Native360 Loan Fund INC

Tax-deductible

Grand Island, NE501(c)(3)Community DevelopmentEIN 27-4573866

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Provide affordable credit, capital, technical assistance and programs to ponca tribal members and other Native americans encouraging them to become strong and self sufficient business owners

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$324K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.8M a year · 70% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$324K
to officers and key staff · 42% of spending
Top officer’s pay higher than 71% of similar orgs
Concern: pay to officers and key staff is 42% of spending; over 30%.
Pt VII · Sec A
Cash reserves
130 mo
of spending, in cash
Looks good: 130.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $2.6M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.7M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.2M
+88% vs prior year
Spent
$770K
To programs
63%
Net assets
$10.8M
By yearFY2020–FY2024
Revenue
$4.2M
FY2024▲ +88%
Revenue by fiscal year
FY2020$1.8M
FY2021$2.5M
FY2022$2.1M
FY2023$2.3M
FY2024$4.2M
Expenses
$770K
FY2024▼ -6%
Expenses by fiscal year
FY2020$626K
FY2021$763K
FY2022$839K
FY2023$818K
FY2024$770K
Net assets
$10.8M
FY2024▲ +47%
Net assets by fiscal year
FY2020$3.0M
FY2021$4.7M
FY2022$6.0M
FY2023$7.4M
FY2024$10.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $482K Management & general 37% · $288K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $324K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$215,681Pt VII · Sec A
Senior Finan
$101,054Pt VII · Sec A
Treasurer
$1,715Pt VII · Sec A
$1,600Pt VII · Sec A
Chairman
$1,600Pt VII · Sec A
Vice Chair
$1,300Pt VII · Sec A
Director
$700Pt VII · Sec A

Percy Upton’s $216K as Executive Di is at the 71st percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022
Percy Upton$215,681$197,272$201,430
Nicolle Upton$101,054$87,029$98,996
Rory Bowen$1,715$1,400$1,400
Sam Nelson$1,600$1,400$1,600
Jenny Richardson$1,600——
Bruce Long$700$1,400$1,600
Jenifer Richardson—$1,400$1,600
Todd Mullinar—$1,400$1,600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II6 listed

Programs and updates

Empowers Native Americans with business loans, training, and support to build self-sufficient enterprises.

Provided by the organization

This section is blank until Native360 Loan Fund INC claims this page.

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1 program service account for $482K of program spending, described in the organization's own filed words · FY2024.
01

Provide training and technical assistance to ponca tribe of nebraska tribal members and other native americans seeking to start, maintain or expand small businesses. This support will come from workshops, seminars, web based services, help writing a business plan, credit repair services, entrepreneurial training, web based technical…

