2016-02-01T14:28:01-06:00 2015-06-30 Kundinger Corder & Engle PC 475 Lincoln Street Suite 200 Denver CO 80203 990 2014-07-01 541970097 First Nations Oweesta Corporation FIRS 3037748838 2432 Main Street 1st Floor Longmont CO 80501 Michael E Roberts President 3037748838 2016-02-01 1 Lori Anne Reinwald P01388434 3035345953 2014 2016-04-25 22:37:26Z Michael Roberts 2432 Main Street 1st Floor Longmont CO 80501 1839304 0 X www.oweesta.org X 1999 VA To provide economic assistance, loan capital and training to Native tribes, communities and peoples. 9 8 11 8 0 0 1110299 1521685 231526 303359 22313 14260 0 0 1364138 1839304 0 50000 0 0 522406 639076 0 0 19960 838945 802663 1361351 1491739 2787 347565 7082450 7026220 4057093 3649894 3025357 3376326 First Nations Oweesta Corporation (the "Organization") supports economic growth in Native American communities through the creation, development and capitalization of Community Development Financial Institutions. 0 0 966745 50000 164413 Institutional Development- The primary goal is to help create, develop, expand and strengthen Native Community Development Financial Institutions (CDFIs). Activities reflect the provision of regional and local CDFI workshops, participation and attendance at other industry conferences, participation on the CDFI Coalition, and follow-up outreach, technical assistance and training to tribes who have expressed an interest in or are in the process of forming a CDFI. 217278 138946 Lending and Other-The Organization provides capitalization to qualifying organizations, enabling them to reinvest the capital back into their communities and programs and/or to use as leverage to attract other capital. Oweesta makes loans to various types of Native community development financial institutions such as small business loan funds and credit associations to make consumer, business and housing loans. Oweesta also lends to housing loan funds for capitalizing construction loan funds or for mortgage lending. 1184023 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 15 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SD VA X Chrystel Cornelius 3037748838 2432 Main Street 1st Floor Longmont CO 80501 B Thomas Vigil Chair 2.00 2.00 X X 0 0 0 Marguerite Smith Vice Chair 2.00 2.00 X X 0 0 0 Donald Sampson Treasurer 2.00 2.00 X X 0 0 0 Shyla Grace Sheppard Secretary 2.00 2.00 X X 0 0 0 Chandra Hampson Director 2.00 2.00 X 0 0 0 Benny Shendo Jr Director 2.00 2.00 X 0 0 0 Gelvin Stevenson Director 2.00 2.00 X 0 0 0 Susan Jenkins Director 2.00 2.00 X 0 0 0 Michael E Roberts President 2.00 40.00 X X 0 158657 7711 Chrystel Cornelius Executive Director 40.00 0.00 X 111186 0 11365 Krystal Langholz Chief Operating Officer 40.00 0.00 X 70461 0 9800 Thomas Christiano Chief Financial Officer thru 6/12/15 40.00 0.00 X 40597 0 5500 222244 158657 34376 1 0 1 0 0 1030410 491275 1521685 Program Service Fees 900099 164413 164413 Loan Portfolio Income 900099 138946 138946 303359 14260 14260 1839304 303359 0 14260 X 50000 50000 283776 190691 78005 15080 249110 161264 87494 352 57190 38863 17393 934 49000 32454 15187 1359 323892 292447 30247 1198 39874 29001 10857 16 12070 6499 5571 26750 24797 1953 129741 110530 19185 26 43445 40133 3312 94560 94560 60000 55620 4380 7857 6049 1808 1721 1721 Printing & Publications 36927 35769 163 995 Miscellaneous 12489 3546 8943 Loan Loss Reversal 11800 11800 Bad Debt Expense 1537 1537 1491739 1184023 287756 19960 350079 106096 1544634 2158881 320650 290013 30485 3131 3803250 3841450 9801 11934 182363 180619 9601 1744 974774 580119 39176 32852 7082450 7026220 91069 96794 1620 3945000 3551480 21024 0 4057093 3649894 X 2768291 2414161 257066 962165 3025357 3376326 7082450 7026220 347565 3404 0 X X 0 1 X 1 1 1 X 713582 2478509 1467327 1110299 1521685 7291402 1242656 283243 293224 231526 303359 2354008 1956238 2761752 1760551 1341825 1825044 9645410 0 1151149 102981 110284 15675 1403945 2784034 1151149 102981 110284 15675 1403945 2784034 6861376 130931 13643 14953 14329 14260 188116 130931 13643 14953 14329 14260 188116 2087169 2775395 1775504 1356154 1839304 9833526 0.69780 0.75190 0.01910 0.02660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150000 150000 150000 150000 182363 180619 1744 1744 X 1842708 3404 3404 1839304 0 1839304 1491739 0 1491739 0 1491739 Part X, Line 2: The Organization applies a more-likely-than-not measurement methodology to reflect the financial statement impact of uncertain tax positions. After evaluating the tax positions taken, none are considered to be uncertain; therefore, no amounts have been recognized as of June 30, 2015 and 2014. If incurred, interest and penalties associated with tax positions are recorded in the period assessed as general and administrative expense. No interest and penalties have been assessed as of June 30, 2015 and 2014. Tax years that remain subject to examination include 2012 through the current period for the federal returns. 