Skip to content
Nonprofiteer
← AMERICAN INDIAN COLLEGE FUND

Form 990 for tax year 2024

Filed by AMERICAN INDIAN COLLEGE FUND.

Totals

Total revenue
$66,504,283
Total expenses
$62,846,628
Contributions and grants received
$59,994,995
Grants paid
$38,385,304
Program service revenue
$68,731
Investment income
$6,703,583
Other revenue
-$263,026
Total assets, end of year
$215,085,677
Total liabilities, end of year
$3,892,123
Net assets or fund balances, end of year
$211,193,554
Program services expenses (Part IX)
$47,685,491
Management and general expenses
$3,000,531
Fundraising expenses
$12,160,606
Program service expenses (Part III)
$47,685,491

Program services were 75.9% 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.

  • 1c · Fundraising events

    $124,047

  • 1f · All other contributions, gifts and grants

    $59,870,948

  • 1g · Noncash contributions included above

    $9,562,528

  • 2f · All other program service revenue

    total $68,731 · related or exempt $68,731

  • 3 · Investment income

    total $6,348,820 · excluded $6,348,820

  • 7a · Gross sales of assets other than inventory

    securities $23,897,707

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

    securities $23,542,944

  • 7c · Gain or loss

    securities $354,763

  • 7d · Net gain or loss

    total $354,763 · excluded $354,763

  • 8a · Fundraising events: gross income

    $233,819

  • 8a · Fundraising events: contributions included on line 1c

    $124,047

  • 8b · Fundraising events: direct expenses

    $496,845

  • 8c · Net income from fundraising events

    total -$263,026 · excluded -$263,026

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,887,686 · program services $13,887,686

  • 2 · Grants to domestic individuals

    total $24,497,618 · program services $24,497,618

  • 5 · Compensation of officers, directors and key employees

    total $849,776 · program services $416,223 · management and general $282,053 · fundraising $151,500

  • 7 · Other salaries and wages

    total $6,852,090 · program services $3,911,393 · management and general $934,080 · fundraising $2,006,617

  • 10 · Payroll taxes

    total $1,548,865 · program services $865,727 · management and general $247,560 · fundraising $435,578

  • 11e · Fees: professional fundraising services

    total $217,487 · fundraising $217,487

  • 11f · Fees: investment management

    total $495,465 · management and general $495,465

  • 11g · Fees: other

    total $2,333,719 · program services $1,379,909 · management and general $202,897 · fundraising $750,913

  • 12 · Advertising and promotion

    total $8,768,050 · program services $1,277,356 · fundraising $7,490,694

  • 13 · Office expenses

    total $373,875 · program services $60,625 · management and general $20,872 · fundraising $292,378

  • 14 · Information technology

    total $852,551 · program services $370,471 · management and general $39,383 · fundraising $442,697

  • 16 · Occupancy

    total $138,762 · program services $79,071 · management and general $22,883 · fundraising $36,808

  • 17 · Travel

    total $840,814 · program services $625,406 · management and general $59,449 · fundraising $155,959

  • 19 · Conferences, conventions and meetings

    total $233,896 · program services $13,676 · management and general $212,219 · fundraising $8,001

  • 22 · Depreciation, depletion and amortization

    total $206,389 · program services $120,978 · management and general $30,958 · fundraising $54,453

  • 23 · Insurance

    total $113,400 · program services $65,772 · management and general $17,010 · fundraising $30,618

  • 24a · Other expenses: BANK CHARGES

    total $259,939 · management and general $259,939

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $221,438 · program services $82,147 · management and general $136,793 · fundraising $2,498

  • 24c · Other expenses: PUBLICATIONS, DUES & SU

    total $71,594 · program services $26,069 · management and general $19,665 · fundraising $25,860

  • 24e · All other expenses

    total $83,214 · program services $5,364 · management and general $19,305 · fundraising $58,545

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,448,744 · end of year $8,899,000

  • 3 · Pledges and grants receivable

    beginning of year $14,167,869 · end of year $18,468,055

  • 4 · Accounts receivable

    beginning of year $23,305 · end of year $7,849

  • 9 · Prepaid expenses and deferred charges

    beginning of year $625,439 · end of year $241,752

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

    $3,570,756

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

    $2,139,299

  • 10c · Land, buildings and equipment, net

    beginning of year $1,414,352 · end of year $1,431,457

  • 11 · Investments: publicly traded securities

    beginning of year $162,247,918 · end of year $166,760,869

  • 12 · Investments: other securities

    beginning of year $16,291,350 · end of year $18,410,966

  • 15 · Other assets

    beginning of year $808,838 · end of year $865,729

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,395,751 · end of year $3,085,511

  • 25 · Other liabilities

    beginning of year $759,676 · end of year $806,612

  • 27 · Net assets without donor restrictions

    beginning of year $60,023,301 · end of year $61,862,399

  • 28 · Net assets with donor restrictions

    beginning of year $138,849,087 · end of year $149,331,155

Mission and programs · 2024

Mission

THE AMERICAN INDIAN COLLEGE FUND INVESTS IN NATIVE STUDENTS AND TRIBAL COLLEGE EDUCATION TO TRANSFORM LIVES AND COMMUNITIES.

