BETA

COBELL BOARD OF TRUSTEES: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
COBELL BOARD OF TRUSTEES (EIN 47-1589441)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-15
IRS object ID
201701359349305725
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-05-15T13:10:57-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN770051130PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ABBOTT STRINGHAM & LYNCHBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11530 MERIDIAN AVE 2ND FLRAddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP95125ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471589441EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COBELL BOARD OF TRUSTEESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCOBEBusinessNameControlTxt
Phone7024290203PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1555 13TH STREET NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20004ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTURK COBELLPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7024290203PhoneNum
Signature2017-05-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHEBA B DALANEYPreparerPersonNm
PTINP00351252PTIN
Phone4083778700PhoneNum
Preparation2017-05-11PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address12.217.167.66IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-05-11IPDt
IP Tm16:37:39IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id4F72E0DB1F6FFD53C8CE67262249EDE027C95480AtSubmissionCreationDeviceId
At Submission Filing Device Id4F72E0DB1F6FFD53C8CE67262249EDE027C95480AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTURK COBELLPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1555 13TH STREET NWAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20004ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$20,380,254GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.COBELLSCHOLAR.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionTO PROVIDE OVERSIGHT OF THE COBELL SCHOLARSHIP FUND FOR NATIVE AMERICAN AND ALASKA NATIVE STUDENTS.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$306,899PYInvestmentIncomeAmt
CY Investment Income$661,657CYInvestmentIncomeAmt
PY Other Revenue$29,624,820PYOtherRevenueAmt
CY Other Revenue$17,779,513CYOtherRevenueAmt
PY Total Revenue$29,931,719PYTotalRevenueAmt
CY Total Revenue$18,441,170CYTotalRevenueAmt
PY Grants And Similar Paid$972,211PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$4,247,950CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$45,586PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$16,865CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$327,571PYOtherExpensesAmt
CY Other Expenses$807,814CYOtherExpensesAmt
PY Total Expenses$1,345,368PYTotalExpensesAmt
CY Total Expenses$5,072,629CYTotalExpensesAmt
PY Revenues Less Expenses$28,586,351PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$13,368,541CYRevenuesLessExpensesAmt
Total Assets BOY$27,567,112TotalAssetsBOYAmt
Total Assets EOY$42,770,280TotalAssetsEOYAmt
Total Liabilities BOY$1,299TotalLiabilitiesBOYAmt
Total Liabilities EOY$157,311TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$27,565,813NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$42,612,969NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE 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 DISTRIBUITON OF FUNDS FOR EDUCATIONAL SCHOLARSHIPS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$5,007,235ExpenseAmt
Grant$4,247,950GrantAmt
Revenue$18,561,251RevenueAmt
DescSCHOLARSHIP 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.Desc
Total Program Service Expenses$5,007,235TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1STEPHANIE WHITE LVCPA PROSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7025864355PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1732 S 6TH STREET SUITE 200CAddressLine1Txt
CityLAS VEGASCityNm
State AbbreviationNVStateAbbreviationCd
ZIP89101ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ALEX PERAL
CHAIRMAN10.00Yes (X)Yes (X)$0$0$0
TURK COBELL
VICE CHAIRMAN & TREASURER10.00Yes (X)Yes (X)$0$0$0
PAMELA AGOYO
SECRETARY10.00Yes (X)Yes (X)$0$0$0
JEAN O'BRIEN
TRUSTEE10.00Yes (X)$0$0$0
DOROTHY A NASON
TRUSTEE10.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INDIGENOUS EDUCATION INCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line16501 AMERICAS PKWY NE STE 825AddressLine1Txt
CityALBUQUERQUECityNm
State AbbreviationNMStateAbbreviationCd
ZIP87110ZIPCd
FieldValueIRS element (for citing)
ServicesSCHOLARSHIP ADMINISTRATIONServicesDesc
Compensation$766,585CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$783,032TotalRevenueColumnAmt
Exclusion$783,032ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,817,709SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,939,084SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$121,375SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$121,375TotalRevenueColumnAmt
Exclusion-$121,375ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescSETTLEMENT PAYMENTS RECEIVEDDesc
Business900099BusinessCd
Total Revenue Column$17,779,513TotalRevenueColumnAmt
Related Or Exempt Func Income$17,779,513RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$17,779,513OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$18,441,170TotalRevenueColumnAmt
Related Or Exempt Func Income$17,779,513RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$661,657ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$4,247,950TotalAmt
Program Services$4,247,950ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$15,369TotalAmt
Management And General$15,369ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,496TotalAmt
Management And General$1,496ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$13,350TotalAmt
Management And General$13,350ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$766,585TotalAmt
Program Services$759,285ProgramServicesAmt
Management And General$7,300ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$88TotalAmt
Management And General$88ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$5,136TotalAmt
Management And General$5,136ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$351TotalAmt
Management And General$351ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,735TotalAmt
Management And General$4,735ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
FOREIGN TAXES WITHHELD$17,308$17,308
BANK FEES$261$261

