Civic Intelligence

Cherokee Preservation Foundation Inc.

990 • Fiscal year 2019 • EIN 56-2272253

Oct 01, 2018 to Sep 30, 2019 • Filed on Mar 13, 2020

PO Box 504Cherokee, NC 28719

(828) 497-5500

Siviq Scores

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

Liabilities / Assets

88th percentile

0.05x

Higher debt load relative to assets than 88% of similar nonprofits.

2019 filings • NTEE T • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.24x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • NTEE T • $25M-$50M nonprofits • Source year 2019

Net Margin

51st percentile

12%

Higher net margin than 51% of similar nonprofits.

2019 filings • NTEE T • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

79th percentile

$157,722

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2019 filings • NTEE T • $25M-$50M nonprofits • Source year 2019

Asset Growth

61st percentile

8.9%

Faster asset growth than 61% of similar nonprofits.

2019 filings • NTEE T • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

42nd percentile

-1.9%

Faster revenue growth than 42% of similar nonprofits.

2019 filings • NTEE T • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$39,622,073

Up $3,246,368 (+8.9%) from 2018

Net Assets

Up

$37,830,423

Up $2,972,686 (+8.5%) from 2018

Liabilities

Up

$1,791,650

Up $273,682 (+18%) from 2018

Revenue

Down

$7,506,819

Down $148,393 (-1.9%) from 2018

Expenses

Down

$6,579,065

Down $767,270 (-10%) from 2018

Net Income

Up

$927,754

Up $618,877 (+200%) from 2018

Historical Trend

Balance Sheet Trend

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

$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

2019

Assets$39,622,073
Liabilities$1,791,650
Net Assets$37,830,423

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$7,506,819
Expenses$6,579,065
Net Income$927,754
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Mar 13, 2020
Return Version
2018v3.1
Gross Receipts
$7,506,819
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.

To protect, preserve, and enhance the overall well-being of the cherokee people. To increase the quality of life of the eastern band of cherokee indians and strengthen the western north carolina region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$27,168,538$31,963,470▲ $4,794,932
Savings and Temporary Cash Investments$8,735,721$7,214,001▼ $1,521,720
Prepaid Expenses and Deferred Charges$273,963$247,016▼ $26,947
Land, Buildings, and Equipment, Net$197,483$174,606▼ $22,877
Pledges and Grants Receivable-$22,980-
Total Assets$36,375,705$39,622,073▲ $3,246,368
Liabilities
Grants Payable$1,508,662$1,791,650▲ $282,988
Accounts Payable and Accrued Expenses$9,306--
Total Liabilities$1,517,968$1,791,650▲ $273,682
Net Assets / Fund Balance
Unrestricted Net Assets$34,857,737$37,830,423▲ $2,972,686
Total Net Assets Fund Balance$34,857,737$37,830,423▲ $2,972,686
Total Liabilities and Net Assets / Fund Balance$36,375,705$39,622,073▲ $3,246,368

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$91,729$193,924$282,444
Other Land Buildings$82,877$67,454$143,936

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$27,168,538$2,750,000▲ $2,044,931-$31,963,469
2017$25,388,761-▲ $1,779,777-$27,168,538
2016$22,818,803-▲ $2,569,958-$25,388,761
2015$20,544,583-▲ $2,274,220-$22,818,803
2014$19,773,104$783,000▼ $11,521-$20,544,583
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bobbie RainesExecutive DirectorFT$135,850$21,872$157,722

Board Members and Trustees

NameTitle
Danny BurnsBoard Member-chairman
Adam WachachaEbci Tribal Council Chair
David AndersonBoard Member
Gil JacksonBoard Member
Mary Jane FergusonBoard Member
Mike CooperBoard Member
Catcuce TigerBoard Member-chief Apointed
Melissa SmithBoard Member-chief Apointed
Ronnie BealeBoard Member-commissioner
April RoseBoard Member-rnschool Nurse
Richie SneedEbci Principal Chief
Revenue and Support