Activities or mission (Part I)

THE COLLEGE FUND PROVIDES SCHOLARSHIPS TO THOUSANDS OF AMERICAN INDIAN STUDENTS ANNUALLY.

  • SCHOLARSHIPS AND GRANTS - PLEASE SEE SCHEDULE O FOR COMPLETE DESCRIPTION.

    Expenses $44,456,457 · Grants $38,385,304

  • PUBLIC EDUCATION - PLEASE SEE SCHEDULE O FOR COMPLETE DESCRIPTION.

    Expenses $3,229,034 · Revenue $68,731

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Leander McDonald

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Twyla Baker

    1ST VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Duane Bedell

    2ND VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bill Parker

    TRUSTEE/MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Ashley Hubka

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kathy Baird

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dan King

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nicole Bellefeuille

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Holly Lunsford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sean Chandler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Oltrogge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eva Flying

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brenda Toineeta Pipestem

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dawn Frank

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Monte Randall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Meredith Vaughan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dawson Her Many Horses

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charles Roessel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Crazy Bull

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $429,924
    From this org
    $370,135
    From related orgs
    $0
    Other
    $59,789
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,796
    Bonus
    $39,339
    Other
    $0
    Deferred
    $45,680
    Nontaxable benefits
    $14,109
    Filer's total
    $429,924

  • Tamela A Miller-Carlson

    TREASURER/CHIEF FINANCIAL OFFICER

    Total calculated
    $270,100
    From this org
    $233,447
    From related orgs
    $0
    Other
    $36,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,424
    Bonus
    $11,023
    Other
    $0
    Deferred
    $16,566
    Nontaxable benefits
    $20,087
    Filer's total
    $270,100

  • Carrie Basgall

    SECRETARY/EXEC ASST TO PRES.

    Total calculated
    $115,496
    From this org
    $88,824
    From related orgs
    $0
    Other
    $26,672
    Hours/week
    40

  • Nancy Jo Houk

    CHIEF MARKETING & DEV. OFFICER

    Total calculated
    $254,950
    From this org
    $237,168
    From related orgs
    $0
    Other
    $17,782
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,130
    Bonus
    $11,038
    Other
    $0
    Deferred
    $10,912
    Nontaxable benefits
    $6,870
    Filer's total
    $254,950

  • David Sanders

    VP RESEARCH & EVALUATION

    Total calculated
    $238,941
    From this org
    $200,968
    From related orgs
    $0
    Other
    $37,973
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,326
    Bonus
    $9,642
    Other
    $0
    Deferred
    $14,501
    Nontaxable benefits
    $23,472
    Filer's total
    $238,941

  • Emily White Hat

    VICE PRESIDENT PROGRAMS

    Total calculated
    $212,704
    From this org
    $193,189
    From related orgs
    $0
    Other
    $19,515
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,552
    Bonus
    $10,637
    Other
    $0
    Deferred
    $12,644
    Nontaxable benefits
    $6,870
    Filer's total
    $212,703

  • Jamie Schwartz

    DIRECTOR OF MAJOR GIFTS

    Total calculated
    $143,871
    From this org
    $129,486
    From related orgs
    $0
    Other
    $14,385
    Hours/week
    40

  • Tiffany Gusbeth

    VP STUDENT SUCCESS SERVICES

    Total calculated
    $205,299
    From this org
    $191,654
    From related orgs
    $0
    Other
    $13,645
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,025
    Bonus
    $10,629
    Other
    $0
    Deferred
    $13,645
    Nontaxable benefits
    $0
    Filer's total
    $205,299

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 · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION PAYS DUES TOTALING $24 PER MONTH FOR ITS EMPLOYEES, WHICH ARE INCLUDED IN TAXABLE WAGES FOR THE EMPLOYEES.
PART I, LINE 7
THE ORGANIZATION ANNUALLY REVIEWS THE PERFORMANCES OF ITS EMPLOYEES TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. DURING CALENDAR YEAR ENDED DECEMBER 31, 2024, BONUSES WERE AWARDED BASED ON REVIEW OF EACH INDIVIDUAL'S PERFORMANCE AND SERVICES TO THE ORGANIZATION.

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
3 November 2025
IRS schema version
2024v5.2
Source object
202533079349301933

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.