Native Forward Scholars Fund FY2021 filing

Tax-deductible

Albuquerque, NM501(c)(3)Since 1969EducationEIN 85-0222386

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We provide financial support for tribal citizens seeking higher education and support them in obtaining undergraduate, graduate, and professional degrees. We partner with tribes, the federal government, foundations, corporations, and individuals to ensure the growth and sustainability of scholarships.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$252K 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

FY2021 · 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
2 of 5
filings with a surplus
Average surplus $3.8M a year · 25% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$252K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $2.8M
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$29.5M
+294% vs prior year
Spent
$10.2M
To programs
94%
Net assets
$30.3M
By yearFY2020–FY2024
Revenue
$29.5M
FY2021▲ +294%
Revenue by fiscal year
FY2020$7.5M
FY2021$29.5M
FY2022$10.6M
FY2023$13.0M
FY2024$15.6M
FY2024$15.9M
Expenses
$10.2M
FY2021▲ +32%
Expenses by fiscal year
FY2020$7.7M
FY2021$10.2M
FY2022$11.2M
FY2023$12.7M
FY2024$15.6M
FY2024$19.1M
Net assets
$30.3M
FY2021▲ +318%
Net assets by fiscal year
FY2020$7.2M
FY2021$30.3M
FY2022$25.9M
FY2023$27.1M
FY2024$29.5M
FY2024$27.5M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1973.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $9.6M Management & general 4% · $408K Fundraising 2% · $252K

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

10 people listed on the 990; $252K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$150,826Pt VII · Sec A
$100,927Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director to
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A

Angelique Albert’s $320K as CEO is at the 68th percentile of top reported officer pay among 3683 $10–100M education 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Angelique Albert$319,591$290,571$263,812$268,088$150,826$152,307
Sara Labarge$177,038$143,224————
Christa Moya$157,450$125,473————
Erin Griego$151,219—————
Elisa Phillips$135,040—————
Angela Burnside$116,252—————
Christa Moya- Dir of Financial Aid———$105,855$100,927—
Sandra Boham$100,482—————

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

Programs and updates

Funds higher education for Native Americans and Alaska Natives, supporting degree attainment.

Provided by the organization

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2 program services account for $9.6M of program spending, described in the organization's own filed words · FY2020.
01

Disbursement of scholarship funds to native american and alaskan native students, primarily those seeking graduate and professional degrees. 1,120 were supported during the year.

$6.7Mprogram expense
02

Provide student support services and resources programs that engage students and proved resoures to high school students, undergraduate and graduate students. This includes empowering scholars summit college readiness for high school students; the rising native graduates graduate school mentoring program; the financial education…

$2.9Mprogram 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 · received and paid
Grants received · FY2024
See all 13 funders →
Grants paid · 6 grants · $50.9M · 2019–2024
Unitemized GrantFY2024$11,439,556
Unitemized GrantFY2023$11,028,613
Unitemized GrantFY2022$8,623,852
Unitemized GrantFY2021$7,750,709
Unitemized GrantFY2020$6,667,735
Unitemized GrantFY2019$5,414,597

