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← NORTHWEST INDIAN COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by NORTHWEST INDIAN COLLEGE FOUNDATION.

Totals

Total revenue
$591,883
Total expenses
$951,998
Contributions and grants received
$152,530
Grants paid
$594,151
Program service revenue
$0
Investment income
$434,353
Other revenue
$5,000
Total assets, end of year
$12,102,776
Total liabilities, end of year
$909,648
Net assets or fund balances, end of year
$11,193,128
Program services expenses (Part IX)
$951,998
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$951,998

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $152,530

  • 1g · Noncash contributions included above

    $10,133

  • 3 · Investment income

    total $341,171 · excluded $341,171

  • 7a · Gross sales of assets other than inventory

    securities $3,019,452

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

    securities $2,926,270

  • 7c · Gain or loss

    securities $93,182

  • 7d · Net gain or loss

    total $93,182 · excluded $93,182

  • 11a · Other revenue: OTHER INCOME

    total $5,000 · related or exempt $5,000

  • 11e · Other revenue, total

    $5,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $594,151 · program services $594,151

  • 11c · Fees: accounting

    total $31,331 · program services $31,331

  • 11f · Fees: investment management

    total $87,003 · program services $87,003

  • 11g · Fees: other

    total $117,231 · program services $117,231

  • 13 · Office expenses

    total $10,283 · program services $10,283

  • 16 · Occupancy

    total $36,121 · program services $36,121

  • 17 · Travel

    total $28,920 · program services $28,920

  • 19 · Conferences, conventions and meetings

    total $23,968 · program services $23,968

  • 24a · Other expenses: FEES & TUITION

    total $10,000 · program services $10,000

  • 24b · Other expenses: DONOR RECOGNITION EXPEN

    total $6,320 · program services $6,320

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,298 · program services $5,298

  • 24d · Other expenses: OTHER EXPENSES

    total $1,372 · program services $1,372

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,813,593 · end of year $917,476

  • 2 · Savings and temporary cash investments

    beginning of year $303,457 · end of year $855,393

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

    $212,975

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,000

  • 10c · Land, buildings and equipment, net

    beginning of year $202,975 · end of year $202,975

  • 11 · Investments: publicly traded securities

    beginning of year $9,094,958 · end of year $10,126,932

  • 17 · Accounts payable and accrued expenses

    beginning of year $600,009 · end of year $909,648

  • 28 · Net assets with donor restrictions

    beginning of year $10,814,974 · end of year $11,193,128

Mission and programs · 2023

Mission

NORTHWEST INDIAN COLLEGE FOUNDATION IS COMMITTED TO ADDRESSING THE FINANCIAL GAP OF NORTHWEST INDIAN COLLEGE (NWIC) STUDENTS, ASSIST THEM IN REALIZING THEIR GOALS, AND TO HELP THE NWIC EMPOWER TRIBAL NATIONS BY EMPOWERING THEIR MEMBERS THROUGH EDUCATION.

Activities or mission (Part I)

PROVIDE SCHOLARSHIPS AND PRESISTENCE FUNDS TO STUDENTS OF NORTHWEST INDIAN COLLEGE.

  • SCHOLARSHIPS AND PERSISTENCE FUNDS ADDRESS THE FINANCIAL GAP OF STUDENTS ATTENDING NORTHWEST INDIAN COLLEGE. SCHOLARSHIPS ARE AWARDED ON A NEED AND MERIT BASIS. PERSISTENCE FUNDS CONSIST OF TWO SEPARATE AWARDS, EMERGENCY ASSISTANCE AND ACCOUNTS RECEIVABLE (AR) HOLD AWARDS. THE PURPOSE OF EMERGENCY ASSISTANCE SCHOLARSHIPS IS TO PROVIDE IMMEDIATE SUPPORT TO STUDENTS FOR UNEXPECTED HARDSHIP. EMERGENCY ASSISTANCE CAN ASSIST WITH EXPENSES SUCH AS FOOD, HOUSING, TRANSPORTATION, CHILDCARE, AND EDUCATIONAL NEEDS DUE TO UNFORESEEN SHORT-TERM EMERGENCIES. THE AR HOLD SCHOLARSHIP IS INTENDED FOR STUDENTS WHO WANT TO CONTINUE OR RE-ENTER A PROGRAM OF STUDY BUT HAVE PAST DEBT PREVENTING REGISTRATION. THIS SUPPORT IS OFFERED SO THAT A STUDENT CAN REGISTER, ATTEND CLASSES, AND GET BACK INTO GOOD ACADEMIC STANDING TO COMPLETE THEIR DEGREE OR CERTIFICATE. AWARDS ARE MADE WITH A PREFERENCE TO NATIVE AMERICAN STUDENTS. IN TOTAL, WE AWARDED OVER 350 AWARDS WITH THESE FUNDS.

    Expenses $951,998 · Grants $594,151 · Revenue $5,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Henry Cagey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Julie Johnson

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jim Thomas

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Linda Weaver

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Justin Guillory

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Laurel Ballew

    NWIC REPRESENTATIVE (THRU 3/24)

    Total calculated
    $0
    Hours/week
    1

  • Joe Finkbonner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phillip Hillaire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Willie Jones

    DIRECTOR (THRU 11/23)

    Total calculated
    $0
    Hours/week
    1

  • Karlie Kinley

    DIRECTOR (AS OF 11/23)

    Total calculated
    $0
    Hours/week
    1

  • Rosemary Laclair

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Destiny Petroske

    NWIC REPRESENTATIVE (AS OF 3/24)

    Total calculated
    $0
    Hours/week
    1

  • Patricia Whitefoot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Candice Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leesa Wright

    DIRECTOR (THRU 11/23)

    Total calculated
    $0
    Hours/week
    1

  • Barbra Lewis

    EXECUTIVE DIRECTOR

    Total calculated
    $80,305
    From this org
    $79,029
    From related orgs
    $0
    Other
    $1,276
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $79,029
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,276
    Filer's total
    $80,305

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
EXECUTIVE DIRECTOR BARBARA LEWIS IS COMPENSATED BY NORTHWEST INDIAN COLLEGE, AN UNRELATED ORGANIZATION FOR THE SERVICES SHE PROVIDES TO THE FOUNDATION. OFFICER COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OF THE COLLEGE.

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511359349305241

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