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Nonprofiteer
← NDN FUND

Form 990 for tax year 2023

Filed by NDN FUND.

Totals

Total revenue
$1,727,569
Total expenses
$1,320,162
Contributions and grants received
$1,460,591
Grants paid
$0
Program service revenue
$0
Investment income
$256,502
Other revenue
$10,476
Total assets, end of year
$11,660,154
Total liabilities, end of year
$9,745,559
Net assets or fund balances, end of year
$1,914,595
Program services expenses (Part IX)
$1,059,495
Management and general expenses
$260,667
Fundraising expenses
$0
Program service expenses (Part III)
$1,059,495

Program services were 80.3% 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.

  • 1d · Related organizations

    $1,200,000

  • 1f · All other contributions, gifts and grants

    $260,591

  • 3 · Investment income

    total $256,502 · excluded $256,502

  • 11a · Other revenue: PRESENTATION/APPEARANC

    total $10,000 · related or exempt $10,000

  • 11d · All other revenue

    total $476 · excluded $476

  • 11e · Other revenue, total

    $10,476

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $345,993 · program services $279,018 · management and general $66,975

  • 7 · Other salaries and wages

    total $200,618 · program services $162,463 · management and general $38,155

  • 8 · Pension plan contributions

    total $16,248 · program services $12,337 · management and general $3,911

  • 9 · Other employee benefits

    total $103,529 · program services $78,611 · management and general $24,918

  • 10 · Payroll taxes

    total $37,978 · program services $27,914 · management and general $10,064

  • 11b · Fees: legal

    total $5,368 · program services $5,368

  • 11c · Fees: accounting

    total $7,225 · management and general $7,225

  • 11g · Fees: other

    total $293,551 · program services $207,667 · management and general $85,884

  • 13 · Office expenses

    total $6,197 · program services $6,008 · management and general $189

  • 14 · Information technology

    total $27,856 · program services $27,616 · management and general $240

  • 16 · Occupancy

    total $10,700 · program services $6,500 · management and general $4,200

  • 17 · Travel

    total $67,486 · program services $67,454 · management and general $32

  • 19 · Conferences, conventions and meetings

    total $8,653 · program services $8,653

  • 20 · Interest

    total $122,206 · program services $122,206

  • 23 · Insurance

    total $18,578 · management and general $18,578

  • 24a · Other expenses: SPONSORSHIPS

    total $13,095 · program services $13,095

  • 24e · All other expenses

    total $34,881 · program services $34,585 · management and general $296

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,900,600 · end of year $5,113,806

  • 2 · Savings and temporary cash investments

    end of year $101,685

  • 4 · Accounts receivable

    beginning of year $1,201,105 · end of year $606,711

  • 7 · Other notes and loans receivable

    beginning of year $3,824,776 · end of year $5,520,334

  • 9 · Prepaid expenses and deferred charges

    end of year $131,046

  • 15 · Other assets

    beginning of year $150,342 · end of year $186,572

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,635 · end of year $1,203,892

  • 23 · Secured mortgages and notes payable

    beginning of year $8,375,000 · end of year $8,541,667

  • 27 · Net assets without donor restrictions

    beginning of year $1,007,188 · end of year $1,614,595

  • 28 · Net assets with donor restrictions

    beginning of year $600,000 · end of year $300,000

Mission and programs · 2023

Mission

TO INCREASE ACCESS TO CAPITAL AND PUT RESOURCES INTO NATIVE CHANGE-MAKERS, COMMUNITY DEVELOPERS AND SOVEREIGN NATIONS.

Activities or mission (Part I)

TO PROVIDE FINANCING FOR PREDEVELOPMENT, BRIDGE, AND LARGE SCALE INDIGENOUS REGENERATIVE DEVELOPMENT PROJECTS THAT DRAMATICALLY SCALE UP INVESTMENT AND SHIFT ALL DECISION-MAKING POWER TO INDIGENOUS PEOPLES.

  • TO INCREASE ACCESS TO CAPITAL AND PUT RESOURCES INTO NATIVE CHANGE-MAKERS, COMMUNITY DEVELOPERS AND SOVEREIGN NATIONS.

    Expenses $1,059,495 · Revenue $10,000

As filed on the 2023 return.

Listed in Part VII

  • Melina Laboucan-Massimo

    CHAIR

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    1 + 1 related

  • Princess Daazhraii Johnson

    VICE CHAIR

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    1 + 1 related

  • Chrystel Cornelius

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Judith Le Blanc

    BOARD MEMBER

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    1 + 2 related

  • Kimberly Pate

    MANAGING DIRECTOR

    Total calculated
    $223,828
    From this org
    $0
    From related orgs
    $200,618
    Other
    $23,210
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,737 related
    Bonus
    $0 + $881 related
    Other
    $0
    Deferred
    $0 + $11,966 related
    Nontaxable benefits
    $0 + $11,244 related
    Filer's total
    $0 + $223,828 related

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 survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
ANNUAL BONUSES ARE DECIDED AT YEAR-END AT THE PRESIDENT & CEO'S DISCRETION BASED ON REVENUE PERFORMANCE. ALL EMPLOYEES RECEIVE THE SAME NET AMOUNT AFTER TAXES AND OTHER WITHHOLDINGS.

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.

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.

  • NDN COLLECTIVE

    501(C)(3) · TO BUILD A COLLECTIVE POWER OF INDIGENOUS PEOPLES · SD

  • NDN ACTION NETWORK

    501(C)(4) · TO PROMOTE SOCIAL WELFARE · SD

    Directly controlled by NDN COLLECTIVE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NDN HOLDINGS

    TO MAINTAIN REAL ESTATE HOLDINGS AND ASSETS · SD · income $0 · assets $0

    Directly controlled by NDN COLLECTIVE

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349317858

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