Revenue Composition

Contributions and Grants
$7,500,000
Program Service Revenue
$0
Investment Income
$6,819
Other Revenue
$0
All Other Contributions
$7,500,000
Change in Net Assets
$927,754
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,401,269
Salaries, Compensation, and Employee Benefits$756,743
Other Expenses$421,053
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,395,783--$5,395,783
Other Salaries and Wages$250,294$58,257-$308,551
Current Officers, Directors, Trustees, and Key Employees-$245,960-$245,960
Other Employee Benefits$70,151$85,741-$155,892
Fees for Services Other$126,555$12,623-$139,178
Conferences and Meetings$30,241$36,961-$67,202
Depreciation Depletion-$66,576-$66,576
Office Expenses$3,361$58,781-$62,142
Occupancy-$54,810-$54,810
Payroll Taxes$18,686$22,840-$41,526
Fees for Services Accounting-$13,667-$13,667
Grants to Domestic Individuals$5,486--$5,486
Pension Plan Contributions$2,166$2,648-$4,814
Insurance-$3,761-$3,761
Information Technology-$2,965-$2,965
Fees for Services Legal-$2,034-$2,034
Other Expenses$6,952$1,766-$1,766
Total Functional Expenses$5,909,675$669,390$0$6,579,065
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ebci Division of CommerceCherokee, NCGovernmentalEconomic Development$1,445,876
Cherokee County Public SchoolsCherokee, NCGovernmentalEconomic Development$720,929
The Sequoyah Fund IncCherokee, NC501 C 3Economic Development$500,000
Museum of the Cherokee IndianCherokee, NC501 C 3Cultural Preservation$459,694
Western Region Education Srv AllAsheville, NC501 C 3Economic Development$355,927
Cherokee Boys ClubCherokee, NC501 C 3Economic Development$313,614
Cherokee Historical AssociationCherokee, NC501 C 3Cultural Preservation$245,000
Cherokee Boys ClubCherokee, NC501 C 3Cultural Presrvation$161,790
Cherokee Boys ClubCherokee, NC501 C 3Cultural Preservation$155,650
Cherokee Boys ClubCherokee, NC501 C 3Cultural Preservation$136,950
American Indian Science EngineeringAlbuquerque, NM501 C 3Economic Development$104,992
North Carolina State UniversityRaleigh, NC501 C 39443400$94,434
North Carolina State UniversityRaleigh, NC501 C 3Cultural Preservation$76,076
Cherokee Boys ClubCherokee, NC501 C 3Cultural Preservation$66,298
Wcu Cherokee StudiesCullowhee, NC501 C 3Cultural Preservation$59,620
The Nc International Folk FestivalWaynesville, NC501 C 3Cultural Preservation$49,000
Wnc Regional Education FoundationAsheville, NC501 C 3Cultural Preservation$47,786
Snowbird Cherokee Traditions CorpRobbinsville, NC501 C 3Cultural Preservation$35,540
Mainstring Conservation TrustFranklin, NC501 C 3Cultural Preservation$32,900
Eastern Band of Cherokee IndiansCherokee, NCGovernmentalCultural Preservation$20,000
Ebci Cherokee Youth CenterCherokee, NCGovernmentalCultural Preservation$20,000
Snowbird LibraryRobbinsville, NC501 C 3Cultural Preservation$20,000
Southwestern CommissionSylva, NC501 C 3Economic Development$20,000
Cherokee Boys ClubCherokee, NC501 C 3Economic Development$19,387
The Museum of the Cherokee IndianCherokee, NC501 C 3Cultural Preservation$19,250
Buncombe County Ptnshp for ChildrenAsheville, NC501 C 3Environmental Preservation$10,000
Haywood County Finance DepartmentWaynesville, NC501 C 3Cultural Preservation$10,000
Nikwasi InitiativeFranklin, NC501 C 3Cultural Preservation$9,130
Chattooga ConservancyClayton, GA501 C 3Environmentalpreservation$7,500
Western Carolina UniversityCullowhee, NC501 C 3Economic Development$7,150
Ebcikituwah Presrvation & Edu ProgCherokee, NCGovernmentalEvironmental Preservation$6,462
Ebci Domestic Violence Sexual AssulCherokee, NCGovernmentalEnvironmental Preservation$5,000
Swain County Public SchoolsBryson City, NC501 C 3Cultural Preservation$4,970
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
Backup withholding compliance
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

Officer directors etc family relationship Part VI line 2

Executive director, bobby raines, and employee, daniel martin, have a business relationship that began in 2015 before bobby raines became executive director. No cpf monies have been granted to this business and no issues or challenges have been found with this business relationship.

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 before the 990 document is filed.

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 Executive
Title
Executive Direc
Phone
8284975550
Signed
2020-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bobbie Raines
Formed
2001
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
11
Employees
8
Volunteers
12

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 accomplishes 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 western most counties of north carolina. In additiion, we bring together groups with common interest and goals to share ideas, combine efforts and resources, and leverage resources from variour 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.during two grant funding cycles in fiscal year 2019, the board approved 32 grants and leadership awards totaling $5,235,925.stategic initiatives:in addition to making high-quality, one-year grants, the foundation pursues grant making opportunities where investmest can effect systemic change and positive long-term results. Such multi-year grant making integrates planning, grants, cluster evaluation and strategic communication. The followingstrategic initiatives illustrate the foundations multi year programing activity: cultural preservationcherokee language initiativethe cherokee language revitalization initiative, one of the cpfs most recognizable cultural preservation efforts, continues to move forward in preserving and perpetuating the cherokee language. Kpep and ccs remain the largest and most impactful partners, continuing their community and second-language learning efforts, making progress in teacher developments efforts with wcu, and building on the findings from the cherokee language summit and symposiums. Kpep and ccs are collaborating on a multilevel cherokee language app. Kpep will continue to grow the adult immersion program that employs members from the community who are interested to learn the cherokee language. Snowbird cherokee co traditions has a year-round language program for students to participate in after school and during the summer. The language partner directors meet quarterly to share information and updates with one another to promote collaboration. A state of emergency was called for the language in the summer of 2019. Cpf expects to see more efforts and resources put into the language programs for the upcoming years. Progress:kpep partnered with the tribe and was able to distribute cherokee language books to over 1200 households in september 2019. Wcus cherokee language program has hired their new language instructor, rainy barke. This has helped with archiving and translation of materials. Attendance has increased within their language classes this semester. The ebci tribe held a language symposium on november 19th at new kituwah academy to gather all the key people involved with cherokee language efforts to start planning and organizing for the future. Cherokee preservation foundation is ex

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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