Native Forward Scholars Fund FY2024 filing

Tax-deductible

Albuquerque, NM501(c)(3)Since 1969EducationEIN 85-0222386Revenue $15.6M in FY2024

On file with the IRSnativeforward.org10010 Indian School Rd Ne, 87112-3175 · Albuquerque, NMTax-exempt since May 1973Publicly supported charity — 170(b)(1)(A)(vi)

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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.
92¢ of each $1 spent went to programs.
$559K 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
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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$559K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
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
$2.9M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.6M
+20% vs prior year
Spent
$15.6M
To programs
92%
Net assets
$29.5M
By yearFY2020–FY2024
Revenue
$15.6M
FY2024▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.5M
FY2021$29.5M
FY2022$10.6M
FY2023$13.0M
FY2024$15.6M
FY2024$15.9M
Expenses
$15.6M
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.7M
FY2021$10.2M
FY2022$11.2M
FY2023$12.7M
FY2024$15.6M
FY2024$19.1M
Net assets
$29.5M
FY2024▲ +9%
Tap a bar for its year
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 FY2024 Form 990 (year ending June 2024) · 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 May 1973.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $14.3M Management & general 6% · $886K Fundraising 2% · $370K

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

14 people listed on the 990; $559K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$290,571Pt VII · Sec A
Director of Strategic Partnerships
$143,224Pt VII · Sec A
Director of Scholarship Operations
$125,473Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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Provided by the organization

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2 programs · $14.3M · in their own filed words · FY2023
01

Award and disbursement of scholarship funds to tribal citizens across the united states; primarily those seeking graduate and professional degrees. In the 2023-2024 academic year, 1489 students were supported at various levels.

$11.0Mprogram expense
02

Provides a student support service and resource program that engages high school, undergraduate and graduate students. Along with these services, the native forward website hosts the web resource center which issues a comprehensive list of education and career planning resources for all STUDENTS.STUDENT support services:one of native…

$3.3Mprogram expense

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 FY2024 990, line by line.

