CAPITAL due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IMPACT CAPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of IMPACT CAPITAL?
- The 990 for the year ended December 31, 2025 names JOEL MILLAR.
- Who are the officers and directors of IMPACT CAPITAL?
- The 990 for the year ended December 31, 2025 lists 12 people; 3 received compensation from the organization, the highest $174,877 (JOEL MILLAR, EXECUTIVE DIRECTOR).
- How much revenue does IMPACT CAPITAL have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,890,847, expenses of $948,726 and total assets of $16,580,542 at year end.
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