Totals
- Total revenue
- $2,071,809
- Total expenses
- $7,812,357
- Contributions and grants received
- $692
- Grants paid
- $6,500,000
- Program service revenue
- $0
- Investment income
- $2,071,117
- Other revenue
- $0
- Total assets, end of year
- $140,852,230
- Total liabilities, end of year
- $3,272,267
- Net assets or fund balances, end of year
- $137,579,963
- Program services expenses (Part IX)
- $7,588,069
- Management and general expenses
- $224,288
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,588,069
Program services were 97.1% 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
$692
-
3 · Investment income
total $2,471,007 · excluded $2,471,007
-
7a · Gross sales of assets other than inventory
securities $4,868,480
-
7b · Less cost or other basis and sales expenses
securities $5,268,370
-
7c · Gain or loss
securities -$399,890
-
7d · Net gain or loss
total -$399,890 · excluded -$399,890
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $6,500,000 · program services $6,500,000
-
11b · Fees: legal
total $86 · management and general $86
-
11c · Fees: accounting
total $16,450 · management and general $16,450
-
11f · Fees: investment management
total $197,069 · management and general $197,069
-
11g · Fees: other
total $1,088,069 · program services $1,088,069
-
23 · Insurance
total $5,488 · management and general $5,488
-
24a · Other expenses: TRAVEL
total $4,255 · management and general $4,255
-
24b · Other expenses: MEALS AND ENTERTAINMENT
total $940 · management and general $940
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,797,645 · end of year $1,498,409
-
2 · Savings and temporary cash investments
beginning of year $83,205 · end of year $173,809
-
11 · Investments: publicly traded securities
beginning of year $175,290,281 · end of year $139,180,012
-
17 · Accounts payable and accrued expenses
beginning of year $3,261,097 · end of year $3,272,267
-
28 · Net assets with donor restrictions
beginning of year $173,910,034 · end of year $137,579,963
Mission and programs · 2022
Mission
THE COBELL BOARD OF TRUSTEES WAS CREATED TO IMPLEMENT AND ADMINISTER THE COBELL SCHOLARSHIP FUND CREATED UNDER P.L. 111-291, AS A RESULT OF LITIGATION COMMONLY KNOWN AS COBELL VS. SALAZAR. THE FUND IS TO PROVIDE AND EXPAND ACADEMIC OPPORTUNITIES FOR HIGHER EDUCATION TO QUALIFYING NATIVE AMERICAN AND ALASKA NATIVE STUDENTS. THIS WILL BE ACHIEVED BY PRUDENT AND FAIR ADMINISTRATION, INVESTMENT AND DISTRIBUTION OF FUNDS FOR EDUCATIONAL SCHOLARSHIPS.
Activities or mission (Part I)
TO OVERSEE THE DISTRIBUTION OF SCHOLARSHIPS FOR NATIVE AMERICAN AND ALASKAN NATIVE STUDENTS.
-
SCHOLARSHIP DISTRIBUTION -DISTRIBUTION OF SCHOLARSHIPS TO QUALIFIYING NATIVE AMERICAN AND ALASKA NATIVE STUDENTS ATTENDING ACCREDITED NON-PROFIT, PUBLIC AND PRIVATE HIGHER EDUCATIONAL INSTITUTIONS WHO DEMONSTRATE AN UNMET NEED BASED ON SPECIFIC CRITERIA.
Expenses $7,588,069 · Grants $6,500,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Alex PearlALEX PEARL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
Turk CobellTURK COBELL
VICE CHAIRMAN & TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Pamela AgoyoPAMELA AGOYO
SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Jean O'BrienJEAN O'BRIEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 10
-
Dorothy A NasonDOROTHY A NASON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 10
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323079349303307
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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