Is it real?
Yes. Exemption reinstated (2013-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Nov 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
10 people listed on the 990; $191K paid to officers and key staff.
Russ Seagle’s $152K as Executive Di is at the 47th 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Russ Seagle | $152,125 | $149,416 | $157,829 | $135,250 | $125,320 |
| Amber H Huskey | $106,011 | $103,923 | — | — | — |
| Ashford Smith | $90,488 | $57,808 | — | — | — |
| Emily Breedlove | — | — | — | $4,500 | $17,012 |
| Julie E Painter | $12,355 | $6,040 | — | — | — |
| Tonya Carroll | — | $7,219 | $6,600 | $6,000 | $6,000 |
| Julie Extine Painter | — | — | $7,150 | — | — |
| Michell Hicks | — | $2,500 | $6,700 | $6,000 | $6,000 |
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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II4 listed
Programs and updates
Improves the economic and social well-being of the Eastern Band of Cherokee Indians.
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The sequoyah fund works to serve economic and social improvement of the eastern band of cherokee indians. The organization supports new business start-ups, business expansion, and overall community development in the seven far western counties of north carolina and on the qualla boundary.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.8M | $4.4M |
| InvestmentsLn 11–13 | $4.8M | $5.0M |
| Land, buildings, equipmentLn 10c | $11K | $6K |
| Total assetsLn 16 | $8.0M | $9.6M |
| LiabilitiesLn 26 | $931K | $1.0M |
| Net assetsLn 32 | $7.1M | $8.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $200K | $180K | $20K | |
| Other salaries and wagesLn 7 | $254K | $178K | $76K | |
| Pension plan contributionsLn 8 | $19K | $14K | $5K | |
| Other employee benefitsLn 9 | $21K | $15K | $6K | |
| Payroll taxesLn 10 | $28K | $21K | $7K | |
| Legal feesLn 11b | $18K | $15K | $3K | |
| Accounting feesLn 11c | $35K | $29K | $5K | |
| Other fees for servicesLn 11g | $165K | $77K | $89K | |
| Advertising and promotionLn 12 | $21K | $21K | ||
| Office expensesLn 13 | $38K | $34K | $4K | |
| Information technologyLn 14 | $52K | $45K | $8K | |
| OccupancyLn 16 | $10K | $8K | $1K | |
| TravelLn 17 | $14K | $12K | $2K | |
| Conferences, conventions and meetingsLn 19 | $55K | $46K | $8K | |
| InterestLn 20 | $8K | $8K | ||
| Depreciation, depletion and amortizationLn 22 | $6K | $5K | $894 | |
| InsuranceLn 23 | $1K | $1K | $191 | |
| Other expenses (24a–d)Ln 24 | $109K | $109K | ||
| All other expensesLn 24e | $7K | $6K | $1K | |
| Total functional expensesLn 25 | $1.1M | $825K | $237K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $4.9M | $1.6M | $3.3M | $13.7M | 990 PDF |
| FY2023 | $2.6M | $1.7M | $888K | $10.4M | 990 PDF |
| FY2022 | $1.0M | $1.6M | −$579K | $9.5M | 990 PDF |
| FY2021 | $2.3M | $788K | $1.5M | $10.0M | 990 PDF |
| FY2020 Viewing | $2.5M | $1.1M | $1.5M | $8.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $2,512,849 across 7 lines filed
Part IX · Statement of functional expenses $1,061,720 across 19 lines filed
Part X · Balance sheet $9,594,111 assets, 17 lines filed
Part XI · Reconciliation of net assets $8,553,402 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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