Inatai Foundation
Nonprofit profile at a glance
- EIN
- 300889914
- IRS 990 coverage
- 2017–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-N 2016
- Location
- Seattle, WA, USA
- Phone
- 2067888900
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Research Institutes and/or Public Policy Analysis
Reported finances
- Revenue
- $42,472,731
- Expenses
- $97,204,905
- Assets
- $2,365,213,466
- Liabilities
- $63,346,040
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- NICHOLE MAHER (PRESIDENT AND CEO)
- CORY SBARBARO (EXECUTIVE VICE PRESIDENT (THRU 5/24))
Highest reported compensation
- PENG WANG (CHIEF INVESTMENT OFFICER): $927,119 total reported compensation
- NICHOLE MAHER (PRESIDENT AND CEO): $876,107 total reported compensation
- CHARLOTTE ZHANG (SENIOR PORTFOLIO MANAGER): $463,084 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Inatai Foundation is a 501(c)(4) philanthropy seeking to transform the balance of power to ensure equity and racial justice across Washington state and beyond. We support the strategies of community-led organizations, networks, and leaders as they work to maximize the power of currently available infrastructure and to gain access to infrastructure that has been systematically denied to them. Our role is to identify and build the infrastructure which benefits every community-led organization and leader, but which no single organization or leader can build alone. Additionally, our role is to sustain the conditions necessary for that infrastructure to be used by communities to build greater community power. Inatai Power Building Infrastructure _Vice President of Grantmaking Steven Cole Schwartz and Senior Program Officer Jorge Gutierrez chat during a.
What it reported doing in 2024
Inatai foundation provides funding, information and capacity building support to the leaders and organizations rooted in and led by communities across Washington state, so they have the resources, power, and opportunity they need to bring their visions to life.during 2024, inatai foundation provided more than 600 grants and contributions, and hosted several in-person gatherings for grantees and community organizations.
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 89% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 45
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 82.7%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.4%; rating input score 99; 34th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -128.9%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 24.33; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 5.4%; rating input score 48; 48th percentile among comparable filings
Growth
- Program expense growth: 28.7% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: -42.5% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: 4.5% per year; rating input score 100; 32nd percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 100% of revenue deployed · 82.7% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $80.4M in reported program spending
- Leadership: top reported pay $927K · 25 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.5M reported
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 5 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 328 filed money-flow records
- Related organizations: 304 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 48/100.