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$29.5M
Ln 12
Gifts and grantsLn 1h$27.7M
Investment incomeLn 3$1.4M
Fees for servicesLn 2g$425K
Money outPt IX
$10.2M
Ln 25
Programscol B$9.6M
Managementcol C$408K
Fundraisingcol D$252K
Owns and owesPt X
$30.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$32.0M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27.7M
Government grantsLn 1e$6.4M
Fees for servicesLn 2g$425K
Investment incomeLn 3$1.4M
Gains on assetsLn 7$788K
Total revenueLn 12$29.5M
Assets in detailPt X, end of year
CashLn 1$3.1M
Cash and savings togetherLn 1–2$3.1M
InvestmentsLn 11–13$28.5M
Land, buildings, equipmentLn 10c$48K
Total assetsLn 16$32.0M
LiabilitiesLn 26$1.8M
Net assetsLn 32$30.3M
OperationsPt I, VI
EmployeesI 531
VolunteersI 6274
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.9M$3.1M
InvestmentsLn 11–13$5.2M$28.5M
Land, buildings, equipmentLn 10c$80K$48K
Total assetsLn 16$9.8M$32.0M
LiabilitiesLn 26$2.6M$1.8M
Net assetsLn 32$7.2M$30.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$6.7M$6.7M
Pay of current officers, directors and key staffLn 5$249K$176K$57K$17K
Other salaries and wagesLn 7$761K$500K$111K$150K
Pension plan contributionsLn 8$39K$28K$9K$3K
Other employee benefitsLn 9$85K$60K$19K$6K
Payroll taxesLn 10$98K$69K$22K$7K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$24K$24K
Investment management feesLn 11f$116K$116K
Other fees for servicesLn 11g$1.3M$1.3M$12K
Advertising and promotionLn 12$144K$136K$8K
Office expensesLn 13$37K$30K$4K$3K
OccupancyLn 16$90K$73K$9K$8K
TravelLn 17$7K$7K$493
Conferences, conventions and meetingsLn 19$3K$3K$183
Depreciation, depletion and amortizationLn 22$32K$26K$3K$3K
InsuranceLn 23$5K$3K$1K$712
Other expenses (24a–d)Ln 24$364K$330K$19K$15K
All other expensesLn 24e$178K$153K$6K$19K
Total functional expensesLn 25$10.2M$9.6M$408K$252K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $15.6M$15.6M−$18K$29.5M 990 PDF
FY2023 $13.0M$12.7M$317K$27.1M 990 PDF
FY2022 $10.6M$11.2M−$600K$25.9M 990 PDF
FY2021 Viewing $29.5M$10.2M$19.3M$30.3M 990 PDF
FY2020 $7.5M$7.7M−$234K$7.2M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $29,529,441 across 7 lines filed
VIII-1e Government grants$6,395,591
VIII-1f All other contributions, gifts and grants$21,304,104
VIII-1h Total contributions, gifts and grants$27,699,695
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $381,116 · Unrelated business $43,809$424,925
VIII-3 Investment incomeExcluded from tax $616,774$616,774
VIII-7 Net gain or loss on sales of assetsExcluded from tax $788,047$788,047
VIII-12 Total revenueRelated to mission $381,116 · Unrelated business $43,809 · Excluded from tax $1,404,821$29,529,441
Part IX · Statement of functional expenses $10,212,079 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $6,667,735$6,667,735
IX-5 Pay of current officers, directors and key staffPrograms $175,687 · Management $56,669 · Fundraising $16,766$249,122
IX-7 Other salaries and wagesPrograms $500,431 · Management $110,945 · Fundraising $149,897$761,273
IX-8 Pension plan contributionsPrograms $27,685 · Management $8,930 · Fundraising $2,642$39,257
IX-9 Other employee benefitsPrograms $59,918 · Management $19,327 · Fundraising $5,718$84,963
IX-10 Payroll taxesPrograms $69,168 · Management $22,311 · Fundraising $6,601$98,080
IX-11b Legal feesManagement $7,500$7,500
IX-11c Accounting feesManagement $24,293$24,293
IX-11f Investment management feesManagement $116,429$116,429
IX-11g Other fees for servicesPrograms $1,290,882 · Fundraising $12,469$1,303,351
IX-12 Advertising and promotionPrograms $135,858 · Fundraising $8,356$144,214
IX-13 Office expensesPrograms $29,805 · Management $3,724 · Fundraising $3,100$36,629
IX-16 OccupancyPrograms $73,410 · Management $9,100 · Fundraising $7,576$90,086
IX-17 TravelPrograms $6,829 · Fundraising $493$7,322
IX-19 Conferences, conventions and meetingsPrograms $2,536 · Fundraising $183$2,719
IX-22 Depreciation, depletion and amortizationPrograms $26,316 · Management $3,014 · Fundraising $2,509$31,839
IX-23 InsurancePrograms $3,345 · Management $1,082 · Fundraising $712$5,139
IX-24 Other expenses (24a–d)Programs $330,207 · Management $18,953 · Fundraising $15,217$364,377
IX-24e All other expensesPrograms $152,684 · Management $5,731 · Fundraising $19,336$177,751
IX-25 Total functional expensesPrograms $9,552,496 · Management $408,008 · Fundraising $251,575$10,212,079
Part X · Balance sheet $32,033,548 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,941,009$3,098,007
X-3 Pledges and grants receivableStart of year $105,933$237,654
X-4 Accounts receivableStart of year $14,019$63,454
X-9 Prepaid expenses and deferred chargesStart of year $89,605$89,325
X-10c Land, buildings and equipment, netStart of year $80,019$48,180
X-11 Publicly traded securitiesStart of year $5,225,657$28,496,928
X-16 Total assetsStart of year $9,802,540$32,033,548
X-17 Accounts payable and accrued expensesStart of year $136,157$1,092,460
X-18 Grants payableStart of year $83,334$40,000
X-19 Deferred revenueStart of year $2,159,219$369,480
X-25 Other liabilitiesStart of year $184,906$259,950
X-26 Total liabilitiesStart of year $2,563,616$1,761,890
X-27 Net assets without donor restrictionsStart of year $4,649,413$26,486,118
X-28 Net assets with donor restrictionsStart of year $2,589,511$3,785,540
X-32 Total net assets or fund balancesStart of year $7,238,924$30,271,658
X-33 Total liabilities and net assetsStart of year $9,802,540$32,033,548
Part XI · Reconciliation of net assets $30,271,658 net assets at year end
XI-1 Total revenue$29,529,441
XI-2 Total expenses$10,212,079
XI-3 Revenue less expenses$19,317,362
XI-4 Net assets at start of year$7,238,924
XI-5 Net unrealized gains (losses) on investments$3,715,372
XI-10 Net assets at end of year$30,271,658

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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