Civic Intelligence

Indigenous Education Inc.

990 • Fiscal year 2017 • EIN 81-1754189

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

6501 Americas Parkway NE No 825Albuquerque, NM 87110

(505) 313-0032

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.63x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

58th percentile

0.30x

Higher debt load relative to revenue than 58% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Net Margin

77th percentile

16%

Higher net margin than 77% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

29th percentile

$83,998

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Asset Growth

95th percentile

67%

Faster asset growth than 95% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

48%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,628,911

Up $1,053,794 (+67%) from 2016

Net Assets

Up

$965,013

Up $906,807 (+1558%) from 2016

Liabilities

Up

$1,663,898

Up $146,987 (+9.7%) from 2016

Revenue

Up

$5,548,928

Up $1,810,635 (+48%) from 2016

Expenses

Up

$4,642,121

Up $962,034 (+26%) from 2016

Net Income

Up

$906,807

Up $848,601 (+1458%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2016: $1,575,117Liabilities 2016: $1,516,911Net Assets 2016: $58,2062016Assets 2017: $2,628,911Liabilities 2017: $1,663,898Net Assets 2017: $965,0132017Assets 2018: $2,558,790Liabilities 2018: $1,840,402Net Assets 2018: $718,3882018Assets 2019: $3,616,053Liabilities 2019: $2,788,601Net Assets 2019: $827,4522019Assets 2020: $3,826,279Liabilities 2020: $2,762,394Net Assets 2020: $1,063,8852020Assets 2021: $3,738,546Liabilities 2021: $3,000,038Net Assets 2021: $738,5082021Assets 2022: $3,871,747Liabilities 2022: $3,259,697Net Assets 2022: $612,0502022Assets 2023: $3,715,000Liabilities 2023: $3,168,299Net Assets 2023: $546,7012023Assets 2024: $4,529,362Liabilities 2024: $4,217,994Net Assets 2024: $311,3682024

Highlighted filing

2017

Assets$2,628,911
Liabilities$1,663,898
Net Assets$965,013

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2016: $3,738,293Expenses 2016: $3,680,087Net Income 2016: $58,2062016Revenue 2017: $5,548,928Expenses 2017: $4,642,121Net Income 2017: $906,8072017Revenue 2018: $5,332,296Expenses 2018: $5,578,921Net Income 2018: -$246,6252018Revenue 2019: $7,276,209Expenses 2019: $7,167,145Net Income 2019: $109,0642019Revenue 2020: $7,628,453Expenses 2020: $7,390,963Net Income 2020: $237,4902020Revenue 2021: $7,442,761Expenses 2021: $7,768,138Net Income 2021: -$325,3772021Revenue 2022: $7,601,899Expenses 2022: $7,724,357Net Income 2022: -$122,4582022Revenue 2023: $7,848,383Expenses 2023: $7,913,732Net Income 2023: -$65,3492023Revenue 2024: $10,059,894Expenses 2024: $10,295,227Net Income 2024: -$235,3332024

Highlighted filing

2017

Revenue$5,548,928
Expenses$4,642,121
Net Income$906,807
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$5,548,928
Mission and Program Overview

Mission

Providing elevated opportunities for native college students through empowering them with an impactful scholarship experience designed to support their success in higher education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$0$2,107,811▲ $2,107,811
Cash and Non-Interest-Bearing Accounts$1,499,900$428,199▼ $1,071,701
Land, Buildings, and Equipment, Net$57,070$60,136▲ $3,066
Prepaid Expenses and Deferred Charges$14,433$32,765▲ $18,332
Total Assets$1,575,117$2,628,911▲ $1,053,794
Other Assets Total$3,714$0▼ $3,714
Liabilities
Other Liabilities$1,496,403$1,601,160▲ $104,757
Accounts Payable and Accrued Expenses$20,508$62,738▲ $42,230
Total Liabilities$1,516,911$1,663,898▲ $146,987
Net Assets / Fund Balance
Temporarily Rstr Net Assets$20,239$658,194▲ $637,955
Unrestricted Net Assets$37,967$306,819▲ $268,852
Total Net Assets Fund Balance$58,206$965,013▲ $906,807
Total Liabilities and Net Assets / Fund Balance$1,575,117$2,628,911▲ $1,053,794

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$60,136$16,679$76,815
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melvin E MonettePresident/CEOFT$83,364$634$83,998

Board Members and Trustees

NameTitle
Clinton CarrollMember
Kelly FayardMember
Revenue and Support

Revenue Composition

Contributions and Grants
$5,548,928
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,548,928
Change in Net Assets
$906,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,548,928
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,548,928
Total Revenue per Form 990
$5,548,928
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,862,045
Other Expenses$391,016
Salaries, Compensation, and Employee Benefits$389,060
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$3,862,045--$3,862,045
Other Salaries and Wages$152,656$81,500-$234,156
Travel$61,283$26,264-$87,547
Current Officers, Directors, Trustees, and Key Employees$54,599$30,099-$84,698
Fees for Services Accounting$31,890$20,875-$52,765
Occupancy$30,362$16,349-$46,711
Other Employee Benefits$24,210$16,154-$40,364
Information Technology$22,116$11,909-$34,025
Conferences and Meetings$17,733$9,017-$26,750
Payroll Taxes$17,013$9,161-$26,174
Fees for Services Other$16,868$9,083-$25,951
Office Expenses$12,935$6,965-$19,900
Advertising$11,923$6,420-$18,343
Depreciation Depletion$7,228$3,892-$11,120
Other Expenses$5,602$3,097$0$8,699
Pension Plan Contributions$2,384$1,284-$3,668
Insurance-$2,860-$2,860
Total Functional Expenses$4,357,171$284,950$0$4,642,121

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,642,121
Total Expenses per Audited Statements$4,642,121
Total Expenses per Form 990$4,642,121
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarships Payable$1,601,160
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 A, Line 8B

The board of directors does not separate into committees

Form 990, Part VI, Section B, Line 11B

The 990 is distributed to board of director members for review before filing.

