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 812025ROBERT 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 1242025L 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 BalthazarAIMEE 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 BalzerJOANN 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 WheelerMANUELITO WHEELER
TRUSTEE
- Total calculated
- $1,375
- From this org
- $0
- From related orgs
- $1,375
- Other
- $0
- Hours/week
- 2 + 2 related
-
Jane Semple UmpstedJANE SEMPLE UMPSTED
TRUSTEE
- Total calculated
- $1,250
- From this org
- $0
- From related orgs
- $1,250
- Other
- $0
- Hours/week
- 2 + 2 related
-
Johnpaul JonesJOHNPAUL JONES
TRUSTEE
- Total calculated
- $1,125
- From this org
- $0
- From related orgs
- $1,125
- Other
- $0
- Hours/week
- 2 + 2 related
-
Rose SimpsonROSE SIMPSON
TRUSTEE
- Total calculated
- $1,125
- From this org
- $0
- From related orgs
- $1,125
- Other
- $0
- Hours/week
- 2 + 2 related
-
Beverly MorrisBEVERLY MORRIS
CHAIR
- Total calculated
- $1,000
- From this org
- $0
- From related orgs
- $1,000
- Other
- $0
- Hours/week
- 2 + 2 related
-
Loren KieveLOREN KIEVE
VICE CHAIR
- Total calculated
- $875
- From this org
- $0
- From related orgs
- $875
- Other
- $0
- Hours/week
- 2 + 2 related
-
Charles GalbraithCHARLES GALBRAITH
TREASURER
- Total calculated
- $875
- From this org
- $0
- From related orgs
- $875
- Other
- $0
- Hours/week
- 2 + 2 related
-
Andrea BurgessANDREA BURGESS
TRUSTEE
- Total calculated
- $750
- From this org
- $0
- From related orgs
- $750
- Other
- $0
- Hours/week
- 2 + 2 related
-
C Matthew SnippC MATTHEW SNIPP
TRUSTEE
- Total calculated
- $625
- From this org
- $0
- From related orgs
- $625
- Other
- $0
- Hours/week
- 2 + 2 related
-
Madeline Fielding SayetMADELINE FIELDING SAYET
SECRETARY
- Total calculated
- $250
- From this org
- $0
- From related orgs
- $250
- Other
- $0
- Hours/week
- 2 + 2 related
-
Lily HopeLILY HOPE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Karl DuncanKARL 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 DrROBERT 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 1242025LAWRENCE 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.
-
501C3 · EDUCATIONAL SERVICES · NM
-
501C3 · SUPPORT FOR THE IAIA · NM
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 July 2026
- IRS schema version
- 2024v5.2
- Source object
- 202621949349301672
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