Skip to content
Nonprofiteer
← NACDC FINANCIAL SERVICES INC

Form 990 for tax year 2024

Filed by NACDC FINANCIAL SERVICES INC.

Totals

Total revenue
$7,106,482
Total expenses
$3,705,277
Contributions and grants received
$6,234,958
Grants paid
$1,545,973
Program service revenue
$802,243
Investment income
$60,107
Other revenue
$9,174
Total assets, end of year
$21,182,559
Total liabilities, end of year
$10,743,431
Net assets or fund balances, end of year
$10,439,128
Program services expenses (Part IX)
$3,093,353
Management and general expenses
$547,670
Fundraising expenses
$64,254
Program service expenses (Part III)
$3,093,353

Program services were 83.5% 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.

  • 1e · Government grants (contributions)

    $2,675,983

  • 1f · All other contributions, gifts and grants

    $3,558,975

  • 2a · Program service revenue: Interest Income from L

    total $636,002 · related or exempt $636,002

  • 2b · Program service revenue: Fee Income

    total $166,241 · related or exempt $166,241

  • 3 · Investment income

    total $60,107 · excluded $60,107

  • 11a · Other revenue: Other Revenue

    total $9,174 · related or exempt $9,174

  • 11e · Other revenue, total

    $9,174

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,545,973 · program services $1,545,973

  • 5 · Compensation of officers, directors and key employees

    total $193,116 · management and general $193,116

  • 7 · Other salaries and wages

    total $684,115 · program services $605,289 · management and general $34,964 · fundraising $43,862

  • 9 · Other employee benefits

    total $144,203 · program services $96,760 · management and general $39,569 · fundraising $7,874

  • 10 · Payroll taxes

    total $74,578 · program services $50,042 · management and general $20,464 · fundraising $4,072

  • 11c · Fees: accounting

    total $101,551 · management and general $101,551

  • 11g · Fees: other

    total $147,771 · program services $141,378 · management and general $6,393

  • 12 · Advertising and promotion

    total $16,080 · program services $16,080

  • 13 · Office expenses

    total $132,650 · program services $94,004 · management and general $33,623 · fundraising $5,023

  • 16 · Occupancy

    total $67,126 · program services $45,121 · management and general $18,582 · fundraising $3,423

  • 17 · Travel

    total $135,651 · program services $73,252 · management and general $62,399

  • 20 · Interest

    total $177,706 · program services $177,706

  • 22 · Depreciation, depletion and amortization

    total $24,606 · program services $18,455 · management and general $6,151

  • 23 · Insurance

    total $30,858 · management and general $30,858

  • 24a · Other expenses: Loan Loss Reserve

    total $216,210 · program services $216,210

  • 24b · Other expenses: Participation Expenses

    total $13,083 · program services $13,083

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,583,353 · end of year $5,402,576

  • 2 · Savings and temporary cash investments

    beginning of year $877,934 · end of year $2,223,436

  • 3 · Pledges and grants receivable

    beginning of year $820,113 · end of year $328,473

  • 4 · Accounts receivable

    end of year $218,775

  • 7 · Other notes and loans receivable

    beginning of year $10,244,220 · end of year $12,052,001

  • 9 · Prepaid expenses and deferred charges

    end of year $3,389

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

    $921,432

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

    $112,523

  • 10c · Land, buildings and equipment, net

    beginning of year $609,252 · end of year $808,909

  • 12 · Investments: other securities

    end of year $110,000

  • 15 · Other assets

    beginning of year $219,575 · end of year $35,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $533,192 · end of year $647,888

  • 21 · Escrow or custodial account liability

    beginning of year $67,520 · end of year $68,055

  • 23 · Secured mortgages and notes payable

    beginning of year $165,387 · end of year $153,551

  • 24 · Unsecured notes and loans payable

    beginning of year $6,529,803 · end of year $9,873,937

  • 27 · Net assets without donor restrictions

    beginning of year $7,058,545 · end of year $10,439,128

Mission and programs · 2024

Mission

Provide alternative financing opportunity for Native American entrepreneurs and small businesses in communities in and near Indian Reservations.

  • NACDC Financial Services' accomplishments during 2024: Loans closed by type: 34 Credit Building Loans ($401,194), 16 Consumer Loans ($332,825), 423 Short-term Loans ($579,643), 13 Home Loan ($1,896,579), 2 Micro Business Loans ($15,000), 10 Small Business Loans ($974,005), 6 Agricultural Loans ($94,629) and 1 Artist Loan ($5,000). We provided personalized business technical assistance and counseling to 119 business owners totaling 286 hours.

    Expenses $3,093,353 · Grants $1,545,973 · Revenue $811,417

As filed on the 2024 return.

Listed in Part VII

  • Jay Marcus

    Member

    Total calculated
    $0
    Hours/week
    2

  • Luke Robinson

    Member

    Total calculated
    $0
    Hours/week
    2

  • Maria Valandra

    Member

    Total calculated
    $0
    Hours/week
    2

  • Melanie Wall

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Erik Nelson

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Roberta Harris

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Andrea Main

    Executive Director

    Total calculated
    $193,116
    From this org
    $193,116
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,920
    Bonus
    $17,640
    Other
    $17,556
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $193,116

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

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
24 January 2026
IRS schema version
2024v5.5
Source object
202600249349300305

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.