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Nonprofiteer
← CHEROKEE PRESERVATION FOUNDATION INC

Form 990 for tax year 2024

Filed by CHEROKEE PRESERVATION FOUNDATION INC.

Totals

Total revenue
$9,791,468
Total expenses
$7,064,310
Contributions and grants received
$7,500,000
Grants paid
$5,611,882
Program service revenue
$0
Investment income
$2,291,468
Other revenue
$0
Total assets, end of year
$70,707,943
Total liabilities, end of year
$77,166
Net assets or fund balances, end of year
$70,630,777
Program services expenses (Part IX)
$6,723,618
Management and general expenses
$340,692
Fundraising expenses
$0
Program service expenses (Part III)
$6,723,618

Program services were 95.2% 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

    $7,500,000

  • 3 · Investment income

    total $2,291,468 · related or exempt $2,291,468

  • 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 $5,611,882 · program services $5,611,882

  • 5 · Compensation of officers, directors and key employees

    total $827,642 · program services $662,114 · management and general $165,528

  • 8 · Pension plan contributions

    total $78,601 · program services $62,881 · management and general $15,720

  • 9 · Other employee benefits

    total $214,661 · program services $171,729 · management and general $42,932

  • 11c · Fees: accounting

    total $51,000 · management and general $51,000

  • 11g · Fees: other

    total $79,596 · program services $62,774 · management and general $16,822

  • 13 · Office expenses

    total $18,330 · program services $14,664 · management and general $3,666

  • 14 · Information technology

    total $16,018 · program services $12,814 · management and general $3,204

  • 16 · Occupancy

    total $96,250 · program services $77,001 · management and general $19,249

  • 19 · Conferences, conventions and meetings

    total $39,463 · program services $31,571 · management and general $7,892

  • 22 · Depreciation, depletion and amortization

    total $14,137 · program services $1,428 · management and general $12,709

  • 23 · Insurance

    total $8,915 · program services $7,132 · management and general $1,783

  • 24a · Other expenses: MISCELLANEOUS

    total $187 · management and general $187

  • 24b · Other expenses: REGISTRATION DUES & SUBSCR

    total $7,628 · program services $7,628

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,071,238 · end of year $11,514,676

  • 9 · Prepaid expenses and deferred charges

    beginning of year $139,228 · end of year $116,858

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

    $535,089

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

    $171,101

  • 10c · Land, buildings and equipment, net

    beginning of year $357,076 · end of year $363,988

  • 11 · Investments: publicly traded securities

    beginning of year $53,075,000 · end of year $58,712,421

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,834 · end of year $42,590

  • 18 · Grants payable

    beginning of year $19,317 · end of year $34,576

  • 27 · Net assets without donor restrictions

    beginning of year $64,574,391 · end of year $70,630,777

Mission and programs · 2024

Mission

TO PROTECT AND PRESERVE OUR NATIVE CULTURE. ENHANCE THE QUALITY OF LIFE AND THE OVERALL WELL-BEING OF THE LIVES OF THE EASTERN BAND OF CHEROKEE INDIANS (EBCI) AND OUR NEIGHBORS IN WESTERN NORTH CAROLINA.

  • THE CHEROKEE PRESERVATION FOUNDATION IS A 501(C)(3) PUBLICLY SUPPORTED ORGANIZATION THAT ACCOMPLISHES ITS EXEMPT PURPOSE AND MISSION AS A GRANTMAKER, CONVENER, PARTNERSHIP BROKER AND COMMUNITY BUILDER. PLEASE SEE OUR EXTENDED STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS IN SCHEDULE O. THE ORGANIZATION MAINTAINS AND PRESERVES A COLLECTION OF CULTURAL ARTWORK FOR FUTURE GENERATIONS TO ENJOY.

    Expenses $6,723,618 · Grants $5,611,882 · Revenue $7,500,000

As filed on the 2024 return.

Listed in Part VII

  • Bobbie Raines

    EXECUTIVE DIRECTOR

    Total calculated
    $325,091
    From this org
    $295,537
    From related orgs
    $0
    Other
    $29,554
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    $56,558
    Other
    $58,979
    Deferred
    not reported
    Nontaxable benefits
    $29,554
    Filer's total
    $325,091

  • Ty Boyd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Debora Forest

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Janell Rattler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richie Sneed

    EBCI PRINCIPAL CHIEF

    Total calculated
    $0
    Hours/week
    1

  • Catcuce Tiger

    BOARD MEMBER-CHIEF APOINTED

    Total calculated
    $0
    Hours/week
    1

  • Melissa Smith

    BOARD MEMBER-CHIEF APPOINTED

    Total calculated
    $0
    Hours/week
    1

  • April Ross

    BOARD MEMBER-RNSCHOOL NURSE

    Total calculated
    $0
    Hours/week
    1

  • David Anderson

    BOARD MEMBER-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Louise Goings

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard French

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

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

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
15 August 2026
IRS schema version
2024v5.2
Source object
202602279349300105

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