Civic Intelligence

Cobell Board of Trustees

EIN 47-1589441 • 501(c)3 • Washington, DC

Profile

The 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 distribution of funds for educational scholarships.

555 13th Street NWWashington, DC 20004

www.cobellscholar.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

3rd percentile

0.00x

Higher debt load relative to assets than 3% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

4th percentile

0.00x

Higher debt load relative to revenue than 4% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

2nd percentile

-115%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

5th percentile

$50,000

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

211%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$175,705,919

Up $16,527,821 (+10%) from 2023

Liabilities

Down

$4,100

Down $3,320,211 (-100%) from 2023

Net Assets

Up

$175,701,819

Up $19,848,032 (+13%) from 2023

Revenue

Up

$5,626,652

Up $3,818,035 (+211%) from 2023

Expenses

Up

$12,120,707

Up $4,106,397 (+51%) from 2023

Net Income

Down

-$6,494,055

Down $288,362 (-4.6%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2015: $27,567,112Liabilities 2015: $1,299Net Assets 2015: $27,565,8132015Assets 2016: $42,770,280Liabilities 2016: $157,311Net Assets 2016: $42,612,9692016Assets 2017: $84,008,662Liabilities 2017: $308,148Net Assets 2017: $83,700,5142017Assets 2018: $119,995,386Liabilities 2018: $2,113,500Net Assets 2018: $117,881,8862018Assets 2019: $149,951,785Liabilities 2019: $3,219,633Net Assets 2019: $146,732,1522019Assets 2020: $161,306,539Liabilities 2020: $3,500,464Net Assets 2020: $157,806,0752020Assets 2021: $177,171,131Liabilities 2021: $3,261,097Net Assets 2021: $173,910,0342021Assets 2022: $140,852,230Liabilities 2022: $3,272,267Net Assets 2022: $137,579,9632022Assets 2023: $159,178,098Liabilities 2023: $3,324,311Net Assets 2023: $155,853,7872023Assets 2024: $175,705,919Liabilities 2024: $4,100Net Assets 2024: $175,701,8192024

Highlighted filing

2024

Assets$175,705,919
Liabilities$4,100
Net Assets$175,701,819

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2015: $29,931,719Expenses 2015: $1,345,368Net Income 2015: $28,586,3512015Revenue 2016: $18,441,170Expenses 2016: $5,072,629Net Income 2016: $13,368,5412016Revenue 2017: $36,414,518Expenses 2017: $3,668,870Net Income 2017: $32,745,6482017Revenue 2018: $51,511,511Expenses 2018: $7,447,927Net Income 2018: $44,063,5842018Revenue 2019: $17,578,469Expenses 2019: $7,418,741Net Income 2019: $10,159,7282019Revenue 2020: $3,954,112Expenses 2020: $7,622,494Net Income 2020: -$3,668,3822020Revenue 2021: $17,842,265Expenses 2021: $7,555,946Net Income 2021: $10,286,3192021Revenue 2022: $2,071,809Expenses 2022: $7,812,357Net Income 2022: -$5,740,5482022Revenue 2023: $1,808,617Expenses 2023: $8,014,310Net Income 2023: -$6,205,6932023Revenue 2024: $5,626,652Expenses 2024: $12,120,707Net Income 2024: -$6,494,0552024

Highlighted filing

2024

Revenue$5,626,652
Expenses$12,120,707
Net Income-$6,494,055

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.1
Gross Receipts
$30,063,383
Mission and Program Overview

Mission

The 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.

To oversee the distribution of scholarships for native american and alaskan native students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$157,696,896$171,426,126▲ $13,729,230
Savings and Temporary Cash Investments$1,219,370$4,279,793▲ $3,060,423
Cash and Non-Interest-Bearing Accounts$261,832$0▼ $261,832
Total Assets$159,178,098$175,705,919▲ $16,527,821
Liabilities
Accounts Payable and Accrued Expenses$3,324,311$4,100▼ $3,320,211
Total Liabilities$3,324,311$4,100▼ $3,320,211
Net Assets / Fund Balance
Net Assets With Donor Restrictions$155,853,787$175,701,819▲ $19,848,032
Total Net Assets Fund Balance$155,853,787$175,701,819▲ $19,848,032
Total Liabilities and Net Assets / Fund Balance$159,178,098$175,705,919▲ $16,527,821
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alex PearlChairman & CEOPT$50,000$50,000
Turk CobellPresident & TreasurerPT$50,000$50,000

Board Members and Trustees

NameTitle
Dorothy a NasonTrustee
JEAN O'BRIENTrustee
Pamela AgoyoSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Indigenous Education INCScholarship Adminstration6501 AMERICAS PARKWAY NE SUITE 825, Albuquerque, NM 87110$1,753,998
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$5,626,652
Other Revenue
$0
Change in Net Assets
$-6,494,055

