Civic Intelligence

Cherokee Preservation Foundation Inc.

990 • Fiscal year 2017 • EIN 56-2272253

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 14, 2019

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

83rd percentile

0.06x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • NTEE T • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

0.28x

Higher debt load relative to revenue than 77% of similar nonprofits.

2017 filings • NTEE T • $25M-$50M nonprofits • Source year 2017

Net Margin

45th percentile

10%

Higher net margin than 45% of similar nonprofits.

2017 filings • NTEE T • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

19th percentile

$140,548

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2017 filings • NTEE T • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

-0.0%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • NTEE T • $25M-$50M nonprofits • Annualized from 2016 to 2017

Assets

Up

$34,859,088

Up $3,845,173 (+12%) from 2016

Net Assets

Up

$32,769,084

Up $3,338,058 (+11%) from 2016

Liabilities

Up

$2,090,004

Up $507,115 (+32%) from 2016

Revenue

Down

$7,505,523

Down $1,332 (-0.0%) from 2016

Expenses

Up

$6,737,423

Up $1,487,742 (+28%) from 2016

Net Income

Down

$768,100

Down $1,489,074 (-66%) from 2016

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

2017

Assets$34,859,088
Liabilities$2,090,004
Net Assets$32,769,084

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

2017

Revenue$7,505,523
Expenses$6,737,423
Net Income$768,100
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 14, 2019
Return Version
2016v3.0
Gross Receipts
$7,505,523
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$22,818,803$25,645,058▲ $2,826,255
Savings and Temporary Cash Investments$7,678,138$8,715,637▲ $1,037,499
Prepaid Expenses and Deferred Charges$327,857$300,910▼ $26,947
Land, Buildings, and Equipment, Net$171,558$197,483▲ $25,925
Accounts Receivable$13,921--
Cash and Non-Interest-Bearing Accounts$3,638--
Total Assets$31,013,915$34,859,088▲ $3,845,173
Liabilities
Grants Payable$1,547,286$2,047,010▲ $499,724
Accounts Payable and Accrued Expenses$35,603$42,994▲ $7,391
Total Liabilities$1,582,889$2,090,004▲ $507,115
Net Assets / Fund Balance
Unrestricted Net Assets$29,431,026$32,769,084▲ $3,338,058
Total Net Assets Fund Balance$29,431,026$32,769,084▲ $3,338,058
Total Liabilities and Net Assets / Fund Balance$31,013,915$34,859,088▲ $3,845,173

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$121,001$161,443$282,444
Other Land Buildings$76,482$67,454$118,011

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
2013$15,884,908$2,096,000▲ $1,792,196-$19,773,104
2012$13,350,923$611,000▲ $1,922,985-$15,884,908
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bobbie RainesExecutive DirectorFT$127,771$12,777$140,548

Board Members and Trustees

NameTitle
Dennis Bill TaylorBoard Member
Gil JacksonBoard Member
Ken BlankenshipBoard Member
Mary Jane FergusonBoard Member
Mike CooperBoard Member
David MckinnonCherokee County Commissioner
Richie SneedEbci Principal Chief
Revenue and Support