1The main four
Money inPt VIII
$15.6M
Ln 12
Gifts and grantsLn 1h$14.8M
Investment incomeLn 3$738K
Fees for servicesLn 2g$20K
Money outPt IX
$15.6M
Ln 25
Programscol B$14.3M
Managementcol C$886K
Fundraisingcol D$370K
Owns and owesPt X
$29.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$32.4M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14.8M
Government grantsLn 1e$9.8M
Fees for servicesLn 2g$20K
Investment incomeLn 3$738K
Gains on assetsLn 7−$132K
Total revenueLn 12$15.6M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$901K
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$26.7M
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$28K
Total assetsLn 16$32.4M
LiabilitiesLn 26$2.9M
Net assetsLn 32$29.5M
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 FY24End FY24
Cash and savingsLn 1–2$3.2M$2.0M
InvestmentsLn 11–13$24.5M$26.7M
Land, buildings, equipmentLn 10c$1.2M$1.3M
Total assetsLn 16$30.0M$32.4M
LiabilitiesLn 26$3.0M$2.9M
Net assetsLn 32$27.1M$29.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$11.0M$11.0M
Pay of current officers, directors and key staffLn 5$353K$71K$212K$71K
Other salaries and wagesLn 7$1.9M$1.5M$252K$143K
Pension plan contributionsLn 8$90K$72K$12K$7K
Other employee benefitsLn 9$132K$105K$17K$10K
Payroll taxesLn 10$174K$139K$23K$13K
Legal feesLn 11b$5K$4K$693$394
Accounting feesLn 11c$29K$29K
Investment management feesLn 11f$117K$117K
Other fees for servicesLn 11g$528K$420K$69K$39K
Advertising and promotionLn 12$57K$45K$7K$4K
Office expensesLn 13$247K$197K$32K$18K
Information technologyLn 14$113K$90K$15K$8K
OccupancyLn 16$247K$197K$31K$18K
TravelLn 17$134K$106K$17K$10K
Conferences, conventions and meetingsLn 19$239K$191K$31K$18K
Depreciation, depletion and amortizationLn 22$47K$35K$9K$3K
InsuranceLn 23$10K$8K$1K$773
Other expenses (24a–d)Ln 24$91K$72K$12K$7K
Total functional expensesLn 25$15.6M$14.3M$886K$370K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $15,557,008 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,885,293$14,839,529
I-9 Program service revenuePrior year $1,400$19,630
I-10 Investment incomePrior year $1,138,920$737,533
I-11 Other revenuePrior year −$37,674−$39,684
I-12 Total revenuePrior year $12,987,939$15,557,008
I-13 Grants and similar amounts paidPrior year $8,623,852$11,028,613
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,194,003$2,681,674
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,852,645$1,864,519
I-18 Total expensesPrior year $12,670,500$15,574,806
I-19 Revenue less expensesPrior year $317,439−$17,798
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $15,557,008 across 8 lines filed
VIII-1e Government grants$9,785,690
VIII-1f All other contributions, gifts and grants$5,053,839
VIII-1h Total contributions, gifts and grants$14,839,529
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,872 · Unrelated business $11,758$19,630
VIII-3 Investment incomeExcluded from tax $869,069$869,069
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$131,536−$131,536
VIII-8 Net income from fundraising eventsExcluded from tax −$39,684−$39,684
VIII-12 Total revenueRelated to mission $7,872 · Unrelated business $11,758 · Excluded from tax $697,849$15,557,008
Part IX · Statement of functional expenses $15,574,806 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $11,028,613$11,028,613
IX-5 Pay of current officers, directors and key staffPrograms $70,547 · Management $211,641 · Fundraising $70,547$352,735
IX-7 Other salaries and wagesPrograms $1,538,036 · Management $251,527 · Fundraising $143,193$1,932,756
IX-8 Pension plan contributionsPrograms $71,625 · Management $11,713 · Fundraising $6,669$90,007
IX-9 Other employee benefitsPrograms $104,914 · Management $17,157 · Fundraising $9,768$131,839
IX-10 Payroll taxesPrograms $138,733 · Management $22,688 · Fundraising $12,916$174,337
IX-11b Legal feesPrograms $4,235 · Management $693 · Fundraising $394$5,322
IX-11c Accounting feesManagement $29,354$29,354
IX-11f Investment management feesManagement $116,553$116,553
IX-11g Other fees for servicesPrograms $419,876 · Management $68,666 · Fundraising $39,091$527,633
IX-12 Advertising and promotionPrograms $45,249 · Management $7,400 · Fundraising $4,213$56,862
IX-13 Office expensesPrograms $196,749 · Management $32,252 · Fundraising $18,317$247,318
IX-14 Information technologyPrograms $90,204 · Management $14,752 · Fundraising $8,392$113,348
IX-16 OccupancyPrograms $197,413 · Management $31,019 · Fundraising $18,379$246,811
IX-17 TravelPrograms $106,248 · Management $17,376 · Fundraising $9,892$133,516
IX-19 Conferences, conventions and meetingsPrograms $190,551 · Management $31,162 · Fundraising $17,741$239,454
IX-22 Depreciation, depletion and amortizationPrograms $35,089 · Management $8,703 · Fundraising $3,267$47,059
IX-23 InsurancePrograms $8,302 · Management $1,358 · Fundraising $773$10,433
IX-24 Other expenses (24a–d)Programs $72,300 · Management $11,824 · Fundraising $6,732$90,856
IX-25 Total functional expensesPrograms $14,318,684 · Management $885,838 · Fundraising $370,284$15,574,806
Part X · Balance sheet $32,366,185 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $3,181,789$1,096,492
X-2 Savings and temporary cash investments$900,862
X-3 Pledges and grants receivable$1,757,564
X-4 Accounts receivableStart of year $781,804$505,175
X-9 Prepaid expenses and deferred chargesStart of year $355,701$56,702
X-10c Land, buildings and equipment, netStart of year $1,229,605$1,296,232
X-11 Publicly traded securitiesStart of year $24,483,552$26,725,570
X-15 Other assetsStart of year $0$27,588
X-16 Total assetsStart of year $30,032,451$32,366,185
X-17 Accounts payable and accrued expensesStart of year $190,808$393,867
X-19 Deferred revenueStart of year $2,369,250$1,691,218
X-25 Other liabilitiesStart of year $397,657$780,806
X-26 Total liabilitiesStart of year $2,957,715$2,865,891
X-27 Net assets without donor restrictionsStart of year $20,723,203$21,502,903
X-28 Net assets with donor restrictionsStart of year $6,351,533$7,997,391
X-32 Total net assets or fund balancesStart of year $27,074,736$29,500,294
X-33 Total liabilities and net assetsStart of year $30,032,451$32,366,185
Part XI · Reconciliation of net assets $29,500,294 net assets at year end
XI-1 Total revenue$15,557,008
XI-2 Total expenses$15,574,806
XI-3 Revenue less expenses−$17,798
XI-4 Net assets at start of year$27,074,736
XI-5 Net unrealized gains (losses) on investments$2,443,356
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,500,294

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

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