Civic Intelligence

The Tiwahe Foundation

990 • Fiscal year 2014 • EIN 26-4377588

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 15, 2015

2801 21st Avenue SouthSuite 132FMinneapolis, MN 55407

(612) 722-0945

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

19th percentile

0.01x

Higher debt load relative to revenue than 19% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

94th percentile

60%

Higher net margin than 94% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

62nd percentile

$85,020

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

83rd percentile

22%

Faster asset growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

4th percentile

-53%

Faster revenue growth than 4% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$3,116,648

Up $571,032 (+22%) from 2013

Net Assets

Up

$3,111,665

Up $570,253 (+22%) from 2013

Liabilities

Up

$4,983

Up $779 (+19%) from 2013

Revenue

Down

$728,043

Down $831,567 (-53%) from 2013

Expenses

Up

$292,203

Up $27,841 (+11%) from 2013

Net Income

Down

$435,840

Down $859,408 (-66%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2013: $2,545,616Liabilities 2013: $4,204Net Assets 2013: $2,541,4122013Assets 2014: $3,116,648Liabilities 2014: $4,983Net Assets 2014: $3,111,6652014Assets 2015: $4,460,078Liabilities 2015: $616,565Net Assets 2015: $3,843,5132015Assets 2016: $5,042,744Liabilities 2016: $525,409Net Assets 2016: $4,517,3352016Assets 2017: $6,328,956Liabilities 2017: $55,332Net Assets 2017: $6,273,6242017Assets 2018: $6,075,202Liabilities 2018: $10,027Net Assets 2018: $6,065,1752018Assets 2019: $6,773,772Liabilities 2019: $10,433Net Assets 2019: $6,763,3392019Assets 2020: $8,002,144Liabilities 2020: $54,446Net Assets 2020: $7,947,6982020Assets 2021: $8,331,474Liabilities 2021: $112,882Net Assets 2021: $8,218,5922021Assets 2022: $7,188,408Liabilities 2022: $275,346Net Assets 2022: $6,913,0622022Assets 2023: $7,988,855Liabilities 2023: $60,921Net Assets 2023: $7,927,9342023Assets 2024: $8,807,608Liabilities 2024: $58,150Net Assets 2024: $8,749,4582024

Highlighted filing

2014

Assets$3,116,648
Liabilities$4,983
Net Assets$3,111,665

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2013: $1,559,610Expenses 2013: $264,362Net Income 2013: $1,295,2482013Revenue 2014: $728,043Expenses 2014: $292,203Net Income 2014: $435,8402014Revenue 2015: $1,137,969Expenses 2015: $409,563Net Income 2015: $728,4062015Revenue 2016: $881,371Expenses 2016: $403,841Net Income 2016: $477,5302016Revenue 2017: $1,725,474Expenses 2017: $596,042Net Income 2017: $1,129,4322017Revenue 2018: $685,217Expenses 2018: $602,449Net Income 2018: $82,7682018Revenue 2019: $256,907Expenses 2019: $506,512Net Income 2019: -$249,6052019Revenue 2020: $710,470Expenses 2020: $576,594Net Income 2020: $133,8762020Revenue 2021: $244,550Expenses 2021: $719,508Net Income 2021: -$474,9582021Revenue 2022: $691,182Expenses 2022: $967,000Net Income 2022: -$275,8182022Revenue 2023: $1,276,265Expenses 2023: $1,058,745Net Income 2023: $217,5202023Revenue 2024: $921,287Expenses 2024: $1,164,372Net Income 2024: -$243,0852024

Highlighted filing

2014

Revenue$728,043
Expenses$292,203
Net Income$435,840
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 15, 2015
Return Version
2014v5.0
Gross Receipts
$744,545
Mission and Program Overview

Mission

Tiwahe is a resource for giving and builds capacity of american indian individuals, families and community through small grants and leadership efforts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$0$2,065,571▲ $2,065,571
Savings and Temporary Cash Investments$2,224,242$449,131▼ $1,775,111
Pledges and Grants Receivable$252,479$439,103▲ $186,624
Cash and Non-Interest-Bearing Accounts$68,895$162,843▲ $93,948
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,545,616$3,116,648▲ $571,032
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,204$4,983▲ $779
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,204$4,983▲ $779
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,773,185$1,929,298▲ $156,113
Unrestricted Net Assets$644,124$822,736▲ $178,612
Temporarily Rstr Net Assets$124,103$359,631▲ $235,528
Total Net Assets Fund Balance$2,541,412$3,111,665▲ $570,253
Total Liabilities and Net Assets / Fund Balance$2,545,616$3,116,648▲ $571,032

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,065,571--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,935,634$156,113▲ $134,413-$2,217,894
2013$570,956$1,202,229▲ $162,449-$1,935,634
2012$228,015$342,941--$570,956
2011-$228,015--$228,015
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly DrummerPresident & CEOFT$81,458$3,562$85,020

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$729,931
Program Service Revenue
$135
Investment Income
$1,458
Other Revenue
$-3,481
All Other Contributions
$714,196
Change in Net Assets
$435,840