1 Chehalis Tribal Loan Fund PO Box 536 Oakville WA 98568 270177378 501(c)3 10000 Build the capacity of the organization to better assist Native entrepreneurs through training and access to business capital. Wisconsin Native Loan Fund PO Box 580 Lac Du Flambeau WI 54538 432116172 501(c)3 10000 Build the capacity of the organization to better assist Native entrepreneurs through training and access to business capital Council for Native Hawaiian Advancement 2149 Lauwiiwili Street Suite 200 Kapolei HI 96707 910313383 501(c)3 10000 Build the capacity of the organization to better assist Native entrepreneurs through training and access to business capital Native American Community Development PO Box 3029 Browning MT 59417 273156259 501(c)3 10000 Build the capacity of the organization to better assist Native entrepreneurs through training and access to business capital Northwest Native Development Fund PO Box 148 Nespelem WA 99155 264215937 501(c)3 10000 Build the capacity of the organization to better assist Native entrepreneurs through training and access to business capital 5 0 Part I, Line 2: Each subgrantee must provide a budget detailing the proposed use of funds and financial reports showing that the funds were spent in accordance with the budget. Additionally, the subgrantee must provide documentation in the form of a match letter to verify any matched funds reported to the funding agency and report on their participation in other activities detailed in the subgrantee agreement twice yearly. X 0 0 0 0 0 0 0 0 0 Michael E Roberts President 0 158657 0 0 0 0 0 0 0 7711 0 166368 0 0 Part I, Line 3 Board members approve the President's salary. They are all familiar with the not-for-profit sector and the environment in which the Organization works. Therefore, the board has sufficient knowledge to evaluate and approve the President's salary. Form 990, Part VI, Section A, line 6 First Nations Development Institute is the sole member of First Nations Oweesta Corporation. Form 990, Part VI, Section A, line 7a First Nations Development Institute, as the sole member of First Nations Oweesta Corporation, elects members to the governing body. Form 990, Part VI, Section B, line 11 Board members are presented with draft copies of Form 990 and all schedules and attachments, which they are asked to review and approve. At the same time, board members are asked to disclose any potential conflicts of interest. Form 990, Part VI, Section B, line 12c The by-laws provide the conflict of interest policy for board members. The employee handbook provides the conflict of interest policy for employees. If conflicts of interest arise during the year, they are verbally disclosed to the board and the affected person recuses him or herself from related decisions. Board members are required to complete annual conflict of interest questionnaires. Form 990, Part VI, Section B, line 15 Board members approve the salary of the President/CEO and are informed of the salaries of other key employees. The members of the board are all familiar with the not-for-profit sector and with the environment in which the Organization works and from which it recruits employees. Therefore, the board has sufficient knowledge to evaluate and approve these salaries. Form 990, Part VI, Section C, line 19 Governing documents, financial statements and the conflict of interest policy are available upon request. Form 990, Part IX, line 11g Consultants: Program service expenses 292,447. Management and general expenses 30,247. Fundraising expenses 1,198. Total expenses 323,892. Form 990, Part XII, Line 2c First Nations Oweesta Corporation's Board of Directors assumes the responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from prior years. First Nations Development Institute 2432 Main Street 2nd Fl Longmont CO 80501 541254491 Economic Assistance VA 501(c)(3) Line 11a, I N/A 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 1 0 0