2014-01-22T12:51:46-06:00 2013-06-30 Kundinger Corder & Engle PC 475 Lincoln Street Suite 200 Denver CO 80203 990 2012-07-01 541970097 First Nations Oweesta Corporation FIRS 3037748838 2432 Main Street 2nd Fl Longmont CO 80501 Chrystel Cornelius 3037748838 2014-01-21 1 Maria R Montoya P01363907 3035345953 2012 2015-11-30 17:44:51Z X Chrystel Cornelius 2432 Main Street 2nd Fl Longmont CO 80501 1775504 0 X www.oweesta.org X 1999 VA To provide economic assistance, loan capital and training to Native tribes, communities and peoples. 9 8 8 9 0 0 2478509 1467327 283243 293224 13643 14953 0 0 2775395 1775504 74000 50000 0 0 644913 629761 0 0 27305 914063 1228444 1632976 1908205 1142419 -132701 8303263 7448738 5151110 4435946 3152153 3012792 X 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 1313466 158793 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. 240713 50000 134431 Lending-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. 2726 Financial Education and Asset Building-In addition to its work with Native CDFIs, the Organization also strives to enhance, through training, technical assistance and development of educational materials, the capacity of tribes, Native organizations, and individuals to better manage their financial assets. Activities in this area reflect the provision of instructor training workshops and follow up technical assistance in asset building strategies and programs, participation in the Native Financial Education Coalition and its activities and the development and distribution of new educational resources 1441 Advocacy, Policy and Research is a program through which the Organization collaborates on research studies that focus on identifying and mitigating barriers to Native control of and access to financial assets. The Organization's national voice works to create and retain the integrity policy favorable to building assets in Native communities. 1441 1558346 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 1 0 0 0 0 0 0 0 1 0 0 0 1 21 0 1 8 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 Judy Ball Acting CFO 3037748838 2432 Main Street 2nd Fl Longmont CO 80501 X B Thomas Vigil 2.00 2.00 X X 0 0 0 Marguerite Smith 2.00 2.00 X X 0 0 0 Donald Sampson 2.00 2.00 X X 0 0 0 Michael E Roberts 2.00 40.00 X X 0 146944 12810 Chandra Hampson 2.00 2.00 X 0 0 0 Benny Shendo Jr 2.00 2.00 X 0 27000 0 Shyla Grace Sheppard 2.00 2.00 X 0 0 0 Siobhan Oppenheimer-Nicolau 2.00 2.00 X 0 0 0 Gelvin Stevenson 2.00 2.00 X 0 0 0 David Lester 2.00 2.00 X 0 0 0 Chrystel Cornelius 40.00 0.00 X 74787 0 16211 Bernice Lewis 40.00 0.00 X 76631 0 18766 151418 173944 47787 0 0 1 0 0 966564 500763 1467327 Program Service Fees 900099 158793 158793 Loan Portfolio Income 900099 134431 134431 293224 14953 14953 1775504 293224 0 14953 X 50000 50000 177201 77134 90448 9619 361758 313386 46577 1795 46677 42704 3714 259 44125 32642 10604 879 608071 514360 92195 1516 35394 22304 12725 365 31816 20428 10309 1079 26269 23124 1937 1208 289823 262075 25968 1780 56804 49902 2929 3973 98343 98343 58996 51975 4307 2714 19574 15041 2766 1767 1714 1714 Printing & Publications 20206 17738 2444 24 Loan Loss Reversal -35100 -35100 16534 2290 13917 327 1908205 1558346 322554 27305 113167 30958 2773985 2704378 272574 391539 636 81242 4009750 3342850 5984 1663 182363 162060 35234 20303 1064990 836871 26943 38934 8303263 7448738 205907 220133 110074 55813 4795000 4160000 40129 0 5151110 4435946 X 2989653 2628480 162500 384312 3152153 3012792 8303263 7448738 -132701 -6660 0 X X 0 1 X 1 1 1 X 1052446 1919780 713582 2478509 1467327 7631644 2061849 1271965 1242656 283243 293224 5152937 3114295 3191745 1956238 2761752 1760551 12784581 0 1899522 1126021 1151149 102981 110284 4389957 1899522 1126021 1151149 102981 110284 4389957 8394624 129926 127046 130931 13643 14953 416499 129926 127046 130931 13643 14953 416499 48742 48742 3292963 3318791 2087169 2775395 1775504 13249822 0.63360 0.55570 0.03140 0.03690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 150000 150000 150000 150000 150000 150000 182363 162060 20303 20303 X 1768844 -6660 -6660 1775504 0 1775504 1908205 0 1908205 0 1908205 Description of Uncertain Tax Positions Under FIN 48: 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, 2013 and 2012. 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, 2013 and 2012. Tax years that remain subject to examination include 2010 through the current period for the federal returns. 1 Chi Ishobak Inc PO Box 117 Dowagiac MI 49047 352372805 501(c)(3) 12500 Capacity building for CDFI's development. First Ponca Financial Inc 941 O Street Suite 107 Lincoln NE 68107 274973866 501(c)(3) 12500 Capacity building for CDFI's development. Ysleta del Sur Pueblo 119 S Old Pueblo El Paso TX 79907 741851338 501(c)(3) 12500 Capacity building for CDFI's development. Crow Tribe Economic Development Dept PO Box 970 Crow Agency MT 59023 810372588 501(c)(3) 12500 Capacity building for CDFI's development. 4 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All subrecipients are monitored closely and in accordance with the subrecipient monitoring requirements under OMB Circular A-133. X 0 0 0 0 0 0 0 0 0 Michael E Roberts 0 146944 0 0 0 0 0 0 0 12810 0 159754 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. Seventh Generation LLC Seventh Generation LLC is owned by a current board member, Donald Sampson. 40730 consulting agreement 0 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. Starting in fiscal year 2014, all board members will be required to complete annual conflict of interest questionnaires in order to improve the monitoring process. 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 VII During 2013, Benny Shendo performed services for First Nations Development Institute under a consulting agreement and received compensation for such services from First Nations Development Institute totaling $27,000. Other Fees Form 990, Part IX, line 11g Program Consultants : Program service expenses 493,619. Management and general expenses 88,477. Fundraising expenses 1,454. Total expenses 583,550. Other: Program service expenses 20,741. Management and general expenses 3,718. Fundraising expenses 62. Total expenses 24,521. 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