Civic Intelligence

Cherokee Preservation Foundation Inc

EIN 56-2272253 • 501(c)3 • Cherokee, NC

Profile

To protect and preserve our native culture. Enhance the quality of life and the overall well-being of the lives of the eastern band of cherokee indians (ebci) and our neighbors in western north carolina.

PO Box 504Cherokee, NC 28719

www.cherokeepreservationgdn.org

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

6th percentile

0.01x

Higher debt load relative to revenue than 6% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

78th percentile

23%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

82nd percentile

19%

Faster asset growth than 82% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

1.8%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$64,642,542

Up $10,348,497 (+19%) from 2023

Liabilities

Down

$68,151

Down $207,010 (-75%) from 2023

Net Assets

Up

$64,574,391

Up $10,555,507 (+20%) from 2023

Revenue

Up

$8,773,087

Up $154,205 (+1.8%) from 2023

Expenses

Up

$6,788,395

Up $417,444 (+6.6%) from 2023

Net Income

Down

$1,984,692

Down $263,239 (-12%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $14,854,797Liabilities 2010: $1,731,353Net Assets 2010: $13,123,4442010Assets 2011: $14,839,978Liabilities 2011: $1,513,059Net Assets 2011: $13,326,9192011Assets 2012: $18,199,193Liabilities 2012: $2,119,459Net Assets 2012: $16,079,7342012Assets 2013: $23,073,296Liabilities 2013: $4,409,414Net Assets 2013: $18,663,8822013Assets 2014: $26,323,969Liabilities 2014: $3,649,085Net Assets 2014: $22,674,8842014Assets 2015: $26,791,984Liabilities 2015: $1,638,395Net Assets 2015: $25,153,5892015Assets 2016: $31,013,915Liabilities 2016: $1,582,889Net Assets 2016: $29,431,0262016Assets 2017: $34,859,088Liabilities 2017: $2,090,004Net Assets 2017: $32,769,0842017Assets 2018: $36,375,705Liabilities 2018: $1,517,968Net Assets 2018: $34,857,7372018Assets 2019: $39,622,073Liabilities 2019: $1,791,650Net Assets 2019: $37,830,4232019Assets 2020: $45,131,799Liabilities 2020: $1,973,703Net Assets 2020: $43,158,0962020Assets 2021: $54,218,085Liabilities 2021: $463,116Net Assets 2021: $53,754,9692021Assets 2022: $44,946,148Liabilities 2022: $243,298Net Assets 2022: $44,702,8502022Assets 2023: $54,294,045Liabilities 2023: $275,161Net Assets 2023: $54,018,8842023Assets 2024: $64,642,542Liabilities 2024: $68,151Net Assets 2024: $64,574,3912024

Highlighted filing

2024

Assets$64,642,542
Liabilities$68,151
Net Assets$64,574,391

Operations Trend

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

$10M$5.0M$0Expenses 2010: $5,624,2292010Expenses 2011: $6,681,2912011Expenses 2012: $6,201,2242012Expenses 2013: $6,925,8212013Revenue 2014: $8,063,934Expenses 2014: $5,408,005Net Income 2014: $2,655,9292014Revenue 2015: $8,169,966Expenses 2015: $5,644,477Net Income 2015: $2,525,4892015Revenue 2016: $7,506,855Expenses 2016: $5,249,681Net Income 2016: $2,257,1742016Revenue 2017: $7,505,523Expenses 2017: $6,737,423Net Income 2017: $768,1002017Revenue 2018: $7,655,212Expenses 2018: $7,346,335Net Income 2018: $308,8772018Revenue 2019: $7,506,819Expenses 2019: $6,579,065Net Income 2019: $927,7542019Revenue 2020: $8,122,468Expenses 2020: $5,015,222Net Income 2020: $3,107,2462020Revenue 2021: $8,542,068Expenses 2021: $3,396,875Net Income 2021: $5,145,1932021Revenue 2022: $9,326,190Expenses 2022: $4,105,873Net Income 2022: $5,220,3172022Revenue 2023: $8,618,882Expenses 2023: $6,370,951Net Income 2023: $2,247,9312023Revenue 2024: $8,773,087Expenses 2024: $6,788,395Net Income 2024: $1,984,6922024

