1803 FUND

EIN: 922585176 501(c)(3) Community Improvement

PORTLAND, OR

Total Revenue
$55,561,525
Total Expenses
$21,822,844
Total Assets
$49,551,036
Net Assets
$40,811,713
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
OR
Principal Officer
RUKAIYAH ADAMS
Phone
5032949246
Tax Period
2025-01-01 to 2025-12-31

1803 FUND, founded in 2023, is a mid-sized nonprofit in the Community Improvement sector that reported $55.6M in total revenue in fiscal year 2025. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33.7M, a strong 61% operating margin.

Mission

TO ESTABLISH A RESILIENT FINANCIAL ECOSYSTEM THAT SUPPORTS THE LONG-TERM WELL-BEING OF PORTLAND'S BLACK COMMUNITY BY INVESTING IN EDUCATION, PRESERVING CULTURAL HERITAGE AND FOSTERING COMMUNITY VIA LONG-TERM GRANT FUNDING, PARTNERSHIPS AND INVESTMENTS.

Program Service Accomplishments

Program 1
Expenses: $16,781,587

IN 2025, THE COMMUNITY INVESTMENT TEAM ACCOMPLISHED THE FOLLOWING:1. MADE A 10-YEAR, $75M COMMITMENT TO UNDERWRITE DIRECT SERVICE EXPENDITURES OF SELF ENHANCEMENT INC. AND ALBINA HEAD START2...

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IN 2025, THE COMMUNITY INVESTMENT TEAM ACCOMPLISHED THE FOLLOWING:1. MADE A 10-YEAR, $75M COMMITMENT TO UNDERWRITE DIRECT SERVICE EXPENDITURES OF SELF ENHANCEMENT INC. AND ALBINA HEAD START2. LAUNCHED THE 1803 FUND'S PLACE-MAKING GRANT PROGRAM TO ACTIVATE, ENRICH AND FORTIFY REAL ESTATE ASSETS IN ALBINA3. CONTINUED TO SUPPORT THE COHORT OF 1803 FUND'S STRATEGIC COMMUNITY GRANT PARTNERS THROUGH MULTIPLE CONVENINGS, LEADERSHIP DEVELOPMENT, TECHNICAL ASSISTANCE AND SHARED LEARNING4. DISBURSED OVER $300K OF SPONSORSHIPS TO SUPPORT COMMUNITY EVENTS

Program 2
Expenses: $2,449,078

IN 2025, THE EXECUTIVE OFFICE TEAM ACCOMPLISHED THE FOLLOWING:1. COORDINATED OVER $400K IN RESPONSIVE GRANTS TO SUPPORT NATIONAL AND PORTLAND BLACK LEADERSHIP CONVENINGS 2. LAUNCHED THE 1803 FUND'S...

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IN 2025, THE EXECUTIVE OFFICE TEAM ACCOMPLISHED THE FOLLOWING:1. COORDINATED OVER $400K IN RESPONSIVE GRANTS TO SUPPORT NATIONAL AND PORTLAND BLACK LEADERSHIP CONVENINGS 2. LAUNCHED THE 1803 FUND'S EXTERNAL AFFAIRS PRACTICE TO ENGAGE WITH AND SUPPORT PUBLIC & MUNICIPAL PARTNERS3. REFINED THE 1803 FUND'S COMMUNICATIONS APPROACH AND HELD MULTIPLE PRESS EVENTS TO COMMUNICATE THE FUND'S REAL ESTATE ENDEAVORS4. LAUNCHED 1803 ENTERPRISE PARTNERSHIP PRACTICE5. GRANTED SPECIAL FUNDS TO ENABLE FEASIBILITY ANALYSIS AND BUSINESS PLANNING FOR A POSSIBLE MOVE OF PENSOLE LEWIS, A DESIGN CENTERED HBCU, TO PORTLAND, OREGON

Program 3
Expenses: $930,313 Revenue: $28,622

IN 2025, THE 1803 REAL ESTATE TEAM ACCOMPLISHED THE FOLLOWING:1. REFINED THE 1803 FUND'S 'REBUILD ALBINA' STRATEGY TO FOCUS ON DIRECT REAL ESTATE INVESTMENT IN HISTORIC ALBINA2. FORMULATED REAL...

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IN 2025, THE 1803 REAL ESTATE TEAM ACCOMPLISHED THE FOLLOWING:1. REFINED THE 1803 FUND'S 'REBUILD ALBINA' STRATEGY TO FOCUS ON DIRECT REAL ESTATE INVESTMENT IN HISTORIC ALBINA2. FORMULATED REAL ESTATE INVESTMENT FRAMEWORK AND FUTURE ACQUISITION PIPELINE3. ENTERED INTO AGREEMENT TO ACQUIRE THREE PROPERTIES IN LOWER ALBINA INCLUDING TWO CORNERSTONE PARCELS COMPRISING OVER 6 ACRES4. PROVIDED $5M MEZZANINE LOAN TO ALBINA VISION TRUST TO ENABLE PURCHASE AND AFFORDABLE HOUSING REPOSITIONING OF HISTORIC PARAMOUNT APARTMENTS 5. ENTERED INTO NEGOTIATIONS ON 3 ADDITIONAL PROPERTIES IN LOWER ALBINA6. BEGAN REMEDIATION, ZONING AND MASTER PLANNING PRE-DEVELOPMENT WORK ON 2 CORNERSTONE PROPERTIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $55,005,188
Program Service Revenue $28,622
Investment Income $527,715
Other Revenue $0
TOTAL REVENUE $55,561,525

Expense Breakdown

Grants Paid $15,333,815
Salaries & Benefits $3,160,690
Fundraising Expenses $0
Program Expenses $20,160,978
Other Expenses $3,328,339
TOTAL EXPENSES $21,822,844

Year-over-Year Comparison

2025 2024 Change
Revenue $55,561,525 $22,414,164 +1.5%
Expenses $21,822,844 $13,099,256 +0.7%
Net Income $33,738,681 $9,314,908 +2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
2
Employees
12
Volunteers
2

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$648,897
Total Directors
3
$648,897
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUKAIYAH ADAMS CEO/SECRETARY 42.50
Officer Director
$587,548 $61,349 $648,897
LARRY MILLER BOARD CHAIR 0.50
Officer Director
$0 $0 $0
JOHN DONAHOE BOARD TREASURER 0.50
Officer Director
$0 $0 $0
D'ARTAGNAN CALIMAN VP, PARTNERSHIPS 40.00
Highest
$233,282 $53,521 $286,803
CYREENA BOSTON ASHBY VP, EXTERNAL AFFAIRS 40.00
Highest
$205,253 $41,006 $246,259
COBI BYRD CHIEF OPERATING OFFICER 40.00
Highest
$182,625 $40,400 $223,025
CAMILLE IDEDEVBO DIR, DATA STRATEGY & ORGANIZATIONAL LEARNING 40.00
Highest
$168,264 $41,497 $209,761
JUMA SEI COMMUNITY PARTNERSHIPS MANAGER 40.00
Highest
$151,220 $33,110 $184,330
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $55,561,525 $21,822,844 $49,551,036 $33,738,681
2024 No data No data No data No data
2023 No data $2,243,481 $5,897,917 No data
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