Totals
- Total revenue
- $2,636,239
- Total expenses
- $1,747,904
- Contributions and grants received
- $2,120,444
- Grants paid
- $0
- Program service revenue
- $533,681
- Investment income
- -$18,296
- Other revenue
- $410
- Total assets, end of year
- $11,495,161
- Total liabilities, end of year
- $1,098,825
- Net assets or fund balances, end of year
- $10,396,336
- Program services expenses (Part IX)
- $1,379,812
- Management and general expenses
- $368,092
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,379,812
Program services were 78.9% 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.
-
1e · Government grants (contributions)
$1,065,523
-
1f · All other contributions, gifts and grants
$1,054,921
-
2a · Program service revenue: INTEREST ON LOANS
total $391,242 · related or exempt $391,242
-
2b · Program service revenue: LOAN FEES
total $45,729 · related or exempt $45,729
-
2c · Program service revenue: PROGRAM REVENUES
total $44,441 · related or exempt $44,441
-
2d · Program service revenue: TRAINING PROGRAMS
total $34,251 · related or exempt $34,251
-
2e · Program service revenue: SALES
total $7,000 · related or exempt $7,000
-
2f · All other program service revenue
total $11,018 · related or exempt $11,018
-
3 · Investment income
total $20,275 · excluded $20,275
-
7a · Gross sales of assets other than inventory
other assets $15,000
-
7b · Less cost or other basis and sales expenses
other assets $53,571
-
7c · Gain or loss
other assets -$38,571
-
7d · Net gain or loss
total -$38,571 · excluded -$38,571
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $410 · excluded $410
-
11e · Other revenue, total
$410
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $300,435 · program services $210,925 · management and general $89,510
-
7 · Other salaries and wages
total $551,160 · program services $440,943 · management and general $110,217
-
8 · Pension plan contributions
total $30,625 · program services $24,379 · management and general $6,246
-
9 · Other employee benefits
total $65,238 · program services $47,561 · management and general $17,677
-
10 · Payroll taxes
total $57,230 · program services $42,922 · management and general $14,308
-
11b · Fees: legal
total $9,197 · program services $7,817 · management and general $1,380
-
11c · Fees: accounting
total $38,279 · program services $32,537 · management and general $5,742
-
11g · Fees: other
total $167,017 · program services $83,539 · management and general $83,478
-
12 · Advertising and promotion
total $72,571 · program services $72,571
-
13 · Office expenses
total $35,366 · program services $31,092 · management and general $4,274
-
14 · Information technology
total $35,331 · program services $30,031 · management and general $5,300
-
16 · Occupancy
total $11,655 · program services $9,907 · management and general $1,748
-
17 · Travel
total $78,669 · program services $66,869 · management and general $11,800
-
19 · Conferences, conventions and meetings
total $51,586 · program services $43,848 · management and general $7,738
-
22 · Depreciation, depletion and amortization
total $48,872 · program services $41,541 · management and general $7,331
-
23 · Insurance
total $4,452 · program services $3,784 · management and general $668
-
24a · Other expenses: TRAINING PROGRAM EXPENSE
total $180,669 · program services $180,669
-
24b · Other expenses: LOAN LOSS PROVISION
total $5,048 · program services $5,048
-
24e · All other expenses
total $4,504 · program services $3,829 · management and general $675
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,541,951 · end of year $4,874,404
-
2 · Savings and temporary cash investments
beginning of year $236,446 · end of year $186,437
-
4 · Accounts receivable
beginning of year $95,132 · end of year $69,052
-
6 · Loans and receivables from disqualified persons
beginning of year $64,615 · end of year $55,466
-
8 · Inventories for sale or use
beginning of year $2,750 · end of year $14,958
-
10a · Land, buildings and equipment: cost or other basis
$106,950
-
10b · Land, buildings and equipment: accumulated depreciation
$106,950
-
10c · Land, buildings and equipment, net
beginning of year $216
-
11 · Investments: publicly traded securities
beginning of year $480,088 · end of year $511,312
-
13 · Investments: program-related
beginning of year $6,398,155 · end of year $5,783,532
-
14 · Intangible assets
beginning of year $102,227
-
17 · Accounts payable and accrued expenses
beginning of year $2,191 · end of year $3,586
-
19 · Deferred revenue
beginning of year $880,336 · end of year $568,478
-
25 · Other liabilities
beginning of year $542,703 · end of year $526,761
-
27 · Net assets without donor restrictions
beginning of year $9,249,341 · end of year $9,085,851
-
28 · Net assets with donor restrictions
beginning of year $247,009 · end of year $1,310,485
Mission and programs · 2023
Mission
THE ORGANIZATION SERVES ECONOMIC AND SOCIAL IMPROVEMENT OF THE EASTERN BAND OF CHEROKEE INDIANS.
-
THE SEQUOYAH FUND WORKS TO SERVE ECONOMIC AND SOCIAL IMPROVEMENT OF THE EASTERN BAND OF CHEROKEE INDIANS. THE ORGANIZATION SUPPORTS NEW BUSINESS START-UPS, BUSINESS EXPANSION, AND OVERALL COMMUNITY DEVELOPMENT IN THE SEVEN FAR WESTERN COUNTIES OF NORTH CAROLINA AND ON THE QUALLA BOUNDARY. THE ORGANIZATION ALSO PROVIDES BUSINESS TRAINING AND TECHNICAL ASSISTANCE TO BUSINESS OWNERS THROUGH WORKSHOPS AND CLASSES.
Expenses $1,379,812 · Revenue $533,681
As filed on the 2023 return.
Listed in Part VII
-
M Eddie SwimmerM EDDIE SWIMMER
PRESIDENT
- Total calculated
- $4,100
- From this org
- $4,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Ray RoseRAY ROSE
VICE PRESIDE
- Total calculated
- $5,600
- From this org
- $5,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Jimmy BurnsJIMMY BURNS
TREASURER
- Total calculated
- $6,600
- From this org
- $6,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Tonya CarrollTONYA CARROLL
SECRETARY
- Total calculated
- $7,219
- From this org
- $7,219
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Megan BrownMEGAN BROWN
BOARD MEMBER
- Total calculated
- $4,000
- From this org
- $4,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Michell HicksMICHELL HICKS
BOARD MEMBER
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Keyonna HornbuckleKEYONNA HORNBUCKLE
BOARD MEMBER
- Total calculated
- $5,800
- From this org
- $5,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Maggie JacksonMAGGIE JACKSON
BOARD MEMBER
- Total calculated
- $5,500
- From this org
- $5,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Bradley LettsBRADLEY LETTS
BOARD MEMBER
- Total calculated
- $5,500
- From this org
- $5,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Julie E PainterJULIE E PAINTER
BOARD MEMBER
- Total calculated
- $6,040
- From this org
- $6,040
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Russ SeagleRUSS SEAGLE
EXECUTIVE DI
- Total calculated
- $177,547
- From this org
- $149,416
- From related orgs
- $0
- Other
- $28,131
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,416
- Bonus
- not reported
- Other
- not reported
- Deferred
- $14,464
- Nontaxable benefits
- $13,667
- Filer's total
- $177,547
-
Ashford SmithASHFORD SMITH
CFO
- Total calculated
- $61,616
- From this org
- $57,808
- From related orgs
- $0
- Other
- $3,808
- Hours/week
- 40
-
Amber H HuskeyAMBER H HUSKEY
COO
- Total calculated
- $121,224
- From this org
- $103,923
- From related orgs
- $0
- Other
- $17,301
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431809349300518
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