Highlighted filing

2024

Revenue$8,773,087
Expenses$6,788,395
Net Income$1,984,692

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.6$0.07$64.6$8.77$6.79$1.98
2023Detailed filing. Detailed filing data is available for this year.$54.3$0.28$54.0$8.62$6.37$2.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.9$0.24$44.7$9.33$4.11$5.22
2021Detailed filing. Detailed filing data is available for this year.$54.2$0.46$53.8$8.54$3.40$5.15
2020Detailed filing. Detailed filing data is available for this year.$45.1$1.97$43.2$8.12$5.02$3.11
2019Detailed filing. Detailed filing data is available for this year.$39.6$1.79$37.8$7.51$6.58$0.93
2018Detailed filing. Detailed filing data is available for this year.$36.4$1.52$34.9$7.66$7.35$0.31
2017Detailed filing. Detailed filing data is available for this year.$34.9$2.09$32.8$7.51$6.74$0.77
2016Summary only. Only limited summary data is available for this year.$31.0$1.58$29.4$7.51$5.25$2.26
2015Detailed filing. Detailed filing data is available for this year.$26.8$1.64$25.2$8.17$5.64$2.53
2014Detailed filing. Detailed filing data is available for this year.$26.3$3.65$22.7$8.06$5.41$2.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.1$4.41$18.7$6.93
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$2.12$16.1$6.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$1.51$13.3$6.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$1.73$13.1$5.62
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jan 31, 2025
Return Version
2023v6.0
Gross Receipts
$8,773,087
Mission and Program Overview

Mission

To protect and preserve our native culture. Enhance the quality of life and the overall well-being of the lives of the eastern band of cherokee indians (ebci) and our neighbors in western north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$41,856,390$53,075,000▲ $11,218,610
Savings and Temporary Cash Investments$11,904,874$11,071,238▼ $833,636
Land, Buildings, and Equipment, Net$366,606$357,076▼ $9,530
Prepaid Expenses and Deferred Charges$166,175$139,228▼ $26,947
Total Assets$54,294,045$64,642,542▲ $10,348,497
Liabilities
Accounts Payable and Accrued Expenses$256,331$48,834▼ $207,497
Grants Payable$18,830$19,317▲ $487
Total Liabilities$275,161$68,151▼ $207,010
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$54,018,884$64,574,391▲ $10,555,507
Total Net Assets Fund Balance$54,018,884$64,574,391▲ $10,555,507
Total Liabilities and Net Assets / Fund Balance$54,294,045$64,642,542▲ $10,348,497

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$338,605-$338,605
Equipment$5,531$157,764$163,295
Leasehold Improvements$12,940$9,221$22,161

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$41,816,848---$41,816,848
2022$36,620,536$750,000▲ $4,446,312-$41,816,848
2021$40,794,512$3,500,000▼ $7,673,976-$36,620,536
2020$34,791,261$750,000▲ $5,253,251-$40,794,512
2019$31,963,470-▲ $2,827,791-$34,791,261
Compensation and Service Providers

Board Members and Trustees

NameTitle
David AndersonBoard Member-chairman
Debora ForestBoard Member
Janell RattlerBoard Member
Louise GoingsBoard Member
Ty BoydBoard Member
Catcuce TigerBoard Member-chief Apointed
Melissa SmithBoard Member-chief Appointed
April RossBoard Member-rnschool Nurse
Bobbie RainesExecutive Director
Richie SneedEbci Principal Chief
Revenue and Support

Revenue Composition

Contributions and Grants
$7,584,429
Program Service Revenue
$0
Investment Income
$1,188,658
Other Revenue
$0
All Other Contributions
$7,584,429
Change in Net Assets
$1,984,692

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,688,658
Revenue Not Reported on Form 990
$8,570,815
Total Revenue per Audited Statements
$17,259,473
Total Revenue per Form 990
$8,688,658
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,523,636
Salaries, Compensation, and Employee Benefits$948,634
Other Expenses$316,125
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,523,636--$5,523,636
Current Officers, Directors, Trustees, and Key Employees$491,007$122,752-$613,759
Other Employee Benefits$164,118$41,030-$205,148
Occupancy$67,398$16,848-$84,246
Pension Plan Contributions$62,988$15,747-$78,735
Fees for Services Other$40,956$25,568-$66,524
Payroll Taxes$40,794$10,198-$50,992
Conferences and Meetings$36,767$9,192-$45,959
Fees for Services Accounting-$36,000-$36,000
Office Expenses$15,874$3,968-$19,842
Information Technology$15,801$3,950-$19,751
Depreciation Depletion$2,531$14,435-$16,966
Insurance$9,788$2,447-$12,235
Other Expenses$4,596$9,315-$4,596
Interest-$691-$691
Total Functional Expenses$6,476,254$312,141$0$6,788,395