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,626,652
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$26,342,086
Total Revenue per Audited Statements
$31,968,738
Total Revenue per Form 990
$5,626,652
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,946,002
Other Expenses$2,074,705
Salaries, Compensation, and Employee Benefits$100,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$9,946,002--$9,946,002
Fees for Services Other$1,753,998--$1,753,998
Fees for Service Investment Mgmnt Fees-$204,397-$204,397
Current Officers, Directors, Trustees, and Key Employees-$100,000-$100,000
Fees for Services Accounting-$71,408-$71,408
Travel-$21,961-$21,961
Office Expenses-$17,067-$17,067
Insurance-$5,779-$5,779
Fees for Services Legal-$95-$95
Total Functional Expenses$11,700,000$420,707$0$12,120,707

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,120,708
Expenses per Audited Statements$12,120,707
Total Expenses per Form 990$12,120,707
Expenses Not Reported on Form 990$1
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
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 11B

Review with our general counsel at the next trustee meeting after receiving.

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

The conflict of interest policy and required disclosures are reviewed throughout the year during meetings.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Cobell Board of Trustees
EIN
47-1589441
Phone
7024290203
Address
555 13TH STREET NW, WASHINGTON, DC 20004

Signing Officer

Name
Turk Cobell
Title
Treasurer
Phone
7024290203
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alex Pearl
Formed
2014
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Abbott Stringham & Lynch
Address
1901 S BASCOM AVE STE 105, CAMPBELL, CA 95008
Preparer
Sheba B Dalaney
Phone
4083778700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Scholarship administration fees: program service expenses 1,753,998. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,753,998.

FORM 990, PART XI, LINE 9:

ROUNDING 1.

FORM 990, PART XII, LINE 2C:

The process has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income tax under section 501(c)(3) of the internal revenue code (irc). Accordingly, no income tax is reflected in the accompanying financial statements. In addition, the organization is classified as an organization that is not a private foundation under irc section 509(a); therefore, donations qualify for maximum charitable contribution deductions under irc section 170(b) (1) (a) (vi). As of december 31, 2023, 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 open to 2021, 2022, and 2023. In addition, there are no income tax examinations currently in process.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

ROUNDING 1.

Raw XML Appendix357 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalSupportAmt015325999
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt01
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt012120707
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt026342086
IRS990ScheduleD/OtherExpensesIncludedAmt01
IRS990ScheduleD/RevenueNotReportedAmt026342086
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05626652
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO INCOME TAX IS REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ADDITION, THE ORGANIZATION IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER IRC SECTION 509(A); THEREFORE, DONATIONS QUALIFY FOR MAXIMUM CHARITABLE CONTRIBUTION DEDUCTIONS UNDER IRC SECTION 170(B) (1) (A) (VI). AS OF DECEMBER 31, 2023, 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 OPEN TO 2021, 2022, AND 2023. IN ADDITION, THERE ARE NO INCOME TAX EXAMINATIONS CURRENTLY IN PROCESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING 1.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt012120707
IRS990ScheduleD/TotalRevenuePerForm990Amt05626652
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt031968738
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012120708
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt09946002
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0HIGHER EDUCATION SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02241
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FAIR MARKET VALUE - CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW WITH OUR GENERAL COUNSEL AT THE NEXT TRUSTEE MEETING AFTER RECEIVING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY AND REQUIRED DISCLOSURES ARE REVIEWED THROUGHOUT THE YEAR DURING MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SCHOLARSHIP ADMINISTRATION FEES: PROGRAM SERVICE EXPENSES 1,753,998. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,753,998.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0159178098
IRS990/TotalAssetsEOYAmt0175705919
IRS990/TotalAssetsGrp/BOYAmt0159178098
IRS990/TotalAssetsGrp/EOYAmt0175705919
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0420707
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011700000
IRS990/TotalFunctionalExpensesGrp/TotalAmt012120707
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03324311
IRS990/TotalLiabilitiesEOYAmt04100
IRS990/TotalLiabilitiesGrp/BOYAmt03324311
IRS990/TotalLiabilitiesGrp/EOYAmt04100
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0155853787
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0175701819
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt011700000
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt05626652
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05626652
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0159178098
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0175705919
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt021961
IRS990/TravelGrp/TotalAmt021961
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0555 13TH STREET NW
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020004
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.COBELLSCHOLAR.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TURK COBELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07024290203
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COBELL BOARD OF TRUSTEES
ReturnHeader/Filer/BusinessNameControlTxt0COBE
ReturnHeader/Filer/EIN0471589441
ReturnHeader/Filer/PhoneNum07024290203
ReturnHeader/Filer/USAddress/AddressLine1Txt0555 13TH STREET NW
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020004
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0770051130
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ABBOTT STRINGHAM & LYNCH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01901 S BASCOM AVE STE 105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CAMPBELL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095008
ReturnHeader/PreparerPersonGrp/PhoneNum04083778700
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHEBA B DALANEY
ReturnHeader/ReturnTs02025-05-15T17:53:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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