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,072,629TotalAmt
Program Services$5,007,235ProgramServicesAmt
Management And General$65,394ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$293,078BOYAmt
EOY$4,692,453EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$27,274,034BOYAmt
EOY$38,077,827EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$27,567,112BOYAmt
EOY$42,770,280EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$157,311EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,299BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,299BOYAmt
EOY$157,311EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$27,565,813BOYAmt
EOY$42,612,969EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$27,565,813BOYAmt
EOY$42,612,969EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$27,567,112BOYAmt
EOY$42,770,280EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$13,368,541ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$1,678,615OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$29,624,820CurrentTaxYearMinus1YearAmt
Current Tax Year$17,779,513CurrentTaxYearAmt
Total$47,404,333TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$29,624,820CurrentTaxYearMinus1YearAmt
Current Tax Year$17,779,513CurrentTaxYearAmt
Total$47,404,333TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$47,404,333PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$406,394CurrentTaxYearMinus1YearAmt
Current Tax Year$765,724CurrentTaxYearAmt
Total$1,172,118TotalAmt
FieldValueIRS element (for citing)
Total Support$48,576,451TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$20,102,477TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$1,678,617NetUnrealizedGainsInvstAmt
Revenue Not Reported$1,678,617RevenueNotReportedAmt
Revenue Subtotal$18,423,860RevenueSubtotalAmt
Other Revenues Not Included$17,310OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$17,310RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$18,441,170TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,055,321TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$5,055,321ExpensesSubtotalAmt
Other Expenses Not Included$17,308OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$17,308ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,072,629TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:AS OF DECEMBER 31, 2016, THE ORGANIZATION HAD NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS UNDER ASC TOPIC 740, INCOME TAXES, REQUIRING ADJUSTMENTS TO ITS FINANCIAL STATEMENTS. IN THE EVENT THE ORGANIZATION WERE TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IT WOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS AS INTEREST EXPENSE FOR INTEREST AND MISCELLANEOUS FOR PENALTIES. GENERALLY, THE PRIOR THREE YEARS' TAX RETURNS ARE OPEN TO EXAMINATION BY THE FEDERAL AND STATE TAXING AUTHORITIES; HOWEVER, THE ORGANIZATION IS ONLY OPEN TO 2014 (ITS INCEPTION) 2015, AND 2016. IN ADDITION, THERE ARE NO INCOME TAX EXAMINATIONS CURRENTLY IN PROCESS.
PART XI, LINE 4B - OTHER ADJUSTMENTS:GROSS UP DIVIDENDS FOR FOREIGN TAXES 17,308. ROUNDING 2.
PART XII, LINE 4B - OTHER ADJUSTMENTS:GROSS UP DIVIDENDS FOR FOREIGN TAXES 17,308.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeHIGHER EDUCATION SCHOLARSHIPSGrantTypeTxt
Recipient924RecipientCnt
Cash Grant$4,247,950CashGrantAmt
Valuation Method UsedFAIR MARKET VALUE - CASHValuationMethodUsedDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE PROCESS BY WHICH GRANT FUNDS ARE MONITORED IS BY CONFIRMATION OF THE APPROPRIATE ALLOCATION AND MAXIMUM AMOUNT OF UNDERGRADUATE AND GRADUATE STUDENT'S SCHOLARSHIPS. ADDITIONALLY, A SPECIFIC REPORT IS PREPARED ANNUALLY DETAILING STUDENT AND SCHOLARSHIP DATA; THIS REPORT IS REQUIRED BY LAW AND IS REVIEWED BY THE ORGANIZATION'S ATTORNEY AND THE DEPARTMENT OF INTERIOR.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE ANNUAL FORM 990 WILL BE SENT VIA ELECTIONIC DISTRIBUITON, ONCE APPROVED BY RESPONSIBLE TRUSTEES FORM 990 WILL THEN BE FILED.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY AND REQUIRED DISCLOSURES ARE REVIEWED THROUGHOUT THE YEAR DURING MEETINGS.
FORM 990, PART VI, SECTION C, LINE 19AVAILABLE UPON REQUEST
FORM 990, PART IX, LINE 11GSCHOLARSHIP ADMINISTRATION FEES: PROGRAM SERVICE EXPENSES 759,285. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 759,285. WEB DESIGNER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,300. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,300.
FORM 990, PART XI, LINE 9:UNREALIZED GAINS 1,678,617. ROUNDING -2.

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