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,764,807
Total Expenses per Audited Statements$6,764,807
Total Expenses per Form 990$6,764,807
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Chattooga ConservancyClayton, GA501 C 3Cultural Preservation-
Cherokee Boys ClubCherokee, NC501 C 3Cultural Preservation-
Cherokee Boys ClubCherokee, NC501 C 3Cultural Preservation-
Cherokee Boys ClubCherokee, NC501 C 3Economic Development-
Cherokee Boys ClubCherokee, NC501 C 3Cultural Presrvation-
Cherokee Boys ClubCherokee, NC501 C 3Cultural Preservation-
Cherokee Boys ClubCherokee, NC501 C 3Employment Opportunities-
Cherokee Boys ClubCherokee, NC501 C 3Enviromentalpreservation-
Cherokee Boys ClubCherokee, NC501 C 3Cultural Preservation-
Cherokee Historical AssociationCherokee, NC501 C 3Cultural Preservation-
Cherokee Indian HospitalCherokee, NC501 C 3Cultural Preservation-
Community Foundation of WncAsheville, NC501 C 3Cultural Preservation-
Eastern Band of Cherokee IndiansCherokee, NC501 C 3Cultural Preservation-
Ebci Division of CommerceCherokee, NCGovernmentalEconomic Development-
Museum of the Cherokee IndianCherokee, NC501 C3Cultural Preservation-
North Carolina State UniversityRaleigh, NC501 C 3Cultural Preservation-
North Carolina State UniversityRaleigh, NC501 C 3Enviromental Preservation-
Riverlink IncAsheville, NC501 C 3Enviromental Preservation-
Snowbird Cherokee Tradition CorpRobbinsville, NC501 C 3Cultural Preservation-
The Center of Native HealthWhittier, NC501 C 3Cultural Preservation-
The Nc Arboretum SocietyAsheville, NC501 C 3Environmental Preservation-
The Nc International Folk FestivalWaynesville, NC501 C 3Cultural Preservation-
The Sequoyah FundCherokee, NC501 C 3Economic Development-
The Sequoyah FundCherokee, NC501 C 3Economic Development-
The Sequoyah FundCherokee, NC501 C 3Economic Development-
The Sequoyah Fund IncCherokee, NC501 C 3Economic Development-
Wcu College of Arts & SciencesCullowhee, NC501 C 3Cultural Preservation-
Western Carolina UniversityCullowhee, NC501 C 3Enviromental Preservation-
Western Nc Regional EducationAsheville, NC501 C 3Cultural Preservation-
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
DanFormer EmployeeNoneNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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

Member election for additional members Part VI line 7A

The governor of the state of north carolina appoints the foundations directors, two of which are selected from a list of nominees submitted by the chief of the eastern band of cherokee indians. The chief and chairman of the tribal council of the eastern band of cherokee indians also serve as directors

Form 990 governing body review Part VI line 11

The audit/investment committee review the form 990 in detail with the guidance of its finance officer. The full board is provided with a copy of the 990 before it is filed and performs a more cursory review of the document. The audit/investment committee members and finance officer answer all questions board members have.

CEO executive director top management comp Part VI line 15A

Comparability of salaries data for all staff members is gathered from the following sources; forms 990 of similiar organizations in north carolina, local organizations; and an annual salary and benfits survey from the council on foundations philanthropic trade organization. Salaries are proposed by the board chairman and executive director each year during the budgeting and annual staff evaluation processes. Then, the proposed salaries are presented in the draft budget submitted to the board.

Other officer or key employee compensation Part VI line 15B

As with executive officers, ceo, the same policy is used for all employees: comparability of salaries data for all staff members is gathered from the following sources; forms 990 of similiar organizations in north carolina, local organizations; and an annual salary and benfits survey from the council on foundations philanthropic trade organization. Salaries are proposed by the board chairman and executive director each year during the budgeting and annual staff evaluation processes. Then, the proposed salaries are presented in the draft budget submitted to the board.

