First Nations Oweesta Corporation
- Assets
- $63.5m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 14
- Location
- Longmont, CO
- Founding
- 06/2000
- Data as of
- 06/2022
- EIN
- 54-1970097
Organization Overview
First Nations Oweesta Corporation is located in Longmont, CO. The organization was established in 2000. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, First Nations Oweesta Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Nations Oweesta Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, First Nations Oweesta Corporation generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 25.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, First Nations Oweesta Corporation has awarded 145 individual grants totaling $8,477,981. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ECONOMIC ASSISTANCE, LOAN CAPITAL AND TRAINING TO NATIVE TRIBES, COMMUNITIES AND PEOPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSITUTIONAL DEVELOPMENT - THE PRIMARY GOAL IS TO HELP CREATE, DEVELOP, EXPAND AND STRENGTHEN NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). ACTIVITIES REFLECT THE PROVISION OF REGIONAL AND LOCAL CDFI WORKSHOPS, PARTICIPATION AND ATTENDANCE AT OTHER INDUSTRY CONFERENCES, PARTICIPATION ON THE CDFI COALITION, AND FOLLOW-UP OUTREACH, TECHNICAL ASSISTANCE AND TRAINING TO TRIBES WHO HAVE EXPRESSED AN INTEREST IN OR ARE IN THE PROCESS OF FORMING A CDFI.
LENDING AND OTHER - OWEESTA PROVIDES CAPITALIZATION TO QUALIFYING ORGANIZATIONS, ENABLING THEM TO REINVEST THE CAPITAL BACK INTO THEIR COMMUNITIES AND PROGRAMS AND/OR TO USE AS LEVERAGE TO ATTRACT OTHER CAPITAL. OWEESTA MAKES LOANS TO VARIOUS TYPES OF NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS SUCH AS SMALL BUSINESS LOAN FUNDS AND CREDIT ASSOCIATIONS TO MAKE CONSUMER, BUSINESS AND HOUSING LOANS. OWEESTA ALSO LENDS TO HOUSING LOAN FUNDS FOR CAPITALIZING CONSTRUCTION LOAN FUNDS OR FOR MORTGAGE LENDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chrystel Cornelius Executive Di | Officer | 40 | $192,868 |
Florence Ludka CFO | Officer | 40 | $170,943 |
Krystal Langholz COO | 40 | $168,437 | |
Derek Valdo Secretary/tr | OfficerTrustee | 2 | $0 |
Robin Danner Vice Chair | OfficerTrustee | 2 | $0 |
Jeff Bowman Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,476,722 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,998,312 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,475,034 |
| Total Program Service Revenue | $1,051,529 |
| Investment income | $24,048 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,550,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,833,267 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $386,858 |
| Compensation of current officers, directors, key employees. | $146,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,296,465 |
| Pension plan accruals and contributions | $22,944 |
| Other employee benefits | $133,425 |
| Payroll taxes | $125,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $800,323 |
| Advertising and promotion | $0 |
| Office expenses | $67,041 |
| Information technology | $72,089 |
| Royalties | $0 |
| Occupancy | $7,822 |
| Travel | $98,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,320 |
| Interest | $396,009 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $32,059 |
| All other expenses | $0 |
| Total functional expenses | $6,993,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,082,720 |
| Savings and temporary cash investments | $12,804,999 |
| Pledges and grants receivable | $1,099,175 |
| Accounts receivable, net | $160,757 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $40,424,723 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,385 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,837,816 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,460,575 |
| Accounts payable and accrued expenses | $633,628 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $42,097,403 |
| Other liabilities | $827,093 |
| Total liabilities | $43,558,124 |
| Net assets without donor restrictions | $17,706,168 |
| Net assets with donor restrictions | $2,196,283 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $63,460,575 |
Grants Awarded
Over the last fiscal year, First Nations Oweesta Corporation has awarded $2,827,867 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
Browning, MT PURPOSE: TECH GRANT | $206,309 |
Orono, ME PURPOSE: GRANT | $204,009 |
Eagle Butte, SD PURPOSE: GRANT | $182,667 |
Kapolei, HI PURPOSE: GRANT | $152,800 |
Juneau, AK PURPOSE: GRANT | $150,000 |
Grand Island, NE PURPOSE: GRANT | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that First Nations Oweesta Corporation has recieved totaling $1,155,000.
| Awarding Organization | Amount |
|---|---|
Opportunity Finance Network Philadelphia, PA PURPOSE: FINANCE JUSTICE FUND SUBGRANT | $1,000,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $105,000 |
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $50,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Nebraska Community Action Partnership Inc Loup City, NE | $11,182,517 | $15,277,585 |
Urban Land Conservancy Denver, CO | $141,352,888 | $31,846,899 |
Center For People In Need Inc Lincoln, NE | $4,396,742 | $7,753,507 |
Las Sendas Community Association Scottsdale, AZ | $18,217,968 | $6,434,720 |
First Nations Oweesta Corporation Longmont, CO | $63,460,575 | $8,550,611 |
Southwest Oklahoma Community Action Group Inc Altus, OK | $4,395,408 | $6,280,585 |
Telluride Mountain Village Owners Association Mountain Village, CO | $58,036,746 | $18,777,626 |
Cplc New Mexico Inc Phoenix, AZ | $8,008,132 | $5,703,819 |
The Alliance For Economic Development Of Oklahoma City Inc Oklahoma City, OK | $832,261 | $5,568,089 |
Viridian Residential Association Scottsdale, AZ | $3,949,158 | $4,903,376 |
Vistancia Village A Community Association Scottsdale, AZ | $3,845,113 | $4,265,306 |
Centerra Public Improvement Collection Corporation Loveland, CO | $379,662 | $2,826,725 |