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

The organization requires the board of directors to disclose any possible conflict annually.

Form 990, Part VI, Section B, Line 15

Organization ceo compensation level was studied and compared to similar organizations by the cobell board of trustees before it was included as part of the ceo position.

Form 990, Part VI, Section C, Line 18

The organization's form 990 is listed on guidestar which gets information direct from the irs.

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 upon request.

Filing and Contact Details

Filer

Filer Name
Indigenous Education Inc
EIN
81-1754189
Phone
5053130032
Address
6501 AMERICAS PARKWAY NE NO 825, ALBUQUERQUE, NM 87110

Signing Officer

Name
Melvin E Monette
Title
President/CEO
Phone
5053130032
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melvin E Monette
Formed
2016
Legal Domicile
Nm
Voting Board Members
3
Independent Board Members
2
Employees
10
Volunteers
0

Preparer

Firm
Pulakos Cpas Pc
Address
5921 JEFFERSON STREET NE, ALBUQUERQUE, NM 87109
Preparer
Robert a Depasquale
Phone
5053381500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is a nonprofit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and is considered a public charity. Therefore, no provision for income taxes has been included in these financial statements. The organization's income tax filings are subject to audit by various taxing authorities. The organization's open audit periods are for 2016 and thereafter. The organization believes that it has appropriate support for any tax position taken as such and does not have any uncertain tax positions that are material to the financial statements.

Raw XML Appendix369 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/Form990ScheduleAPartVIGrp/ExplanationTxt0THE TAX RETURN FOR 2016 WAS A SHORT YEAR RETURN FROM MARCH 1, 2016 TO DECEMBER 31, 2016. THE ORGANIZATION BEGAN OPERATIONS MARCH 1, 2016.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CONSIDERED A PUBLIC CHARITY. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATION'S OPEN AUDIT PERIODS ARE FOR 2016 AND THEREAFTER. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AS SUCH AND DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt04642121
IRS990ScheduleD/TotalLiabilityAmt01601160
IRS990ScheduleD/TotalRevenuePerForm990Amt05548928
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05548928
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04642121
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt03862045
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP PROVIDED TO VERIFIED TRIBALLY-ENROLLED MEMBERS OF US FEDERALLY-RECOGNIZED TRIBES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01211
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP ARE PROVIDED TO VERIFIED TRIBALLY-ENROLLED MEMBERS OF US FEDERALLY-RECOGNIZED TRIBES WHO ATTEND ACCREDITED NONPROFIT PUBLIC AND PRIVATE INSTITUTIONS OF HIGHER EDUCATION FOR FULL-TIME PURSUIT OF DEGREES AT THE VOCATIONAL, UNDERGRADUATE AND GRADUATE OR PROFESSIONAL LEVELS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS DOES NOT SEPARATE INTO COMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS DISTRIBUTED TO BOARD OF DIRECTOR MEMBERS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REQUIRES THE BOARD OF DIRECTORS TO DISCLOSE ANY POSSIBLE CONFLICT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION CEO COMPENSATION LEVEL WAS STUDIED AND COMPARED TO SIMILAR ORGANIZATIONS BY THE COBELL BOARD OF TRUSTEES BEFORE IT WAS INCLUDED AS PART OF THE CEO POSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FORM 990 IS LISTED ON GUIDESTAR WHICH GETS INFORMATION DIRECT FROM THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt020239
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0658194
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01575117
IRS990/TotalAssetsEOYAmt02628911
IRS990/TotalAssetsGrp/BOYAmt01575117
IRS990/TotalAssetsGrp/EOYAmt02628911
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05548928
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0284950
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04357171
IRS990/TotalFunctionalExpensesGrp/TotalAmt04642121
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01516911
IRS990/TotalLiabilitiesEOYAmt01663898
IRS990/TotalLiabilitiesGrp/BOYAmt01516911
IRS990/TotalLiabilitiesGrp/EOYAmt01663898
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt058206
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0965013
IRS990/TotalOtherCompensationAmt0634
IRS990/TotalProgramServiceExpensesAmt04357171
IRS990/TotalReportableCompFromOrgAmt083364
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05548928
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01575117
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02628911
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt026264
IRS990/TravelGrp/ProgramServicesAmt061283
IRS990/TravelGrp/TotalAmt087547
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt037967
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0306819
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06501 AMERICAS PARKWAY NE NO 825
IRS990/USAddress/CityNm0ALBUQUERQUE
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087110
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0COBELLSCHOLAR.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELVIN E MONETTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05053130032
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDIGENOUS EDUCATION INC
ReturnHeader/Filer/BusinessNameControlTxt0INDI
ReturnHeader/Filer/EIN0811754189
ReturnHeader/Filer/PhoneNum05053130032
ReturnHeader/Filer/USAddress/AddressLine1Txt06501 AMERICAS PARKWAY NE NO 825
ReturnHeader/Filer/USAddress/CityNm0ALBUQUERQUE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087110
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId096A8D68A065E396CE3ABE4E85476C6EA8F37D5E5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DB7DAEF3672CC83BCBB6D8FF6FD3C94342386567
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt023.31.114.185
ReturnHeader/FilingSecurityInformation/IPDt02018-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0MS
ReturnHeader/FilingSecurityInformation/IPTm013:40:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0850219147
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PULAKOS CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05921 JEFFERSON STREET NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBUQUERQUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087109
ReturnHeader/PreparerPersonGrp/PhoneNum05053381500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT A DEPASQUALE
ReturnHeader/ReturnTs02018-11-14T15:13:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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