Form 990 availability to public Part VI line 18

Photo copies of the form 990 are available upon request at the organizations administrative office. In addition, recent filings of the form 990 are available online at www.guidestar.org

Governing documents etc available to public Part VI line 19

All governing documents, policies and financial statements are make available upon request to any individual or organization, the foundation often shares its internal information in an effort to assist other organizations in adopting best practices.

Filing and Contact Details

Filer

Filer Name
Cherokee Preservation Foundation Inc
EIN
56-2272253
Address
PO BOX 504, CHEROKEE, NC 28719

Signing Officer

Name
Bobby Raines
Title
Executive Direc
Phone
8284975550
Signed
2025-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bobbie Raines
Formed
2001
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
10
Employees
8

Preparer

Firm
Hometown Tax & Accounting Service
Address
PO Box 1845 62 Tapoco Rd, Robbinsville, NC 28771
Preparer
Teresa L Phillips EA
Phone
8284799411
Supplemental Narrative

Additional Explanations

Audited by an independent accountant Part XII line 2B

The process has not changed from the prior year.

General explanation attachment

Part v, line 4:the endowment fund represents amounts set aside in a long-term invesments fund. The objective of the fund is to emphasize long-term growth of capital and to build a corpus that will help sustain the foundations operations in the future. The fund is not reported as restricted since there are not donor-imposed stipulations. Included in the endowment fund investment portfolio are monies designated for two leadership award funds. The objective of the funds is to emphasize short-term growth of capital, while simultaneously protecting the corpus from the effects of inflation, to allow for the awarding of annual leadership awards. The funds are not reported as restricted since there are no donor-imposed stipulations. Form 990, part iii, line 4astatement of program accomplishments:the mission of the cherokee preservation foundation (cpf) is to increase the quality of life of the eastern band of cherokee indians (ebci) and strengthen the western north carolina region. Cpf accomplish this mission as a grant maker, convener, partnership broker and community builder. In these roles, we award grants to nonprofit organizations, schools and higher learning institutions on or near tribal lands in the seven westernmost counties of north carolina. In additiion, we bring together groups with common interests and goals to share ideas, combine efforts and resources, and leverage resources from various funding organizations. We then network with regional, state and national organizations to seek and create partnerships enabling other funding organizations to invest in projects and groups in western north carolina, building the capacity of nonprofits on the qualla boundary (the ebcis homeland) and surrounding region.the foundations grant making to eligible organization include one-year grants, some of which are less than $5,000 and used for capacity, planning and project specific purposes. Larger grants are for project specific, and preservation and civic enhancement.during two grant funding cycles in fiscal year 2023, the board approved 30 grants and awards totaling $4.4 million. The foundation began operation in 2001 and has awarded grants and leadership awards in three focus areas - cultual preservation, economic development and employment opportunities. Cultural preservation**cherokee language initiative:one of the most recognizable cultural preservation initiatives is the cherokee language revitalization initative, which is a movement to save the cherokee language. The foundation supported this in 2023 by granting more than $40,000 to western carolina university for its cherokee language program. The foundation supported snowbird cherokee traditions with more than $78,000 to support cherokee second-language learners. *leadership and civic participation:*times of change are times of opportunity, but only if we are secure in our identity and leadership skills. The emergence of a solid leadership base is essential in maintaining a sustainable community. To help the tribe develop new leaders, the foundation has developed a progession of leadership programming. The goal of these cultural-based leadership initiatives is to produce a selfless, giving generation, grounded in tradiional cherokee values, who possess contemporary leadership shills. *cherokee youth leadership:*the cherokee youth councils (cyc) mission is to empower local youth to have a voice on issues that matter to them. Cyc is focused on strengthening its participation and contribution to the cherokee community youth with the opportunity to identify, develop, and assess projects that directly impacted the cherokee community. Approximately forty youth participate in biweekly meeting to plan and implement projects. These projects have focused on environmental protection, youth educational activities, and creating public awareness on teen pregnancy and bullying issues. *cultural exchange program:*the foundation has traditionally held a costa rica eco-study tour that provides

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IRS990ScheduleI/RecipientTable/IRCSectionDesc7GOVERNMENTAL
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CULTURAL PRESERVATION
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2CULTURAL PRESERVATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3CULTURAL PRESERVATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4CULTURAL PRESERVATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5CULTURAL PRESERVATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6CULTURAL PRESERVATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8CULTURAL PRESERVATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10CULTURAL PRESRVATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12ENVIROMENTAL PRESERVATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13CULTURAL PRESERVATION

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