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1803 Fund
1803 Fund reported $55.6 million in revenue and $21.8 million in expenses for calendar year 2025. Of every $100 it spent, $92.38 went to program services, $7.62 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 99.0% of the total. The highest compensation it reported for one person was $648,897 (CEO/SECRETARY). 9 people received more than $100,000 in reportable compensation. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $56MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.4% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.6% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.0% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.1% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $648,897 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.97% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 9 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 22.4 | 9.2 |
| Independent voting board members Part VI 1a–1b | 2 of 3 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseIn 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
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…
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.…
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO/SECRETARY Director/trustee, officer, 42.50 hrs/week | $587,548 | $0 | $61,349 | $648,897 |
| VP, PARTNERSHIPS Highest compensated employee, 40.00 hrs/week | $233,282 | $0 | $53,521 | $286,803 |
| VP, EXTERNAL AFFAIRS Highest compensated employee, 40.00 hrs/week | $205,253 | $0 | $41,006 | $246,259 |
| CHIEF OPERATING OFFICER Highest compensated employee, 40.00 hrs/week | $182,625 | $0 | $40,400 | $223,025 |
| DIR, DATA STRATEGY & ORGANIZATIONAL LEARNING Highest compensated employee, 40.00 hrs/week | $168,264 | $0 | $41,497 | $209,761 |
| COMMUNITY PARTNERSHIPS MANAGER Highest compensated employee, 40.00 hrs/week | $151,220 | $0 | $33,110 | $184,330 |
9 people received more than $100,000 in reportable compensation from 1803 Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $649K (Part IX, line 5).
3 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b3 · 2 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 512
- Volunteers Part I, line 62
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| CODY DEVELOPMENT CORP Real estate development | $426,333 |
| CASCADIA COMMUNITY IMPACT FUND Real estate partner | $303,600 |
| KAVERI MANAGEMENT LLC Cfo consultant | $259,039 |
| AFFIRMA CONSULTANCY Hr consultant | $195,999 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from 1803 Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for 1803 Fund, you can publish a response that is linked from this page.
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Of every $100 1803 Fund spent in 2025, $92.38 went to programs. The full breakdown, from its IRS Form 990:
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All community improvement & capacity building charities · Largest charities in Oregon
Questions people ask
How much of 1803 Fund's spending goes to programs?
In calendar year 2025, 1803 Fund reported that 92.4% of its $21.8 million in expenses went to program services, 7.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does 1803 Fund pay its top executive?
The largest total compensation 1803 Fund reported for one person in calendar year 2025 was $648,897, for the role of CEO/SECRETARY (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does 1803 Fund get its money?
Of $55.6 million in revenue in calendar year 2025, 99.0% came from contributions and grants and 0.1% from program service revenue (Form 990, Part VIII).
Is 1803 Fund a registered charity?
The IRS lists EIN 92-2585176 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202601329349300400 · read the filing · XML
- 2024: Form 990 for calendar year 2024, object 202541329349305709 · read the filing
- 2023: Form 990 for calendar year 2023, object 202401359349304805 · read the filing
All filings for EIN 92-2585176: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.