2012-03-23T14:39:42-05:00 2011-06-30 EHRHARDT KEEFE STEINER & HOTTMAN PC 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372843 990 2010-07-01 541970097 First Nations Oweesta Corporation FIRS 3037748838 c/o FNDI 351 Coffman Street Longmont CO 80501 MICHAEL ROBERTS 2013-03-06 true DORI J EGGETT 3037409400 2010 2016-02-24 21:20:13Z Michael E Roberts c/o FNDI 351 Coffman Street Longmont CO 80501 2087169 false X www.oweesta.org X 1999 VA Provides assistance, loan capital and training to Native tribes, communities and peoples 10 9 25 0 1919780 713582 1271965 1242656 127046 130931 0 3318791 2087169 0 0 1344067 949751 0 149627 1145536 1181612 2489603 2131363 829188 -44194 7105872 7388396 5077162 5377174 2028710 2011222 X Provides assistance, loan capital and training to Native tribes, communities, and peoples false false 412660 370972 Financial Education and Asset Building- The organization 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 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 their activities, and the development and distribution of new educational resources. 260121 360283 Entrepreneurship- The organization and eight regional partners are developing a regional entrepreneurship development systems model to assist Native Community Development Financial Institutions with providing intensive, long-term technical assistance and training, which their clients need, as well as assistance with entrepreneurial development. The Organization anticipates exporting this model to other communities. 532046 511400 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 Coaltion, 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. 347680 1552507 true true false true false false false false true true false false false true true true true false false false false false false false false false false false false false false false false false false false true false false false false false true false false false false true 37 0 true 25 true false false false false false false false false false false X 10 9 false false false false true true false true true false false true true true true true true true true false SD VA X X X BO LEWIS 3037748838 351 COFFMAN STREET LONGMONT SD 80501 MICHAEL ROBERTS 40.0 X X 0 140811 7940 MARGUERITE SMITH 2.0 X X 0 0 0 DAVID LESTER 2.0 X X 0 0 0 DONALD SAMPSON 2.0 X X 0 0 0 B THOMAS VIGIL 2.0 X 0 0 0 SIOBHAN OPPENHEIMER-NICOLAU 2.0 X 0 0 0 GELVIN STEVENSON 2.0 X 0 0 0 BENNY SHENDO JR 2.0 X 0 0 0 CHANDRA HAMPSON 2.0 X 0 0 0 SHYLA GRACE SHEPPARD 2.0 X 0 0 0 BO LEWIS 40.0 X 0 0 0 TRACEY FISCHER 40.0 X 67850 0 9445 ANGELA SHARPE 40.0 X 104165 0 17315 172015 140811 34700 1 false false false 0 483407 230175 713582 PROGRAM FEES & REVENUE 1242656 1242656 1242656 130931 108400 22531 0 0 0 0 0 0 0 2087169 1351056 22531 0 0 0 0 172015 172015 0 0 0 606866 384743 167628 54495 11722 7668 3700 354 95118 62963 25829 6326 64030 44395 15563 4072 0 0 32787 0 32787 0 0 0 0 300735 242319 10947 47469 4987 4487 500 80013 58459 18112 3442 21610 16760 4850 0 0 84243 53594 24028 6621 222151 169068 48079 5004 0 36849 33639 1259 1951 93870 93870 120000 86605 27840 5555 32252 19024 11256 1972 569 0 569 0 FEES, DUES & OTHER 11917 2416 9366 135 PRINTING & PUBLICATIONS 25123 11937 2483 10703 EQUIPMENT RENTAL & MAINTENANCE 43598 30195 11945 1458 EXPENSE FOR LOAN RESERVE 58350 58350 0 0 MISCELLANEOUS 12558 0 12488 70 2131363 1552507 429229 149627 200 200 2498888 2371176 5000 3058 460145 311410 2478600 3582250 6566 8184 164353 120791 75814 43562 1401511 1060390 179148 8166 7105872 7388396 205571 107547 1066591 483863 3805000 4780000 0 5764 5077162 5377174 X 1686182 1861222 192528 0 150000 150000 2028710 2011222 7105872 7388396 X -44194 26706 X false true true X false X 665375 1105553 1052446 1919780 713582 5456736 535734 1575256 2061849 1271965 1242656 6687460 1201109 2680809 3114295 3191745 1956238 12144196 466808 1488941 1899522 1126021 1151149 6132441 466808 1488941 1899522 1126021 1151149 6132441 6011755 89806 125272 129926 127046 130931 602981 89806 125272 129926 127046 130931 602981 598 2212 48742 0 0 51552 1291513 2808293 3292963 3318791 2087169 12798729 0.46971 0.52160 0.04711 0.05000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2131363 2131363 256568 64142 277266 318466 274480 256568 1126780 1690170 69316 79617 68620 64142 281695 422543 150000 150000 150000 150000 1.00000 false false 164353 120791 43562 43562 0 0 2087169 2131363 -44194 26706 26706 -17488 2113875 26706 26706 2087169 2087169 2131363 2131363 2131363 FIN 48 DISCLOSURE SCHEDULE D, 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, 2011 and 2010. 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, 2011 and 2010. Tax years that remain subject to examination include 2008 through the current period for the federal return. Citizen Potawatami Comm Common director 300000 Program-related loans false Members and Stockholders Part VI - Questions 6 and 7a First Nations Development Institute is the sole member of First Nations Oweesta Corporation and as such elects members to the governing body of First Nations Oweesta Corporation. Organization Review Process Part VI - Question 11a Board members are presented with draft copies of Form 990 and all schedules and attachments. They are asked to review and approve it and at the same time to disclose any potential conflicts of interest. Conflict of Interest Policy Part VI - Questions 12b and 12c The By-Laws provide the conflict of interest policy for board members. The employee handbook provides the conflict of interest policy for employees. The board is currently considering procedures to improve monitoring of compliance with these policies which is currently on a self-reporting basis. Determining Compensation Part VI - Question 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. Oversight of Financial Statements Part XI - Question 2c The Finance Committee of the Board reviews the audited financial statements. The Board of Directors also reviews and approves the audit. Form 990 Part XI, line 5 Other Reconciliation of Net Assets Unrealized Gain $26,706 Other Program Service Expenses Part III, Line 4d Lending: A critical goal is to provide qualified Native CDFI's with loan capital. The main objective is to provide initial start-up capital or to leverage additional loan capital for new or expanding community-based financial institutions serving Native communities. Activities in this area reflect technical assistance to potential and existing loan recipients, performance of due diligence on loan applications, and monitoring of the loan portfolio. Total Expenses: $277,020 Public Education: Through the use of print and electronic media and personal contact methods, the public education program develops and implements strategies to increase public awareness about the organization and the current challenges facing Community Development Financial Institutions in rural and reservation-based Native American communities. The public education program leverages this awareness to increase support and provide information to educate the public on Native Community Development Financial Institutions for the benefit of native peoples throughout the nation. Total Expenses: $44,459 Advocacy, Policy and Research: 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 communitites. Total Expenses: $26,201 FIRST NATIONS DEVELOPMENT INSTITUTE 351 COFFMAN STREET STE 200 LONGMONT CO 80501 541254491 ECON ASSIST VA 501(C)3 509(A)(1) NA false false false false true false false false false false false false false false true false false true