Civic Intelligence

Indigenous Education Inc.

990 • Fiscal year 2022 • EIN 81-1754189

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

Organization ProfileCOBELLSCHOLAR.ORG
2155 Louisiana Blvd NE Suite 10100Albuquerque, NM 87110

(505) 313-0032

Siviq Scores

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

Liabilities / Assets

85th percentile

0.84x

Higher debt load relative to assets than 85% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

68th percentile

0.43x

Higher debt load relative to revenue than 68% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Net Margin

24th percentile

-1.6%

Higher net margin than 24% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

52nd percentile

$137,726

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2022 filings • NTEE B • $5M-$10M nonprofits • Source year 2022

Asset Growth

52nd percentile

3.6%

Faster asset growth than 52% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

2.1%

Faster revenue growth than 34% of similar nonprofits.

2022 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$3,871,747

Up $133,201 (+3.6%) from 2021

Net Assets

Down

$612,050

Down $126,458 (-17%) from 2021

Liabilities

Up

$3,259,697

Up $259,659 (+8.7%) from 2021

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin24th percentile

Revenue

Up

$7,601,899

Up $159,138 (+2.1%) from 2021

Expenses

Down

$7,724,357

Down $43,781 (-0.6%) from 2021

Net Income

Up

-$122,458

Up $202,919 (+62%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

2022

Assets$3,871,747
Liabilities$3,259,697
Net Assets$612,050
Open 2022 Filing

Operations Trend

Revenue Growth34th percentile

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

2022

Revenue$7,601,899
Expenses$7,724,357
Net Income-$122,458
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$7,601,899
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$3,000,000$3,012,500▲ $12,500
Cash and Non-Interest-Bearing Accounts$692,613$388,205▼ $304,408
Prepaid Expenses and Deferred Charges$27,725$28,944▲ $1,219
Land, Buildings, and Equipment, Net$18,208$12,501▼ $5,707
Total Assets$3,738,546$3,871,747▲ $133,201
Other Assets Total-$429,597-
Liabilities
Other Liabilities$2,955,582$3,218,048▲ $262,466
Accounts Payable and Accrued Expenses$44,456$41,649▼ $2,807
Total Liabilities$3,000,038$3,259,697▲ $259,659
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$487,097$328,045▼ $159,052
Net Assets With Donor Restrictions$251,411$284,005▲ $32,594
Total Net Assets Fund Balance$738,508$612,050▼ $126,458
Total Liabilities and Net Assets / Fund Balance$3,738,546$3,871,747▲ $133,201

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,501$77,735$90,236
Other Assets Org$429,597--
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melvin E MonettePresident/ceFT$126,588$11,138$137,726

Board Members and Trustees

NameTitle
Clinton CarrollBoard Member
Kelly FayardBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$7,576,899
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$25,000
All Other Contributions
$7,576,899
Change in Net Assets
$-122,458

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,601,899
Total Revenue per Audited Statements
$7,601,899
Total Revenue per Form 990
$7,601,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,470,418
Salaries, Compensation, and Employee Benefits$711,503
Other Expenses$542,436
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$6,470,418--$6,470,418
Other Salaries and Wages$309,117$166,447-$475,564
Fees for Services Other$107,439$57,852-$165,291
Current Officers, Directors, Trustees, and Key Employees$89,188$48,538-$137,726
Travel$44,793$24,120-$68,913
Occupancy$45,708$20,611-$66,319
Fees for Services Accounting$38,547$20,756-$59,303
Other Employee Benefits$33,822$20,730-$54,552
Office Expenses$27,482$18,321-$45,803
Payroll Taxes$21,490$13,171-$34,661
Advertising$12,534$6,749-$19,283
Other Expenses$6,591$8,557-$15,148
Insurance$7,448$4,011-$11,459
Depreciation Depletion$6,001$3,232-$9,233
Pension Plan Contributions$5,580$3,420-$9,000
Total Functional Expenses$7,274,017$450,340$0$7,724,357

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,728,357
Expenses per Audited Statements$7,724,357
Total Expenses per Form 990$7,724,357
Expenses Not Reported on Form 990$4,000
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$2,779,869
Operating Right of Use Liab.$438,179
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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

“Form 990, part vi, line 8b - documentation by committee explanation the board of directors does not separate into committees”

Form 990, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 12C

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

Form 990, Page 6, Part VI, Line 15A

“Organization ceo compensation level was studied and compared to similar organizations before it was included as part of the ceo position.”

Form 990, Page 6, Part VI, Line 18

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

Form 990, Page 6, Part VI, 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
2155 LOUISIANA BLVD NE SUITE 10100, ALBUQUERQUE, NM 87110

Signing Officer

Name
Melvin E Monette
Title
President/CEO
Signed
2023-11-10
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
13

Preparer

Firm
Pulakos Cpas Pc
Address
5921 JEFFERSON ST NE, ALBUQUERQUE, NM 87109
Preparer
Colleen a Lino CPA
Phone
5053381500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“ADJ FOR ASU 842 -4,000”

Financial Statement Notes

Schedule D, Page 3, Part X

“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 the organization's financial statements. The organization's income tax filings are subject to audit by various taxing authorities. The organization's open audit periods are for 2018 and thereafter. The organization believes that it has appropriate support for any tax position taken as such and does not have uncertain tax positions that are material to the financial statements.”

Schedule D, Page 4, Part XII, Line 2D

“ADJ FOR ASU 842 4,000”

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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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ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,871,747
Liabilities
$3,259,697
Net assets
$612,050
Revenue
$7,601,899
Expenses
$7,724,357
Net income
-$122,458
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.53$4.22$0.31$10.1$10.3$0.24
2023Detailed filing. Detailed filing data is available for this year.$3.72$3.17$0.55$7.85$7.91$0.07
2022Detailed filing. Detailed filing data is available for this year.$3.87$3.26$0.61$7.60$7.72$0.12
2021Detailed filing. Detailed filing data is available for this year.$3.74$3.00$0.74$7.44$7.77$0.33
2020Detailed filing. Detailed filing data is available for this year.$3.83$2.76$1.06$7.63$7.39$0.24
2019Detailed filing. Detailed filing data is available for this year.$3.62$2.79$0.83$7.28$7.17$0.11
2018Detailed filing. Detailed filing data is available for this year.$2.56$1.84$0.72$5.33$5.58$0.25
2017Detailed filing. Detailed filing data is available for this year.$2.63$1.66$0.97$5.55$4.64$0.91
2016Detailed filing. Detailed filing data is available for this year.$1.58$1.52$0.06$3.74$3.68$0.06