$482Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$2.6M
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Gifts and grantsLn 1h$3.7M
Fees for servicesLn 2g$319K
Investment incomeLn 3$118K
Money outPt IX
$770K
Ln 25
Programscol B$482K
Managementcol C$288K
Owns and owesPt X
$10.8M
net assets · Ln 32
Cash and savingsLn 1–2$8.4M
Total assetsLn 16$14.6M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
7
listed · VII A
PaidVII A7
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.7M
Government grantsLn 1e$1.2M
Fees for servicesLn 2g$319K
Investment incomeLn 3$118K
Other incomeLn 4–11$39K
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$5.2M
SavingsLn 2$3.1M
Cash and savings togetherLn 1–2$8.4M
Land, buildings, equipmentLn 10c$16K
Other assetsLn 15$69K
Total assetsLn 16$14.6M
LiabilitiesLn 26$3.7M
Net assetsLn 32$10.8M
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$5.6M$8.4M
Land, buildings, equipmentLn 10c$15K$16K
Total assetsLn 16$10.9M$14.6M
LiabilitiesLn 26$3.5M$3.7M
Net assetsLn 32$7.4M$10.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$216K$142K$73K
Other salaries and wagesLn 7$142K$94K$48K
Pension plan contributionsLn 8$20K$13K$7K
Other employee benefitsLn 9$48K$32K$16K
Payroll taxesLn 10$25K$16K$8K
Legal feesLn 11b$55K$55K
Other fees for servicesLn 11g$71K$28K$43K
Advertising and promotionLn 12$31K$31K
Office expensesLn 13$9K$9K
Information technologyLn 14$3K$3K
OccupancyLn 16$18K$12K$6K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$561$370$191
InterestLn 20$54K$54K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$56K$53K$3K
All other expensesLn 24e$5K$1K$4K
Total functional expensesLn 25$770K$482K$288K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.2M$770K$3.5M$10.8M 990 PDF
FY2023 $2.3M$818K$1.4M$7.4M 990 PDF
FY2022 $2.1M$839K$1.2M$6.0M 990 PDF
FY2021 $2.5M$763K$1.7M$4.7M 990 PDF
FY2020 $1.8M$626K$1.2M$3.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $4,223,801 across 7 lines filed
VIII-1e Government grants$1,174,526
VIII-1f All other contributions, gifts and grants$2,574,068
VIII-1h Total contributions, gifts and grants$3,748,594
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $318,773$318,773
VIII-3 Investment incomeExcluded from tax $117,778$117,778
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $38,656$38,656
VIII-12 Total revenueRelated to mission $357,429 · Excluded from tax $117,778$4,223,801
Part IX · Statement of functional expenses $769,750 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $142,350 · Management $73,331$215,681
IX-7 Other salaries and wagesPrograms $93,506 · Management $48,171$141,677
IX-8 Pension plan contributionsPrograms $12,893 · Management $6,643$19,536
IX-9 Other employee benefitsPrograms $31,871 · Management $16,417$48,288
IX-10 Payroll taxesPrograms $16,317 · Management $8,405$24,722
IX-11b Legal feesPrograms $55,001$55,001
IX-11g Other fees for servicesPrograms $28,057 · Management $42,787$70,844
IX-12 Advertising and promotionPrograms $30,991$30,991
IX-13 Office expensesManagement $9,272$9,272
IX-14 Information technologyManagement $3,072$3,072
IX-16 OccupancyPrograms $11,949 · Management $6,156$18,105
IX-17 TravelPrograms $3,519$3,519
IX-19 Conferences, conventions and meetingsPrograms $370 · Management $191$561
IX-20 InterestManagement $53,765$53,765
IX-22 Depreciation, depletion and amortizationManagement $3,659$3,659
IX-23 InsuranceManagement $9,298$9,298
IX-24 Other expenses (24a–d)Programs $53,392 · Management $3,095$56,487
IX-24e All other expensesPrograms $1,382 · Management $3,890$5,272
IX-25 Total functional expensesPrograms $481,598 · Management $288,152 · Fundraising $0$769,750
Part X · Balance sheet $14,595,940 assets, 15 lines filed
Asset lines not itemized here account for $5,294,211; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,545,726$5,230,744
X-2 Savings and temporary cash investmentsStart of year $2,014,738$3,132,516
X-3 Pledges and grants receivableStart of year $507,015$850,000
X-9 Prepaid expenses and deferred chargesStart of year $9,041$2,940
X-10c Land, buildings and equipment, netStart of year $14,874$16,306
X-15 Other assetsStart of year $81,023$69,223
X-16 Total assetsStart of year $10,944,660$14,595,940
X-17 Accounts payable and accrued expensesStart of year $36,549$42,110
X-24 Unsecured notes and loans payableStart of year $3,476,289$3,685,000
X-25 Other liabilitiesStart of year $36,001$18,958
X-26 Total liabilitiesStart of year $3,548,839$3,746,068
X-27 Net assets without donor restrictionsStart of year $6,389,210$10,809,872
X-28 Net assets with donor restrictionsStart of year $1,006,611$40,000
X-32 Total net assets or fund balancesStart of year $7,395,821$10,849,872
X-33 Total liabilities and net assetsStart of year $10,944,660$14,595,940
Part XI · Reconciliation of net assets $10,849,872 net assets at year end
XI-1 Total revenue$4,223,801
XI-2 Total expenses$769,750
XI-3 Revenue less expenses$3,454,051
XI-4 Net assets at start of year$7,395,821
XI-10 Net assets at end of year$10,849,872

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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