Audited Revenue Reconciliation

Revenue per Audited Statements
$728,042
Revenue Not Reported on Financial Statements
$1
Revenue Not Reported on Form 990
$142,163
Other Revenue Adjustments
$1
Total Revenue per Audited Statements
$870,205
Total Revenue per Form 990
$728,043
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$108,192
Grants and Similar Amounts Paid$79,593
Other Expenses$73,590
Total Fundraising Expense$63,784
Professional Fundraising Fees$30,828

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$37,016$17,176$30,828$85,020
Grants to Domestic Individuals$79,593--$79,593
Other Salaries and Wages$16,149$7,493$13,449$37,091
Fees for Services Other$8,594$6,895$2,915$18,404
Fees for Services Accounting$8,324$6,678$2,823$17,825
Payroll Taxes$5,242$1,576$2,562$9,380
Office Expenses$4,318$2,525$1,962$8,805
Other Employee Benefits$2,817$1,648$3,064$7,529
Occupancy$4,155$1,249$2,031$7,435
Information Technology$4,674$300-$4,974
Insurance$1,744$524$852$3,120
Travel$912$1,589$250$2,751
Other Expenses$29$9$15$53
Total Functional Expenses$179,096$49,323$63,784$292,203

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$299,952
Total Expenses per Form 990$292,203
Expenses per Audited Statements$292,202
Expenses Not Reported on Form 990$7,750
Expenses Not Reported on Financial Statements$1
Other Expense Adjustments$1
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$30,828
Fundraising Direct Expenses$16,502
Fundraising Gross Income$13,021

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Crooks$19,837$10,997$1,838$9,159
Annual Event$8,919$2,024$1,095$929
Total Events$28,756$13,021$16,502$-3,481
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The draft of the 990 will be reviewed by the board and voted on by the members.

Form 990, Part VI, Section B, Line 12C

Officers and staff are asked to disclose annually, in writing any interest that could give rise to conflicts. At each board meeting, members are asked to disclose any potential conflicts of interest.

Form 990, Part VI, Section B, Line 15

In determining the salary, the board reviewed salaries from the Minnesota Council of Nonprofits " 2013 Minnesota Non Profit Salary and Benefits Report" and the Minnesota Council on Foundations "Grantmaker Salary Survey Reports,"

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public on its website and upon request.

Filing and Contact Details

Filer

Filer Name
The Tiwahe Foundation
EIN
26-4377588
In Care Of
% KELLY DRUMMER
Phone
6127220945
Address
2801 21ST AVENUE SOUTH, Suite 132F, MINNEAPOLIS, MN 55407

Signing Officer

Name
Kelly Drummer
Title
President & CEO
Phone
6123325500
Signed
2015-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Drummer
Formed
2009
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
43

Preparer

Firm
SCHECHTER DOKKEN KANTER CPA'S
Address
100 WASHINGTON AVE SO 1600, MINNEAPOLIS, MN 55401-2192
Preparer
Jason Besler CPA
Phone
6123325500
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1 & Part III Line 1

The Tiwahe Foundation is a resource for giving and strengthens American Indian communities by building capacity through leadership, culture, values and vision. The Tiwahe Foundation is a living legacy that honors and champions American Indian families, traditions, sprituality, and through giving, fosters leadership and improves lives for present and future generations. Through our grant making to the American Indian community we have an impact in a variety of social and economic needs with a focus on 1.) Educational attainment, 2.) Economic Stability, 3.) Renewing cultural connections and be of service to the community. These grants provide opportunities to advance racial and economic equity for families with measurable impacts for the entire community. The Tiwahe Foundation is leading the Native Leadership Alumni Collaborative to build and connect Alumni leaders that have participated across various leadership programs. The collaboration hopes to build a network and bridge between both rural, tribal and urban American Indian leadership Alumni that will bring cross collaboration, innovation, healthy communitiies and sustainable change. As a new organiztion the Tiwahe Foundation continues to build its organizational capacity and the endowment with a goal of $6 million in endowment assets by 2017.

Form 990, Part X, Line 12

Endowment funds held at the minneapolis foundation $2,065,571

Financial Statement Notes

Part X, Line 2

The Organization has not identified any uncertainties in federal or state income taxes for any open tax years as of December 31, 2014. The organization is no longer subject to federal and state tax examinations by tax authorities for years before 2011. No authorities have commenced income tax examinations as of December 31, 2014.

Part V, Line 4

The Tiwahe Foundation is to receive the net income from the endowment to be used in carrying out its general charitable purposes (unrestricted).

Part XI, Line 4B

ROUNDING $1

Part XII, Line 4B

ROUNDING $1

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IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT & CEO
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IRS990/ProgSrvcAccomActy2Grp/Desc0SEVENTH GENERATION ENDOWMENT CAMPAIGN. The Foundation was able to secure approximately $150,000 in 2014 for the Seventh Generation Endowment campaign. The endowment will set a base of support to create permanence for our AIFEP grantmaking, leadership initiatives and operations.
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