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Nonprofiteer
← COBELL BOARD OF TRUSTEES

Form 990 for tax year 2025

Filed by COBELL BOARD OF TRUSTEES.

Totals

Total revenue
$39,815,060
Total expenses
$10,894,545
Contributions and grants received
$0
Grants paid
$8,500,797
Program service revenue
$0
Investment income
$5,272,872
Other revenue
$34,542,188
Total assets, end of year
$221,289,029
Total liabilities, end of year
$4,100
Net assets or fund balances, end of year
$221,284,929
Program services expenses (Part IX)
$10,493,797
Management and general expenses
$400,748
Fundraising expenses
$0
Program service expenses (Part III)
$10,493,797

Program services were 96.3% 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.

  • 3 · Investment income

    total $3,618,913 · excluded $3,618,913

  • 7a · Gross sales of assets other than inventory

    securities $14,019,553

  • 7b · Less cost or other basis and sales expenses

    securities $12,365,594

  • 7c · Gain or loss

    securities $1,653,959

  • 7d · Net gain or loss

    total $1,653,959 · excluded $1,653,959

  • 11a · Other revenue: SETTLEMENT PAYMENTS RECEIVED

    total $34,542,188 · related or exempt $34,542,188

  • 11e · Other revenue, total

    $34,542,188

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $8,500,797 · program services $8,500,797

  • 5 · Compensation of officers, directors and key employees

    total $100,000 · management and general $100,000

  • 11b · Fees: legal

    total $101 · management and general $101

  • 11c · Fees: accounting

    total $21,484 · management and general $21,484

  • 11f · Fees: investment management

    total $208,546 · management and general $208,546

  • 11g · Fees: other

    total $1,993,000 · program services $1,993,000

  • 13 · Office expenses

    total $43,732 · management and general $43,732

  • 16 · Occupancy

    total $45 · management and general $45

  • 17 · Travel

    total $13,888 · management and general $13,888

  • 19 · Conferences, conventions and meetings

    total $7,050 · management and general $7,050

  • 23 · Insurance

    total $5,902 · management and general $5,902

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,279,793 · end of year $337,892

  • 11 · Investments: publicly traded securities

    beginning of year $171,426,126 · end of year $220,951,137

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,100 · end of year $4,100

  • 28 · Net assets with donor restrictions

    beginning of year $175,701,819 · end of year $221,284,929

Mission and programs · 2025

Mission

THE COBELL BOARD OF TRUSTEES WAS CREATED TO IMPLEMENT AND ADMINISTER THE COBELL SCHOLARSHIP FUND CREATED UNDER P.L. 111-291, AS A RESULT OF LITIGATION COMMONLY KNOWN AS COBELL VS. SALAZAR. THE FUND IS TO PROVIDE AND EXPAND ACADEMIC OPPORTUNITIES FOR HIGHER EDUCATION TO QUALIFYING NATIVE AMERICAN AND ALASKA NATIVE STUDENTS. THIS WILL BE ACHIEVED BY PRUDENT AND FAIR ADMINISTRATION, INVESTMENT AND DISTRIBUTION OF FUNDS FOR EDUCATIONAL SCHOLARSHIPS.

Activities or mission (Part I)

TO OVERSEE THE DISTRIBUTION OF SCHOLARSHIPS FOR NATIVE AMERICAN AND ALASKAN NATIVE STUDENTS.

  • SCHOLARSHIP DISTRIBUTION -DISTRIBUTION OF SCHOLARSHIPS TO QUALIFIYING NATIVE AMERICAN AND ALASKA NATIVE STUDENTS ATTENDING ACCREDITED NON-PROFIT, PUBLIC AND PRIVATE HIGHER EDUCATIONAL INSTITUTIONS WHO DEMONSTRATE AN UNMET NEED BASED ON SPECIFIC CRITERIA.

    Expenses $10,493,797 · Grants $8,500,797 · Revenue $34,542,188

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alex Pearl

    CHAIRMAN & CEO

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Turk Cobell

    PRESIDENT & TREASURER

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Pamela Agoyo

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Jean O'Brien

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Dorothy A Nason

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
15 May 2026
IRS schema version
2025v4.1
Source object
202601359349306525

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