Native Finance Development Corporation
- Assets
- $22.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Vista, CA
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 83-1499750
Organization Overview
Native Finance Development Corporation is located in Vista, CA. The organization was established in 2018. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Native Finance Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
IN OUR FIRST QUARTER OF OPERATIONS, WE LAID A STRONG FOUNDATION FOR THE SUCCESS OF OUR EMERGING NATIVE CDFI (COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION):TEAM BUILDING: WE STRATEGICALLY RECRUITED TWO KEY EMPLOYEES A PROJECT MANAGER WITH EXTENSIVE FINANCIAL EXPERTISE (CERTIFIED FINANCIAL PLANNER, LICENSED IN TAXATION, INSURANCE, AND INVESTMENT ADVISORY) AND A PROGRAM COORDINATOR WITH A FOCUS ON BUILDING IT AND DATA INFRASTRUCTURE. THIS TEAM EQUIPS US TO DELIVER IMPACTFUL FINANCIAL DEVELOPMENT AND BANKING PROGRAMS.PROGRAM DEVELOPMENT: WE ESTABLISHED ROBUST QUALITATIVE AND QUANTITATIVE METHODS TO MEASURE THE EFFECTIVENESS OF OUR PROGRAMS, ENSURING WE DELIVER MEASURABLE RESULTS.COMMUNITY COLLABORATION: WE PARTNERED WITH AN ETHNOGRAPHIC MARKET RESEARCH FIRM EXPERIENCED WITH LOCAL TRIBES, ENSURING CULTURALLY RELEVANT PROGRAM DESIGN. ADDITIONALLY, WE RECRUITED AN AWARD-WINNING FINANCIAL CURRICULUM DEVELOPER, FURTHER STRENGTHENING OUR PROGRAM OFFERINGS.BOARD OF DIRECTORS: WE FORTIFIED OUR BOARD WITH TWO HIGHLY QUALIFIED MEMBERS: FORMER AND CURRENT TRIBAL COUNCIL LEADERS WITH A COMBINED 40 YEARS OF EXPERIENCE MANAGING AND OVERSEEING TRIBAL CASINO ENTERPRISES. ADDITIONALLY, WE SECURED THE PRO BONO EXPERTISE OF A TECHNOLOGY ADVISOR WHO IS AN ENTERPRISE ARCHITECT FROM SALESFORCE, BOLSTERING OUR TECHNOLOGICAL CAPABILITIES.THESE ACHIEVEMENTS IN THE FIRST QUARTER DEMONSTRATE A STRONG COMMITMENT TO BUILDING A SUCCESSFUL NATIVE CDFI THAT WILL PROVIDE VALUABLE FINANCIAL SERVICES TO NATIVE COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Tam Project Manager | 20 | $33,200 | |
Eric Menzel Project Coordinato | 20 | $7,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Caroline Colton | 12/30/23 | $4,140 |
Cynthia Tam | 12/30/23 | $6,600 |
Experiences For Mankind | 12/30/23 | $15,000 |
Eric Menzel | 12/30/23 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,536 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $90,536 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,713 |
| Professional fees and other payments to independent contractors | $16,692 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,131 |
| Total expenses | $90,536 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,718 |
| Other assets | $0 |
| Total assets | $22,718 |
| Total liabilities | $22,689 |
| Net assets or fund balances | $29 |