Form 990 for tax year 2022
Filed by INSTITUTE OF AMERICAN INDIAN ARTS FOUNDATION.
Totals
- Total revenue
- $6,128,636
- Total expenses
- $5,891,135
- Contributions and grants received
- $6,113,307
- Grants paid
- $5,616,254
- Program service revenue
- $0
- Investment income
- $1,083
- Other revenue
- $14,246
- Total assets, end of year
- $2,080,077
- Total liabilities, end of year
- $464,976
- Net assets or fund balances, end of year
- $1,615,101
- Program services expenses (Part IX)
- $5,819,482
- Management and general expenses
- $71,653
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,819,482
Program services were 98.8% 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
$515,173
-
1f · All other contributions, gifts and grants
$5,598,134
-
1g · Noncash contributions included above
$148,732
-
3 · Investment income
total $1,083 · excluded $1,083
-
8a · Fundraising events: gross income
$136,703
-
8a · Fundraising events: contributions included on line 1c
$515,173
-
8b · Fundraising events: direct expenses
$122,457
-
8c · Net income from fundraising events
total $14,246 · excluded $14,246
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,616,254 · program services $5,616,254
-
11c · Fees: accounting
total $7,650 · management and general $7,650
-
11g · Fees: other
total $9,179 · management and general $9,179
-
12 · Advertising and promotion
total $23,065 · management and general $23,065
-
13 · Office expenses
total $6,982 · management and general $6,982
-
14 · Information technology
total $558 · management and general $558
-
17 · Travel
total $761 · management and general $761
-
19 · Conferences, conventions and meetings
total $3,861 · management and general $3,861
-
23 · Insurance
total $1,395 · management and general $1,395
-
24a · Other expenses: IN-KIND EXPENSE
total $203,228 · program services $203,228
-
24b · Other expenses: BANK FEES
total $18,190 · management and general $18,190
-
24c · Other expenses: TAXES AND LICENSES
total $12 · management and general $12
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,369,313 · end of year $1,053,853
-
3 · Pledges and grants receivable
end of year $960,162
-
15 · Other assets
beginning of year $129,867 · end of year $66,062
-
17 · Accounts payable and accrued expenses
end of year $1,558
-
25 · Other liabilities
beginning of year $973,035 · end of year $463,418
-
27 · Net assets without donor restrictions
beginning of year $526,145 · end of year $1,615,101
Mission and programs · 2022
Mission
TO SUPPORT THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE INSTITUTE OF AMERICAN AND ALASKA NATIVE CULTURE AND ARTS DEVELOPMENT, ALSO KNOWN AS INSTITUTE OF AMERICAN INDIAN ARTS.
-
PROVIDE SUPPORT FOR THE INSTITUTE OF AMERICAN INDIAN AND ALASKA NATIVE CULTURE AND ARTS DEVELOPMENT, ALSO KNOWN AS INSTITUTE OF AMERICAN INDIAN ARTS.
Expenses $5,819,482 · Grants $5,616,254
As filed on the 2022 return.
Listed in Part VII
-
Suzette ShermanSUZETTE SHERMAN
EXECUTIVE DIRECTOR
- Total calculated
- $97,817
- From this org
- $0
- From related orgs
- $97,817
- Other
- $0
- Hours/week
- 40
-
Jane FrankJANE FRANK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Connie Tsosie GaussoinCONNIE TSOSIE GAUSSOIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lorraine Gala LewisLORRAINE GALA LEWIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Edward GaleEDWARD GALE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MONTE YELLOW BIRD Jr
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael PettitMICHAEL PETTIT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Cheryl Demmert FairbanksCHERYL DEMMERT FAIRBANKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mark BahtiMARK BAHTI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jean McIntoshJEAN MCINTOSH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
David RettigDAVID RETTIG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Peter IvesPETER IVES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Stockton ColtSTOCKTON COLT
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Gail Shawe BernsteinGAIL SHAWE BERNSTEIN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Lea Ann KnightLEA ANN KNIGHT
TREASURER
- Total calculated
- $0
- Hours/week
- 2
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
-
$5,616,254
TO PROVIDE SUPPORT TO THE INSTITUTE
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501c3 · SUPPORT FOR THE IAIA · NM
-
501c3 · AMERICAN INDIAN ARTS EDUCATION & INSTRUCTION · NM
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440469349300029
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