Revenue Composition

Contributions and Grants
$7,500,000
Program Service Revenue
$0
Investment Income
$5,523
Other Revenue
$0
Change in Net Assets
$768,100
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,589,693
Salaries, Compensation, and Employee Benefits$577,724
Other Expenses$570,006
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,586,564--$5,586,564
Other Salaries and Wages$136,834$227,223-$364,057
Current Officers, Directors, Trustees, and Key Employees-$128,072-$128,072
Other Expenses$20,279$116,288-$116,288
Fees for Services Other$81,330$27,110-$108,440
Travel$22,517$66,749-$89,266
All Other Expenses$86,324--$86,324
Occupancy-$82,126-$82,126
Pension Plan Contributions$13,683$35,530-$49,213
Payroll Taxes$10,358$26,024-$36,382
Office Expenses-$26,533-$26,533
Insurance-$14,233-$14,233
Conferences and Meetings$12,598--$12,598
Information Technology-$10,819-$10,819
Grants to Domestic Individuals$3,129--$3,129
Fees for Services Accounting-$2,575-$2,575
Fees for Services Legal-$525-$525
Total Functional Expenses$5,973,616$763,807$0$6,737,423
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ebci Division of CommerceCherokee, NCGovernmentalEconomic Development$883,000
Cherokee Boys ClubCherokee, NC501c3Cultural Preservation$633,123
Cherokee Historical AssociationCherokee, NC501c3Cultural Preservation$513,600
The Sequoyah FundCherokee, NC501c3Cultural Preservation$400,000
Museum of Cherokee IndianCherokee, NC501c3Environmental Preservation$373,471
Cherokee Historical AssociationAsheville, NC501c3Support Lacross Camp$344,981
Western Region Education ServiceAsheville, NC501c3Cultural Preservation$341,550
Cherokee Boys ClubCherokee, NC501c3Cultural Preservation$328,453
Mainspring Conservation TrustFranklin, NC501c3Cultural Preservation$303,600
Cherokee Boys ClubCherokee, NC501c3Cultural Preservation$284,823
Ebcikituawah Preservation & EduCherokee, NCGovernmental-$217,800
Cherokee Boys ClubCherokee, NC501c3Economic Development$207,955
Cherokee Boys ClubCherokee, NC501c3Economic and Workforce Development$206,561
North Carolina Symphony IncDurham, NC501c3Economic Development$169,165
Cherokee Boys ClubCherokee, NC501c3Cultural Preservation$156,500
Ebci Natural ResourcesCherokee, NCGovernmentalEnvironmental Preservation$145,000
Cherokee Boys ClubCherokee, NC501c3Cultural Preservation$139,535
Cherokee Boys ClubCherokee, NC501c3Cultural Preservation$130,900
Cherokee Boys ClubCherokee, NC501c3Cultural Preservation$107,571
Friends of the GsmnpAsheville, NC501c3Environmental Preservation$106,800
Revitalization Traditional CherokeeRaleigh, NCGovernmentalCultural Preservation$99,062
Wnc Nonprofit PathwaysAsheville, NC501c3Environmental Perservation$85,450
American Indian Science andAlbuquerque, NM501c3Workforce Development$71,793
Snowbird & Cherokee County ServicesCherokee, NCGovernmentWorkforce Development$70,115
Cherokee Boys ClubCherokee, NC501c3Economic Development$63,907
Cherokee Boys ClubCherokee, NC501c3Workforce Development$63,483
Cherokee Boys ClubCherokee, NC501c3Economic Development$55,748
Western Carolina UniversityCullowhee, NCGovernmentalCultural Preservation$45,267
Brent Creek InstituteAsheville, NC501c3Economic Development$40,885
Snowbird Cherokee Traditions CorpRobbinsville, NC501c3Cultural Preservation$37,203
Wcucherokee StudiesCherokee, NCGovernmentalCultural Preservation$30,250
Cherokee Boys ClubCherokee, NC501c3-$24,725
Cherokee Boys ClubCherokee, NC501c3Economic and Workforce Development$22,278
Ebci Communications DepartmentCherokee, NCGovernmentalCultural Preservation$20,000
Qualla Arts & Crafts MutualCherokee, NC501c3Environmental Preservation$20,000
Sequoyah Birthplace MuseumVonore, TN501c3Cultural Preservation$20,000
Southern CommissionSylva, NC501c3-$20,000
Footkmoot-north Carolina InterntlWaynesville, NC501c3Environmental Preservation$19,700
Highlands Biological StationHighlands, NC501c3Cultural Preservation$19,000
Ebci Enterprise DevelopmentCherokee, NCGovernmentalCultural Preservation$18,932
Cherokee Boys ClubCherokee, NC501c3-$17,448
Asheville Art MusuemAsheville, NC501c3Cultural Preservation$15,440
Ebci Communications DepartmentCherokee, NCGovernmentalEconomic Development$15,000
The Ray Kinsland Leadership-cbcCherokee, NC501c3Economic Development$12,537
Ebci Tribal Historic Preservation OCherokee, NCGovernmentalCultural Perservation$11,711
Ebci Cherokee Recreation DeptCherokee, NCGovernmentalCultural Preservation$10,000
Mainspring Conservation TrustFranklin, NC501c3Cultural Preservation$10,000
Stecoah Valley Arts Crafts andRobbinsville, NC501c3Environmental Preservation$10,000
Graham Revitalization EconomicRobbinsville, NC501c3Environmental Preservation$8,690
Swain Arts Center-high SchoolBryson City, NC501c3Cultural Preservation$8,000
Western Carolina UniversityCullowhee, NCGovernmentalEnvironmental Preservation$8,000
Chattooga ConservancyClayton, GA501c3Cultural Preservation$7,500
Trail of Tears AssociationWebbers Falls, OK501c3-$7,193
Cherokee Boys ClubCherokee, NC501c3Cultural Preservation$4,629
The Raven Rock Dancers-cpfCherokee, NC501c3Environmental Preservation$1,550
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
Yes
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

Form 990, part vi, section a, 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, and 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 benefits 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 made 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
EIN
56-2272253
Address
PO BOX 504, CHEROKEE, NC 28719
Doing Business As
Inc

Signing Officer

Name
Bobbie Raines
Title
Executive Direc
Phone
8284975550
Signed
2019-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richie Sneed
Formed
2001
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
11

Preparer

Firm
Hometown Tax Service
Address
P O BOX 1845, 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 no 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, schedule i, part iigrants are presented by type then recipient for the year. In some cases, a recipient will be presented multiple time on schedule i. 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 interst 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 organizationsto invest in projects and groups in western north carolina, building the capacity of nonprofits on the qualla boundary (the ebcis homeland) and the surrounding region.during two grant funding cycles in fiscal year 2017, the board approved 55 grants and leadership awards totaling $6,964,444.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 following strategic initiatives illustrate the foundations multi-year programming activities:cultural preservationcherokee language initiativethe cherokee language revitalization initiative, one of the cpfs most recognizable cultural preservation efforts, exemplifies a community-based approach to collaborative problem solving. With over 14 years of support from the foundation, the partners continue to take stategic actions toward progress. In 2017, the foundation continued to sustain these efforts by collaboration with applied image solutions to create level two of the cherokee language app while also adding to the online database. In 2017 kpep is preparing for year one of their adult immersion program. Leadership and civic participationtimes 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 cherokee tribe develop new leaders, the foundation has developed a progression of leadership programming, for youth and adult ebci members. The goal of these cultural-based leadership initiatives is to produce a selfless, giving generation, grounded in traditional cherokee values, that possess the contemporary leadership skills. In 2017 cpf start a collaborative project with the cherokee boys club, to maximize on the potential of the existing leadership programs - cherokee youth council, jones-bowman leadership award program, and right path. 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

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Document Assets

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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