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← INSTITUTE OF AMERICAN INDIAN ARTS TRUST

Form 990 for tax year 2024

Filed by INSTITUTE OF AMERICAN INDIAN ARTS TRUST.

Totals

Total revenue
$5,582,328
Total expenses
$814,006
Contributions and grants received
$3,107,782
Grants paid
$690,860
Program service revenue
$0
Investment income
$2,474,546
Other revenue
$0
Total assets, end of year
$50,958,233
Total liabilities, end of year
$314,132
Net assets or fund balances, end of year
$50,644,101
Program services expenses (Part IX)
$690,860
Management and general expenses
$123,146
Fundraising expenses
$0
Program service expenses (Part III)
$690,860

Program services were 84.9% 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.

  • 1d · Related organizations

    $3,107,782

  • 3 · Investment income

    total $1,149,485 · excluded $1,149,485

  • 7a · Gross sales of assets other than inventory

    securities $3,307,241

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

    securities $1,982,180

  • 7c · Gain or loss

    securities $1,325,061

  • 7d · Net gain or loss

    total $1,325,061 · related or exempt $1,325,061

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $690,860 · program services $690,860

  • 24a · Other expenses: INVESTMENT CHARGES

    total $122,836 · management and general $122,836

  • 24b · Other expenses: GIFTS & AWARDS

    total $310 · management and general $310

Balance sheet

Part X, book values.

  • 10a · Land, buildings and equipment: cost or other basis

    $1,400,000

  • 10c · Land, buildings and equipment, net

    beginning of year $1,400,000 · end of year $1,400,000

  • 11 · Investments: publicly traded securities

    beginning of year $41,995,520 · end of year $48,567,993

  • 15 · Other assets

    beginning of year $733,090 · end of year $990,240

  • 25 · Other liabilities

    beginning of year $654,811 · end of year $314,132

  • 27 · Net assets without donor restrictions

    beginning of year $26,920,528 · end of year $32,090,686

  • 28 · Net assets with donor restrictions

    beginning of year $16,553,271 · end of year $18,553,415

Mission and programs · 2024

Mission

TO SERVE THE GENERAL CHARITABLE PURPOSES AND ACTIVITIES OF ITS RELATED ORGANIZATION: THE INSTITUTE OF AMERICAN INDIAN AND ALASKA NATIVE CULTURE AND ARTS.

  • SUPPORT FOR THE BENEFIT OF THE INSTITUTE OF AMERICAN INDIAN AND ALASKA NATIVE CULTURE AND ARTS.

    Expenses $690,860 · Grants $690,860

As filed on the 2024 return.

Listed in Part VII

  • Robert Martin Through 812025

    PRESIDENT

    Total calculated
    $241,638
    From this org
    $0
    From related orgs
    $200,459
    Other
    $41,179
    Hours/week
    2 + 40 related
  • L Mirabal Through 1242025

    VICE PRESIDENT OPERATIONS

    Total calculated
    $180,412
    From this org
    $0
    From related orgs
    $169,935
    Other
    $10,477
    Hours/week
    2 + 40 related
  • Aimee Balthazar

    VICE PRESIDENT OPERATIONS

    Total calculated
    $110,738
    From this org
    $0
    From related orgs
    $88,240
    Other
    $22,498
    Hours/week
    2 + 40 related
  • Joann Balzer

    MEMBER AT LARGE

    Total calculated
    $1,500
    From this org
    $0
    From related orgs
    $1,500
    Other
    $0
    Hours/week
    2 + 2 related
  • Manuelito Wheeler

    TRUSTEE

    Total calculated
    $1,375
    From this org
    $0
    From related orgs
    $1,375
    Other
    $0
    Hours/week
    2 + 2 related
  • Jane Semple Umpsted

    TRUSTEE

    Total calculated
    $1,250
    From this org
    $0
    From related orgs
    $1,250
    Other
    $0
    Hours/week
    2 + 2 related
  • Johnpaul Jones

    TRUSTEE

    Total calculated
    $1,125
    From this org
    $0
    From related orgs
    $1,125
    Other
    $0
    Hours/week
    2 + 2 related
  • Rose Simpson

    TRUSTEE

    Total calculated
    $1,125
    From this org
    $0
    From related orgs
    $1,125
    Other
    $0
    Hours/week
    2 + 2 related
  • Beverly Morris

    CHAIR

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

    VICE CHAIR

    Total calculated
    $875
    From this org
    $0
    From related orgs
    $875
    Other
    $0
    Hours/week
    2 + 2 related
  • Charles Galbraith

    TREASURER

    Total calculated
    $875
    From this org
    $0
    From related orgs
    $875
    Other
    $0
    Hours/week
    2 + 2 related
  • Andrea Burgess

    TRUSTEE

    Total calculated
    $750
    From this org
    $0
    From related orgs
    $750
    Other
    $0
    Hours/week
    2 + 2 related
  • C Matthew Snipp

    TRUSTEE

    Total calculated
    $625
    From this org
    $0
    From related orgs
    $625
    Other
    $0
    Hours/week
    2 + 2 related
  • Madeline Fielding Sayet

    SECRETARY

    Total calculated
    $250
    From this org
    $0
    From related orgs
    $250
    Other
    $0
    Hours/week
    2 + 2 related
  • Lily Hope

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Karl Duncan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 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.

Schedule J

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • Robert Martin Through 812025 Dr

    PRESIDENT

    Schedule J breakdown

    Base
    not reported + $167,223 related
    Bonus
    not reported + $15,236 related
    Other
    not reported + $18,000 related
    Deferred
    not reported + $40,068 related
    Nontaxable benefits
    not reported + $1,111 related
    Filer's total
    not reported + $241,638 related
  • Lawrence Mirabal Through 1242025

    VICE PRESIDENT OPERATIONS

    Schedule J breakdown

    Base
    not reported + $164,021 related
    Bonus
    not reported + $5,914 related
    Other
    not reported
    Deferred
    not reported + $9,841 related
    Nontaxable benefits
    not reported + $636 related
    Filer's total
    not reported + $180,412 related

Answered yes

None.

Answered no

  • 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

  • IAIA

    $690,860

    SCHOLARSHIPS

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 July 2026
IRS schema version
2024v5.2
Source object
202621949349301672

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