Form 990 for tax year 2024
Filed by INSTITUTE OF AMERICAN INDIAN ARTS FOUNDATION.
Totals
- Total revenue
- $2,202,051
- Total expenses
- $2,188,573
- Contributions and grants received
- $2,287,033
- Grants paid
- $2,041,706
- Program service revenue
- $0
- Investment income
- $3,345
- Other revenue
- -$88,327
- Total assets, end of year
- $2,486,896
- Total liabilities, end of year
- $1,011,800
- Net assets or fund balances, end of year
- $1,475,096
- Program services expenses (Part IX)
- $2,041,706
- Management and general expenses
- $101,355
- Fundraising expenses
- $45,512
- Program service expenses (Part III)
- $2,041,706
Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$922,146
-
1f · All other contributions, gifts and grants
$1,364,887
-
1g · Noncash contributions included above
$87,600
-
3 · Investment income
total $3,345 · excluded $3,345
-
8a · Fundraising events: gross income
$179,425
-
8a · Fundraising events: contributions included on line 1c
$922,146
-
8b · Fundraising events: direct expenses
$267,752
-
8c · Net income from fundraising events
total -$88,327 · excluded -$88,327
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,041,706 · program services $2,041,706
-
11c · Fees: accounting
total $27,646 · management and general $27,646
-
12 · Advertising and promotion
total $4,847 · fundraising $4,847
-
13 · Office expenses
total $54,783 · management and general $14,382 · fundraising $40,401
-
14 · Information technology
total $1,174 · management and general $1,174
-
17 · Travel
total $906 · management and general $906
-
19 · Conferences, conventions and meetings
total $3,039 · management and general $3,039
-
23 · Insurance
total $3,223 · management and general $3,223
-
24a · Other expenses: BANK FEES
total $37,392 · management and general $37,392
-
24b · Other expenses: TAXES AND LICENSES
total $5,722 · management and general $5,722
-
24e · All other expenses
total $8,135 · management and general $7,871 · fundraising $264
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,343,524 · end of year $1,602,647
-
3 · Pledges and grants receivable
beginning of year $789,672 · end of year $815,722
-
4 · Accounts receivable
beginning of year $19,950
-
15 · Other assets
beginning of year $68,903 · end of year $68,527
-
17 · Accounts payable and accrued expenses
beginning of year $16,995 · end of year $1,624
-
25 · Other liabilities
beginning of year $743,436 · end of year $1,010,176
-
27 · Net assets without donor restrictions
beginning of year $1,461,618 · end of year $1,475,096
Mission and programs · 2024
Mission
TO SUPPORT THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE INSTITUTE OF AMERICAN AND ALASKA NATIVE CULTURE AND ARTS DEVELOPMENT, ALSO KNOWN AS INSTITUTE OF AMERICAN INDIAN ARTS.
-
PROVIDE SUPPORT FOR THE INSTITUTE OF AMERICAN INDIAN AND ALASKA NATIVE CULTURE AND ARTS DEVELOPMENT, ALSO KNOWN AS INSTITUTE OF AMERICAN INDIAN ARTS.
Expenses $2,041,706 · Grants $2,041,706
As filed on the 2024 return.
Listed in Part VII
-
SUZETTE SHERMAN
EXECUTIVE DIRECTOR THROUGH 3425
- Total calculated
- $101,539
- From this org
- $0
- From related orgs
- $101,539
- Other
- $0
- Hours/week
- 40
-
PAUL HULTIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
GAIL SHAWE BERNSTEIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
NICHOLAS CARLOZZI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JILL COOPER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
DAVID YOUNG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
CHERYL DEMMERT FAIRBANKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
CONNIE TSOSIE GAUSSOIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
ELLEN BOOZER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MONTE YELLOW BIRD Jr
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
PETER IVES
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
LORRAINE GALA LEWIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL PETTIT
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
EDWARD GALE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
KARA CLEM
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$2,041,706
TO PROVIDE SUPPORT TO THE INSTITUTE
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501c3 · SUPPORT FOR THE IAIA · NM
-
501c3 · AMERICAN INDIAN ARTS EDUCATION & INSTRUCTION · NM
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 July 2026
- IRS schema version
- 2024v5.2
- Source object
- 202622109349301242
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